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May 28, 2010 at 8:04 PM in reply to: I finally bought a house in Carmel Valley; prices there will now tank. #557005May 28, 2010 at 8:04 PM in reply to: I finally bought a house in Carmel Valley; prices there will now tank. #557284
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Participant[quote=flu]The way I get around minimizing disturbing the force, is I do something directly the opposite (a compensating transaction). So for example, if I buy X shares of something thinking market’s are going to tank, I immediately sell Y shares of something equivalent so the net effect on the market is it doesn’t move…Unless I have the unfortunate luck of X going down after I buy and Y going up after I sell, which inevitably also happens….So…Find a cheap piece of asset and sell it. That will counterbalance the disturbance in the force that yourself is responsible for 🙂
And don’t worry. Ask your wife to find a feng shui dude/dudette to give it it’s blessing.
So, I have to ask, are you going to be going to East Ocean Air or Sage Canyon? I hear it switches between the two around that area because EOA is getting crowded. BTW: they just had a opening on the EOA park. It’s a pretty nice park/rec center.[/quote]
Sage Canyon. Our daughter is in Sage right now, so she won’t have to move. Which is nice.
Apparently the lot has pretty good feng shui. If you’re into that sort of thing. Which my wife is. She’s probably got a dude/dudette lined up already. She knows I scoff at these things, so she’ll have her do it when I’m not there. Or she’ll do it when I am there, but in Chinese, and she’ll tell me she was saying “nice lot. And your husband is handsome,” or something along those lines.
May 28, 2010 at 4:58 PM in reply to: I finally bought a house in Carmel Valley; prices there will now tank. #556172Participant[quote=IT.MOM]Congrats. Welcome to the neighborhood. By the way, why did you say price will tank?[/quote]
Glad to be here.
Why?
1. Shadow inventory
2. Unemployment
3. Limited supply of Asians willing to pay anything for good schools (like my wife).
4. Interest rates almost have to go up from here.
5. End of tax rebates (Fed recently, CA soon).
6. Fall/Winter
7-9. A few more I can’t think of right this second.
10. MAINLY, because, after 5 years of waiting for CV prices to fall, I gave up and bought.I’d have actually preferred to wait, but this lot was so fantastic and unique, I didn’t want to pass it up.
May 28, 2010 at 4:58 PM in reply to: I finally bought a house in Carmel Valley; prices there will now tank. #556273Participant[quote=IT.MOM]Congrats. Welcome to the neighborhood. By the way, why did you say price will tank?[/quote]
Glad to be here.
Why?
1. Shadow inventory
2. Unemployment
3. Limited supply of Asians willing to pay anything for good schools (like my wife).
4. Interest rates almost have to go up from here.
5. End of tax rebates (Fed recently, CA soon).
6. Fall/Winter
7-9. A few more I can’t think of right this second.
10. MAINLY, because, after 5 years of waiting for CV prices to fall, I gave up and bought.I’d have actually preferred to wait, but this lot was so fantastic and unique, I didn’t want to pass it up.
May 28, 2010 at 4:58 PM in reply to: I finally bought a house in Carmel Valley; prices there will now tank. #556763Participant[quote=IT.MOM]Congrats. Welcome to the neighborhood. By the way, why did you say price will tank?[/quote]
Glad to be here.
Why?
1. Shadow inventory
2. Unemployment
3. Limited supply of Asians willing to pay anything for good schools (like my wife).
4. Interest rates almost have to go up from here.
5. End of tax rebates (Fed recently, CA soon).
6. Fall/Winter
7-9. A few more I can’t think of right this second.
10. MAINLY, because, after 5 years of waiting for CV prices to fall, I gave up and bought.I’d have actually preferred to wait, but this lot was so fantastic and unique, I didn’t want to pass it up.
May 28, 2010 at 4:58 PM in reply to: I finally bought a house in Carmel Valley; prices there will now tank. #556862Participant[quote=IT.MOM]Congrats. Welcome to the neighborhood. By the way, why did you say price will tank?[/quote]
Glad to be here.
Why?
1. Shadow inventory
2. Unemployment
3. Limited supply of Asians willing to pay anything for good schools (like my wife).
4. Interest rates almost have to go up from here.
5. End of tax rebates (Fed recently, CA soon).
6. Fall/Winter
7-9. A few more I can’t think of right this second.
10. MAINLY, because, after 5 years of waiting for CV prices to fall, I gave up and bought.I’d have actually preferred to wait, but this lot was so fantastic and unique, I didn’t want to pass it up.
May 28, 2010 at 4:58 PM in reply to: I finally bought a house in Carmel Valley; prices there will now tank. #557138Participant[quote=IT.MOM]Congrats. Welcome to the neighborhood. By the way, why did you say price will tank?[/quote]
Glad to be here.
Why?
1. Shadow inventory
2. Unemployment
3. Limited supply of Asians willing to pay anything for good schools (like my wife).
4. Interest rates almost have to go up from here.
5. End of tax rebates (Fed recently, CA soon).
6. Fall/Winter
7-9. A few more I can’t think of right this second.
10. MAINLY, because, after 5 years of waiting for CV prices to fall, I gave up and bought.I’d have actually preferred to wait, but this lot was so fantastic and unique, I didn’t want to pass it up.
May 28, 2010 at 3:31 PM in reply to: I finally bought a house in Carmel Valley; prices there will now tank. #556076ParticipantNot a lot of guys could pull off that hairstyle, Rich. Nicely done. You look great.
And thanks.
May 28, 2010 at 3:31 PM in reply to: I finally bought a house in Carmel Valley; prices there will now tank. #556178ParticipantNot a lot of guys could pull off that hairstyle, Rich. Nicely done. You look great.
And thanks.
May 28, 2010 at 3:31 PM in reply to: I finally bought a house in Carmel Valley; prices there will now tank. #556666ParticipantNot a lot of guys could pull off that hairstyle, Rich. Nicely done. You look great.
And thanks.
May 28, 2010 at 3:31 PM in reply to: I finally bought a house in Carmel Valley; prices there will now tank. #556765ParticipantNot a lot of guys could pull off that hairstyle, Rich. Nicely done. You look great.
And thanks.
May 28, 2010 at 3:31 PM in reply to: I finally bought a house in Carmel Valley; prices there will now tank. #557042ParticipantNot a lot of guys could pull off that hairstyle, Rich. Nicely done. You look great.
And thanks.
Participant[quote=davelj]
My point is that if there were absolutely no moral component to the idea of paying lenders back, despite the availability of options that allow borrowers to avoid payment, there would be precious little lending that would take place.
[/quote]I’m not sure how you figure that.
First of all, most loans are paid back regardless of any moral component. They’re paid back because the consequences of not paying outweigh the consequences of paying. I’d say precious few loans are made where the lender is counting on the moral standards of the borrower. Lenders know that a certain percentage of borrowers won’t repay them, and that that percentage of borrowers changes as things such as the credit scores of the borrowers and the type of collateral put up change. They charge interest accordingly.
What changed over the last 7 years
wasn’t moral standards, it was lending standards. If you have adequate lending standards, there will be plenty of loans made and enough of them will be paid back that we won’t end up in a mess like the one we’re in.Participant[quote=davelj]
My point is that if there were absolutely no moral component to the idea of paying lenders back, despite the availability of options that allow borrowers to avoid payment, there would be precious little lending that would take place.
[/quote]I’m not sure how you figure that.
First of all, most loans are paid back regardless of any moral component. They’re paid back because the consequences of not paying outweigh the consequences of paying. I’d say precious few loans are made where the lender is counting on the moral standards of the borrower. Lenders know that a certain percentage of borrowers won’t repay them, and that that percentage of borrowers changes as things such as the credit scores of the borrowers and the type of collateral put up change. They charge interest accordingly.
What changed over the last 7 years
wasn’t moral standards, it was lending standards. If you have adequate lending standards, there will be plenty of loans made and enough of them will be paid back that we won’t end up in a mess like the one we’re in.Participant[quote=davelj]
My point is that if there were absolutely no moral component to the idea of paying lenders back, despite the availability of options that allow borrowers to avoid payment, there would be precious little lending that would take place.
[/quote]I’m not sure how you figure that.
First of all, most loans are paid back regardless of any moral component. They’re paid back because the consequences of not paying outweigh the consequences of paying. I’d say precious few loans are made where the lender is counting on the moral standards of the borrower. Lenders know that a certain percentage of borrowers won’t repay them, and that that percentage of borrowers changes as things such as the credit scores of the borrowers and the type of collateral put up change. They charge interest accordingly.
What changed over the last 7 years
wasn’t moral standards, it was lending standards. If you have adequate lending standards, there will be plenty of loans made and enough of them will be paid back that we won’t end up in a mess like the one we’re in. -
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