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read how stupid your reason for crime has gone up, over priced housing market???? That makes no sense to me? Well Yes I do know quite a few people who are on drugs and layed off. Now they are trying to get off drugs and have been for quite sometime but getting layed off sure put a dent in snorting that coke on friday night!!! No I am not crazy!!! If you think Wall Street Executives are immune to cocaine and porn because they have or had a high price job, your sadly wrong!!! Matter of fact not all, but a lot of people with good jobs did do drugs! I am not saying ton and tons, but certainly I knew quite a few!!! Single 30 's men who had a nice taste for coke and women. Please wake up! Ohh maybe not addicts but they did like to party on a Friday night and grab a gram or two to snort up their nose, and hit a few clubs, now that they are out of a job, that has really slowed down.
I didn't mean that the housing crisis was the only reason that crime has risen. I meant that it is one of the contributing factors...one thing effects another. Of course you would know the kind that are effected along with the drugs cause like people surround themselves with what they know. I am not trying to insult but there is some truth in all this. I know alot of people who don't do drugs and have done the right thing and are affected by all this. Is it fair. Like I said in my previous post....From the government, realators, newscasters, financial experts...I am hearing it today on cnbc. Everyone knows that "housing is overpriced".
I didn't mean that the housing crisis was the only reason that crime has risen. I meant that it is one of the contributing factors...one thing effects another. Of course you would know the kind that are effected along with the drugs cause like people surround themselves with what they know. I am not trying to insult but there is some truth in all this. I know alot of people who don't do drugs and have done the right thing and are affected by all this. Is it fair. Like I said in my previous post....From the government, realators, newscasters, financial experts...I am hearing it today on cnbc. Everyone knows that "housing is overpriced".
I got you, however most crime is committed not by this group. I am not out to argue with you either, and your point is taken. So your angry that housing is still overpriced?? I mean tell me what would make your situation happy????? I am curious and am enjoying your thinking. Thanks Marilyn
Oh, and one more thing....it's one thing to smoke a little...party a little and enjoy life that way if you chose to....but it should not be effecting your life so drasticaly that the price lose to a drug dealer should be equal to your monthly car insurance or god knows how much more. And I'm sure if there are that many people supplying these guys...especially people who have alot of money...they will be ok i'm sure.
Oh, and one more thing....it's one thing to smoke a little...party a little and enjoy life that way if you chose to....but it should not be effecting your life so drasticaly that the price lose to a drug dealer should be equal to your monthly car insurance or god knows how much more. And I'm sure if there are that many people supplying these guys...especially people who have alot of money...they will be ok i'm sure.
look I am not going to change the thread to a story or facts on drug dealers however you are wrong again. Every customer they lose make a dent in their pocket. This is why turf is so important to drug dealers. They will have shoot outs for the best corner spots for the rich kids and rich men and women to make a quick score. You see your dealing with someone who knows the inns and outs too well to argue with. However please answer my question
what would make your situation happy as far as overpriced housing??? Tell me what is a good number for you and lets get this back to the housing market, if you want to talk about drugs and dealers please feel free to PM me thanks again marilyn
look I am not going to change the thread to a story or facts on drug dealers however you are wrong again. Every customer they lose make a dent in their pocket. This is why turf is so important to drug dealers. They will have shoot outs for the best corner spots for the rich kids and rich men and women to make a quick score. You see your dealing with someone who knows the inns and outs too well to argue with. However please answer my question
what would make your situation happy as far as overpriced housing??? Tell me what is a good number for you and lets get this back to the housing market, if you want to talk about drugs and dealers please feel free to PM me thanks again marilyn
You are absolutly right....I don't know much about the druggy thing, thank god. Thats their problem that they had good jobs...spent tons on drugs when the going was good...and now are crying boo hoo.
Anyway....like I am advising to buyers...if it is so easy to slap on an exrta $100,000 or more onto a house that isn't worth it, it should be our best interest to lowball $100,000 off of their phantom money. They weren't wrong for what they did...neither are we. If buyers stick together and do their research and buy a house that is worth a realistic value...of course this value is subjective...but come on, we all know a crap box for a half a million when we see it. Bank appraisers, finance people ect can do the research back into history, records, job losses, raises, average income ect and find a price medium somewhere. And we all know it ain't where we are now. If we all know that now, why can't it be figured out. The first post has truth in it...raises, jobs, inflation, all should be a deciding factor. Or we can do our own research from now on and only pay the price for what we really think something is worth. I see realtors and sellers having a hard time in the future selling homes as people get more savy and internet friendly. We are not in the dark and will not just throw money to someone who decides they are just for asking for it. I have a nice down payment set aside, good credit, no debt, good job and can by a home when I chose, but I still won't give someone what they are asking today...never and will still not purchase a home that I know is overpriced. There are plenty of homes out there...all will have pros & cons...but a good value is a good value. These are not good values.
If the seller had bought it two years ago, and paid $999,000 for it, would that make it more palatable to you? Conversely, if he never paid a dime for it, but inherited it from his mother who died a year ago, do you feel he should just give it to charity, because making a profit is greedy?
The next "fool" to buy this house will likely do so becasue the price he pays is what it takes to buy a house like this in this neighborhood. He will likely not care how much profit the seller makes, as that's sort of irellevant the the current market value. He will instead be focused on getting the best house for him & his situation for the dollars he is willing to spend.
You got me wrong. I am not laughing at somebody else's loss or feel jealous about their profit because that is not my business. All I want to say is, as a buyer, if you want to protect yourself, be aware. I wouldn't buy this house and let the seller take $375k profit away because I don't believe such a profit is reasonable. If somebody buys it, then don't come back and whine when the property value drops another 15-20% a year from now. And I do consider this type of action foolish.
You got me wrong. I am not laughing at somebody else's loss or feel jealous about their profit because that is not my business. All I want to say is, as a buyer, if you want to protect yourself, be aware. I wouldn't buy this house and let the seller take $375k profit away because I don't believe such a profit is reasonable. If somebody buys it, then don't come back and whine when the property value drops another 15-20% a year from now. And I do consider this type of action foolish.
You should do your research, you shouold be an educated buyer, and you should only buy what you feel is a good deal for you. I'm curious though. If you can buy a house that looks like a good deal; it's priced 8 to 10% below the most recent sale of the exact same house just 2 months ago, it's in the school district you want, it's got no issues, structural or cosmetic. It's a great house, and because the seller needs to move he can let you have it for what appears to be a great price in this market. Why do you CARE that he is making a huge profit? Why is it relevant that six years ago he managed to get the house for 500k, and now he is prepared to sell it to you for $875k? Nothing has sold in this neighborhood for under $900k in over a year. Why does the profit made by the seller have ANY impact on your decision at all? Why do you feel yo have the right to make a judgment on the reasonableness of his profit?
You should do your research, you shouold be an educated buyer, and you should only buy what you feel is a good deal for you. I'm curious though. If you can buy a house that looks like a good deal; it's priced 8 to 10% below the most recent sale of the exact same house just 2 months ago, it's in the school district you want, it's got no issues, structural or cosmetic. It's a great house, and because the seller needs to move he can let you have it for what appears to be a great price in this market. Why do you CARE that he is making a huge profit? Why is it relevant that six years ago he managed to get the house for 500k, and now he is prepared to sell it to you for $875k? Nothing has sold in this neighborhood for under $900k in over a year. Why does the profit made by the seller have ANY impact on your decision at all? Why do you feel yo have the right to make a judgment on the reasonableness of his profit?
Yes I care, because that profit is unreasonably huge in my opinion and I am the person who is paying for that profit. And just because of that unreasonableness, I won't buy even it's at a "competitive price". In today's market a competitive price today doesn't protect me from depreciation 1-2 years from now.
If I were to compare price, I would not compare those sold 2 months ago, because that came off of a highly skewed market. Instead, I would find a point before the housing bubble, say, 2000, and apply a reasonable appreciation rate to it to arrive at today's price. That way in my eyes, will shield me from the bursting bubble.
If somebody is rich enough to see $100k loss without a blink of his eyes, he will sure be grateful that the seller let him have it for what appears to be a great price in this market. But I am sure not a lot people are like this. And the bottom line is: how many people believe that $425k in 1999 must surly become $800k today, not to mention $900k?
Yes I care, because that profit is unreasonably huge in my opinion and I am the person who is paying for that profit. And just because of that unreasonableness, I won't buy even it's at a "competitive price". In today's market a competitive price today doesn't protect me from depreciation 1-2 years from now.
If I were to compare price, I would not compare those sold 2 months ago, because that came off of a highly skewed market. Instead, I would find a point before the housing bubble, say, 2000, and apply a reasonable appreciation rate to it to arrive at today's price. That way in my eyes, will shield me from the bursting bubble.
If somebody is rich enough to see $100k loss without a blink of his eyes, he will sure be grateful that the seller let him have it for what appears to be a great price in this market. But I am sure not a lot people are like this. And the bottom line is: how many people believe that $425k in 1999 must surly become $800k today, not to mention $900k?
That's my point. Most people don't, and shouldn't, consider whether the profit is reasonable. They consider whether the PRICE is reasonable. It's not "How much is the seller going to make if I buy this house." It's "For what price can I get this house."
But, you go ahead & do it your way. Just becasue I think it's silly & useless doesn't mean you can't look at it that way. Enjoy.
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