Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Just for clarification...the S&P did close down 2.93 today. That's after nearly a +25 gain over the past week and nearly a +90 point gain over the past month. Sure things are bumpy and likely will continue to be so for quite a while. Cheer up a little! I personally like to hear a little good news now and then, don't you?
There are enough bad news outlets out there you would think folks would be content with those. Yes I am a cheerleader for homeowners who are hoping to hold the line on their equity decline. Is that bad? I sold at high and I know the folks who purchased my old house have taken a hit. Should I relish in that and want them to lose more or should I not hope they recoup some of their loss? I agree with you a little cheer is what we as a society need. So if posters want rain do they need anymore rain makers?
There are enough bad news outlets out there you would think folks would be content with those. Yes I am a cheerleader for homeowners who are hoping to hold the line on their equity decline. Is that bad? I sold at high and I know the folks who purchased my old house have taken a hit. Should I relish in that and want them to lose more or should I not hope they recoup some of their loss? I agree with you a little cheer is what we as a society need. So if posters want rain do they need anymore rain makers?
Agreed, although we certainly need "real" rain. Sorry to anyone that thinks otherwise, but I kind of like drinking the lemonade out of the lemons life gave me. No one knows what the future will hold. We can all speculate and post quotes from articles and postulate all we want. The way I see it, you have control over just a few things in your life, and your attitude is one of them.
As long as CNBC is in the banker's pockets it's not going to happen any time soon... Boggles the mind that it passes for "news".
I'm still trying to figure out why the RaRa's are desperately looking for a bottom without looking at the real picture. These people obviously have internet connections and there's plenty of non-MSM reporting out there. Especially when it comes to what is happening globally and the real story behind the market.
The RaRa crowd probably has no idea what is happening in Japan, China, Greece, Iceland, etc, etc... and the possible impact on the US.
There are enough bad news outlets out there you would think folks would be content with those. Yes I am a cheerleader for homeowners who are hoping to hold the line on their equity decline. Is that bad? I sold at high and I know the folks who purchased my old house have taken a hit. Should I relish in that and want them to lose more or should I not hope they recoup some of their loss? I agree with you a little cheer is what we as a society need. So if posters want rain do they need anymore rain makers?
You just gave me pictures of Matt Damon in the movie... I hope this doesn't get moved while I write this. I respect that you want to cheerlead for homeowners and I get your motivation. You're certainly going to get plenty of company from the RE professionals - for obvious reasons.
Did you ever consider that you're hurting buyers with all the koolaid? Buying a home preys on people's emotions - it's that factor that can make the decision irrational from a financial perspective. I preach being smart about your purchase. There should never be factoring in "recoup some of their loss"... Because all you're doing is redirecting it or offsetting it to someone else. It's like pass the hot potato - here's my debt, no you take it...
In respect to the Triangle, if housing starts are up - how is the resale stock? Is there still building going on in the best school districts?
You just gave me pictures of Matt Damon in the movie... I hope this doesn't get moved while I write this. I respect that you want to cheerlead for homeowners and I get your motivation. You're certainly going to get plenty of company from the RE professionals - for obvious reasons.
Did you ever consider that you're hurting buyers with all the koolaid? Buying a home preys on people's emotions - it's that factor that can make the decision irrational from a financial perspective. I preach being smart about your purchase. There should never be factoring in "recoup some of their loss"... Because all you're doing is redirecting it or offsetting it to someone else. It's like pass the hot potato - here's my debt, no you take it...
In respect to the Triangle, if housing starts are up - how is the resale stock? Is there still building going on in the best school districts?
Yup a good read. I am in the keep prices propped up camp. Of course this is someone who has a 33 year old and 29 year old with houses and wanting to protect their investments. So yes I am self serving as I suspect those folks are who want to drive prices down so they can afford or afford more. Yes it is called capitalism and acting out in our self interest. Neither of the sons is under water or anywhere close but hey we are all capitalist aren't we? If not than those folks have still have the opportunity to come over. I am thinking of their nest egg and their retirement as they are also. If you have your house paid off and even if it never appreciated you still have that value in equity.
Yup a good read. I am in the keep prices propped up camp. Of course this is someone who has a 33 year old and 29 year old with houses and wanting to protect their investments. So yes I am self serving as I suspect those folks are who want to drive prices down so they can afford or afford more. Yes it is called capitalism and acting out in our self interest. Neither of the sons is under water or anywhere close but hey we are all capitalist aren't we? If not than those folks have still have the opportunity to come over. I am thinking of their nest egg and their retirement as they are also. If you have your house paid off and even if it never appreciated you still have that value in equity.
I can't even fathom how to respond to that, as someone with young kids you've left me speechless for the moment. I will be back with a vengeance at a later date, though.
You still didn't answer my question about there being new construction in the best school districts.
I can't even fathom how to respond to that, as someone with young kids you've left me speechless for the moment. I will be back with a vengeance at a later date, though.
You still didn't answer my question about there being new construction in the best school districts.
I don't know the area well enough to answer that question. I will let a realtor answer that question. I can only tell you my sons don't hate boomers and daughter in law is a CPA/Controller and the other has a Masters in Finance so they understand the game and the system. There is no need for you to come back with a vengeance as we are each entitled to our thoughts and this isn't about us but about the economic development and future of the Triangle. I don't believe the regional economy is better off with a higher percentage of home owners under water. Continued reductions in home prices will do that.We may disagree but that is my thought.
Yes I am a grandparent and have that future in mind. Deflation is not good in my estimation for future generations. Again we may disagree but I am not a proponent of deflation for the Triangle.
You just gave me pictures of Matt Damon in the movie... I hope this doesn't get moved while I write this. I respect that you want to cheerlead for homeowners and I get your motivation. You're certainly going to get plenty of company from the RE professionals - for obvious reasons.
Did you ever consider that you're hurting buyers with all the koolaid? Buying a home preys on people's emotions - it's that factor that can make the decision irrational from a financial perspective. I preach being smart about your purchase. There should never be factoring in "recoup some of their loss"... Because all you're doing is redirecting it or offsetting it to someone else. It's like pass the hot potato - here's my debt, no you take it...
In respect to the Triangle, if housing starts are up - how is the resale stock? Is there still building going on in the best school districts?
Are you kidding me? "Did you ever consider that you're hurting buyers with all the koolaid? Buying a home preys on people's emotions" Any buyer or seller that makes their decision based on anything less than a full set of information derived from multiple objective sources is a complete fool. I certainly hope that any one who actually qualifies to buy a home these days has enough sense to take all veins of media with a grain of salt and make an intelligent decision based on cumulative facts and not those of one poster on city-data. I hardly think that TuborgP's post is going to incite anyone to make a bad decision!
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
hence my comments
