Search results

Im not saying real eastate is more risky. It CAN be, especially in bubbles like san diego, but not in general. People get hurt in the stock market because they place big bets on individual stocks and sell them at the bottom LOL Show me someone how has done nothing but bought the s&p500...

Hows zero down sound then? That happens too, and yes they are lunatics.

No, youre completely wrong. Lots of areas in san diego are down 20% from the peak. Some bag holders have already eaten 20% and more. My point is, comparing a 50% non-leveraged dip in the stock market to the highly leveraged home market is not even close to realistic. You have to...

Thats very misleading, since people typically dont own their homes and are effectively using massive leverage. If im a typical californian and buy a 1 million dollar home with 50K down, and it goes down 20%, ive lost 150K If I put 50K in the market, I have to lose 300% to match the home...

TADA!!! Someone figured it out. :D Homes are a huge pain in the ass for some people. I no longer enjoy owning a home.

If you want to live in a country where you can slack off and still make nearly as much as the next guy, because of high taxation and wealth distribution, go to europe. If you are an ass kicker, are willing to work your tail off, and actually enjoy the fruits of your labor and thus have a much...

"A profitable strategy is NOT a science." Wrong wrong wrong, and I prove it every day.

Its already been happening. People in washington, oregon, nevada, have been complaining about all the californians moving in and driving their traffic, smog and real estate prices up.

I didnt realize there were so many irrational conspiracy lunatics on this site. This site really is a joke. Are there any sites with real traders instead of conspiracy nuts around here? :eek:

The same could have been said at the beginning of the last real estate crash here, except they didnt have record inventories like we do now, and real estate grinded down for 7 years in a row. Also, there are plenty of places to live. Take a look at my previous charts. The san diego...

I could buy a home tomorrow and still have enough to trade, but then I would make less profit and have all the bullshit associated with owning a home to deal with. Ive owned homes in the past, and im so over it. I think owning a home is highly over rated. I move about once a year and get...

Sold the house. Use the capital to trade. Its hard putting money down on a house when you know you can make such a good return on it. Im up 6% in january alone, thats an extra special month, im glad my capital wasnt stuck in a house. Besides, im over the house thing. Just a bunch of...

The US is not going to use a nuke because of 3000 dead US soldiers. Everyone acts like this is some kind of big number, its not. WWII had 48 MILLION DEAD. MILLION!!! Its not too hard to drop a nuke to end a war which caused the deaths of 48 *******MILLION********** people. But the US...

"And if first-time buyers are putting less than 10 percent down with a "stated income" loan, they need to have savings equal to six months worth of mortgage payments." Considering 85% of san diegans used 100% financed, interest only arm loans to get into the homes in the first place...

Those things are useless. The US would never actually use one. Wasted cash. How can anyone believe that we need MORE military spending? How the hell are we losing in iraq then??? Were a gutless paper tiger.

The american public has no stomach for war. If I could rewind the hands of time and become president, I would have taken iraq in 2 weeks, just like we did, and then immediately left. LEFT! GONE! If they want to slaughter each other fine, thats not my problem. While they are busy killing...

You can say that again! I have zero debt, a pile of cash in the bank, and zero loans. I have no idea how most of my friends with 10K to 30K of credit card debt can live like that :eek: These are people in their 30's! When the F are they ever going to retire??? Have fun working at...

So true. The culture is rotten to the core. Its become so superficial, there is no work ethic, there is no patience, were really f-ed in the long run. The next generation is going to retire with nothing because they will be spending their entire paychecks on cars,clothes, big screen TVs, and...

Take a look at this home in a popular area. http://www.era.com/trulialisting/2069789.html?utm_id=20 If it sells at the low end of what they are asking for, which it probably will, thats $247 a square foot. These home were going for $340 a sq/ft last year. 27% down in a year. Yup...

More blowing smoke. Notice that you didnt address any of the 800lb gorillas standing in the corner. Record inventory, record vacancies, record foreclosure rates, no buyers, crazy loans to people with a pulse.... Nah, who cares. I "sense" a turn around. "Its a great time to buy". You...