Real estate horror stories

Quote from traderdragon2:

day7793,

Stop being a fucking idiot already. gnome is a trader. Traders dont buy shit that is about to go down 30% you fucking moron. What part of HE DOESNT WANT TO LOSE MONEY dont you udnerstand?

Who let the tard in here? Shut the fuck up already. You sound like paris hiltons purse dog, you little twit.
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I missed it somehow so here its :

Paris Hilton purse dog? Can you insult better than that? I think you both are unhappy life long renters who never succeeded in getting a home and a roof of your own. I see the bitterness in your voice and I feel sorry for you.

But I have news for you, your speculation on real estate values is a mirage. Nothing will go down 30% and so far after 2.5 years of this terrible time it has merely gone down 4.9% around the country, in fact some places have appreciated 5-10% .

Real Estate investing is totally different than trading. You need to wear 2 hats to the do the job well. You trader mentality is your short coming since you treat real estate as a stock or equity that can go down on a given day.
 
Quote from day7793:

You dont know anything about me, except what you read here. Yes I do have granite counter tops and recessed lights and I enjoy a comfortable house that worth more than a million dollars. If that makes you upset, look into your life why you didn't make those choices any sooner, and what can you do about it.

Real estate is still a bargain and in few years you could hop scotch your way into a million dollar or more home so you can wash your clothes in your private laundry room.

Just donot stand there and take a beating when you meet successful people. At least I don't.
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Your posts throughout the threads here in ET are amusing. You are fixated on this concept that others don't have what you have (or better), and they're just jealous losers who covet whatever it is you own (or don't own, for all we know).

Get used to the fact that the world doesn't revolve around you. Nobody gives a flying fuck whether you have a house or not. It's ORDINARY to have a house, just as it's ORDINARY if you don't have a house. The house I have is just that - a house. It doesn't give me license to ridicule and scorn everyone around me.

Apparently, you think you do. At this point the only one who doesn't realize that YOU'RE the barking cocker spaniel is YOU.

Go jack off to your washing machine and kitchen countertops. You're unwelcome here if you haven't noticed.

RT
 
Quote from day7793:

You are getting skinned alive on your taxes. Take a look how much you will pay in 2007, it should horrify you and upset you. You have no tax planning and tax shelter, none. Silicone valley specially in Santa Clara/ San Jose there are so many nice homes available right now.
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Ibuy one house now and become negative in equity in a few years, how does that help me ?
 
Quote from Adobian:

Ibuy one house now and become negative in equity in a few years, how does that help me ?
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because in another few years you will be positive.
 
Quote from Adobian:

in that case, I'd rather wait a couple of years.
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Yes, and you could lock in at much higher rate then too. So you gotta decide whether the payments will be lower if you purchase now vs. later. Will the potential rate increase offset the potential purchase price change? Factor in the tax break you'd get over two year period too.

Me personally, I believe that payments won't get much lower than they are now because rates are near bottom and prices won't drop enough in the short-run to offset them. There's so much doom and gloom in the newspapers that the sellers and buyers couldn't be more scared...its the ARMS resets that are the joker in the deck. Ya'll know I thought we'd be through the bottom quicker than this and I was wrong about that, but can it really be argued that now isn't a good time to buy? Factor in the fact that rents are rising at a good clip in your response.

SM
 
Quote from Smart Money:

Ya'll know I thought we'd be through the bottom quicker than this and I was wrong about that, but ...
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BTW, ya'll know that a fellow here on this site once said that when I'm not bullish, then that is a bullish signal. :)

Ok, so does that mean I should be more bullish? There's a paradox there...

SM
 
Quote from Smart Money:

BTW, ya'll know that a fellow here on this site once said that when I'm not bullish, then that is a bullish signal. :)

Ok, so does that mean I should be more bullish? There's a paradox there...

SM
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Cramer admitted that he is a bear today, on CNBC. He said Bear market started in Sept.

He also give a solution to the housing problem: Government should buy insurers.
 
My one friend bought a home in Florida. He paid 950k for the home on a variable rate.

He still tries to make an argument that the market will rebound....he's getting ready to lose his house.

What happens when interest rates go up to 8 or 9 percent eventually they will.
 
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