Comments on: More NONSENSE from the CAR (Ca. Assoc Realtors) http://housingbubblecasualty.com/more-nonsense-from-the-car-ca-assoc-realtors/ Mortgage insiders view on mortgages, real estate, debt, and the housing bubble. site by SoCalMtgGuy, author of - Another F@CKED Borrower Tue, 07 Oct 2008 19:43:33 +0000 http://wordpress.org/?v=2.0.5 by: manga megamans hentai http://housingbubblecasualty.com/more-nonsense-from-the-car-ca-assoc-realtors/#comment-599536 Thu, 04 Sep 2008 18:46:36 +0000 http://housingbubblecasualty.com/more-nonsense-from-the-car-ca-assoc-realtors/#comment-599536 megamans manga hentai <a href="http://rollyo.com/hentai-megamans" rel="nofollow">manga megamans hentai</a> megamans manga hentai manga megamans hentai

]]> by: SoCalMtgGuy http://housingbubblecasualty.com/more-nonsense-from-the-car-ca-assoc-realtors/#comment-53305 Thu, 07 Dec 2006 08:25:27 +0000 http://housingbubblecasualty.com/more-nonsense-from-the-car-ca-assoc-realtors/#comment-53305 Rob Ranger... They get greedy and end up digging the hole even bigger for themselves. Leverage is great when things are booming...but it will crush you when going the other way. Not to mention what they are doing is illegal... SoCalMtgGuy Rob Ranger…

They get greedy and end up digging the hole even bigger for themselves. Leverage is great when things are booming…but it will crush you when going the other way.

Not to mention what they are doing is illegal…

SoCalMtgGuy

]]> by: Analysis Guy http://housingbubblecasualty.com/more-nonsense-from-the-car-ca-assoc-realtors/#comment-52194 Mon, 04 Dec 2006 21:08:03 +0000 http://housingbubblecasualty.com/more-nonsense-from-the-car-ca-assoc-realtors/#comment-52194 Today's report on Boston has been released on both my blog and our new website. History has shown us that Boston is a great indicator of what will happen here in California. <a href="http://www.thebubblebuster.com/" rel="nofollow">thebubblebuster.com</a> or <a href="http://homepricehistory.blogspot.com/" rel="nofollow">Daily Home Price Analysis</a> Today’s report on Boston has been released on both my blog and our new website. History has shown us that Boston is a great indicator of what will happen here in California.

thebubblebuster.com
or
Daily Home Price Analysis

]]> by: Rob Ranger http://housingbubblecasualty.com/more-nonsense-from-the-car-ca-assoc-realtors/#comment-51736 Mon, 04 Dec 2006 03:28:43 +0000 http://housingbubblecasualty.com/more-nonsense-from-the-car-ca-assoc-realtors/#comment-51736 SoCalGuy, I just came off the golf course with a friend of many years. His sister and husband live in the greater Sacramento area. My friend told me a friend of his sister and husband bought a home for 700K a few years ago and spent 150K fixing up the backyard with pools and waterfalls etc. Their intention was to flip a high end place for a sizeable profit. They now can not sell the place and have no money to pay the mortgage. Their idea to raise some short term cash is to buy another place for 700K and get the seller to have it appraised for 800K. Then pocket the 100K to make payments until it sells! I told my friend it was fraud and he said the guy trying to do this was a CHP Officer! How do people rationalize these actions? Rob SoCalGuy,
I just came off the golf course with a friend of many years. His sister and husband live in the greater Sacramento area. My friend told me a friend of his sister and husband bought a home for 700K a few years ago and spent 150K fixing up the backyard with pools and waterfalls etc. Their intention was to flip a high end place for a sizeable profit. They now can not sell the place and have no money to pay the mortgage. Their idea to raise some short term cash is to buy another place for 700K and get the seller to have it appraised for 800K. Then pocket the 100K to make payments until it sells! I told my friend it was fraud and he said the guy trying to do this was a CHP Officer! How do people rationalize these actions?

Rob

]]> by: SoCalRugger http://housingbubblecasualty.com/more-nonsense-from-the-car-ca-assoc-realtors/#comment-49979 Wed, 29 Nov 2006 23:21:06 +0000 http://housingbubblecasualty.com/more-nonsense-from-the-car-ca-assoc-realtors/#comment-49979 SOCALAPPRAISER - have been a big proponent of the disconnect for a while, and a housing bear for quite some time - so I'm not shocked by anything we're seeing in the marketplace - just the level of BS these guys will throw out to manipulate data and protect their BMW's and bling. Criminal if you ask me. I support nothing more than a nice pint of lager at the pub afterwards nowadays, but used to lock with a college back east and a stint with LARC a while back. Actually I likely pulled a muscle just hoisting a larger beer the other day so I'm far removed from the pitch it would seem. SOCALAPPRAISER - have been a big proponent of the disconnect for a while, and a housing bear for quite some time - so I’m not shocked by anything we’re seeing in the marketplace - just the level of BS these guys will throw out to manipulate data and protect their BMW’s and bling. Criminal if you ask me.

I support nothing more than a nice pint of lager at the pub afterwards nowadays, but used to lock with a college back east and a stint with LARC a while back. Actually I likely pulled a muscle just hoisting a larger beer the other day so I’m far removed from the pitch it would seem.

]]> by: Eugene T http://housingbubblecasualty.com/more-nonsense-from-the-car-ca-assoc-realtors/#comment-49954 Wed, 29 Nov 2006 21:05:36 +0000 http://housingbubblecasualty.com/more-nonsense-from-the-car-ca-assoc-realtors/#comment-49954 480K for a home in California?. I'll take 2 please. You can tell I'm from the bay area. If you haven't found this blog yet check it out. http://www.burbed.com/ These figures from CAR are laughable. Thanks for the breakdown based on the CAR numbers btw. /et 480K for a home in California?.

I’ll take 2 please. You can tell I’m from the bay area.

If you haven’t found this blog yet check it out.

http://www.burbed.com/

These figures from CAR are laughable.

Thanks for the breakdown based on the CAR numbers btw.

/et

]]> by: SOCALAPPRAISER http://housingbubblecasualty.com/more-nonsense-from-the-car-ca-assoc-realtors/#comment-49936 Wed, 29 Nov 2006 19:47:33 +0000 http://housingbubblecasualty.com/more-nonsense-from-the-car-ca-assoc-realtors/#comment-49936 SoCalRugger, Don't be amazed. The things some of us in the REIC get to see and hear every day is amazing, especially so over the last 5 year run up. The cracks are now apparent and the 07/08 flood of foreclosure / price reduction will make Katrina look like puddle. What club do you support your local hooker at? SoCalRugger,

Don’t be amazed. The things some of us in the REIC get to see and hear every day is amazing, especially so over the last 5 year run up. The cracks are now apparent and the 07/08 flood of foreclosure / price reduction will make Katrina look like puddle. What club do you support your local hooker at?

]]> by: BearCat http://housingbubblecasualty.com/more-nonsense-from-the-car-ca-assoc-realtors/#comment-49917 Wed, 29 Nov 2006 17:44:11 +0000 http://housingbubblecasualty.com/more-nonsense-from-the-car-ca-assoc-realtors/#comment-49917 Troy, Your rent vs buy is off because rents are significantly lower. I've looked at a lot of rentals in the SFBA, and a $535K house will rent for significantly less than $2100 - more like $1600/month. At $2100/month, the equivalent price is more like $700K. Troy,

Your rent vs buy is off because rents are significantly lower. I’ve looked at a lot of rentals in the SFBA, and a $535K house will rent for significantly less than $2100 - more like $1600/month. At $2100/month, the equivalent price is more like $700K.

]]> by: adopt-a-landlord http://housingbubblecasualty.com/more-nonsense-from-the-car-ca-assoc-realtors/#comment-49558 Wed, 29 Nov 2006 06:32:26 +0000 http://housingbubblecasualty.com/more-nonsense-from-the-car-ca-assoc-realtors/#comment-49558 Troy, Great calculations, but aren't you forgetting that if you buy now, your $535k asset may be worth $335k in a couple of years. That's an extra $8k/month. I think I'll stay with the rent option. :) Troy,

Great calculations, but aren’t you forgetting that if you buy now, your $535k asset may be worth $335k in a couple of years. That’s an extra $8k/month. I think I’ll stay with the rent option. :)

]]> by: anonymouse http://housingbubblecasualty.com/more-nonsense-from-the-car-ca-assoc-realtors/#comment-49555 Wed, 29 Nov 2006 06:27:11 +0000 http://housingbubblecasualty.com/more-nonsense-from-the-car-ca-assoc-realtors/#comment-49555 "That puts the cost of ownership at $2700/mo + maintenance & insurance vs. $2150/mo for renting. . ." Hmmm, yeah, right around the middle of the more appropriate range I gave. FWIW I'm renting for 1700/mo a house which is supposedly worth ~625k. Two houses down an identical unit sold for 624k in June. (Not near shopping, but very near beach and huge parks.) So, I suspect if you look around you will find situations where the math is even more skewed toward renting. Having said that, can someone explain to me why mortgage interest should be deductible? I've never understood that. If you are trying to give hard-working schmoes a break, why not make rent deductible, too? If you don't, isn't that effectively a regressive tax? Don't answer - I already know. It is a regressive tax, and it is unfair. The right and wrong about it is solved for most Americans by whether or not they gain $$$ from it, so pretty much it's defined as "good" by most of the American public. $$$ pretty much defines what is good and nothing else. If Americans were making money off their adventures in Iraq, then they'd be hailing Bush as a hero right now, not complaining about an ongoing quagmire. “That puts the cost of ownership at $2700/mo + maintenance & insurance vs. $2150/mo for renting. . .”

Hmmm, yeah, right around the middle of the more appropriate range I gave.

FWIW I’m renting for 1700/mo a house which is supposedly worth ~625k. Two houses down an identical unit sold for 624k in June. (Not near shopping, but very near beach and huge parks.) So, I suspect if you look around you will find situations where the math is even more skewed toward renting.

Having said that, can someone explain to me why mortgage interest should be deductible? I’ve never understood that. If you are trying to give hard-working schmoes a break, why not make rent deductible, too? If you don’t, isn’t that effectively a regressive tax?

Don’t answer - I already know. It is a regressive tax, and it is unfair. The right and wrong about it is solved for most Americans by whether or not they gain $$$ from it, so pretty much it’s defined as “good” by most of the American public. $$$ pretty much defines what is good and nothing else. If Americans were making money off their adventures in Iraq, then they’d be hailing Bush as a hero right now, not complaining about an ongoing quagmire.

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