Second Shoe Drops on Housing

[*T*]

Re: Second Shoe Drops on Housing

I had a 'first date' tonight with a girl who mentioned this - wanting to buy by the end of the year for the credit.

The *smart* thing to do would be to just smile and nod, but, well....I felt I had to say something. Is there a concise, bomb-proof way to knock some sense into such people without losing the opportunity for a future date?

Long-term, you want someone who is secure enough to just listen to your point of view without feeling threatened.

edit: sorry if that sounds condescending, just re-read it.

[audrey_girl]

Re: Second Shoe Drops on Housing

read this article posted from the Casey report, the gist of it is that we are in the eye of a CAT 5 hurricane and there is nothing we can do about it except run and take cover

warning: graphic material:


http://www.321gold.com/editorials/ca...sey052909.html

[don]

Re: Second Shoe Drops on Housing

My wife has been sharing what may be the ultimate Bad Decision. A co-worker's husband's job, not in real estate, has fallen on hard times and a 'friend' of theirs wants them to invest their nest egg in a real estate partnership venture. :eek::eek::eek:

My wife has given her a couple of iTulipian executive summaries on real estate...to No Avail. The delusional rube says its only one opinion of many. :rolleyes::eek:;)

[EricPhan]

Re: Second Shoe Drops on Housing

This mortgage reset chart might be the most current:

[Wild Style]

Re: Second Shoe Drops on Housing

Think of all the good looking gals that are soon to be homeless.....It gives a whole new meaning to, "would you like to go back to my place." In the absence of them having a "place" you are going to be beating them off with a stick!

Think of variations such as "Need a bath?" or "Eaten anything lately, I have a refrigerator."

Wheeeeee, this dating stuff is going to be so easy, I envy the future of you single guys....a c'est la vie, c'est la vie.

lol wow,

Ice water must pump through your veins.

*im going to steal this post and distribute it through out the internets*

[flintlock]

Re: Second Shoe Drops on Housing

Think of all the good looking gals that are soon to be homeless.....It gives a whole new meaning to, "would you like to go back to my place." In the absence of them having a "place" you are going to be beating them off with a stick!

Think of variations such as "Need a bath?" or "Eaten anything lately, I have a refrigerator."

Wheeeeee, this dating stuff is going to be so easy, I envy the future of you single guys....a c'est la vie, c'est la vie.

" Need a bath?" lol.

[metalman]

Re: Second Shoe Drops on Housing

that's an ok update to the original... Mortgage Swamp

[drumminj]

Re: Second Shoe Drops on Housing

Long-term, you want someone who is secure enough to just listen to your point of view without feeling threatened.

Agreed. I was mostly just having fun by posting my experience, but it really did happen. It's interesting that buying a house (home?) is such an emotional decision for some. If you dare challenge the "experts" (aka REALTORs), then you're a kook/being disrespectful. I just want other people to realize there are other perspectives and more information out there.

[Mashuri]

Re: Second Shoe Drops on Housing

Having just started a family (our first child was born 6 weeks ago) we're feeling the walls close in on us at our 2 bedroom apartment. I was hoping that the mid-high housing market would get most of its correction done by the end of Q1 2010 but that doesn't look like it's going to happen. Perhaps it's time to look into leasing a house for a couple years. :mad:

[Chomsky]

Re: Second Shoe Drops on Housing

Having just started a family (our first child was born 6 weeks ago) we're feeling the walls close in on us at our 2 bedroom apartment. I was hoping that the mid-high housing market would get most of its correction done by the end of Q1 2010 but that doesn't look like it's going to happen. Perhaps it's time to look into leasing a house for a couple years. :mad:

Or just get rid of unneeded stuff. My wife and I live with our 1-year-old in an 800-sq-ft 1BR apartment, works fine.

[ASH]

Re: Second Shoe Drops on Housing

Having just started a family (our first child was born 6 weeks ago) we're feeling the walls close in on us at our 2 bedroom apartment. I was hoping that the mid-high housing market would get most of its correction done by the end of Q1 2010 but that doesn't look like it's going to happen. Perhaps it's time to look into leasing a house for a couple years. :mad:

My wife and I moved from a rented apartment to a rented house about 2 years ago, when we decided to start a family. We ended up with over twice the space, plus better privacy, a garage, and a yard, for about a 40% increase in rental expenses (which is still only 15% of my gross salary). I think you will find that renting a house doesn't feel like renting an apartment, and that once you move into a larger rented space, you won't feel any urgent need to buy a house.

[zoog]

Re: Second Shoe Drops on Housing

My wife and I moved from a rented apartment to a rented house about 2 years ago, when we decided to start a family. We ended up with over twice the space, plus better privacy, a garage, and a yard, for about a 40% increase in rental expenses (which is still only 15% of my gross salary). I think you will find that renting a house doesn't feel like renting an apartment, and that once you move into a larger rented space, you won't feel any urgent need to buy a house.

I second this.

Thanks to the original poster for the link. I caught something about rates going up on Wednesday but was not sure how significant / widespread it was.

[plinko]

Re: Second Shoe Drops on Housing

My wife and I moved from a rented apartment to a rented house about 2 years ago, when we decided to start a family. We ended up with over twice the space, plus better privacy, a garage, and a yard, for about a 40% increase in rental expenses (which is still only 15% of my gross salary). I think you will find that renting a house doesn't feel like renting an apartment, and that once you move into a larger rented space, you won't feel any urgent need to buy a house.

I like your style. I'm single and my living costs are roughly the same for now, and already have a method of negotiation for extending my current lease (or possibly upgrading to a nicer apartment at a small premium).

[stealthcat]

Re: Second Shoe Drops on Housing

This chart indicates, perfectly, why there is no rush to buy in heavy ARM areas (California). I consider the majority of those loans to be the equivalent of "funny money", and until that is flushed out of the system, the market price will still be elevated above fair value. Looks like it will take until 2012 to get everything purged.

My only question is whether many of the foreclosures have accelerated the recast process significantly.

[rjwjr]

Re: Second Shoe Drops on Housing

I had a 'first date' tonight with a girl who mentioned this - wanting to buy by the end of the year for the credit.

The *smart* thing to do would be to just smile and nod, but, well....I felt I had to say something. Is there a concise, bomb-proof way to knock some sense into such people without losing the opportunity for a future date?

Now that you know how her mind works, use it to your advantage. I can think of all kinds of incentives you could offer (she could earn) for all kinds of...(how do I put this?)...promises...commitments...favors. Whatever you call it, you get the idea. (Yeah, I said it...trick her into sex, baby.)