Callista's Discussions

I hate to burst your bubble,...but it might not be realistic to think that you will be able to buy in SF making 50k a year. I'm sure that prices will fall there quite a bit, but Sf is a beautiful city and a big business hub. It is and probably always will be one of the most expensive places on EARTH.

I have to agree that there are many sellers still clinging to 2005 asking prices. It is the fact that asking prices are still to high that is keeping THIS buyer away however...not uncertainty.Sas maybe you don't remember when everyone who owned a home rubbed the rising values in everyone else's face. What geniuses they thought they were for having bought a house...and what an idiot I was for going to grad school instead. Now that prices are falling you'll forgive me if there isn't a tear in my beer.Back to the original post"For those on this Board that are convinced that there is a "train wreck" of the economy coming, liquidate your holdings, buy gold and drink good wine"I like that advice..and I am in gold stocks with BOTH FEET...have you taken a look at the Hui the last few years? Maybe you should follow that advice yourself as well. As for giving advice to buyers..I certainly try not to insult anyone. I just give the picture as I see it, and I have learned from comments on both sides..yes I listen to realtors sometimes too.

Alpine it is even stated in the article that this plan will do little or nothing in areas like California..which is what this thread is about. In any case a bailout is not going to close the gap between affordability and prices. Only falling prices or rising incomes will do that. Liar loans are history,..and so are the specuvestors..they were the only thing keeping the balloon inflated.What is a waste of time is Bush trying to buy votes for his party with this bailout plan. It is dishonest, at odds with conservative government philosophy, and SOOooo transparant.

Sas....being diversified can be a responsible way to handle your money. I am not diversified at all. Every penny I own is in gold stocks. I say this not to encourage others to make this risky move,..only to show that my money is where my mouth is. 100 percent.If I had taken records 3-4 years ago when I first started blogging on this subject and saying publicly that I thought housing prices were way out of whack, I could fill this discussion board with smug comments from homeowners. I was "just mad because I missed the boat", "envious of homeowners because I didn't have the guts to make the commitment myself", and "too poor to afford anything decent so {I} would just have to get a second job". It was there I promise you. So like I said...there's no tear in my beer.

Alpine I've decided to change my online picture in honor of your good nature and calm ability to look at both sides of the issue.

So guys....how do you flag SPAM again?

Go with hardwood..all the way. Laminate is sooooo chintsy.

If I were selling a home right now I would definately consider an auction. Most of them require that all persons who attend are qualified to buy,..and in addition you can set a reserve price. Even recently buyers have gotten into bidding wars (here in Ca) and paid over market for the homes...just because they got "caught up in the moment".As a potential buyer..I do not go to auctions for the exact same reasons I listed above.

That was "offensive"? Really?..cmon. Would the average person think so? Some people are just way too sensitive if you ask me.

Speaking of cutting interest rates...has the dollar fallen to the equal of the Canadian dollar yet? You'd think that might send up some red flags. How much lower is it going to go? German marks anyone?