Open House Picks: Six Months Later
Comment: Mixed bag. Open House Picks 8/22/08 [Brownstoner] Previous Six Months Later Posts [Brownstoner]
Comment: Mixed bag.
Open House Picks 8/22/08 [Brownstoner]
Previous Six Months Later Posts [Brownstoner]
I have no idea Mopar. Do you think so?
As I mentioned earlier, I don’t really care where prices go anymore. I’m not moving anytime soon.
“Foresight to do so, chicken et al…. your hindsight is truly amazing though.. I knew my condo was at a bubble price. it was the right thing to do. I don’t owe any of you an apology for having made real estate gains.
I’ve never been critical to those that seem not to be able to afford unless they behave like these assholes here.”
Posted by: daveinbedstuy at February 27, 2009 5:46 PM
I think I’ve posted enough on Brownstoner to demonstrate that I am a rational thinker and (in my opinion) a relatively balanced commentator. Yet you seem to consistently lump me in with the “haters”.
I was not criticising your choice to realise a gain on your previous property – I have done the same myself on several properties in the UK. My point was that not everyone is in the same boat as you.
My calculation was an example of what would previously have been considered pretty normal (10% deposit) and how the world now looks to them.
This makes for some sobering reading.
http://www.fiscalpolicy.org/PullingApartInNewYork_April2008.pdf
In order to afford the net $40k a year mortgage, a family would need gross income of c.$120k (assuming c.50% of post-tax income spent on housing). Per the above link, that would put you around the top 10% of household earners in New York. Just recognise that most people are not as lucky as you.
Whuh….I asked you yesterday what line of work you were in and got the assinine non-answer. You’re such a hypocritical piece of work it’s actually laughable.
Sunday’s the first of the month…the rent is due.
“Ok, so I’ll bite on this one. Los Angeles has seen drops of roughly 40-45% to date. Most people would agree that they are close to the end of their housing bust. Certainly closer than we are. Let’s say worst case scenario is that they lose 55-60% there total when all is said and done.”
NYC has also seen drops of roughly 40 % to date. Are we close to the end of our housing bust?
Whuh…I explained all that to you yesterday. I work primarily at night in the Asian markets. Its not surprising that you can’t remember something from one day to the next. We started to have a somewhat civil discussion and then you reverted back to your jackass personality.
DIBS hallmarks: No answer to simple, straightforward questions, and instead, a gratuitous insult. The voice of panic…
I only have a few minutes, so I don’t have time to pour over the HUNDREDS of nasty posts by the WHUH, but here are just a sampling:
“You’re a pathetic crew, really.”
“I really feel sorry for you, facing a life as an undercapitalized slumlord.”
“Dave, you are truly a horse’s ass”
“Dave isn’t “merely stating” anything. Dave is part of a chorus of asinine and self-serving puffery that landed us in this mess in the first place.”
“Again, you fail to see the nose on your own face, fool”
“If it acts like a jackass, and talks like a jackass…hey, Dave.”
“Dave: You don’t have to worry about me meeting any requirements for investing in your, or anyone’s, funds. You won’t survive this downturn, and I will, so be careful about presuming to the last laugh.”
“IronBalls: standing O. The What: You’re my hero. Dave: Don’t cry, we promise to invite you to our end of the world party.”
“QED: The day of the cocky slumlord is over. You know who you are.”
I could have continued for another 10 pages.
OK…done with the loons today.
You were all truly breathtaking today in your belief that the future will come true as you hope it will, that basically anyone who owns a home is screwed, and with some of you, your total inability to understand the basics of a mortgage.
I just hope you don’t go home and kick your dog.
Dave, from all the evidence, you come on here eight hours a day. You also pretend to be a hedge funder. QED.