acpme said:
who are you talking about graph? the same person who said:
"Every dollar you pay in rent is 100% loss. Didn’t know house prices had dropped 100% already."
"the water you are drinking now is the exact same water someone took a dump on a few months ago."
"At those prices I’d buy 2. In the long run price will only go up."
"Those blimp hangars are an icon."
"For the millionth time, Tustin 92782 has BETTER demographics than Irvine."
"What’s Lanser?"
"Jealousy, that the homeowners are asian and the renters are not!"
"Just because *you* can’t afford a home doesn’t mean other people can’t. People that buy million dollar homes don’t live paycheck to paycheck. lol."
"Just because you finance something doesn’t mean you can’t afford it. There’s something called opportunity cost. When I didn’t have money I never understood it. Now that I have money I understand it. Rich people always finance things they *can* afford. The only difference in the past few years is poor people started financing things they can’t afford."
and of course, mystery of the housing bubble solved...
"Costs have gone up because things like granite counters and double vanity bathrooms have become standard."
Oh... those were some good ones, and since the Lakers are killing the Spurs like this guy shoots himself in the foot, here are some of my favorites...
jpmorganfunds Posted: 26 October 2007 08:02 AM:
"CFC stock is up 32.36% today."
Yup, and look at it now...
"Seems like some bitter renters that can’t afford a house at ANY price. "
"Asians pay cash for houses. That’s why you see so many asians in Irvine, because they can afford it and it’s why prices won’t drop."
Yeah... as IR2's data proves this statement to be one the more fictional ones he has made.
""you" cannot afford a Ferrari, yet there are still plenty of them out there, prices will not drop 50% just for "you""
Hey, he is kinda right here, but they are dropping 50% for everyone.
"graphix, have you ever negotiated anything before in your life? And do you know what you’re talking about?"
Nope, never even negotiated a car purchase, I just pay sticker, cuz that is what it is worth. And, no, I have no idea what I am talking about ever, as I have been wrong the last three years about housing. Oops, that must be some parallel universe. Eh... I just saw Indiana Jones, must have had an impact on me.
"
The argued point was about you trying to buy something you couldnt afford (RIGHT NOW) and trying to make the PRICE fit your affordability range. All I can say about this is GOOD LUCK!
Right on. This whole site is about bitter renters that are upset they got priced out FOREVER."
Here is my personal favorite, with my response in italics...
"Inflation only causes home values to rise."
Huh? In 1990 the median price for a home in OC was $257,300, and in 1996 the median price was $211,100, for a nominal decline of -19.33%. According to the BLS, SoCal’s inflation rate was up 15.9% in that same time frame, and not down. So, if inflation went up and homes prices went down, then in real terms home prices were down 35.22%.
Currently the median price for a SFR, according to DQ, is down -3%. And, yet Socal’s inflation is up 3.5%. Mmmm… if inflation is up, then why are home prices down?
Good stuff, good stuff I tell you.