slackmaster
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Mon Dec-22-08 12:02 PM
Response to Reply #13 |
| 21. The quoted estimate is definitely high, but I can't begin to guess by how much |
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The estimate assumes that every revolving equity line is maxed out. That is certainly not the case.
Sorry to hear about your situation. I hope you can keep up with the payments.
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| -Nearly 30 Percent of San Diego Mortgages Underwater |
MindPilot |
Dec-22-08 08:48 AM |
#0 |
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Luckily we only owe another 12K on ours. |
hobbit709 |
Dec-22-08 08:54 AM |
#1 |
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frightening |
xchrom |
Dec-22-08 08:54 AM |
#2 |
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Can't come back from that. |
Phred42 |
Dec-22-08 08:59 AM |
#3 |
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The putrid fruit of republiconomics |
SpiralHawk |
Dec-22-08 09:00 AM |
#4 |
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Fleeting "plus side" |
notesdev |
Dec-22-08 09:03 AM |
#5 |
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Yea... exactly!! nt |
Juneboarder |
Dec-22-08 11:48 AM |
#17 |
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People really should inspect the property before they buy. |
Warren Stupidity |
Dec-22-08 09:06 AM |
#6 |
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This is California |
XemaSab |
Dec-22-08 09:45 AM |
#9 |
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"Is it on fire?" |
MindPilot |
Dec-22-08 02:11 PM |
#31 |
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What were they thinking... |
4dsc |
Dec-22-08 09:15 AM |
#7 |
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That's exactly the situation in my neighborhood |
MindPilot |
Dec-22-08 02:21 PM |
#32 |
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a third is overwhelming number |
tomm2thumbs |
Dec-22-08 09:18 AM |
#8 |
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It's a "gee whiz" number and probably far from accurate |
slackmaster |
Dec-22-08 09:56 AM |
#11 |
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As someone who works with real estate data, I have to point out a likely flaw in that figure |
slackmaster |
Dec-22-08 09:55 AM |
#10 |
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I'm sorry, but you're kidding yourself |
PSPS |
Dec-22-08 10:40 AM |
#12 |
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My situation is not the point at all |
slackmaster |
Dec-22-08 12:03 PM |
#23 |
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sorry but I don't trust a damn thing a realtor says |
happylib |
Dec-22-08 01:32 PM |
#30 |
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What was said by what realtor to prompt your response? |
slackmaster |
Dec-22-08 03:01 PM |
#36 |
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Great points: Your last line should include that a lot of stupid people |
Ozma |
Dec-23-08 03:51 PM |
#48 |
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The smart ethical ones are driven out, it's cocktail-partying that counts. |
Waiting For Everyman |
Dec-23-08 04:13 PM |
#50 |
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Thanks for the analysis. |
wolfgangmo |
Dec-22-08 10:47 AM |
#13 |
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The quoted estimate is definitely high, but I can't begin to guess by how much |
slackmaster |
Dec-22-08 12:02 PM |
#21 |
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Well good for those that bought in 1994 |
4dsc |
Dec-22-08 11:51 AM |
#18 |
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Being under water is not important if you can keep up with the payments |
slackmaster |
Dec-22-08 12:05 PM |
#25 |
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Your "debt load" isn't the point. |
Ozma |
Dec-23-08 03:54 PM |
#49 |
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You are missing the point - I guess using my situation as an example was a mistake |
slackmaster |
Dec-23-08 04:22 PM |
#52 |
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SANDY EGGO... home of California GOP Base---> Bwahahaha! Duke Cunningham...SWIM U CROOKS!!! |
happygoluckytoyou |
Dec-22-08 11:33 AM |
#14 |
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We aren't all crooks down here!! |
Juneboarder |
Dec-22-08 11:51 AM |
#19 |
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Right! I lived there in the 90's and I found SD City and County to be wonderful |
Ozma |
Dec-23-08 04:20 PM |
#51 |
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Actually San Diego county went blue just before the election |
MindPilot |
Dec-22-08 02:29 PM |
#33 |
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Excuse me... |
YvonneCa |
Dec-22-08 10:41 PM |
#44 |
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San Diego is a conservative area, so a lot of Bush true believers .... |
hadrons |
Dec-22-08 11:34 AM |
#15 |
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SD is a conservative county |
Juneboarder |
Dec-22-08 11:53 AM |
#20 |
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San Diego County voted No on Proposition 8 |
slackmaster |
Dec-22-08 12:04 PM |
#24 |
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Its mostly politically conservative, not so much socially |
hadrons |
Dec-22-08 04:02 PM |
#40 |
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One of our new gay council members is a Republican |
slackmaster |
Dec-22-08 04:51 PM |
#41 |
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Which one? |
MindPilot |
Dec-22-08 05:09 PM |
#42 |
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Carl DeMaio is a gay GOPer, District 5 |
slackmaster |
Dec-22-08 05:23 PM |
#43 |
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So are a lot of Democrats. n/t |
YvonneCa |
Dec-22-08 10:42 PM |
#45 |
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Ouch! |
Juneboarder |
Dec-22-08 11:47 AM |
#16 |
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"If you sell right now you're by definition either distressed or stupid" is a crock of shit. |
truthisfreedom |
Dec-22-08 12:02 PM |
#22 |
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HaHaHaHa!!! |
Juneboarder |
Dec-23-08 04:23 PM |
#53 |
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Remember the $500k SLUM House? What a Shock |
Crisco |
Dec-22-08 12:06 PM |
#26 |
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Please, the word "slum" is so, well, like, not cool. |
MindPilot |
Dec-22-08 02:35 PM |
#35 |
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I bought in 2002, no 2nd, and I'm underwater |
tomhayes |
Dec-22-08 12:29 PM |
#27 |
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You did nothing wrong |
slackmaster |
Dec-22-08 12:41 PM |
#28 |
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$189,262 > $204,000 |
tomhayes |
Dec-22-08 03:22 PM |
#37 |
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Ouch |
slackmaster |
Dec-22-08 03:24 PM |
#38 |
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We have been "underwater" several times in our house |
SoCalDem |
Dec-22-08 02:32 PM |
#34 |
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If you can afford a house on one income, you are not ever |
Ozma |
Dec-23-08 04:30 PM |
#58 |
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I ended up with mine as the outcome of a divorce |
slackmaster |
Dec-23-08 04:37 PM |
#60 |
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"underwater" from the standpoint of the house being "worth" less than one owes |
SoCalDem |
Dec-23-08 05:40 PM |
#65 |
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You didn't do anything wrong |
Abq_Sarah |
Dec-22-08 03:55 PM |
#39 |
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Thanks, for helping me to explain to other why I moved to frigid Portland last month.... |
calipendence |
Dec-22-08 01:30 PM |
#29 |
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This is probably not as horrible as the fearmongers would like it to sound |
PurityOfEssence |
Dec-23-08 02:23 PM |
#46 |
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Hey, I gots an idea, why don't you STFU about things you don't know |
tomhayes |
Dec-23-08 03:34 PM |
#47 |
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Tell you another story.... |
WriteDown |
Dec-23-08 04:26 PM |
#54 |
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Hey dummy, I want to read more |
tomhayes |
Dec-23-08 04:28 PM |
#57 |
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No.... |
WriteDown |
Dec-23-08 04:34 PM |
#59 |
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How about, um, greater than or equal to 0% |
tomhayes |
Dec-23-08 04:40 PM |
#61 |
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You're off on a lot of points? |
WriteDown |
Dec-23-08 04:54 PM |
#62 |
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Says you |
tomhayes |
Dec-23-08 05:09 PM |
#63 |
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What condo is worth 330K? |
WriteDown |
Dec-23-08 05:15 PM |
#64 |
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Um, tomhayes is right. |
Waiting For Everyman |
Dec-23-08 06:40 PM |
#66 |
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Who needs to sell? |
WriteDown |
Dec-23-08 09:58 PM |
#67 |
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Anybody who sells in less than 30 years is a flipper, huh? |
Waiting For Everyman |
Dec-24-08 08:16 AM |
#68 |
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No.... |
WriteDown |
Dec-24-08 08:54 AM |
#69 |
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Great post! Yes, there's always a few here who don't know |
Ozma |
Dec-23-08 04:26 PM |
#55 |
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I see something nauseating in somebody's character too. |
Waiting For Everyman |
Dec-23-08 04:27 PM |
#56 |
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