Dear folks who wish you owned your own home

BoyGenius

Cyber Bully Victim
It's not stupid to do anything appropriate to your circumstances. There are just a few people here that cannot accept that others have made good financial decisions that do not reflect their own experience :shrug:

That's great news. All the folks that made stupid decisions are counting on you few geniuses that keep bragging about how smart your are about homeownership to bail them out.

Get your check in the mail today, they need it now!

:popcorn:
 

jetmonkey

New Member
That's great news. All the folks that made stupid decisions are counting on you few geniuses that keep bragging about how smart your are about homeownership to bail them out.

Get your check in the mail today, they need it now!

:popcorn:

my irony meter assplodes
 

Baja28

Obama destroyed America
That's great news. All the folks that made stupid decisions are counting on you few geniuses that keep bragging about how smart your are about homeownership to bail them out.

Get your check in the mail today, they need it now! :popcorn:
Sorry charlie, you renters will pay too! The difference is we'll own our home and not have payments.

Whereas you'll just keep paying and paying and paying and paying and paying and paying and paying and paying and paying and paying and paying and paying and paying and paying and paying and paying and paying and paying and paying and paying and paying and paying and paying and paying and paying and paying and paying and paying and paying...... get ma drift??
 

BoyGenius

Cyber Bully Victim
Sorry charlie, you renters will retire richer! The difference is people like me, we'll always believe we'll own our home and not the bank.

Whereas you'll just keep socking money away in your savings account as the homes around me go into foreclosure, and I'll just keep saying blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah,...... get ma drift??

:popcorn:
 

somdrenter

Sorry, I'm not Patch...
Sorry charlie, you renters will pay too! The difference is we'll own our home and not have payments.

Whereas you'll just keep paying and paying and paying and paying and paying and paying and paying and paying and paying and paying and paying and paying and paying and paying and paying and paying and paying and paying and paying and paying and paying and paying and paying and paying and paying and paying and paying and paying and paying...... get ma drift??
Straw man
A straw man argument is an informal fallacy based on misrepresentation of an opponent's position.[1] To "attack a straw man" is to create the illusion of having refuted a proposition by substituting a superficially similar proposition (the "straw man"), and refuting it, without ever having actually refuted the original position.
 

smilin

BOXER NATION
I'll tell you one thing I would change that would make it real easy to spot the crooks in the future: I would make it a requirement that each deed and loan contract on the Maryland online land records had the name of the appraiser, the amount of the appraisal, the name of all real estate agents involved, and the company and name of the mortgage brokers involved.

If you had that kind of data to look at the crooks would be dead in the water.

:popcorn:

Been to a settlement lately?
Guess not with an out of date statement like this.
You want it online, contact your local government.
 

somdrenter

Sorry, I'm not Patch...
Been to a settlement lately?
Guess not with an out of date statement like this.
You want it online, contact your local government.
If the statement is out of date, why would it be necessary to contact the local government to get it online?
 

Baja28

Obama destroyed America
See you're very confused. I just paid off my home at 47. I own it, not the bank. All that $$ that was going to the bank now goes into my savings acct. Yours keeps going to your landlord. Not only that, I have a nice equity line available to me (with tax write offs) should I like to use it. :yahoo:

So if you're that delusional to think you can "sock away money", I won't even feel sorry for ya when reality sets in. :poorbaby:

Who's better off? :popcorn:
 

Baja28

Obama destroyed America
Straw man
See post 289.

And remember, rent is due the first of the month. That's about a week away.

Myself, I'm going to take that payment I used to send to the bank and drop in in the "Mikey wants a new toy" fund. :lmao:
 
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BoyGenius

Cyber Bully Victim
Not sure if anyone has mentioned it, but between 1990 - 2000, average home prices in Maryland fell 1.1%.

I think it's unrealistic to think homes are going to once again become everyone's personal winning lotto ticket.

I noticed this one this morning while looking at a listed property. Drives home your point of price stagnation.

Bought in 1991 for $178,210 and sold in 1999 for $178,000. When you consider that most of the interest on a 30 year loan is loaded into the first ten years, you could possibly end up writing a check to pay the sales commissions and transfer fees in a scenario such as this if you used 100% financing such as a VA or FHA loan.

:coffee:
 

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smilin

BOXER NATION
See you're very confused. I just paid off my home at 47. I own it, not the bank. All that $$ that was going to the bank now goes into my savings acct. Yours keeps going to your landlord. Not only that, I have a nice equity line available to me (with tax write offs) should I like to use it. :yahoo:

So if you're that delusional to think you can "sock away money", I won't even feel sorry for ya when reality sets in. :poorbaby:

Who's better off? :popcorn:

You beat me by a year! I pay $2000 (tax) a year to live in my horrible investment.
My car is paid off too.
Maybe if I paid rent I could be better off?
:popcorn:

BTW - at settlement, the agents were required to sign and loan officers had to be disclosed. Appraisers? Banks hire them, buyers pay them, nobody is allowed (now) to contact them.
I agree though, it should all be posted on a public site.
 

somdrenter

Sorry, I'm not Patch...
See post 289.

And remember, rent is due the first of the month. That's about a week away.

Myself, I'm going to take that payment I used to send to the bank and drop in in the "Mikey wants a new toy" fund. :lmao:
And I’m going to use the money I saved by renting, to add to my current down payment funds for a well cared for foreclosure….or maybe this month we’ll take a trip out west…..or maybe I too will add it to the toy fund…what’s your point Mike?? Do you not believe there was a housing bubble? Do you simply not believe that Tax Payers are bailing out homeowners? Your current comments do not reflect the reality that has come to light in the last few months. Sure, 12 months ago I could somewhat understand the “tin foil hat” comments, but now, with the trillions the government is dolling out to pay for this mess? Come on Mike…something went awry..care to pontificate or just continue with the Jr. High antics?
 

somdrenter

Sorry, I'm not Patch...
BTW - at settlement, the agents were required to sign and loan officers had to be disclosed. Appraisers? Banks hire them, buyers pay them, nobody is allowed (now) to contact them.
I agree though, it should all be posted on a public site.
If no one is allowed to contact them...how are the appraisals being scheduled?
 

BoyGenius

Cyber Bully Victim
You beat me by a year! I pay $2000 (tax) a year to live in my horrible investment.
My car is paid off too.
Maybe if I paid rent I could be better off?
:popcorn:

BTW - at settlement, the agents were required to sign and loan officers had to be disclosed. Appraisers? Banks hire them, buyers pay them, nobody is allowed (now) to contact them.
I agree though, it should all be posted on a public site.

So at first you dissed me for making that statement, but now you agree with me?

:confused:

Here's my logic: if all that data is public it would serve as the equivalent of a neighborhood watch. Just like the cops can't be everywhere and get the citizens to help report crime, the housing industry could be policed much the same way, but that can be accomplished only if the information is available for viewing.

We all know the savvy neighbors look at the property records of new buyers in a neighborhood out of sheer curiosity anyway.
 

BoyGenius

Cyber Bully Victim
And I’m going to use the money I saved by renting, to add to my current down payment funds for a well cared for foreclosure….or maybe this month we’ll take a trip out west…..or maybe I too will add it to the toy fund…what’s your point Mike?? Do you not believe there was a housing bubble? Do you simply not believe that Tax Payers are bailing out homeowners? Your current comments do not reflect the reality that has come to light in the last few months. Sure, 12 months ago I could somewhat understand the “tin foil hat” comments, but now, with the trillions the government is dolling out to pay for this mess? Come on Mike…something went awry..care to pontificate or just continue with the Jr. High antics?

I'd love to hear where in the historic sales cycle (high prices or low prices) that all these braggarts made their purchases. They didn't mind leading the 2006/2007 buyers to the slaughterhouse with their "buy now, at any price" comments, did they?

:popcorn:
 
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