tag:blogger.com,1999:blog-2983944778720243687.post182643422137106833..comments2023-11-05T04:24:01.807-08:00Comments on Westside Bubble: Low-end north of Montana (2)Westside Bubblehttp://www.blogger.com/profile/03383559105050069002noreply@blogger.comBlogger47125tag:blogger.com,1999:blog-2983944778720243687.post-1452241255181796202009-09-17T16:37:44.578-07:002009-09-17T16:37:44.578-07:00Pick wisely my friend, and set the right expectati...Pick wisely my friend, and set the right expectations.<br /><br />Nothing worse than a lower grade package with high expectations. Makes you want to pull certain beleagured spouses aside and say you take that from THAT?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2983944778720243687.post-83469247184951796952009-09-17T16:24:46.673-07:002009-09-17T16:24:46.673-07:00Good one.Good one.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2983944778720243687.post-80056756855544157842009-09-17T15:42:53.368-07:002009-09-17T15:42:53.368-07:00"But what if I like attractive women?"
..."But what if I like attractive women?"<br /><br />Easy - downgrade their expectations, or be prepared for a perpetually downgraded life :)Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2983944778720243687.post-51108803361239398622009-09-17T14:21:47.456-07:002009-09-17T14:21:47.456-07:00"And, better luck next time around picking so..."And, better luck next time around picking someone with a higher level of self-worth and independent thinking."<br /><br />But what if I like attractive women?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2983944778720243687.post-44421809613417877892009-09-17T14:05:18.603-07:002009-09-17T14:05:18.603-07:00A spouse should dump the other half that prioritze...A spouse should dump the other half that prioritzes immediate 'ownership vanity' over the long-term financial security of the relationship. <br /><br />And, better luck next time around picking someone with a higher level of self-worth and independent thinking. <br /><br />For those stuck in the rush to buy zone, sorry, but both of you are to blame. Blaming the other partner is a weak play, and is actually more unbecoming to the accuser than the accused.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2983944778720243687.post-67331269711375400432009-09-17T12:05:04.602-07:002009-09-17T12:05:04.602-07:00Most men are defined by their careers. A certain ...Most men are defined by their careers. A certain percentage of women (I'm not saying all or even most) look to something like a fancy home to define them. If that reality makes me a sexist, then so be it.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2983944778720243687.post-2216848929047341802009-09-17T10:10:52.558-07:002009-09-17T10:10:52.558-07:00Yes - people are people, most people are subject t...Yes - people are people, most people are subject to the madness of crowds. But all of us know that some people are more sensitive to peer pressure than othersAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-2983944778720243687.post-3173448853479089762009-09-17T09:56:34.068-07:002009-09-17T09:56:34.068-07:00I'm not actually blaming the bubble on women. ...I'm not actually blaming the bubble on women. That would be ludicrous. I'm blaming the weakness several of my friends have for their wives' desires for their buying of homes at the peak or from the peak until today. I actually have a female friend who insisted to her husband that they should wait and he insisted back that they must "own property" or else they are just useless renters. Well, they bought a mediocre condo in 90403 in 2007. It goes both ways, but I would guess that when it comes to mistimed buying pressure there is more coming from the soon-to-be-moms than from the soon-to-be-dads.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2983944778720243687.post-52418529618009011712009-09-17T09:43:21.175-07:002009-09-17T09:43:21.175-07:00I can't believe how sexist this thread has bec...I can't believe how sexist this thread has become. The real estate bubble like all bubbles was driven by greed and the unrealistic belief that real estate (or some other commodity) will go up and up forever. This belief was held by both men and women. Seriously, do you believe only women bought into the bubble? What about all the CEOs, hedge fund mangers, real estate developers etc. who are mostly if not all male. <br /><br />This bubble is no different then the tech bubble or even the original tulip bubble---are you telling me that those bubbles were also because women nagged their husbands?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2983944778720243687.post-35881681387395518432009-09-17T08:49:02.003-07:002009-09-17T08:49:02.003-07:00Let the people who think we've hit bottom buy ...Let the people who think we've hit bottom buy homes. I do not need more competition when we are actually at the bottom. There will be plenty of homes for sale at that time.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2983944778720243687.post-164874210559780972009-09-17T08:13:46.272-07:002009-09-17T08:13:46.272-07:00I agree with you. Look at the records of the new b...I agree with you. Look at the records of the new builds that sold North of Montana in 2005 and 2006. Typical story is, house sold for 4.0 million, the husband and wife put down 800 thousand and borrowed 3.2 million<br /><br />Today, if they have to sell, they sell the house for 3.0 million. They lose their entire 800 thousand down payment.<br /><br />I have been watching carefully because I am also getting relentless pressure to move North of Montana, East of 16th. Just need to plug my earsAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-2983944778720243687.post-30742993604293557502009-09-17T07:06:15.940-07:002009-09-17T07:06:15.940-07:00"Let me guess--you're not married. Get ma..."Let me guess--you're not married. Get married, and then lecture us about how it's possible to win when you come home totally spent after spending all day in negotiations and meetings, only to be nagged to death by someone that's been waiting all day for you to hear the latest complaints."<br /><br />Wrong, I am married, but I am a man, not a weak pansy who caves in under the "pressure" of a little nagging. My wife has been on my a$$ for years to move up, even though we already own a house in SM, but I knew if we bought in 2005 we'd end up 40% underwater and that would lead to a divorce, so I dealt with the nagging. <br /><br />We just looked at a house two days ago that is a distressed sale, the sellers are going to lose their almost $1 million down payment, and the wife showed up as we were leaving the showing and was beyond pissed. The relitter also told us she's taking a bunch of the fixtures with her- apparently as mementos of the life to which she's become accustomed. I'm so glad I'm a man and not a pansy like that guy who bought in 2005 to appease his wife. Now he's broke and will probably dump the wife or be dumped.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2983944778720243687.post-26414517622047063542009-09-16T22:04:13.971-07:002009-09-16T22:04:13.971-07:00All this news in the paper about the RE bottom bei...All this news in the paper about the RE bottom being behind us....I fear it will bring out the folks who were on the fence about buying.....thinking they need to get in to avoid price increases...<br /><br />damn mediaAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-2983944778720243687.post-18276629062484535162009-09-16T21:53:18.053-07:002009-09-16T21:53:18.053-07:00Yes, but don't blame the spouses. They get pee...Yes, but don't blame the spouses. They get peer pressure and preseure from their parents etc. It is not like the spouse just picks up this idea out of the blue - it is coming at the spouse from all sides.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2983944778720243687.post-58225615693734942592009-09-16T12:47:26.235-07:002009-09-16T12:47:26.235-07:00"Yeah yeah, all the men who bought 2 years ag..."Yeah yeah, all the men who bought 2 years ago are smart and saw the housing bubble from a mile away, but they chose to commit financial suicide because they couldn't listen to their wives any longer."<br /><br />Let me guess--you're not married. Get married, and then lecture us about how it's possible to win when you come home totally spent after spending all day in negotiations and meetings, only to be nagged to death by someone that's been waiting all day for you to hear the latest complaints. If that spouse works, it's actually even worse because they feel even more entitled. <br /><br />Bottom line is, when one spouse gets the "nesting" feeling, they instinctually think buying is better than renting no matter what, as if it somehow bonds the relationship, and then there is no way to overcome day after day of talking about it and looking at listings. <br /><br />Thank goodness mine has an uncommon amount of common sense and I've been able to show her very convincingly why we are still just beginning to correct for the Bubble in the Westside. Spouse now understands that we're looking at about 20-30% declines, and we're far better off just renting something really nice as the housing market corrects over the next couple of years.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2983944778720243687.post-6648421076710512142009-09-16T12:33:14.540-07:002009-09-16T12:33:14.540-07:00I loved the estrogen recession article. Very true...I loved the estrogen recession article. Very true stuff. Bt give the nagging spouses credit. In Santa Monica, nagging your spouse to buy a house North of Montana has been a huge source of wealth for 40 years. Since 1970, almost everyone that bought N of Montana and held to retirement has made a killing. Plenty of old people there now w 2 million in equity.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2983944778720243687.post-72309186447661704122009-09-16T11:52:04.767-07:002009-09-16T11:52:04.767-07:00Yeah yeah, all the men who bought 2 years ago are ...Yeah yeah, all the men who bought 2 years ago are smart and saw the housing bubble from a mile away, but they chose to commit financial suicide because they couldn't listen to their wives any longer. <br /><br />Then again, we do live on the westside, epicenter of the pansy metrosexual...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2983944778720243687.post-58395430421463187552009-09-16T06:45:15.430-07:002009-09-16T06:45:15.430-07:00There should be a video link in the "estrogen...There should be a video link in the "estrogen recession" article. <br /><br />Video is of a realtor teaming up with one spouse to bully and bludgeon the reluctant spouse <br /><br />Watch the video - there is a lot of truth in itAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-2983944778720243687.post-33638713044709659832009-09-15T23:48:12.715-07:002009-09-15T23:48:12.715-07:00Great thread.
First, I am a doc, a surgical sub...Great thread. <br /><br />First, I am a doc, a surgical subspecialist, and no one is selling a practice for 8m. That would also be a very tall order for an outpatient surgery center. It would have to be very big and no doubt that money would be split between many partners.<br /><br />But I digress. The whole nagging to buy a house hits a chord. I have been slow playing the whole home search but I am getting hammered by my pregnant wife for it. CrazyAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-2983944778720243687.post-74817245308565451932009-09-15T15:46:15.368-07:002009-09-15T15:46:15.368-07:00I'm most saddened by my friends who were nagge...I'm most saddened by my friends who were nagged into buying a mid century vintage apartment with a recent condo map and poorly structured HOA. Those guys are f**ked.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2983944778720243687.post-6913897807064607902009-09-15T15:44:44.726-07:002009-09-15T15:44:44.726-07:00estrogen recession, that's great stuff. Fortu...estrogen recession, that's great stuff. Fortunately I married a real estate developer in a downturn, so I don't get that pressure. Yet.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2983944778720243687.post-75323688773618276132009-09-15T14:45:53.795-07:002009-09-15T14:45:53.795-07:00"one friend I have who has jumped into the Sa..."one friend I have who has jumped into the Santa Monica housing market in the last two years (others have purchase elsewhere). What could it be? He was pressured by his wife who insisted that you need to own a home before having a baby"<br /><br />SO true. More than half of my friends who purchased near the very top were basically either pushed to do so or nagged to death by a spouse (I'm keeping this gender neutral by the way). These are very smart, sophisticated thinkers who definitely know better. Unfortunately, try reasoning with a pea-brained spouse that gets an obsession about "owning" as if that is anything other than paying rent to the bank. No amount of reason can surmount relentless nagging.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2983944778720243687.post-6754340060664844482009-09-15T13:50:32.008-07:002009-09-15T13:50:32.008-07:00go to
http://www.takimag.com/article/the_estrogen...go to <br />http://www.takimag.com/article/the_estrogen_recession/<br /><br />or google Takimag estrogen recession<br /><br />Your friend's story is very common as the article on Takimag explainsAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-2983944778720243687.post-52000097679722932602009-09-15T08:06:16.737-07:002009-09-15T08:06:16.737-07:00Its all about not wanting to miss the boat...Its all about not wanting to miss the boat...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2983944778720243687.post-14823298408997226462009-09-15T07:31:55.878-07:002009-09-15T07:31:55.878-07:00I'm sure that line is fit using a built in exc...I'm sure that line is fit using a built in excel algorithm, so it' probably not arbitrary. Westside is better than that. That said, because of the few sales that actually occur it's always hard to have reliable analyses. It looks strong enough to me to suggest a strong trend down. <br /><br />About the comment above where people are projecting. That's pretty true and is the nature of most threads, but all I can offer is to cite the decision process of the one friend I have who has jumped into the Santa Monica housing market in the last two years (others have purchase elsewhere). What could it be? He was pressured by his wife who insisted that you need to own a home before having a baby. I've seen that reason happen a lot. The funny thing about my friend, however, is that he was renting a three bedroom on a nicer street before buying a two bedroom.Woosterhttps://www.blogger.com/profile/01373096624094744181noreply@blogger.com