04-15-2011 08:15 AM
@ykovelman - I'd be interested to hear why you didn't decide to buy in December 2007. Was it because you felt that the prices were too high or something else?
04-15-2011 08:56 AM
@AdamBray - Adam typically I would say, is this a serious question?, however I would be happy to point you to the following thread on Trulia, if you have the patience to read it, you will have all the answers to your question.
04-15-2011 12:46 PM
04-15-2011 02:19 PM
@ykovelman - I know plenty about the housing downturn but I wonder what made you step back and decide it wasn't the right time for you personally. Are you YEV on that site?
04-16-2011 04:32 AM
Greed is purchasing a home with a 'No Doc', Interest Only loan, with no money down and knowing that you can't afford the payments once the loan re-sets. As much as I blame the banks for this crisis, I hold the Real Estate industry equally responsible as your group was actively pushing and lobbying for this type of irresponsible lending (not to mention the BS appraisals your group made happen).
Are you going to tell me that you didn't go along with this type of behavior during the 'boom'? I am sure you sold lots of homes to people during that time that you knew wouldn't be able to afford them over the long-term.
Sorry buddy.....you were just as much of the problem as the banks and you continue singing the same song. When will you learn????!!!!!!
04-16-2011 08:11 AM
@Ykovelman - Are you thinking that now is the time for you to buy a home for your family? Based on the note in the trulia discussion it seems as if you are waiting for pricing to be at or below 2001 prices and that rent rates/mortgage costs are in line with each other. This has happened in some areas of the city already.