About EastCoastBubbleBoy

EastCoastBubbleBoy


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In United States
Registered Apr 28, 2007

humble, self-depreciating, and damn good looking!

EastCoastBubbleBoy's most recent comments:

  • On 20 Apr 2014 in Happy Easter, EastCoastBubbleBoy said:

    Just want to wish y'all a happy Easter.. and a belated Blessed Passover to our Jewish brethren as well.

  • On 18 Apr 2014 in Five groups that lie about the housing market, EastCoastBubbleBoy said:

    Back to the OP - I'll disagree with 3 and 4.

    Appraisers need to appraise out at a number that will meet the loan, or else they won't get work from the banks. There were stories of this from before the bubble deflated the 1st time - not sure if it still goes on.

    To a credit worthy applicant, banks will lend as much as they think they can get away with. More money = more interest in their pockets. If I bought a house based on what I was preapproved for, I'd be in a McMansion without enough money to heat it. Even with regulation, it amazes me how much one is expected to spend on housing. Since most buy what they can finance, not what they can afford, its no wonder that prices have recovered as well as they have.

    @E-man. I wasn't waiting by design - I just kept getting outbid because once I put a value on something, I tend to stick to it. That and my wife is very selective (in a good way).

    I try and see the world as it is, not as I want it to be.

    Not being able to beat the competition, I got aggressive on a bank owned property and kept the competition at bay. The process was a min-soap opera, as my many posts from that time attest to, but it all worked out well in the end.

  • On 18 Apr 2014 in Five groups that lie about the housing market, EastCoastBubbleBoy said:

    Next big crash will be October 18, 2016.
    You heard it here first.

    Disclaimer: This is not meant to be legal, financial or other advice and is for entertainment purposes only. Patrick.net, its employees, friends, associates neither support nor refute the above statements. Permabears, permabulls, and all in between are free to make their own decision as to how to spend their money, when and on what.

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