About CDon

CDon


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In United States
Registered Mar 08, 2012

CDon's most recent comments:

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

    bubblesitter says

    CDon says

    And again, that pullback will be so severe as to put nominal prices below 2014 values, and paying whatever amount of rent in the interim so as to justify waiting - yes?

    yes and yes. Why would I block my earnest money and not have any gains on it? Go revisit your rent vs buy math cuz I have and concluded that for my financial situation buying never makes sense, it is a money pit, home is a place to live and enjoy - nothing more.

    And there it is. There is your true motivation (my boldface of your comment) - you are not a bubble-sitter... you are a perma-sitter. There is nothing wrong with that BTW for some people given their risk tolerance & location, it will never make sense to buy. Again no problem there.

    The problem is we are not all like you. For every person in your situation - there is another for which buying does make sense. Yet, given that they continue to hear a great CRASH is just around the corner, they continue to wait - and why wouldn't they? Sure they could easily afford 500K now. But why risk it when others here are certain that same place will be 420K soon?

    So again, if that is your personal situation and it will never make sense for you then that is fine. If I may, may I suggest that you recongnize that you simply say "I cant afford it" shrug your shoulders and go out and live your life...OR if you really like being here - espouse the virtues of lifetime renting for some. That said, it is incredibly irresponsible to come here and continue to spout of your opinion (presented as some sort of axiomatic fact BTW) that if they wait juuuuuust a little longer, a magnificent CRASH will come such that the long time sitters will be richly rewarded.

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

    bubblesitter says

    CDon says

    So we can put you on record then? Are you saying to the sitters that do not want to pay say 500K in 2014, if they wait 3 more years until 2017, they will see nominal prices far below 500K so as to justify waiting?

    It could be sooner then 2017. If not then there is a pullback in price by 2017.

    And again, that pullback will be so severe as to put nominal prices below 2014 values, and paying whatever amount of rent in the interim so as to justify waiting - yes?

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

    bubblesitter says

    2017 is year of housing collapse like the last one. So get out from RE by then.

    So we can put you on record then? Are you saying to the sitters that do not want to pay say 500K in 2014, if they wait 3 more years until 2017, they will see nominal prices far below 500K so as to justify waiting and paying whatever amount of rent in the interim?

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