Decline in Real Estate

[Kapohocat]

Up there in HAdave's area (HI Acres right?), pigs do fly - right across the hood of my car! Man, that area is inundated with piglets! And it isnt spring....

Does that make real estate decline?

Edited by - kapohocat on 11/20/2006 13:59:08

[HADave]

Holy Cunning-HAM CatGirl them HApiggies can sure be crafty.....Maybe your running into them thats ah leavin home on account of their pappy's are awful boars...)


Cat, did you ever notice if any were trailing a banner.....could be advertising for http://www.sendbread.com/main.htm ,
makes for deductably good vacation....)

Hey Goose, down Orchidland way them Wiley Pigs pose as lifeguards ""with water wings"" during rainy spells, just ask Hazen..)))


Aloha HADave

OK back to subject now



Edited by - HADave on 11/20/2006 15:02:13

Edited by - HADave on 11/20/2006 15:03:36

[jdirgo]

Being compared to a politician sucks. Really. I do acknowledge that prices have come down. But because I won't try to predict where things will go (and because, as I've said before, I don't care either way), I'm a politician.

Politician? You can be cruel, bystander.

John Dirgo, RA, ABR, e-PRO
Island Trust Properties, LLC
808-987-9243 cell
http://www.hawaiirealproperty.com

[John S. Rabi]

quote:

---

Being compared to a politician sucks. Really. I do acknowledge that prices have come down. But because I won't try to predict where things will go (and because, as I've said before, I don't care either way), I'm a politician.

Politician? You can be cruel, bystander.

John Dirgo, RA, ABR, e-PRO
Island Trust Properties, LLC
808-987-9243 cell
http://www.hawaiirealproperty.com

---

Don't worry John, the prices will go up, they always do, and who knows, maybe you will be the next Mayor. I remember when you could buy a house in Italy for 4M Lire, the same house is 40M Lire now.

Aloha,
John S. Rabi, ABR,CM,CRB,FHS,PB,RB
http://www.JohnRabi.com
Typically Tropical Properties
75-5870 Walua Road, Suite 101
Kailua-Kona, HI 96740
(808)327-3185

[wyatt]

We have been investing in Real estate for 25yrs. We feel that these swings in the economy are part of the project. The rose has a thorn. So does investing in Real estate. If your not in for the long term I guess you could get excited about the negative comments on this thread. We have seen things we own go up down then higher than we could imagine. I know when people start talking about flipping a house; most of them are just talking. Granted people do make money doing that. So keep a level head about the economy. From what I've seen Hawaii has a different type investor,one that knows that there is only so much island prop. located in the US. If your in it for the quick buck. I agree, times are changing. If your buying/building now, 10-15 yrs from now you should be sitting pretty.
The rose grows best with a little fertilzer.
So choose to be the rose, the thorn or the fertilizer. They are all part of the deal.
Just a thought.

Aloha
wyatt

[Nate SC]

I have seen property from Honolulu to Haifa and Jordan to Jonestowne and none of it offers me the full Protection and Rights of the United States of America. The 7th fleet is parked less than 3 hours cruise from "The Big" and fighter jets could be there in minutes. A "Helo" could have me in Honolulu for anything serious medical wise and a med-flight could have me in LA in less than 4 hours after being stabilized( my luck I'll die of a staf infection). Hands down, Hawaii cant be beat. Maybe Saipan or Guam ?? but not really into snakes that crawl in the toilet and bite you on the keister.
My house will be 15 minutes from the airport in Hawaii and flights are $300 all the time r/t to LA.
If MY lot is 5 million or 5 dollars it's "MY" lot. The only thing that better change is the tax rate. If I see a chance to make some money you better beleive I'm gonna go for it. Money makes my life easier and making more of it will get me closer to my goal of early retirement. So as the saying goes " I buy houses for CASH,,, call me"
Nate

[Jared I]

It looks like the state is concerned about exotic mortgages. I think they will be more concerned when lots of these ARMs start reseting in 2007 and 2008.

http://www.honoluluadvertiser.com/apps/p...10322/1071

From the article: "Among the new standards are evaluating a borrower's ability to repay a loan based on a rate after a low introductory rate expires, and doing more to verify income, assets and debts for higher-risk loans."

Well no duuhh. Doesn't anyone remember putting 20% down and going to the bank with a armful of paperwork to get a loan? I would hate to have money in these banks with the whole consolidate debt, take cash out of your own house ATM, refinance for the 5th time, rates will never be lower commercials. Does this mean the bank freely gave money to people who couldn't pay back the loan, verify income, or even evaluate the property risks, then sold the loans to Fannie or Freddie or some hedge fund who repackaged it and sold it as MBS to your retirement account or pension fund? Damn...

Another tidbit: "So-called exotic loans provide more flexibility for consumers and have been sold more widely in recent years, creating federal and state regulator concerns that borrowers may use such loans without fully understanding terms and risks."

So these idiots who bought the soon to be REO home, didn't understand a binding contract they signed? How stupid can these cattle be? They even have online mortgage calculators now. And why does the govt want to protect them now? Could the next step will be a federal law stopping foreclosures?

No, I don't think a few REO houses being sold below the average will affect your homes appreciation.

[bystander]

quote:

---

Being compared to a politician sucks. Really. I do acknowledge that prices have come down. But because I won't try to predict where things will go (and because, as I've said before, I don't care either way), I'm a politician.

Politician? You can be cruel, bystander.

John Dirgo, RA, ABR, e-PRO
Island Trust Properties, LLC
808-987-9243 cell
http://www.hawaiirealproperty.com

---

Hey I'm sorry for that insulting comment. I want to make peace with both you and Rabi. You must have read much earlier in this thread that I agree RE is a good long term investment. I just don't expect prices to increase year after year without coming down at all. Hold a piece of property for 10 or more years and you can't go wrong.

[Aaron S]

quote:

---

If I was preaching anything I would be preaching fundamentals and realism. Do I think our economy will be in trouble sooner than later, well yeah but I have specific reasons. Aaron can you please find me a tree that grows all the way into the sky, then space then into another dimension?

---

Jared, I'm done with this thread. Keep on preaching FUD (Fear, Uncertainty and Doubt).
You are doing a great job at that. Maybe you can pay my bills when I get unemployed.



Edited by - Aaron S on 11/21/2006 15:17:01

[jdirgo]

No worries, bystander. We may disagree on some things but its all fine. Just don't compare me to a politician again. That's like comparing me to a lawyer...

John Dirgo, RA, ABR, e-PRO
Island Trust Properties, LLC
808-987-9243 cell
http://www.hawaiirealproperty.com