Comments on: Responsible Buyers Hit by Foreclosure Fallout

By: Janis Mara

Janis Mara — Sun, 20 Apr 2008 20:41:40 +0000

Wow, that means a lot coming from you, Glenn! Thanks!

Albuquerque Real Estate, whoa, your MIL moved from Florida to Minnesota!? What a huge change. Does she like it there?

By: Albuquerque real estate

Albuquerque real estate — Sun, 20 Apr 2008 03:03:07 +0000

So true, my mother-in-law recently moved from FL to MN because she was foreclosed on and 3/4 of her gaited community was in foreclosure.

By: Glenn Kelman

Glenn Kelman — Sat, 19 Apr 2008 22:37:06 +0000

great post Janis. You really nailed the dynamic in the East Bay…

By: Janis Mara

Janis Mara — Sat, 19 Apr 2008 20:43:26 +0000

That sounds like a great strategy! Good on you for bucking the trend – seems like every other article I read is about how Americans aren’t saving ANY money. Waiting is frustrating, but so much wiser than the terrible mistakes so many people made buying with interest-only loans and the like. Anyway, I’ll make the change from “money” to “equity” in the post. Please keep reading and commenting!

By: peninsula renter

peninsula renter — Sat, 19 Apr 2008 19:56:02 +0000

I can’t really afford something that I’d be willing to live in… not in the towns I want to live in. So I wait, and save up a down payment, and hope that either my money goes up, or prices go down or a combination of both.

By: Janis Mara

Janis Mara — Sat, 19 Apr 2008 05:32:43 +0000

Guilty as charged! How about, “…yet they’ve lost equity.” Would that fix it?

Meanwhile, you’re a renter … are you waiting for prices to bottom out before you buy?

By: peninsula renter

peninsula renter — Sat, 19 Apr 2008 03:04:11 +0000

>>That’s the killer – these folks have never missed a mortgage payment, yet they’ve lost money.

You’ve got to be kidding. If you own stock, and the value goes up, but you don’t sell… then you haven’t made a profit. Same goes for houses.