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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Micawber who wrote (27770)	3/4/2005 1:31:44 PM
From: RealityNotFantasy	Read Replies (2) \| Respond to of 306849

Mortgagee vs Mortgagor......................................... You wrote: A "homeowner/RE investor" is not the same thing as a mortgagee. A mortgagee is the holder of the mortgage, typically a bank or other financial institution. MORTGAGEE: The borrower of money or the giver of the mortgage document. MORTGAGOR: The lender of money or the receiver of the mortgage document. You can't expect to persuade someone when you use incorrect terminology. People don't know what you are talking about. IMHO... Are you sure? I got this definition from an online source. I got pretty much the same definition from a dictionary I have on hand. You also wrote: "BTW, your argument has merit, although in my opinion it is rather obvious. In a mania, it it always the weakest hands buying at the end." IMHO... Thank you. I agree with that the weakest link are the people who purchased towards the end of the cycle. Btw, I was one of those in California's 1980s - early 1990s RE boom. I purchased right before it imploded :( I remember the realtor who sold the property to us had this to say, "Real Estate Never Goes Down". Yeah, right! So the experience was personal and financially painful for me. Fortunately, I was in the property with 2 others so we survived the downturn. Imho, I think people who can afford to buy and are in good financial shape (little or no other debts) should have a better chance of surviving a downturn (like I did 10 years ago)but there are no guarantees in life. Although, It was still painful paying for a mortgage that was worth less than market value. I hope my comments make people think twice... Of course, it is assumed that they should consult a professional financial accountant or advisor before making a major decision. I'm not one one; I only speak from personal experience and I can't predict the future or make recommendations. It is my hope others don't have to go through as I did. Just my two cents...

To: Micawber who wrote (27770)	3/5/2005 1:37:31 AM
From: Amy J	Read Replies (2) \| Respond to of 306849

Micawber, RE: "You can't expect to persuade someone when you use incorrect terminology. People don't know what you are talking about." Have seen extremely high IQ people use the wrong words when they make a point simply because they are more focused on the interesting concepts they are trying to convey and so they tend to dismiss the small details of a word or two. Have seen this happen so often with conceptual people, that sometimes I automatically translate their words correctly for them in my head in order to stay focused on their concepts. Even if I don't know them, sometimes I can do this. Some people have said to me later, "you know I meant to say such and such a word." And I'm always like, "I already knew that and did the translation in my head." They generally are surprised I can do this and are appreciative they don't have to spin cycles on the small stuff, and can instead move forward to the essence of their concept. Have learned to just stay ahead of their small errors and they are so appreciated when I do this. His concepts were pretty clear to me, and possibly others too. On a different note, it's tax season again - ever notice how people get grumpy during this time of the year - the IRS needs to simplify the process. Regards, Amy J