Comments on : Pricing Poll: 1026 Duncan

10:32 AM points out an interesting contrast. Kay ...

2008-12-08T16:51:00.000-08:00

10:32 AM points out an interesting contrast. Kay Thomas vs Huggy.

Kay is well known local realtor. Huggy represents that he's a realtor. Kay blogs under her own name. Huggy, like many on this blog including myself, hides behind the veil of anonymity.

Kay's December 4th market observation acknowledges that the market is currently slow. She also notes that most jumbo's underwritten in MB in November / December are requiring relatively high down payments (ie at elast 30%, some 50%). In short, she notes that loans are hard to come by leading to lower prices and higher inventory.

Huggy continues to spout BS about TARP money making its way into jumbo mortgages, about the market pricing declining only slighty, and he refuses to answer the questions posed about high inventory leading to lower future prices. Instead, he touts a Countrywide email marketing low teaser rates as evidence of relief in the mortgage market (yes, but only for those with millions in hard assets and perfect FICO scores).

I know that Kay is a realtor (I've met her), but I'm beginning to wonder about Huggy. Could it be that Mr. "Legend in his own mind" is really just a realtor's admin who happens to have access to MLS data? His numerous slip ups and general ignorance of even basic economics leave this observer wondering.

But Huggy, 9:43 and 10:57 are you as an anonymous....

2008-12-08T16:27:00.000-08:00

But Huggy, 9:43 and 10:57 are you as an anonymous. A strategy you deploy often and we all know it. Trying in desperation to get people to buy homes are you?

Nice try, particularly the "I'm taking odds" and "I dare you" routines. This is also something you do often to mask your previous anonymous authorship and to make it seem like more than one person shares your view. Try being a little more original with your outright fabrications. This gig has been up for sometime.

Now, I'll taking odds that we will hear from Huggy denying that he is lying about not being 9:43.

Duplicity in times of desperation amongst some local realtors appears to be hitting new lows. Huggy makes for the loudest posterchild of this desperation.

1:46/Huggy,Quit posting anonymously as anonymous. ...

2008-12-08T13:52:00.000-08:00

1:46/Huggy,

Quit posting anonymously as anonymous. You aren't fooling anyone by arguing with yourself.

Huggy gets hit with tough questions from Timmy, RB...

2008-12-08T13:46:00.000-08:00

Huggy gets hit with tough questions from Timmy, RBD and the "COTC" and disappears for a while then posts an obvious anonymous post and argues with himself.
Weak!

The housing market moves slowly. It will bottom f...

2008-12-08T13:26:00.000-08:00

The housing market moves slowly. It will bottom for a while before beginning its ascent again. You can tell when it begins to ascend again because volume will start picking up again.

The flip side of that is that volume is still declining, so we are not likely at the bottom.

That's a good one 11:45, never heard that one befo...

2008-12-08T12:18:00.000-08:00

That's a good one 11:45, never heard that one before.

A comment I've heard lately about the asking price...

2008-12-08T11:45:00.000-08:00

A comment I've heard lately about the asking prices that sellers choose is, "They must not want to sell very badly at that asking price".

and I say exactly. Who knows what really motivates a seller in this or any market.

Gotta find the ones that REALLY want or need to sell rather than the ones who "will sell if they can get their price".

How will you know when the bottom hits?I tend to t...

2008-12-08T11:43:00.000-08:00

How will you know when the bottom hits?

I tend to think that strategy works at any time because of the relative price of the home you sell vs the home you buy.

They will both go up and down together.

My home buying strategy:Wait until housing bottoms...

2008-12-08T11:26:00.000-08:00

My home buying strategy:

Wait until housing bottoms. Unfortunately this is probably still a year or two away.

Buy house primarily with cash from the equity in selling my previous house.

How is that?

but houses are selling and people are buying.Alway...

2008-12-08T10:57:00.000-08:00

but houses are selling and people are buying.

Always have and always will...

It's just a matter of price.

And one buyer's deal is another buyer's impossibility...

and I thought the rationale that Huggy stated was reasonable.

If you can afford it, if you plan on owning for the long-term and you can find the right house you buy it because prices have dropped and sellers are negotiating and interest rates are at still-historically low levels.

That's how I bought and sold 3 houses. I didn't market time it. I bought when I had the need (demand) and found the best house I could afford at the time (supply). The interest rate was what it was. In fact, in the early 80's it was in the teens! That's right, 13% or MORE!

Everybody can talk the woulda, coulda, shoulda talk. Did I miss out on a better house? Maybe. Could I have gotten a better deal? Who knows?

All I know is that I own a pretty nice home nearly free and clear in MB west of Sepulveda by in retrospect following Huggy's advice. I don't thank him but I don't revile him either. He spelled out a logical rationale that works.

Instead of blasting him, why don't you map out your home buying strategy? I dare you.

Maybe 9:43 should look at Kate Thomas's market upd...

2008-12-08T10:32:00.000-08:00

Maybe 9:43 should look at Kate Thomas's market update, and Blakes update as well.

Things might be moving, but they are moving slowly and DOWN.

9:43, I'm taking odds on how quickly one of the cu...

2008-12-08T09:50:00.000-08:00

9:43, I'm taking odds on how quickly one of the cult losers comes on here and accuses you of being me posting anonymously. I'm laying odds that I may not even be able to finish typing this comment before one of the COTC comes out from under his/her bed and crawls over to the keyboard to type this predictable comeback. Guess I'd better type fast.

while the COTC are busy lambasting Huggy, homes co...

2008-12-08T09:43:00.000-08:00

while the COTC are busy lambasting Huggy, homes continue to be sold, buyers continue to buy homes.

What could possibly be wrong with these people?

Why are they buying?

Are they insane? Have they lost their minds?

How many homes have sold in MB west of Sepulveda this year?

Are all those buyers clueless?

Make your own decisions folks but plenty of buyers are following Huggy's advice.

Mookie -I also liked the 8:56 post. Just one prob...

2008-12-06T15:00:00.000-08:00

Mookie -

I also liked the 8:56 post. Just one problem though. Huggy's shack probably isn't worth $1.2M anymore (perhaps only in Huggy's delusional mind). The sub $1.5M segment of MB is falling faster than the rest. Huggy better cash out now before it's worth less than $1M.

Maybe KOTC/Huggy is going to hand out his dog-eare...

2008-12-06T08:49:00.000-08:00

Maybe KOTC/Huggy is going to hand out his dog-eared business cards to the lines of people visiting the Sandpipers homes today? He's probably taking a shower this morning, might even shave too. It's been a while since he met any prospective clients, he can barely remember what to do, what to say...

KOTC hasn't posted for at least 5 minutes. Very un...

2008-12-06T08:40:00.000-08:00

KOTC hasn't posted for at least 5 minutes. Very unlike him; we must be getting under his skin.

8.26Don't know about you Timmy, but I'd like to se...

2008-12-06T08:39:00.000-08:00

8.26

Don't know about you Timmy, but I'd like to see Huggy move on up AND move on out (of MB, that is).

Sell your shanty KOTC, before it drops to sub-$1MM then go back to your former job of selling used cars. Loser.

While preparing to BOHICA, his career is FUBAR.Hug...

2008-12-06T08:32:00.000-08:00

While preparing to BOHICA,
his career is FUBAR.

Huggy, how do you deal with the Demons that come in the middle of the night?

Deep in the dark of night when you are alone in your bed, Do you ever listen to your heart beat and wonder when it will stop?

You are doomed. Your clients will want to get up close and personal with you soon.

Good Luck with that.

So Huggy, by your rational in the 1990s you should...

2008-12-06T08:26:00.000-08:00

So Huggy, by your rational in the 1990s you should have bought 5 homes. How many homes to you plan to buy now? We are, according to you, in a "buyers" market. Why not take all the equity you claim to have and move on up?

BOHICA Huggy. It's fun watching you get biyach sla...

2008-12-06T06:55:00.000-08:00

BOHICA Huggy. It's fun watching you get biyach slapped..."Thank you sir, may I have another" Pathetic Putz!

Once again, Huggy gets absolutely humiliated by Mo...

2008-12-05T22:46:00.000-08:00

Once again, Huggy gets absolutely humiliated by Mookie, and his response?

"Mookie, I'm getting under your skin."

What a douche. But a douche that is the proud owner of a $1.2M shanty.

Huggy, you're not the elite, you're not significant. You are a realtor that lives in a shitty house whose meager income is just getting worse and worse.

But at least you are under Mookie's skin.

Mookie, am I getting under your skin? You just ca...

2008-12-05T22:39:00.000-08:00

Mookie, am I getting under your skin? You just can't stop obsessing about me, can you. That's not healthy. Look, if it will help, I'll pay for that new toilet, okay? In fact, I'll make it a Toto Aquia II Dual Flush Toilet with the SoftClose seat. Nothing's too good for my little Mookster cause he's livin' large in his dilapidated rental.

And it's wit, not whit, Mookie, a word you probably hear quite often, at least combined with dim :-)

9.33 (aka KOTC/Huggy).I'm 9.09 and am not Mookie. ...

2008-12-05T22:16:00.000-08:00

9.33 (aka KOTC/Huggy).

I'm 9.09 and am not Mookie. Sorry to spoil your fun.

9:09 p.m.Good post Mookie. Did you really think yo...

2008-12-05T21:33:00.000-08:00

9:09 p.m.

Good post Mookie. Did you really think you could fool us? You are laughable.

8.56pmProbably the best post I've read on this blo...

2008-12-05T21:09:00.000-08:00

8.56pm

Probably the best post I've read on this blog. Absolutely love the way you put Huggy in his place. So much for the successful realtor persona that Huggy has tried so hard to adopt. His twisted words entrapped him in the end. That's what you deserve when you post a 100 banal and mind-numbing comments a day...