Comments on: Gary Watts Pulls His Head Out Long Enough to Stick it Back In http://www.socalbubble.com/2006/07/gary-watts-pulls-his-head-out-long.html Southern California is Experiencing a Real Estate Bubble like never before Thu, 09 Sep 2010 03:22:43 -0700 hourly 1 http://wordpress.org/?v=3.0.1 By: Duganovichenheimer http://www.socalbubble.com/2006/07/gary-watts-pulls-his-head-out-long.html/comment-page-1#comment-32625 Duganovichenheimer Mon, 31 Dec 2007 18:05:11 +0000 http://www.socalbubble.com/2006/07/gary-watts-pulls-his-head-out-long.html#comment-32625 It would be interesting to know how much money Watts was paid in the last 5 years for his "Forecasts" and speaking appearances. Do you have that information? It would be interesting to know how much money Watts was paid in the last 5 years for his “Forecasts” and speaking appearances. Do you have that information?

]]> By: Southern California Real Estate Bubble Crash Blog » Blog Archive » Gary Watts’ Tenth Circle of Hell http://www.socalbubble.com/2006/07/gary-watts-pulls-his-head-out-long.html/comment-page-1#comment-15871 Southern California Real Estate Bubble Crash Blog » Blog Archive » Gary Watts’ Tenth Circle of Hell Fri, 19 Oct 2007 19:00:07 +0000 http://www.socalbubble.com/2006/07/gary-watts-pulls-his-head-out-long.html#comment-15871 [...] Watts will Burn in Hell (October 2005) Gary Watts will Still Burn in Hell (April 2006) Gary Watts Pulls His Head Out Long Enough to Stick It Back In (July 2006) Gary Watts And The Incredible Logic Shrinking Machine (August 2006) Gary Watts… [...] [...] Watts will Burn in Hell (October 2005) Gary Watts will Still Burn in Hell (April 2006) Gary Watts Pulls His Head Out Long Enough to Stick It Back In (July 2006) Gary Watts And The Incredible Logic Shrinking Machine (August 2006) Gary Watts… [...]

]]> By: Nick http://www.socalbubble.com/2006/07/gary-watts-pulls-his-head-out-long.html/comment-page-1#comment-9305 Nick Wed, 18 Jul 2007 14:46:52 +0000 http://www.socalbubble.com/2006/07/gary-watts-pulls-his-head-out-long.html#comment-9305 DONT PANIC! WHEN I BOUGHT MY FIRST HOME IN ORANGE COUNTY I PAID 76,000 AND I WAS EARNING 5.60 AN HOUR. EVEYONE SAID I WAS CRAZY TO PAY 750.000 A MONTH FOR A HOUSE PAYMENT. BELIEVE ME WHEN I SAY THE AVERAGE TRACK HOUSE WILL SELL FOR ONE MILLION DOLLARS WITHIN 12 YEARS. BUT IF YOU ARE FEARFUL, HEDGE ALL OF YOUR PAPER WEALTH WITH 10-30 PERCENT IN GOLD. IT HAS AN INVERSE RELATIONSHIP WITH YOUR PAPER WEALTH.ITS GREAT INSURANCE. AND FOR YOU GUYS WHO LIKE A LOT OF DOOM AND GLOOM, GO TO WWW.MONEX.COM YOU WILL LEARN SOMETHING.WHEN YOU SEE THIS SITE REMEMBER THIS IS THE GREATEST PLACE IN THE WORLD TO LIVE AND THERE ARE WAYS TO PROTECT YOUR ASSETS. YOU JUST HAVE TO BE ON TOP OF YOUR GAME. DONT PANIC! WHEN I BOUGHT MY FIRST HOME IN ORANGE COUNTY I PAID 76,000 AND I WAS EARNING 5.60 AN HOUR. EVEYONE SAID I WAS CRAZY TO PAY 750.000 A MONTH FOR A HOUSE PAYMENT. BELIEVE ME WHEN I SAY THE AVERAGE TRACK HOUSE WILL SELL FOR ONE MILLION DOLLARS WITHIN 12 YEARS. BUT IF YOU ARE FEARFUL, HEDGE ALL OF YOUR PAPER WEALTH WITH 10-30 PERCENT IN GOLD. IT HAS AN INVERSE RELATIONSHIP WITH YOUR PAPER WEALTH.ITS GREAT INSURANCE. AND FOR YOU GUYS WHO LIKE A LOT OF DOOM AND GLOOM, GO TO http://WWW.MONEX.COM YOU WILL LEARN SOMETHING.WHEN YOU SEE THIS SITE REMEMBER THIS IS THE GREATEST PLACE IN THE WORLD TO LIVE AND THERE ARE WAYS TO PROTECT YOUR ASSETS. YOU JUST HAVE TO BE ON TOP OF YOUR GAME.

]]> By: NICK http://www.socalbubble.com/2006/07/gary-watts-pulls-his-head-out-long.html/comment-page-1#comment-2739 NICK Sun, 25 Mar 2007 21:41:23 +0000 http://www.socalbubble.com/2006/07/gary-watts-pulls-his-head-out-long.html#comment-2739 ONE OTHER THING. LIKE WITH STOCKS IN REAL ESTATE YOU WILL NEVER LOOSE MONEY IF YOU DONT SELL LOW. THE MONEY ISNT LOST IT HAS JUST MOVED. WHEN WE HAD THE DOT COM BUST WHICH WAS FAR MORE RISKY THAN REAL ESTATE EVER WILL BE THE STOCK MONEY MOVED TO REAL ESTATE. IF ITS NOT IN REAL ESTATE FOR NOW DONT SHOOT YOURSELF IN THE FOOT AND SELL LOW. JUST MOVE SOME OF YOUR EQUITY TO A MORE LIQUID POSITION SUCH AS MUTUAL FUNDS WITH THE CHANCE OF MAKING 12-15% ON THAT INVESTMENT. OH LETS SEE, DO YOU MEAN BORROW CHEAP MORTGAGE MONEY AND MOVE IT TO A HIGHER YIELDING INVESTMENT. YES I DO. IT WONT AFFECT YOUR HOMES VALUE. SO LETS SEE, IF I CAN BORROW AT 6% AND MAKE 12% I COULD PAY THAT DEBT SERVICE BACK AND STILL MAKE 6% WITHOUT ANY OUT OF POCKET COST. NOT TO MENTION THE BASE AMOUNT IN MUTUAL FUNDS IS STILL GROWING WITH COMPOUND INTEREST. HERE IS A FACT. IF YOU WOULD HAVE PUT 250,000 IN AN UNNAMED MUTUAL FUND PRESUMABLY BORROWED FROM HOME EQUITY THIRTY YEARS AGO AND RECEIVED INTEREST PAYMENTS THAT EQUALLED ABOUT 1900 A MONTH TO PAY BACK ON THAT 250,000 DOLLARS YOU WOULD HAVE DRAWN ABOUT 600,000 PLUS TO MAKE THOSE PAYMENTS WITH INTEREST. THE PARTICULAR MUTAL FUND COMPANY IM TALKING ABOUT HAS A 30 YEAR YIELD OF 15%. HOW MUCH MONEY WOULD BE IN YOUR ACCOUNT TODAY FROM 1977 UNTIL TODAY 2007. TRY OVER 14,000,000.00. SO EVERYONE QUIT YOUR CRYING LOOK TO SEE WHERE THE MONEY IS MOVING AND MAKE SOME FOR YOURSELF. IVE HEARD THE DOOM AND GLOOM OVER REALESATE MANY TIMES AND EVERYONE WHO HAS BET AGAINST IT HAS LOST. ONE OTHER THING. LIKE WITH STOCKS IN REAL ESTATE YOU WILL NEVER LOOSE MONEY IF YOU DONT SELL LOW. THE MONEY ISNT LOST IT HAS JUST MOVED. WHEN WE HAD THE DOT COM BUST WHICH WAS FAR MORE RISKY THAN REAL ESTATE EVER WILL BE THE STOCK MONEY MOVED TO REAL ESTATE. IF ITS NOT IN REAL ESTATE FOR NOW DONT SHOOT YOURSELF IN THE FOOT AND SELL LOW. JUST MOVE SOME OF YOUR EQUITY TO A MORE LIQUID POSITION SUCH AS MUTUAL FUNDS WITH THE CHANCE OF MAKING 12-15% ON THAT INVESTMENT. OH LETS SEE, DO YOU MEAN BORROW CHEAP MORTGAGE MONEY AND MOVE IT TO A HIGHER YIELDING INVESTMENT. YES I DO. IT WONT AFFECT YOUR HOMES VALUE. SO LETS SEE, IF I CAN BORROW AT 6% AND MAKE 12% I COULD PAY THAT DEBT SERVICE BACK AND STILL MAKE 6% WITHOUT ANY OUT OF POCKET COST. NOT TO MENTION THE BASE AMOUNT IN MUTUAL FUNDS IS STILL GROWING WITH COMPOUND INTEREST. HERE IS A FACT. IF YOU WOULD HAVE PUT 250,000 IN AN UNNAMED MUTUAL FUND PRESUMABLY BORROWED FROM HOME EQUITY THIRTY YEARS AGO AND RECEIVED INTEREST PAYMENTS THAT EQUALLED ABOUT 1900 A MONTH TO PAY BACK ON THAT 250,000 DOLLARS YOU WOULD HAVE DRAWN ABOUT 600,000 PLUS TO MAKE THOSE PAYMENTS WITH INTEREST. THE PARTICULAR MUTAL FUND COMPANY IM TALKING ABOUT HAS A 30 YEAR YIELD OF 15%. HOW MUCH MONEY WOULD BE IN YOUR ACCOUNT TODAY FROM 1977 UNTIL TODAY 2007. TRY OVER 14,000,000.00. SO EVERYONE QUIT YOUR CRYING LOOK TO SEE WHERE THE MONEY IS MOVING AND MAKE SOME FOR YOURSELF. IVE HEARD THE DOOM AND GLOOM OVER REALESATE MANY TIMES AND EVERYONE WHO HAS BET AGAINST IT HAS LOST.

]]> By: NICK http://www.socalbubble.com/2006/07/gary-watts-pulls-his-head-out-long.html/comment-page-1#comment-2738 NICK Sun, 25 Mar 2007 21:04:14 +0000 http://www.socalbubble.com/2006/07/gary-watts-pulls-his-head-out-long.html#comment-2738 IT MIGHT BE SLOW RIGHT NOW, BUT SO WHAT. WE ALL STILL NEED A PLACE TO LIVE AND ORANGE COUNTY IS PREMIUM AS FAR AS I AM CONCERNED. SO I THINK SUPPLY AND DEMAND WILL KEEP US UP WITH INFLATION. AT 600,000 WITH 3% APPRECIATION ITS BETTER THAN WORKING A SECOND JOB. WHATS ALL THE PANIC ABOUT. IT WILL STABALIZE AND WHEN INCOMES COME UP AND RENTS KEEP GOING UP THE BUYERS WILL COME AGAIN. BUT THIS TIME THERE WILL BE EVEN LESS OPPORTUNITY TO BUY IN ORANGE COUNTY. BUT HEY, WHAT THE HECK YOUR HOUSES IN SMOGGY RIVERSIDE ARE ALL GOING FOR 600,000 NOW AND THOSE HOME OWNERS HAVE TO PAY 3.30 A GALLON TO DRIVE INTO ORANGE COUNTY TO WORK. BESIDES THAT I NEVER MADE A DECISION ON PREDICTIONS. I MADE THEM ON WHAT I COULD AFFORD TO DO. IT MIGHT BE SLOW RIGHT NOW, BUT SO WHAT. WE ALL STILL NEED A PLACE TO LIVE AND ORANGE COUNTY IS PREMIUM AS FAR AS I AM CONCERNED. SO I THINK SUPPLY AND DEMAND WILL KEEP US UP WITH INFLATION. AT 600,000 WITH 3% APPRECIATION ITS BETTER THAN WORKING A SECOND JOB. WHATS ALL THE PANIC ABOUT. IT WILL STABALIZE AND WHEN INCOMES COME UP AND RENTS KEEP GOING UP THE BUYERS WILL COME AGAIN. BUT THIS TIME THERE WILL BE EVEN LESS OPPORTUNITY TO BUY IN ORANGE COUNTY. BUT HEY, WHAT THE HECK YOUR HOUSES IN SMOGGY RIVERSIDE ARE ALL GOING FOR 600,000 NOW AND THOSE HOME OWNERS HAVE TO PAY 3.30 A GALLON TO DRIVE INTO ORANGE COUNTY TO WORK. BESIDES THAT I NEVER MADE A DECISION ON PREDICTIONS. I MADE THEM ON WHAT I COULD AFFORD TO DO.

]]> By: Corona Craig http://www.socalbubble.com/2006/07/gary-watts-pulls-his-head-out-long.html/comment-page-1#comment-707 Corona Craig Tue, 25 Jul 2006 17:51:00 +0000 http://www.socalbubble.com/2006/07/gary-watts-pulls-his-head-out-long.html#comment-707 Most, not all, of my real estate and mortgage friends that have been making personal purchases and loans are now in terrible financial positions. Selling homes on short sales and trying to salvage their creative loans with some of the worst terms. These are the people giving advice to buyers and borrowers. Some have been more conservative and have actually put money away. The others will unfortunately never see the gains they once had on paper. Most, not all, of my real estate and mortgage friends that have been making personal purchases and loans are now in terrible financial positions. Selling homes on short sales and trying to salvage their creative loans with some of the worst terms. These are the people giving advice to buyers and borrowers. Some have been more conservative and have actually put money away. The others will unfortunately never see the gains they once had on paper.

]]> By: pismobear http://www.socalbubble.com/2006/07/gary-watts-pulls-his-head-out-long.html/comment-page-1#comment-708 pismobear Sat, 22 Jul 2006 00:17:00 +0000 http://www.socalbubble.com/2006/07/gary-watts-pulls-his-head-out-long.html#comment-708 My apologies to who ever I stole this from but, 'How do you tell when Watts (realtors) is lying? His mouth is moving'. My apologies to who ever I stole this from but, ‘How do you tell when Watts (realtors) is lying? His mouth is moving’.

]]> By: Nozferatu http://www.socalbubble.com/2006/07/gary-watts-pulls-his-head-out-long.html/comment-page-1#comment-709 Nozferatu Fri, 21 Jul 2006 22:17:00 +0000 http://www.socalbubble.com/2006/07/gary-watts-pulls-his-head-out-long.html#comment-709 Anon Said:<BR/><BR/>"t’s simply outrageous that Mr. Watts (a former appliance salesman in Laguna Hills) can make such an ignorant statement!"<BR/><BR/>Why is it outrageous? These people couldn't repeat their good fortune if they tried...alot of luck made these aholes rich from nothing...so having alot of money doesn't make them smarter at all. Anon Said:

“t’s simply outrageous that Mr. Watts (a former appliance salesman in Laguna Hills) can make such an ignorant statement!”

Why is it outrageous? These people couldn’t repeat their good fortune if they tried…alot of luck made these aholes rich from nothing…so having alot of money doesn’t make them smarter at all.

]]> By: Anonymous http://www.socalbubble.com/2006/07/gary-watts-pulls-his-head-out-long.html/comment-page-1#comment-710 Anonymous Fri, 21 Jul 2006 21:18:00 +0000 http://www.socalbubble.com/2006/07/gary-watts-pulls-his-head-out-long.html#comment-710 One more point regarding Gary (in the bag) Watts, aka Carnival Barker.<BR/><BR/>Right now the year over year appreciation rate for Orange County is 5.8% and it’s been steadily declining since the first of the year. So it doesn’t look very good for 11-12% either.<BR/><BR/>These SOB’s need to be regulated by the SEC. One more point regarding Gary (in the bag) Watts, aka Carnival Barker.

Right now the year over year appreciation rate for Orange County is 5.8% and it’s been steadily declining since the first of the year. So it doesn’t look very good for 11-12% either.

These SOB’s need to be regulated by the SEC.

]]> By: Anonymous http://www.socalbubble.com/2006/07/gary-watts-pulls-his-head-out-long.html/comment-page-1#comment-711 Anonymous Fri, 21 Jul 2006 21:07:00 +0000 http://www.socalbubble.com/2006/07/gary-watts-pulls-his-head-out-long.html#comment-711 Beautifully said John Doe! Thanks for the link!<BR/><BR/>Gary Watts says:<BR/><BR/>“I think we probably are not going to see 15 (percent), but I think 11 or 12 (percent) is still realistic."<BR/><BR/>Then he says:<BR/><BR/>“It's been an absolute miserable six months in terms of real estate"<BR/><BR/>This is living proof that many people in this industry (especially those from The OC) have become spoiled and accustom to double digit gains. It’s simply outrageous that Mr. Watts (a former appliance salesman in Laguna Hills) can make such an ignorant statement!<BR/><BR/>I hope these people get exactly what they deserve for leading the naïve sheepeople into the abyss! Beautifully said John Doe! Thanks for the link!

Gary Watts says:

“I think we probably are not going to see 15 (percent), but I think 11 or 12 (percent) is still realistic.”

Then he says:

“It’s been an absolute miserable six months in terms of real estate”

This is living proof that many people in this industry (especially those from The OC) have become spoiled and accustom to double digit gains. It’s simply outrageous that Mr. Watts (a former appliance salesman in Laguna Hills) can make such an ignorant statement!

I hope these people get exactly what they deserve for leading the naïve sheepeople into the abyss!

]]> By: John Doe http://www.socalbubble.com/2006/07/gary-watts-pulls-his-head-out-long.html/comment-page-1#comment-712 John Doe Fri, 21 Jul 2006 19:53:00 +0000 http://www.socalbubble.com/2006/07/gary-watts-pulls-his-head-out-long.html#comment-712 Baghdad Bob was also on hand to provide his commentary:<BR/><BR/>"There are no Tanks in Baghdad. There is no bubble in SoCal, never was, never will be."<BR/><BR/>Gary then whispered something in his ear, and Bob then said.<BR/><BR/>"Except for the 1990's, which allah willing, will be wiped from the record books"<BR/><BR/>John Doe, your reporter in the field Baghdad Bob was also on hand to provide his commentary:

“There are no Tanks in Baghdad. There is no bubble in SoCal, never was, never will be.”

Gary then whispered something in his ear, and Bob then said.

“Except for the 1990′s, which allah willing, will be wiped from the record books”

John Doe, your reporter in the field

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