What is your idea of soon? What is your idea of soon?
moneymaker
September 7, 2015 @
7:58 PM
6 months to a year. I’m not 6 months to a year. I’m not in the real estate industry, just curious if prices seem too high even for investors.
NotCranky
September 7, 2015 @
11:00 PM
O.K. No. O.K. No.
poorgradstudent
September 8, 2015 @
10:07 AM
No. We bought our house a No. We bought our house a year ago, aren’t in position to buy an investment property anytime soon, and don’t think it’s a great time to buy right now anyways.
Jazzman
September 11, 2015 @
12:15 AM
moneymaker wrote:6 months to [quote=moneymaker]6 months to a year. I’m not in the real estate industry, just curious if prices seem too high even for investors.[/quote]
Absolutely they are, and have been for a long time. Due to high CA RE prices investors look for appreciation so need to buy at the bottom of a cycle. Any investing going on now is tourists.
ltsddd
September 11, 2015 @
11:15 AM
I am of the opinion that if I am of the opinion that if you have the means and the needs to buy, then those are good enough reasons to buy. When we bought our primary home, the decision was purely based on the quality of life and schools – the possibility of the housing market goes up or down was never part of the decision-making process. When our home doubled in value, we didn’t feel any wealthier. Just as when prices went back down to earth, we didn’t feel any poorer nor that we lost anything. That said, for investment purposes, I would not be a buyer in this market – I stopped paying attention the last couple years. However, I have been working on putting myself in a position to pounce on the opportunity that WILL come in the next few years.
FlyerInHi
September 12, 2015 @
11:38 AM
ltsdd wrote:I am of the [quote=ltsdd]I am of the opinion that if you have the means and the needs to buy, then those are good enough reasons to buy. When we bought our primary home, the decision was purely based on the quality of life and schools – the possibility of the housing market goes up or down was never part of the decision-making process. When our home doubled in value, we didn’t feel any wealthier. Just as when prices went back down to earth, we didn’t feel any poorer nor that we lost anything. That said, for investment purposes, I would not be a buyer in this market – I stopped paying attention the last couple years. However, I have been working on putting myself in a position to pounce on the opportunity that WILL come in the next few years.[/quote]
It depends how affordable the house is to the buyer. If you a family stretches to buy a house, then if prices drop, then yes, they will feel poorer. And if prices drop more than the downpayment, putting them underwater, then they’re likely to walk. That has been proven.
mixxalot
September 15, 2015 @
8:09 AM
Hell no. Real estate prices Hell no. Real estate prices are bubbalicious all over San Diego right now and I just started a new job after a year of unemployment so no cash at the moment. It will be at least a few years before I even think of buying property. Maybe the market will cool off then and interest rates rise if the FED ever gets their monetary policy together to do that instead of constantly printing money via QE to infinity.
FlyerInHi
September 15, 2015 @
8:02 PM
I think that with a I think that with a government shutdown looming, the Fed will delay raising rates yet again.
spdrun
September 15, 2015 @
8:35 PM
Let’s hope that the end of QE Let’s hope that the end of QE will be enough to push the US into deflation, rates or none. This summer has been amazing as far as assets.
Actually, shutdown + lack of QE will do us nicely as far as chaos.
mixxalot
September 18, 2015 @
4:19 PM
I do hope to see a major drop I do hope to see a major drop in real estate prices of 10-20% at least in San Diego. How do people afford to buy here? I came from the bay area which is far worse but still 900K-2MM for coastal crapshack that tis falling apart in Ocean Beach and Point Loma? Who are the suckers paying these inflated prices?
At this point unless real estate drops, I am looking at having to buy 20-30 miles from the coastal areas. That limits me to Santee/La Mesa/El Cajon and Poway/Rancho Bernardo. I don’t want to buy in Oceanside or Vista or San Marcos.
scaredyclassic
September 18, 2015 @
4:39 PM
No but I am seriously No but I am seriously considering a very expensive sofa.
September 7, 2015 @ 7:45 PM
What is your idea of soon?
What is your idea of soon?
September 7, 2015 @ 7:58 PM
6 months to a year. I’m not
6 months to a year. I’m not in the real estate industry, just curious if prices seem too high even for investors.
September 7, 2015 @ 11:00 PM
O.K. No.
O.K. No.
September 8, 2015 @ 10:07 AM
No. We bought our house a
No. We bought our house a year ago, aren’t in position to buy an investment property anytime soon, and don’t think it’s a great time to buy right now anyways.
September 11, 2015 @ 12:15 AM
moneymaker wrote:6 months to
[quote=moneymaker]6 months to a year. I’m not in the real estate industry, just curious if prices seem too high even for investors.[/quote]
Absolutely they are, and have been for a long time. Due to high CA RE prices investors look for appreciation so need to buy at the bottom of a cycle. Any investing going on now is tourists.
September 11, 2015 @ 11:15 AM
I am of the opinion that if
I am of the opinion that if you have the means and the needs to buy, then those are good enough reasons to buy. When we bought our primary home, the decision was purely based on the quality of life and schools – the possibility of the housing market goes up or down was never part of the decision-making process. When our home doubled in value, we didn’t feel any wealthier. Just as when prices went back down to earth, we didn’t feel any poorer nor that we lost anything. That said, for investment purposes, I would not be a buyer in this market – I stopped paying attention the last couple years. However, I have been working on putting myself in a position to pounce on the opportunity that WILL come in the next few years.
September 12, 2015 @ 11:38 AM
ltsdd wrote:I am of the
[quote=ltsdd]I am of the opinion that if you have the means and the needs to buy, then those are good enough reasons to buy. When we bought our primary home, the decision was purely based on the quality of life and schools – the possibility of the housing market goes up or down was never part of the decision-making process. When our home doubled in value, we didn’t feel any wealthier. Just as when prices went back down to earth, we didn’t feel any poorer nor that we lost anything. That said, for investment purposes, I would not be a buyer in this market – I stopped paying attention the last couple years. However, I have been working on putting myself in a position to pounce on the opportunity that WILL come in the next few years.[/quote]
It depends how affordable the house is to the buyer. If you a family stretches to buy a house, then if prices drop, then yes, they will feel poorer. And if prices drop more than the downpayment, putting them underwater, then they’re likely to walk. That has been proven.
September 15, 2015 @ 8:09 AM
Hell no. Real estate prices
Hell no. Real estate prices are bubbalicious all over San Diego right now and I just started a new job after a year of unemployment so no cash at the moment. It will be at least a few years before I even think of buying property. Maybe the market will cool off then and interest rates rise if the FED ever gets their monetary policy together to do that instead of constantly printing money via QE to infinity.
September 15, 2015 @ 8:02 PM
I think that with a
I think that with a government shutdown looming, the Fed will delay raising rates yet again.
September 15, 2015 @ 8:35 PM
Let’s hope that the end of QE
Let’s hope that the end of QE will be enough to push the US into deflation, rates or none. This summer has been amazing as far as assets.
Actually, shutdown + lack of QE will do us nicely as far as chaos.
September 18, 2015 @ 4:19 PM
I do hope to see a major drop
I do hope to see a major drop in real estate prices of 10-20% at least in San Diego. How do people afford to buy here? I came from the bay area which is far worse but still 900K-2MM for coastal crapshack that tis falling apart in Ocean Beach and Point Loma? Who are the suckers paying these inflated prices?
At this point unless real estate drops, I am looking at having to buy 20-30 miles from the coastal areas. That limits me to Santee/La Mesa/El Cajon and Poway/Rancho Bernardo. I don’t want to buy in Oceanside or Vista or San Marcos.
September 18, 2015 @ 4:39 PM
No but I am seriously
No but I am seriously considering a very expensive sofa.