Menu

Home › Forums › Housing › Are you more likely or less likely to buy now?

Viewing 15 posts - 1 through 15 (of 154 total)
1 2 3 … 9 10 11
  • Author
    Posts
  • October 23, 2007 at 10:28 AM #10699
    TheBreeze
    Participant

    I’m curious what others are thinking about the housing market now. Does this fire make you more likely or less likely to buy now?

    I can see at least two schools of thought here. One (the one I subscribe to) says that almost all houses in San Diego are worth less now because of the risk of future fires. For someone like me who looks at homeownership versus renting as purely a value proposition (no emotional attachment either way), this fire causes the value of most houses to go down due to the risk. This is kind of like how the stock market declined after 9/11 due to the new risk premium for terrorism.

    On the flip side, I can see those who thought the bottom might come next year wanting to jump in now. Supply is going to be reduced, so it’s possible that this event could accelerate the coming of the bottom. However, the coming increase in insurance premiums may cancel out the decrease in supply.

    I’m just curious what others are thinking. BTW, I apologize if this post seems heartless. I’m not trying to make light of this devastating situation. However, I would like to know what others are thinking from an analytical point of view.

    October 23, 2007 at 10:43 AM #91002
    patientlywaiting
    Participant

    Since, like you, I’m not emotional, I’m equally as likely (or unlikely) to buy. For me, it’s a question of the right price for what you get.

    Yes, insurance rates will go up. How much is insurance for an average 2000sf house these days? Around $1,400/year?

    October 23, 2007 at 10:43 AM #91023
    patientlywaiting
    Participant

    Since, like you, I’m not emotional, I’m equally as likely (or unlikely) to buy. For me, it’s a question of the right price for what you get.

    Yes, insurance rates will go up. How much is insurance for an average 2000sf house these days? Around $1,400/year?

    October 23, 2007 at 10:43 AM #91036
    patientlywaiting
    Participant

    Since, like you, I’m not emotional, I’m equally as likely (or unlikely) to buy. For me, it’s a question of the right price for what you get.

    Yes, insurance rates will go up. How much is insurance for an average 2000sf house these days? Around $1,400/year?

    October 23, 2007 at 11:00 AM #91014
    farbet
    Participant

    Unlikely to buy anytime.
    Isn’t San Diego the plsce to be,yada yada etc.
    Looking st Portlsnd,Oregon.

    October 23, 2007 at 11:00 AM #91034
    farbet
    Participant

    Unlikely to buy anytime.
    Isn’t San Diego the plsce to be,yada yada etc.
    Looking st Portlsnd,Oregon.

    October 23, 2007 at 11:00 AM #91046
    farbet
    Participant

    Unlikely to buy anytime.
    Isn’t San Diego the plsce to be,yada yada etc.
    Looking st Portlsnd,Oregon.

    October 23, 2007 at 11:02 AM #91016
    mixxalot
    Participant

    Less likely

    With the fires every few years burning most of the county down and major smoke pollution does change ones mind quickly.

    I would much rather buy a motor yacht and have the ability to escape the land rather than be stuck in a crowded shelter.

    Looking at northern california, Texas, Colorado and Florida.

    Does Texas have wild fires like San Diego?

    October 23, 2007 at 11:02 AM #91038
    mixxalot
    Participant

    Less likely

    With the fires every few years burning most of the county down and major smoke pollution does change ones mind quickly.

    I would much rather buy a motor yacht and have the ability to escape the land rather than be stuck in a crowded shelter.

    Looking at northern california, Texas, Colorado and Florida.

    Does Texas have wild fires like San Diego?

    October 23, 2007 at 11:02 AM #91050
    mixxalot
    Participant

    Less likely

    With the fires every few years burning most of the county down and major smoke pollution does change ones mind quickly.

    I would much rather buy a motor yacht and have the ability to escape the land rather than be stuck in a crowded shelter.

    Looking at northern california, Texas, Colorado and Florida.

    Does Texas have wild fires like San Diego?

    October 23, 2007 at 11:23 AM #91022
    jimmyle
    Participant

    I am less likely to buy in Poway, Rancho Bernardo, and may be Scripps Ranch and more like to buy in either West Mira Mesa or West Rancho Penaquitos where the risk of fires is less.

    October 23, 2007 at 11:23 AM #91045
    jimmyle
    Participant

    I am less likely to buy in Poway, Rancho Bernardo, and may be Scripps Ranch and more like to buy in either West Mira Mesa or West Rancho Penaquitos where the risk of fires is less.

    October 23, 2007 at 11:23 AM #91056
    jimmyle
    Participant

    I am less likely to buy in Poway, Rancho Bernardo, and may be Scripps Ranch and more like to buy in either West Mira Mesa or West Rancho Penaquitos where the risk of fires is less.

    October 23, 2007 at 11:34 AM #91028
    farbet
    Participant

    less likely add San Elijio Hills. Don;t forget this was a deadly fire here a few years ago in the Rancho Santa Fe Road-La costa area

    October 23, 2007 at 11:34 AM #91051
    farbet
    Participant

    less likely add San Elijio Hills. Don;t forget this was a deadly fire here a few years ago in the Rancho Santa Fe Road-La costa area

  • Author
    Posts
Viewing 15 posts - 1 through 15 (of 154 total)
1 2 3 … 9 10 11
  • You must be logged in to reply to this topic.