- This topic has 16 replies, 7 voices, and was last updated 12 years, 10 months ago by
CA renter.
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March 1, 2012 at 3:07 AM #19556March 1, 2012 at 3:45 AM #739007
CoronitaParticipantCongrats CAR on your new home purchase!
Looks like piggs on the fence are dropping like flies now….
March 1, 2012 at 5:06 PM #739054CA renter
ParticipantThank you, flu. 🙂
Yep, there are very few fence-sitters left from what I can tell. Bear capitulation??? 😉
March 1, 2012 at 6:44 PM #739059
svelteParticipantHey that’s great news CAR! Congrats!
And looking out for your LL and us piggs, that is a really thoughtful thing to do.
March 1, 2012 at 8:18 PM #739063temeculaguy
Participanti go out of town for a week and CAR buys a house!!!! Congrats, welcome to the dark side, we have cookies. Can we officially declare this the bottom? Walter, CAR, JP, Rich, are there anymore old school bears left? CNBC’s slide show today was about which towns have rebounded the most and Diana Olick’s report today was about how short sales now outnumber repo’s for closings. Warren Buffet said he would buy as many SFR’s as he could right now. The data is changing, however national data is nothing compared to my favorite barometer, piggs. If I were the NAR, I would find a way to use this site as my supportive data, using a timeline of quotes, placing dates next to them and then the date the person bought. I’ve never been nervous about my decision to re-enter the world of home ownership, but after seeing some of the last big dogs get off the porch, my confidence level on a scale of 1 to 10 is at about 100 right now. I think order has been restored to the universe and the circle of life is complete. Now what will be next bubble and how do we avoid it together?
March 1, 2012 at 9:26 PM #739069sdrealtor
ParticipantHate to break it to you TG but this is old news. The CAR family closed almost 6 months ago.
March 1, 2012 at 10:27 PM #739078Anonymous
GuestLCH elementary? Thanks.
March 1, 2012 at 11:07 PM #739082ParticipantYes that house is adjacent to lc heights elementary. Jr high is Oakcrest.
March 2, 2012 at 12:27 AM #739086Participant[quote=sdrealtor]Hate to break it to you TG but this is old news. The CAR family closed almost 6 months ago.[/quote]
In my defense, other posters were congratulating them and the dates of their posts were also today. Also in my defense, this is not the first thing to have gotten by me and based on my ever declining faculties, it will not be the last. I’m late to most parties, but I bring it when I arrive, it’s part of my charm. I tend to miss a lot during my sporadic forays into the occasional romantic entanglement. I’d love to say I will improve, but I won’t, so a belated congrats to the Car’s.
March 2, 2012 at 1:43 AM #739089ParticipantThank you very much, TG! 🙂
Though we bought it awhile ago, we’ve done a lot of work on it, so are still in our rental. For us, the exciting part (moving in) is yet to come, so your kind words are very much appreciated. 🙂
We don’t think we’re near the bottom, at least not for this area, but we found what we would call our “dream house,” and bought it at a price that is very much in line with what we were planning to pay while bubble-sitting. We’re as happy as scaredy was when they bought…which is pretty amazing, because I think he and I were the biggest worriers of all. I was also nervous about being almost entirely positioned for deflation, and while I firmly believe that deflation is the primary undercurrent for the foreseeable future, there is plenty of reason to worry about a currency collapse, too.
Also, we had to weigh what we were paying on rent vs. further price declines, and try to figure out how long that would take to play out. As it stands, we’re at about break-even with rent paid vs. price drops in our area. Not sure we’d end up saving any money if the rent we pay is equal to or greater than any realized price drops from here on out. That, and the fact that the kids aren’t getting any younger. We wanted to buy our “family” house while the kids are still living with us.
We intend to live out the rest of our days in this house…so price declines don’t mean quite as much to us. It was a matter of saving money that we’d rather have go toward retirement/emergency savings vs. spending too much on a house. We never had a goal of making a profit on our next house.
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Svelte,
Thank you!!! 🙂
March 2, 2012 at 5:47 AM #739099ParticipantAs it should be. Must be nice to have been able to take all this time to remodel before moving in
March 2, 2012 at 7:36 AM #739111CoronitaParticipantI think you need to change your handle now to ca owner 🙂
March 2, 2012 at 10:22 AM #739142Ren
ParticipantCAR, can you tell me what high school serves this neighborhood?
With the right schools, we would LEAP into this rental, especially at the lower end of that estimate (~$2,500-$2,600), but we’ve got 8 months to go on our 3-year owner-occupied tax credit servitude. For the right place, we’ll find a way around that.
We’re looking to stay in a rental for maybe 5 years and are dream tenants. Our Shih Tzu has a lot of attitude but is quite house-broken.
March 2, 2012 at 10:53 AM #739147ParticipantRen
That house attends La Costa Canyon which is very closeby. You would also have the ability to apply to attend San Dieuguito Academy but that is on a lottery basis.FWIW it is a very nice mature neighborhood. Its a 5 to 10 minute (or less drive) to just about anything you could ever need. It is adjacent to my neighborhood and I literally drive by that house at least twice a day.
March 2, 2012 at 10:54 AM #739148ParticipantThanks, sdr.
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