Okay, the Charger game is over, so I can post again. Some really great post. I thought sdrealtor’s post earlier in the string was right on. He mentions the fact that he is bummed that he did not hit it as hard as he could have. I love the honesty.
Hell, I am bummed I sold a property in Eastside Costa Mesa Jan O4. We made $140k (90k profit) in 10 months. At the time I thought, we have got to get out. This is getting crazy. There is no way things can go higher. We are talking 700sq ft 2bd 1ba. Two sales after us in June 05 the property went for another 200k then I sold it for (with remodel).
A couple of other thoughts on what was replied.
1. What is the avg. age of people on this site. I was 28 in 97, so we were young, but able to buy. The one thing I remember is that back then the only options I remember for a mortgage was 20 or 15 fixed with money done. Even a modest place was a stretch. Thus, I was assuming that most of us on this site are my age.
2. To the post about being primed for another 9/11. Don’t you think that the Govt. allowed this to help pull us out of the recession that followed 9/11. Once it got started, who wants to stop the ride for prudence sake.
3.While my post look like I am bagging on renters, I am not. I actually work with low income people for a living, and in no way think owning a home brings merit to a person. As said I said earlier, I was just tired of the smugness from some who I feel are upset due to poor timing and hiding under the mask of prudent investors.
P.S. There was some really good post in this string. It seems as authentic as anything I have seen. Oh, and yes to being pissed about using tax payer $ to fix this thing. “It just ain’t right.”
Strength and Honor
