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December 30, 2006 at 2:49 AM #42426
Diego Mamani
Participant

Sales history for the same property. The first purchase was from the Irvine Company (builder).

03/1983 $152,500
06/1984 $150,500 (loss!)
10/1988 $255,000 (bubblelicious gain!)
12/1994 $223,000 (loss after 6 years!)
08/2005 $659,000 (ridiculously high bubble price)
10/2006 NOD filed

Lesson: Don’t be a GF like those who bought in 1988 and 2005 above (the latter put $0 down). Does this history suggest that we should buy in the next year that ends in “4”? (just kidding).