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Viewing 15 posts - 61 through 75 (of 91 total)
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  • October 27, 2009 at 9:00 PM #475297
    mercedes7
    Participant

    Seaward…I work in Serra Mesa, 92123. Guess we are competition, but don’t worry, I’m a pushover.

    SD Realtor…thanks for your perspective. I will continue to look, but have decided not to jump into anything unless/until I find something I really like. Will be looking daily this winter.

    I am not convinced that all this government intervention will (in the end) save our economy, but that remains to be seen. At some point these banks have to start taking possession of these homes and ultimatley dispose of them some how. Very interesting thread right now about people living in homes for a long time and not making their payments, thus providing extra cash flow to do other things with. Eventually that has to stop. As far as interest rates, Geither came out with news that they would be lengthing bond maturities which should steepen the yield curve and cause interest rates to tick up a bit (we shall see).

    Temeculaguy, I read your forum with interest when you bought your house. I think you have a pretty interesting perspective on the SD market too, as you were the one who argued that there will be a floor under certain areas. That got me to thinking and start looking. Temecula would be too far of a commute, but the idea of having no house payment is tempting.

    Anyway, thanks for info…I’ll keep you posted.

    October 27, 2009 at 11:53 PM #474514
    SD Realtor
    Participant

    Mercedes I honestly don’t see how you can go wrong by waiting. There really is no rush, keep building up a cash pile.

    Seaward, Mira Mesa gets a bad wrap mostly from people who do not live there. I know alot of folks that live there and they enjoy it and didn’t have to spend every last penny on a home. There is pretty stiff competition though due to lower prices.

    Again, no rush to do anything. Keep your head up and watch things. Do what works for you and waiting a year or two never hurts. Just build up cash.

    October 27, 2009 at 11:53 PM #474691
    SD Realtor
    Participant

    Mercedes I honestly don’t see how you can go wrong by waiting. There really is no rush, keep building up a cash pile.

    Seaward, Mira Mesa gets a bad wrap mostly from people who do not live there. I know alot of folks that live there and they enjoy it and didn’t have to spend every last penny on a home. There is pretty stiff competition though due to lower prices.

    Again, no rush to do anything. Keep your head up and watch things. Do what works for you and waiting a year or two never hurts. Just build up cash.

    October 27, 2009 at 11:53 PM #475055
    SD Realtor
    Participant

    Mercedes I honestly don’t see how you can go wrong by waiting. There really is no rush, keep building up a cash pile.

    Seaward, Mira Mesa gets a bad wrap mostly from people who do not live there. I know alot of folks that live there and they enjoy it and didn’t have to spend every last penny on a home. There is pretty stiff competition though due to lower prices.

    Again, no rush to do anything. Keep your head up and watch things. Do what works for you and waiting a year or two never hurts. Just build up cash.

    October 27, 2009 at 11:53 PM #475132
    SD Realtor
    Participant

    Mercedes I honestly don’t see how you can go wrong by waiting. There really is no rush, keep building up a cash pile.

    Seaward, Mira Mesa gets a bad wrap mostly from people who do not live there. I know alot of folks that live there and they enjoy it and didn’t have to spend every last penny on a home. There is pretty stiff competition though due to lower prices.

    Again, no rush to do anything. Keep your head up and watch things. Do what works for you and waiting a year or two never hurts. Just build up cash.

    October 27, 2009 at 11:53 PM #475358
    SD Realtor
    Participant

    Mercedes I honestly don’t see how you can go wrong by waiting. There really is no rush, keep building up a cash pile.

    Seaward, Mira Mesa gets a bad wrap mostly from people who do not live there. I know alot of folks that live there and they enjoy it and didn’t have to spend every last penny on a home. There is pretty stiff competition though due to lower prices.

    Again, no rush to do anything. Keep your head up and watch things. Do what works for you and waiting a year or two never hurts. Just build up cash.

    October 28, 2009 at 7:08 AM #474569
    TheSeaward
    Participant

    Yeah I never minded Mira Mesa. There are nicer parts too if you need that kind of house. Guess I will save and look, but interest rates are just ugh … 1.3%.

    October 28, 2009 at 7:08 AM #474746
    TheSeaward
    Participant

    Yeah I never minded Mira Mesa. There are nicer parts too if you need that kind of house. Guess I will save and look, but interest rates are just ugh … 1.3%.

    October 28, 2009 at 7:08 AM #475110
    TheSeaward
    Participant

    Yeah I never minded Mira Mesa. There are nicer parts too if you need that kind of house. Guess I will save and look, but interest rates are just ugh … 1.3%.

    October 28, 2009 at 7:08 AM #475187
    TheSeaward
    Participant

    Yeah I never minded Mira Mesa. There are nicer parts too if you need that kind of house. Guess I will save and look, but interest rates are just ugh … 1.3%.

    October 28, 2009 at 7:08 AM #475412
    TheSeaward
    Participant

    Yeah I never minded Mira Mesa. There are nicer parts too if you need that kind of house. Guess I will save and look, but interest rates are just ugh … 1.3%.

    October 28, 2009 at 8:56 AM #474654
    Anonymous
    Guest

    Real easy….

    If you have cash now is NOT THE TIME to buy houses when interest rates are low….

    Go study the 1970’s stagflation model. History always repeats itself usually in 25 and 70 year cycles.

    The govie is going to keep printing money and stealing our money and redistributing to the most pressing fires (extend Unemployment bennies, more tax incentives to buy houses, health care, stupid wars, more cash for BS programs (appliances are next), GMAC Financial needs a third bailout today, states are BK and will play their hand against the federal to get money for police and fire or they will tell them to bring in the national guard and pay for it themselves, pensions funds and municipal bond bailouts, on and on an on). It is all coming down home to roost not to mention the CRE explosion that will be here in the next 6 months…..

    More debt and more risk to the debt investor means, go visit the 1980’s charts for interest rates and when we get to EVEN 10% the housing market by a mathematical certainty will drop another 35%. I don’t care if you live in La Jolla or El Centro.

    Buy with CASH when rates are HIGH my friend. Good luck to you, and don’t get greedy or impatient.

    October 28, 2009 at 8:56 AM #474830
    Anonymous
    Guest

    Real easy….

    If you have cash now is NOT THE TIME to buy houses when interest rates are low….

    Go study the 1970’s stagflation model. History always repeats itself usually in 25 and 70 year cycles.

    The govie is going to keep printing money and stealing our money and redistributing to the most pressing fires (extend Unemployment bennies, more tax incentives to buy houses, health care, stupid wars, more cash for BS programs (appliances are next), GMAC Financial needs a third bailout today, states are BK and will play their hand against the federal to get money for police and fire or they will tell them to bring in the national guard and pay for it themselves, pensions funds and municipal bond bailouts, on and on an on). It is all coming down home to roost not to mention the CRE explosion that will be here in the next 6 months…..

    More debt and more risk to the debt investor means, go visit the 1980’s charts for interest rates and when we get to EVEN 10% the housing market by a mathematical certainty will drop another 35%. I don’t care if you live in La Jolla or El Centro.

    Buy with CASH when rates are HIGH my friend. Good luck to you, and don’t get greedy or impatient.

    October 28, 2009 at 8:56 AM #475195
    Anonymous
    Guest

    Real easy….

    If you have cash now is NOT THE TIME to buy houses when interest rates are low….

    Go study the 1970’s stagflation model. History always repeats itself usually in 25 and 70 year cycles.

    The govie is going to keep printing money and stealing our money and redistributing to the most pressing fires (extend Unemployment bennies, more tax incentives to buy houses, health care, stupid wars, more cash for BS programs (appliances are next), GMAC Financial needs a third bailout today, states are BK and will play their hand against the federal to get money for police and fire or they will tell them to bring in the national guard and pay for it themselves, pensions funds and municipal bond bailouts, on and on an on). It is all coming down home to roost not to mention the CRE explosion that will be here in the next 6 months…..

    More debt and more risk to the debt investor means, go visit the 1980’s charts for interest rates and when we get to EVEN 10% the housing market by a mathematical certainty will drop another 35%. I don’t care if you live in La Jolla or El Centro.

    Buy with CASH when rates are HIGH my friend. Good luck to you, and don’t get greedy or impatient.

    October 28, 2009 at 8:56 AM #475270
    Anonymous
    Guest

    Real easy….

    If you have cash now is NOT THE TIME to buy houses when interest rates are low….

    Go study the 1970’s stagflation model. History always repeats itself usually in 25 and 70 year cycles.

    The govie is going to keep printing money and stealing our money and redistributing to the most pressing fires (extend Unemployment bennies, more tax incentives to buy houses, health care, stupid wars, more cash for BS programs (appliances are next), GMAC Financial needs a third bailout today, states are BK and will play their hand against the federal to get money for police and fire or they will tell them to bring in the national guard and pay for it themselves, pensions funds and municipal bond bailouts, on and on an on). It is all coming down home to roost not to mention the CRE explosion that will be here in the next 6 months…..

    More debt and more risk to the debt investor means, go visit the 1980’s charts for interest rates and when we get to EVEN 10% the housing market by a mathematical certainty will drop another 35%. I don’t care if you live in La Jolla or El Centro.

    Buy with CASH when rates are HIGH my friend. Good luck to you, and don’t get greedy or impatient.

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