Ahh revenge……..how sweet it is!

[(former)FormerSanDiegan]

[quote=fat_lazy_union_worker][quote=snail]Don’t be getting to giddy, I always remind myself that I was lucky to be able to sell during the run up to the top and resisted buying all those time. [/quote]

I would second that.

First it’s anyone’s guess how the extent of this rude awakening housing crisis is going to impact the entire economy and specifically each person (the recession spillover affect)

Second, in the example above a home was purchased for $300k, and currently sits at $285k. Assuming this was primary home to be lived in, that was $15k from sale price…BUT, I’m curious, how much rent have you been paying total from 2003-2008? Doesn’t it kinda wash out (at least for now)?

[/quote]

What price did you originally pay, Murf ?

Certainly avoiding a purchase once you sold was wise. However, FLU makes a good point. Buying low and never selling also works.

[Coronita]

No doubt there are good reasons to sell. I’m not trying to be snide in this post (really, I do have my moments when my sarcasm meter is turned off). I was just trying to figure out from the inland empire perspective, what would be a almost breakeven point.

The number seemed to suggest even if you bought in 2003, you still would be ok if the property was held, but I have no idea what rent factors in.

Also, it doesn’t factor in any needs to move to other areas (such as job transfers etc). But it seemed like the original poster also was staying in the same area. So I was just curious what the cost/benefit analysis would look like.

To the original poster, you can never make a wrong decision when your decision doesn’t cause you to lose money imho.

[Coronita]

No doubt there are good reasons to sell. I’m not trying to be snide in this post (really, I do have my moments when my sarcasm meter is turned off). I was just trying to figure out from the inland empire perspective, what would be a almost breakeven point.

The number seemed to suggest even if you bought in 2003, you still would be ok if the property was held, but I have no idea what rent factors in.

Also, it doesn’t factor in any needs to move to other areas (such as job transfers etc). But it seemed like the original poster also was staying in the same area. So I was just curious what the cost/benefit analysis would look like.

To the original poster, you can never make a wrong decision when your decision doesn’t cause you to lose money imho.

[Coronita]

No doubt there are good reasons to sell. I’m not trying to be snide in this post (really, I do have my moments when my sarcasm meter is turned off). I was just trying to figure out from the inland empire perspective, what would be a almost breakeven point.

The number seemed to suggest even if you bought in 2003, you still would be ok if the property was held, but I have no idea what rent factors in.

Also, it doesn’t factor in any needs to move to other areas (such as job transfers etc). But it seemed like the original poster also was staying in the same area. So I was just curious what the cost/benefit analysis would look like.

To the original poster, you can never make a wrong decision when your decision doesn’t cause you to lose money imho.

[Coronita]

No doubt there are good reasons to sell. I’m not trying to be snide in this post (really, I do have my moments when my sarcasm meter is turned off). I was just trying to figure out from the inland empire perspective, what would be a almost breakeven point.

The number seemed to suggest even if you bought in 2003, you still would be ok if the property was held, but I have no idea what rent factors in.

Also, it doesn’t factor in any needs to move to other areas (such as job transfers etc). But it seemed like the original poster also was staying in the same area. So I was just curious what the cost/benefit analysis would look like.

To the original poster, you can never make a wrong decision when your decision doesn’t cause you to lose money imho.

[Coronita]

No doubt there are good reasons to sell. I’m not trying to be snide in this post (really, I do have my moments when my sarcasm meter is turned off). I was just trying to figure out from the inland empire perspective, what would be a almost breakeven point.

The number seemed to suggest even if you bought in 2003, you still would be ok if the property was held, but I have no idea what rent factors in.

Also, it doesn’t factor in any needs to move to other areas (such as job transfers etc). But it seemed like the original poster also was staying in the same area. So I was just curious what the cost/benefit analysis would look like.

To the original poster, you can never make a wrong decision when your decision doesn’t cause you to lose money imho.

[nostradamus]

Wouldn’t Lucifer prefer one of Stone Brewery’s beers? They even have L’s pic on most bottles.

[img_assist|nid=8181|title=|desc=|link=node|align=center|width=800|height=600]

I sometimes think I should have sold my place at the peak… I bought it for $130k and lesser units than mine went for over $400k at the peak. I don’t think it will ever get to that value again.

[nostradamus]

Wouldn’t Lucifer prefer one of Stone Brewery’s beers? They even have L’s pic on most bottles.

[img_assist|nid=8181|title=|desc=|link=node|align=center|width=800|height=600]

I sometimes think I should have sold my place at the peak… I bought it for $130k and lesser units than mine went for over $400k at the peak. I don’t think it will ever get to that value again.

[nostradamus]

Wouldn’t Lucifer prefer one of Stone Brewery’s beers? They even have L’s pic on most bottles.

[img_assist|nid=8181|title=|desc=|link=node|align=center|width=800|height=600]

I sometimes think I should have sold my place at the peak… I bought it for $130k and lesser units than mine went for over $400k at the peak. I don’t think it will ever get to that value again.

[nostradamus]

Wouldn’t Lucifer prefer one of Stone Brewery’s beers? They even have L’s pic on most bottles.

[img_assist|nid=8181|title=|desc=|link=node|align=center|width=800|height=600]

I sometimes think I should have sold my place at the peak… I bought it for $130k and lesser units than mine went for over $400k at the peak. I don’t think it will ever get to that value again.

[nostradamus]

Wouldn’t Lucifer prefer one of Stone Brewery’s beers? They even have L’s pic on most bottles.

[img_assist|nid=8181|title=|desc=|link=node|align=center|width=800|height=600]

I sometimes think I should have sold my place at the peak… I bought it for $130k and lesser units than mine went for over $400k at the peak. I don’t think it will ever get to that value again.

[ibjames]

I don’t know why you get giddy about it, you profited and moved on. Other people bought, it’s like a game of musical chairs.. but the person who gets the chair in the end loses.

It’s not like the person tried to screw you like my case. I almost foolishly bought a small condo (we just moved here, everyone was telling us that is the way to go, no interest etc. etc. is the CA way to buy a house) price was over 400k, we would have to stretch and have a foolish loan to pay that. We bid 370, knowing that prices are going down.. it went back and forth.. they wouldn’t go past 390, we wouldn’t go past 385. They told us to shove off..

They later begged us to come back.. but by then I had discovered this site, and knew I wasn’t going to be buying for years.

Those places are now listed for 310, who knows if they will sell for that..

[ibjames]

I don’t know why you get giddy about it, you profited and moved on. Other people bought, it’s like a game of musical chairs.. but the person who gets the chair in the end loses.

It’s not like the person tried to screw you like my case. I almost foolishly bought a small condo (we just moved here, everyone was telling us that is the way to go, no interest etc. etc. is the CA way to buy a house) price was over 400k, we would have to stretch and have a foolish loan to pay that. We bid 370, knowing that prices are going down.. it went back and forth.. they wouldn’t go past 390, we wouldn’t go past 385. They told us to shove off..

They later begged us to come back.. but by then I had discovered this site, and knew I wasn’t going to be buying for years.

Those places are now listed for 310, who knows if they will sell for that..

[ibjames]

I don’t know why you get giddy about it, you profited and moved on. Other people bought, it’s like a game of musical chairs.. but the person who gets the chair in the end loses.

It’s not like the person tried to screw you like my case. I almost foolishly bought a small condo (we just moved here, everyone was telling us that is the way to go, no interest etc. etc. is the CA way to buy a house) price was over 400k, we would have to stretch and have a foolish loan to pay that. We bid 370, knowing that prices are going down.. it went back and forth.. they wouldn’t go past 390, we wouldn’t go past 385. They told us to shove off..

They later begged us to come back.. but by then I had discovered this site, and knew I wasn’t going to be buying for years.

Those places are now listed for 310, who knows if they will sell for that..

[ibjames]

I don’t know why you get giddy about it, you profited and moved on. Other people bought, it’s like a game of musical chairs.. but the person who gets the chair in the end loses.

It’s not like the person tried to screw you like my case. I almost foolishly bought a small condo (we just moved here, everyone was telling us that is the way to go, no interest etc. etc. is the CA way to buy a house) price was over 400k, we would have to stretch and have a foolish loan to pay that. We bid 370, knowing that prices are going down.. it went back and forth.. they wouldn’t go past 390, we wouldn’t go past 385. They told us to shove off..

They later begged us to come back.. but by then I had discovered this site, and knew I wasn’t going to be buying for years.

Those places are now listed for 310, who knows if they will sell for that..

[Author]

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