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San Diego Native.
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July 10, 2008 at 12:08 PM #237075July 10, 2008 at 9:44 PM #237150
murf2222
ParticipantSo the back story is………
Bought the house brand new in 1994 for 155K. Because of the recession the house’s value was stagnate for about 8 years.
Our house was broken into TWICE in 6 months and we said Fu^@! this town and everyone in it. Was listed for sale on a Thursday in Nov 2003 and by that Saturday we had 15 offers, all of them over our listing price of 275K. After enduring all those years with zero appreciation we were flabergasted that the market had skyrocketed so quickly.
Alot of my work comes from San Diego so I talked the wife into buying a boat and living on it in San Diego bay for 6 months til we figured out what part of Diego we’d buy our next house in.
The next 2 years’ leisure time consisted of the Mrs. taking me thru open houses…….Steam would be coming from my ears after about 4 of 5 of em because of the outrageous prices……. The rest of the weekend would be misc. arguing/yelling.
In addition to this weekend “fun” I monitored the price escalation of the neighborhood we sold in……It rose to 400K and I was calm, just grateful that we made what we did……then it went up to 500K and I started feeling a little queazy…….at 600K I think I threw up in my mouth!
So there you have it…… the root cause of my maniacal laughing at other peoples’ misery!
HAHAHAHAHAHAHA…….cheers Lucifer, make the next round a double.
Murf2222
July 10, 2008 at 9:44 PM #237282ParticipantSo the back story is………
Bought the house brand new in 1994 for 155K. Because of the recession the house’s value was stagnate for about 8 years.
Our house was broken into TWICE in 6 months and we said Fu^@! this town and everyone in it. Was listed for sale on a Thursday in Nov 2003 and by that Saturday we had 15 offers, all of them over our listing price of 275K. After enduring all those years with zero appreciation we were flabergasted that the market had skyrocketed so quickly.
Alot of my work comes from San Diego so I talked the wife into buying a boat and living on it in San Diego bay for 6 months til we figured out what part of Diego we’d buy our next house in.
The next 2 years’ leisure time consisted of the Mrs. taking me thru open houses…….Steam would be coming from my ears after about 4 of 5 of em because of the outrageous prices……. The rest of the weekend would be misc. arguing/yelling.
In addition to this weekend “fun” I monitored the price escalation of the neighborhood we sold in……It rose to 400K and I was calm, just grateful that we made what we did……then it went up to 500K and I started feeling a little queazy…….at 600K I think I threw up in my mouth!
So there you have it…… the root cause of my maniacal laughing at other peoples’ misery!
HAHAHAHAHAHAHA…….cheers Lucifer, make the next round a double.
Murf2222
July 10, 2008 at 9:44 PM #237291ParticipantSo the back story is………
Bought the house brand new in 1994 for 155K. Because of the recession the house’s value was stagnate for about 8 years.
Our house was broken into TWICE in 6 months and we said Fu^@! this town and everyone in it. Was listed for sale on a Thursday in Nov 2003 and by that Saturday we had 15 offers, all of them over our listing price of 275K. After enduring all those years with zero appreciation we were flabergasted that the market had skyrocketed so quickly.
Alot of my work comes from San Diego so I talked the wife into buying a boat and living on it in San Diego bay for 6 months til we figured out what part of Diego we’d buy our next house in.
The next 2 years’ leisure time consisted of the Mrs. taking me thru open houses…….Steam would be coming from my ears after about 4 of 5 of em because of the outrageous prices……. The rest of the weekend would be misc. arguing/yelling.
In addition to this weekend “fun” I monitored the price escalation of the neighborhood we sold in……It rose to 400K and I was calm, just grateful that we made what we did……then it went up to 500K and I started feeling a little queazy…….at 600K I think I threw up in my mouth!
So there you have it…… the root cause of my maniacal laughing at other peoples’ misery!
HAHAHAHAHAHAHA…….cheers Lucifer, make the next round a double.
Murf2222
July 10, 2008 at 9:44 PM #237339ParticipantSo the back story is………
Bought the house brand new in 1994 for 155K. Because of the recession the house’s value was stagnate for about 8 years.
Our house was broken into TWICE in 6 months and we said Fu^@! this town and everyone in it. Was listed for sale on a Thursday in Nov 2003 and by that Saturday we had 15 offers, all of them over our listing price of 275K. After enduring all those years with zero appreciation we were flabergasted that the market had skyrocketed so quickly.
Alot of my work comes from San Diego so I talked the wife into buying a boat and living on it in San Diego bay for 6 months til we figured out what part of Diego we’d buy our next house in.
The next 2 years’ leisure time consisted of the Mrs. taking me thru open houses…….Steam would be coming from my ears after about 4 of 5 of em because of the outrageous prices……. The rest of the weekend would be misc. arguing/yelling.
In addition to this weekend “fun” I monitored the price escalation of the neighborhood we sold in……It rose to 400K and I was calm, just grateful that we made what we did……then it went up to 500K and I started feeling a little queazy…….at 600K I think I threw up in my mouth!
So there you have it…… the root cause of my maniacal laughing at other peoples’ misery!
HAHAHAHAHAHAHA…….cheers Lucifer, make the next round a double.
Murf2222
July 10, 2008 at 9:44 PM #237351ParticipantSo the back story is………
Bought the house brand new in 1994 for 155K. Because of the recession the house’s value was stagnate for about 8 years.
Our house was broken into TWICE in 6 months and we said Fu^@! this town and everyone in it. Was listed for sale on a Thursday in Nov 2003 and by that Saturday we had 15 offers, all of them over our listing price of 275K. After enduring all those years with zero appreciation we were flabergasted that the market had skyrocketed so quickly.
Alot of my work comes from San Diego so I talked the wife into buying a boat and living on it in San Diego bay for 6 months til we figured out what part of Diego we’d buy our next house in.
The next 2 years’ leisure time consisted of the Mrs. taking me thru open houses…….Steam would be coming from my ears after about 4 of 5 of em because of the outrageous prices……. The rest of the weekend would be misc. arguing/yelling.
In addition to this weekend “fun” I monitored the price escalation of the neighborhood we sold in……It rose to 400K and I was calm, just grateful that we made what we did……then it went up to 500K and I started feeling a little queazy…….at 600K I think I threw up in my mouth!
So there you have it…… the root cause of my maniacal laughing at other peoples’ misery!
HAHAHAHAHAHAHA…….cheers Lucifer, make the next round a double.
Murf2222
July 10, 2008 at 10:42 PM #237165PadreBrian
ParticipantKind of stupid to hate someone because you sold too early… BTW, I would have sold in 2003 as well..especially after your stories. But, something tells me if you sat in fontaina for all of 2003, 2004, 2004, and 2006, you would still be there drinking the punch and convincing yourself that the market will rise again. So, consider yourself LUCKY you got out in ’03.
July 10, 2008 at 10:42 PM #237297ParticipantKind of stupid to hate someone because you sold too early… BTW, I would have sold in 2003 as well..especially after your stories. But, something tells me if you sat in fontaina for all of 2003, 2004, 2004, and 2006, you would still be there drinking the punch and convincing yourself that the market will rise again. So, consider yourself LUCKY you got out in ’03.
July 10, 2008 at 10:42 PM #237306ParticipantKind of stupid to hate someone because you sold too early… BTW, I would have sold in 2003 as well..especially after your stories. But, something tells me if you sat in fontaina for all of 2003, 2004, 2004, and 2006, you would still be there drinking the punch and convincing yourself that the market will rise again. So, consider yourself LUCKY you got out in ’03.
July 10, 2008 at 10:42 PM #237354ParticipantKind of stupid to hate someone because you sold too early… BTW, I would have sold in 2003 as well..especially after your stories. But, something tells me if you sat in fontaina for all of 2003, 2004, 2004, and 2006, you would still be there drinking the punch and convincing yourself that the market will rise again. So, consider yourself LUCKY you got out in ’03.
July 10, 2008 at 10:42 PM #237366ParticipantKind of stupid to hate someone because you sold too early… BTW, I would have sold in 2003 as well..especially after your stories. But, something tells me if you sat in fontaina for all of 2003, 2004, 2004, and 2006, you would still be there drinking the punch and convincing yourself that the market will rise again. So, consider yourself LUCKY you got out in ’03.
July 11, 2008 at 5:45 AM #237195jpinpb
ParticipantMurf2222 – man, I so can relate to your story. It’s pretty close to mine, on a lesser scale. I bought my place in ’91 and rode out a pretty darn real estate rough patch, barely, through the ’90’s. (stress aged me) Prices went down and remained so for a while.
Once through it, I saw some hefty price increases and finally got tempted enough to sell (prematurely – prices doubled on my place, so tell me about the sickening nausea).
I think each of us (perhaps many more out there) did not anticipate or expect the subprime free money. Take away free money, which extended the cycle much longer, we probably would have been okay. But the teaser rates allowed people to buy more house than they ordinarily would have. I mean teaser rates were like almost half the conventional loan – and gee, prices doubled.
In the interim, I enjoyed similar occasional weekends of looking at places and watching price increases which were demoralizing. I had to endure pressure from family and friends and S/O to buy. Heated discussions were common. Resisting was like swimming against the current.
But I refused to get on the subprime train. I thought it was only destined for Disasterville. People were happily going on board and pointing and laughing at me and waving goodbye like I was a loser.
So who’s laughing now. I do feel relieved to have gotten away unscathed and grateful for that. I don’t mind renting. It can be a liberating feeling. But having done both, I do miss having a house and hope to be able to buy again soon.
I am happy for you to see prices return to your original sales price. I am not seeing that yet for me here (very resistant), but perhaps there’s time for that land tsunami to affect SD and bring it down to close to that at least.
July 11, 2008 at 5:45 AM #237327ParticipantMurf2222 – man, I so can relate to your story. It’s pretty close to mine, on a lesser scale. I bought my place in ’91 and rode out a pretty darn real estate rough patch, barely, through the ’90’s. (stress aged me) Prices went down and remained so for a while.
Once through it, I saw some hefty price increases and finally got tempted enough to sell (prematurely – prices doubled on my place, so tell me about the sickening nausea).
I think each of us (perhaps many more out there) did not anticipate or expect the subprime free money. Take away free money, which extended the cycle much longer, we probably would have been okay. But the teaser rates allowed people to buy more house than they ordinarily would have. I mean teaser rates were like almost half the conventional loan – and gee, prices doubled.
In the interim, I enjoyed similar occasional weekends of looking at places and watching price increases which were demoralizing. I had to endure pressure from family and friends and S/O to buy. Heated discussions were common. Resisting was like swimming against the current.
But I refused to get on the subprime train. I thought it was only destined for Disasterville. People were happily going on board and pointing and laughing at me and waving goodbye like I was a loser.
So who’s laughing now. I do feel relieved to have gotten away unscathed and grateful for that. I don’t mind renting. It can be a liberating feeling. But having done both, I do miss having a house and hope to be able to buy again soon.
I am happy for you to see prices return to your original sales price. I am not seeing that yet for me here (very resistant), but perhaps there’s time for that land tsunami to affect SD and bring it down to close to that at least.
July 11, 2008 at 5:45 AM #237337ParticipantMurf2222 – man, I so can relate to your story. It’s pretty close to mine, on a lesser scale. I bought my place in ’91 and rode out a pretty darn real estate rough patch, barely, through the ’90’s. (stress aged me) Prices went down and remained so for a while.
Once through it, I saw some hefty price increases and finally got tempted enough to sell (prematurely – prices doubled on my place, so tell me about the sickening nausea).
I think each of us (perhaps many more out there) did not anticipate or expect the subprime free money. Take away free money, which extended the cycle much longer, we probably would have been okay. But the teaser rates allowed people to buy more house than they ordinarily would have. I mean teaser rates were like almost half the conventional loan – and gee, prices doubled.
In the interim, I enjoyed similar occasional weekends of looking at places and watching price increases which were demoralizing. I had to endure pressure from family and friends and S/O to buy. Heated discussions were common. Resisting was like swimming against the current.
But I refused to get on the subprime train. I thought it was only destined for Disasterville. People were happily going on board and pointing and laughing at me and waving goodbye like I was a loser.
So who’s laughing now. I do feel relieved to have gotten away unscathed and grateful for that. I don’t mind renting. It can be a liberating feeling. But having done both, I do miss having a house and hope to be able to buy again soon.
I am happy for you to see prices return to your original sales price. I am not seeing that yet for me here (very resistant), but perhaps there’s time for that land tsunami to affect SD and bring it down to close to that at least.
July 11, 2008 at 5:45 AM #237384ParticipantMurf2222 – man, I so can relate to your story. It’s pretty close to mine, on a lesser scale. I bought my place in ’91 and rode out a pretty darn real estate rough patch, barely, through the ’90’s. (stress aged me) Prices went down and remained so for a while.
Once through it, I saw some hefty price increases and finally got tempted enough to sell (prematurely – prices doubled on my place, so tell me about the sickening nausea).
I think each of us (perhaps many more out there) did not anticipate or expect the subprime free money. Take away free money, which extended the cycle much longer, we probably would have been okay. But the teaser rates allowed people to buy more house than they ordinarily would have. I mean teaser rates were like almost half the conventional loan – and gee, prices doubled.
In the interim, I enjoyed similar occasional weekends of looking at places and watching price increases which were demoralizing. I had to endure pressure from family and friends and S/O to buy. Heated discussions were common. Resisting was like swimming against the current.
But I refused to get on the subprime train. I thought it was only destined for Disasterville. People were happily going on board and pointing and laughing at me and waving goodbye like I was a loser.
So who’s laughing now. I do feel relieved to have gotten away unscathed and grateful for that. I don’t mind renting. It can be a liberating feeling. But having done both, I do miss having a house and hope to be able to buy again soon.
I am happy for you to see prices return to your original sales price. I am not seeing that yet for me here (very resistant), but perhaps there’s time for that land tsunami to affect SD and bring it down to close to that at least.
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