Are you looking to get in on the ground floor? Think again.

[Eugene]

Might be a good choice if you’re a CIO. If market turns sufficiently bad, it might fall within reach of a neurosurgeon.

For the rest of us who are neither CIOS nor neurosurgeons, here is a couple of possible primo properties (I’m considering buying in that neighborhood eventually if my stock options turn around):

http://www.sdlookup.com/MLS-086011587-4150_Vista_Bonita_Ln_Escondido_CA_92025
http://www.sdlookup.com/MLS-076096696-3026_Don_Rolando_Rd_Escondido_CA_92025

All that for the price of a 3br condo in Carmel Valley.

[sdrealtor]

PW,
You are missing the point any property that price will look great to most but is it a great property for the price range and the general area. maybe, maybe not.

The right 1BR condo in Chulajuana roperty could be a primo property for someone looking in that area in that price range. Its all relative.

[sdrealtor]

PW,
You are missing the point any property that price will look great to most but is it a great property for the price range and the general area. maybe, maybe not.

The right 1BR condo in Chulajuana roperty could be a primo property for someone looking in that area in that price range. Its all relative.

[sdrealtor]

PW,
You are missing the point any property that price will look great to most but is it a great property for the price range and the general area. maybe, maybe not.

The right 1BR condo in Chulajuana roperty could be a primo property for someone looking in that area in that price range. Its all relative.

[sdrealtor]

PW,
You are missing the point any property that price will look great to most but is it a great property for the price range and the general area. maybe, maybe not.

The right 1BR condo in Chulajuana roperty could be a primo property for someone looking in that area in that price range. Its all relative.

[sdrealtor]

PW,
You are missing the point any property that price will look great to most but is it a great property for the price range and the general area. maybe, maybe not.

The right 1BR condo in Chulajuana roperty could be a primo property for someone looking in that area in that price range. Its all relative.

[Ozzie]

The RE market here has me confused. My wife has been reading the dismal headlines for the last year and thinks that we need to sell our home in South Carlsbad and either buy a foreclosure or short sale “steal” or rent a similar property for 30-50% less than our mortgage. Ran into a couple problems and selling our home isn’t one of them. In fact, we have two parties that would buy our house if we were to move. Based on a couple recent sales nearby it would be a great price. The problem is finding a replacement property that is anywhere near as nice as what we have for a price that we consider a bargain. Rents for decent, newer SFD homes are running $1.20 – $1.30 a sq foot and that’s what we pay for our mortgage so renting gets us nothing and we’d have to move to a new neighborhood whereas we love the area we’re in so the rental path does not work. Finding a foreclosure would mean we would have to sell, rent, and then be ready to pounce on something when we see it. That means two moves, storing our furnishings for a while, and not being assured we’d find something that comes close to the lifestyle we currently enjoy. Again it just doesn’t make sense. The big surprise to me was how much rents have increased. I expected lots of empty houses in 92009 and 92024, but we’re not there yet. Maybe in 2009 after more resets or will everyone inlcuding the banks be bailed out by then?

[Ozzie]

The RE market here has me confused. My wife has been reading the dismal headlines for the last year and thinks that we need to sell our home in South Carlsbad and either buy a foreclosure or short sale “steal” or rent a similar property for 30-50% less than our mortgage. Ran into a couple problems and selling our home isn’t one of them. In fact, we have two parties that would buy our house if we were to move. Based on a couple recent sales nearby it would be a great price. The problem is finding a replacement property that is anywhere near as nice as what we have for a price that we consider a bargain. Rents for decent, newer SFD homes are running $1.20 – $1.30 a sq foot and that’s what we pay for our mortgage so renting gets us nothing and we’d have to move to a new neighborhood whereas we love the area we’re in so the rental path does not work. Finding a foreclosure would mean we would have to sell, rent, and then be ready to pounce on something when we see it. That means two moves, storing our furnishings for a while, and not being assured we’d find something that comes close to the lifestyle we currently enjoy. Again it just doesn’t make sense. The big surprise to me was how much rents have increased. I expected lots of empty houses in 92009 and 92024, but we’re not there yet. Maybe in 2009 after more resets or will everyone inlcuding the banks be bailed out by then?

[Ozzie]

The RE market here has me confused. My wife has been reading the dismal headlines for the last year and thinks that we need to sell our home in South Carlsbad and either buy a foreclosure or short sale “steal” or rent a similar property for 30-50% less than our mortgage. Ran into a couple problems and selling our home isn’t one of them. In fact, we have two parties that would buy our house if we were to move. Based on a couple recent sales nearby it would be a great price. The problem is finding a replacement property that is anywhere near as nice as what we have for a price that we consider a bargain. Rents for decent, newer SFD homes are running $1.20 – $1.30 a sq foot and that’s what we pay for our mortgage so renting gets us nothing and we’d have to move to a new neighborhood whereas we love the area we’re in so the rental path does not work. Finding a foreclosure would mean we would have to sell, rent, and then be ready to pounce on something when we see it. That means two moves, storing our furnishings for a while, and not being assured we’d find something that comes close to the lifestyle we currently enjoy. Again it just doesn’t make sense. The big surprise to me was how much rents have increased. I expected lots of empty houses in 92009 and 92024, but we’re not there yet. Maybe in 2009 after more resets or will everyone inlcuding the banks be bailed out by then?

[Ozzie]

The RE market here has me confused. My wife has been reading the dismal headlines for the last year and thinks that we need to sell our home in South Carlsbad and either buy a foreclosure or short sale “steal” or rent a similar property for 30-50% less than our mortgage. Ran into a couple problems and selling our home isn’t one of them. In fact, we have two parties that would buy our house if we were to move. Based on a couple recent sales nearby it would be a great price. The problem is finding a replacement property that is anywhere near as nice as what we have for a price that we consider a bargain. Rents for decent, newer SFD homes are running $1.20 – $1.30 a sq foot and that’s what we pay for our mortgage so renting gets us nothing and we’d have to move to a new neighborhood whereas we love the area we’re in so the rental path does not work. Finding a foreclosure would mean we would have to sell, rent, and then be ready to pounce on something when we see it. That means two moves, storing our furnishings for a while, and not being assured we’d find something that comes close to the lifestyle we currently enjoy. Again it just doesn’t make sense. The big surprise to me was how much rents have increased. I expected lots of empty houses in 92009 and 92024, but we’re not there yet. Maybe in 2009 after more resets or will everyone inlcuding the banks be bailed out by then?

[Ozzie]

The RE market here has me confused. My wife has been reading the dismal headlines for the last year and thinks that we need to sell our home in South Carlsbad and either buy a foreclosure or short sale “steal” or rent a similar property for 30-50% less than our mortgage. Ran into a couple problems and selling our home isn’t one of them. In fact, we have two parties that would buy our house if we were to move. Based on a couple recent sales nearby it would be a great price. The problem is finding a replacement property that is anywhere near as nice as what we have for a price that we consider a bargain. Rents for decent, newer SFD homes are running $1.20 – $1.30 a sq foot and that’s what we pay for our mortgage so renting gets us nothing and we’d have to move to a new neighborhood whereas we love the area we’re in so the rental path does not work. Finding a foreclosure would mean we would have to sell, rent, and then be ready to pounce on something when we see it. That means two moves, storing our furnishings for a while, and not being assured we’d find something that comes close to the lifestyle we currently enjoy. Again it just doesn’t make sense. The big surprise to me was how much rents have increased. I expected lots of empty houses in 92009 and 92024, but we’re not there yet. Maybe in 2009 after more resets or will everyone inlcuding the banks be bailed out by then?

[SD Realtor]

Oz your strategy works ONLY if you are prepared to NOT buy for awhile. I have a client who just did what you are thinking about. They live in Olde Carlsbad and they priced aggressively and sold quickly at below the asking price. They are going to rent but they will not be returning to buy a home until at least 2010-2011. You cannot expect to make the plan you have worthwhile by being able to make a purchase in the short term. To be able to enjoy a rise in equity due to a price reduction, a lower tax base, and a similar lifestyle you will have to be prepared sell now and then simply wait…wait…wait.

SD Realtor

[SD Realtor]

Oz your strategy works ONLY if you are prepared to NOT buy for awhile. I have a client who just did what you are thinking about. They live in Olde Carlsbad and they priced aggressively and sold quickly at below the asking price. They are going to rent but they will not be returning to buy a home until at least 2010-2011. You cannot expect to make the plan you have worthwhile by being able to make a purchase in the short term. To be able to enjoy a rise in equity due to a price reduction, a lower tax base, and a similar lifestyle you will have to be prepared sell now and then simply wait…wait…wait.

SD Realtor

[SD Realtor]

Oz your strategy works ONLY if you are prepared to NOT buy for awhile. I have a client who just did what you are thinking about. They live in Olde Carlsbad and they priced aggressively and sold quickly at below the asking price. They are going to rent but they will not be returning to buy a home until at least 2010-2011. You cannot expect to make the plan you have worthwhile by being able to make a purchase in the short term. To be able to enjoy a rise in equity due to a price reduction, a lower tax base, and a similar lifestyle you will have to be prepared sell now and then simply wait…wait…wait.

SD Realtor

[SD Realtor]

Oz your strategy works ONLY if you are prepared to NOT buy for awhile. I have a client who just did what you are thinking about. They live in Olde Carlsbad and they priced aggressively and sold quickly at below the asking price. They are going to rent but they will not be returning to buy a home until at least 2010-2011. You cannot expect to make the plan you have worthwhile by being able to make a purchase in the short term. To be able to enjoy a rise in equity due to a price reduction, a lower tax base, and a similar lifestyle you will have to be prepared sell now and then simply wait…wait…wait.

SD Realtor

[Author]

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