Bubblesitter Buys!

[DWCAP]

wow, uh ok.

a) I started reading cause I was getting crazy flak to buy, but it didnt make any financial sense. Took a while to learn what was really going on. Moved to SD and was a lurker in 2006. Poster in 2007. Does that give me chops yet or do I get my special pig decal only after a few more years?

b) You will please notice I also am happy for Bubblesitter. I wrote it directly into the first post. I am happy that they found a house they are happy with. I did not question flu’s congrats, and rather joined him. I questioned esmiths comment of correct timing without knowledge of more underlying facts. I questioned Waiting hawks assetation of good job because it denoted a sense of correct action to me when I first read it, but perhaps I miss read it as more than a simple gesture of happyness.
(Please notice I didnt ASK for any more facts, Bubblesitter has no reason nor cause to post any of those. Perhaps all of you know this individual outside of the blogosphere and know more than I do. That is why I prefeced it with not being an expert, I dont know bubblesitter’s situtation.)

But I find it interesting that we RAIL on people who bought houses “during the bubble” at outragious prices (or maybe not so outragious in the beginning) and then happily congratulate one of our long time posters without knowing anything more than “I negotiated for a long time and it is an ok deal cause I dont wanna wait anymore.” Especially since South Carlsbad SFH’s is an area that doesnt seem to have depreciated back to trend, making it bubble pricing as far as I can tell. Please excuse my misunderstanding of why it is ok for pigg’s to pay bubble prices in 2009 but it isnt ok for other people to have done it in 2004.

[jpinpb]

DWCAP – I understand what you’re saying. It’s really hard to wait. I’ve been doing it throughout the bubble and in my area, it still does not make sense, to me.

We don’t know the details, but if BS got an ok deal, maybe it just was time. Slowly we will see people sick of waiting and if it’s something they can live with, then they will hop off the fence.

Personally my butt is getting sore sitting on the fence and if I found something that made any sense, I would consider jumping off, even knowing it’s not bottom and there could be a way to go. But mine is still not in that range or reasonable.

Circumstances might also be different. Maybe some people were in school during the incline and now out of school w/jobs during this decline. Maybe some didn’t have kids during the incline and now do. Not knowing all the details (and I don’t want to know) it’s difficult to make judgements.

We know we are over the hump and going down the hill, some areas faster than others. Heck, some streets faster than others. I’m pretty sure this is not going to be a V, so for those of us who can handle the pressure and wait, it can’t hurt, except leave a fence imprint 😉

[jpinpb]

DWCAP – I understand what you’re saying. It’s really hard to wait. I’ve been doing it throughout the bubble and in my area, it still does not make sense, to me.

We don’t know the details, but if BS got an ok deal, maybe it just was time. Slowly we will see people sick of waiting and if it’s something they can live with, then they will hop off the fence.

Personally my butt is getting sore sitting on the fence and if I found something that made any sense, I would consider jumping off, even knowing it’s not bottom and there could be a way to go. But mine is still not in that range or reasonable.

Circumstances might also be different. Maybe some people were in school during the incline and now out of school w/jobs during this decline. Maybe some didn’t have kids during the incline and now do. Not knowing all the details (and I don’t want to know) it’s difficult to make judgements.

We know we are over the hump and going down the hill, some areas faster than others. Heck, some streets faster than others. I’m pretty sure this is not going to be a V, so for those of us who can handle the pressure and wait, it can’t hurt, except leave a fence imprint 😉

[jpinpb]

DWCAP – I understand what you’re saying. It’s really hard to wait. I’ve been doing it throughout the bubble and in my area, it still does not make sense, to me.

We don’t know the details, but if BS got an ok deal, maybe it just was time. Slowly we will see people sick of waiting and if it’s something they can live with, then they will hop off the fence.

Personally my butt is getting sore sitting on the fence and if I found something that made any sense, I would consider jumping off, even knowing it’s not bottom and there could be a way to go. But mine is still not in that range or reasonable.

Circumstances might also be different. Maybe some people were in school during the incline and now out of school w/jobs during this decline. Maybe some didn’t have kids during the incline and now do. Not knowing all the details (and I don’t want to know) it’s difficult to make judgements.

We know we are over the hump and going down the hill, some areas faster than others. Heck, some streets faster than others. I’m pretty sure this is not going to be a V, so for those of us who can handle the pressure and wait, it can’t hurt, except leave a fence imprint 😉

[jpinpb]

DWCAP – I understand what you’re saying. It’s really hard to wait. I’ve been doing it throughout the bubble and in my area, it still does not make sense, to me.

We don’t know the details, but if BS got an ok deal, maybe it just was time. Slowly we will see people sick of waiting and if it’s something they can live with, then they will hop off the fence.

Personally my butt is getting sore sitting on the fence and if I found something that made any sense, I would consider jumping off, even knowing it’s not bottom and there could be a way to go. But mine is still not in that range or reasonable.

Circumstances might also be different. Maybe some people were in school during the incline and now out of school w/jobs during this decline. Maybe some didn’t have kids during the incline and now do. Not knowing all the details (and I don’t want to know) it’s difficult to make judgements.

We know we are over the hump and going down the hill, some areas faster than others. Heck, some streets faster than others. I’m pretty sure this is not going to be a V, so for those of us who can handle the pressure and wait, it can’t hurt, except leave a fence imprint 😉

[jpinpb]

DWCAP – I understand what you’re saying. It’s really hard to wait. I’ve been doing it throughout the bubble and in my area, it still does not make sense, to me.

We don’t know the details, but if BS got an ok deal, maybe it just was time. Slowly we will see people sick of waiting and if it’s something they can live with, then they will hop off the fence.

Personally my butt is getting sore sitting on the fence and if I found something that made any sense, I would consider jumping off, even knowing it’s not bottom and there could be a way to go. But mine is still not in that range or reasonable.

Circumstances might also be different. Maybe some people were in school during the incline and now out of school w/jobs during this decline. Maybe some didn’t have kids during the incline and now do. Not knowing all the details (and I don’t want to know) it’s difficult to make judgements.

We know we are over the hump and going down the hill, some areas faster than others. Heck, some streets faster than others. I’m pretty sure this is not going to be a V, so for those of us who can handle the pressure and wait, it can’t hurt, except leave a fence imprint 😉

[(former)FormerSanDiegan]

[quote=DWCAP]Please excuse my misunderstanding of why it is ok for pigg’s to pay bubble prices in 2009 but it isnt ok for other people to have done it in 2004. [/quote]

I am not saying that (former) Bubblesitter bought at any particular price point, but …
Theoretically and practically, there is a HUGE difference in paying a 2004 price in 2004 versus 2009.

[(former)FormerSanDiegan]

[quote=DWCAP]Please excuse my misunderstanding of why it is ok for pigg’s to pay bubble prices in 2009 but it isnt ok for other people to have done it in 2004. [/quote]

I am not saying that (former) Bubblesitter bought at any particular price point, but …
Theoretically and practically, there is a HUGE difference in paying a 2004 price in 2004 versus 2009.

[(former)FormerSanDiegan]

[quote=DWCAP]Please excuse my misunderstanding of why it is ok for pigg’s to pay bubble prices in 2009 but it isnt ok for other people to have done it in 2004. [/quote]

I am not saying that (former) Bubblesitter bought at any particular price point, but …
Theoretically and practically, there is a HUGE difference in paying a 2004 price in 2004 versus 2009.

[(former)FormerSanDiegan]

[quote=DWCAP]Please excuse my misunderstanding of why it is ok for pigg’s to pay bubble prices in 2009 but it isnt ok for other people to have done it in 2004. [/quote]

I am not saying that (former) Bubblesitter bought at any particular price point, but …
Theoretically and practically, there is a HUGE difference in paying a 2004 price in 2004 versus 2009.

[(former)FormerSanDiegan]

[quote=DWCAP]Please excuse my misunderstanding of why it is ok for pigg’s to pay bubble prices in 2009 but it isnt ok for other people to have done it in 2004. [/quote]

I am not saying that (former) Bubblesitter bought at any particular price point, but …
Theoretically and practically, there is a HUGE difference in paying a 2004 price in 2004 versus 2009.

[SD Realtor]

DW I understand exactly what you are saying. Over the past year we have seen quite a few Piggs throw in the towel and purchase homes. In some of the cases I think they did feel that they got a smoking deal and discussed it accordingly. In other cases I think they just found a place that made sense for them, (both financially and emotionally) rather then getting a great deal.

Your point is well taken but I think the purchases by Piggs over the past 6 months clearly displays the differential in valuations of price verses having a home to own rather then rent. For those that have already made a purchase they put more emphasis on the latter then the former. I am not saying either one is better. Personally I haven’t bought yet but moreso because of not finding what I want. It is simply a personal choice right?

[SD Realtor]

DW I understand exactly what you are saying. Over the past year we have seen quite a few Piggs throw in the towel and purchase homes. In some of the cases I think they did feel that they got a smoking deal and discussed it accordingly. In other cases I think they just found a place that made sense for them, (both financially and emotionally) rather then getting a great deal.

Your point is well taken but I think the purchases by Piggs over the past 6 months clearly displays the differential in valuations of price verses having a home to own rather then rent. For those that have already made a purchase they put more emphasis on the latter then the former. I am not saying either one is better. Personally I haven’t bought yet but moreso because of not finding what I want. It is simply a personal choice right?

[SD Realtor]

DW I understand exactly what you are saying. Over the past year we have seen quite a few Piggs throw in the towel and purchase homes. In some of the cases I think they did feel that they got a smoking deal and discussed it accordingly. In other cases I think they just found a place that made sense for them, (both financially and emotionally) rather then getting a great deal.

Your point is well taken but I think the purchases by Piggs over the past 6 months clearly displays the differential in valuations of price verses having a home to own rather then rent. For those that have already made a purchase they put more emphasis on the latter then the former. I am not saying either one is better. Personally I haven’t bought yet but moreso because of not finding what I want. It is simply a personal choice right?

[SD Realtor]

DW I understand exactly what you are saying. Over the past year we have seen quite a few Piggs throw in the towel and purchase homes. In some of the cases I think they did feel that they got a smoking deal and discussed it accordingly. In other cases I think they just found a place that made sense for them, (both financially and emotionally) rather then getting a great deal.

Your point is well taken but I think the purchases by Piggs over the past 6 months clearly displays the differential in valuations of price verses having a home to own rather then rent. For those that have already made a purchase they put more emphasis on the latter then the former. I am not saying either one is better. Personally I haven’t bought yet but moreso because of not finding what I want. It is simply a personal choice right?

[Author]

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