Buying a house at the new top of the market?

[sdcellar]

[quote=Aecetia]AN-

I think it is great that you want to pass your house down to your children. That is what I plan to do as well. I consider it commendable.[/quote]Not to be morbid, but before you die?

[an]

[quote=sdcellar]
Yes, Brian (and I) think your kids taking the house thing is a rationalization. Not sure Brian’s rationale, but mine is simple. I might not know you, but you certainly don’t know your kid(s). It remains to be seen how interested they’ll be in your house. It certainly wouldn’t be part of my “plan”. Possibility, sure, plan, not so much. For you, it seems like a major point (and, yes, I was just waiting for you to bring it up again).

On the rest, I guess we’ll have to see. You certainly seem to lust after other areas, so let’s see if you can keep that at bay for the next 15 years. My saying that would seem to be countered strongly by your comment here that you _don’t_ plan to move up, but then I guess I don’t understand why you’d move in fifteen at all then? Maybe you’re right and it’s just something that makes complete sense, but doesn’t fit in my unavoidably narrow worldview.[/quote]
I guess you thinking I’m rationalizing, since you don’t know me. It’ll continue to stay that way, so I guess in your eyes, I’m just rationalizing. BTW, I got my house for 2001 inflation adjusted price as well, so if you think I’m rationalizing, then I guess that makes two of us.

My kids might not be interested in the house but I’m pretty sure they’d be interested in the value of the house. If they tell me that they rather that I sell the house and give them the cash, then I’ll do that. The whole point is, it’s my saving for them. I don’t see why you get hung up on the word plan.

Of course I lust after other areas. Who wouldn’t. But I lust after early retirement even more. I put out the number 15 because it’s a convenient number. I can say 25 if you like. I.E. when all my kids are out of college, I will be moving into my retirement home (my dream home). But that’s getting ahead of myself. It’s along this same line of thinking:

[quote=sdcellar]we’re planning on staying in the house until our pre-school age kids finish high school. We can imagine this as the last house we’d ever buy[/quote]Are you planning to rent after your kids graduate HS?

[an]

[quote=sdcellar]
Yes, Brian (and I) think your kids taking the house thing is a rationalization. Not sure Brian’s rationale, but mine is simple. I might not know you, but you certainly don’t know your kid(s). It remains to be seen how interested they’ll be in your house. It certainly wouldn’t be part of my “plan”. Possibility, sure, plan, not so much. For you, it seems like a major point (and, yes, I was just waiting for you to bring it up again).

On the rest, I guess we’ll have to see. You certainly seem to lust after other areas, so let’s see if you can keep that at bay for the next 15 years. My saying that would seem to be countered strongly by your comment here that you _don’t_ plan to move up, but then I guess I don’t understand why you’d move in fifteen at all then? Maybe you’re right and it’s just something that makes complete sense, but doesn’t fit in my unavoidably narrow worldview.[/quote]
I guess you thinking I’m rationalizing, since you don’t know me. It’ll continue to stay that way, so I guess in your eyes, I’m just rationalizing. BTW, I got my house for 2001 inflation adjusted price as well, so if you think I’m rationalizing, then I guess that makes two of us.

My kids might not be interested in the house but I’m pretty sure they’d be interested in the value of the house. If they tell me that they rather that I sell the house and give them the cash, then I’ll do that. The whole point is, it’s my saving for them. I don’t see why you get hung up on the word plan.

Of course I lust after other areas. Who wouldn’t. But I lust after early retirement even more. I put out the number 15 because it’s a convenient number. I can say 25 if you like. I.E. when all my kids are out of college, I will be moving into my retirement home (my dream home). But that’s getting ahead of myself. It’s along this same line of thinking:

[quote=sdcellar]we’re planning on staying in the house until our pre-school age kids finish high school. We can imagine this as the last house we’d ever buy[/quote]Are you planning to rent after your kids graduate HS?

[an]

[quote=sdcellar]
Yes, Brian (and I) think your kids taking the house thing is a rationalization. Not sure Brian’s rationale, but mine is simple. I might not know you, but you certainly don’t know your kid(s). It remains to be seen how interested they’ll be in your house. It certainly wouldn’t be part of my “plan”. Possibility, sure, plan, not so much. For you, it seems like a major point (and, yes, I was just waiting for you to bring it up again).

On the rest, I guess we’ll have to see. You certainly seem to lust after other areas, so let’s see if you can keep that at bay for the next 15 years. My saying that would seem to be countered strongly by your comment here that you _don’t_ plan to move up, but then I guess I don’t understand why you’d move in fifteen at all then? Maybe you’re right and it’s just something that makes complete sense, but doesn’t fit in my unavoidably narrow worldview.[/quote]
I guess you thinking I’m rationalizing, since you don’t know me. It’ll continue to stay that way, so I guess in your eyes, I’m just rationalizing. BTW, I got my house for 2001 inflation adjusted price as well, so if you think I’m rationalizing, then I guess that makes two of us.

My kids might not be interested in the house but I’m pretty sure they’d be interested in the value of the house. If they tell me that they rather that I sell the house and give them the cash, then I’ll do that. The whole point is, it’s my saving for them. I don’t see why you get hung up on the word plan.

Of course I lust after other areas. Who wouldn’t. But I lust after early retirement even more. I put out the number 15 because it’s a convenient number. I can say 25 if you like. I.E. when all my kids are out of college, I will be moving into my retirement home (my dream home). But that’s getting ahead of myself. It’s along this same line of thinking:

[quote=sdcellar]we’re planning on staying in the house until our pre-school age kids finish high school. We can imagine this as the last house we’d ever buy[/quote]Are you planning to rent after your kids graduate HS?

[an]

[quote=sdcellar]
Yes, Brian (and I) think your kids taking the house thing is a rationalization. Not sure Brian’s rationale, but mine is simple. I might not know you, but you certainly don’t know your kid(s). It remains to be seen how interested they’ll be in your house. It certainly wouldn’t be part of my “plan”. Possibility, sure, plan, not so much. For you, it seems like a major point (and, yes, I was just waiting for you to bring it up again).

On the rest, I guess we’ll have to see. You certainly seem to lust after other areas, so let’s see if you can keep that at bay for the next 15 years. My saying that would seem to be countered strongly by your comment here that you _don’t_ plan to move up, but then I guess I don’t understand why you’d move in fifteen at all then? Maybe you’re right and it’s just something that makes complete sense, but doesn’t fit in my unavoidably narrow worldview.[/quote]
I guess you thinking I’m rationalizing, since you don’t know me. It’ll continue to stay that way, so I guess in your eyes, I’m just rationalizing. BTW, I got my house for 2001 inflation adjusted price as well, so if you think I’m rationalizing, then I guess that makes two of us.

My kids might not be interested in the house but I’m pretty sure they’d be interested in the value of the house. If they tell me that they rather that I sell the house and give them the cash, then I’ll do that. The whole point is, it’s my saving for them. I don’t see why you get hung up on the word plan.

Of course I lust after other areas. Who wouldn’t. But I lust after early retirement even more. I put out the number 15 because it’s a convenient number. I can say 25 if you like. I.E. when all my kids are out of college, I will be moving into my retirement home (my dream home). But that’s getting ahead of myself. It’s along this same line of thinking:

[quote=sdcellar]we’re planning on staying in the house until our pre-school age kids finish high school. We can imagine this as the last house we’d ever buy[/quote]Are you planning to rent after your kids graduate HS?

[an]

[quote=sdcellar]
Yes, Brian (and I) think your kids taking the house thing is a rationalization. Not sure Brian’s rationale, but mine is simple. I might not know you, but you certainly don’t know your kid(s). It remains to be seen how interested they’ll be in your house. It certainly wouldn’t be part of my “plan”. Possibility, sure, plan, not so much. For you, it seems like a major point (and, yes, I was just waiting for you to bring it up again).

On the rest, I guess we’ll have to see. You certainly seem to lust after other areas, so let’s see if you can keep that at bay for the next 15 years. My saying that would seem to be countered strongly by your comment here that you _don’t_ plan to move up, but then I guess I don’t understand why you’d move in fifteen at all then? Maybe you’re right and it’s just something that makes complete sense, but doesn’t fit in my unavoidably narrow worldview.[/quote]
I guess you thinking I’m rationalizing, since you don’t know me. It’ll continue to stay that way, so I guess in your eyes, I’m just rationalizing. BTW, I got my house for 2001 inflation adjusted price as well, so if you think I’m rationalizing, then I guess that makes two of us.

My kids might not be interested in the house but I’m pretty sure they’d be interested in the value of the house. If they tell me that they rather that I sell the house and give them the cash, then I’ll do that. The whole point is, it’s my saving for them. I don’t see why you get hung up on the word plan.

Of course I lust after other areas. Who wouldn’t. But I lust after early retirement even more. I put out the number 15 because it’s a convenient number. I can say 25 if you like. I.E. when all my kids are out of college, I will be moving into my retirement home (my dream home). But that’s getting ahead of myself. It’s along this same line of thinking:

[quote=sdcellar]we’re planning on staying in the house until our pre-school age kids finish high school. We can imagine this as the last house we’d ever buy[/quote]Are you planning to rent after your kids graduate HS?

[garysears]

I certainly know what it feels to wonder if you are buying the top. I am in escrow now on a low end property (so far 1 month late in closing…a long story). The selling bank so far is sticking with us as I am a qualified buyer who is on the hook (20% down conventional). But there is a good chance we fall out of escrow. The bank might reduce the price or ask all cash if they cancel escrow. If they do, I will make another offer. It is a property that suits our situation well.

My #1 consideration for buying was the property MUST cashflow from day 1. I am not interested in bleeding money. I see potential to the downside and am expecting to be a long term landlord if I have to move.

I am surprised to be in escrow at all since like scaredy my judgement of value is extremely low. I feel like my offer is fair but not a great deal. That probably means it is a really good deal in reality.

[garysears]

I certainly know what it feels to wonder if you are buying the top. I am in escrow now on a low end property (so far 1 month late in closing…a long story). The selling bank so far is sticking with us as I am a qualified buyer who is on the hook (20% down conventional). But there is a good chance we fall out of escrow. The bank might reduce the price or ask all cash if they cancel escrow. If they do, I will make another offer. It is a property that suits our situation well.

My #1 consideration for buying was the property MUST cashflow from day 1. I am not interested in bleeding money. I see potential to the downside and am expecting to be a long term landlord if I have to move.

I am surprised to be in escrow at all since like scaredy my judgement of value is extremely low. I feel like my offer is fair but not a great deal. That probably means it is a really good deal in reality.

[garysears]

I certainly know what it feels to wonder if you are buying the top. I am in escrow now on a low end property (so far 1 month late in closing…a long story). The selling bank so far is sticking with us as I am a qualified buyer who is on the hook (20% down conventional). But there is a good chance we fall out of escrow. The bank might reduce the price or ask all cash if they cancel escrow. If they do, I will make another offer. It is a property that suits our situation well.

My #1 consideration for buying was the property MUST cashflow from day 1. I am not interested in bleeding money. I see potential to the downside and am expecting to be a long term landlord if I have to move.

I am surprised to be in escrow at all since like scaredy my judgement of value is extremely low. I feel like my offer is fair but not a great deal. That probably means it is a really good deal in reality.

[garysears]

I certainly know what it feels to wonder if you are buying the top. I am in escrow now on a low end property (so far 1 month late in closing…a long story). The selling bank so far is sticking with us as I am a qualified buyer who is on the hook (20% down conventional). But there is a good chance we fall out of escrow. The bank might reduce the price or ask all cash if they cancel escrow. If they do, I will make another offer. It is a property that suits our situation well.

My #1 consideration for buying was the property MUST cashflow from day 1. I am not interested in bleeding money. I see potential to the downside and am expecting to be a long term landlord if I have to move.

I am surprised to be in escrow at all since like scaredy my judgement of value is extremely low. I feel like my offer is fair but not a great deal. That probably means it is a really good deal in reality.

[garysears]

I certainly know what it feels to wonder if you are buying the top. I am in escrow now on a low end property (so far 1 month late in closing…a long story). The selling bank so far is sticking with us as I am a qualified buyer who is on the hook (20% down conventional). But there is a good chance we fall out of escrow. The bank might reduce the price or ask all cash if they cancel escrow. If they do, I will make another offer. It is a property that suits our situation well.

My #1 consideration for buying was the property MUST cashflow from day 1. I am not interested in bleeding money. I see potential to the downside and am expecting to be a long term landlord if I have to move.

I am surprised to be in escrow at all since like scaredy my judgement of value is extremely low. I feel like my offer is fair but not a great deal. That probably means it is a really good deal in reality.

[Anonymous]

I bought in Monteluz at 4S Ranch phase 3 last month, and I am pretty confident that in 5 years I will only be able to sell the house for what I paid for it and will not recover any money that I am spending on upgrades, backyard, realtor fees etc. I know this is a mistake from a pure financial standpoint, but with two kids on the way and all the shenanigans going on in the market, it is almost impossible to buy a house in 4S Ranch.

If you don’t have to buy now, I wouldn’t. If your life is changing as mine is and you can afford it then you have to do what you have to do.

[Anonymous]

I bought in Monteluz at 4S Ranch phase 3 last month, and I am pretty confident that in 5 years I will only be able to sell the house for what I paid for it and will not recover any money that I am spending on upgrades, backyard, realtor fees etc. I know this is a mistake from a pure financial standpoint, but with two kids on the way and all the shenanigans going on in the market, it is almost impossible to buy a house in 4S Ranch.

If you don’t have to buy now, I wouldn’t. If your life is changing as mine is and you can afford it then you have to do what you have to do.

[Anonymous]

I bought in Monteluz at 4S Ranch phase 3 last month, and I am pretty confident that in 5 years I will only be able to sell the house for what I paid for it and will not recover any money that I am spending on upgrades, backyard, realtor fees etc. I know this is a mistake from a pure financial standpoint, but with two kids on the way and all the shenanigans going on in the market, it is almost impossible to buy a house in 4S Ranch.

If you don’t have to buy now, I wouldn’t. If your life is changing as mine is and you can afford it then you have to do what you have to do.

[Anonymous]

I bought in Monteluz at 4S Ranch phase 3 last month, and I am pretty confident that in 5 years I will only be able to sell the house for what I paid for it and will not recover any money that I am spending on upgrades, backyard, realtor fees etc. I know this is a mistake from a pure financial standpoint, but with two kids on the way and all the shenanigans going on in the market, it is almost impossible to buy a house in 4S Ranch.

If you don’t have to buy now, I wouldn’t. If your life is changing as mine is and you can afford it then you have to do what you have to do.

[Author]

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