Buying a house at the new top of the market?

[an]

[quote=bearishgurl]AN, I am not a bull but a BEAR, in its most grizzly form! HOWEVER, IMO certain niche micro-areas of SD County which have unique properties and environments are exempt from all the underwater problems which have plagued the rest of the county in recent years.

This assertion follows sdr’s “mantra” that “the best properties are in the strongest hands.” Getting your hands on one of them could possibly be the chance of a lifetime![/quote]
I completely agree with you and sdr on this point. Except I think it’s more niche than just micro area, I think it’s certain house/lot. I’m hoping to have my chance at one of these property at the price I want someday. Beyond those few lots, I think older areas, 25+ years old, are much more likely to have long term owners who do not want to move, even in tract home areas. Example would be my tract. In the last year and a half, only 5 have been sold and none of them are the smallest or the largest plan. So if you like one of those 2 floor plans and want to buy into this tract for whatever reason, you can’t. This is just your average middle class area too, nothing fancy at all.

I myself am neither a bear or a bull. I like to crunch numbers and estimate risks. It’s just that whenever I say stuff that’s even remotely bull, sdcellar would jump in and tell me I’m a consistent bull and that I’m just rationalizing my purchase.

[an]

[quote=bearishgurl]]AN, I am not a bull but a BEAR, in its most grizzly form!![/quote]
I don’t think you’re that bearish at all if you think some areas are immune. At least not when you compare yourself to some of the real bears in here.

[an]

[quote=bearishgurl]]AN, I am not a bull but a BEAR, in its most grizzly form!![/quote]
I don’t think you’re that bearish at all if you think some areas are immune. At least not when you compare yourself to some of the real bears in here.

[an]

[quote=bearishgurl]]AN, I am not a bull but a BEAR, in its most grizzly form!![/quote]
I don’t think you’re that bearish at all if you think some areas are immune. At least not when you compare yourself to some of the real bears in here.

[an]

[quote=bearishgurl]]AN, I am not a bull but a BEAR, in its most grizzly form!![/quote]
I don’t think you’re that bearish at all if you think some areas are immune. At least not when you compare yourself to some of the real bears in here.

[an]

[quote=bearishgurl]]AN, I am not a bull but a BEAR, in its most grizzly form!![/quote]
I don’t think you’re that bearish at all if you think some areas are immune. At least not when you compare yourself to some of the real bears in here.

[bearishgurl]

[quote=AN]I don’t think you’re that bearish at all if you think some areas are immune. At least not when you compare yourself to some of the real bears in here.[/quote]

I don’t think some areas are “immune” but I DO think some areas, such as NCC (presumably west of the 5), where sdcellar has placed an offer, are MUCH BETTER investments than other zips within the county.

If you have a young family (like sdcellar) and *NEED* to buy right now, interest rates are at record lows. This is coming from a bear who purchased properties using P.M. loans with 7%, 9.25% and 10.5% interest-rates when MY NEED was there.

[bearishgurl]

[quote=AN]I don’t think you’re that bearish at all if you think some areas are immune. At least not when you compare yourself to some of the real bears in here.[/quote]

I don’t think some areas are “immune” but I DO think some areas, such as NCC (presumably west of the 5), where sdcellar has placed an offer, are MUCH BETTER investments than other zips within the county.

If you have a young family (like sdcellar) and *NEED* to buy right now, interest rates are at record lows. This is coming from a bear who purchased properties using P.M. loans with 7%, 9.25% and 10.5% interest-rates when MY NEED was there.

[bearishgurl]

[quote=AN]I don’t think you’re that bearish at all if you think some areas are immune. At least not when you compare yourself to some of the real bears in here.[/quote]

I don’t think some areas are “immune” but I DO think some areas, such as NCC (presumably west of the 5), where sdcellar has placed an offer, are MUCH BETTER investments than other zips within the county.

If you have a young family (like sdcellar) and *NEED* to buy right now, interest rates are at record lows. This is coming from a bear who purchased properties using P.M. loans with 7%, 9.25% and 10.5% interest-rates when MY NEED was there.

[bearishgurl]

[quote=AN]I don’t think you’re that bearish at all if you think some areas are immune. At least not when you compare yourself to some of the real bears in here.[/quote]

I don’t think some areas are “immune” but I DO think some areas, such as NCC (presumably west of the 5), where sdcellar has placed an offer, are MUCH BETTER investments than other zips within the county.

If you have a young family (like sdcellar) and *NEED* to buy right now, interest rates are at record lows. This is coming from a bear who purchased properties using P.M. loans with 7%, 9.25% and 10.5% interest-rates when MY NEED was there.

[bearishgurl]

[quote=AN]I don’t think you’re that bearish at all if you think some areas are immune. At least not when you compare yourself to some of the real bears in here.[/quote]

I don’t think some areas are “immune” but I DO think some areas, such as NCC (presumably west of the 5), where sdcellar has placed an offer, are MUCH BETTER investments than other zips within the county.

If you have a young family (like sdcellar) and *NEED* to buy right now, interest rates are at record lows. This is coming from a bear who purchased properties using P.M. loans with 7%, 9.25% and 10.5% interest-rates when MY NEED was there.

[an]

[quote=bearishgurl]
I don’t think some areas are “immune” but I DO think some areas, such as NCC (presumably west of the 5), where sdcellar has placed an offer, are MUCH BETTER investments than other zips within the county.

If you have a young family (like sdcellar) and *NEED* to buy right now, interest rates are at record lows. This is coming from a bear who purchased properties using P.M. loans with 7%, 9.25% and 10.5% interest-rates when MY NEED was there.[/quote]
We will never know exactly where sdcellar bought his house. I just don’t think it’s west of the 5. I think it’s somewhere in Encintas or South Carlsbad East of the 5.

So you think places that has dropped 50%+ from peak and are at ~2000 nominal price is a worse investment than a house in NCC that’s west of the 5? I beg to differ.

[an]

[quote=bearishgurl]
I don’t think some areas are “immune” but I DO think some areas, such as NCC (presumably west of the 5), where sdcellar has placed an offer, are MUCH BETTER investments than other zips within the county.

If you have a young family (like sdcellar) and *NEED* to buy right now, interest rates are at record lows. This is coming from a bear who purchased properties using P.M. loans with 7%, 9.25% and 10.5% interest-rates when MY NEED was there.[/quote]
We will never know exactly where sdcellar bought his house. I just don’t think it’s west of the 5. I think it’s somewhere in Encintas or South Carlsbad East of the 5.

So you think places that has dropped 50%+ from peak and are at ~2000 nominal price is a worse investment than a house in NCC that’s west of the 5? I beg to differ.

[an]

[quote=bearishgurl]
I don’t think some areas are “immune” but I DO think some areas, such as NCC (presumably west of the 5), where sdcellar has placed an offer, are MUCH BETTER investments than other zips within the county.

If you have a young family (like sdcellar) and *NEED* to buy right now, interest rates are at record lows. This is coming from a bear who purchased properties using P.M. loans with 7%, 9.25% and 10.5% interest-rates when MY NEED was there.[/quote]
We will never know exactly where sdcellar bought his house. I just don’t think it’s west of the 5. I think it’s somewhere in Encintas or South Carlsbad East of the 5.

So you think places that has dropped 50%+ from peak and are at ~2000 nominal price is a worse investment than a house in NCC that’s west of the 5? I beg to differ.

[an]

[quote=bearishgurl]
I don’t think some areas are “immune” but I DO think some areas, such as NCC (presumably west of the 5), where sdcellar has placed an offer, are MUCH BETTER investments than other zips within the county.

If you have a young family (like sdcellar) and *NEED* to buy right now, interest rates are at record lows. This is coming from a bear who purchased properties using P.M. loans with 7%, 9.25% and 10.5% interest-rates when MY NEED was there.[/quote]
We will never know exactly where sdcellar bought his house. I just don’t think it’s west of the 5. I think it’s somewhere in Encintas or South Carlsbad East of the 5.

So you think places that has dropped 50%+ from peak and are at ~2000 nominal price is a worse investment than a house in NCC that’s west of the 5? I beg to differ.

[Author]

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