Buying advice in North County

[pjwal]

I love this forum for the fact that people are not afraid to speak of everything that matters when considering buying a home as opposed to looking at it as a pure monetary investment. That really goes a long way with me and I really love the anecdotes!

My wife and I certainly would not take on a debt burden we could not handle. Our current home has gone up in price slightly; we put 20% down and would never do less. We are benefited by the fact that my wife’s mother has her broker’s license as well.

We are pretty young still and don’t have as permanent a view as prior generations. However, we’re certainly not New Yorkers and I personally have a hard time moving before I live out the value my father always conveyed to me, “always leave a house in better condition than when you moved in.”

There are very few one-story houses in our neighborhood and that fact actually puts them in great demand, the 2 or 3 that have gone on the market did not last a week. I don’t think we want the cost/pain of adding a second story, but building back is certainly a possibility. We are of the mindset that we either need to do that or move into a bigger place before a second child.

We’re still a little ways away from the first though and are capable of delayed gratification. The feedback we’ve gotten here is exactly what I was looking for :-). Thanks all.

~pj

[PCinSD]

bearishgurl, just to avoid any confusion later: sdr (small letters) appears to be the realtor you are currently referring to.

SDR (capital letters) is SD Realtor. Someone who always freely gives out opinions/facts and never once has solicited a client on this board, never asks them to private message him and never brags about success or lack thereof.

2 completely different posters, both of whom have credibility on this board, but have glaringly differing approaches.

[PCinSD]

bearishgurl, just to avoid any confusion later: sdr (small letters) appears to be the realtor you are currently referring to.

SDR (capital letters) is SD Realtor. Someone who always freely gives out opinions/facts and never once has solicited a client on this board, never asks them to private message him and never brags about success or lack thereof.

2 completely different posters, both of whom have credibility on this board, but have glaringly differing approaches.

[PCinSD]

bearishgurl, just to avoid any confusion later: sdr (small letters) appears to be the realtor you are currently referring to.

SDR (capital letters) is SD Realtor. Someone who always freely gives out opinions/facts and never once has solicited a client on this board, never asks them to private message him and never brags about success or lack thereof.

2 completely different posters, both of whom have credibility on this board, but have glaringly differing approaches.

[PCinSD]

bearishgurl, just to avoid any confusion later: sdr (small letters) appears to be the realtor you are currently referring to.

SDR (capital letters) is SD Realtor. Someone who always freely gives out opinions/facts and never once has solicited a client on this board, never asks them to private message him and never brags about success or lack thereof.

2 completely different posters, both of whom have credibility on this board, but have glaringly differing approaches.

[PCinSD]

bearishgurl, just to avoid any confusion later: sdr (small letters) appears to be the realtor you are currently referring to.

SDR (capital letters) is SD Realtor. Someone who always freely gives out opinions/facts and never once has solicited a client on this board, never asks them to private message him and never brags about success or lack thereof.

2 completely different posters, both of whom have credibility on this board, but have glaringly differing approaches.

[LAAFTERHOURS]

[quote=sdrealtor]LA
I agree those areas will stabilize over time but we both know any area built in the last five years will see carnage for many years to come. They live in an area where that is far less of an issue and IMO would destabilize their social lives by moving to a bubble era community.

I suspect if you could have gotten a comparable property in this area at a SEH price you would jump in a NY minute.

sdr[/quote]

Totally agree that newly built areas have been a bloodbath and SEH led the downward trend. Im hoping by waiting 3 years and getting almost 50% off peak will have flushed out the majority (and I didnt buy in one of the most recent builds).

[LAAFTERHOURS]

[quote=sdrealtor]LA
I agree those areas will stabilize over time but we both know any area built in the last five years will see carnage for many years to come. They live in an area where that is far less of an issue and IMO would destabilize their social lives by moving to a bubble era community.

I suspect if you could have gotten a comparable property in this area at a SEH price you would jump in a NY minute.

sdr[/quote]

Totally agree that newly built areas have been a bloodbath and SEH led the downward trend. Im hoping by waiting 3 years and getting almost 50% off peak will have flushed out the majority (and I didnt buy in one of the most recent builds).

[LAAFTERHOURS]

[quote=sdrealtor]LA
I agree those areas will stabilize over time but we both know any area built in the last five years will see carnage for many years to come. They live in an area where that is far less of an issue and IMO would destabilize their social lives by moving to a bubble era community.

I suspect if you could have gotten a comparable property in this area at a SEH price you would jump in a NY minute.

sdr[/quote]

Totally agree that newly built areas have been a bloodbath and SEH led the downward trend. Im hoping by waiting 3 years and getting almost 50% off peak will have flushed out the majority (and I didnt buy in one of the most recent builds).

[LAAFTERHOURS]

[quote=sdrealtor]LA
I agree those areas will stabilize over time but we both know any area built in the last five years will see carnage for many years to come. They live in an area where that is far less of an issue and IMO would destabilize their social lives by moving to a bubble era community.

I suspect if you could have gotten a comparable property in this area at a SEH price you would jump in a NY minute.

sdr[/quote]

Totally agree that newly built areas have been a bloodbath and SEH led the downward trend. Im hoping by waiting 3 years and getting almost 50% off peak will have flushed out the majority (and I didnt buy in one of the most recent builds).

[LAAFTERHOURS]

[quote=sdrealtor]LA
I agree those areas will stabilize over time but we both know any area built in the last five years will see carnage for many years to come. They live in an area where that is far less of an issue and IMO would destabilize their social lives by moving to a bubble era community.

I suspect if you could have gotten a comparable property in this area at a SEH price you would jump in a NY minute.

sdr[/quote]

Totally agree that newly built areas have been a bloodbath and SEH led the downward trend. Im hoping by waiting 3 years and getting almost 50% off peak will have flushed out the majority (and I didnt buy in one of the most recent builds).

[SD Realtor]

I think that a 3 year horizon is not bad LA. If we can get the bond market to flush out then we should see some real depreciation. We just need a tightening of credit and a more stringent policy regarding debt accumulation on the consumer and federal level!

[SD Realtor]

I think that a 3 year horizon is not bad LA. If we can get the bond market to flush out then we should see some real depreciation. We just need a tightening of credit and a more stringent policy regarding debt accumulation on the consumer and federal level!

[SD Realtor]

I think that a 3 year horizon is not bad LA. If we can get the bond market to flush out then we should see some real depreciation. We just need a tightening of credit and a more stringent policy regarding debt accumulation on the consumer and federal level!

[SD Realtor]

I think that a 3 year horizon is not bad LA. If we can get the bond market to flush out then we should see some real depreciation. We just need a tightening of credit and a more stringent policy regarding debt accumulation on the consumer and federal level!

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