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October 31, 2009 at 11:44 AM #476923October 31, 2009 at 1:03 PM #476109
pemeliza
ParticipantThis is a good debate to have and I suspect that the truth will lie somewhere in the middle. I think 50% off current levels is crazy but prices do seem to be still dropping.
If this listing closes at list, it will be at 48.5% above 1989 price and it looks like the place has had upgrades. That puts the appreciation rate at around 2% a year. In 1989 interest rates were roughly double today’s rates.
50% from this price will put it at 350k and that would be less than $100 a foot for Carlsbad at a time when interest rates are what 7-8% at the highest? I think at this price the downside on this property is 100k at worst which would probably be around 00-01 price or lower.
http://www.sdlookup.com/MLS-090061311-2849_Cazadero_Carlsbad_CA_92009
October 31, 2009 at 1:03 PM #476284ParticipantThis is a good debate to have and I suspect that the truth will lie somewhere in the middle. I think 50% off current levels is crazy but prices do seem to be still dropping.
If this listing closes at list, it will be at 48.5% above 1989 price and it looks like the place has had upgrades. That puts the appreciation rate at around 2% a year. In 1989 interest rates were roughly double today’s rates.
50% from this price will put it at 350k and that would be less than $100 a foot for Carlsbad at a time when interest rates are what 7-8% at the highest? I think at this price the downside on this property is 100k at worst which would probably be around 00-01 price or lower.
http://www.sdlookup.com/MLS-090061311-2849_Cazadero_Carlsbad_CA_92009
October 31, 2009 at 1:03 PM #476647ParticipantThis is a good debate to have and I suspect that the truth will lie somewhere in the middle. I think 50% off current levels is crazy but prices do seem to be still dropping.
If this listing closes at list, it will be at 48.5% above 1989 price and it looks like the place has had upgrades. That puts the appreciation rate at around 2% a year. In 1989 interest rates were roughly double today’s rates.
50% from this price will put it at 350k and that would be less than $100 a foot for Carlsbad at a time when interest rates are what 7-8% at the highest? I think at this price the downside on this property is 100k at worst which would probably be around 00-01 price or lower.
http://www.sdlookup.com/MLS-090061311-2849_Cazadero_Carlsbad_CA_92009
October 31, 2009 at 1:03 PM #476723ParticipantThis is a good debate to have and I suspect that the truth will lie somewhere in the middle. I think 50% off current levels is crazy but prices do seem to be still dropping.
If this listing closes at list, it will be at 48.5% above 1989 price and it looks like the place has had upgrades. That puts the appreciation rate at around 2% a year. In 1989 interest rates were roughly double today’s rates.
50% from this price will put it at 350k and that would be less than $100 a foot for Carlsbad at a time when interest rates are what 7-8% at the highest? I think at this price the downside on this property is 100k at worst which would probably be around 00-01 price or lower.
http://www.sdlookup.com/MLS-090061311-2849_Cazadero_Carlsbad_CA_92009
October 31, 2009 at 1:03 PM #476946ParticipantThis is a good debate to have and I suspect that the truth will lie somewhere in the middle. I think 50% off current levels is crazy but prices do seem to be still dropping.
If this listing closes at list, it will be at 48.5% above 1989 price and it looks like the place has had upgrades. That puts the appreciation rate at around 2% a year. In 1989 interest rates were roughly double today’s rates.
50% from this price will put it at 350k and that would be less than $100 a foot for Carlsbad at a time when interest rates are what 7-8% at the highest? I think at this price the downside on this property is 100k at worst which would probably be around 00-01 price or lower.
http://www.sdlookup.com/MLS-090061311-2849_Cazadero_Carlsbad_CA_92009
October 31, 2009 at 4:31 PM #476129sdrealtor
ParticipantArraya
Do you think your judgement is clouded by the fact you arent making payments right now and thus have become desensitized to that and can easily project that behavior onto the rest of the US population?October 31, 2009 at 4:31 PM #476304ParticipantArraya
Do you think your judgement is clouded by the fact you arent making payments right now and thus have become desensitized to that and can easily project that behavior onto the rest of the US population?October 31, 2009 at 4:31 PM #476667ParticipantArraya
Do you think your judgement is clouded by the fact you arent making payments right now and thus have become desensitized to that and can easily project that behavior onto the rest of the US population?October 31, 2009 at 4:31 PM #476743ParticipantArraya
Do you think your judgement is clouded by the fact you arent making payments right now and thus have become desensitized to that and can easily project that behavior onto the rest of the US population?October 31, 2009 at 4:31 PM #476966ParticipantArraya
Do you think your judgement is clouded by the fact you arent making payments right now and thus have become desensitized to that and can easily project that behavior onto the rest of the US population?October 31, 2009 at 10:31 PM #476166Scarlett
Participant[quote=outtamojo]Not to criticize spending habits, but shouldn’t 170K income/ year be plenty even w/ kids?[/quote]
Plenty for what? To live decently in a pricey area like La Jolla UTC (renting) – yes, but not saving much.Here is a breakdown:
The take home salary is 12K. Maximizing 401K means 2000/mo. 2000/mo daycare, 1000/mo college funds, 500/mo life insurance; gas,car insurance, car payments 1000/mo. $500 utilities, cable and iphones. So here are 7000$ already accounted for. we have left $5000 at MOST. $2500 rent.
Food is at least $1500.Then there are clothes, toys/games, books, parks, classes/activities, and other household items…
Only for last couple years we had real income after one of us left finally academia…
Of course all of us going to Europe to see my family and them to see the kids every other year for a few weeks wipes most of the savings those year…
October 31, 2009 at 10:31 PM #476340Participant[quote=outtamojo]Not to criticize spending habits, but shouldn’t 170K income/ year be plenty even w/ kids?[/quote]
Plenty for what? To live decently in a pricey area like La Jolla UTC (renting) – yes, but not saving much.Here is a breakdown:
The take home salary is 12K. Maximizing 401K means 2000/mo. 2000/mo daycare, 1000/mo college funds, 500/mo life insurance; gas,car insurance, car payments 1000/mo. $500 utilities, cable and iphones. So here are 7000$ already accounted for. we have left $5000 at MOST. $2500 rent.
Food is at least $1500.Then there are clothes, toys/games, books, parks, classes/activities, and other household items…
Only for last couple years we had real income after one of us left finally academia…
Of course all of us going to Europe to see my family and them to see the kids every other year for a few weeks wipes most of the savings those year…
October 31, 2009 at 10:31 PM #476704Participant[quote=outtamojo]Not to criticize spending habits, but shouldn’t 170K income/ year be plenty even w/ kids?[/quote]
Plenty for what? To live decently in a pricey area like La Jolla UTC (renting) – yes, but not saving much.Here is a breakdown:
The take home salary is 12K. Maximizing 401K means 2000/mo. 2000/mo daycare, 1000/mo college funds, 500/mo life insurance; gas,car insurance, car payments 1000/mo. $500 utilities, cable and iphones. So here are 7000$ already accounted for. we have left $5000 at MOST. $2500 rent.
Food is at least $1500.Then there are clothes, toys/games, books, parks, classes/activities, and other household items…
Only for last couple years we had real income after one of us left finally academia…
Of course all of us going to Europe to see my family and them to see the kids every other year for a few weeks wipes most of the savings those year…
October 31, 2009 at 10:31 PM #476780Participant[quote=outtamojo]Not to criticize spending habits, but shouldn’t 170K income/ year be plenty even w/ kids?[/quote]
Plenty for what? To live decently in a pricey area like La Jolla UTC (renting) – yes, but not saving much.Here is a breakdown:
The take home salary is 12K. Maximizing 401K means 2000/mo. 2000/mo daycare, 1000/mo college funds, 500/mo life insurance; gas,car insurance, car payments 1000/mo. $500 utilities, cable and iphones. So here are 7000$ already accounted for. we have left $5000 at MOST. $2500 rent.
Food is at least $1500.Then there are clothes, toys/games, books, parks, classes/activities, and other household items…
Only for last couple years we had real income after one of us left finally academia…
Of course all of us going to Europe to see my family and them to see the kids every other year for a few weeks wipes most of the savings those year…
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