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  • November 1, 2009 at 7:40 PM #477227
    scaredyclassic
    Participant

    Now that i think about it, if we had just not had any kids and put all the day care monies into a bank account…hmm..thirty-seven, carry the 8…4% interest…we could pay cash for a small home in temecula today…naaah, rather have the kids….

    November 1, 2009 at 9:29 PM #476396
    sdrealtor
    Participant

    Arraya
    I’m not trying to find fault but rather understand others thinking that differs from mine. I also dont see the data quite as clearly as you do. Specifically I do not see a dwindling pool of able and willing buyers, I see the opposite. Granted it is in my little corner of the world just like what you see is in yours. In other parts of the country which are far more populous (i.e. the east coast) neither of us really understands what is going on. I see the gov’t intereventions working as intended and have no reason to beleive they will stop doing anything and everything possible to continue.

    As for the next leg down in Fall call thats about as solid as getting dark after sundown call. The markets always trend down that time of year and this year should be no different. I also see another Spring rally brewing as I see lots of unmet demand but very little quality supply coming.

    I dont beleive there is anything close to over 50% of all mortgages are distressed or upside in my area.

    Lastly, if you beleive hyper-inflation is coming why would you advocate staying liquid? Taking on debt that will get devalued and hard assets that will inflate would be the way to go.

    November 1, 2009 at 9:29 PM #476572
    sdrealtor
    Participant

    Arraya
    I’m not trying to find fault but rather understand others thinking that differs from mine. I also dont see the data quite as clearly as you do. Specifically I do not see a dwindling pool of able and willing buyers, I see the opposite. Granted it is in my little corner of the world just like what you see is in yours. In other parts of the country which are far more populous (i.e. the east coast) neither of us really understands what is going on. I see the gov’t intereventions working as intended and have no reason to beleive they will stop doing anything and everything possible to continue.

    As for the next leg down in Fall call thats about as solid as getting dark after sundown call. The markets always trend down that time of year and this year should be no different. I also see another Spring rally brewing as I see lots of unmet demand but very little quality supply coming.

    I dont beleive there is anything close to over 50% of all mortgages are distressed or upside in my area.

    Lastly, if you beleive hyper-inflation is coming why would you advocate staying liquid? Taking on debt that will get devalued and hard assets that will inflate would be the way to go.

    November 1, 2009 at 9:29 PM #476933
    sdrealtor
    Participant

    Arraya
    I’m not trying to find fault but rather understand others thinking that differs from mine. I also dont see the data quite as clearly as you do. Specifically I do not see a dwindling pool of able and willing buyers, I see the opposite. Granted it is in my little corner of the world just like what you see is in yours. In other parts of the country which are far more populous (i.e. the east coast) neither of us really understands what is going on. I see the gov’t intereventions working as intended and have no reason to beleive they will stop doing anything and everything possible to continue.

    As for the next leg down in Fall call thats about as solid as getting dark after sundown call. The markets always trend down that time of year and this year should be no different. I also see another Spring rally brewing as I see lots of unmet demand but very little quality supply coming.

    I dont beleive there is anything close to over 50% of all mortgages are distressed or upside in my area.

    Lastly, if you beleive hyper-inflation is coming why would you advocate staying liquid? Taking on debt that will get devalued and hard assets that will inflate would be the way to go.

    November 1, 2009 at 9:29 PM #477012
    sdrealtor
    Participant

    Arraya
    I’m not trying to find fault but rather understand others thinking that differs from mine. I also dont see the data quite as clearly as you do. Specifically I do not see a dwindling pool of able and willing buyers, I see the opposite. Granted it is in my little corner of the world just like what you see is in yours. In other parts of the country which are far more populous (i.e. the east coast) neither of us really understands what is going on. I see the gov’t intereventions working as intended and have no reason to beleive they will stop doing anything and everything possible to continue.

    As for the next leg down in Fall call thats about as solid as getting dark after sundown call. The markets always trend down that time of year and this year should be no different. I also see another Spring rally brewing as I see lots of unmet demand but very little quality supply coming.

    I dont beleive there is anything close to over 50% of all mortgages are distressed or upside in my area.

    Lastly, if you beleive hyper-inflation is coming why would you advocate staying liquid? Taking on debt that will get devalued and hard assets that will inflate would be the way to go.

    November 1, 2009 at 9:29 PM #477234
    sdrealtor
    Participant

    Arraya
    I’m not trying to find fault but rather understand others thinking that differs from mine. I also dont see the data quite as clearly as you do. Specifically I do not see a dwindling pool of able and willing buyers, I see the opposite. Granted it is in my little corner of the world just like what you see is in yours. In other parts of the country which are far more populous (i.e. the east coast) neither of us really understands what is going on. I see the gov’t intereventions working as intended and have no reason to beleive they will stop doing anything and everything possible to continue.

    As for the next leg down in Fall call thats about as solid as getting dark after sundown call. The markets always trend down that time of year and this year should be no different. I also see another Spring rally brewing as I see lots of unmet demand but very little quality supply coming.

    I dont beleive there is anything close to over 50% of all mortgages are distressed or upside in my area.

    Lastly, if you beleive hyper-inflation is coming why would you advocate staying liquid? Taking on debt that will get devalued and hard assets that will inflate would be the way to go.

    November 1, 2009 at 9:55 PM #476411
    sdrealtor
    Participant

    One last thing. I have nothing to repent for. I told numerous people to sell in 2004 and have clients that listened who are sitting comfortably on the sidelines with piles of cash waiting to buy back in. I have clients that never bought because I told them to keep renting. I have a client that I had sell a condo in Carlsbad in 2004 which is now down about $150K and I put him in a beach property on a 1031 exchange that is still up over $150K. Think he’s happy? I also have clients that bought during the peak for personal reasons (better schools for their kids) who have lost almost nothing on their purchases. He’s happy too. I just went back and checked all the homes I’ve sold the last five years and I cant think of anyone who is currently in distress or in danger of being so.

    November 1, 2009 at 9:55 PM #476587
    sdrealtor
    Participant

    One last thing. I have nothing to repent for. I told numerous people to sell in 2004 and have clients that listened who are sitting comfortably on the sidelines with piles of cash waiting to buy back in. I have clients that never bought because I told them to keep renting. I have a client that I had sell a condo in Carlsbad in 2004 which is now down about $150K and I put him in a beach property on a 1031 exchange that is still up over $150K. Think he’s happy? I also have clients that bought during the peak for personal reasons (better schools for their kids) who have lost almost nothing on their purchases. He’s happy too. I just went back and checked all the homes I’ve sold the last five years and I cant think of anyone who is currently in distress or in danger of being so.

    November 1, 2009 at 9:55 PM #476948
    sdrealtor
    Participant

    One last thing. I have nothing to repent for. I told numerous people to sell in 2004 and have clients that listened who are sitting comfortably on the sidelines with piles of cash waiting to buy back in. I have clients that never bought because I told them to keep renting. I have a client that I had sell a condo in Carlsbad in 2004 which is now down about $150K and I put him in a beach property on a 1031 exchange that is still up over $150K. Think he’s happy? I also have clients that bought during the peak for personal reasons (better schools for their kids) who have lost almost nothing on their purchases. He’s happy too. I just went back and checked all the homes I’ve sold the last five years and I cant think of anyone who is currently in distress or in danger of being so.

    November 1, 2009 at 9:55 PM #477027
    sdrealtor
    Participant

    One last thing. I have nothing to repent for. I told numerous people to sell in 2004 and have clients that listened who are sitting comfortably on the sidelines with piles of cash waiting to buy back in. I have clients that never bought because I told them to keep renting. I have a client that I had sell a condo in Carlsbad in 2004 which is now down about $150K and I put him in a beach property on a 1031 exchange that is still up over $150K. Think he’s happy? I also have clients that bought during the peak for personal reasons (better schools for their kids) who have lost almost nothing on their purchases. He’s happy too. I just went back and checked all the homes I’ve sold the last five years and I cant think of anyone who is currently in distress or in danger of being so.

    November 1, 2009 at 9:55 PM #477249
    sdrealtor
    Participant

    One last thing. I have nothing to repent for. I told numerous people to sell in 2004 and have clients that listened who are sitting comfortably on the sidelines with piles of cash waiting to buy back in. I have clients that never bought because I told them to keep renting. I have a client that I had sell a condo in Carlsbad in 2004 which is now down about $150K and I put him in a beach property on a 1031 exchange that is still up over $150K. Think he’s happy? I also have clients that bought during the peak for personal reasons (better schools for their kids) who have lost almost nothing on their purchases. He’s happy too. I just went back and checked all the homes I’ve sold the last five years and I cant think of anyone who is currently in distress or in danger of being so.

    November 2, 2009 at 7:16 AM #476491
    Ren
    Participant

    [quote=temeculaguy]Just an addendum, the 2k daycare is bugging me.[/quote]

    Me too. Full time, decent quality daycare (the chains like Discovery Isle, which actually potty train) is $700-$900/month, depending on the area, for one child of 2 or older.

    My boy’s grandmother recently announced her retirement from baby sitting any of the grandchildren, but finding a live-in, legal, retired person to nanny can be extremely cheap. I know someone who has just that, a former nurse, at $400/month.

    November 2, 2009 at 7:16 AM #476665
    Ren
    Participant

    [quote=temeculaguy]Just an addendum, the 2k daycare is bugging me.[/quote]

    Me too. Full time, decent quality daycare (the chains like Discovery Isle, which actually potty train) is $700-$900/month, depending on the area, for one child of 2 or older.

    My boy’s grandmother recently announced her retirement from baby sitting any of the grandchildren, but finding a live-in, legal, retired person to nanny can be extremely cheap. I know someone who has just that, a former nurse, at $400/month.

    November 2, 2009 at 7:16 AM #477028
    Ren
    Participant

    [quote=temeculaguy]Just an addendum, the 2k daycare is bugging me.[/quote]

    Me too. Full time, decent quality daycare (the chains like Discovery Isle, which actually potty train) is $700-$900/month, depending on the area, for one child of 2 or older.

    My boy’s grandmother recently announced her retirement from baby sitting any of the grandchildren, but finding a live-in, legal, retired person to nanny can be extremely cheap. I know someone who has just that, a former nurse, at $400/month.

    November 2, 2009 at 7:16 AM #477106
    Ren
    Participant

    [quote=temeculaguy]Just an addendum, the 2k daycare is bugging me.[/quote]

    Me too. Full time, decent quality daycare (the chains like Discovery Isle, which actually potty train) is $700-$900/month, depending on the area, for one child of 2 or older.

    My boy’s grandmother recently announced her retirement from baby sitting any of the grandchildren, but finding a live-in, legal, retired person to nanny can be extremely cheap. I know someone who has just that, a former nurse, at $400/month.

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