Derby Hill in CV???

[Navydoc]

Alex, that’s the craziest thing I’ve ever heard. I may very well be able to afford to take the hit you describe, but I would be extremely upset about it. It would mean that the $200k I’ve saved over the past few years was effectively flushed down the toilet. You’re right, I could handle it, but I just don’t want to. Especially since that money would have been sacrificed because of a bunch of Kool-Aid drinking fools who artificially inflated the housing market.

I’ll continue to rent and keep my money, thanks.

[gn]

Navydoc, very well said.

And this is the point that a guy named Cyphire (who has a lot of money, but decided to rent in La Jolla instead of buying) was making too.

For most people, whose assets is less than $5M. Losing a few hundred thousands dollars is going to hurt them.

[gn]

Navydoc, very well said.

And this is the point that a guy named Cyphire (who has a lot of money, but decided to rent in La Jolla instead of buying) was making too.

For most people, whose assets is less than $5M. Losing a few hundred thousands dollars is going to hurt them.

[gn]

Navydoc, very well said.

And this is the point that a guy named Cyphire (who has a lot of money, but decided to rent in La Jolla instead of buying) was making too.

For most people, whose assets is less than $5M. Losing a few hundred thousands dollars is going to hurt them.

[an]

Alex and justbought, IF you can truly afford your home and losing $200k is a non event for you, then it’s not a very big risk for you. Risk is very different from person to person. Someone who stretch to afford that same home and losing $200k would drive them into bankruptcy, then it’s a huge risk. While someone with millions and losing $200k is just another day for the, this risk is minimum relative to their circumstances. Also, everything in life has some kind of risk associated with it, so I agree that it would never happen if you’re waiting for no risk time. But we all want to minimize risk as much as possible. Financial risk for a minimum wage worker vs a CEO is very different.

[an]

Alex and justbought, IF you can truly afford your home and losing $200k is a non event for you, then it’s not a very big risk for you. Risk is very different from person to person. Someone who stretch to afford that same home and losing $200k would drive them into bankruptcy, then it’s a huge risk. While someone with millions and losing $200k is just another day for the, this risk is minimum relative to their circumstances. Also, everything in life has some kind of risk associated with it, so I agree that it would never happen if you’re waiting for no risk time. But we all want to minimize risk as much as possible. Financial risk for a minimum wage worker vs a CEO is very different.

[an]

Alex and justbought, IF you can truly afford your home and losing $200k is a non event for you, then it’s not a very big risk for you. Risk is very different from person to person. Someone who stretch to afford that same home and losing $200k would drive them into bankruptcy, then it’s a huge risk. While someone with millions and losing $200k is just another day for the, this risk is minimum relative to their circumstances. Also, everything in life has some kind of risk associated with it, so I agree that it would never happen if you’re waiting for no risk time. But we all want to minimize risk as much as possible. Financial risk for a minimum wage worker vs a CEO is very different.

[Arraya]

There is absolutely no reason to buy today. You are not doing your family justice by buying. What so you can paint it purple if you want to? If you can afford an x payment on a mortgage you can get so so much more by renting if you really wanted to. If you do not look at a house as both a home and investment you are foolish.

Why would you pay x dollars today when you could wait 18 months and get so much more house for you money. And in the mean time rent the equivalent or better and save the rest…. There is no argument for buying today.

[Arraya]

There is absolutely no reason to buy today. You are not doing your family justice by buying. What so you can paint it purple if you want to? If you can afford an x payment on a mortgage you can get so so much more by renting if you really wanted to. If you do not look at a house as both a home and investment you are foolish.

Why would you pay x dollars today when you could wait 18 months and get so much more house for you money. And in the mean time rent the equivalent or better and save the rest…. There is no argument for buying today.

[Arraya]

There is absolutely no reason to buy today. You are not doing your family justice by buying. What so you can paint it purple if you want to? If you can afford an x payment on a mortgage you can get so so much more by renting if you really wanted to. If you do not look at a house as both a home and investment you are foolish.

Why would you pay x dollars today when you could wait 18 months and get so much more house for you money. And in the mean time rent the equivalent or better and save the rest…. There is no argument for buying today.

[justbought]

No I can’t afford to lose $200K & I am not a CEO. But I can ride out the depreciation and losing 200K on PAPER, and I hope I don’t have cash out on a down market when I get old. Why would someone go to bankruptcy if mortgage manageable? Also, if I have to move to a similar market when home prices are down, I can probably afford a similar home even if I lose money on the current one.

Also, I am NOT suggesting anyone to buy. The guy asked about the community, and I am just giving him my opinion of it, since i have a first-hand experience. Like he said, he can’t even buy (from a phase release) even if he wants to.

[justbought]

No I can’t afford to lose $200K & I am not a CEO. But I can ride out the depreciation and losing 200K on PAPER, and I hope I don’t have cash out on a down market when I get old. Why would someone go to bankruptcy if mortgage manageable? Also, if I have to move to a similar market when home prices are down, I can probably afford a similar home even if I lose money on the current one.

Also, I am NOT suggesting anyone to buy. The guy asked about the community, and I am just giving him my opinion of it, since i have a first-hand experience. Like he said, he can’t even buy (from a phase release) even if he wants to.

[justbought]

No I can’t afford to lose $200K & I am not a CEO. But I can ride out the depreciation and losing 200K on PAPER, and I hope I don’t have cash out on a down market when I get old. Why would someone go to bankruptcy if mortgage manageable? Also, if I have to move to a similar market when home prices are down, I can probably afford a similar home even if I lose money on the current one.

Also, I am NOT suggesting anyone to buy. The guy asked about the community, and I am just giving him my opinion of it, since i have a first-hand experience. Like he said, he can’t even buy (from a phase release) even if he wants to.

[4runner]

Even after selling a house, a family needs a equivalent place to live in; perhaps for rich families, the hassle isn’t worth a few 100K.

Gotta love it. What is a few 100K nowadays, anyway?

[4runner]

Even after selling a house, a family needs a equivalent place to live in; perhaps for rich families, the hassle isn’t worth a few 100K.

Gotta love it. What is a few 100K nowadays, anyway?

[Author]

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