Dilemma to buy…need your opinions

[DWCAP]

Sunny, like hell you cant time the market. I looked at the market in 2006, cried BS, and didnt buy. Ill buy in the future, when my social reality dictates. That is timing the market like no other considering that where I am likly to buy it is down 30%+.

You may not be able to time the bottom perfectly, I admit only one person will do that, but you sure as hell can time the market. ( basically I may not have been perfect, but this is hand granades and horse shoes territory. Close to the bottom counts.)

Sorry to be a jerk, but I heard this one today at work and decided that a Chemist needed a talking to. It was being used to justify some really bad past behavior.

[socrattt]

[quote=sunny88]The only problem is that you can’t time the market and long-term, i.e. in 15 years the home prices will be (hopefully) higher than now.[/quote]

Sunny at the rate this government is going we will all be living in shacks with tin roofs in 15 years (except for those getting bailed out). One thing we can’t time is how fast our government is printing dollar bills, nor can we count the number of absurd government programs aimed at stimulating bad debt!

One thing we can all assure you here on this board is that real estate has yet to hit the bottom and Obama has made every possible move to help the same irresponsible buyers to remain in the homes they still won’t be able to afford.

Trojan, rent a place in Encinitas or Carlsbad by the beach, drink some Mai Tais on your days off, jump on the 5 during non-traffic hours for your quick shot to LA and wait for the market to reveal itself to you! Regardless of your situation waiting will only benefit you!!

[socrattt]

[quote=sunny88]The only problem is that you can’t time the market and long-term, i.e. in 15 years the home prices will be (hopefully) higher than now.[/quote]

Sunny at the rate this government is going we will all be living in shacks with tin roofs in 15 years (except for those getting bailed out). One thing we can’t time is how fast our government is printing dollar bills, nor can we count the number of absurd government programs aimed at stimulating bad debt!

One thing we can all assure you here on this board is that real estate has yet to hit the bottom and Obama has made every possible move to help the same irresponsible buyers to remain in the homes they still won’t be able to afford.

Trojan, rent a place in Encinitas or Carlsbad by the beach, drink some Mai Tais on your days off, jump on the 5 during non-traffic hours for your quick shot to LA and wait for the market to reveal itself to you! Regardless of your situation waiting will only benefit you!!

[socrattt]

[quote=sunny88]The only problem is that you can’t time the market and long-term, i.e. in 15 years the home prices will be (hopefully) higher than now.[/quote]

Sunny at the rate this government is going we will all be living in shacks with tin roofs in 15 years (except for those getting bailed out). One thing we can’t time is how fast our government is printing dollar bills, nor can we count the number of absurd government programs aimed at stimulating bad debt!

One thing we can all assure you here on this board is that real estate has yet to hit the bottom and Obama has made every possible move to help the same irresponsible buyers to remain in the homes they still won’t be able to afford.

Trojan, rent a place in Encinitas or Carlsbad by the beach, drink some Mai Tais on your days off, jump on the 5 during non-traffic hours for your quick shot to LA and wait for the market to reveal itself to you! Regardless of your situation waiting will only benefit you!!

[socrattt]

[quote=sunny88]The only problem is that you can’t time the market and long-term, i.e. in 15 years the home prices will be (hopefully) higher than now.[/quote]

Sunny at the rate this government is going we will all be living in shacks with tin roofs in 15 years (except for those getting bailed out). One thing we can’t time is how fast our government is printing dollar bills, nor can we count the number of absurd government programs aimed at stimulating bad debt!

One thing we can all assure you here on this board is that real estate has yet to hit the bottom and Obama has made every possible move to help the same irresponsible buyers to remain in the homes they still won’t be able to afford.

Trojan, rent a place in Encinitas or Carlsbad by the beach, drink some Mai Tais on your days off, jump on the 5 during non-traffic hours for your quick shot to LA and wait for the market to reveal itself to you! Regardless of your situation waiting will only benefit you!!

[socrattt]

[quote=sunny88]The only problem is that you can’t time the market and long-term, i.e. in 15 years the home prices will be (hopefully) higher than now.[/quote]

Sunny at the rate this government is going we will all be living in shacks with tin roofs in 15 years (except for those getting bailed out). One thing we can’t time is how fast our government is printing dollar bills, nor can we count the number of absurd government programs aimed at stimulating bad debt!

One thing we can all assure you here on this board is that real estate has yet to hit the bottom and Obama has made every possible move to help the same irresponsible buyers to remain in the homes they still won’t be able to afford.

Trojan, rent a place in Encinitas or Carlsbad by the beach, drink some Mai Tais on your days off, jump on the 5 during non-traffic hours for your quick shot to LA and wait for the market to reveal itself to you! Regardless of your situation waiting will only benefit you!!

[patb]

one thing to consider.

if you are going to commute, look at
finding a place close to the Amtrak line,
a 2 hour hellish drive can be a 4 hour relaxing
train trip while you doze or catch up on
paperwork.

in that case, parking a beater car
up near a convenient station may well
be a decent match.

san diego is great, but, maybe you could
split the deal, look for a Lease with purchase
option, if the prices collapse, you walk away,
if the prices stabilize, you excercise the
option in a year.

The seller at least gets some cash flow for
a year, and a shot at selling it.

[patb]

one thing to consider.

if you are going to commute, look at
finding a place close to the Amtrak line,
a 2 hour hellish drive can be a 4 hour relaxing
train trip while you doze or catch up on
paperwork.

in that case, parking a beater car
up near a convenient station may well
be a decent match.

san diego is great, but, maybe you could
split the deal, look for a Lease with purchase
option, if the prices collapse, you walk away,
if the prices stabilize, you excercise the
option in a year.

The seller at least gets some cash flow for
a year, and a shot at selling it.

[patb]

one thing to consider.

if you are going to commute, look at
finding a place close to the Amtrak line,
a 2 hour hellish drive can be a 4 hour relaxing
train trip while you doze or catch up on
paperwork.

in that case, parking a beater car
up near a convenient station may well
be a decent match.

san diego is great, but, maybe you could
split the deal, look for a Lease with purchase
option, if the prices collapse, you walk away,
if the prices stabilize, you excercise the
option in a year.

The seller at least gets some cash flow for
a year, and a shot at selling it.

[patb]

one thing to consider.

if you are going to commute, look at
finding a place close to the Amtrak line,
a 2 hour hellish drive can be a 4 hour relaxing
train trip while you doze or catch up on
paperwork.

in that case, parking a beater car
up near a convenient station may well
be a decent match.

san diego is great, but, maybe you could
split the deal, look for a Lease with purchase
option, if the prices collapse, you walk away,
if the prices stabilize, you excercise the
option in a year.

The seller at least gets some cash flow for
a year, and a shot at selling it.

[patb]

one thing to consider.

if you are going to commute, look at
finding a place close to the Amtrak line,
a 2 hour hellish drive can be a 4 hour relaxing
train trip while you doze or catch up on
paperwork.

in that case, parking a beater car
up near a convenient station may well
be a decent match.

san diego is great, but, maybe you could
split the deal, look for a Lease with purchase
option, if the prices collapse, you walk away,
if the prices stabilize, you excercise the
option in a year.

The seller at least gets some cash flow for
a year, and a shot at selling it.

[LuckyInOC]

Trojan4Life,

Here’s another option:

Until you get your transfer, rent a home in OC for a year just before LA County line, such as, Seal Beach, Rossmore, Los Alomitos, Cypress, La Palma, La Habra. You can find some very nice homes and freway close. Travel to RB (5 to 78 to 15) should be about 1 hr without heavy traffic.

My wife has relatives in east SD that we go see every so often. We take the 5-78-15-8 route. We have been considering a 2nd home condo purchase in RB for a few years.

I live in Buena Park (next to Knott’s) and commute to Torrance everyday. Takes about 1 hr with traffic between 6am-8am, 40 mins without. Downtown LA would be a bit more. There actually is a house down our street trying to sell/rent (4b,3b, 2500+sf). I don’t know how much they are asking for rent, was $729K sell, much too high.

Those school districts above are pretty good to very good. Buena Park Elementary is ok, Middle and High schools are not. I send 2 of 3 to privite school. Last one starts next year. My kids are 11, 8, 5.

West or South Torrance may be another rent option, but the drive to RB would kill you. I will take 20-30 mins to get to any freeway.

I like La Habra area on Beach (Hawk’s Point). Some very nice new homes. All the shopping centers in the area are very new. My wife drives up there to do most of her shopping (Cosco, Sam’s, etc). And no LA sales taxes.

Hope this helps, good luck.

LuckyInOC

[LuckyInOC]

Trojan4Life,

Here’s another option:

Until you get your transfer, rent a home in OC for a year just before LA County line, such as, Seal Beach, Rossmore, Los Alomitos, Cypress, La Palma, La Habra. You can find some very nice homes and freway close. Travel to RB (5 to 78 to 15) should be about 1 hr without heavy traffic.

My wife has relatives in east SD that we go see every so often. We take the 5-78-15-8 route. We have been considering a 2nd home condo purchase in RB for a few years.

I live in Buena Park (next to Knott’s) and commute to Torrance everyday. Takes about 1 hr with traffic between 6am-8am, 40 mins without. Downtown LA would be a bit more. There actually is a house down our street trying to sell/rent (4b,3b, 2500+sf). I don’t know how much they are asking for rent, was $729K sell, much too high.

Those school districts above are pretty good to very good. Buena Park Elementary is ok, Middle and High schools are not. I send 2 of 3 to privite school. Last one starts next year. My kids are 11, 8, 5.

West or South Torrance may be another rent option, but the drive to RB would kill you. I will take 20-30 mins to get to any freeway.

I like La Habra area on Beach (Hawk’s Point). Some very nice new homes. All the shopping centers in the area are very new. My wife drives up there to do most of her shopping (Cosco, Sam’s, etc). And no LA sales taxes.

Hope this helps, good luck.

LuckyInOC

[LuckyInOC]

Trojan4Life,

Here’s another option:

Until you get your transfer, rent a home in OC for a year just before LA County line, such as, Seal Beach, Rossmore, Los Alomitos, Cypress, La Palma, La Habra. You can find some very nice homes and freway close. Travel to RB (5 to 78 to 15) should be about 1 hr without heavy traffic.

My wife has relatives in east SD that we go see every so often. We take the 5-78-15-8 route. We have been considering a 2nd home condo purchase in RB for a few years.

I live in Buena Park (next to Knott’s) and commute to Torrance everyday. Takes about 1 hr with traffic between 6am-8am, 40 mins without. Downtown LA would be a bit more. There actually is a house down our street trying to sell/rent (4b,3b, 2500+sf). I don’t know how much they are asking for rent, was $729K sell, much too high.

Those school districts above are pretty good to very good. Buena Park Elementary is ok, Middle and High schools are not. I send 2 of 3 to privite school. Last one starts next year. My kids are 11, 8, 5.

West or South Torrance may be another rent option, but the drive to RB would kill you. I will take 20-30 mins to get to any freeway.

I like La Habra area on Beach (Hawk’s Point). Some very nice new homes. All the shopping centers in the area are very new. My wife drives up there to do most of her shopping (Cosco, Sam’s, etc). And no LA sales taxes.

Hope this helps, good luck.

LuckyInOC

[LuckyInOC]

Trojan4Life,

Here’s another option:

Until you get your transfer, rent a home in OC for a year just before LA County line, such as, Seal Beach, Rossmore, Los Alomitos, Cypress, La Palma, La Habra. You can find some very nice homes and freway close. Travel to RB (5 to 78 to 15) should be about 1 hr without heavy traffic.

My wife has relatives in east SD that we go see every so often. We take the 5-78-15-8 route. We have been considering a 2nd home condo purchase in RB for a few years.

I live in Buena Park (next to Knott’s) and commute to Torrance everyday. Takes about 1 hr with traffic between 6am-8am, 40 mins without. Downtown LA would be a bit more. There actually is a house down our street trying to sell/rent (4b,3b, 2500+sf). I don’t know how much they are asking for rent, was $729K sell, much too high.

Those school districts above are pretty good to very good. Buena Park Elementary is ok, Middle and High schools are not. I send 2 of 3 to privite school. Last one starts next year. My kids are 11, 8, 5.

West or South Torrance may be another rent option, but the drive to RB would kill you. I will take 20-30 mins to get to any freeway.

I like La Habra area on Beach (Hawk’s Point). Some very nice new homes. All the shopping centers in the area are very new. My wife drives up there to do most of her shopping (Cosco, Sam’s, etc). And no LA sales taxes.

Hope this helps, good luck.

LuckyInOC

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