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February 24, 2008 at 9:25 AM #159234February 24, 2008 at 9:29 AM #158857bsrsharmaParticipant
sell it for more than six times what I bought it for less than than 10 years prior
Where was this house? Is "Pimp Daddy" still around?
February 24, 2008 at 9:29 AM #159150bsrsharmaParticipantsell it for more than six times what I bought it for less than than 10 years prior
Where was this house? Is "Pimp Daddy" still around?
February 24, 2008 at 9:29 AM #159161bsrsharmaParticipantsell it for more than six times what I bought it for less than than 10 years prior
Where was this house? Is "Pimp Daddy" still around?
February 24, 2008 at 9:29 AM #159167bsrsharmaParticipantsell it for more than six times what I bought it for less than than 10 years prior
Where was this house? Is "Pimp Daddy" still around?
February 24, 2008 at 9:29 AM #159245bsrsharmaParticipantsell it for more than six times what I bought it for less than than 10 years prior
Where was this house? Is "Pimp Daddy" still around?
February 24, 2008 at 9:47 AM #158887JWM in SDParticipantJWM in SD
Enorah,
My epiphany story is very similar. I also moved from Chicago to SD in Fall 2004. I owned a nice townhouse in Hinsdale that would have cost 3 times as much here for something similar. It really became apparent to me for the following reasons:
1.) I had conducted a thorough a job search and landed a job before we actually moved. Therefore, I had a good handle on the income differentials between Chicagoland and SD. Not much in chosen profession. Clue number 1.
2.) Constant pressure from the in-laws (all in LA area) to buy before we moved out to SD because we would be “priced out”. Note: none of them are finance professionals and I am. They are all in the Healthcare field (Philipino Nurses largely).
3.)People reporting to my wife (enlisteds at Balboa hospital) who make less half our combined income in many cases were buying 700K houses in SD.
4.) Discovered that I/O loans were being largely used to accomplish purchases at ridiculous price to income ratios.February 24, 2008 at 9:47 AM #159179JWM in SDParticipantJWM in SD
Enorah,
My epiphany story is very similar. I also moved from Chicago to SD in Fall 2004. I owned a nice townhouse in Hinsdale that would have cost 3 times as much here for something similar. It really became apparent to me for the following reasons:
1.) I had conducted a thorough a job search and landed a job before we actually moved. Therefore, I had a good handle on the income differentials between Chicagoland and SD. Not much in chosen profession. Clue number 1.
2.) Constant pressure from the in-laws (all in LA area) to buy before we moved out to SD because we would be “priced out”. Note: none of them are finance professionals and I am. They are all in the Healthcare field (Philipino Nurses largely).
3.)People reporting to my wife (enlisteds at Balboa hospital) who make less half our combined income in many cases were buying 700K houses in SD.
4.) Discovered that I/O loans were being largely used to accomplish purchases at ridiculous price to income ratios.February 24, 2008 at 9:47 AM #159191JWM in SDParticipantJWM in SD
Enorah,
My epiphany story is very similar. I also moved from Chicago to SD in Fall 2004. I owned a nice townhouse in Hinsdale that would have cost 3 times as much here for something similar. It really became apparent to me for the following reasons:
1.) I had conducted a thorough a job search and landed a job before we actually moved. Therefore, I had a good handle on the income differentials between Chicagoland and SD. Not much in chosen profession. Clue number 1.
2.) Constant pressure from the in-laws (all in LA area) to buy before we moved out to SD because we would be “priced out”. Note: none of them are finance professionals and I am. They are all in the Healthcare field (Philipino Nurses largely).
3.)People reporting to my wife (enlisteds at Balboa hospital) who make less half our combined income in many cases were buying 700K houses in SD.
4.) Discovered that I/O loans were being largely used to accomplish purchases at ridiculous price to income ratios.February 24, 2008 at 9:47 AM #159197JWM in SDParticipantJWM in SD
Enorah,
My epiphany story is very similar. I also moved from Chicago to SD in Fall 2004. I owned a nice townhouse in Hinsdale that would have cost 3 times as much here for something similar. It really became apparent to me for the following reasons:
1.) I had conducted a thorough a job search and landed a job before we actually moved. Therefore, I had a good handle on the income differentials between Chicagoland and SD. Not much in chosen profession. Clue number 1.
2.) Constant pressure from the in-laws (all in LA area) to buy before we moved out to SD because we would be “priced out”. Note: none of them are finance professionals and I am. They are all in the Healthcare field (Philipino Nurses largely).
3.)People reporting to my wife (enlisteds at Balboa hospital) who make less half our combined income in many cases were buying 700K houses in SD.
4.) Discovered that I/O loans were being largely used to accomplish purchases at ridiculous price to income ratios.February 24, 2008 at 9:47 AM #159274JWM in SDParticipantJWM in SD
Enorah,
My epiphany story is very similar. I also moved from Chicago to SD in Fall 2004. I owned a nice townhouse in Hinsdale that would have cost 3 times as much here for something similar. It really became apparent to me for the following reasons:
1.) I had conducted a thorough a job search and landed a job before we actually moved. Therefore, I had a good handle on the income differentials between Chicagoland and SD. Not much in chosen profession. Clue number 1.
2.) Constant pressure from the in-laws (all in LA area) to buy before we moved out to SD because we would be “priced out”. Note: none of them are finance professionals and I am. They are all in the Healthcare field (Philipino Nurses largely).
3.)People reporting to my wife (enlisteds at Balboa hospital) who make less half our combined income in many cases were buying 700K houses in SD.
4.) Discovered that I/O loans were being largely used to accomplish purchases at ridiculous price to income ratios.February 24, 2008 at 10:00 AM #158907EnorahParticipantJWM – Always nice to meet a former Chicagoland resident. I have seen that migration a lot out here – Chicago to California.
February 24, 2008 at 10:00 AM #159198EnorahParticipantJWM – Always nice to meet a former Chicagoland resident. I have seen that migration a lot out here – Chicago to California.
February 24, 2008 at 10:00 AM #159211EnorahParticipantJWM – Always nice to meet a former Chicagoland resident. I have seen that migration a lot out here – Chicago to California.
February 24, 2008 at 10:00 AM #159217EnorahParticipantJWM – Always nice to meet a former Chicagoland resident. I have seen that migration a lot out here – Chicago to California.
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