How and When Did You know?

[Anonymous]

Beginning of 2002. I was getting the family house ready to go on the market and the realtor’s estimate of what the listing price should be was changing week to week. First it was $275k. Two weeks later, after $2k of hardwood floor refinishing, it was suggested we list at $300k. Then a week after that as we went to list, he suggested we try for $325k. House sold in one weekend for $25k above asking. Crazy. And this was a 1300 sq ft 1920’s house with NO updates since the 60’s except copper plumbing and a new roof at some point. We needed to buy a larger home immediately (needed to get my father out of an assisted living facility) and bought a brand new 2700 sq ft $265k house in Temecula. By early 2004, the builder was selling our model for $425k and we knew that was just ridiculous for a house in the middle of nowhere (French Valley). We put the house on the market, sold in a week for asking at $435k and sat on the cash for a few years. If you want to know how the story ends, we are now in a perfectly nice 1981 2800 sq ft house with a pool in North Dallas which was $240k.I am so happy to be out of the madness. I love San Diego and may come back and live in a tiny apartment as an old lady, but living in Dallas and visiting San Diego certainly has been the smart thing for my family’s monetary situation.

[snail]

In 2006, I seen $1 million tract house with less than an acre of land in Riverside County, my feeling was “this is just doesn’t make any sense”. I was always slow…

[snail]

In 2006, I seen $1 million tract house with less than an acre of land in Riverside County, my feeling was “this is just doesn’t make any sense”. I was always slow…

[snail]

In 2006, I seen $1 million tract house with less than an acre of land in Riverside County, my feeling was “this is just doesn’t make any sense”. I was always slow…

[snail]

In 2006, I seen $1 million tract house with less than an acre of land in Riverside County, my feeling was “this is just doesn’t make any sense”. I was always slow…

[snail]

In 2006, I seen $1 million tract house with less than an acre of land in Riverside County, my feeling was “this is just doesn’t make any sense”. I was always slow…

[cr]

I thought something seemed odd when the neighborhood single parent child knocked on my door to ask me for a newspaper subscription and then got in his mom’s brand new Mercedes CL 500 AMG.

It was confirmed when the next day my gardener arrived in a brand new Escalade Truck with 24″ gold plated, diamond studded spinner rims, and listened to music on his iPhone while he worked.

Give me an H, give me an E, give me an L, give me an O, give me a C, what’s that spell?

American Dream!!

[cr]

I thought something seemed odd when the neighborhood single parent child knocked on my door to ask me for a newspaper subscription and then got in his mom’s brand new Mercedes CL 500 AMG.

It was confirmed when the next day my gardener arrived in a brand new Escalade Truck with 24″ gold plated, diamond studded spinner rims, and listened to music on his iPhone while he worked.

Give me an H, give me an E, give me an L, give me an O, give me a C, what’s that spell?

American Dream!!

[cr]

I thought something seemed odd when the neighborhood single parent child knocked on my door to ask me for a newspaper subscription and then got in his mom’s brand new Mercedes CL 500 AMG.

It was confirmed when the next day my gardener arrived in a brand new Escalade Truck with 24″ gold plated, diamond studded spinner rims, and listened to music on his iPhone while he worked.

Give me an H, give me an E, give me an L, give me an O, give me a C, what’s that spell?

American Dream!!

[cr]

I thought something seemed odd when the neighborhood single parent child knocked on my door to ask me for a newspaper subscription and then got in his mom’s brand new Mercedes CL 500 AMG.

It was confirmed when the next day my gardener arrived in a brand new Escalade Truck with 24″ gold plated, diamond studded spinner rims, and listened to music on his iPhone while he worked.

Give me an H, give me an E, give me an L, give me an O, give me a C, what’s that spell?

American Dream!!

[cr]

I thought something seemed odd when the neighborhood single parent child knocked on my door to ask me for a newspaper subscription and then got in his mom’s brand new Mercedes CL 500 AMG.

It was confirmed when the next day my gardener arrived in a brand new Escalade Truck with 24″ gold plated, diamond studded spinner rims, and listened to music on his iPhone while he worked.

Give me an H, give me an E, give me an L, give me an O, give me a C, what’s that spell?

American Dream!!

[Anonymous]

it was in 2004, when I realized that maybe I shouldn’t be renting and should look to buy something, since some of my friends has purchased and were going on and on about how “rich” they were because of their new-found equity. I looked and realized that even with a decent salary, all houses around where I wanted to live were way out of my range unless I used exotic financing. I was not comfortable with that at all.

I ended up buying out of state and renting it out. Sold in ’06 and made some money on it. Before I sold, somewhere in ’05, I knew that there was probably a bubble. It was ’06 where I realized that it had to collapse though (thanks to this site and others).

[Anonymous]

it was in 2004, when I realized that maybe I shouldn’t be renting and should look to buy something, since some of my friends has purchased and were going on and on about how “rich” they were because of their new-found equity. I looked and realized that even with a decent salary, all houses around where I wanted to live were way out of my range unless I used exotic financing. I was not comfortable with that at all.

I ended up buying out of state and renting it out. Sold in ’06 and made some money on it. Before I sold, somewhere in ’05, I knew that there was probably a bubble. It was ’06 where I realized that it had to collapse though (thanks to this site and others).

[Anonymous]

it was in 2004, when I realized that maybe I shouldn’t be renting and should look to buy something, since some of my friends has purchased and were going on and on about how “rich” they were because of their new-found equity. I looked and realized that even with a decent salary, all houses around where I wanted to live were way out of my range unless I used exotic financing. I was not comfortable with that at all.

I ended up buying out of state and renting it out. Sold in ’06 and made some money on it. Before I sold, somewhere in ’05, I knew that there was probably a bubble. It was ’06 where I realized that it had to collapse though (thanks to this site and others).

[Anonymous]

it was in 2004, when I realized that maybe I shouldn’t be renting and should look to buy something, since some of my friends has purchased and were going on and on about how “rich” they were because of their new-found equity. I looked and realized that even with a decent salary, all houses around where I wanted to live were way out of my range unless I used exotic financing. I was not comfortable with that at all.

I ended up buying out of state and renting it out. Sold in ’06 and made some money on it. Before I sold, somewhere in ’05, I knew that there was probably a bubble. It was ’06 where I realized that it had to collapse though (thanks to this site and others).

[Author]

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