I’m too old to own a home

[scaredyclassic]

sr apt living/nursing home is probably the endgame, but the fantasy of living by the family hearth is nice.

[temeculaguy]

[quote=snail]I used to be an owner, but now just a low life renter. I do really want to buy again but on the other hand don’t really want the hassle of selling if the job requires to. I also think when it is time to retire, I will be staying not in a house but on a senior apartment. So, why worry about buying a house anyway (I only going to buy if it get to $75/sqft in Morgan Hill, where is BEARVINE?). I will just spend my money on a HOG, what do anyone suggest a Roadking or a FatBoy?(sorry for hi-jack)[/quote]

Yeah, where is Bearvine?

Cmon, snail, hold on a tad longer before dropping it on a bike, I pulled $83 a square in morgan and half these boards think I am an idiot for doing so, even if the shadow inventory theory doesn’t live up to expectations, there’s gotta be $8 a square wiggle room in there for ya, that’s like 5%, even I think that’s in the bag by years end, don’t throw in the towel yet. Throw down on some shorts, you never know you might get one, there are some sub $75 shorts out there.

here’s an $81

http://www.redfin.com/CA/Temecula/44917-Dolce-St-92592/home/12506937

and here’s a $67

http://www.redfin.com/CA/Temecula/33675-Sattui-St-92592/home/12508373

They are both shorts so the list price might not be accepted and the second one you aren’t allowed to tour it until your offer is accepted (WTF!).

But there have been others in the 80-90 a square that have sold, stay out of the harley showroom just a little bit longer.

[temeculaguy]

[quote=snail]I used to be an owner, but now just a low life renter. I do really want to buy again but on the other hand don’t really want the hassle of selling if the job requires to. I also think when it is time to retire, I will be staying not in a house but on a senior apartment. So, why worry about buying a house anyway (I only going to buy if it get to $75/sqft in Morgan Hill, where is BEARVINE?). I will just spend my money on a HOG, what do anyone suggest a Roadking or a FatBoy?(sorry for hi-jack)[/quote]

Yeah, where is Bearvine?

Cmon, snail, hold on a tad longer before dropping it on a bike, I pulled $83 a square in morgan and half these boards think I am an idiot for doing so, even if the shadow inventory theory doesn’t live up to expectations, there’s gotta be $8 a square wiggle room in there for ya, that’s like 5%, even I think that’s in the bag by years end, don’t throw in the towel yet. Throw down on some shorts, you never know you might get one, there are some sub $75 shorts out there.

here’s an $81

http://www.redfin.com/CA/Temecula/44917-Dolce-St-92592/home/12506937

and here’s a $67

http://www.redfin.com/CA/Temecula/33675-Sattui-St-92592/home/12508373

They are both shorts so the list price might not be accepted and the second one you aren’t allowed to tour it until your offer is accepted (WTF!).

But there have been others in the 80-90 a square that have sold, stay out of the harley showroom just a little bit longer.

[temeculaguy]

[quote=snail]I used to be an owner, but now just a low life renter. I do really want to buy again but on the other hand don’t really want the hassle of selling if the job requires to. I also think when it is time to retire, I will be staying not in a house but on a senior apartment. So, why worry about buying a house anyway (I only going to buy if it get to $75/sqft in Morgan Hill, where is BEARVINE?). I will just spend my money on a HOG, what do anyone suggest a Roadking or a FatBoy?(sorry for hi-jack)[/quote]

Yeah, where is Bearvine?

Cmon, snail, hold on a tad longer before dropping it on a bike, I pulled $83 a square in morgan and half these boards think I am an idiot for doing so, even if the shadow inventory theory doesn’t live up to expectations, there’s gotta be $8 a square wiggle room in there for ya, that’s like 5%, even I think that’s in the bag by years end, don’t throw in the towel yet. Throw down on some shorts, you never know you might get one, there are some sub $75 shorts out there.

here’s an $81

http://www.redfin.com/CA/Temecula/44917-Dolce-St-92592/home/12506937

and here’s a $67

http://www.redfin.com/CA/Temecula/33675-Sattui-St-92592/home/12508373

They are both shorts so the list price might not be accepted and the second one you aren’t allowed to tour it until your offer is accepted (WTF!).

But there have been others in the 80-90 a square that have sold, stay out of the harley showroom just a little bit longer.

[temeculaguy]

[quote=snail]I used to be an owner, but now just a low life renter. I do really want to buy again but on the other hand don’t really want the hassle of selling if the job requires to. I also think when it is time to retire, I will be staying not in a house but on a senior apartment. So, why worry about buying a house anyway (I only going to buy if it get to $75/sqft in Morgan Hill, where is BEARVINE?). I will just spend my money on a HOG, what do anyone suggest a Roadking or a FatBoy?(sorry for hi-jack)[/quote]

Yeah, where is Bearvine?

Cmon, snail, hold on a tad longer before dropping it on a bike, I pulled $83 a square in morgan and half these boards think I am an idiot for doing so, even if the shadow inventory theory doesn’t live up to expectations, there’s gotta be $8 a square wiggle room in there for ya, that’s like 5%, even I think that’s in the bag by years end, don’t throw in the towel yet. Throw down on some shorts, you never know you might get one, there are some sub $75 shorts out there.

here’s an $81

http://www.redfin.com/CA/Temecula/44917-Dolce-St-92592/home/12506937

and here’s a $67

http://www.redfin.com/CA/Temecula/33675-Sattui-St-92592/home/12508373

They are both shorts so the list price might not be accepted and the second one you aren’t allowed to tour it until your offer is accepted (WTF!).

But there have been others in the 80-90 a square that have sold, stay out of the harley showroom just a little bit longer.

[temeculaguy]

[quote=snail]I used to be an owner, but now just a low life renter. I do really want to buy again but on the other hand don’t really want the hassle of selling if the job requires to. I also think when it is time to retire, I will be staying not in a house but on a senior apartment. So, why worry about buying a house anyway (I only going to buy if it get to $75/sqft in Morgan Hill, where is BEARVINE?). I will just spend my money on a HOG, what do anyone suggest a Roadking or a FatBoy?(sorry for hi-jack)[/quote]

Yeah, where is Bearvine?

Cmon, snail, hold on a tad longer before dropping it on a bike, I pulled $83 a square in morgan and half these boards think I am an idiot for doing so, even if the shadow inventory theory doesn’t live up to expectations, there’s gotta be $8 a square wiggle room in there for ya, that’s like 5%, even I think that’s in the bag by years end, don’t throw in the towel yet. Throw down on some shorts, you never know you might get one, there are some sub $75 shorts out there.

here’s an $81

http://www.redfin.com/CA/Temecula/44917-Dolce-St-92592/home/12506937

and here’s a $67

http://www.redfin.com/CA/Temecula/33675-Sattui-St-92592/home/12508373

They are both shorts so the list price might not be accepted and the second one you aren’t allowed to tour it until your offer is accepted (WTF!).

But there have been others in the 80-90 a square that have sold, stay out of the harley showroom just a little bit longer.

[temeculaguy]

I did a refin search extracting out all the shorts and pendings, cheapest ppsf south of temecula parkway was $91 a square, give it till this fall and then promise you will wear a helmet.

[temeculaguy]

I did a refin search extracting out all the shorts and pendings, cheapest ppsf south of temecula parkway was $91 a square, give it till this fall and then promise you will wear a helmet.

[temeculaguy]

I did a refin search extracting out all the shorts and pendings, cheapest ppsf south of temecula parkway was $91 a square, give it till this fall and then promise you will wear a helmet.

[temeculaguy]

I did a refin search extracting out all the shorts and pendings, cheapest ppsf south of temecula parkway was $91 a square, give it till this fall and then promise you will wear a helmet.

[temeculaguy]

I did a refin search extracting out all the shorts and pendings, cheapest ppsf south of temecula parkway was $91 a square, give it till this fall and then promise you will wear a helmet.

[Anonymous]

The “buy vs. rent” decision involves several concerns (investment, security, establishing “roots”, etc.) It is easy to get overwhelmed by all of them. Lots of good advice here about the issues.

Regarding the OP: I think sometimes the concern about not actually “owning” the home can be overemphasized.

IANAL, but I do know that homeowners do technically, “own” their house even if there is a huge mortgage on it. Maybe this is just semantics, but I think it is important to remember that the bank does not “own the house” as is often said. (BTW: I seem to recall that scardeycat is a lawyer, or at least went to law school…so feel free to tell me if I’m talking nonsense…)

Yes, a mortgage is a big liability, and it can be intimidating. From a financial accounting perspective, this liability is not always a bad thing, as the liability is offset by an asset. It all comes down to cash flow, which is likely about the same these days when considering rent vs. buy. Although this may seem a bit academic, I find it helps keep things in perspective.

I have a mortgage on my house. It is likely that I will be able to pay it down in my lifetime, so I am fortunate in that regard. It will be nice to have a little extra cash flow when I do, but I’m not stressing much in the meantime. Paying off a house can be an overrated goal.

[Anonymous]

The “buy vs. rent” decision involves several concerns (investment, security, establishing “roots”, etc.) It is easy to get overwhelmed by all of them. Lots of good advice here about the issues.

Regarding the OP: I think sometimes the concern about not actually “owning” the home can be overemphasized.

IANAL, but I do know that homeowners do technically, “own” their house even if there is a huge mortgage on it. Maybe this is just semantics, but I think it is important to remember that the bank does not “own the house” as is often said. (BTW: I seem to recall that scardeycat is a lawyer, or at least went to law school…so feel free to tell me if I’m talking nonsense…)

Yes, a mortgage is a big liability, and it can be intimidating. From a financial accounting perspective, this liability is not always a bad thing, as the liability is offset by an asset. It all comes down to cash flow, which is likely about the same these days when considering rent vs. buy. Although this may seem a bit academic, I find it helps keep things in perspective.

I have a mortgage on my house. It is likely that I will be able to pay it down in my lifetime, so I am fortunate in that regard. It will be nice to have a little extra cash flow when I do, but I’m not stressing much in the meantime. Paying off a house can be an overrated goal.

[Anonymous]

The “buy vs. rent” decision involves several concerns (investment, security, establishing “roots”, etc.) It is easy to get overwhelmed by all of them. Lots of good advice here about the issues.

Regarding the OP: I think sometimes the concern about not actually “owning” the home can be overemphasized.

IANAL, but I do know that homeowners do technically, “own” their house even if there is a huge mortgage on it. Maybe this is just semantics, but I think it is important to remember that the bank does not “own the house” as is often said. (BTW: I seem to recall that scardeycat is a lawyer, or at least went to law school…so feel free to tell me if I’m talking nonsense…)

Yes, a mortgage is a big liability, and it can be intimidating. From a financial accounting perspective, this liability is not always a bad thing, as the liability is offset by an asset. It all comes down to cash flow, which is likely about the same these days when considering rent vs. buy. Although this may seem a bit academic, I find it helps keep things in perspective.

I have a mortgage on my house. It is likely that I will be able to pay it down in my lifetime, so I am fortunate in that regard. It will be nice to have a little extra cash flow when I do, but I’m not stressing much in the meantime. Paying off a house can be an overrated goal.

[Anonymous]

The “buy vs. rent” decision involves several concerns (investment, security, establishing “roots”, etc.) It is easy to get overwhelmed by all of them. Lots of good advice here about the issues.

Regarding the OP: I think sometimes the concern about not actually “owning” the home can be overemphasized.

IANAL, but I do know that homeowners do technically, “own” their house even if there is a huge mortgage on it. Maybe this is just semantics, but I think it is important to remember that the bank does not “own the house” as is often said. (BTW: I seem to recall that scardeycat is a lawyer, or at least went to law school…so feel free to tell me if I’m talking nonsense…)

Yes, a mortgage is a big liability, and it can be intimidating. From a financial accounting perspective, this liability is not always a bad thing, as the liability is offset by an asset. It all comes down to cash flow, which is likely about the same these days when considering rent vs. buy. Although this may seem a bit academic, I find it helps keep things in perspective.

I have a mortgage on my house. It is likely that I will be able to pay it down in my lifetime, so I am fortunate in that regard. It will be nice to have a little extra cash flow when I do, but I’m not stressing much in the meantime. Paying off a house can be an overrated goal.

[Author]

Posts