- This topic has 231 replies, 23 voices, and was last updated 16 years, 2 months ago by
peterb.
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September 25, 2008 at 10:26 PM #275932September 25, 2008 at 10:28 PM #275627
KIBU
ParticipantTG,
why don’t you wait till the details of that bail out bill come out and then do a reassessment as it relates to the timing?
Heck, I am confused more than ever (happen every time the govt came in and bail out the market) and don’t really know exactly how to think through these.
After the details come out maybe I will be more confused….but it’s only a few days to wait and you won’t have enough time to finish purchasing the home or have a response on your offer before the artificial exuberance may start again.
On the other hand, maybe you got nothing to lose by putting in the offer. Good luck
September 25, 2008 at 10:28 PM #275878ParticipantTG,
why don’t you wait till the details of that bail out bill come out and then do a reassessment as it relates to the timing?
Heck, I am confused more than ever (happen every time the govt came in and bail out the market) and don’t really know exactly how to think through these.
After the details come out maybe I will be more confused….but it’s only a few days to wait and you won’t have enough time to finish purchasing the home or have a response on your offer before the artificial exuberance may start again.
On the other hand, maybe you got nothing to lose by putting in the offer. Good luck
September 25, 2008 at 10:28 PM #275881ParticipantTG,
why don’t you wait till the details of that bail out bill come out and then do a reassessment as it relates to the timing?
Heck, I am confused more than ever (happen every time the govt came in and bail out the market) and don’t really know exactly how to think through these.
After the details come out maybe I will be more confused….but it’s only a few days to wait and you won’t have enough time to finish purchasing the home or have a response on your offer before the artificial exuberance may start again.
On the other hand, maybe you got nothing to lose by putting in the offer. Good luck
September 25, 2008 at 10:28 PM #275929ParticipantTG,
why don’t you wait till the details of that bail out bill come out and then do a reassessment as it relates to the timing?
Heck, I am confused more than ever (happen every time the govt came in and bail out the market) and don’t really know exactly how to think through these.
After the details come out maybe I will be more confused….but it’s only a few days to wait and you won’t have enough time to finish purchasing the home or have a response on your offer before the artificial exuberance may start again.
On the other hand, maybe you got nothing to lose by putting in the offer. Good luck
September 25, 2008 at 10:28 PM #275947ParticipantTG,
why don’t you wait till the details of that bail out bill come out and then do a reassessment as it relates to the timing?
Heck, I am confused more than ever (happen every time the govt came in and bail out the market) and don’t really know exactly how to think through these.
After the details come out maybe I will be more confused….but it’s only a few days to wait and you won’t have enough time to finish purchasing the home or have a response on your offer before the artificial exuberance may start again.
On the other hand, maybe you got nothing to lose by putting in the offer. Good luck
September 25, 2008 at 10:41 PM #275641nostradamus
ParticipantWow sounds like Temecula is at ground zero. I admit I don’t look in that area.
If you buy make sure to invite us to the housewarming!
September 25, 2008 at 10:41 PM #275893ParticipantWow sounds like Temecula is at ground zero. I admit I don’t look in that area.
If you buy make sure to invite us to the housewarming!
September 25, 2008 at 10:41 PM #275895ParticipantWow sounds like Temecula is at ground zero. I admit I don’t look in that area.
If you buy make sure to invite us to the housewarming!
September 25, 2008 at 10:41 PM #275944ParticipantWow sounds like Temecula is at ground zero. I admit I don’t look in that area.
If you buy make sure to invite us to the housewarming!
September 25, 2008 at 10:41 PM #275962ParticipantWow sounds like Temecula is at ground zero. I admit I don’t look in that area.
If you buy make sure to invite us to the housewarming!
September 25, 2008 at 10:50 PM #275671temeculaguy
ParticipantKIBU, it’s a lowballer’s paradise, nobody’s looking. Even with the bailout or without it, I will still have to rent. Double my sq ft at rent price, that’s the new goal, my only fear is that some idiot who is oblivious to the news outbids me, but as far as i can see, there’s never been a better week to shop.
In the grand scheme of things, I’m hedging. I completely divested in 2005. Even if my offer tomorrow is taken and things fall further, the plan is to buy a rental 6 months later. Even if i were to buy the primary at 280k and a rental at 120k with 1200 in rental income (which i could at today’s price), my investment is 200k less than what I divested at, the primary res is bigger and better and the rental is free. If things completely tank into Great Depression 2.0, then I got back in at .40 on the dollar on the primary and scrap the rental plans and hunker down, who cares at that point. There is also the very real fear of hyperinflation and double digit interest rates, I’ll be hedging against those. If they allow bankruptcy protection for primary residences, interest rates for homes will mimmic credit cards, prices will crash but payments wont.
It all goes to the theory that as soon as nobody wants to buy, it’s time.
September 25, 2008 at 10:50 PM #275923ParticipantKIBU, it’s a lowballer’s paradise, nobody’s looking. Even with the bailout or without it, I will still have to rent. Double my sq ft at rent price, that’s the new goal, my only fear is that some idiot who is oblivious to the news outbids me, but as far as i can see, there’s never been a better week to shop.
In the grand scheme of things, I’m hedging. I completely divested in 2005. Even if my offer tomorrow is taken and things fall further, the plan is to buy a rental 6 months later. Even if i were to buy the primary at 280k and a rental at 120k with 1200 in rental income (which i could at today’s price), my investment is 200k less than what I divested at, the primary res is bigger and better and the rental is free. If things completely tank into Great Depression 2.0, then I got back in at .40 on the dollar on the primary and scrap the rental plans and hunker down, who cares at that point. There is also the very real fear of hyperinflation and double digit interest rates, I’ll be hedging against those. If they allow bankruptcy protection for primary residences, interest rates for homes will mimmic credit cards, prices will crash but payments wont.
It all goes to the theory that as soon as nobody wants to buy, it’s time.
September 25, 2008 at 10:50 PM #275926ParticipantKIBU, it’s a lowballer’s paradise, nobody’s looking. Even with the bailout or without it, I will still have to rent. Double my sq ft at rent price, that’s the new goal, my only fear is that some idiot who is oblivious to the news outbids me, but as far as i can see, there’s never been a better week to shop.
In the grand scheme of things, I’m hedging. I completely divested in 2005. Even if my offer tomorrow is taken and things fall further, the plan is to buy a rental 6 months later. Even if i were to buy the primary at 280k and a rental at 120k with 1200 in rental income (which i could at today’s price), my investment is 200k less than what I divested at, the primary res is bigger and better and the rental is free. If things completely tank into Great Depression 2.0, then I got back in at .40 on the dollar on the primary and scrap the rental plans and hunker down, who cares at that point. There is also the very real fear of hyperinflation and double digit interest rates, I’ll be hedging against those. If they allow bankruptcy protection for primary residences, interest rates for homes will mimmic credit cards, prices will crash but payments wont.
It all goes to the theory that as soon as nobody wants to buy, it’s time.
September 25, 2008 at 10:50 PM #275974ParticipantKIBU, it’s a lowballer’s paradise, nobody’s looking. Even with the bailout or without it, I will still have to rent. Double my sq ft at rent price, that’s the new goal, my only fear is that some idiot who is oblivious to the news outbids me, but as far as i can see, there’s never been a better week to shop.
In the grand scheme of things, I’m hedging. I completely divested in 2005. Even if my offer tomorrow is taken and things fall further, the plan is to buy a rental 6 months later. Even if i were to buy the primary at 280k and a rental at 120k with 1200 in rental income (which i could at today’s price), my investment is 200k less than what I divested at, the primary res is bigger and better and the rental is free. If things completely tank into Great Depression 2.0, then I got back in at .40 on the dollar on the primary and scrap the rental plans and hunker down, who cares at that point. There is also the very real fear of hyperinflation and double digit interest rates, I’ll be hedging against those. If they allow bankruptcy protection for primary residences, interest rates for homes will mimmic credit cards, prices will crash but payments wont.
It all goes to the theory that as soon as nobody wants to buy, it’s time.
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