I really really really want to buy, soon

[futurePrezOfUSofA]

125mph,

why do you really want to buy soon? Is there a strong and compelling reason?

Remember: Desire is one thing.. that usually leads to impulse buying and want is the other thing. The “want” part is usually more compulsive and more logical.

I came to san diego 2 weeks back and think this area needs some serious correction. everything is almost 25% more overvalued than what I might pay in an upscale chicago neighborhood. i mean everything from food, to necessary services, and to real estate.

futurePrezOfUSofA

PS: By the way.. did you do your MBA from Duke university? My roommate used that 125mph nickname before.. I lost touch with him though.. just curious..

[125mph]

Nope I went to UCLA not duke.

I guess I have a desire to buy and been waiting for about a year now. I will probably rent for another year seeing as though everyone thinks I’m craze for buying now, but I don’t think prices will get below 400 for homes at 600 right now though. Well maybe I’ll make a few lowball offers to see if anything bites. RE is going down but I don’t think it will take a suicide dive.

[125mph]

Nope I went to UCLA not duke.

I guess I have a desire to buy and been waiting for about a year now. I will probably rent for another year seeing as though everyone thinks I’m craze for buying now, but I don’t think prices will get below 400 for homes at 600 right now though. Well maybe I’ll make a few lowball offers to see if anything bites. RE is going down but I don’t think it will take a suicide dive.

[125mph]

Nope I went to UCLA not duke.

I guess I have a desire to buy and been waiting for about a year now. I will probably rent for another year seeing as though everyone thinks I’m craze for buying now, but I don’t think prices will get below 400 for homes at 600 right now though. Well maybe I’ll make a few lowball offers to see if anything bites. RE is going down but I don’t think it will take a suicide dive.

[125mph]

Nope I went to UCLA not duke.

I guess I have a desire to buy and been waiting for about a year now. I will probably rent for another year seeing as though everyone thinks I’m craze for buying now, but I don’t think prices will get below 400 for homes at 600 right now though. Well maybe I’ll make a few lowball offers to see if anything bites. RE is going down but I don’t think it will take a suicide dive.

[125mph]

Nope I went to UCLA not duke.

I guess I have a desire to buy and been waiting for about a year now. I will probably rent for another year seeing as though everyone thinks I’m craze for buying now, but I don’t think prices will get below 400 for homes at 600 right now though. Well maybe I’ll make a few lowball offers to see if anything bites. RE is going down but I don’t think it will take a suicide dive.

[larrylujack]

fprez,
hahha, comparing chicago to san diego is like comparing apples to donuts. Basing an expectation of a housing price correction based upon prices in Chicago is therefore absurd.

I am from chicago and would never ever consider going back to the midwest winter wonderland, no way, no how, and I am certain many others are willing to earn less just to enjoy the better weather in SD, so price comparisons are consequently meaningless. Case in point, I just drove down to bay park today to pick up some fresh sword fish with my convertible top down, you simply can’t put a price on that!

In addition, job opportunities for me and the pay is vastly better out here than in the winter wonderland.
thus, for someone such as myself, in addition to the vastly superior weather, I can live better in SD than chicago and have much better career ops, there is simply no way I’d live in Lincoln park or whatever snooty hood you consider upscale in Chicago.

lastly, long term, if you really want to compare cities, I think San diego is similar to the bay area because both have a highly desirable location and a superior high tech industry with electronics and biotech leading the way. Chicago has alot going for it, but nothing in the way of desirable location or technology base, it’s essentially a rust belt city. At some point in the future, san diego home prices will reflect bay area prices.

[larrylujack]

fprez,
hahha, comparing chicago to san diego is like comparing apples to donuts. Basing an expectation of a housing price correction based upon prices in Chicago is therefore absurd.

I am from chicago and would never ever consider going back to the midwest winter wonderland, no way, no how, and I am certain many others are willing to earn less just to enjoy the better weather in SD, so price comparisons are consequently meaningless. Case in point, I just drove down to bay park today to pick up some fresh sword fish with my convertible top down, you simply can’t put a price on that!

In addition, job opportunities for me and the pay is vastly better out here than in the winter wonderland.
thus, for someone such as myself, in addition to the vastly superior weather, I can live better in SD than chicago and have much better career ops, there is simply no way I’d live in Lincoln park or whatever snooty hood you consider upscale in Chicago.

lastly, long term, if you really want to compare cities, I think San diego is similar to the bay area because both have a highly desirable location and a superior high tech industry with electronics and biotech leading the way. Chicago has alot going for it, but nothing in the way of desirable location or technology base, it’s essentially a rust belt city. At some point in the future, san diego home prices will reflect bay area prices.

[larrylujack]

fprez,
hahha, comparing chicago to san diego is like comparing apples to donuts. Basing an expectation of a housing price correction based upon prices in Chicago is therefore absurd.

I am from chicago and would never ever consider going back to the midwest winter wonderland, no way, no how, and I am certain many others are willing to earn less just to enjoy the better weather in SD, so price comparisons are consequently meaningless. Case in point, I just drove down to bay park today to pick up some fresh sword fish with my convertible top down, you simply can’t put a price on that!

In addition, job opportunities for me and the pay is vastly better out here than in the winter wonderland.
thus, for someone such as myself, in addition to the vastly superior weather, I can live better in SD than chicago and have much better career ops, there is simply no way I’d live in Lincoln park or whatever snooty hood you consider upscale in Chicago.

lastly, long term, if you really want to compare cities, I think San diego is similar to the bay area because both have a highly desirable location and a superior high tech industry with electronics and biotech leading the way. Chicago has alot going for it, but nothing in the way of desirable location or technology base, it’s essentially a rust belt city. At some point in the future, san diego home prices will reflect bay area prices.

[larrylujack]

fprez,
hahha, comparing chicago to san diego is like comparing apples to donuts. Basing an expectation of a housing price correction based upon prices in Chicago is therefore absurd.

I am from chicago and would never ever consider going back to the midwest winter wonderland, no way, no how, and I am certain many others are willing to earn less just to enjoy the better weather in SD, so price comparisons are consequently meaningless. Case in point, I just drove down to bay park today to pick up some fresh sword fish with my convertible top down, you simply can’t put a price on that!

In addition, job opportunities for me and the pay is vastly better out here than in the winter wonderland.
thus, for someone such as myself, in addition to the vastly superior weather, I can live better in SD than chicago and have much better career ops, there is simply no way I’d live in Lincoln park or whatever snooty hood you consider upscale in Chicago.

lastly, long term, if you really want to compare cities, I think San diego is similar to the bay area because both have a highly desirable location and a superior high tech industry with electronics and biotech leading the way. Chicago has alot going for it, but nothing in the way of desirable location or technology base, it’s essentially a rust belt city. At some point in the future, san diego home prices will reflect bay area prices.

[larrylujack]

fprez,
hahha, comparing chicago to san diego is like comparing apples to donuts. Basing an expectation of a housing price correction based upon prices in Chicago is therefore absurd.

I am from chicago and would never ever consider going back to the midwest winter wonderland, no way, no how, and I am certain many others are willing to earn less just to enjoy the better weather in SD, so price comparisons are consequently meaningless. Case in point, I just drove down to bay park today to pick up some fresh sword fish with my convertible top down, you simply can’t put a price on that!

In addition, job opportunities for me and the pay is vastly better out here than in the winter wonderland.
thus, for someone such as myself, in addition to the vastly superior weather, I can live better in SD than chicago and have much better career ops, there is simply no way I’d live in Lincoln park or whatever snooty hood you consider upscale in Chicago.

lastly, long term, if you really want to compare cities, I think San diego is similar to the bay area because both have a highly desirable location and a superior high tech industry with electronics and biotech leading the way. Chicago has alot going for it, but nothing in the way of desirable location or technology base, it’s essentially a rust belt city. At some point in the future, san diego home prices will reflect bay area prices.

[Anonymous]

125, what is really farfetched is to imagine that those smallish houses in non-coastal neighborhoods you are looking at ever sold for 600K+ in the first place. Now the correction is going be really nasty in those areas.

Look at what those houses sold for around 1999/2000 and then you will see closer to real value (based on income). Now that credit is shut off, and people actually have to show proof on income, it’s a whole new ballgame.

Bottom line, if you buy now, you’ll be kicking yourself later.

[Anonymous]

125, what is really farfetched is to imagine that those smallish houses in non-coastal neighborhoods you are looking at ever sold for 600K+ in the first place. Now the correction is going be really nasty in those areas.

Look at what those houses sold for around 1999/2000 and then you will see closer to real value (based on income). Now that credit is shut off, and people actually have to show proof on income, it’s a whole new ballgame.

Bottom line, if you buy now, you’ll be kicking yourself later.

[Anonymous]

125, what is really farfetched is to imagine that those smallish houses in non-coastal neighborhoods you are looking at ever sold for 600K+ in the first place. Now the correction is going be really nasty in those areas.

Look at what those houses sold for around 1999/2000 and then you will see closer to real value (based on income). Now that credit is shut off, and people actually have to show proof on income, it’s a whole new ballgame.

Bottom line, if you buy now, you’ll be kicking yourself later.

[Anonymous]

125, what is really farfetched is to imagine that those smallish houses in non-coastal neighborhoods you are looking at ever sold for 600K+ in the first place. Now the correction is going be really nasty in those areas.

Look at what those houses sold for around 1999/2000 and then you will see closer to real value (based on income). Now that credit is shut off, and people actually have to show proof on income, it’s a whole new ballgame.

Bottom line, if you buy now, you’ll be kicking yourself later.

[Author]

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