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sd_bear.
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May 21, 2008 at 12:44 AM #209048May 21, 2008 at 2:49 AM #208923
CA renter
ParticipantWe rent a nice 4 bedroom SFH — with a private backyard — in North County, about 10 minutes from the beach. It’s not everything we want, but we make due because rent is significantly cheaper than buying the same house, even with 20-30% down.
Our landlord has spent about $15,000 on repairs & maintenance in the past 4 years (big mold problem before we moved in took up most of that). We’ve spent about $5,000 with the agreement that there will be no rent increases until mid-2009, at the earliest. We got a new shower, and even got to choose the tiles, shower door, grout color, etc. 🙂
We aren’t trying to profit from someone else’s misery, but we certainly won’t enslave ourselves to debt for 30 years just to give someone else a profit on a over-priced house.
I think a lot of posters aren’t bottom-feeders, as much as they are realists. It’s entirely possible we won’t have pensions or SS or healthcare available to us as current and preceding generations do, thus forcing us to save even more. There is no guarantee that housing prices will rise in perpetuity. What if the multi-decade expansionary credit cycle changes direction?
May 21, 2008 at 2:49 AM #208981ParticipantWe rent a nice 4 bedroom SFH — with a private backyard — in North County, about 10 minutes from the beach. It’s not everything we want, but we make due because rent is significantly cheaper than buying the same house, even with 20-30% down.
Our landlord has spent about $15,000 on repairs & maintenance in the past 4 years (big mold problem before we moved in took up most of that). We’ve spent about $5,000 with the agreement that there will be no rent increases until mid-2009, at the earliest. We got a new shower, and even got to choose the tiles, shower door, grout color, etc. 🙂
We aren’t trying to profit from someone else’s misery, but we certainly won’t enslave ourselves to debt for 30 years just to give someone else a profit on a over-priced house.
I think a lot of posters aren’t bottom-feeders, as much as they are realists. It’s entirely possible we won’t have pensions or SS or healthcare available to us as current and preceding generations do, thus forcing us to save even more. There is no guarantee that housing prices will rise in perpetuity. What if the multi-decade expansionary credit cycle changes direction?
May 21, 2008 at 2:49 AM #209010ParticipantWe rent a nice 4 bedroom SFH — with a private backyard — in North County, about 10 minutes from the beach. It’s not everything we want, but we make due because rent is significantly cheaper than buying the same house, even with 20-30% down.
Our landlord has spent about $15,000 on repairs & maintenance in the past 4 years (big mold problem before we moved in took up most of that). We’ve spent about $5,000 with the agreement that there will be no rent increases until mid-2009, at the earliest. We got a new shower, and even got to choose the tiles, shower door, grout color, etc. 🙂
We aren’t trying to profit from someone else’s misery, but we certainly won’t enslave ourselves to debt for 30 years just to give someone else a profit on a over-priced house.
I think a lot of posters aren’t bottom-feeders, as much as they are realists. It’s entirely possible we won’t have pensions or SS or healthcare available to us as current and preceding generations do, thus forcing us to save even more. There is no guarantee that housing prices will rise in perpetuity. What if the multi-decade expansionary credit cycle changes direction?
May 21, 2008 at 2:49 AM #209034ParticipantWe rent a nice 4 bedroom SFH — with a private backyard — in North County, about 10 minutes from the beach. It’s not everything we want, but we make due because rent is significantly cheaper than buying the same house, even with 20-30% down.
Our landlord has spent about $15,000 on repairs & maintenance in the past 4 years (big mold problem before we moved in took up most of that). We’ve spent about $5,000 with the agreement that there will be no rent increases until mid-2009, at the earliest. We got a new shower, and even got to choose the tiles, shower door, grout color, etc. 🙂
We aren’t trying to profit from someone else’s misery, but we certainly won’t enslave ourselves to debt for 30 years just to give someone else a profit on a over-priced house.
I think a lot of posters aren’t bottom-feeders, as much as they are realists. It’s entirely possible we won’t have pensions or SS or healthcare available to us as current and preceding generations do, thus forcing us to save even more. There is no guarantee that housing prices will rise in perpetuity. What if the multi-decade expansionary credit cycle changes direction?
May 21, 2008 at 2:49 AM #209069ParticipantWe rent a nice 4 bedroom SFH — with a private backyard — in North County, about 10 minutes from the beach. It’s not everything we want, but we make due because rent is significantly cheaper than buying the same house, even with 20-30% down.
Our landlord has spent about $15,000 on repairs & maintenance in the past 4 years (big mold problem before we moved in took up most of that). We’ve spent about $5,000 with the agreement that there will be no rent increases until mid-2009, at the earliest. We got a new shower, and even got to choose the tiles, shower door, grout color, etc. 🙂
We aren’t trying to profit from someone else’s misery, but we certainly won’t enslave ourselves to debt for 30 years just to give someone else a profit on a over-priced house.
I think a lot of posters aren’t bottom-feeders, as much as they are realists. It’s entirely possible we won’t have pensions or SS or healthcare available to us as current and preceding generations do, thus forcing us to save even more. There is no guarantee that housing prices will rise in perpetuity. What if the multi-decade expansionary credit cycle changes direction?
May 21, 2008 at 3:19 AM #208933schizo2buyORnot
ParticipantSD Realtor,
We both obviously concur that the inventory numbers “bear watching” for those who have an interest in buying at some point in the future.
I also agree that this subtle shift in one of many important factors does not portend a bottom . . . just that it is a current hard fact that should be given its appropriate weight when sifting all of the “tea leaves” that must be read if one is to be able to divine the future of an equity market. When a bottom to the SD RE market occurs at some point in the future it will first be preceded by steadily shrinking inventory. This yoy 0.8% drop in inventory certainly does not equate to “steadily shrinking” but it does mean that inventories are no longer expanding as they have for the last 12-18 months.
Again . . . I gain great insight from bringing facts such as the inventory numbers and throwing it out to the Pigs for feedback and reasoned analysis. I have also learned that along with the reasoned analysis such as yours one has to put up with much hot air spewed by others. As they say . . . sometimes “you have to wade through a lot of $hit to get to the pony.”
In search of a crystal ball . . . .
May 21, 2008 at 3:19 AM #208990ParticipantSD Realtor,
We both obviously concur that the inventory numbers “bear watching” for those who have an interest in buying at some point in the future.
I also agree that this subtle shift in one of many important factors does not portend a bottom . . . just that it is a current hard fact that should be given its appropriate weight when sifting all of the “tea leaves” that must be read if one is to be able to divine the future of an equity market. When a bottom to the SD RE market occurs at some point in the future it will first be preceded by steadily shrinking inventory. This yoy 0.8% drop in inventory certainly does not equate to “steadily shrinking” but it does mean that inventories are no longer expanding as they have for the last 12-18 months.
Again . . . I gain great insight from bringing facts such as the inventory numbers and throwing it out to the Pigs for feedback and reasoned analysis. I have also learned that along with the reasoned analysis such as yours one has to put up with much hot air spewed by others. As they say . . . sometimes “you have to wade through a lot of $hit to get to the pony.”
In search of a crystal ball . . . .
May 21, 2008 at 3:19 AM #209020ParticipantSD Realtor,
We both obviously concur that the inventory numbers “bear watching” for those who have an interest in buying at some point in the future.
I also agree that this subtle shift in one of many important factors does not portend a bottom . . . just that it is a current hard fact that should be given its appropriate weight when sifting all of the “tea leaves” that must be read if one is to be able to divine the future of an equity market. When a bottom to the SD RE market occurs at some point in the future it will first be preceded by steadily shrinking inventory. This yoy 0.8% drop in inventory certainly does not equate to “steadily shrinking” but it does mean that inventories are no longer expanding as they have for the last 12-18 months.
Again . . . I gain great insight from bringing facts such as the inventory numbers and throwing it out to the Pigs for feedback and reasoned analysis. I have also learned that along with the reasoned analysis such as yours one has to put up with much hot air spewed by others. As they say . . . sometimes “you have to wade through a lot of $hit to get to the pony.”
In search of a crystal ball . . . .
May 21, 2008 at 3:19 AM #209045ParticipantSD Realtor,
We both obviously concur that the inventory numbers “bear watching” for those who have an interest in buying at some point in the future.
I also agree that this subtle shift in one of many important factors does not portend a bottom . . . just that it is a current hard fact that should be given its appropriate weight when sifting all of the “tea leaves” that must be read if one is to be able to divine the future of an equity market. When a bottom to the SD RE market occurs at some point in the future it will first be preceded by steadily shrinking inventory. This yoy 0.8% drop in inventory certainly does not equate to “steadily shrinking” but it does mean that inventories are no longer expanding as they have for the last 12-18 months.
Again . . . I gain great insight from bringing facts such as the inventory numbers and throwing it out to the Pigs for feedback and reasoned analysis. I have also learned that along with the reasoned analysis such as yours one has to put up with much hot air spewed by others. As they say . . . sometimes “you have to wade through a lot of $hit to get to the pony.”
In search of a crystal ball . . . .
May 21, 2008 at 3:19 AM #209080ParticipantSD Realtor,
We both obviously concur that the inventory numbers “bear watching” for those who have an interest in buying at some point in the future.
I also agree that this subtle shift in one of many important factors does not portend a bottom . . . just that it is a current hard fact that should be given its appropriate weight when sifting all of the “tea leaves” that must be read if one is to be able to divine the future of an equity market. When a bottom to the SD RE market occurs at some point in the future it will first be preceded by steadily shrinking inventory. This yoy 0.8% drop in inventory certainly does not equate to “steadily shrinking” but it does mean that inventories are no longer expanding as they have for the last 12-18 months.
Again . . . I gain great insight from bringing facts such as the inventory numbers and throwing it out to the Pigs for feedback and reasoned analysis. I have also learned that along with the reasoned analysis such as yours one has to put up with much hot air spewed by others. As they say . . . sometimes “you have to wade through a lot of $hit to get to the pony.”
In search of a crystal ball . . . .
May 21, 2008 at 8:56 AM #208998SD Realtor
ParticipantCA Renter, I entirely agree with your post, especially the part about not having the safety nets for retirement that previous generations have had. Again, each rental experience differs for each person.
Schizo everyone reads posts with thier own built in biases right? I viewed your post here as yet another presentation of data with a supporting argument.
This will be an interesting summer!
SD Realtor
May 21, 2008 at 8:56 AM #209057ParticipantCA Renter, I entirely agree with your post, especially the part about not having the safety nets for retirement that previous generations have had. Again, each rental experience differs for each person.
Schizo everyone reads posts with thier own built in biases right? I viewed your post here as yet another presentation of data with a supporting argument.
This will be an interesting summer!
SD Realtor
May 21, 2008 at 8:56 AM #209089ParticipantCA Renter, I entirely agree with your post, especially the part about not having the safety nets for retirement that previous generations have had. Again, each rental experience differs for each person.
Schizo everyone reads posts with thier own built in biases right? I viewed your post here as yet another presentation of data with a supporting argument.
This will be an interesting summer!
SD Realtor
May 21, 2008 at 8:56 AM #209109ParticipantCA Renter, I entirely agree with your post, especially the part about not having the safety nets for retirement that previous generations have had. Again, each rental experience differs for each person.
Schizo everyone reads posts with thier own built in biases right? I viewed your post here as yet another presentation of data with a supporting argument.
This will be an interesting summer!
SD Realtor
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