Just curious

[tc]

I’m waiting for final bank approval on a short sale.

[LAAFTERHOURS]

Bought a short sale in December. Wasnt the right house per say (wanted a different lot within the same neighborhood) but getting the biggest model and lowest ppsq ft at about a 40% haircut was enough for me to buy in. Locked in sub 5 % rate and house is plenty big to grow my family in for the next 15 years. Also can probably rent it cash flow positive.

I think everyone is different. Each prospective buyer has their own requirements. If you can meet most of them and not dig yourself a hole, jump in.

[LAAFTERHOURS]

Bought a short sale in December. Wasnt the right house per say (wanted a different lot within the same neighborhood) but getting the biggest model and lowest ppsq ft at about a 40% haircut was enough for me to buy in. Locked in sub 5 % rate and house is plenty big to grow my family in for the next 15 years. Also can probably rent it cash flow positive.

I think everyone is different. Each prospective buyer has their own requirements. If you can meet most of them and not dig yourself a hole, jump in.

[LAAFTERHOURS]

Bought a short sale in December. Wasnt the right house per say (wanted a different lot within the same neighborhood) but getting the biggest model and lowest ppsq ft at about a 40% haircut was enough for me to buy in. Locked in sub 5 % rate and house is plenty big to grow my family in for the next 15 years. Also can probably rent it cash flow positive.

I think everyone is different. Each prospective buyer has their own requirements. If you can meet most of them and not dig yourself a hole, jump in.

[LAAFTERHOURS]

Bought a short sale in December. Wasnt the right house per say (wanted a different lot within the same neighborhood) but getting the biggest model and lowest ppsq ft at about a 40% haircut was enough for me to buy in. Locked in sub 5 % rate and house is plenty big to grow my family in for the next 15 years. Also can probably rent it cash flow positive.

I think everyone is different. Each prospective buyer has their own requirements. If you can meet most of them and not dig yourself a hole, jump in.

[LAAFTERHOURS]

Bought a short sale in December. Wasnt the right house per say (wanted a different lot within the same neighborhood) but getting the biggest model and lowest ppsq ft at about a 40% haircut was enough for me to buy in. Locked in sub 5 % rate and house is plenty big to grow my family in for the next 15 years. Also can probably rent it cash flow positive.

I think everyone is different. Each prospective buyer has their own requirements. If you can meet most of them and not dig yourself a hole, jump in.

[briansd1]

[quote=danielwis]Not me. I don’t like the macro economic outlook for our country, and especially for California. At best, we struggle for many years with minimal GDP growth, and worst, the music stops and the fall resumes. I’ve been known to be wrong on more than one occasion, however, so take that with a grain of salt.[/quote]

[quote=Downtowner]I’m still waiting since I am only looking downtown and there still a lot of big empty buildings down here.[/quote]

Same as the posters above.

And I don’t love anything. Love is a strong word. I don’t walk into a house and say that I’m in love with it.

A house doesn’t bring up any special feelings to me. Neither does a car or any other object. They maybe nice to have… but I don’t need them that bad to “complete” me.

[briansd1]

[quote=danielwis]Not me. I don’t like the macro economic outlook for our country, and especially for California. At best, we struggle for many years with minimal GDP growth, and worst, the music stops and the fall resumes. I’ve been known to be wrong on more than one occasion, however, so take that with a grain of salt.[/quote]

[quote=Downtowner]I’m still waiting since I am only looking downtown and there still a lot of big empty buildings down here.[/quote]

Same as the posters above.

And I don’t love anything. Love is a strong word. I don’t walk into a house and say that I’m in love with it.

A house doesn’t bring up any special feelings to me. Neither does a car or any other object. They maybe nice to have… but I don’t need them that bad to “complete” me.

[briansd1]

[quote=danielwis]Not me. I don’t like the macro economic outlook for our country, and especially for California. At best, we struggle for many years with minimal GDP growth, and worst, the music stops and the fall resumes. I’ve been known to be wrong on more than one occasion, however, so take that with a grain of salt.[/quote]

[quote=Downtowner]I’m still waiting since I am only looking downtown and there still a lot of big empty buildings down here.[/quote]

Same as the posters above.

And I don’t love anything. Love is a strong word. I don’t walk into a house and say that I’m in love with it.

A house doesn’t bring up any special feelings to me. Neither does a car or any other object. They maybe nice to have… but I don’t need them that bad to “complete” me.

[briansd1]

[quote=danielwis]Not me. I don’t like the macro economic outlook for our country, and especially for California. At best, we struggle for many years with minimal GDP growth, and worst, the music stops and the fall resumes. I’ve been known to be wrong on more than one occasion, however, so take that with a grain of salt.[/quote]

[quote=Downtowner]I’m still waiting since I am only looking downtown and there still a lot of big empty buildings down here.[/quote]

Same as the posters above.

And I don’t love anything. Love is a strong word. I don’t walk into a house and say that I’m in love with it.

A house doesn’t bring up any special feelings to me. Neither does a car or any other object. They maybe nice to have… but I don’t need them that bad to “complete” me.

[briansd1]

[quote=danielwis]Not me. I don’t like the macro economic outlook for our country, and especially for California. At best, we struggle for many years with minimal GDP growth, and worst, the music stops and the fall resumes. I’ve been known to be wrong on more than one occasion, however, so take that with a grain of salt.[/quote]

[quote=Downtowner]I’m still waiting since I am only looking downtown and there still a lot of big empty buildings down here.[/quote]

Same as the posters above.

And I don’t love anything. Love is a strong word. I don’t walk into a house and say that I’m in love with it.

A house doesn’t bring up any special feelings to me. Neither does a car or any other object. They maybe nice to have… but I don’t need them that bad to “complete” me.

[AK]

In escrow now after making any number of offers in the last 11 months. In many cases I was UNDERbid, i.e. property closed for less than I offered. Lots of really questionable REO deals these days, and that’s not just my opinion.

I think a lot of the difference in opinion on this site can be attributed to our preferred markets and price points … I agree the coastal high end is likely to go down in the near future, but my budget was a bit more proletarian.

[AK]

In escrow now after making any number of offers in the last 11 months. In many cases I was UNDERbid, i.e. property closed for less than I offered. Lots of really questionable REO deals these days, and that’s not just my opinion.

I think a lot of the difference in opinion on this site can be attributed to our preferred markets and price points … I agree the coastal high end is likely to go down in the near future, but my budget was a bit more proletarian.

[AK]

In escrow now after making any number of offers in the last 11 months. In many cases I was UNDERbid, i.e. property closed for less than I offered. Lots of really questionable REO deals these days, and that’s not just my opinion.

I think a lot of the difference in opinion on this site can be attributed to our preferred markets and price points … I agree the coastal high end is likely to go down in the near future, but my budget was a bit more proletarian.

[AK]

In escrow now after making any number of offers in the last 11 months. In many cases I was UNDERbid, i.e. property closed for less than I offered. Lots of really questionable REO deals these days, and that’s not just my opinion.

I think a lot of the difference in opinion on this site can be attributed to our preferred markets and price points … I agree the coastal high end is likely to go down in the near future, but my budget was a bit more proletarian.

[Author]

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