Long time Pigg viewer is trying to run the numbers.

[Stu949]

No Fletch, no problems at all.

TG: yeah, I see your point. Thanks for the feedback.

Thanks all for the comments.

It was tough convincing the wife at first, but she now agrees that we made the right choice by waiting. I think I can keep her at bay for a little longer.

If things seem to remain constant for the next 6 to 9 months, we will probably buy next year. Like you all said, mid 2009 could be so bad that even my wife will say, “whoa, this did get worse.” I’m convinced it will, so like someone said, time is only our side. There is probably nothing we will miss by at least waiting another year.

Thanks again for the comments; and no sweat Fletch.

[MicroGravity]

My two cents: the risk to the downside on the economy far outweighs the upside risk. I am in the Pasadena area and sold my home in 2005 (for reasons other than speculation), but decided not to re-buy since I believed prices were way out of line.
We’ve been renting ever since and glad of it. I’ve been in federal civil service jobs and private, right now I work for a FFRDC (as close as you get to civil service, w/o being it) as a senior person who brings in more money than I cost–and I am concerned about my job).
I’ve been very gloomy on the economy and every negative prediction I believed has come true or been proven optimistic. We are at the beginning of a crap-storm that will last, at least, through ’09. Stick it out. Unless you get a major deal, stick it out, prices are not going up anytime soon.
Give it until the spring, at least. Good luck.

[MicroGravity]

My two cents: the risk to the downside on the economy far outweighs the upside risk. I am in the Pasadena area and sold my home in 2005 (for reasons other than speculation), but decided not to re-buy since I believed prices were way out of line.
We’ve been renting ever since and glad of it. I’ve been in federal civil service jobs and private, right now I work for a FFRDC (as close as you get to civil service, w/o being it) as a senior person who brings in more money than I cost–and I am concerned about my job).
I’ve been very gloomy on the economy and every negative prediction I believed has come true or been proven optimistic. We are at the beginning of a crap-storm that will last, at least, through ’09. Stick it out. Unless you get a major deal, stick it out, prices are not going up anytime soon.
Give it until the spring, at least. Good luck.

[MicroGravity]

My two cents: the risk to the downside on the economy far outweighs the upside risk. I am in the Pasadena area and sold my home in 2005 (for reasons other than speculation), but decided not to re-buy since I believed prices were way out of line.
We’ve been renting ever since and glad of it. I’ve been in federal civil service jobs and private, right now I work for a FFRDC (as close as you get to civil service, w/o being it) as a senior person who brings in more money than I cost–and I am concerned about my job).
I’ve been very gloomy on the economy and every negative prediction I believed has come true or been proven optimistic. We are at the beginning of a crap-storm that will last, at least, through ’09. Stick it out. Unless you get a major deal, stick it out, prices are not going up anytime soon.
Give it until the spring, at least. Good luck.

[MicroGravity]

My two cents: the risk to the downside on the economy far outweighs the upside risk. I am in the Pasadena area and sold my home in 2005 (for reasons other than speculation), but decided not to re-buy since I believed prices were way out of line.
We’ve been renting ever since and glad of it. I’ve been in federal civil service jobs and private, right now I work for a FFRDC (as close as you get to civil service, w/o being it) as a senior person who brings in more money than I cost–and I am concerned about my job).
I’ve been very gloomy on the economy and every negative prediction I believed has come true or been proven optimistic. We are at the beginning of a crap-storm that will last, at least, through ’09. Stick it out. Unless you get a major deal, stick it out, prices are not going up anytime soon.
Give it until the spring, at least. Good luck.

[MicroGravity]

My two cents: the risk to the downside on the economy far outweighs the upside risk. I am in the Pasadena area and sold my home in 2005 (for reasons other than speculation), but decided not to re-buy since I believed prices were way out of line.
We’ve been renting ever since and glad of it. I’ve been in federal civil service jobs and private, right now I work for a FFRDC (as close as you get to civil service, w/o being it) as a senior person who brings in more money than I cost–and I am concerned about my job).
I’ve been very gloomy on the economy and every negative prediction I believed has come true or been proven optimistic. We are at the beginning of a crap-storm that will last, at least, through ’09. Stick it out. Unless you get a major deal, stick it out, prices are not going up anytime soon.
Give it until the spring, at least. Good luck.

[SD Realtor]

Stu I would have to agree with the prevailing sentiment especially for the OC. You got to keep it regional and TG’s area has already been walloped so his downside risk is significantly reduced. As pointed out here additionally we are really going to feel the economic affects of the downturn which by and large have NOT been felt yet. While there could be widespread relief for distressed homeowners that should be cancelled out by economic stresses at the macro level at least in the OC

[SD Realtor]

Stu I would have to agree with the prevailing sentiment especially for the OC. You got to keep it regional and TG’s area has already been walloped so his downside risk is significantly reduced. As pointed out here additionally we are really going to feel the economic affects of the downturn which by and large have NOT been felt yet. While there could be widespread relief for distressed homeowners that should be cancelled out by economic stresses at the macro level at least in the OC

[SD Realtor]

Stu I would have to agree with the prevailing sentiment especially for the OC. You got to keep it regional and TG’s area has already been walloped so his downside risk is significantly reduced. As pointed out here additionally we are really going to feel the economic affects of the downturn which by and large have NOT been felt yet. While there could be widespread relief for distressed homeowners that should be cancelled out by economic stresses at the macro level at least in the OC

[SD Realtor]

Stu I would have to agree with the prevailing sentiment especially for the OC. You got to keep it regional and TG’s area has already been walloped so his downside risk is significantly reduced. As pointed out here additionally we are really going to feel the economic affects of the downturn which by and large have NOT been felt yet. While there could be widespread relief for distressed homeowners that should be cancelled out by economic stresses at the macro level at least in the OC

[SD Realtor]

Stu I would have to agree with the prevailing sentiment especially for the OC. You got to keep it regional and TG’s area has already been walloped so his downside risk is significantly reduced. As pointed out here additionally we are really going to feel the economic affects of the downturn which by and large have NOT been felt yet. While there could be widespread relief for distressed homeowners that should be cancelled out by economic stresses at the macro level at least in the OC

[ocrenter]

downside risk is still quite high in OC/LA. while pre-2001 pricing are easy to find in Temecula Valley and actually starting to pop up here and there in San Diego, I do not think the time has come for the OC.

remember, OC/LA were about 1 year behind SD. and if you see how much hurt SD folks that bought in late 2007 are feeling, that’ll be you in late 2009.

they just dropped the conforming loan limit in OC/LA to $625k, that’s going to accelerate the decline especially in top tier prices.

DO NOT END UP UNDER HOUSE ARREST just to save some money on taxes.

[ocrenter]

downside risk is still quite high in OC/LA. while pre-2001 pricing are easy to find in Temecula Valley and actually starting to pop up here and there in San Diego, I do not think the time has come for the OC.

remember, OC/LA were about 1 year behind SD. and if you see how much hurt SD folks that bought in late 2007 are feeling, that’ll be you in late 2009.

they just dropped the conforming loan limit in OC/LA to $625k, that’s going to accelerate the decline especially in top tier prices.

DO NOT END UP UNDER HOUSE ARREST just to save some money on taxes.

[ocrenter]

downside risk is still quite high in OC/LA. while pre-2001 pricing are easy to find in Temecula Valley and actually starting to pop up here and there in San Diego, I do not think the time has come for the OC.

remember, OC/LA were about 1 year behind SD. and if you see how much hurt SD folks that bought in late 2007 are feeling, that’ll be you in late 2009.

they just dropped the conforming loan limit in OC/LA to $625k, that’s going to accelerate the decline especially in top tier prices.

DO NOT END UP UNDER HOUSE ARREST just to save some money on taxes.

[ocrenter]

downside risk is still quite high in OC/LA. while pre-2001 pricing are easy to find in Temecula Valley and actually starting to pop up here and there in San Diego, I do not think the time has come for the OC.

remember, OC/LA were about 1 year behind SD. and if you see how much hurt SD folks that bought in late 2007 are feeling, that’ll be you in late 2009.

they just dropped the conforming loan limit in OC/LA to $625k, that’s going to accelerate the decline especially in top tier prices.

DO NOT END UP UNDER HOUSE ARREST just to save some money on taxes.

[Author]

Posts