North County Coastal Market-Why so sticky?

[all]

[quote=CONCHO] Or even worse, what if his landlord was a deadbeat and didn’t pay the mortgage on the property? The sheriff could show up and he’d have to move on short notice. [/quote]

You get 3 months or until the end of the current lease, whichever is greater.

[blahblahblah]

You get 3 months or until the end of the current lease, whichever is greater.

That’s great actually, I didn’t know that. Did you see the videos in Vegas where the sheriff shows up and then tenants have to move that day? I guess the laws in CA are better for tenants. Still it sucks to have to move, it sucks to have to find a rent house, even with 3 months notice. The guy can afford a $500K house on his $250K income, no problem. So what if he bought a house. Hell he deserves a medal as far as I’m concerned, because most people with that kind of income would have tried to buy (and probably succeeded) a $1M McMansion.

[blahblahblah]

You get 3 months or until the end of the current lease, whichever is greater.

That’s great actually, I didn’t know that. Did you see the videos in Vegas where the sheriff shows up and then tenants have to move that day? I guess the laws in CA are better for tenants. Still it sucks to have to move, it sucks to have to find a rent house, even with 3 months notice. The guy can afford a $500K house on his $250K income, no problem. So what if he bought a house. Hell he deserves a medal as far as I’m concerned, because most people with that kind of income would have tried to buy (and probably succeeded) a $1M McMansion.

[blahblahblah]

You get 3 months or until the end of the current lease, whichever is greater.

That’s great actually, I didn’t know that. Did you see the videos in Vegas where the sheriff shows up and then tenants have to move that day? I guess the laws in CA are better for tenants. Still it sucks to have to move, it sucks to have to find a rent house, even with 3 months notice. The guy can afford a $500K house on his $250K income, no problem. So what if he bought a house. Hell he deserves a medal as far as I’m concerned, because most people with that kind of income would have tried to buy (and probably succeeded) a $1M McMansion.

[blahblahblah]

You get 3 months or until the end of the current lease, whichever is greater.

That’s great actually, I didn’t know that. Did you see the videos in Vegas where the sheriff shows up and then tenants have to move that day? I guess the laws in CA are better for tenants. Still it sucks to have to move, it sucks to have to find a rent house, even with 3 months notice. The guy can afford a $500K house on his $250K income, no problem. So what if he bought a house. Hell he deserves a medal as far as I’m concerned, because most people with that kind of income would have tried to buy (and probably succeeded) a $1M McMansion.

[blahblahblah]

You get 3 months or until the end of the current lease, whichever is greater.

That’s great actually, I didn’t know that. Did you see the videos in Vegas where the sheriff shows up and then tenants have to move that day? I guess the laws in CA are better for tenants. Still it sucks to have to move, it sucks to have to find a rent house, even with 3 months notice. The guy can afford a $500K house on his $250K income, no problem. So what if he bought a house. Hell he deserves a medal as far as I’m concerned, because most people with that kind of income would have tried to buy (and probably succeeded) a $1M McMansion.

[sdduuuude]

[quote=sdrealtor] … the vast majority of your neighbors are just as responsible as you are.[/quote]

Probably so, but it takes a vast minority of households to go bad to affect the market. The market is priced on the margin, which means all house values fluctuate based on only those that sell.

I can’t argue that this market is currently stable, but I can’t see round 2 missing this market. A nasty stock market year could really hurt the high end, though it would take time to manifest itself.

[sdduuuude]

[quote=sdrealtor] … the vast majority of your neighbors are just as responsible as you are.[/quote]

Probably so, but it takes a vast minority of households to go bad to affect the market. The market is priced on the margin, which means all house values fluctuate based on only those that sell.

I can’t argue that this market is currently stable, but I can’t see round 2 missing this market. A nasty stock market year could really hurt the high end, though it would take time to manifest itself.

[sdduuuude]

[quote=sdrealtor] … the vast majority of your neighbors are just as responsible as you are.[/quote]

Probably so, but it takes a vast minority of households to go bad to affect the market. The market is priced on the margin, which means all house values fluctuate based on only those that sell.

I can’t argue that this market is currently stable, but I can’t see round 2 missing this market. A nasty stock market year could really hurt the high end, though it would take time to manifest itself.

[sdduuuude]

[quote=sdrealtor] … the vast majority of your neighbors are just as responsible as you are.[/quote]

Probably so, but it takes a vast minority of households to go bad to affect the market. The market is priced on the margin, which means all house values fluctuate based on only those that sell.

I can’t argue that this market is currently stable, but I can’t see round 2 missing this market. A nasty stock market year could really hurt the high end, though it would take time to manifest itself.

[sdduuuude]

[quote=sdrealtor] … the vast majority of your neighbors are just as responsible as you are.[/quote]

Probably so, but it takes a vast minority of households to go bad to affect the market. The market is priced on the margin, which means all house values fluctuate based on only those that sell.

I can’t argue that this market is currently stable, but I can’t see round 2 missing this market. A nasty stock market year could really hurt the high end, though it would take time to manifest itself.

[an]

[quote=JohnAlt91941]Since a realtor wrote it, and most realtors wouldn’t admit a bubble until it bit them, I took that to mean at least near the peak. 500k was entry level around that time.

Buying a home happens for most people once or twice. A lot more due dilegence is expected than from someone who regularly invests in a 401k. Timing the stock market is a fool’s game, but you’d think someone would notice the ridiculous appreciation during the most recent housing bubble. Maybe this guy pulling in 250k thought everyone else was too.[/quote]
That’s the thing. We don’t know enough information to make any judgment. So, to call something stupid for doing something you wouldn’t, although you don’t have all the information is well…

[an]

[quote=JohnAlt91941]Since a realtor wrote it, and most realtors wouldn’t admit a bubble until it bit them, I took that to mean at least near the peak. 500k was entry level around that time.

Buying a home happens for most people once or twice. A lot more due dilegence is expected than from someone who regularly invests in a 401k. Timing the stock market is a fool’s game, but you’d think someone would notice the ridiculous appreciation during the most recent housing bubble. Maybe this guy pulling in 250k thought everyone else was too.[/quote]
That’s the thing. We don’t know enough information to make any judgment. So, to call something stupid for doing something you wouldn’t, although you don’t have all the information is well…

[an]

[quote=JohnAlt91941]Since a realtor wrote it, and most realtors wouldn’t admit a bubble until it bit them, I took that to mean at least near the peak. 500k was entry level around that time.

Buying a home happens for most people once or twice. A lot more due dilegence is expected than from someone who regularly invests in a 401k. Timing the stock market is a fool’s game, but you’d think someone would notice the ridiculous appreciation during the most recent housing bubble. Maybe this guy pulling in 250k thought everyone else was too.[/quote]
That’s the thing. We don’t know enough information to make any judgment. So, to call something stupid for doing something you wouldn’t, although you don’t have all the information is well…

[an]

[quote=JohnAlt91941]Since a realtor wrote it, and most realtors wouldn’t admit a bubble until it bit them, I took that to mean at least near the peak. 500k was entry level around that time.

Buying a home happens for most people once or twice. A lot more due dilegence is expected than from someone who regularly invests in a 401k. Timing the stock market is a fool’s game, but you’d think someone would notice the ridiculous appreciation during the most recent housing bubble. Maybe this guy pulling in 250k thought everyone else was too.[/quote]
That’s the thing. We don’t know enough information to make any judgment. So, to call something stupid for doing something you wouldn’t, although you don’t have all the information is well…

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