North County Coastal Market-Why so sticky?

[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…

[Reality]

[quote=CONCHO]
Had he rented, his landlords might have sold the house out from under him and forced him to move. Or even worse, what if his landlord was a deadbeat and didn’t pay the mortgage on the property? [/quote]

The bubble price was quite a premium to pay to avoid the possibility of having to move. Of course he did move when he bought the place, didn’t he?

I don’t like dealing with a landlord either, but can’t agree that buying during the bubble was a smart move. 500k would get him so much more today.

The folks I know that paid bubble prices or took out HELOC’s from bubble appraisals thought the party would never end. I thought they were nuts.
[/quote]

[Reality]

[quote=CONCHO]
Had he rented, his landlords might have sold the house out from under him and forced him to move. Or even worse, what if his landlord was a deadbeat and didn’t pay the mortgage on the property? [/quote]

The bubble price was quite a premium to pay to avoid the possibility of having to move. Of course he did move when he bought the place, didn’t he?

I don’t like dealing with a landlord either, but can’t agree that buying during the bubble was a smart move. 500k would get him so much more today.

The folks I know that paid bubble prices or took out HELOC’s from bubble appraisals thought the party would never end. I thought they were nuts.
[/quote]

[Reality]

[quote=CONCHO]
Had he rented, his landlords might have sold the house out from under him and forced him to move. Or even worse, what if his landlord was a deadbeat and didn’t pay the mortgage on the property? [/quote]

The bubble price was quite a premium to pay to avoid the possibility of having to move. Of course he did move when he bought the place, didn’t he?

I don’t like dealing with a landlord either, but can’t agree that buying during the bubble was a smart move. 500k would get him so much more today.

The folks I know that paid bubble prices or took out HELOC’s from bubble appraisals thought the party would never end. I thought they were nuts.
[/quote]

[Reality]

[quote=CONCHO]
Had he rented, his landlords might have sold the house out from under him and forced him to move. Or even worse, what if his landlord was a deadbeat and didn’t pay the mortgage on the property? [/quote]

The bubble price was quite a premium to pay to avoid the possibility of having to move. Of course he did move when he bought the place, didn’t he?

I don’t like dealing with a landlord either, but can’t agree that buying during the bubble was a smart move. 500k would get him so much more today.

The folks I know that paid bubble prices or took out HELOC’s from bubble appraisals thought the party would never end. I thought they were nuts.
[/quote]

[Reality]

[quote=CONCHO]
Had he rented, his landlords might have sold the house out from under him and forced him to move. Or even worse, what if his landlord was a deadbeat and didn’t pay the mortgage on the property? [/quote]

The bubble price was quite a premium to pay to avoid the possibility of having to move. Of course he did move when he bought the place, didn’t he?

I don’t like dealing with a landlord either, but can’t agree that buying during the bubble was a smart move. 500k would get him so much more today.

The folks I know that paid bubble prices or took out HELOC’s from bubble appraisals thought the party would never end. I thought they were nuts.
[/quote]

[Reality]

[quote=AN]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…[/quote]

I think throwing away a big chunk of money is a stupid move, but I’m funny that way.

[Reality]

[quote=AN]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…[/quote]

I think throwing away a big chunk of money is a stupid move, but I’m funny that way.

[Reality]

[quote=AN]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…[/quote]

I think throwing away a big chunk of money is a stupid move, but I’m funny that way.

[Reality]

[quote=AN]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…[/quote]

I think throwing away a big chunk of money is a stupid move, but I’m funny that way.

[Reality]

[quote=AN]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…[/quote]

I think throwing away a big chunk of money is a stupid move, but I’m funny that way.

[Reality]

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