Opinion requested on 92104 South Park Area – please

[jpinpb]

Thanks for the feedback, CONCHO. I think you probably can build b/c the other house that is in escrow on that street recently expanded. That is a possibility, just lacking the funds to do that any time soon.

The area is very quiet, which is nice. And the reason why, of course, is no freeways nearby. For sure you will be driving on a lot of surface streets to get around.

I don’t know what to do. I keep going back and forth on this. And I think if I really wanted it, I would go for it. But I’m so sick of waiting and it seems this price range is what everybody wants.

What was the size of house and lot that you purchased?

[blahblahblah]

If you can swing it move to the next price level and you’ll get a lot more for your money. The prices get scary but we’ll be probably be carting wheelbarrows of money to the grocery store within 10 years anyway. They can’t keep printing this funny money forever without it leaking into the economy, and if you expect high inflation then the best thing to do is to borrow as much money as possible and buy real assets with it before it hits. Be prepared for some deflation in the meantime though. I still think prices will go lower over the next 2-5 years but after that look out, we are gonna be driving $100K Daewoos and drinking $5 cans of Schlitz. The guy with a $500K home loan is gonna be the envy of everybody in the neighborhood.

This is not investment advice! Trust me, I’m the guy that lost money investing in gold from 2005-2009.

Good luck JP…

[blahblahblah]

If you can swing it move to the next price level and you’ll get a lot more for your money. The prices get scary but we’ll be probably be carting wheelbarrows of money to the grocery store within 10 years anyway. They can’t keep printing this funny money forever without it leaking into the economy, and if you expect high inflation then the best thing to do is to borrow as much money as possible and buy real assets with it before it hits. Be prepared for some deflation in the meantime though. I still think prices will go lower over the next 2-5 years but after that look out, we are gonna be driving $100K Daewoos and drinking $5 cans of Schlitz. The guy with a $500K home loan is gonna be the envy of everybody in the neighborhood.

This is not investment advice! Trust me, I’m the guy that lost money investing in gold from 2005-2009.

Good luck JP…

[blahblahblah]

If you can swing it move to the next price level and you’ll get a lot more for your money. The prices get scary but we’ll be probably be carting wheelbarrows of money to the grocery store within 10 years anyway. They can’t keep printing this funny money forever without it leaking into the economy, and if you expect high inflation then the best thing to do is to borrow as much money as possible and buy real assets with it before it hits. Be prepared for some deflation in the meantime though. I still think prices will go lower over the next 2-5 years but after that look out, we are gonna be driving $100K Daewoos and drinking $5 cans of Schlitz. The guy with a $500K home loan is gonna be the envy of everybody in the neighborhood.

This is not investment advice! Trust me, I’m the guy that lost money investing in gold from 2005-2009.

Good luck JP…

[blahblahblah]

If you can swing it move to the next price level and you’ll get a lot more for your money. The prices get scary but we’ll be probably be carting wheelbarrows of money to the grocery store within 10 years anyway. They can’t keep printing this funny money forever without it leaking into the economy, and if you expect high inflation then the best thing to do is to borrow as much money as possible and buy real assets with it before it hits. Be prepared for some deflation in the meantime though. I still think prices will go lower over the next 2-5 years but after that look out, we are gonna be driving $100K Daewoos and drinking $5 cans of Schlitz. The guy with a $500K home loan is gonna be the envy of everybody in the neighborhood.

This is not investment advice! Trust me, I’m the guy that lost money investing in gold from 2005-2009.

Good luck JP…

[blahblahblah]

If you can swing it move to the next price level and you’ll get a lot more for your money. The prices get scary but we’ll be probably be carting wheelbarrows of money to the grocery store within 10 years anyway. They can’t keep printing this funny money forever without it leaking into the economy, and if you expect high inflation then the best thing to do is to borrow as much money as possible and buy real assets with it before it hits. Be prepared for some deflation in the meantime though. I still think prices will go lower over the next 2-5 years but after that look out, we are gonna be driving $100K Daewoos and drinking $5 cans of Schlitz. The guy with a $500K home loan is gonna be the envy of everybody in the neighborhood.

This is not investment advice! Trust me, I’m the guy that lost money investing in gold from 2005-2009.

Good luck JP…

[weberlin]

Overpriced.

If it sold for $360K in 2004, you shouldn’t pay much more than that now.

I can understand your desire to live in the area. I was seriously contemplating a $350K REO on Whaley Ave. in 2008. 3/2, 1300 Sq ft, and it was canyon facing, and super isolated on quiet a cul-de-sac. But it was toe-up-from-the-floor-up. It would’ve required $30K to make liveable or $50K to bring it up to my standards.

I ended up buying a condo in Mission Valley last year.

http://piggington.com/would_you_have_pulled_the_trigger

I’m disappointed it’s not North/South Park, but it has a huge garage, and lives like a SFR. Overall, I’m happy with the purchase.

My point is that you can afford to be patient because it will be a buyer’s market for some time to come
– There is no reason to expect interest rates to be raised much, if at all, in the next year.
– Banks can’t stem the tide of foreclosures forever. http://piggington.com/the_many_faces_of_shadow_inventory

Good luck…

[weberlin]

Overpriced.

If it sold for $360K in 2004, you shouldn’t pay much more than that now.

I can understand your desire to live in the area. I was seriously contemplating a $350K REO on Whaley Ave. in 2008. 3/2, 1300 Sq ft, and it was canyon facing, and super isolated on quiet a cul-de-sac. But it was toe-up-from-the-floor-up. It would’ve required $30K to make liveable or $50K to bring it up to my standards.

I ended up buying a condo in Mission Valley last year.

http://piggington.com/would_you_have_pulled_the_trigger

I’m disappointed it’s not North/South Park, but it has a huge garage, and lives like a SFR. Overall, I’m happy with the purchase.

My point is that you can afford to be patient because it will be a buyer’s market for some time to come
– There is no reason to expect interest rates to be raised much, if at all, in the next year.
– Banks can’t stem the tide of foreclosures forever. http://piggington.com/the_many_faces_of_shadow_inventory

Good luck…

[weberlin]

Overpriced.

If it sold for $360K in 2004, you shouldn’t pay much more than that now.

I can understand your desire to live in the area. I was seriously contemplating a $350K REO on Whaley Ave. in 2008. 3/2, 1300 Sq ft, and it was canyon facing, and super isolated on quiet a cul-de-sac. But it was toe-up-from-the-floor-up. It would’ve required $30K to make liveable or $50K to bring it up to my standards.

I ended up buying a condo in Mission Valley last year.

http://piggington.com/would_you_have_pulled_the_trigger

I’m disappointed it’s not North/South Park, but it has a huge garage, and lives like a SFR. Overall, I’m happy with the purchase.

My point is that you can afford to be patient because it will be a buyer’s market for some time to come
– There is no reason to expect interest rates to be raised much, if at all, in the next year.
– Banks can’t stem the tide of foreclosures forever. http://piggington.com/the_many_faces_of_shadow_inventory

Good luck…

[weberlin]

Overpriced.

If it sold for $360K in 2004, you shouldn’t pay much more than that now.

I can understand your desire to live in the area. I was seriously contemplating a $350K REO on Whaley Ave. in 2008. 3/2, 1300 Sq ft, and it was canyon facing, and super isolated on quiet a cul-de-sac. But it was toe-up-from-the-floor-up. It would’ve required $30K to make liveable or $50K to bring it up to my standards.

I ended up buying a condo in Mission Valley last year.

http://piggington.com/would_you_have_pulled_the_trigger

I’m disappointed it’s not North/South Park, but it has a huge garage, and lives like a SFR. Overall, I’m happy with the purchase.

My point is that you can afford to be patient because it will be a buyer’s market for some time to come
– There is no reason to expect interest rates to be raised much, if at all, in the next year.
– Banks can’t stem the tide of foreclosures forever. http://piggington.com/the_many_faces_of_shadow_inventory

Good luck…

[weberlin]

Overpriced.

If it sold for $360K in 2004, you shouldn’t pay much more than that now.

I can understand your desire to live in the area. I was seriously contemplating a $350K REO on Whaley Ave. in 2008. 3/2, 1300 Sq ft, and it was canyon facing, and super isolated on quiet a cul-de-sac. But it was toe-up-from-the-floor-up. It would’ve required $30K to make liveable or $50K to bring it up to my standards.

I ended up buying a condo in Mission Valley last year.

http://piggington.com/would_you_have_pulled_the_trigger

I’m disappointed it’s not North/South Park, but it has a huge garage, and lives like a SFR. Overall, I’m happy with the purchase.

My point is that you can afford to be patient because it will be a buyer’s market for some time to come
– There is no reason to expect interest rates to be raised much, if at all, in the next year.
– Banks can’t stem the tide of foreclosures forever. http://piggington.com/the_many_faces_of_shadow_inventory

Good luck…

[jpinpb]

Thanks so much for the feedback. My hesitation has saved me a few times from purchases I would’ve regretted. I just know these canyon homes are desired and this is not a steep canyon, very gradual hill that is useable. I’m already planting my garden in my head. Gets lots of sun. Don’t come across too many lots that are useable of this size that still in the city as opposed to East County, say.

[jpinpb]

Thanks so much for the feedback. My hesitation has saved me a few times from purchases I would’ve regretted. I just know these canyon homes are desired and this is not a steep canyon, very gradual hill that is useable. I’m already planting my garden in my head. Gets lots of sun. Don’t come across too many lots that are useable of this size that still in the city as opposed to East County, say.

[jpinpb]

Thanks so much for the feedback. My hesitation has saved me a few times from purchases I would’ve regretted. I just know these canyon homes are desired and this is not a steep canyon, very gradual hill that is useable. I’m already planting my garden in my head. Gets lots of sun. Don’t come across too many lots that are useable of this size that still in the city as opposed to East County, say.

[jpinpb]

Thanks so much for the feedback. My hesitation has saved me a few times from purchases I would’ve regretted. I just know these canyon homes are desired and this is not a steep canyon, very gradual hill that is useable. I’m already planting my garden in my head. Gets lots of sun. Don’t come across too many lots that are useable of this size that still in the city as opposed to East County, say.

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