Quit whinning about bail outs

[sdrealtor]

blackbox,
One problem with the median income logic is that the median income household does not generally purchase the median priced home. They never have except for during this bubble.

This is a rough example but you should et my point. Typically (of course there are exceptions), the bottom half of households (incomewise) do not buy homes. The upper half does. So effectively it is the 75th percentile that is buying the median priced home. Furthermore, in a high cost such as SoCal most of the buyers are generally skewed toward higher incomes more than in a more affordable area. The credit bubble put median and below income households in homes they never should have been in. With lending standards restored, median incomes household will once again only dream of owning median priced homes.

I hope you dont plan on being one of them.

[San Diego Native]

Multiple. . .

Agree with some of your points. If things get as bad as they most likely will become in this country, the price of housing will be the least of anyone’s concerns. Better have everything paid off, with zero debt.

Everything in life is relative. Concerning the current elation about real estate prices dropping in San Diego. When I hear people discussing the fact that they found some dumpy house in a dumpy neighborhood for $500K, and feel they got the “deal of a lifetime,” I cringe.

At 41, I may be a little older than most on this forum, but we bought our home in a prime area of La Jolla for the very low six figures almost twenty years ago, and I can’t fathom paying anything over that for a primary residence or income property.

Again. Everything is relative.

[San Diego Native]

Multiple. . .

Agree with some of your points. If things get as bad as they most likely will become in this country, the price of housing will be the least of anyone’s concerns. Better have everything paid off, with zero debt.

Everything in life is relative. Concerning the current elation about real estate prices dropping in San Diego. When I hear people discussing the fact that they found some dumpy house in a dumpy neighborhood for $500K, and feel they got the “deal of a lifetime,” I cringe.

At 41, I may be a little older than most on this forum, but we bought our home in a prime area of La Jolla for the very low six figures almost twenty years ago, and I can’t fathom paying anything over that for a primary residence or income property.

Again. Everything is relative.

[San Diego Native]

Multiple. . .

Agree with some of your points. If things get as bad as they most likely will become in this country, the price of housing will be the least of anyone’s concerns. Better have everything paid off, with zero debt.

Everything in life is relative. Concerning the current elation about real estate prices dropping in San Diego. When I hear people discussing the fact that they found some dumpy house in a dumpy neighborhood for $500K, and feel they got the “deal of a lifetime,” I cringe.

At 41, I may be a little older than most on this forum, but we bought our home in a prime area of La Jolla for the very low six figures almost twenty years ago, and I can’t fathom paying anything over that for a primary residence or income property.

Again. Everything is relative.

[San Diego Native]

Multiple. . .

Agree with some of your points. If things get as bad as they most likely will become in this country, the price of housing will be the least of anyone’s concerns. Better have everything paid off, with zero debt.

Everything in life is relative. Concerning the current elation about real estate prices dropping in San Diego. When I hear people discussing the fact that they found some dumpy house in a dumpy neighborhood for $500K, and feel they got the “deal of a lifetime,” I cringe.

At 41, I may be a little older than most on this forum, but we bought our home in a prime area of La Jolla for the very low six figures almost twenty years ago, and I can’t fathom paying anything over that for a primary residence or income property.

Again. Everything is relative.

[San Diego Native]

Multiple. . .

Agree with some of your points. If things get as bad as they most likely will become in this country, the price of housing will be the least of anyone’s concerns. Better have everything paid off, with zero debt.

Everything in life is relative. Concerning the current elation about real estate prices dropping in San Diego. When I hear people discussing the fact that they found some dumpy house in a dumpy neighborhood for $500K, and feel they got the “deal of a lifetime,” I cringe.

At 41, I may be a little older than most on this forum, but we bought our home in a prime area of La Jolla for the very low six figures almost twenty years ago, and I can’t fathom paying anything over that for a primary residence or income property.

Again. Everything is relative.

[no_such_reality]

But what if bread lines would do the country some good?

[no_such_reality]

But what if bread lines would do the country some good?

[no_such_reality]

But what if bread lines would do the country some good?

[no_such_reality]

But what if bread lines would do the country some good?

[no_such_reality]

But what if bread lines would do the country some good?

[the dingo]

Dear Condo Girl,

“Your spelling is flawed” posted by condogirrl was classic.Can you say typo. Of course I meant “whining”. Does a title of “Quit winning about bail outs” make any sense? Also, condogrll is spelled “Condo Girl”. Maybe that is the reason your handle is condogrll and not “single family girl.”

[the dingo]

Dear Condo Girl,

“Your spelling is flawed” posted by condogirrl was classic.Can you say typo. Of course I meant “whining”. Does a title of “Quit winning about bail outs” make any sense? Also, condogrll is spelled “Condo Girl”. Maybe that is the reason your handle is condogrll and not “single family girl.”

[the dingo]

Dear Condo Girl,

“Your spelling is flawed” posted by condogirrl was classic.Can you say typo. Of course I meant “whining”. Does a title of “Quit winning about bail outs” make any sense? Also, condogrll is spelled “Condo Girl”. Maybe that is the reason your handle is condogrll and not “single family girl.”

[the dingo]

Dear Condo Girl,

“Your spelling is flawed” posted by condogirrl was classic.Can you say typo. Of course I meant “whining”. Does a title of “Quit winning about bail outs” make any sense? Also, condogrll is spelled “Condo Girl”. Maybe that is the reason your handle is condogrll and not “single family girl.”

[Author]

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