Save TG, he’s reaching for the knife

[dontfollowtheherd]

TG,

Sound like buyer’s remorse hits you extra hard so what’s the rush? There will be many nicer homes to choose from at 15-20% lower than where we are today. I wasn’t that impressed with the houses you’re looking at aside from one. Some of them probably sold for 150-175k 6-7 years ago, so why should you pay 3 times that in a falling market? The Tisbury was by far the nicest even with the Bali/Indian palace look from the front. What are you gonna do w/7000sf anyhow? That pool/spa combo would come in handy for pool parties with the divorcees I guess. 🙂 Between the Mello-Roos (if any) and taxes you’re looking at a sizeable chunk of your nest egg getting eaten up in a market that is going to take years to recover from. If all the advice you’ve gotten from everyone so far doesn’t slow you down a bit then make sure to buy a pair of Teflon gloves…lol

[dontfollowtheherd]

TG,

Sound like buyer’s remorse hits you extra hard so what’s the rush? There will be many nicer homes to choose from at 15-20% lower than where we are today. I wasn’t that impressed with the houses you’re looking at aside from one. Some of them probably sold for 150-175k 6-7 years ago, so why should you pay 3 times that in a falling market? The Tisbury was by far the nicest even with the Bali/Indian palace look from the front. What are you gonna do w/7000sf anyhow? That pool/spa combo would come in handy for pool parties with the divorcees I guess. 🙂 Between the Mello-Roos (if any) and taxes you’re looking at a sizeable chunk of your nest egg getting eaten up in a market that is going to take years to recover from. If all the advice you’ve gotten from everyone so far doesn’t slow you down a bit then make sure to buy a pair of Teflon gloves…lol

[dontfollowtheherd]

TG,

Sound like buyer’s remorse hits you extra hard so what’s the rush? There will be many nicer homes to choose from at 15-20% lower than where we are today. I wasn’t that impressed with the houses you’re looking at aside from one. Some of them probably sold for 150-175k 6-7 years ago, so why should you pay 3 times that in a falling market? The Tisbury was by far the nicest even with the Bali/Indian palace look from the front. What are you gonna do w/7000sf anyhow? That pool/spa combo would come in handy for pool parties with the divorcees I guess. 🙂 Between the Mello-Roos (if any) and taxes you’re looking at a sizeable chunk of your nest egg getting eaten up in a market that is going to take years to recover from. If all the advice you’ve gotten from everyone so far doesn’t slow you down a bit then make sure to buy a pair of Teflon gloves…lol

[LuckyInOC]

TG,

My wife and I bought our first home in OC at the end of ’97 after the last RE bubble. The biggest problem with ‘not’ being a knife-catcher and just in front of the up-turn was the selection of homes. We had very few nice homes in our price range. Basically, leftovers… We choose the best one we could. We upgraded to a larger home (wife’s choice, not mine) in ’06 (5.5% Jumbo 30yr fixed >20% down) and sold our first home this year with a nice profit.

If I was able to do over, I would think I would rather knife-catch a “little” with home I really love, instead of save a “little” and settle for what is left. I was not in a position to buy a home prior to ’97.

IMO the best would be at the beginning of the bottom-flat = Best Selection, Best Price… Of course the biggest problem is knowing when that is…

I been reading this site for about 6 months or so…
I’ve had the same feelings about this RE market being overheated since at least 2002, maybe even earlier. My last house saw highs in the $350k (’89) range before falling to th $150k (’95) range. After selling at $590k, my neighborhood is down to about $450 or less (24%). I would not bet against a 50% drop from the highs again.

Even for rational persons, once the numbers start to line up, it will become an emotional decision as always…

Hope this helps and good luck,

Lucky In OC

[LuckyInOC]

TG,

My wife and I bought our first home in OC at the end of ’97 after the last RE bubble. The biggest problem with ‘not’ being a knife-catcher and just in front of the up-turn was the selection of homes. We had very few nice homes in our price range. Basically, leftovers… We choose the best one we could. We upgraded to a larger home (wife’s choice, not mine) in ’06 (5.5% Jumbo 30yr fixed >20% down) and sold our first home this year with a nice profit.

If I was able to do over, I would think I would rather knife-catch a “little” with home I really love, instead of save a “little” and settle for what is left. I was not in a position to buy a home prior to ’97.

IMO the best would be at the beginning of the bottom-flat = Best Selection, Best Price… Of course the biggest problem is knowing when that is…

I been reading this site for about 6 months or so…
I’ve had the same feelings about this RE market being overheated since at least 2002, maybe even earlier. My last house saw highs in the $350k (’89) range before falling to th $150k (’95) range. After selling at $590k, my neighborhood is down to about $450 or less (24%). I would not bet against a 50% drop from the highs again.

Even for rational persons, once the numbers start to line up, it will become an emotional decision as always…

Hope this helps and good luck,

Lucky In OC

[LuckyInOC]

TG,

My wife and I bought our first home in OC at the end of ’97 after the last RE bubble. The biggest problem with ‘not’ being a knife-catcher and just in front of the up-turn was the selection of homes. We had very few nice homes in our price range. Basically, leftovers… We choose the best one we could. We upgraded to a larger home (wife’s choice, not mine) in ’06 (5.5% Jumbo 30yr fixed >20% down) and sold our first home this year with a nice profit.

If I was able to do over, I would think I would rather knife-catch a “little” with home I really love, instead of save a “little” and settle for what is left. I was not in a position to buy a home prior to ’97.

IMO the best would be at the beginning of the bottom-flat = Best Selection, Best Price… Of course the biggest problem is knowing when that is…

I been reading this site for about 6 months or so…
I’ve had the same feelings about this RE market being overheated since at least 2002, maybe even earlier. My last house saw highs in the $350k (’89) range before falling to th $150k (’95) range. After selling at $590k, my neighborhood is down to about $450 or less (24%). I would not bet against a 50% drop from the highs again.

Even for rational persons, once the numbers start to line up, it will become an emotional decision as always…

Hope this helps and good luck,

Lucky In OC

[LuckyInOC]

TG,

My wife and I bought our first home in OC at the end of ’97 after the last RE bubble. The biggest problem with ‘not’ being a knife-catcher and just in front of the up-turn was the selection of homes. We had very few nice homes in our price range. Basically, leftovers… We choose the best one we could. We upgraded to a larger home (wife’s choice, not mine) in ’06 (5.5% Jumbo 30yr fixed >20% down) and sold our first home this year with a nice profit.

If I was able to do over, I would think I would rather knife-catch a “little” with home I really love, instead of save a “little” and settle for what is left. I was not in a position to buy a home prior to ’97.

IMO the best would be at the beginning of the bottom-flat = Best Selection, Best Price… Of course the biggest problem is knowing when that is…

I been reading this site for about 6 months or so…
I’ve had the same feelings about this RE market being overheated since at least 2002, maybe even earlier. My last house saw highs in the $350k (’89) range before falling to th $150k (’95) range. After selling at $590k, my neighborhood is down to about $450 or less (24%). I would not bet against a 50% drop from the highs again.

Even for rational persons, once the numbers start to line up, it will become an emotional decision as always…

Hope this helps and good luck,

Lucky In OC

[mgubnyc1]

homes in Temecula and the surrounding area’s will continue to fall, no doupt about it, you don’t have to be Donald Trump to know this! The question is not how low anymore, its who’s going to be buying them? Are we going to hear lots more of these Murder/suicide’s in Temecula (5 people on Sunday on a quite Temecula cul-de-sac dead) you bet you are! As falling home prices spiral down, so will the class of buyers, the tax income is in a decline and the city will have to cut back soon or raise tax’s! The planned budgets are no longer valid, the tax’s are no longer increasing, they are now decreasing.
You guy’s have seen nothing yet, just give it another 2 years and you’ll see a whole new Temecula-Murrieta then you see today.

[mgubnyc1]

homes in Temecula and the surrounding area’s will continue to fall, no doupt about it, you don’t have to be Donald Trump to know this! The question is not how low anymore, its who’s going to be buying them? Are we going to hear lots more of these Murder/suicide’s in Temecula (5 people on Sunday on a quite Temecula cul-de-sac dead) you bet you are! As falling home prices spiral down, so will the class of buyers, the tax income is in a decline and the city will have to cut back soon or raise tax’s! The planned budgets are no longer valid, the tax’s are no longer increasing, they are now decreasing.
You guy’s have seen nothing yet, just give it another 2 years and you’ll see a whole new Temecula-Murrieta then you see today.

[mgubnyc1]

homes in Temecula and the surrounding area’s will continue to fall, no doupt about it, you don’t have to be Donald Trump to know this! The question is not how low anymore, its who’s going to be buying them? Are we going to hear lots more of these Murder/suicide’s in Temecula (5 people on Sunday on a quite Temecula cul-de-sac dead) you bet you are! As falling home prices spiral down, so will the class of buyers, the tax income is in a decline and the city will have to cut back soon or raise tax’s! The planned budgets are no longer valid, the tax’s are no longer increasing, they are now decreasing.
You guy’s have seen nothing yet, just give it another 2 years and you’ll see a whole new Temecula-Murrieta then you see today.

[mgubnyc1]

homes in Temecula and the surrounding area’s will continue to fall, no doupt about it, you don’t have to be Donald Trump to know this! The question is not how low anymore, its who’s going to be buying them? Are we going to hear lots more of these Murder/suicide’s in Temecula (5 people on Sunday on a quite Temecula cul-de-sac dead) you bet you are! As falling home prices spiral down, so will the class of buyers, the tax income is in a decline and the city will have to cut back soon or raise tax’s! The planned budgets are no longer valid, the tax’s are no longer increasing, they are now decreasing.
You guy’s have seen nothing yet, just give it another 2 years and you’ll see a whole new Temecula-Murrieta then you see today.

[Coronita]

bsrsharma,

Regarding Drub thy neighbor…

 

ROTFLAO. That was pretty funny. 

[Coronita]

bsrsharma,

Regarding Drub thy neighbor…

 

ROTFLAO. That was pretty funny. 

[Coronita]

bsrsharma,

Regarding Drub thy neighbor…

 

ROTFLAO. That was pretty funny. 

[Coronita]

bsrsharma,

Regarding Drub thy neighbor…

 

ROTFLAO. That was pretty funny. 

[Author]

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