SD prices post fires

[nostradamus]

Raptorduck you don’t need an RE license to know how silly your wife’s argument is. Imagine if you were living in San Diego and considering moving elsewhere because:

1. Housing is ridiculously overpriced
2. Everything in San Diego is expensive (we pay the highest in the nation for gas)
3. The local economy is driven in a large part by construction, and will be on a sorry downward slope for a while

Now we have this fire, as we did in 2003 and before. It may be just the thing to send you out of SD for good.

[eccen in esc]

eccen in esc

Raptor – make sure your wife reads piggingtons religiously – it is the only thing that keeps me from buying and it takes all the willpower I can muster. It is much harder for women not to have their own home. You will be glad you waited.

[eccen in esc]

eccen in esc

Raptor – make sure your wife reads piggingtons religiously – it is the only thing that keeps me from buying and it takes all the willpower I can muster. It is much harder for women not to have their own home. You will be glad you waited.

[eccen in esc]

eccen in esc

Raptor – make sure your wife reads piggingtons religiously – it is the only thing that keeps me from buying and it takes all the willpower I can muster. It is much harder for women not to have their own home. You will be glad you waited.

[eccen in esc]

eccen in esc

Raptor – make sure your wife reads piggingtons religiously – it is the only thing that keeps me from buying and it takes all the willpower I can muster. It is much harder for women not to have their own home. You will be glad you waited.

[Anonymous]

I am an investment underwriter for a home builder and a woman. I would say your wife’s thinking is very similar to many of those(male and female) in San Diego during the boom time. But I think she is mistaken this time around. I also think the seller you refer to with fire damage in Cielo has not really come to terms with the market downturn as of yet. I would not pay $500k over what the comps say regardless of any ohter factors. And yes the home is worth less after fire damage and any bank that you get your 20% down payment – 80% loan with will have an appraisal that agrees with you. That is not taking advantage of anyone and your single transaction will not impact the San Diego housing market on whole. So I say buy a house if you want at fair market value today or wait 6 months and that fair market value will be lower, fire damage or no fire damage.

Life’s biggest mistake could be NOT listening to a woman about buying a house!

[Anonymous]

I am an investment underwriter for a home builder and a woman. I would say your wife’s thinking is very similar to many of those(male and female) in San Diego during the boom time. But I think she is mistaken this time around. I also think the seller you refer to with fire damage in Cielo has not really come to terms with the market downturn as of yet. I would not pay $500k over what the comps say regardless of any ohter factors. And yes the home is worth less after fire damage and any bank that you get your 20% down payment – 80% loan with will have an appraisal that agrees with you. That is not taking advantage of anyone and your single transaction will not impact the San Diego housing market on whole. So I say buy a house if you want at fair market value today or wait 6 months and that fair market value will be lower, fire damage or no fire damage.

Life’s biggest mistake could be NOT listening to a woman about buying a house!

[Anonymous]

I am an investment underwriter for a home builder and a woman. I would say your wife’s thinking is very similar to many of those(male and female) in San Diego during the boom time. But I think she is mistaken this time around. I also think the seller you refer to with fire damage in Cielo has not really come to terms with the market downturn as of yet. I would not pay $500k over what the comps say regardless of any ohter factors. And yes the home is worth less after fire damage and any bank that you get your 20% down payment – 80% loan with will have an appraisal that agrees with you. That is not taking advantage of anyone and your single transaction will not impact the San Diego housing market on whole. So I say buy a house if you want at fair market value today or wait 6 months and that fair market value will be lower, fire damage or no fire damage.

Life’s biggest mistake could be NOT listening to a woman about buying a house!

[Anonymous]

I am an investment underwriter for a home builder and a woman. I would say your wife’s thinking is very similar to many of those(male and female) in San Diego during the boom time. But I think she is mistaken this time around. I also think the seller you refer to with fire damage in Cielo has not really come to terms with the market downturn as of yet. I would not pay $500k over what the comps say regardless of any ohter factors. And yes the home is worth less after fire damage and any bank that you get your 20% down payment – 80% loan with will have an appraisal that agrees with you. That is not taking advantage of anyone and your single transaction will not impact the San Diego housing market on whole. So I say buy a house if you want at fair market value today or wait 6 months and that fair market value will be lower, fire damage or no fire damage.

Life’s biggest mistake could be NOT listening to a woman about buying a house!

[raptorduck]

AlexAngel. Well I did read Homebuilding for Dummies. This board helps me with the local market down there and gives me a contrarian perspective. I can’t find either of those on Amazon.

Joining a blog and admitting I need some education is not bellow me. Ignorance knows no economic boundry. You are mistaken if you think that financially well off and highly educated people are all knowing experts at everything. Many think they are, but I have found that the more education and experience I have obtained in life, the more I realize how ignorant I truly am.

Thanks for the warning on posts. I don’t make life and death decisions from what I read on a blog, and filter accordingly. It otherwise adds to my database of information I can use to make my own decisions.

[raptorduck]

AlexAngel. Well I did read Homebuilding for Dummies. This board helps me with the local market down there and gives me a contrarian perspective. I can’t find either of those on Amazon.

Joining a blog and admitting I need some education is not bellow me. Ignorance knows no economic boundry. You are mistaken if you think that financially well off and highly educated people are all knowing experts at everything. Many think they are, but I have found that the more education and experience I have obtained in life, the more I realize how ignorant I truly am.

Thanks for the warning on posts. I don’t make life and death decisions from what I read on a blog, and filter accordingly. It otherwise adds to my database of information I can use to make my own decisions.

[raptorduck]

AlexAngel. Well I did read Homebuilding for Dummies. This board helps me with the local market down there and gives me a contrarian perspective. I can’t find either of those on Amazon.

Joining a blog and admitting I need some education is not bellow me. Ignorance knows no economic boundry. You are mistaken if you think that financially well off and highly educated people are all knowing experts at everything. Many think they are, but I have found that the more education and experience I have obtained in life, the more I realize how ignorant I truly am.

Thanks for the warning on posts. I don’t make life and death decisions from what I read on a blog, and filter accordingly. It otherwise adds to my database of information I can use to make my own decisions.

[raptorduck]

AlexAngel. Well I did read Homebuilding for Dummies. This board helps me with the local market down there and gives me a contrarian perspective. I can’t find either of those on Amazon.

Joining a blog and admitting I need some education is not bellow me. Ignorance knows no economic boundry. You are mistaken if you think that financially well off and highly educated people are all knowing experts at everything. Many think they are, but I have found that the more education and experience I have obtained in life, the more I realize how ignorant I truly am.

Thanks for the warning on posts. I don’t make life and death decisions from what I read on a blog, and filter accordingly. It otherwise adds to my database of information I can use to make my own decisions.

[bsrsharma]

Now I am sensitive to the tragedy, but as a buyer, if I am looking at a home that now has a black back yard and is in an area full of black common areas, its value has just gone down

Hmm, If I were the potential buyer, I will run away from that house! What guarantee that a fire next time will not take a direct hit? It is like saying my house in Baghdad or Beirut is safe because, oh, the IED or Rocket landed more than 50 feet from my bedroom!

[bsrsharma]

Now I am sensitive to the tragedy, but as a buyer, if I am looking at a home that now has a black back yard and is in an area full of black common areas, its value has just gone down

Hmm, If I were the potential buyer, I will run away from that house! What guarantee that a fire next time will not take a direct hit? It is like saying my house in Baghdad or Beirut is safe because, oh, the IED or Rocket landed more than 50 feet from my bedroom!

[Author]

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