Seeking the opinion of the buyers out there.

[(former)FormerSanDiegan]

[quote=4plexowner]1. what about the fact that 25% of our workforce (Baby Boomers) are going to try to retire over the next ten years?

many of them will try to downsize by selling their houses
[/quote]

Why is it that all demographic arguments focus on the baby boomers. What about the children of the boomers, who actually outnumber the boomer generation ?

The first part of this wave is in their early 30’s. While the size of the echo boomer generation is not large enough to solve the Social Security problems (which relies on a large number of workers per retiree) they are larger than the boomers and will impact many other parts of the economy and society.

[an]

[quote=briansd1]
AN, a badly maintained property will sell for less than a well maintained one. So the homeowner or his heir will lose right there.
[/quote]
You won’t be able to tell it was badly maintained if they spend some money to update it (new paint, new roof if needed, new appliances, new landscape).

[quote=briansd1]Since you bought in Mira Mesa, did you add up all the expenses and time of restoring your house? [/quote]
Of course I add up the expenses. It’s part of the budget every month. I don’t consider it as restoring my house but more of upgrading/customizing. My house was livable when I bought it. Even if I buy a $1M house in CV, I would still be doing the same. I have a thing about customizing and I haven’t seen any house that has EVERYTHING I like, not even a $5M house.

[an]

[quote=briansd1]
AN, a badly maintained property will sell for less than a well maintained one. So the homeowner or his heir will lose right there.
[/quote]
You won’t be able to tell it was badly maintained if they spend some money to update it (new paint, new roof if needed, new appliances, new landscape).

[quote=briansd1]Since you bought in Mira Mesa, did you add up all the expenses and time of restoring your house? [/quote]
Of course I add up the expenses. It’s part of the budget every month. I don’t consider it as restoring my house but more of upgrading/customizing. My house was livable when I bought it. Even if I buy a $1M house in CV, I would still be doing the same. I have a thing about customizing and I haven’t seen any house that has EVERYTHING I like, not even a $5M house.

[an]

[quote=briansd1]
AN, a badly maintained property will sell for less than a well maintained one. So the homeowner or his heir will lose right there.
[/quote]
You won’t be able to tell it was badly maintained if they spend some money to update it (new paint, new roof if needed, new appliances, new landscape).

[quote=briansd1]Since you bought in Mira Mesa, did you add up all the expenses and time of restoring your house? [/quote]
Of course I add up the expenses. It’s part of the budget every month. I don’t consider it as restoring my house but more of upgrading/customizing. My house was livable when I bought it. Even if I buy a $1M house in CV, I would still be doing the same. I have a thing about customizing and I haven’t seen any house that has EVERYTHING I like, not even a $5M house.

[an]

[quote=briansd1]
AN, a badly maintained property will sell for less than a well maintained one. So the homeowner or his heir will lose right there.
[/quote]
You won’t be able to tell it was badly maintained if they spend some money to update it (new paint, new roof if needed, new appliances, new landscape).

[quote=briansd1]Since you bought in Mira Mesa, did you add up all the expenses and time of restoring your house? [/quote]
Of course I add up the expenses. It’s part of the budget every month. I don’t consider it as restoring my house but more of upgrading/customizing. My house was livable when I bought it. Even if I buy a $1M house in CV, I would still be doing the same. I have a thing about customizing and I haven’t seen any house that has EVERYTHING I like, not even a $5M house.

[an]

[quote=briansd1]
AN, a badly maintained property will sell for less than a well maintained one. So the homeowner or his heir will lose right there.
[/quote]
You won’t be able to tell it was badly maintained if they spend some money to update it (new paint, new roof if needed, new appliances, new landscape).

[quote=briansd1]Since you bought in Mira Mesa, did you add up all the expenses and time of restoring your house? [/quote]
Of course I add up the expenses. It’s part of the budget every month. I don’t consider it as restoring my house but more of upgrading/customizing. My house was livable when I bought it. Even if I buy a $1M house in CV, I would still be doing the same. I have a thing about customizing and I haven’t seen any house that has EVERYTHING I like, not even a $5M house.

[briansd1]

Customizing is a hobby indeed.

What you like, the next buyer will not like and will want to rip it out. Good thing you see that as consumption and not investment. 🙂

[briansd1]

Customizing is a hobby indeed.

What you like, the next buyer will not like and will want to rip it out. Good thing you see that as consumption and not investment. 🙂

[briansd1]

Customizing is a hobby indeed.

What you like, the next buyer will not like and will want to rip it out. Good thing you see that as consumption and not investment. 🙂

[briansd1]

Customizing is a hobby indeed.

What you like, the next buyer will not like and will want to rip it out. Good thing you see that as consumption and not investment. 🙂

[briansd1]

Customizing is a hobby indeed.

What you like, the next buyer will not like and will want to rip it out. Good thing you see that as consumption and not investment. 🙂

[an]

[quote=briansd1]Customizing is a hobby indeed.

What you like, the next buyer will not like and will want to rip it out. Good thing you see that as consumption and not investment. 🙂

[/quote]
Very true. What I like might be another person’s dislike. My taste is very neutral, so some people might think it’s boring. However, this is my house, so it doesn’t matter what other people think. Your biggest assumption is I’ll be selling my house. I’ll let you in a little secret… I’ll be passing this house down to my kids.

[an]

[quote=briansd1]Customizing is a hobby indeed.

What you like, the next buyer will not like and will want to rip it out. Good thing you see that as consumption and not investment. 🙂

[/quote]
Very true. What I like might be another person’s dislike. My taste is very neutral, so some people might think it’s boring. However, this is my house, so it doesn’t matter what other people think. Your biggest assumption is I’ll be selling my house. I’ll let you in a little secret… I’ll be passing this house down to my kids.

[an]

[quote=briansd1]Customizing is a hobby indeed.

What you like, the next buyer will not like and will want to rip it out. Good thing you see that as consumption and not investment. 🙂

[/quote]
Very true. What I like might be another person’s dislike. My taste is very neutral, so some people might think it’s boring. However, this is my house, so it doesn’t matter what other people think. Your biggest assumption is I’ll be selling my house. I’ll let you in a little secret… I’ll be passing this house down to my kids.

[an]

[quote=briansd1]Customizing is a hobby indeed.

What you like, the next buyer will not like and will want to rip it out. Good thing you see that as consumption and not investment. 🙂

[/quote]
Very true. What I like might be another person’s dislike. My taste is very neutral, so some people might think it’s boring. However, this is my house, so it doesn’t matter what other people think. Your biggest assumption is I’ll be selling my house. I’ll let you in a little secret… I’ll be passing this house down to my kids.

[Author]

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