Seeking the opinion of the buyers out there.

[Nor-LA-SD-guy]

[quote=patientrenter]I ain’t buying until prices for decent places in decent areas that I’d be happy to live in get closer to 1996 prices plus wage inflation. Right now these prices are still double to triple the adjusted 1996 level.[/quote]

Depends on the Area I think, in T.V. (which is a good enough area for me anyways) I think they are way below 1996 plus wage inflation (minimum wage does not count, there have never been a lot of minimum wage earners buying homes — 2003-6 being the exception).

And I still say although the area may not be at the absolute bottom, it’s close enough that it won’t matter in ten years (except bragging rights).

Sure if Carlsbad starts selling 3000+sqf homes for 400K, I will turn my T.V. home into a rental and move but I feel I am covered (happy with my T.V. home) if it does not get that low.

It takes all of about 45-50 minutes to get to the beach I like (in OC) on the few hot day’s I want to be outside and I have never had an electric bill over $125 dollars and I am not stingy with the AC during the summer.

But to each their own.

[paramount]

I concur with a lot of the observations in the original posting. In terms of employment, there are no guarantees in life, you could always loose your job.

On the other hand I think a lot of people buying today are like those who bought in 1931/32….

[paramount]

I concur with a lot of the observations in the original posting. In terms of employment, there are no guarantees in life, you could always loose your job.

On the other hand I think a lot of people buying today are like those who bought in 1931/32….

[paramount]

I concur with a lot of the observations in the original posting. In terms of employment, there are no guarantees in life, you could always loose your job.

On the other hand I think a lot of people buying today are like those who bought in 1931/32….

[paramount]

I concur with a lot of the observations in the original posting. In terms of employment, there are no guarantees in life, you could always loose your job.

On the other hand I think a lot of people buying today are like those who bought in 1931/32….

[paramount]

I concur with a lot of the observations in the original posting. In terms of employment, there are no guarantees in life, you could always loose your job.

On the other hand I think a lot of people buying today are like those who bought in 1931/32….

[an]

[quote=flu]Never underestimate the financial state of your peers. Not everyone is financially “ruined” as the media would like to portray, though it’s much more convenient to think so.

(Still in search of positive cash flow properties)
[/quote]
Totally agree. BTW, there are plenty of positive cash flow properties, just not in north county. South bay has some good options. If you want to go farther, Fresno have some starter homes for $60-80k and can be rented for about $850-1000. PITI would be around $320-420 w/ 30% down ($18-24k). That’s profit of $400-700/month. It’s in the “ghetto” area though, but it’s out there.

[quote=paramount]On the other hand I think a lot of people buying today are like those who bought in 1931/32….[/quote]
You mean in 70-80 years, they’ll be filthy rich from their property investments?

[an]

[quote=flu]Never underestimate the financial state of your peers. Not everyone is financially “ruined” as the media would like to portray, though it’s much more convenient to think so.

(Still in search of positive cash flow properties)
[/quote]
Totally agree. BTW, there are plenty of positive cash flow properties, just not in north county. South bay has some good options. If you want to go farther, Fresno have some starter homes for $60-80k and can be rented for about $850-1000. PITI would be around $320-420 w/ 30% down ($18-24k). That’s profit of $400-700/month. It’s in the “ghetto” area though, but it’s out there.

[quote=paramount]On the other hand I think a lot of people buying today are like those who bought in 1931/32….[/quote]
You mean in 70-80 years, they’ll be filthy rich from their property investments?

[an]

[quote=flu]Never underestimate the financial state of your peers. Not everyone is financially “ruined” as the media would like to portray, though it’s much more convenient to think so.

(Still in search of positive cash flow properties)
[/quote]
Totally agree. BTW, there are plenty of positive cash flow properties, just not in north county. South bay has some good options. If you want to go farther, Fresno have some starter homes for $60-80k and can be rented for about $850-1000. PITI would be around $320-420 w/ 30% down ($18-24k). That’s profit of $400-700/month. It’s in the “ghetto” area though, but it’s out there.

[quote=paramount]On the other hand I think a lot of people buying today are like those who bought in 1931/32….[/quote]
You mean in 70-80 years, they’ll be filthy rich from their property investments?

[an]

[quote=flu]Never underestimate the financial state of your peers. Not everyone is financially “ruined” as the media would like to portray, though it’s much more convenient to think so.

(Still in search of positive cash flow properties)
[/quote]
Totally agree. BTW, there are plenty of positive cash flow properties, just not in north county. South bay has some good options. If you want to go farther, Fresno have some starter homes for $60-80k and can be rented for about $850-1000. PITI would be around $320-420 w/ 30% down ($18-24k). That’s profit of $400-700/month. It’s in the “ghetto” area though, but it’s out there.

[quote=paramount]On the other hand I think a lot of people buying today are like those who bought in 1931/32….[/quote]
You mean in 70-80 years, they’ll be filthy rich from their property investments?

[an]

[quote=flu]Never underestimate the financial state of your peers. Not everyone is financially “ruined” as the media would like to portray, though it’s much more convenient to think so.

(Still in search of positive cash flow properties)
[/quote]
Totally agree. BTW, there are plenty of positive cash flow properties, just not in north county. South bay has some good options. If you want to go farther, Fresno have some starter homes for $60-80k and can be rented for about $850-1000. PITI would be around $320-420 w/ 30% down ($18-24k). That’s profit of $400-700/month. It’s in the “ghetto” area though, but it’s out there.

[quote=paramount]On the other hand I think a lot of people buying today are like those who bought in 1931/32….[/quote]
You mean in 70-80 years, they’ll be filthy rich from their property investments?

[Coronita]

[quote=AN][quote=flu]Never underestimate the financial state of your peers. Not everyone is financially “ruined” as the media would like to portray, though it’s much more convenient to think so.

(Still in search of positive cash flow properties)
[/quote]
Totally agree. BTW, there are plenty of positive cash flow properties, just not in north county. South bay has some good options. If you want to go farther, Fresno have some starter homes for $60-80k and can be rented for about $850-1000. PITI would be around $320-420 w/ 30% down ($18-24k). That’s profit of $400-700/month. It’s in the “ghetto” area though, but it’s out there.[/quote]

I’m not looking wholeheartedly. Dealing with tenants are the last thing I’m thinking about right now…Though, eventually I will get off my lazy union arse. Folks mentioned Vista and Escondido have some opportunities.

The interesting thing that people mentioned before is, if you put down a big down, you’re foregoing interest/dividend on that downpayment…My question is…In this environment, WHAT INTEREST INCOE? 🙂 Oh that’s right, I didn’t even know about that 1.5-3% CD rate existed….Lol…

[quote]
You mean in 70-80 years, they’ll be filthy rich from their property investments?
[/quote]

The ones with the financial means to hold out, you mean…I agree.Not all of them will. In my book, it’s all relative. Me thinks this is probably not a bad time to speculate (in general) IF you have the means to take your losses with a lump.

[Coronita]

[quote=AN][quote=flu]Never underestimate the financial state of your peers. Not everyone is financially “ruined” as the media would like to portray, though it’s much more convenient to think so.

(Still in search of positive cash flow properties)
[/quote]
Totally agree. BTW, there are plenty of positive cash flow properties, just not in north county. South bay has some good options. If you want to go farther, Fresno have some starter homes for $60-80k and can be rented for about $850-1000. PITI would be around $320-420 w/ 30% down ($18-24k). That’s profit of $400-700/month. It’s in the “ghetto” area though, but it’s out there.[/quote]

I’m not looking wholeheartedly. Dealing with tenants are the last thing I’m thinking about right now…Though, eventually I will get off my lazy union arse. Folks mentioned Vista and Escondido have some opportunities.

The interesting thing that people mentioned before is, if you put down a big down, you’re foregoing interest/dividend on that downpayment…My question is…In this environment, WHAT INTEREST INCOE? 🙂 Oh that’s right, I didn’t even know about that 1.5-3% CD rate existed….Lol…

[quote]
You mean in 70-80 years, they’ll be filthy rich from their property investments?
[/quote]

The ones with the financial means to hold out, you mean…I agree.Not all of them will. In my book, it’s all relative. Me thinks this is probably not a bad time to speculate (in general) IF you have the means to take your losses with a lump.

[Coronita]

[quote=AN][quote=flu]Never underestimate the financial state of your peers. Not everyone is financially “ruined” as the media would like to portray, though it’s much more convenient to think so.

(Still in search of positive cash flow properties)
[/quote]
Totally agree. BTW, there are plenty of positive cash flow properties, just not in north county. South bay has some good options. If you want to go farther, Fresno have some starter homes for $60-80k and can be rented for about $850-1000. PITI would be around $320-420 w/ 30% down ($18-24k). That’s profit of $400-700/month. It’s in the “ghetto” area though, but it’s out there.[/quote]

I’m not looking wholeheartedly. Dealing with tenants are the last thing I’m thinking about right now…Though, eventually I will get off my lazy union arse. Folks mentioned Vista and Escondido have some opportunities.

The interesting thing that people mentioned before is, if you put down a big down, you’re foregoing interest/dividend on that downpayment…My question is…In this environment, WHAT INTEREST INCOE? 🙂 Oh that’s right, I didn’t even know about that 1.5-3% CD rate existed….Lol…

[quote]
You mean in 70-80 years, they’ll be filthy rich from their property investments?
[/quote]

The ones with the financial means to hold out, you mean…I agree.Not all of them will. In my book, it’s all relative. Me thinks this is probably not a bad time to speculate (in general) IF you have the means to take your losses with a lump.

[Coronita]

[quote=AN][quote=flu]Never underestimate the financial state of your peers. Not everyone is financially “ruined” as the media would like to portray, though it’s much more convenient to think so.

(Still in search of positive cash flow properties)
[/quote]
Totally agree. BTW, there are plenty of positive cash flow properties, just not in north county. South bay has some good options. If you want to go farther, Fresno have some starter homes for $60-80k and can be rented for about $850-1000. PITI would be around $320-420 w/ 30% down ($18-24k). That’s profit of $400-700/month. It’s in the “ghetto” area though, but it’s out there.[/quote]

I’m not looking wholeheartedly. Dealing with tenants are the last thing I’m thinking about right now…Though, eventually I will get off my lazy union arse. Folks mentioned Vista and Escondido have some opportunities.

The interesting thing that people mentioned before is, if you put down a big down, you’re foregoing interest/dividend on that downpayment…My question is…In this environment, WHAT INTEREST INCOE? 🙂 Oh that’s right, I didn’t even know about that 1.5-3% CD rate existed….Lol…

[quote]
You mean in 70-80 years, they’ll be filthy rich from their property investments?
[/quote]

The ones with the financial means to hold out, you mean…I agree.Not all of them will. In my book, it’s all relative. Me thinks this is probably not a bad time to speculate (in general) IF you have the means to take your losses with a lump.

[Author]

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