- This topic has 400 replies, 23 voices, and was last updated 16 years, 7 months ago by
CA renter.
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March 31, 2008 at 2:24 PM #179326March 31, 2008 at 3:07 PM #178887
sd_bear
ParticipantMy fiance and I combined make about 90k and our goal for the year was to save 24k, which we are well on track for. This is after me putting the max into a Roth IRA and still contribute the max matched at my company’s 401k. We will be in an extremely good position as far as downpayments are concerned in the next few years.
We have no kids, but we do have a dog, and we live a pretty decent lifestyle. It’s really not that difficult to save money. All it takes is a conscious decision here or there. Also having no debt helps.
March 31, 2008 at 3:07 PM #179253ParticipantMy fiance and I combined make about 90k and our goal for the year was to save 24k, which we are well on track for. This is after me putting the max into a Roth IRA and still contribute the max matched at my company’s 401k. We will be in an extremely good position as far as downpayments are concerned in the next few years.
We have no kids, but we do have a dog, and we live a pretty decent lifestyle. It’s really not that difficult to save money. All it takes is a conscious decision here or there. Also having no debt helps.
March 31, 2008 at 3:07 PM #179260ParticipantMy fiance and I combined make about 90k and our goal for the year was to save 24k, which we are well on track for. This is after me putting the max into a Roth IRA and still contribute the max matched at my company’s 401k. We will be in an extremely good position as far as downpayments are concerned in the next few years.
We have no kids, but we do have a dog, and we live a pretty decent lifestyle. It’s really not that difficult to save money. All it takes is a conscious decision here or there. Also having no debt helps.
March 31, 2008 at 3:07 PM #179269ParticipantMy fiance and I combined make about 90k and our goal for the year was to save 24k, which we are well on track for. This is after me putting the max into a Roth IRA and still contribute the max matched at my company’s 401k. We will be in an extremely good position as far as downpayments are concerned in the next few years.
We have no kids, but we do have a dog, and we live a pretty decent lifestyle. It’s really not that difficult to save money. All it takes is a conscious decision here or there. Also having no debt helps.
March 31, 2008 at 3:07 PM #179344ParticipantMy fiance and I combined make about 90k and our goal for the year was to save 24k, which we are well on track for. This is after me putting the max into a Roth IRA and still contribute the max matched at my company’s 401k. We will be in an extremely good position as far as downpayments are concerned in the next few years.
We have no kids, but we do have a dog, and we live a pretty decent lifestyle. It’s really not that difficult to save money. All it takes is a conscious decision here or there. Also having no debt helps.
March 31, 2008 at 9:12 PM #178976Nicole
Participant-nicole
new house hunterGreat question, I was wondering the same myself. I’ve been very disappointed these past 4-6 weeks. Thanks for the answer SD realtor- very useful.
March 31, 2008 at 9:12 PM #179343Participant-nicole
new house hunterGreat question, I was wondering the same myself. I’ve been very disappointed these past 4-6 weeks. Thanks for the answer SD realtor- very useful.
March 31, 2008 at 9:12 PM #179351Participant-nicole
new house hunterGreat question, I was wondering the same myself. I’ve been very disappointed these past 4-6 weeks. Thanks for the answer SD realtor- very useful.
March 31, 2008 at 9:12 PM #179360Participant-nicole
new house hunterGreat question, I was wondering the same myself. I’ve been very disappointed these past 4-6 weeks. Thanks for the answer SD realtor- very useful.
March 31, 2008 at 9:12 PM #179435Participant-nicole
new house hunterGreat question, I was wondering the same myself. I’ve been very disappointed these past 4-6 weeks. Thanks for the answer SD realtor- very useful.
March 31, 2008 at 9:30 PM #179000SD Realtor
ParticipantHi nicole –
Same advice goes for everyone, you cannot worry about what other people can or cannot afford. The fundamental misconception (at least as I see it) is that many here project the attitudes that they have upon the population in general. How many times have we read where posters here question how can buyers be out there catching knives, or how can people afford these prices or these downpayments? The answer is that it really doesn’t matter does it? For people who have been waiting a few years to buy, these are probably the most trying of times. A few years ago it was EASY not to buy wasn’t it? Of course it was, the market was so whacko it was a no brainer. Now here we are a few years later and some basic rationality has indeed crept in. However in my mind pricing for a nice home in Carmel Valley or Scripps is still 800k. Are you kidding me? To me that still is not rational but yeah it is better then what it was. Those that crow it will drop bigtime in a short time in these types of neighborhoods, to me are those that are not even close to being a buyer. They are the people who view the market by reading blogs all the time and not actually going out and making offers on homes.
I agree the market will drop. I feel it will continue to be a slow down ride in the nice spots. I also still heartily agree with the best quote on this site so far by sdrealtor, “there may be alot of great deals but not alot of great homes”.
It is just gonna take patience.
SD Realtor
March 31, 2008 at 9:30 PM #179368ParticipantHi nicole –
Same advice goes for everyone, you cannot worry about what other people can or cannot afford. The fundamental misconception (at least as I see it) is that many here project the attitudes that they have upon the population in general. How many times have we read where posters here question how can buyers be out there catching knives, or how can people afford these prices or these downpayments? The answer is that it really doesn’t matter does it? For people who have been waiting a few years to buy, these are probably the most trying of times. A few years ago it was EASY not to buy wasn’t it? Of course it was, the market was so whacko it was a no brainer. Now here we are a few years later and some basic rationality has indeed crept in. However in my mind pricing for a nice home in Carmel Valley or Scripps is still 800k. Are you kidding me? To me that still is not rational but yeah it is better then what it was. Those that crow it will drop bigtime in a short time in these types of neighborhoods, to me are those that are not even close to being a buyer. They are the people who view the market by reading blogs all the time and not actually going out and making offers on homes.
I agree the market will drop. I feel it will continue to be a slow down ride in the nice spots. I also still heartily agree with the best quote on this site so far by sdrealtor, “there may be alot of great deals but not alot of great homes”.
It is just gonna take patience.
SD Realtor
March 31, 2008 at 9:30 PM #179374ParticipantHi nicole –
Same advice goes for everyone, you cannot worry about what other people can or cannot afford. The fundamental misconception (at least as I see it) is that many here project the attitudes that they have upon the population in general. How many times have we read where posters here question how can buyers be out there catching knives, or how can people afford these prices or these downpayments? The answer is that it really doesn’t matter does it? For people who have been waiting a few years to buy, these are probably the most trying of times. A few years ago it was EASY not to buy wasn’t it? Of course it was, the market was so whacko it was a no brainer. Now here we are a few years later and some basic rationality has indeed crept in. However in my mind pricing for a nice home in Carmel Valley or Scripps is still 800k. Are you kidding me? To me that still is not rational but yeah it is better then what it was. Those that crow it will drop bigtime in a short time in these types of neighborhoods, to me are those that are not even close to being a buyer. They are the people who view the market by reading blogs all the time and not actually going out and making offers on homes.
I agree the market will drop. I feel it will continue to be a slow down ride in the nice spots. I also still heartily agree with the best quote on this site so far by sdrealtor, “there may be alot of great deals but not alot of great homes”.
It is just gonna take patience.
SD Realtor
March 31, 2008 at 9:30 PM #179385ParticipantHi nicole –
Same advice goes for everyone, you cannot worry about what other people can or cannot afford. The fundamental misconception (at least as I see it) is that many here project the attitudes that they have upon the population in general. How many times have we read where posters here question how can buyers be out there catching knives, or how can people afford these prices or these downpayments? The answer is that it really doesn’t matter does it? For people who have been waiting a few years to buy, these are probably the most trying of times. A few years ago it was EASY not to buy wasn’t it? Of course it was, the market was so whacko it was a no brainer. Now here we are a few years later and some basic rationality has indeed crept in. However in my mind pricing for a nice home in Carmel Valley or Scripps is still 800k. Are you kidding me? To me that still is not rational but yeah it is better then what it was. Those that crow it will drop bigtime in a short time in these types of neighborhoods, to me are those that are not even close to being a buyer. They are the people who view the market by reading blogs all the time and not actually going out and making offers on homes.
I agree the market will drop. I feel it will continue to be a slow down ride in the nice spots. I also still heartily agree with the best quote on this site so far by sdrealtor, “there may be alot of great deals but not alot of great homes”.
It is just gonna take patience.
SD Realtor
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