- This topic has 125 replies, 12 voices, and was last updated 13 years, 1 month ago by
DomoArigato.
-
AuthorPosts
-
August 9, 2011 at 9:20 AM #717822August 9, 2011 at 1:21 PM #716744
rent4now
Participant[quote=sdrealtor][quote=rent4now]I think waiting right now is a good thing. Its hard to find a good house in the mid to lower price range. Its amazing how quickly a good house goes even in this environment!
Of the people who have bought in the last 2yrs how many of you had 1+yrs of cash reserve?[/quote]
The decision is really a personal one but from personal experience I know you will always be nervous with such a large decision even in the best of times. The question I ask is that if you find it amazing how quickly a good house goes even in this environment what do you think would happen in a better environment. My advice is keep looking and dont make a firm decision either way. See what you can find/get while keeping your search active and the decision will likely make itself.[/quote]
Very True… Im more cautious than the majority because I almost lost my arse 6yrs ago but luckly I sold at fall 05.
August 9, 2011 at 1:21 PM #716836Participant[quote=sdrealtor][quote=rent4now]I think waiting right now is a good thing. Its hard to find a good house in the mid to lower price range. Its amazing how quickly a good house goes even in this environment!
Of the people who have bought in the last 2yrs how many of you had 1+yrs of cash reserve?[/quote]
The decision is really a personal one but from personal experience I know you will always be nervous with such a large decision even in the best of times. The question I ask is that if you find it amazing how quickly a good house goes even in this environment what do you think would happen in a better environment. My advice is keep looking and dont make a firm decision either way. See what you can find/get while keeping your search active and the decision will likely make itself.[/quote]
Very True… Im more cautious than the majority because I almost lost my arse 6yrs ago but luckly I sold at fall 05.
August 9, 2011 at 1:21 PM #717435Participant[quote=sdrealtor][quote=rent4now]I think waiting right now is a good thing. Its hard to find a good house in the mid to lower price range. Its amazing how quickly a good house goes even in this environment!
Of the people who have bought in the last 2yrs how many of you had 1+yrs of cash reserve?[/quote]
The decision is really a personal one but from personal experience I know you will always be nervous with such a large decision even in the best of times. The question I ask is that if you find it amazing how quickly a good house goes even in this environment what do you think would happen in a better environment. My advice is keep looking and dont make a firm decision either way. See what you can find/get while keeping your search active and the decision will likely make itself.[/quote]
Very True… Im more cautious than the majority because I almost lost my arse 6yrs ago but luckly I sold at fall 05.
August 9, 2011 at 1:21 PM #717586Participant[quote=sdrealtor][quote=rent4now]I think waiting right now is a good thing. Its hard to find a good house in the mid to lower price range. Its amazing how quickly a good house goes even in this environment!
Of the people who have bought in the last 2yrs how many of you had 1+yrs of cash reserve?[/quote]
The decision is really a personal one but from personal experience I know you will always be nervous with such a large decision even in the best of times. The question I ask is that if you find it amazing how quickly a good house goes even in this environment what do you think would happen in a better environment. My advice is keep looking and dont make a firm decision either way. See what you can find/get while keeping your search active and the decision will likely make itself.[/quote]
Very True… Im more cautious than the majority because I almost lost my arse 6yrs ago but luckly I sold at fall 05.
August 9, 2011 at 1:21 PM #717942Participant[quote=sdrealtor][quote=rent4now]I think waiting right now is a good thing. Its hard to find a good house in the mid to lower price range. Its amazing how quickly a good house goes even in this environment!
Of the people who have bought in the last 2yrs how many of you had 1+yrs of cash reserve?[/quote]
The decision is really a personal one but from personal experience I know you will always be nervous with such a large decision even in the best of times. The question I ask is that if you find it amazing how quickly a good house goes even in this environment what do you think would happen in a better environment. My advice is keep looking and dont make a firm decision either way. See what you can find/get while keeping your search active and the decision will likely make itself.[/quote]
Very True… Im more cautious than the majority because I almost lost my arse 6yrs ago but luckly I sold at fall 05.
August 9, 2011 at 1:59 PM #716763sdrealtor
ParticipantIf you sold in Fall 2005 then you already won. Relax, the only thing left to find out is the final score and margin of victory. You’ll be fine whatever you decide.
August 9, 2011 at 1:59 PM #716856ParticipantIf you sold in Fall 2005 then you already won. Relax, the only thing left to find out is the final score and margin of victory. You’ll be fine whatever you decide.
August 9, 2011 at 1:59 PM #717455ParticipantIf you sold in Fall 2005 then you already won. Relax, the only thing left to find out is the final score and margin of victory. You’ll be fine whatever you decide.
August 9, 2011 at 1:59 PM #717605ParticipantIf you sold in Fall 2005 then you already won. Relax, the only thing left to find out is the final score and margin of victory. You’ll be fine whatever you decide.
August 9, 2011 at 1:59 PM #717961ParticipantIf you sold in Fall 2005 then you already won. Relax, the only thing left to find out is the final score and margin of victory. You’ll be fine whatever you decide.
August 9, 2011 at 5:00 PM #716829carlsbadworker
Participant[quote=sdrealtor]The decision is really a personal one but from personal experience I know you will always be nervous with such a large decision even in the best of times. The question I ask is that if you find it amazing how quickly a good house goes even in this environment what do you think would happen in a better environment. My advice is keep looking and dont make a firm decision either way. See what you can find/get while keeping your search active and the decision will likely make itself.[/quote]
The question is when will a better environment return? I don’t think it will return quickly. To quote Jeremy Grantham in his recently comment on the stock market, “That is, instead of quickly recovering, markets will become cheap and stay below long-term averages for several years as was the case pre-Greenspan. Twenty years is a long time, so most investors think that dipping to fair value for a minute and bouncing is normal. It is, in fact, highly aberrant historically. Markets staying down and washing away a whole generation’s false expectations, high animal spirits, and excessive risk-taking – that would be normal.” I think the same applies to the housing market.
August 9, 2011 at 5:00 PM #716920Participant[quote=sdrealtor]The decision is really a personal one but from personal experience I know you will always be nervous with such a large decision even in the best of times. The question I ask is that if you find it amazing how quickly a good house goes even in this environment what do you think would happen in a better environment. My advice is keep looking and dont make a firm decision either way. See what you can find/get while keeping your search active and the decision will likely make itself.[/quote]
The question is when will a better environment return? I don’t think it will return quickly. To quote Jeremy Grantham in his recently comment on the stock market, “That is, instead of quickly recovering, markets will become cheap and stay below long-term averages for several years as was the case pre-Greenspan. Twenty years is a long time, so most investors think that dipping to fair value for a minute and bouncing is normal. It is, in fact, highly aberrant historically. Markets staying down and washing away a whole generation’s false expectations, high animal spirits, and excessive risk-taking – that would be normal.” I think the same applies to the housing market.
August 9, 2011 at 5:00 PM #717518Participant[quote=sdrealtor]The decision is really a personal one but from personal experience I know you will always be nervous with such a large decision even in the best of times. The question I ask is that if you find it amazing how quickly a good house goes even in this environment what do you think would happen in a better environment. My advice is keep looking and dont make a firm decision either way. See what you can find/get while keeping your search active and the decision will likely make itself.[/quote]
The question is when will a better environment return? I don’t think it will return quickly. To quote Jeremy Grantham in his recently comment on the stock market, “That is, instead of quickly recovering, markets will become cheap and stay below long-term averages for several years as was the case pre-Greenspan. Twenty years is a long time, so most investors think that dipping to fair value for a minute and bouncing is normal. It is, in fact, highly aberrant historically. Markets staying down and washing away a whole generation’s false expectations, high animal spirits, and excessive risk-taking – that would be normal.” I think the same applies to the housing market.
August 9, 2011 at 5:00 PM #717668Participant[quote=sdrealtor]The decision is really a personal one but from personal experience I know you will always be nervous with such a large decision even in the best of times. The question I ask is that if you find it amazing how quickly a good house goes even in this environment what do you think would happen in a better environment. My advice is keep looking and dont make a firm decision either way. See what you can find/get while keeping your search active and the decision will likely make itself.[/quote]
The question is when will a better environment return? I don’t think it will return quickly. To quote Jeremy Grantham in his recently comment on the stock market, “That is, instead of quickly recovering, markets will become cheap and stay below long-term averages for several years as was the case pre-Greenspan. Twenty years is a long time, so most investors think that dipping to fair value for a minute and bouncing is normal. It is, in fact, highly aberrant historically. Markets staying down and washing away a whole generation’s false expectations, high animal spirits, and excessive risk-taking – that would be normal.” I think the same applies to the housing market.
-
AuthorPosts
- You must be logged in to reply to this topic.