Survey: At what price will YOU most likely buy?

[PD]

Somebody got up on the wrong side of the rock this morning.

[Reality]

$300,000 or so. Which will happen, despite what the Myitos of the world would like us to believe.

[Reality]

$300,000 or so. Which will happen, despite what the Myitos of the world would like us to believe.

[patientrenter]

Thanks JohnAlt (in La Mesa?).

What’s your best estimate of the current price of the property you’re thinking of buying for $300K in the future? (So I can get that % value I referred to in the survey question.)

Patient renter in OC

[patientrenter]

Thanks JohnAlt (in La Mesa?).

What’s your best estimate of the current price of the property you’re thinking of buying for $300K in the future? (So I can get that % value I referred to in the survey question.)

Patient renter in OC

[Reality]

Thanks JohnAlt (in La Mesa?).

What’s your best estimate of the current price of the property you’re thinking of buying for $300K in the future? (So I can get that % value I referred to in the survey question.)

Patient renter in OC

About $500,000 but with little demand. The sellers think it’s still 2005, but they will end up selling at the 2010 price with a 40% discount. Or they will get forclosed if they don’t have the equity to spare.

BTW La Mesa is right.

[Reality]

Thanks JohnAlt (in La Mesa?).

What’s your best estimate of the current price of the property you’re thinking of buying for $300K in the future? (So I can get that % value I referred to in the survey question.)

Patient renter in OC

About $500,000 but with little demand. The sellers think it’s still 2005, but they will end up selling at the 2010 price with a 40% discount. Or they will get forclosed if they don’t have the equity to spare.

BTW La Mesa is right.

[no_such_reality]

It varies. when renting is as expensive as owning is my real trigger. At the moment, I’d like to say that’s 50% with my target area being going back to Eastside Costa Mesa or into an older Irvine community like University Park, Woodbridge, The Ranch.

However, times change and as my living needs change pushing towards SFRs and more bedrooms, the percentage will become smaller.

[no_such_reality]

It varies. when renting is as expensive as owning is my real trigger. At the moment, I’d like to say that’s 50% with my target area being going back to Eastside Costa Mesa or into an older Irvine community like University Park, Woodbridge, The Ranch.

However, times change and as my living needs change pushing towards SFRs and more bedrooms, the percentage will become smaller.

[patientrenter]

Updated summary:

# | Contributor | Trigger%* | Comments
1 | patientrenter | 65% | (350 / 550) East Costa Mesa
2 | BuyerWillEPB | ?% | (300 / 2003 Price = ?)
3 | temeculaguy | 67% | Of current resale home prices
4 | stansd | 75% | Without inflation adjustment
5 | PD | 80% | Coronado
6 | golfproz | 65% | (550 / 850)
7 | eccen in esc | 75% | (450 / 600) N. SD County. E of I15. 2 ac+
8 | jg | 18% | Can wait 10 years
9 | kev374 | 50% | (325 / 650) So. OC
10 | JohnAlt91941 | 60% | (300 / 500) La Mesa
11 | no_such_reality | 50% | East Costa Mesa / Old Irvine

* Most likely trigger price as % of current price for most likely future purchase

Patient renter in OC

[patientrenter]

Updated summary:

# | Contributor | Trigger%* | Comments
1 | patientrenter | 65% | (350 / 550) East Costa Mesa
2 | BuyerWillEPB | ?% | (300 / 2003 Price = ?)
3 | temeculaguy | 67% | Of current resale home prices
4 | stansd | 75% | Without inflation adjustment
5 | PD | 80% | Coronado
6 | golfproz | 65% | (550 / 850)
7 | eccen in esc | 75% | (450 / 600) N. SD County. E of I15. 2 ac+
8 | jg | 18% | Can wait 10 years
9 | kev374 | 50% | (325 / 650) So. OC
10 | JohnAlt91941 | 60% | (300 / 500) La Mesa
11 | no_such_reality | 50% | East Costa Mesa / Old Irvine

* Most likely trigger price as % of current price for most likely future purchase

Patient renter in OC

[SD Realtor]

Patient renter gotcha… thanks for the explanation. Unfortunately I don’t have a good answer for ya because I have already put a few offers down on places that have been rejected over the past year. To me it looks like they are about 15% lower then they were back in 05 if that helps ya put a number down. Also budget wise I am looking at buying something that will more or less match my current rent, (even though it means throwing down a big dp)

SD Realtor

[SD Realtor]

Patient renter gotcha… thanks for the explanation. Unfortunately I don’t have a good answer for ya because I have already put a few offers down on places that have been rejected over the past year. To me it looks like they are about 15% lower then they were back in 05 if that helps ya put a number down. Also budget wise I am looking at buying something that will more or less match my current rent, (even though it means throwing down a big dp)

SD Realtor

[Bob G]

I’m looking for inflation adjusted 2000 prices.
I guess that’s about a 50 percent drop from todays prices.

[Bob G]

I’m looking for inflation adjusted 2000 prices.
I guess that’s about a 50 percent drop from todays prices.

[Author]

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