Tales of an RSF buyer

[raptorduck]

LOB. I say nothing negative about renters. I have been a renter and put off buying my first house longer than my peers. I paid cash for it.

I am where I am because I have made good financial decisions. I am well within my comfort zone. If my new RSF homes looses so much value that I am underwater after a 30% down payment and paying 15% below asking, I will be just fine. As I said, it is not an investment. It is my future home.

If my wife leaves me for the pool boy and I have to sell it at a loss, as jpinpb said, it is just money. I don’t waste it, but sometimes you loose some of it. Life goes on. Watching your $$ does not mean your world ends when you permanently misplace a few.

[Dukehorn]

Life isn’t always about money.

Though I (and my dad) warned my sister not to buy in San Diego and hold off for one or two more years, she and her husband pulled the trigger in ’06. Yeah, her house has lost 10%, but they plan on being in for the long haul and the two of them make over $200k.

It offends my sensibilities to go into a bad investment, but her rationale was that her husband was itching to buy a home after living for 8 years in a tiny rental in NYC and if sometimes you lose a bit of money to placate the family that’s fine.

A marriage isn’t about a monetary bottom line, so give raptor a break.

[Dukehorn]

Life isn’t always about money.

Though I (and my dad) warned my sister not to buy in San Diego and hold off for one or two more years, she and her husband pulled the trigger in ’06. Yeah, her house has lost 10%, but they plan on being in for the long haul and the two of them make over $200k.

It offends my sensibilities to go into a bad investment, but her rationale was that her husband was itching to buy a home after living for 8 years in a tiny rental in NYC and if sometimes you lose a bit of money to placate the family that’s fine.

A marriage isn’t about a monetary bottom line, so give raptor a break.

[Dukehorn]

Life isn’t always about money.

Though I (and my dad) warned my sister not to buy in San Diego and hold off for one or two more years, she and her husband pulled the trigger in ’06. Yeah, her house has lost 10%, but they plan on being in for the long haul and the two of them make over $200k.

It offends my sensibilities to go into a bad investment, but her rationale was that her husband was itching to buy a home after living for 8 years in a tiny rental in NYC and if sometimes you lose a bit of money to placate the family that’s fine.

A marriage isn’t about a monetary bottom line, so give raptor a break.

[Dukehorn]

Life isn’t always about money.

Though I (and my dad) warned my sister not to buy in San Diego and hold off for one or two more years, she and her husband pulled the trigger in ’06. Yeah, her house has lost 10%, but they plan on being in for the long haul and the two of them make over $200k.

It offends my sensibilities to go into a bad investment, but her rationale was that her husband was itching to buy a home after living for 8 years in a tiny rental in NYC and if sometimes you lose a bit of money to placate the family that’s fine.

A marriage isn’t about a monetary bottom line, so give raptor a break.

[Dukehorn]

Life isn’t always about money.

Though I (and my dad) warned my sister not to buy in San Diego and hold off for one or two more years, she and her husband pulled the trigger in ’06. Yeah, her house has lost 10%, but they plan on being in for the long haul and the two of them make over $200k.

It offends my sensibilities to go into a bad investment, but her rationale was that her husband was itching to buy a home after living for 8 years in a tiny rental in NYC and if sometimes you lose a bit of money to placate the family that’s fine.

A marriage isn’t about a monetary bottom line, so give raptor a break.

[sdrealtor]

Just curious as to what metro area in the Northeast you are from. I grew up there also and fell it is a great place to be from.

As for writing offers, I write whatever my client wants me to. It’s not my job to decide what a buyer should pay and I dont worry about insulting anyone. I do let my buyers know that I have been very successful at getting homes well below market prices when I can write a letter justifying the offer. My justification always includes market conditions, market direction and seller opportunity costs invovled in dismissing the offer.

Sometimes it works, sometimes it doesnt. Sometimes it royally pisses off the listing agent. I dont care. I just do my job which is to represent my client as if I’m spending my own money. If you agent doesnt do this, you probably have the wrong one.

FWIW, I dont take clients from this board and am not looking to get your business but rather provide sound advice.

[sdrealtor]

Just curious as to what metro area in the Northeast you are from. I grew up there also and fell it is a great place to be from.

As for writing offers, I write whatever my client wants me to. It’s not my job to decide what a buyer should pay and I dont worry about insulting anyone. I do let my buyers know that I have been very successful at getting homes well below market prices when I can write a letter justifying the offer. My justification always includes market conditions, market direction and seller opportunity costs invovled in dismissing the offer.

Sometimes it works, sometimes it doesnt. Sometimes it royally pisses off the listing agent. I dont care. I just do my job which is to represent my client as if I’m spending my own money. If you agent doesnt do this, you probably have the wrong one.

FWIW, I dont take clients from this board and am not looking to get your business but rather provide sound advice.

[sdrealtor]

Just curious as to what metro area in the Northeast you are from. I grew up there also and fell it is a great place to be from.

As for writing offers, I write whatever my client wants me to. It’s not my job to decide what a buyer should pay and I dont worry about insulting anyone. I do let my buyers know that I have been very successful at getting homes well below market prices when I can write a letter justifying the offer. My justification always includes market conditions, market direction and seller opportunity costs invovled in dismissing the offer.

Sometimes it works, sometimes it doesnt. Sometimes it royally pisses off the listing agent. I dont care. I just do my job which is to represent my client as if I’m spending my own money. If you agent doesnt do this, you probably have the wrong one.

FWIW, I dont take clients from this board and am not looking to get your business but rather provide sound advice.

[sdrealtor]

Just curious as to what metro area in the Northeast you are from. I grew up there also and fell it is a great place to be from.

As for writing offers, I write whatever my client wants me to. It’s not my job to decide what a buyer should pay and I dont worry about insulting anyone. I do let my buyers know that I have been very successful at getting homes well below market prices when I can write a letter justifying the offer. My justification always includes market conditions, market direction and seller opportunity costs invovled in dismissing the offer.

Sometimes it works, sometimes it doesnt. Sometimes it royally pisses off the listing agent. I dont care. I just do my job which is to represent my client as if I’m spending my own money. If you agent doesnt do this, you probably have the wrong one.

FWIW, I dont take clients from this board and am not looking to get your business but rather provide sound advice.

[sdrealtor]

Just curious as to what metro area in the Northeast you are from. I grew up there also and fell it is a great place to be from.

As for writing offers, I write whatever my client wants me to. It’s not my job to decide what a buyer should pay and I dont worry about insulting anyone. I do let my buyers know that I have been very successful at getting homes well below market prices when I can write a letter justifying the offer. My justification always includes market conditions, market direction and seller opportunity costs invovled in dismissing the offer.

Sometimes it works, sometimes it doesnt. Sometimes it royally pisses off the listing agent. I dont care. I just do my job which is to represent my client as if I’m spending my own money. If you agent doesnt do this, you probably have the wrong one.

FWIW, I dont take clients from this board and am not looking to get your business but rather provide sound advice.

[raptorduck]

SDR. I have seen you provide consistenly sound and honest advice on this board.

I first lived in Manhattan, but mostly in Connecticut. I just did not like growing up in the NE. Good memories from prep school, but overall not for me. I liked Florida much better. But then I came to Cali for the military (to SD actually) and boom I was done for. No way I was going back East after comming here. Even Florida paled in comparison. See my top 25 reasons I love SD post for my colorful whys. I have been here ever since.

I love Cali, but love it more the more south I go. I like LA more than the Bay Area and SD more than LA. But I like the Bay Area more than any other place in the U.S. that is not in Cali.

[raptorduck]

SDR. I have seen you provide consistenly sound and honest advice on this board.

I first lived in Manhattan, but mostly in Connecticut. I just did not like growing up in the NE. Good memories from prep school, but overall not for me. I liked Florida much better. But then I came to Cali for the military (to SD actually) and boom I was done for. No way I was going back East after comming here. Even Florida paled in comparison. See my top 25 reasons I love SD post for my colorful whys. I have been here ever since.

I love Cali, but love it more the more south I go. I like LA more than the Bay Area and SD more than LA. But I like the Bay Area more than any other place in the U.S. that is not in Cali.

[raptorduck]

SDR. I have seen you provide consistenly sound and honest advice on this board.

I first lived in Manhattan, but mostly in Connecticut. I just did not like growing up in the NE. Good memories from prep school, but overall not for me. I liked Florida much better. But then I came to Cali for the military (to SD actually) and boom I was done for. No way I was going back East after comming here. Even Florida paled in comparison. See my top 25 reasons I love SD post for my colorful whys. I have been here ever since.

I love Cali, but love it more the more south I go. I like LA more than the Bay Area and SD more than LA. But I like the Bay Area more than any other place in the U.S. that is not in Cali.

[raptorduck]

SDR. I have seen you provide consistenly sound and honest advice on this board.

I first lived in Manhattan, but mostly in Connecticut. I just did not like growing up in the NE. Good memories from prep school, but overall not for me. I liked Florida much better. But then I came to Cali for the military (to SD actually) and boom I was done for. No way I was going back East after comming here. Even Florida paled in comparison. See my top 25 reasons I love SD post for my colorful whys. I have been here ever since.

I love Cali, but love it more the more south I go. I like LA more than the Bay Area and SD more than LA. But I like the Bay Area more than any other place in the U.S. that is not in Cali.

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