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  • June 14, 2009 at 10:16 AM #15883
    pizzaman
    Participant

    So its been a while since I posted, been lurking a bit and working around the house I bought last year. I‘m back today looking for some opinions. Heres my situation. With all the action that Temecula/Murrieta has been seeing recently I thought I’d take a shot and see if I could sell the house I bought in Sept 08 and maybe make a few bucks. Well sure enough, in less than a week I was able to put the house in what looks to be a solid escrow. So now I’m trying to decide if I should go pick up something else now or because what we are seeing now is just a spring bounce, I should rent again for awhile and maybe start looking again late 2009. My gut tells me wait, what say you all?

    June 14, 2009 at 10:45 AM #415430
    FormerOwner
    Participant

    I think it’s been a spring bounce and also a consequence of the low interest rates, tax credits, and lack of inventory getting put on the market. Eventually, all of these things have to revert back to normal levels and I don’t see the employment situation getting any better in the foreseeable future. How long this goes on depends on interest rates, gas prices, and whether the government extends the tax credits.

    June 14, 2009 at 10:45 AM #415669
    FormerOwner
    Participant

    I think it’s been a spring bounce and also a consequence of the low interest rates, tax credits, and lack of inventory getting put on the market. Eventually, all of these things have to revert back to normal levels and I don’t see the employment situation getting any better in the foreseeable future. How long this goes on depends on interest rates, gas prices, and whether the government extends the tax credits.

    June 14, 2009 at 10:45 AM #415925
    FormerOwner
    Participant

    I think it’s been a spring bounce and also a consequence of the low interest rates, tax credits, and lack of inventory getting put on the market. Eventually, all of these things have to revert back to normal levels and I don’t see the employment situation getting any better in the foreseeable future. How long this goes on depends on interest rates, gas prices, and whether the government extends the tax credits.

    June 14, 2009 at 10:45 AM #415994
    FormerOwner
    Participant

    I think it’s been a spring bounce and also a consequence of the low interest rates, tax credits, and lack of inventory getting put on the market. Eventually, all of these things have to revert back to normal levels and I don’t see the employment situation getting any better in the foreseeable future. How long this goes on depends on interest rates, gas prices, and whether the government extends the tax credits.

    June 14, 2009 at 10:45 AM #416152
    FormerOwner
    Participant

    I think it’s been a spring bounce and also a consequence of the low interest rates, tax credits, and lack of inventory getting put on the market. Eventually, all of these things have to revert back to normal levels and I don’t see the employment situation getting any better in the foreseeable future. How long this goes on depends on interest rates, gas prices, and whether the government extends the tax credits.

    June 14, 2009 at 11:35 AM #415440
    paramount
    Participant

    You were able to make a profit since Sept 2008? Does that include buying/selling costs, capital gains penalty etc…?

    I would stay out of the market at this point, the pricing levels and demand we are seeing is partially due to exceptional market manipulation IMO.

    June 14, 2009 at 11:35 AM #415679
    paramount
    Participant

    You were able to make a profit since Sept 2008? Does that include buying/selling costs, capital gains penalty etc…?

    I would stay out of the market at this point, the pricing levels and demand we are seeing is partially due to exceptional market manipulation IMO.

    June 14, 2009 at 11:35 AM #415935
    paramount
    Participant

    You were able to make a profit since Sept 2008? Does that include buying/selling costs, capital gains penalty etc…?

    I would stay out of the market at this point, the pricing levels and demand we are seeing is partially due to exceptional market manipulation IMO.

    June 14, 2009 at 11:35 AM #416004
    paramount
    Participant

    You were able to make a profit since Sept 2008? Does that include buying/selling costs, capital gains penalty etc…?

    I would stay out of the market at this point, the pricing levels and demand we are seeing is partially due to exceptional market manipulation IMO.

    June 14, 2009 at 11:35 AM #416162
    paramount
    Participant

    You were able to make a profit since Sept 2008? Does that include buying/selling costs, capital gains penalty etc…?

    I would stay out of the market at this point, the pricing levels and demand we are seeing is partially due to exceptional market manipulation IMO.

    June 14, 2009 at 1:57 PM #415505
    PadreBrian
    Participant

    How dare you make a profit!

    haha, good job. I would wait again till this winter and find a good but cheep TV ranch to buy. December or January.

    June 14, 2009 at 1:57 PM #415744
    PadreBrian
    Participant

    How dare you make a profit!

    haha, good job. I would wait again till this winter and find a good but cheep TV ranch to buy. December or January.

    June 14, 2009 at 1:57 PM #416001
    PadreBrian
    Participant

    How dare you make a profit!

    haha, good job. I would wait again till this winter and find a good but cheep TV ranch to buy. December or January.

    June 14, 2009 at 1:57 PM #416070
    PadreBrian
    Participant

    How dare you make a profit!

    haha, good job. I would wait again till this winter and find a good but cheep TV ranch to buy. December or January.

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