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(former)FormerSanDiegan.
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May 28, 2008 at 5:21 PM #213226May 28, 2008 at 5:41 PM #213095
SDEngineer
Participantgb: did you read the part specific to bubble areas in that article?
“I’m also not sure that we would have been willing to buy in Boston, New York or much of California, where the rent ratios remain above 20, according to data from Moody’s Economy.com.”
May 28, 2008 at 5:41 PM #213174Participantgb: did you read the part specific to bubble areas in that article?
“I’m also not sure that we would have been willing to buy in Boston, New York or much of California, where the rent ratios remain above 20, according to data from Moody’s Economy.com.”
May 28, 2008 at 5:41 PM #213198Participantgb: did you read the part specific to bubble areas in that article?
“I’m also not sure that we would have been willing to buy in Boston, New York or much of California, where the rent ratios remain above 20, according to data from Moody’s Economy.com.”
May 28, 2008 at 5:41 PM #213222Participantgb: did you read the part specific to bubble areas in that article?
“I’m also not sure that we would have been willing to buy in Boston, New York or much of California, where the rent ratios remain above 20, according to data from Moody’s Economy.com.”
May 28, 2008 at 5:41 PM #213253Participantgb: did you read the part specific to bubble areas in that article?
“I’m also not sure that we would have been willing to buy in Boston, New York or much of California, where the rent ratios remain above 20, according to data from Moody’s Economy.com.”
May 28, 2008 at 6:02 PM #213108an
Participantdid you read the part specific to bubble areas in that article?
This is not always in the case in all areas of San Diego, much less, California. If 10-14 is historic norm, area like Mira Mesa already have rent multiple as low as 13-14.A bottom will not be in until at least the end of 09 and more possibly until 2011 when all of the Alt-A and option ARM’s start resetting.
No one can predict the bottom. All we can do is run the rent vs buy calculator to see if rent is still cheaper than buy. We can very well go into a flat line for the next 10-20 years or drop 50% in the 6 months and bounce back. No one can predict the future.
May 28, 2008 at 6:02 PM #213184Participantdid you read the part specific to bubble areas in that article?
This is not always in the case in all areas of San Diego, much less, California. If 10-14 is historic norm, area like Mira Mesa already have rent multiple as low as 13-14.A bottom will not be in until at least the end of 09 and more possibly until 2011 when all of the Alt-A and option ARM’s start resetting.
No one can predict the bottom. All we can do is run the rent vs buy calculator to see if rent is still cheaper than buy. We can very well go into a flat line for the next 10-20 years or drop 50% in the 6 months and bounce back. No one can predict the future.
May 28, 2008 at 6:02 PM #213209Participantdid you read the part specific to bubble areas in that article?
This is not always in the case in all areas of San Diego, much less, California. If 10-14 is historic norm, area like Mira Mesa already have rent multiple as low as 13-14.A bottom will not be in until at least the end of 09 and more possibly until 2011 when all of the Alt-A and option ARM’s start resetting.
No one can predict the bottom. All we can do is run the rent vs buy calculator to see if rent is still cheaper than buy. We can very well go into a flat line for the next 10-20 years or drop 50% in the 6 months and bounce back. No one can predict the future.
May 28, 2008 at 6:02 PM #213234Participantdid you read the part specific to bubble areas in that article?
This is not always in the case in all areas of San Diego, much less, California. If 10-14 is historic norm, area like Mira Mesa already have rent multiple as low as 13-14.A bottom will not be in until at least the end of 09 and more possibly until 2011 when all of the Alt-A and option ARM’s start resetting.
No one can predict the bottom. All we can do is run the rent vs buy calculator to see if rent is still cheaper than buy. We can very well go into a flat line for the next 10-20 years or drop 50% in the 6 months and bounce back. No one can predict the future.
May 28, 2008 at 6:02 PM #213263Participantdid you read the part specific to bubble areas in that article?
This is not always in the case in all areas of San Diego, much less, California. If 10-14 is historic norm, area like Mira Mesa already have rent multiple as low as 13-14.A bottom will not be in until at least the end of 09 and more possibly until 2011 when all of the Alt-A and option ARM’s start resetting.
No one can predict the bottom. All we can do is run the rent vs buy calculator to see if rent is still cheaper than buy. We can very well go into a flat line for the next 10-20 years or drop 50% in the 6 months and bounce back. No one can predict the future.
May 28, 2008 at 8:11 PM #213171sdduuuude
ParticipantA couple more things to consider:
1) Renting provides flexibility. A forced sale in a down market can kill you. A forced move as a renter is easy.
2) Mortgages stop after 15 or 30 years. Rent goes on forever.
At some price point, you buy just to start building equity in real estate so that when you retire, you have no rent or mortgage payment.
3) Home prices always go up. Oh, no. Wait a minute …
May 28, 2008 at 8:11 PM #213248ParticipantA couple more things to consider:
1) Renting provides flexibility. A forced sale in a down market can kill you. A forced move as a renter is easy.
2) Mortgages stop after 15 or 30 years. Rent goes on forever.
At some price point, you buy just to start building equity in real estate so that when you retire, you have no rent or mortgage payment.
3) Home prices always go up. Oh, no. Wait a minute …
May 28, 2008 at 8:11 PM #213271ParticipantA couple more things to consider:
1) Renting provides flexibility. A forced sale in a down market can kill you. A forced move as a renter is easy.
2) Mortgages stop after 15 or 30 years. Rent goes on forever.
At some price point, you buy just to start building equity in real estate so that when you retire, you have no rent or mortgage payment.
3) Home prices always go up. Oh, no. Wait a minute …
May 28, 2008 at 8:11 PM #213299ParticipantA couple more things to consider:
1) Renting provides flexibility. A forced sale in a down market can kill you. A forced move as a renter is easy.
2) Mortgages stop after 15 or 30 years. Rent goes on forever.
At some price point, you buy just to start building equity in real estate so that when you retire, you have no rent or mortgage payment.
3) Home prices always go up. Oh, no. Wait a minute …
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