“The Subprime Blame Game: Where Were the Realtors?”

[Anonymous]

I am looking for a good agent like you please see my comment posted.

thanks

[XBoxBoy]

Listen to your own advice!

Abbey, that’s the best advice I think any of us can give you! You said it yourself. Most of the market has not corrected. And I’d add that particularly the top end of the market has not corrected.

Given that the dollar is still falling, that the housing market has still got a lot of correcting to do, why buy anything? Why catch a falling knife? And for God’s sake why listen to this realtor that keeps calling you and that you can see is just looking out for himself?

Abbey, you sound like you’ve got a lot of this figured out already. Don’t rush into anything. You’ll only be able to get something better the longer you wait. Don’t let anyone tell you that you need to buy now, or it’s going to go up. It will sit at the bottom for a long time before you “need” to make your move. Things change very slowly in real estate.

XBoxBoy

[XBoxBoy]

Listen to your own advice!

Abbey, that’s the best advice I think any of us can give you! You said it yourself. Most of the market has not corrected. And I’d add that particularly the top end of the market has not corrected.

Given that the dollar is still falling, that the housing market has still got a lot of correcting to do, why buy anything? Why catch a falling knife? And for God’s sake why listen to this realtor that keeps calling you and that you can see is just looking out for himself?

Abbey, you sound like you’ve got a lot of this figured out already. Don’t rush into anything. You’ll only be able to get something better the longer you wait. Don’t let anyone tell you that you need to buy now, or it’s going to go up. It will sit at the bottom for a long time before you “need” to make your move. Things change very slowly in real estate.

XBoxBoy

[JWM in SD]

“He told me that I should not listen to the news, it’s crap and this blog here… people do not know what they are talking about.”

Abbey, did he specifically say that this site is crap??? I ask because there have been a number of trolls posting here over the past six months. I honestly think this site is closely monitored by realtors and the like.

[JWM in SD]

“He told me that I should not listen to the news, it’s crap and this blog here… people do not know what they are talking about.”

Abbey, did he specifically say that this site is crap??? I ask because there have been a number of trolls posting here over the past six months. I honestly think this site is closely monitored by realtors and the like.

[NotCranky]

C’mon xbox, I think Raybyrnes almost had a client.

Abbey you said this…I came back last year and waiting for the market correction with cdn dollar 1.03 cnd to 1 usd. This is the first time in 50 years I believe. This makes it affordable for me to buy.

Do you expect this not to last? How about other posters?
I am sure that your situation is very interesting to many posters here Abbey. They might not be following this thread though.

Perhaps you can post a thread “My Family is Canadian and we are thinking of buying in California”? describe how long you have waited and the exhcahnge rate situation.

[NotCranky]

C’mon xbox, I think Raybyrnes almost had a client.

Abbey you said this…I came back last year and waiting for the market correction with cdn dollar 1.03 cnd to 1 usd. This is the first time in 50 years I believe. This makes it affordable for me to buy.

Do you expect this not to last? How about other posters?
I am sure that your situation is very interesting to many posters here Abbey. They might not be following this thread though.

Perhaps you can post a thread “My Family is Canadian and we are thinking of buying in California”? describe how long you have waited and the exhcahnge rate situation.

[Raybyrnes]

Sorry Rustico,

I have nothing to do with ren addredal esate and not looking for clients off this site.

I will say this mouch. For a foreign investor they not only have to guage the housing market but also have to play the currency exchange.

What would the scenario look like if the Canadian Currency currency began to go in the other direction. For this you need to be able to determine velocity of change and compare housing vs currency. Someone else can do the mathon that one.

[Raybyrnes]

Sorry Rustico,

I have nothing to do with ren addredal esate and not looking for clients off this site.

I will say this mouch. For a foreign investor they not only have to guage the housing market but also have to play the currency exchange.

What would the scenario look like if the Canadian Currency currency began to go in the other direction. For this you need to be able to determine velocity of change and compare housing vs currency. Someone else can do the mathon that one.

[NotCranky]

Obviously I was kidding Ray. You have done such a good job describing the situation of realtor reponsiblity to clients and Abbey didn’t say who she was referring to so I thought you fit the bill.

[NotCranky]

Obviously I was kidding Ray. You have done such a good job describing the situation of realtor reponsiblity to clients and Abbey didn’t say who she was referring to so I thought you fit the bill.

[Anonymous]

My family is Canadian!. I am looking to buy into California just in May of this year seriously after so many visit to the States. I love the California Sun and lifestyle except for the guns and earthquake but it’s still overshadow to the sun you all got in California. I lived in Canada for over 30 years, every year seems to be colder and colder. I have had enough of the weather! I want some where warm so that eventually that we could retire and have a good quality of life for our kids. Living here means that we could buy health insurance for 3500 cdn/year for our family. It’s very affordable considering the tax we pay in Canada 57% tax and 14% on goods (after you pay the taxes that you take home). Canada is a good country, I feel safe here but dispise the weather so much!

I did not expect the usd dollar to drop so much. Banks in Canada are predicting 1.05-1.07 to 1 usd. I just expected the housing downturn because it was a natural way to be. Everything goes up must goes down! I honestly believed that the housing would slump in 2004. Therefore, I did not speculate in the housing market instead it shot up. I have cashed in my house 2007 and made a gain and waiting for the right time to buy. I am not looking to buy immediately because I am not currently in the US, I have told my agent that not till summer 2008 when my kids are off school then I can be there to look. I am narrowing down the areas for research. I am not rushing into anything, I have waited this long and can wait longer. Infact, the longer I wait the better it would be. Like some of you have mentioned. I just need help with narrowing the areas. I know many Canadians friends of mine have mentioned going down south to buy!

Thanks

abbey

[Anonymous]

My family is Canadian!. I am looking to buy into California just in May of this year seriously after so many visit to the States. I love the California Sun and lifestyle except for the guns and earthquake but it’s still overshadow to the sun you all got in California. I lived in Canada for over 30 years, every year seems to be colder and colder. I have had enough of the weather! I want some where warm so that eventually that we could retire and have a good quality of life for our kids. Living here means that we could buy health insurance for 3500 cdn/year for our family. It’s very affordable considering the tax we pay in Canada 57% tax and 14% on goods (after you pay the taxes that you take home). Canada is a good country, I feel safe here but dispise the weather so much!

I did not expect the usd dollar to drop so much. Banks in Canada are predicting 1.05-1.07 to 1 usd. I just expected the housing downturn because it was a natural way to be. Everything goes up must goes down! I honestly believed that the housing would slump in 2004. Therefore, I did not speculate in the housing market instead it shot up. I have cashed in my house 2007 and made a gain and waiting for the right time to buy. I am not looking to buy immediately because I am not currently in the US, I have told my agent that not till summer 2008 when my kids are off school then I can be there to look. I am narrowing down the areas for research. I am not rushing into anything, I have waited this long and can wait longer. Infact, the longer I wait the better it would be. Like some of you have mentioned. I just need help with narrowing the areas. I know many Canadians friends of mine have mentioned going down south to buy!

Thanks

abbey

[NotCranky]

I am looking for a home!
My husband wants to buy a home in Irvine, Tustin, or Orange, but I like San Diego. Where would you buy???

San Diego of course as long as my wife allows me to decide.
Fortunately she wants to be here as much as I do. we live in a semi-rural setting about 45 minutes from downtown SD. My wife speaks french BTW . I wanted her to post for me and make everyone believe I was tri-lingual but she went to do errands and left me with my 3 year old to fix the space shuttle(re-route pipes under the house for the laundry).

You really understand things well, although many people here think anytime in 2008 will be to early to get some of the best deals. I don’t agree but will gladly admit that I am wrong when the time comes.

If you post more about your plans for the future specifically what types of properties you like, I think you will get some exhange of ideas from the blog. I know I keep saying that and not much is happening. Some periods of time are slow. Many people link to the listings they find at other websites,SDLookup.com is good because it doesn’t require registration.

I do recommend again that you start a new thread. Many people have probably already decided this thread is boring or even pathetic.(not because of you of course, but the earlier stuff)

Best wishes

[NotCranky]

I am looking for a home!
My husband wants to buy a home in Irvine, Tustin, or Orange, but I like San Diego. Where would you buy???

San Diego of course as long as my wife allows me to decide.
Fortunately she wants to be here as much as I do. we live in a semi-rural setting about 45 minutes from downtown SD. My wife speaks french BTW . I wanted her to post for me and make everyone believe I was tri-lingual but she went to do errands and left me with my 3 year old to fix the space shuttle(re-route pipes under the house for the laundry).

You really understand things well, although many people here think anytime in 2008 will be to early to get some of the best deals. I don’t agree but will gladly admit that I am wrong when the time comes.

If you post more about your plans for the future specifically what types of properties you like, I think you will get some exhange of ideas from the blog. I know I keep saying that and not much is happening. Some periods of time are slow. Many people link to the listings they find at other websites,SDLookup.com is good because it doesn’t require registration.

I do recommend again that you start a new thread. Many people have probably already decided this thread is boring or even pathetic.(not because of you of course, but the earlier stuff)

Best wishes

[Author]

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