Home › Forums › Closed Forums › Buying and Selling RE › Thinking about jumping in….
- This topic has 345 replies, 28 voices, and was last updated 15 years, 10 months ago by NotCranky.
-
AuthorPosts
-
January 5, 2009 at 5:24 PM #324815January 5, 2009 at 5:45 PM #324353(former)FormerSanDieganParticipant
[quote=Ex-SD]
… Primarily in CA and rarely in any other part of the entire USA would you see people camp out to pay for ridiculously priced, tract homes, In fact, most people in the country have laughed at Californians when they would show footage of people camping out and standing in long lines. Like I said, it’s primarily a CA thing. [/quote]In CA we stand in line, wait in traffic and compete and wait in lines for lots of things including fish tacos. These things are not tolerated in the Midwest. They laugh at this.
In the Midwest they don’t think twice about warming up their car for 20 minutes, scraping ice off the windshield and sliding around one day and turning the air conditioner on three days later. This is not tolerated in CA. We laugh at that.
January 5, 2009 at 5:45 PM #324688(former)FormerSanDieganParticipant[quote=Ex-SD]
… Primarily in CA and rarely in any other part of the entire USA would you see people camp out to pay for ridiculously priced, tract homes, In fact, most people in the country have laughed at Californians when they would show footage of people camping out and standing in long lines. Like I said, it’s primarily a CA thing. [/quote]In CA we stand in line, wait in traffic and compete and wait in lines for lots of things including fish tacos. These things are not tolerated in the Midwest. They laugh at this.
In the Midwest they don’t think twice about warming up their car for 20 minutes, scraping ice off the windshield and sliding around one day and turning the air conditioner on three days later. This is not tolerated in CA. We laugh at that.
January 5, 2009 at 5:45 PM #324757(former)FormerSanDieganParticipant[quote=Ex-SD]
… Primarily in CA and rarely in any other part of the entire USA would you see people camp out to pay for ridiculously priced, tract homes, In fact, most people in the country have laughed at Californians when they would show footage of people camping out and standing in long lines. Like I said, it’s primarily a CA thing. [/quote]In CA we stand in line, wait in traffic and compete and wait in lines for lots of things including fish tacos. These things are not tolerated in the Midwest. They laugh at this.
In the Midwest they don’t think twice about warming up their car for 20 minutes, scraping ice off the windshield and sliding around one day and turning the air conditioner on three days later. This is not tolerated in CA. We laugh at that.
January 5, 2009 at 5:45 PM #324773(former)FormerSanDieganParticipant[quote=Ex-SD]
… Primarily in CA and rarely in any other part of the entire USA would you see people camp out to pay for ridiculously priced, tract homes, In fact, most people in the country have laughed at Californians when they would show footage of people camping out and standing in long lines. Like I said, it’s primarily a CA thing. [/quote]In CA we stand in line, wait in traffic and compete and wait in lines for lots of things including fish tacos. These things are not tolerated in the Midwest. They laugh at this.
In the Midwest they don’t think twice about warming up their car for 20 minutes, scraping ice off the windshield and sliding around one day and turning the air conditioner on three days later. This is not tolerated in CA. We laugh at that.
January 5, 2009 at 5:45 PM #324855(former)FormerSanDieganParticipant[quote=Ex-SD]
… Primarily in CA and rarely in any other part of the entire USA would you see people camp out to pay for ridiculously priced, tract homes, In fact, most people in the country have laughed at Californians when they would show footage of people camping out and standing in long lines. Like I said, it’s primarily a CA thing. [/quote]In CA we stand in line, wait in traffic and compete and wait in lines for lots of things including fish tacos. These things are not tolerated in the Midwest. They laugh at this.
In the Midwest they don’t think twice about warming up their car for 20 minutes, scraping ice off the windshield and sliding around one day and turning the air conditioner on three days later. This is not tolerated in CA. We laugh at that.
January 5, 2009 at 5:56 PM #324372Ex-SDParticipantYeah, but no one has to live in those extreme weather conditions. I lived in SD for 30 years but gave it up to move to South Carolina to ride out the economic storm. Although it’s not San Diego, our temperatures are reasonably comfortable most of the year (only July & August are not comfortable to me) since we live at the foot of the mountains about 50 miles below Asheville, NC.
During the 30 years that I lived in San Diego, I never stood in one of those lines but I knew more than a handful of people who did. Never understood it then and I really don’t understand the desire to buy in San Diego in the present economic climate. To each his/her own.January 5, 2009 at 5:56 PM #324708Ex-SDParticipantYeah, but no one has to live in those extreme weather conditions. I lived in SD for 30 years but gave it up to move to South Carolina to ride out the economic storm. Although it’s not San Diego, our temperatures are reasonably comfortable most of the year (only July & August are not comfortable to me) since we live at the foot of the mountains about 50 miles below Asheville, NC.
During the 30 years that I lived in San Diego, I never stood in one of those lines but I knew more than a handful of people who did. Never understood it then and I really don’t understand the desire to buy in San Diego in the present economic climate. To each his/her own.January 5, 2009 at 5:56 PM #324777Ex-SDParticipantYeah, but no one has to live in those extreme weather conditions. I lived in SD for 30 years but gave it up to move to South Carolina to ride out the economic storm. Although it’s not San Diego, our temperatures are reasonably comfortable most of the year (only July & August are not comfortable to me) since we live at the foot of the mountains about 50 miles below Asheville, NC.
During the 30 years that I lived in San Diego, I never stood in one of those lines but I knew more than a handful of people who did. Never understood it then and I really don’t understand the desire to buy in San Diego in the present economic climate. To each his/her own.January 5, 2009 at 5:56 PM #324793Ex-SDParticipantYeah, but no one has to live in those extreme weather conditions. I lived in SD for 30 years but gave it up to move to South Carolina to ride out the economic storm. Although it’s not San Diego, our temperatures are reasonably comfortable most of the year (only July & August are not comfortable to me) since we live at the foot of the mountains about 50 miles below Asheville, NC.
During the 30 years that I lived in San Diego, I never stood in one of those lines but I knew more than a handful of people who did. Never understood it then and I really don’t understand the desire to buy in San Diego in the present economic climate. To each his/her own.January 5, 2009 at 5:56 PM #324875Ex-SDParticipantYeah, but no one has to live in those extreme weather conditions. I lived in SD for 30 years but gave it up to move to South Carolina to ride out the economic storm. Although it’s not San Diego, our temperatures are reasonably comfortable most of the year (only July & August are not comfortable to me) since we live at the foot of the mountains about 50 miles below Asheville, NC.
During the 30 years that I lived in San Diego, I never stood in one of those lines but I knew more than a handful of people who did. Never understood it then and I really don’t understand the desire to buy in San Diego in the present economic climate. To each his/her own.January 5, 2009 at 5:57 PM #324378(former)FormerSanDieganParticipant[quote=capeman]
5) You know you will make out fine in a deep recession or even depression and the likely resulting losses in all asset classes you invest in. You won’t need to depend on these assets to make payments on the house in case of job loss.
[/quote]
So, if you have no job and all of your assets have been depleted, what resource would you use to make payments ?
I suppose the only way is having 100% of the loan balance in cash or paying cash for property.
If all Americans had this level of risk tolerance, we would all be serf-farmers working for the English Monarchy.
January 5, 2009 at 5:57 PM #324713(former)FormerSanDieganParticipant[quote=capeman]
5) You know you will make out fine in a deep recession or even depression and the likely resulting losses in all asset classes you invest in. You won’t need to depend on these assets to make payments on the house in case of job loss.
[/quote]
So, if you have no job and all of your assets have been depleted, what resource would you use to make payments ?
I suppose the only way is having 100% of the loan balance in cash or paying cash for property.
If all Americans had this level of risk tolerance, we would all be serf-farmers working for the English Monarchy.
January 5, 2009 at 5:57 PM #324782(former)FormerSanDieganParticipant[quote=capeman]
5) You know you will make out fine in a deep recession or even depression and the likely resulting losses in all asset classes you invest in. You won’t need to depend on these assets to make payments on the house in case of job loss.
[/quote]
So, if you have no job and all of your assets have been depleted, what resource would you use to make payments ?
I suppose the only way is having 100% of the loan balance in cash or paying cash for property.
If all Americans had this level of risk tolerance, we would all be serf-farmers working for the English Monarchy.
January 5, 2009 at 5:57 PM #324798(former)FormerSanDieganParticipant[quote=capeman]
5) You know you will make out fine in a deep recession or even depression and the likely resulting losses in all asset classes you invest in. You won’t need to depend on these assets to make payments on the house in case of job loss.
[/quote]
So, if you have no job and all of your assets have been depleted, what resource would you use to make payments ?
I suppose the only way is having 100% of the loan balance in cash or paying cash for property.
If all Americans had this level of risk tolerance, we would all be serf-farmers working for the English Monarchy.
-
AuthorPosts
- The forum ‘Buying and Selling RE’ is closed to new topics and replies.