This market has some real fundamental issues!

[jpinpb]

Question – Is waiting for the price of homes to adjust worth the wait when weighing in the fact you will be paying rent during the time you’re waiting. If we factor in the rent being paid all these years, probably would make more sense to buy a place sooner, before it got to bottom b/c whatever loss incurred will be canceled by the rent that would’ve had to have been paid anyway.

[NotCranky]

Making good deals in small time RE investing and being a macro-economics genius are not related to the extent many seem to think they are. Maybe this time is different and there is a never ending “spiral of death” that ruins even the “no brainers”. I don’t think that will happen for those who work the right types of deals in a niche that is appropriate to the day, Locally speaking, as in all real estate is local. People who can only push paper and are not comfortable with anything but suburban middle class neighborhoods are at a distinct disadvantage now. Making pronouncement based on that set of conditions is incorrect. Real estate is a great investment class if you are comfortable with the angle that works when it works and participating in it is within realm of your talents and means. There are places now in San Diego that work for some and always have been and always will be regardless of Macroeconomics, or whatever that word is. this is true whether on not I am in a position to participate. Sometimes I am, and sometimes I am not.I think that is true with other people bu too. Since their slim parameters don’t work, they condemn the whole investment class.

[NotCranky]

Making good deals in small time RE investing and being a macro-economics genius are not related to the extent many seem to think they are. Maybe this time is different and there is a never ending “spiral of death” that ruins even the “no brainers”. I don’t think that will happen for those who work the right types of deals in a niche that is appropriate to the day, Locally speaking, as in all real estate is local. People who can only push paper and are not comfortable with anything but suburban middle class neighborhoods are at a distinct disadvantage now. Making pronouncement based on that set of conditions is incorrect. Real estate is a great investment class if you are comfortable with the angle that works when it works and participating in it is within realm of your talents and means. There are places now in San Diego that work for some and always have been and always will be regardless of Macroeconomics, or whatever that word is. this is true whether on not I am in a position to participate. Sometimes I am, and sometimes I am not.I think that is true with other people bu too. Since their slim parameters don’t work, they condemn the whole investment class.

[NotCranky]

Making good deals in small time RE investing and being a macro-economics genius are not related to the extent many seem to think they are. Maybe this time is different and there is a never ending “spiral of death” that ruins even the “no brainers”. I don’t think that will happen for those who work the right types of deals in a niche that is appropriate to the day, Locally speaking, as in all real estate is local. People who can only push paper and are not comfortable with anything but suburban middle class neighborhoods are at a distinct disadvantage now. Making pronouncement based on that set of conditions is incorrect. Real estate is a great investment class if you are comfortable with the angle that works when it works and participating in it is within realm of your talents and means. There are places now in San Diego that work for some and always have been and always will be regardless of Macroeconomics, or whatever that word is. this is true whether on not I am in a position to participate. Sometimes I am, and sometimes I am not.I think that is true with other people bu too. Since their slim parameters don’t work, they condemn the whole investment class.

[NotCranky]

Making good deals in small time RE investing and being a macro-economics genius are not related to the extent many seem to think they are. Maybe this time is different and there is a never ending “spiral of death” that ruins even the “no brainers”. I don’t think that will happen for those who work the right types of deals in a niche that is appropriate to the day, Locally speaking, as in all real estate is local. People who can only push paper and are not comfortable with anything but suburban middle class neighborhoods are at a distinct disadvantage now. Making pronouncement based on that set of conditions is incorrect. Real estate is a great investment class if you are comfortable with the angle that works when it works and participating in it is within realm of your talents and means. There are places now in San Diego that work for some and always have been and always will be regardless of Macroeconomics, or whatever that word is. this is true whether on not I am in a position to participate. Sometimes I am, and sometimes I am not.I think that is true with other people bu too. Since their slim parameters don’t work, they condemn the whole investment class.

[NotCranky]

Making good deals in small time RE investing and being a macro-economics genius are not related to the extent many seem to think they are. Maybe this time is different and there is a never ending “spiral of death” that ruins even the “no brainers”. I don’t think that will happen for those who work the right types of deals in a niche that is appropriate to the day, Locally speaking, as in all real estate is local. People who can only push paper and are not comfortable with anything but suburban middle class neighborhoods are at a distinct disadvantage now. Making pronouncement based on that set of conditions is incorrect. Real estate is a great investment class if you are comfortable with the angle that works when it works and participating in it is within realm of your talents and means. There are places now in San Diego that work for some and always have been and always will be regardless of Macroeconomics, or whatever that word is. this is true whether on not I am in a position to participate. Sometimes I am, and sometimes I am not.I think that is true with other people bu too. Since their slim parameters don’t work, they condemn the whole investment class.

[cr]

I’m simply saying two things Rus-

1. For my financial situation, prices are not yet at the levels that I want to buy.

2. Factors at work in our economy – tightening lending standards, job losses, foreclosures, and so on – will lead to a prolonged period of correction.

That’s not to say there aren’t great deals hiding out there, but on average things aren’t where the numbers work for me yet. For some, I’m sure they do. Prices in my area have only dropped 20-25% or so.

jpinpb, to answer your question it depends what you pay in rent primarily. My rent is still far lower than I would pay to buy, another reason I am waiting a little longer, and I save the difference for a down payment. But I have considered buying something equivalent to my rent until what I want becomes affordable.

[cr]

I’m simply saying two things Rus-

1. For my financial situation, prices are not yet at the levels that I want to buy.

2. Factors at work in our economy – tightening lending standards, job losses, foreclosures, and so on – will lead to a prolonged period of correction.

That’s not to say there aren’t great deals hiding out there, but on average things aren’t where the numbers work for me yet. For some, I’m sure they do. Prices in my area have only dropped 20-25% or so.

jpinpb, to answer your question it depends what you pay in rent primarily. My rent is still far lower than I would pay to buy, another reason I am waiting a little longer, and I save the difference for a down payment. But I have considered buying something equivalent to my rent until what I want becomes affordable.

[cr]

I’m simply saying two things Rus-

1. For my financial situation, prices are not yet at the levels that I want to buy.

2. Factors at work in our economy – tightening lending standards, job losses, foreclosures, and so on – will lead to a prolonged period of correction.

That’s not to say there aren’t great deals hiding out there, but on average things aren’t where the numbers work for me yet. For some, I’m sure they do. Prices in my area have only dropped 20-25% or so.

jpinpb, to answer your question it depends what you pay in rent primarily. My rent is still far lower than I would pay to buy, another reason I am waiting a little longer, and I save the difference for a down payment. But I have considered buying something equivalent to my rent until what I want becomes affordable.

[cr]

I’m simply saying two things Rus-

1. For my financial situation, prices are not yet at the levels that I want to buy.

2. Factors at work in our economy – tightening lending standards, job losses, foreclosures, and so on – will lead to a prolonged period of correction.

That’s not to say there aren’t great deals hiding out there, but on average things aren’t where the numbers work for me yet. For some, I’m sure they do. Prices in my area have only dropped 20-25% or so.

jpinpb, to answer your question it depends what you pay in rent primarily. My rent is still far lower than I would pay to buy, another reason I am waiting a little longer, and I save the difference for a down payment. But I have considered buying something equivalent to my rent until what I want becomes affordable.

[cr]

I’m simply saying two things Rus-

1. For my financial situation, prices are not yet at the levels that I want to buy.

2. Factors at work in our economy – tightening lending standards, job losses, foreclosures, and so on – will lead to a prolonged period of correction.

That’s not to say there aren’t great deals hiding out there, but on average things aren’t where the numbers work for me yet. For some, I’m sure they do. Prices in my area have only dropped 20-25% or so.

jpinpb, to answer your question it depends what you pay in rent primarily. My rent is still far lower than I would pay to buy, another reason I am waiting a little longer, and I save the difference for a down payment. But I have considered buying something equivalent to my rent until what I want becomes affordable.

[NotCranky]

Coop,
I think what you are saying in points, 1 and 2 above,is fine. I don’t disagree with how you handling your situation, as you posted about it either.

[NotCranky]

Coop,
I think what you are saying in points, 1 and 2 above,is fine. I don’t disagree with how you handling your situation, as you posted about it either.

[NotCranky]

Coop,
I think what you are saying in points, 1 and 2 above,is fine. I don’t disagree with how you handling your situation, as you posted about it either.

[NotCranky]

Coop,
I think what you are saying in points, 1 and 2 above,is fine. I don’t disagree with how you handling your situation, as you posted about it either.

[Author]

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