- This topic has 105 replies, 14 voices, and was last updated 16 years, 2 months ago by
La Jolla Renter.
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December 4, 2008 at 9:09 PM #312085December 4, 2008 at 10:12 PM #311627
poorsaver
ParticipantKudos on your research, svelte, yes I used to be cashman. After Bernanke and Co. started lowering rates, my 5% on the 2 mil was getting more elusive. I’m lucky to find 4% nowadays. Spread over several accounts, I’m averaging about 3.6%. So, thanks to the policies of our government, I am now a poor saver.
You’re right, who needs a 7700 sf. house, especially if they’re single. 3800 sf does just fine.
December 4, 2008 at 10:12 PM #311987poorsaver
ParticipantKudos on your research, svelte, yes I used to be cashman. After Bernanke and Co. started lowering rates, my 5% on the 2 mil was getting more elusive. I’m lucky to find 4% nowadays. Spread over several accounts, I’m averaging about 3.6%. So, thanks to the policies of our government, I am now a poor saver.
You’re right, who needs a 7700 sf. house, especially if they’re single. 3800 sf does just fine.
December 4, 2008 at 10:12 PM #312016poorsaver
ParticipantKudos on your research, svelte, yes I used to be cashman. After Bernanke and Co. started lowering rates, my 5% on the 2 mil was getting more elusive. I’m lucky to find 4% nowadays. Spread over several accounts, I’m averaging about 3.6%. So, thanks to the policies of our government, I am now a poor saver.
You’re right, who needs a 7700 sf. house, especially if they’re single. 3800 sf does just fine.
December 4, 2008 at 10:12 PM #312039poorsaver
ParticipantKudos on your research, svelte, yes I used to be cashman. After Bernanke and Co. started lowering rates, my 5% on the 2 mil was getting more elusive. I’m lucky to find 4% nowadays. Spread over several accounts, I’m averaging about 3.6%. So, thanks to the policies of our government, I am now a poor saver.
You’re right, who needs a 7700 sf. house, especially if they’re single. 3800 sf does just fine.
December 4, 2008 at 10:12 PM #312105poorsaver
ParticipantKudos on your research, svelte, yes I used to be cashman. After Bernanke and Co. started lowering rates, my 5% on the 2 mil was getting more elusive. I’m lucky to find 4% nowadays. Spread over several accounts, I’m averaging about 3.6%. So, thanks to the policies of our government, I am now a poor saver.
You’re right, who needs a 7700 sf. house, especially if they’re single. 3800 sf does just fine.
December 5, 2008 at 8:14 AM #311743eyePod
ParticipantPS, you haven’t done poorly. Sounds more like you need to buy yourself a house.
December 5, 2008 at 8:14 AM #312102eyePod
ParticipantPS, you haven’t done poorly. Sounds more like you need to buy yourself a house.
December 5, 2008 at 8:14 AM #312131eyePod
ParticipantPS, you haven’t done poorly. Sounds more like you need to buy yourself a house.
December 5, 2008 at 8:14 AM #312154eyePod
ParticipantPS, you haven’t done poorly. Sounds more like you need to buy yourself a house.
December 5, 2008 at 8:14 AM #312220eyePod
ParticipantPS, you haven’t done poorly. Sounds more like you need to buy yourself a house.
December 5, 2008 at 12:32 PM #311893ocrenter
Participant$2 million in savings at 3.6% is still $72k per year, or $216k during the last 3 years, of which $101k went for rent, so you are positive $115k over the last 3 years.
you know The Country will be one of the last to fall in value. Due to #1, LA is at least 1-2 years behind SD. and #2, the Asian factor, which does delay the crash some more.
it is safe to assume most of SD have already experienced 30% drop from peak (except isolated coastal pockets). The fact that your target area has already seen 15% drop is quite encouraging for you. you are likely to see another 15% drop in value in your neck of the woods come 2009.
but unfortunately, if you want to fully realize your profits from the “sell and rent” strategy, you can’t buy until 2011. That’s 4 years from the 2007 peak you mentioned previously.
This is the perfect example of how good neighborhoods hold up value and keep peaking and crash late.
December 5, 2008 at 12:32 PM #312251ocrenter
Participant$2 million in savings at 3.6% is still $72k per year, or $216k during the last 3 years, of which $101k went for rent, so you are positive $115k over the last 3 years.
you know The Country will be one of the last to fall in value. Due to #1, LA is at least 1-2 years behind SD. and #2, the Asian factor, which does delay the crash some more.
it is safe to assume most of SD have already experienced 30% drop from peak (except isolated coastal pockets). The fact that your target area has already seen 15% drop is quite encouraging for you. you are likely to see another 15% drop in value in your neck of the woods come 2009.
but unfortunately, if you want to fully realize your profits from the “sell and rent” strategy, you can’t buy until 2011. That’s 4 years from the 2007 peak you mentioned previously.
This is the perfect example of how good neighborhoods hold up value and keep peaking and crash late.
December 5, 2008 at 12:32 PM #312282ocrenter
Participant$2 million in savings at 3.6% is still $72k per year, or $216k during the last 3 years, of which $101k went for rent, so you are positive $115k over the last 3 years.
you know The Country will be one of the last to fall in value. Due to #1, LA is at least 1-2 years behind SD. and #2, the Asian factor, which does delay the crash some more.
it is safe to assume most of SD have already experienced 30% drop from peak (except isolated coastal pockets). The fact that your target area has already seen 15% drop is quite encouraging for you. you are likely to see another 15% drop in value in your neck of the woods come 2009.
but unfortunately, if you want to fully realize your profits from the “sell and rent” strategy, you can’t buy until 2011. That’s 4 years from the 2007 peak you mentioned previously.
This is the perfect example of how good neighborhoods hold up value and keep peaking and crash late.
December 5, 2008 at 12:32 PM #312303ocrenter
Participant$2 million in savings at 3.6% is still $72k per year, or $216k during the last 3 years, of which $101k went for rent, so you are positive $115k over the last 3 years.
you know The Country will be one of the last to fall in value. Due to #1, LA is at least 1-2 years behind SD. and #2, the Asian factor, which does delay the crash some more.
it is safe to assume most of SD have already experienced 30% drop from peak (except isolated coastal pockets). The fact that your target area has already seen 15% drop is quite encouraging for you. you are likely to see another 15% drop in value in your neck of the woods come 2009.
but unfortunately, if you want to fully realize your profits from the “sell and rent” strategy, you can’t buy until 2011. That’s 4 years from the 2007 peak you mentioned previously.
This is the perfect example of how good neighborhoods hold up value and keep peaking and crash late.
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