Upper MId to Lower High End Market in NCC

[sdrealtor]

I know my way isnt perfect nor is it for everyone and I dont expect others to have the same values. Its my way and thats the way I live my life, always have. My friends still laugh at my HS yearbook quote which fit me to a tee then and still does. Its from The Animals song “Its My Life”. Thats me. Know the song?

[ocrenter]

[quote=sdrealtor]ocr,
Good example on Levante. I’ll bet by now you are probably even agreeing me on my commnets back when you bought that you grabbed a great deal that would be difficult to replicate. Of course some folks may have paid similarly good prices but have you seen a single property that made you say WOW I wish I bought that one instead of the one I got? Probably not. Congrats and as I said when you got it, you are a BIG winner![/quote]

thanks for the compliment.

Yes, my deal was difficult to replicate en mass, but was not mission impossible. as long as one has the income, the credit, the “house money,” willingness to be open minded to newer communities, willingness to not be so “coastal-bound,” and be realistic with pricing, there have been some very decent deals I’ve seen in various newer premium areas over the last couple of years.

[ocrenter]

[quote=sdrealtor]ocr,
Good example on Levante. I’ll bet by now you are probably even agreeing me on my commnets back when you bought that you grabbed a great deal that would be difficult to replicate. Of course some folks may have paid similarly good prices but have you seen a single property that made you say WOW I wish I bought that one instead of the one I got? Probably not. Congrats and as I said when you got it, you are a BIG winner![/quote]

thanks for the compliment.

Yes, my deal was difficult to replicate en mass, but was not mission impossible. as long as one has the income, the credit, the “house money,” willingness to be open minded to newer communities, willingness to not be so “coastal-bound,” and be realistic with pricing, there have been some very decent deals I’ve seen in various newer premium areas over the last couple of years.

[ocrenter]

[quote=sdrealtor]ocr,
Good example on Levante. I’ll bet by now you are probably even agreeing me on my commnets back when you bought that you grabbed a great deal that would be difficult to replicate. Of course some folks may have paid similarly good prices but have you seen a single property that made you say WOW I wish I bought that one instead of the one I got? Probably not. Congrats and as I said when you got it, you are a BIG winner![/quote]

thanks for the compliment.

Yes, my deal was difficult to replicate en mass, but was not mission impossible. as long as one has the income, the credit, the “house money,” willingness to be open minded to newer communities, willingness to not be so “coastal-bound,” and be realistic with pricing, there have been some very decent deals I’ve seen in various newer premium areas over the last couple of years.

[ocrenter]

[quote=sdrealtor]ocr,
Good example on Levante. I’ll bet by now you are probably even agreeing me on my commnets back when you bought that you grabbed a great deal that would be difficult to replicate. Of course some folks may have paid similarly good prices but have you seen a single property that made you say WOW I wish I bought that one instead of the one I got? Probably not. Congrats and as I said when you got it, you are a BIG winner![/quote]

thanks for the compliment.

Yes, my deal was difficult to replicate en mass, but was not mission impossible. as long as one has the income, the credit, the “house money,” willingness to be open minded to newer communities, willingness to not be so “coastal-bound,” and be realistic with pricing, there have been some very decent deals I’ve seen in various newer premium areas over the last couple of years.

[ocrenter]

[quote=sdrealtor]ocr,
Good example on Levante. I’ll bet by now you are probably even agreeing me on my commnets back when you bought that you grabbed a great deal that would be difficult to replicate. Of course some folks may have paid similarly good prices but have you seen a single property that made you say WOW I wish I bought that one instead of the one I got? Probably not. Congrats and as I said when you got it, you are a BIG winner![/quote]

thanks for the compliment.

Yes, my deal was difficult to replicate en mass, but was not mission impossible. as long as one has the income, the credit, the “house money,” willingness to be open minded to newer communities, willingness to not be so “coastal-bound,” and be realistic with pricing, there have been some very decent deals I’ve seen in various newer premium areas over the last couple of years.

[ocrenter]

[quote=CA renter]

OCR,

The house at 2343 (w/2345) is a duplex with two 3/2 units on either side. The house at 2519 Levante was effectively a 3/2 (downstairs) with a *very nice* loft upstairs, but it is a 3/2 SFH (we had made an offer on it). The duplex would have been the better deal, and I believe the buyer of 2519 overpaid and will lose money if they need to sell it within the next ten years (obviously, they outbid us by a large margin).

The bolded part of your post is very important here, IMHO. This is exactly what I was referring to in my response to sdr — when interest rates are this low for this long, savers/cash holders will be MUCH more willing to part with their money than in a higher rate environment. Everyone who is throwing money around today is making a bet that interest rates will stay low for the duration, and/or are betting on inflation. I honestly see both sides of the inflation/deflation debate, and have always been conflicted about it. Right now, our position is entirely unhedged in favor of deflation (all cash), but I’d be lying if I said it doesn’t worry me.[/quote]

CAR, if you take a recently closed home with $/sqft close to $200, you’ll see the same result if it was sold in 2000.

as for inflation, this country’s survival will depend on inflation and low interest rate. without the low interest rate, the debt will simply be so overwhelming that we would go BK.

[ocrenter]

[quote=CA renter]

OCR,

The house at 2343 (w/2345) is a duplex with two 3/2 units on either side. The house at 2519 Levante was effectively a 3/2 (downstairs) with a *very nice* loft upstairs, but it is a 3/2 SFH (we had made an offer on it). The duplex would have been the better deal, and I believe the buyer of 2519 overpaid and will lose money if they need to sell it within the next ten years (obviously, they outbid us by a large margin).

The bolded part of your post is very important here, IMHO. This is exactly what I was referring to in my response to sdr — when interest rates are this low for this long, savers/cash holders will be MUCH more willing to part with their money than in a higher rate environment. Everyone who is throwing money around today is making a bet that interest rates will stay low for the duration, and/or are betting on inflation. I honestly see both sides of the inflation/deflation debate, and have always been conflicted about it. Right now, our position is entirely unhedged in favor of deflation (all cash), but I’d be lying if I said it doesn’t worry me.[/quote]

CAR, if you take a recently closed home with $/sqft close to $200, you’ll see the same result if it was sold in 2000.

as for inflation, this country’s survival will depend on inflation and low interest rate. without the low interest rate, the debt will simply be so overwhelming that we would go BK.

[ocrenter]

[quote=CA renter]

OCR,

The house at 2343 (w/2345) is a duplex with two 3/2 units on either side. The house at 2519 Levante was effectively a 3/2 (downstairs) with a *very nice* loft upstairs, but it is a 3/2 SFH (we had made an offer on it). The duplex would have been the better deal, and I believe the buyer of 2519 overpaid and will lose money if they need to sell it within the next ten years (obviously, they outbid us by a large margin).

The bolded part of your post is very important here, IMHO. This is exactly what I was referring to in my response to sdr — when interest rates are this low for this long, savers/cash holders will be MUCH more willing to part with their money than in a higher rate environment. Everyone who is throwing money around today is making a bet that interest rates will stay low for the duration, and/or are betting on inflation. I honestly see both sides of the inflation/deflation debate, and have always been conflicted about it. Right now, our position is entirely unhedged in favor of deflation (all cash), but I’d be lying if I said it doesn’t worry me.[/quote]

CAR, if you take a recently closed home with $/sqft close to $200, you’ll see the same result if it was sold in 2000.

as for inflation, this country’s survival will depend on inflation and low interest rate. without the low interest rate, the debt will simply be so overwhelming that we would go BK.

[ocrenter]

[quote=CA renter]

OCR,

The house at 2343 (w/2345) is a duplex with two 3/2 units on either side. The house at 2519 Levante was effectively a 3/2 (downstairs) with a *very nice* loft upstairs, but it is a 3/2 SFH (we had made an offer on it). The duplex would have been the better deal, and I believe the buyer of 2519 overpaid and will lose money if they need to sell it within the next ten years (obviously, they outbid us by a large margin).

The bolded part of your post is very important here, IMHO. This is exactly what I was referring to in my response to sdr — when interest rates are this low for this long, savers/cash holders will be MUCH more willing to part with their money than in a higher rate environment. Everyone who is throwing money around today is making a bet that interest rates will stay low for the duration, and/or are betting on inflation. I honestly see both sides of the inflation/deflation debate, and have always been conflicted about it. Right now, our position is entirely unhedged in favor of deflation (all cash), but I’d be lying if I said it doesn’t worry me.[/quote]

CAR, if you take a recently closed home with $/sqft close to $200, you’ll see the same result if it was sold in 2000.

as for inflation, this country’s survival will depend on inflation and low interest rate. without the low interest rate, the debt will simply be so overwhelming that we would go BK.

[ocrenter]

[quote=CA renter]

OCR,

The house at 2343 (w/2345) is a duplex with two 3/2 units on either side. The house at 2519 Levante was effectively a 3/2 (downstairs) with a *very nice* loft upstairs, but it is a 3/2 SFH (we had made an offer on it). The duplex would have been the better deal, and I believe the buyer of 2519 overpaid and will lose money if they need to sell it within the next ten years (obviously, they outbid us by a large margin).

The bolded part of your post is very important here, IMHO. This is exactly what I was referring to in my response to sdr — when interest rates are this low for this long, savers/cash holders will be MUCH more willing to part with their money than in a higher rate environment. Everyone who is throwing money around today is making a bet that interest rates will stay low for the duration, and/or are betting on inflation. I honestly see both sides of the inflation/deflation debate, and have always been conflicted about it. Right now, our position is entirely unhedged in favor of deflation (all cash), but I’d be lying if I said it doesn’t worry me.[/quote]

CAR, if you take a recently closed home with $/sqft close to $200, you’ll see the same result if it was sold in 2000.

as for inflation, this country’s survival will depend on inflation and low interest rate. without the low interest rate, the debt will simply be so overwhelming that we would go BK.

[briansd1]

[quote=ocrenter]
as for inflation, this country’s survival will depend on inflation and low interest rate. without the low interest rate, the debt will simply be so overwhelming that we would go BK.[/quote]

I agree with you.

I however wonder how they will engineer inflation and low interest rates at the same time.

[briansd1]

[quote=ocrenter]
as for inflation, this country’s survival will depend on inflation and low interest rate. without the low interest rate, the debt will simply be so overwhelming that we would go BK.[/quote]

I agree with you.

I however wonder how they will engineer inflation and low interest rates at the same time.

[briansd1]

[quote=ocrenter]
as for inflation, this country’s survival will depend on inflation and low interest rate. without the low interest rate, the debt will simply be so overwhelming that we would go BK.[/quote]

I agree with you.

I however wonder how they will engineer inflation and low interest rates at the same time.

[briansd1]

[quote=ocrenter]
as for inflation, this country’s survival will depend on inflation and low interest rate. without the low interest rate, the debt will simply be so overwhelming that we would go BK.[/quote]

I agree with you.

I however wonder how they will engineer inflation and low interest rates at the same time.

[Author]

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