Who are the buyers in San Diego now?

[PD]

Alex, Alex, Alex. No more of this “throwing away money on rent” garbage, please.

I don’t think I’ve met anyone who managed to build wealth while having their net worth grow smaller every month.

[Alex_angel]

It is pure throwing away money. I rented for 5 years and paid a little over $100k in rent and what did I have to show for it? Why equity did I have? Couple that with the lack of tax breaks I got I paid out almost $200k for nothing! believe what you want but renting is a suckers deal.

[Alex_angel]

It is pure throwing away money. I rented for 5 years and paid a little over $100k in rent and what did I have to show for it? Why equity did I have? Couple that with the lack of tax breaks I got I paid out almost $200k for nothing! believe what you want but renting is a suckers deal.

[PD]

Renting is a suckers deal in an appreciating market. That market is over and we are on the other side of the coin, my friend. I was an owner during the upside and reaped the rewards. Now I’m a renter and I’m reaping the rewards.

[PD]

Renting is a suckers deal in an appreciating market. That market is over and we are on the other side of the coin, my friend. I was an owner during the upside and reaped the rewards. Now I’m a renter and I’m reaping the rewards.

[NotCranky]

“Families don’t care. they lock in a price and know what the next 30 years will bring.”
Yeah, besides family homes never go into foreclosure.

[NotCranky]

“Families don’t care. they lock in a price and know what the next 30 years will bring.”
Yeah, besides family homes never go into foreclosure.

[PD]

Here is a little story:
So this guy called Alex went to Vegas every year from 2001 to 2006. Each time he put his rent money down on red at the roulette wheel. It came up black. This year he is determined to put his money on black because he was wrong five years in a row. So what is going to happen this year, do you think?

[PD]

Here is a little story:
So this guy called Alex went to Vegas every year from 2001 to 2006. Each time he put his rent money down on red at the roulette wheel. It came up black. This year he is determined to put his money on black because he was wrong five years in a row. So what is going to happen this year, do you think?

[34f3f3f]

Patience has taught me that the waiting game takes on an entirely different complexion, if you add the condition ‘unless’. Unless the market corrects to an acceptable level, I will seek alternatives. That removes the uncertainty of “if and when”, which gnaws away at our sanity. For many, I guess ‘alternatives’ are a palliative and not a cure, or they are simply not palatable.

If it wasn’t for the internet I wonder how savvy some or most of us would be. Maybe a portion of the people who are still buying are those who don’t have the time to research the market as thoroughly as others. But I defy anyone to stand back from the situation and given the facts, not question whether paying more than something is worth is rational. If I said in 2009 you will have to pay $50,000 for a $25,000 car, I wonder how many people would accept that unquestioningly.

[34f3f3f]

Patience has taught me that the waiting game takes on an entirely different complexion, if you add the condition ‘unless’. Unless the market corrects to an acceptable level, I will seek alternatives. That removes the uncertainty of “if and when”, which gnaws away at our sanity. For many, I guess ‘alternatives’ are a palliative and not a cure, or they are simply not palatable.

If it wasn’t for the internet I wonder how savvy some or most of us would be. Maybe a portion of the people who are still buying are those who don’t have the time to research the market as thoroughly as others. But I defy anyone to stand back from the situation and given the facts, not question whether paying more than something is worth is rational. If I said in 2009 you will have to pay $50,000 for a $25,000 car, I wonder how many people would accept that unquestioningly.

[recordsclerk]

Renting is a suckers deal, but not in a declining market. For once I have to agree that renting is better then buying. Buying is still better then renting overall and buying for stability for family is a sound investment.

[recordsclerk]

Renting is a suckers deal, but not in a declining market. For once I have to agree that renting is better then buying. Buying is still better then renting overall and buying for stability for family is a sound investment.

[myito]

Renting does suck. I own a condo in LA that I bought in 1996 and I have tenants in it and they are paying 3-4x my mortgage and they rented when homes were selling much lower. Had they bought the same condo their payment would have been less than their rent.

For those who are interested, I enjoy the dialogue here and that is why I continue to post/visit. One will never be truly informed if they don’t hear all perspectives.

Thanks for the spirit that continues.

[myito]

Renting does suck. I own a condo in LA that I bought in 1996 and I have tenants in it and they are paying 3-4x my mortgage and they rented when homes were selling much lower. Had they bought the same condo their payment would have been less than their rent.

For those who are interested, I enjoy the dialogue here and that is why I continue to post/visit. One will never be truly informed if they don’t hear all perspectives.

Thanks for the spirit that continues.

[Author]

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