Why are you here?

[AK]

I’ve been registered here for 2.5 years and lurked for a while before that.

I’ve spent the last decade with my life “on hold” because of the ups and downs of the housing market. I’d originally hoped to buy around 2000-2001 but that was derailed by the dot-com bust. At the start of the RE bubble I decided the gains were unsupported by economic fundamentals, and figured I would pick up a nice REO around … 2004 or so. As the bubble neared its peak I decided the market had hit a “permanently high plateau” but changed my mind yet again in ’05 as prices went from outrageous to ridiculous.

Around that time I started researching the subject in earnest … found some of the early sites like AFB, Patrick.net and Piggington. I have to thank Rich and other pioneers for spreading the word and arming us against the onslaught of REIC propaganda. Wish I’d managed to convince more friends and family that the bubble would have an unhappy ending.

I hope to buy as soon as I find something I like at a reasonable price. My standards of “like” have fallen as my standards of “reasonable price” have inched upward, but I’m doing my best to stay hopeful.

Now that many of us are actively looking I suspect we’ll turn into an emotional support group of sorts … I had no idea the house-hunting process exacted such an emotional toll, and changed one’s outlook on life in so many ways.

[Mark Holmes]

[quote=WestCoastNole]I’m here because I love living in San Diego and want to buy a house here, but I am confident that house prices are going to continue to fall off a cliff, and I am waiting for the prices to fall to a sane level in a neighborhood that I would like to live for the long term … I find some amount of comfort in the fact that there are other like minded piggs out there that don’t believe all of the realtor (and government) happy talk and understand that at the end of the day house prices above 2-3 times income are not sustainable and will eventually fall back to that.

– RT[/quote]
Yep. My thoughts exactly.

I’m starting to give up on the idea of buying now, though, unless prices fall enough so a 20-year mortgage is feasible. I mean, I’m 41 now. Why buy when the house wouldn’t be paid off until I’m in my mid-70s?

[Mark Holmes]

[quote=WestCoastNole]I’m here because I love living in San Diego and want to buy a house here, but I am confident that house prices are going to continue to fall off a cliff, and I am waiting for the prices to fall to a sane level in a neighborhood that I would like to live for the long term … I find some amount of comfort in the fact that there are other like minded piggs out there that don’t believe all of the realtor (and government) happy talk and understand that at the end of the day house prices above 2-3 times income are not sustainable and will eventually fall back to that.

– RT[/quote]
Yep. My thoughts exactly.

I’m starting to give up on the idea of buying now, though, unless prices fall enough so a 20-year mortgage is feasible. I mean, I’m 41 now. Why buy when the house wouldn’t be paid off until I’m in my mid-70s?

[Mark Holmes]

[quote=WestCoastNole]I’m here because I love living in San Diego and want to buy a house here, but I am confident that house prices are going to continue to fall off a cliff, and I am waiting for the prices to fall to a sane level in a neighborhood that I would like to live for the long term … I find some amount of comfort in the fact that there are other like minded piggs out there that don’t believe all of the realtor (and government) happy talk and understand that at the end of the day house prices above 2-3 times income are not sustainable and will eventually fall back to that.

– RT[/quote]
Yep. My thoughts exactly.

I’m starting to give up on the idea of buying now, though, unless prices fall enough so a 20-year mortgage is feasible. I mean, I’m 41 now. Why buy when the house wouldn’t be paid off until I’m in my mid-70s?

[Mark Holmes]

[quote=WestCoastNole]I’m here because I love living in San Diego and want to buy a house here, but I am confident that house prices are going to continue to fall off a cliff, and I am waiting for the prices to fall to a sane level in a neighborhood that I would like to live for the long term … I find some amount of comfort in the fact that there are other like minded piggs out there that don’t believe all of the realtor (and government) happy talk and understand that at the end of the day house prices above 2-3 times income are not sustainable and will eventually fall back to that.

– RT[/quote]
Yep. My thoughts exactly.

I’m starting to give up on the idea of buying now, though, unless prices fall enough so a 20-year mortgage is feasible. I mean, I’m 41 now. Why buy when the house wouldn’t be paid off until I’m in my mid-70s?

[Mark Holmes]

[quote=WestCoastNole]I’m here because I love living in San Diego and want to buy a house here, but I am confident that house prices are going to continue to fall off a cliff, and I am waiting for the prices to fall to a sane level in a neighborhood that I would like to live for the long term … I find some amount of comfort in the fact that there are other like minded piggs out there that don’t believe all of the realtor (and government) happy talk and understand that at the end of the day house prices above 2-3 times income are not sustainable and will eventually fall back to that.

– RT[/quote]
Yep. My thoughts exactly.

I’m starting to give up on the idea of buying now, though, unless prices fall enough so a 20-year mortgage is feasible. I mean, I’m 41 now. Why buy when the house wouldn’t be paid off until I’m in my mid-70s?

[Mark Holmes]

[quote=afx114]I am here to hopefully one day become a home owner.

I am here because I have an unquenchable thirst for knowledge and information.

I am here to engage in debate with people who have different opinions than myself.

I am here as a hedge against the echo-chambers of the Internets.

I am here because different people from different backgrounds, ages, races, religions, locations, incomes, political leanings, and experiences have been brought together by a common interest.

Most of all, I am here to learn.[/quote]

Amen to that, as well.

[Mark Holmes]

[quote=afx114]I am here to hopefully one day become a home owner.

I am here because I have an unquenchable thirst for knowledge and information.

I am here to engage in debate with people who have different opinions than myself.

I am here as a hedge against the echo-chambers of the Internets.

I am here because different people from different backgrounds, ages, races, religions, locations, incomes, political leanings, and experiences have been brought together by a common interest.

Most of all, I am here to learn.[/quote]

Amen to that, as well.

[Mark Holmes]

[quote=afx114]I am here to hopefully one day become a home owner.

I am here because I have an unquenchable thirst for knowledge and information.

I am here to engage in debate with people who have different opinions than myself.

I am here as a hedge against the echo-chambers of the Internets.

I am here because different people from different backgrounds, ages, races, religions, locations, incomes, political leanings, and experiences have been brought together by a common interest.

Most of all, I am here to learn.[/quote]

Amen to that, as well.

[Mark Holmes]

[quote=afx114]I am here to hopefully one day become a home owner.

I am here because I have an unquenchable thirst for knowledge and information.

I am here to engage in debate with people who have different opinions than myself.

I am here as a hedge against the echo-chambers of the Internets.

I am here because different people from different backgrounds, ages, races, religions, locations, incomes, political leanings, and experiences have been brought together by a common interest.

Most of all, I am here to learn.[/quote]

Amen to that, as well.

[Mark Holmes]

[quote=afx114]I am here to hopefully one day become a home owner.

I am here because I have an unquenchable thirst for knowledge and information.

I am here to engage in debate with people who have different opinions than myself.

I am here as a hedge against the echo-chambers of the Internets.

I am here because different people from different backgrounds, ages, races, religions, locations, incomes, political leanings, and experiences have been brought together by a common interest.

Most of all, I am here to learn.[/quote]

Amen to that, as well.

[CA renter]

I started reading Rich’s site back in 2004 (before he allowed comments).

After buying a modest house in early 1998, got married, started having kids and outgrew the house. Started looking for something bigger in 2003 (this was after I had told friends not to buy in 2001, because I believed the market was peaking then) and couldn’t believe what was going on with all the multiple bids and people chasing each other from for-sale sign to for-sale sign.

Tried to research “housing bubble” every day and could only find a few defunct sites that had given up and a U.K. blog, and the WSJ blog that was eyeball-deep in bull trolls.

Finally, Rich started up his site, and he had the best information on the internet (thank you, Rich!). I needed this information to convince my husband to sell and rent (not easy) for a few years, and printed out everything I could find.

Five years later, here we are, and I’ve been absolutely addicted for far too long…

[CA renter]

I started reading Rich’s site back in 2004 (before he allowed comments).

After buying a modest house in early 1998, got married, started having kids and outgrew the house. Started looking for something bigger in 2003 (this was after I had told friends not to buy in 2001, because I believed the market was peaking then) and couldn’t believe what was going on with all the multiple bids and people chasing each other from for-sale sign to for-sale sign.

Tried to research “housing bubble” every day and could only find a few defunct sites that had given up and a U.K. blog, and the WSJ blog that was eyeball-deep in bull trolls.

Finally, Rich started up his site, and he had the best information on the internet (thank you, Rich!). I needed this information to convince my husband to sell and rent (not easy) for a few years, and printed out everything I could find.

Five years later, here we are, and I’ve been absolutely addicted for far too long…

[CA renter]

I started reading Rich’s site back in 2004 (before he allowed comments).

After buying a modest house in early 1998, got married, started having kids and outgrew the house. Started looking for something bigger in 2003 (this was after I had told friends not to buy in 2001, because I believed the market was peaking then) and couldn’t believe what was going on with all the multiple bids and people chasing each other from for-sale sign to for-sale sign.

Tried to research “housing bubble” every day and could only find a few defunct sites that had given up and a U.K. blog, and the WSJ blog that was eyeball-deep in bull trolls.

Finally, Rich started up his site, and he had the best information on the internet (thank you, Rich!). I needed this information to convince my husband to sell and rent (not easy) for a few years, and printed out everything I could find.

Five years later, here we are, and I’ve been absolutely addicted for far too long…

[CA renter]

I started reading Rich’s site back in 2004 (before he allowed comments).

After buying a modest house in early 1998, got married, started having kids and outgrew the house. Started looking for something bigger in 2003 (this was after I had told friends not to buy in 2001, because I believed the market was peaking then) and couldn’t believe what was going on with all the multiple bids and people chasing each other from for-sale sign to for-sale sign.

Tried to research “housing bubble” every day and could only find a few defunct sites that had given up and a U.K. blog, and the WSJ blog that was eyeball-deep in bull trolls.

Finally, Rich started up his site, and he had the best information on the internet (thank you, Rich!). I needed this information to convince my husband to sell and rent (not easy) for a few years, and printed out everything I could find.

Five years later, here we are, and I’ve been absolutely addicted for far too long…

[Author]

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