[an]

[quote=CA renter][quote=jpinpb]I abhore when it’s an inside job and sells the day of list or before it’s even listed. If it’s on the market for a while and someone contacts the LA and makes an lowball offer that gets accepted, good for them.[/quote]

Exactly.

As long as all buyers have the same chance, then it’s a legitimate transaction. This is why all buyers should feel free to “lowball.” It’s the only way you’ll know whether or not something can sell for your price (which just might be “market price,” in the land of delusional sellers).[/quote]
But there in lie the problem. Most buyers don’t know that they can do that. So those who are in the know were able to get the deal. I don’t see too much difference between property going pending immediately w/ a LA playing both side and a property going pending a few month later if the end result is the buyer score a 20-30% off list price, especially if it’s well below market value. All it means is that the agent was able to find a buyer that allow him/her to play both sides at different time. I would personally jump at a 20-30% discount in a heart beat, but I won’t kid myself that it’s shady. “market price” is when the LA lower the price frequently until he/she finds a buyer at very close to final list price. Something that list for $1.1-1.2M closing for $900k with the agent playing both side looks shady to me.

[an]

[quote=CA renter][quote=jpinpb]I abhore when it’s an inside job and sells the day of list or before it’s even listed. If it’s on the market for a while and someone contacts the LA and makes an lowball offer that gets accepted, good for them.[/quote]

Exactly.

As long as all buyers have the same chance, then it’s a legitimate transaction. This is why all buyers should feel free to “lowball.” It’s the only way you’ll know whether or not something can sell for your price (which just might be “market price,” in the land of delusional sellers).[/quote]
But there in lie the problem. Most buyers don’t know that they can do that. So those who are in the know were able to get the deal. I don’t see too much difference between property going pending immediately w/ a LA playing both side and a property going pending a few month later if the end result is the buyer score a 20-30% off list price, especially if it’s well below market value. All it means is that the agent was able to find a buyer that allow him/her to play both sides at different time. I would personally jump at a 20-30% discount in a heart beat, but I won’t kid myself that it’s shady. “market price” is when the LA lower the price frequently until he/she finds a buyer at very close to final list price. Something that list for $1.1-1.2M closing for $900k with the agent playing both side looks shady to me.

[an]

[quote=FormerSanDiegan]
Zero $. As a homeowner, mainrtenance becomes your new hobby, so you are essentially replacing your current expensive hobbies and travel (like say a twice-yearly ski trip to Utah or Mammoth) with painting, replacing water heaters and other fun houshold maintenance projects.[/quote]
I totally agree with this. I’ve repainted the master bedroom 3 times, the other 2 rooms 2 times, replacing appliances before they’re broken (tax credit), upgrading stuff to my liking. So, in term of pure maintenance, I’ve spent $0 over the last 2 years but in term of upgrades, it’s a lot more than $0.

[an]

[quote=FormerSanDiegan]
Zero $. As a homeowner, mainrtenance becomes your new hobby, so you are essentially replacing your current expensive hobbies and travel (like say a twice-yearly ski trip to Utah or Mammoth) with painting, replacing water heaters and other fun houshold maintenance projects.[/quote]
I totally agree with this. I’ve repainted the master bedroom 3 times, the other 2 rooms 2 times, replacing appliances before they’re broken (tax credit), upgrading stuff to my liking. So, in term of pure maintenance, I’ve spent $0 over the last 2 years but in term of upgrades, it’s a lot more than $0.

[an]

[quote=FormerSanDiegan]
Zero $. As a homeowner, mainrtenance becomes your new hobby, so you are essentially replacing your current expensive hobbies and travel (like say a twice-yearly ski trip to Utah or Mammoth) with painting, replacing water heaters and other fun houshold maintenance projects.[/quote]
I totally agree with this. I’ve repainted the master bedroom 3 times, the other 2 rooms 2 times, replacing appliances before they’re broken (tax credit), upgrading stuff to my liking. So, in term of pure maintenance, I’ve spent $0 over the last 2 years but in term of upgrades, it’s a lot more than $0.

[an]

[quote=FormerSanDiegan]
Zero $. As a homeowner, mainrtenance becomes your new hobby, so you are essentially replacing your current expensive hobbies and travel (like say a twice-yearly ski trip to Utah or Mammoth) with painting, replacing water heaters and other fun houshold maintenance projects.[/quote]
I totally agree with this. I’ve repainted the master bedroom 3 times, the other 2 rooms 2 times, replacing appliances before they’re broken (tax credit), upgrading stuff to my liking. So, in term of pure maintenance, I’ve spent $0 over the last 2 years but in term of upgrades, it’s a lot more than $0.

[an]

[quote=FormerSanDiegan]
Zero $. As a homeowner, mainrtenance becomes your new hobby, so you are essentially replacing your current expensive hobbies and travel (like say a twice-yearly ski trip to Utah or Mammoth) with painting, replacing water heaters and other fun houshold maintenance projects.[/quote]
I totally agree with this. I’ve repainted the master bedroom 3 times, the other 2 rooms 2 times, replacing appliances before they’re broken (tax credit), upgrading stuff to my liking. So, in term of pure maintenance, I’ve spent $0 over the last 2 years but in term of upgrades, it’s a lot more than $0.

[an]

[quote=bearishgurl]
[side discussion hijack]AN, as captcha said, clothing and gear is a one-time expenditure. You can also buy used (most “used” clothing and equipment on CL is only slightly used). For growing children under the age of 14, it is wisest to rent their gear if you don’t live near any skiing, and buy their clothing used off CL or e-bay.

If you’re not purchasing new clothing and/or gear at the Del Mar Fairgrounds ski-blowout sale (previous-year models) in August or the Sports Chalet Labor Day Weekend sale (all over CA), you’re paying way too much.

Think “ski gear” when its hot outside :=)[/quote]
What’s the likelihood of someone having HH income of >$180k and looking for a $500k house be buying used clothing? Secondly, clothing is not a one time thing. At least for most people.

You don’t have to tell me about deals. You can get much cheaper deals online than any of these local shows or store. But they still cost a lot of money in comparison to other sports. There are not a lot of other sports that is more expensive, even if you live in the area.

[an]

[quote=bearishgurl]
[side discussion hijack]AN, as captcha said, clothing and gear is a one-time expenditure. You can also buy used (most “used” clothing and equipment on CL is only slightly used). For growing children under the age of 14, it is wisest to rent their gear if you don’t live near any skiing, and buy their clothing used off CL or e-bay.

If you’re not purchasing new clothing and/or gear at the Del Mar Fairgrounds ski-blowout sale (previous-year models) in August or the Sports Chalet Labor Day Weekend sale (all over CA), you’re paying way too much.

Think “ski gear” when its hot outside :=)[/quote]
What’s the likelihood of someone having HH income of >$180k and looking for a $500k house be buying used clothing? Secondly, clothing is not a one time thing. At least for most people.

You don’t have to tell me about deals. You can get much cheaper deals online than any of these local shows or store. But they still cost a lot of money in comparison to other sports. There are not a lot of other sports that is more expensive, even if you live in the area.

[an]

[quote=bearishgurl]
[side discussion hijack]AN, as captcha said, clothing and gear is a one-time expenditure. You can also buy used (most “used” clothing and equipment on CL is only slightly used). For growing children under the age of 14, it is wisest to rent their gear if you don’t live near any skiing, and buy their clothing used off CL or e-bay.

If you’re not purchasing new clothing and/or gear at the Del Mar Fairgrounds ski-blowout sale (previous-year models) in August or the Sports Chalet Labor Day Weekend sale (all over CA), you’re paying way too much.

Think “ski gear” when its hot outside :=)[/quote]
What’s the likelihood of someone having HH income of >$180k and looking for a $500k house be buying used clothing? Secondly, clothing is not a one time thing. At least for most people.

You don’t have to tell me about deals. You can get much cheaper deals online than any of these local shows or store. But they still cost a lot of money in comparison to other sports. There are not a lot of other sports that is more expensive, even if you live in the area.

[an]

[quote=bearishgurl]
[side discussion hijack]AN, as captcha said, clothing and gear is a one-time expenditure. You can also buy used (most “used” clothing and equipment on CL is only slightly used). For growing children under the age of 14, it is wisest to rent their gear if you don’t live near any skiing, and buy their clothing used off CL or e-bay.

If you’re not purchasing new clothing and/or gear at the Del Mar Fairgrounds ski-blowout sale (previous-year models) in August or the Sports Chalet Labor Day Weekend sale (all over CA), you’re paying way too much.

Think “ski gear” when its hot outside :=)[/quote]
What’s the likelihood of someone having HH income of >$180k and looking for a $500k house be buying used clothing? Secondly, clothing is not a one time thing. At least for most people.

You don’t have to tell me about deals. You can get much cheaper deals online than any of these local shows or store. But they still cost a lot of money in comparison to other sports. There are not a lot of other sports that is more expensive, even if you live in the area.

[an]

[quote=bearishgurl]
[side discussion hijack]AN, as captcha said, clothing and gear is a one-time expenditure. You can also buy used (most “used” clothing and equipment on CL is only slightly used). For growing children under the age of 14, it is wisest to rent their gear if you don’t live near any skiing, and buy their clothing used off CL or e-bay.

If you’re not purchasing new clothing and/or gear at the Del Mar Fairgrounds ski-blowout sale (previous-year models) in August or the Sports Chalet Labor Day Weekend sale (all over CA), you’re paying way too much.

Think “ski gear” when its hot outside :=)[/quote]
What’s the likelihood of someone having HH income of >$180k and looking for a $500k house be buying used clothing? Secondly, clothing is not a one time thing. At least for most people.

You don’t have to tell me about deals. You can get much cheaper deals online than any of these local shows or store. But they still cost a lot of money in comparison to other sports. There are not a lot of other sports that is more expensive, even if you live in the area.

[an]

[quote=Scarlett][quote=UCguy]Here is another reason why to buy – giving our age.
We could choose to give away money to pay PMI for 7-8 years – 38.5 K total over 7.5 years or, to pay rent – 26K per year, times 2.5… > 55K.
[/quote]

I think it’s incomplete calculation. Take into account that in those 2.5 years you will pay, what, $1000/mo LESS on housing if you rent. Plus you don’t have to pay any maintenance, higher utilities, HOA, MR, etc.[/quote]
How do you figure $1000/month less if he rent? A $500k house in PQ/Scripps can probably rent for around $2200-2500, depending on the house. If he put down 10%, aimloan’s rate is @5% w/ 0 points. His monthly payment would be $2400. If you add in tax and insurance, it’ll be ~$3000. If you subtract the tax write off, it should bring it down to around $2500 (depending on tax bracket). This is including paying principal.

[an]

[quote=Scarlett][quote=UCguy]Here is another reason why to buy – giving our age.
We could choose to give away money to pay PMI for 7-8 years – 38.5 K total over 7.5 years or, to pay rent – 26K per year, times 2.5… > 55K.
[/quote]

I think it’s incomplete calculation. Take into account that in those 2.5 years you will pay, what, $1000/mo LESS on housing if you rent. Plus you don’t have to pay any maintenance, higher utilities, HOA, MR, etc.[/quote]
How do you figure $1000/month less if he rent? A $500k house in PQ/Scripps can probably rent for around $2200-2500, depending on the house. If he put down 10%, aimloan’s rate is @5% w/ 0 points. His monthly payment would be $2400. If you add in tax and insurance, it’ll be ~$3000. If you subtract the tax write off, it should bring it down to around $2500 (depending on tax bracket). This is including paying principal.

[an]

[quote=Scarlett][quote=UCguy]Here is another reason why to buy – giving our age.
We could choose to give away money to pay PMI for 7-8 years – 38.5 K total over 7.5 years or, to pay rent – 26K per year, times 2.5… > 55K.
[/quote]

I think it’s incomplete calculation. Take into account that in those 2.5 years you will pay, what, $1000/mo LESS on housing if you rent. Plus you don’t have to pay any maintenance, higher utilities, HOA, MR, etc.[/quote]
How do you figure $1000/month less if he rent? A $500k house in PQ/Scripps can probably rent for around $2200-2500, depending on the house. If he put down 10%, aimloan’s rate is @5% w/ 0 points. His monthly payment would be $2400. If you add in tax and insurance, it’ll be ~$3000. If you subtract the tax write off, it should bring it down to around $2500 (depending on tax bracket). This is including paying principal.

[Author]

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