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I kiss u!

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I think you’re probably a little disgruntled, but I agree with you… you were probably a min wage worker during the last boom, and then you got your law degree(nice work) and were in school during this latest, but a little too late to get in on this boom.. My scenario is similar.. BUT real estate can be a great way to make life changing money through favorably high leverage with little risk(considering a basic understanding of timing and cycles).. just be happy that prices are on the way down and be ready to get in early on the next cycle..

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So long as you’re not cold and hungry?

How about.. having enough money to support your lifestyle on interest.

Have some time to burn?
http://en.wikipedia.org/wiki/Natural_capital

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Have a friend selling a great 2 acre horse lot on ‘West Lilac and Talesin Way’ in Bonsall. He understands market condition, he’s interested in selling and has some equity… you might be able to work a deal.. the property backs up to Vessels Ranch.

If you drive up West lilac to Talesin Way you should see a sign.. if not, go down Talesein it’s vacant lot on bottom left with stream running through it.

this might be it, i can’t tell for sure

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How about a floating stadium in Mission Bay?

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I consider Bush a liberal..

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Maybe the HOA’s landscapes buddies just get a little less slush.. How do HOA’s determine who to contract things(jacuzzi repair, landscape, fencing) out to?

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dontfollowtheherd, you’ve got what I’m looking for.. care to share some advice? [email protected] email me and I’ll ask you a question…

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guitar187, can you source this? I don’t doubt it.. just would like to read more..

A quick note on the real estate comment. There is currently over 1 million square feet of empty office previously leased by mortgage companies in Orange County.

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I find this very convenient. I don’t believe in conspiracy theories, because I don’t think anyone is smart enough to develop a plan that can fool millions of people and keep it secret at the same time. I think of our government officials as bumbling and reacting, not as clever planners.

I think it’s very easy for the elite to keep secrets.. what can’t they do? Once you’re dead it doesn’t matter, and they definitely have that power… Ooops, car crash! If someone speaks up they lose their job, or lose out of their share.. they likely wont disclose.. and also the chain of command breaks responsibility and knowledge into small parts that alone dont have enough credibility.. that and the media conglomerate is the elite’s lapdog!

If you want a unique perspective/story, check out the following video.. WARNING, this is very out there:
http://www.youtube.com/watch?v=L68t_xGEAzE

Also remember:
All this was inspired by the principle – which is quite true in itself – that in the big lie there is always a certain force of credibility; because the broad masses of a nation are always more easily corrupted in the deeper strata of their emotional nature than consciously or voluntarily; and thus in the primitive simplicity of their minds they more readily fall victims to the big lie than the small lie, since they themselves often tell small lies in little matters but would be ashamed to resort to large-scale falsehoods. – Hitler

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Poverty is related to education, not race.

For some reason I am slightly bothered by the free lunch stats.. no one should be starving, but for some reason I feel scammed as a taxpayer being that there are free rides for almost 100% of the students at some of those schools all the way down to the last $1.50 for lunch.. I’ll support it for the kids secondarily, but I think primarily it’s the parents responsibility to take care of that.. can these students parents really not afford that? It’s almost opportunistic/greedy sounding, or maybe I am…

I would guess that most of these kids parents are illegals and are paid under the table at their jobs.. so they’re not paying taxes… maybe in other ways they are making equivalent contributions through civic duty, but I just don’t believe that there is any loyalty to the united states from them so why the free lunch..

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The other day as I walked in to work I noticed a bunch of papers taped up to the front door of the mortgage company that is next door to my workplace… I walked over to check it out.. The papers were eviction related and listed 2 months of delinquent rent and the total owed.. needless to say, the building was empty…

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I know a guy that bought a 1500 sq ft house in rb/poway some 10 years ago for 250k and just recently sold for 700k and moved to a 4000 sq. ft place on 5 acres in Colorado springs in which he paid cash for.

I like California myself.. but I don’t need a 800k place to feel like I’m in Calfornia.. there are plenty of inexpensive places left if you don’t mind a little commute or can telecommute.

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I don’t get this logic. If you buy, you’re paying interest instead of rent. I’m simplifying here, but if interest is more than rent, you loose. Either way you have to pay to have a roof over your head. I agree that it’s way too early to even think about making offers, much less submit offers.

Hi PerryChase,
In your scenario(that link you posted to your site above) you compare ‘buying now at a certain rate’ with ‘buying later for a lower price at a higher rate’.. You’re saying the buying later is better because you can save more money towards the down payment right? All I was saying, is that the ‘buy later’ person still has to live somewhere, and in fairness that factor should be considered in your calculation, especially since you are the using opportunity cost on the downpayment for that wait time as one of your supporting points.. by waiting a year the buy later person will have to pay 12k+ in rent.. that’s 12k less that you have for that hypothetical down payment.. do I make any sense?

Sure the buy first person is paying interest, but that was already accounted and from what I read bore the majority of support for your original argument.. all I was saying is that they have a place to live, and are paying some principal.. while the other person is paying rent while waiting, I didn’t see rent in yours.. so where is that person in your hypothetical living?

Look forward to your response and appreciate everyones feedback.

PS. PerryChase, I see part of what you’re saying – if the net diff of interest vs rent is negative then thats lost money.. but at the offer price and downpayment I’m looking at, the mortgage and rent are almost the same, which would mean rent is more than the interest… How do people feel about a mortgage that is the same as rent in area? Consider?

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In my opinion, price will not get to 100x rent in San Diego county.. the only possible exception I can see are those cheap apartment conversions.

There is an underlying paradigm shift in that San Diego on average has more skilled two income families and 10 to a house wage workers than areas where that 100x rent my actually be possible… you add in a few shakes of desirability and that 100x rent guideline is a pipe dream.

Put me on record here as saying ‘no way’ to a median or any sort of average at 100-120x rent in San Diego… I’m not saying that I’m going to be right, I just wholeheartedly disagree with that as a realistic buy signal..

At 100x that means you could pay off a house in 10-15 years just off rental income? Not going to happen..

It’s like saying that 7 is the only P/E you should buy stocks at… yet Google was at negative P/E and anyone that bough it 2 years ago has already earned 300%…. I don’t even own Google, and the list of P/E debunkers goes on and on and on..

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