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avidsaver
ParticipantI’ve never been a major poster here, but I do still come in and look from time to time. I have learned a great deal by reading what you all have to say. I think that since we’re seeing the market turn as we had been predicting, it’s just turned into a waiting game for me. And… as I don’t live in SD (I’m in LA), the posts aren’t always personally relevant.
ParticipantI’ve never been a major poster here, but I do still come in and look from time to time. I have learned a great deal by reading what you all have to say. I think that since we’re seeing the market turn as we had been predicting, it’s just turned into a waiting game for me. And… as I don’t live in SD (I’m in LA), the posts aren’t always personally relevant.
ParticipantI’ve never been a major poster here, but I do still come in and look from time to time. I have learned a great deal by reading what you all have to say. I think that since we’re seeing the market turn as we had been predicting, it’s just turned into a waiting game for me. And… as I don’t live in SD (I’m in LA), the posts aren’t always personally relevant.
ParticipantI’ve never been a major poster here, but I do still come in and look from time to time. I have learned a great deal by reading what you all have to say. I think that since we’re seeing the market turn as we had been predicting, it’s just turned into a waiting game for me. And… as I don’t live in SD (I’m in LA), the posts aren’t always personally relevant.
ParticipantFLU – from what I can see, it seems like Torrance and Redondo Beach would get hit harder than the other South Bay areas that you mentioned. I remember earlier this year driving through Redondo and seeing open house signs on just about every corner. It’s a good idea to consider the rental property idea considering the vantage point that you bring up.
BRSHARMA – I’ll admit that I haven’t clicked on your link yet. I would say that there are some parts of Inglewood that are nicer than some parts of Culver City… Of course, I’m comparing the “best” parts of Inglewood to the “worst” part of Culver City in that statement.
I would imagine that there could be some areas in San Diego that a native would know about that someone moving from afar wouldn’t. It’s also in the vantage point of the speaker. As a Black person, I might not have felt afraid to drive on Florence and Normandie during the riots, but it didn’t turn out too well for Reginald Denny…
Having said that, I’m not comparing the parts of Inglewood that I’m talking about to Florence and Normandie, and I suppose that a conservative white person could feel out of place in even the “best” parts of Inglewood (but they also might in the 90056 zip code of Los Angeles).
I guess it’s the way that I feel about some parts of the San Fernando Valley. I’ve always heard that you “shouldn’t” live in Van Nuys, but then I know of people who grew up out that way who say that there are some pockets that are better than others.
So… to make a long post even longer… I guess my initial point was just to point out an mere example of a 30%+ drop in just over a year as evidence of what several Piggatonians have been predicting.
ParticipantEven after 100% drop, I wonder why anyone wants to live there. You are safer in a cardboard box on the fast lane of 405.
Depends on where you’re from…
ParticipantI just like to see the evidence – anywhere in L.A. County. The home is actually in a pretty decent pocket of Inglewood near to what people refer to “Old Ladera” (north of Centinela between LaBrea and LaCienega) I grew up near Ingle-hood anyway, so I’m ok with living in the “hood.” The odds of me buying in Palos Verdes are non-existent and in Hermosa are slim (too far for me – although I live in El Segundo now). But you got it… “yet” is the operative word. I’m waiting to see the drops (coming soon to a town near me) while I keep saving.
ParticipantQuit whining…oh and don’t be late with your rent payment to your landlord.
LOL! someone please archive this post so that we can look at it in a year! This is pure comedy.
ParticipantQuit whining…oh and don’t be late with your rent payment to your landlord.
LOL! someone please archive this post so that we can look at it in a year! This is pure comedy.
ParticipantYou are living above median spending $800/month on groceries at Whole foods, you comment on unsavory areas for $1500/month rent and hence choose Rancho Bernardo at $2000/month.
Amen to this. I believe that your tithing is a personal choice, and I don’t want to get into that debate. But goodness — $800 per month for groceries?!?! You’re asking our opinion about whether you’re doing something wrong. For me, I’d say emphatically that your living expenses are excessive. How far DO you live from work that you have to pay so much in gas?
I think that you need to look at what it is that you’re really trying to accomplish and set your priorities. If your priority is to shop at Whole Foods and Trader Joe’s, then do so, but that may mean that you sacrifice savings that could go toward a housing down payment. The good news is that time is on your side, but in the meantime, you could be saving a LOT more. You really have to look at what you can afford realistically. There are people who make $30K and have 5 kids. They have to feed their families. Whole Foods for them is not an option. And it may not be for you. It’s not an option for you at this point any more than the purchase of a million dollar home is. It’s your choice.
I also use http://www.thegrocerygame.com, and I spend less than $300/month on groceries (for a family of two – one parent and child). Honestly, the addition of a third person shouldn’t raise the grocery bill too much more because there are rarely small quantities sold for two people only. Also, look at how much you’re spending on things like laundry detergent, soap, shampoo, etc. Maybe you can save on those items, and still make the most important purchases (meats, produce, etc.) at Whole Foods.
Also, I’d agree with everyone that you need to check the auto insurance rates. You didn’t mention your ages, but I have a “new-ish” (2005) Toyota Highlander and pay about $800/year on auto insurance.
Finally, I hear you on renting a place in the right area, but again, it’s a matter of choice. I rent in a good school district, but I rent a two bedroom place at about $1,500. Would I “like” a third bedroom? Yes. Can I afford it? No.
For comparison’s sake, my base is a little less than yours (89K) plus a bonus. So we’re in the same range. You just need to think about what you want…
Remember… it’s your choice. The market will turn around, and your story — as a gainfully employed middle-class business owner who can’t afford to buy — is one illustration of why it will. You just need to make the right choices so that you’ll be ready when the next SHOE DROPS.
ParticipantYou are living above median spending $800/month on groceries at Whole foods, you comment on unsavory areas for $1500/month rent and hence choose Rancho Bernardo at $2000/month.
Amen to this. I believe that your tithing is a personal choice, and I don’t want to get into that debate. But goodness — $800 per month for groceries?!?! You’re asking our opinion about whether you’re doing something wrong. For me, I’d say emphatically that your living expenses are excessive. How far DO you live from work that you have to pay so much in gas?
I think that you need to look at what it is that you’re really trying to accomplish and set your priorities. If your priority is to shop at Whole Foods and Trader Joe’s, then do so, but that may mean that you sacrifice savings that could go toward a housing down payment. The good news is that time is on your side, but in the meantime, you could be saving a LOT more. You really have to look at what you can afford realistically. There are people who make $30K and have 5 kids. They have to feed their families. Whole Foods for them is not an option. And it may not be for you. It’s not an option for you at this point any more than the purchase of a million dollar home is. It’s your choice.
I also use http://www.thegrocerygame.com, and I spend less than $300/month on groceries (for a family of two – one parent and child). Honestly, the addition of a third person shouldn’t raise the grocery bill too much more because there are rarely small quantities sold for two people only. Also, look at how much you’re spending on things like laundry detergent, soap, shampoo, etc. Maybe you can save on those items, and still make the most important purchases (meats, produce, etc.) at Whole Foods.
Also, I’d agree with everyone that you need to check the auto insurance rates. You didn’t mention your ages, but I have a “new-ish” (2005) Toyota Highlander and pay about $800/year on auto insurance.
Finally, I hear you on renting a place in the right area, but again, it’s a matter of choice. I rent in a good school district, but I rent a two bedroom place at about $1,500. Would I “like” a third bedroom? Yes. Can I afford it? No.
For comparison’s sake, my base is a little less than yours (89K) plus a bonus. So we’re in the same range. You just need to think about what you want…
Remember… it’s your choice. The market will turn around, and your story — as a gainfully employed middle-class business owner who can’t afford to buy — is one illustration of why it will. You just need to make the right choices so that you’ll be ready when the next SHOE DROPS.
June 27, 2007 at 10:22 PM in reply to: Finally some evidence the banks are slashing repo prices #62693ParticipantGreat post. Raised my morale today. Please continue to keep us posted.
June 27, 2007 at 10:22 PM in reply to: Finally some evidence the banks are slashing repo prices #62645ParticipantGreat post. Raised my morale today. Please continue to keep us posted.
ParticipantStudentEconomist, how tied are you to San Diego? Could be something for you in the L.A. area. Not sure what the protocol would be to get contact together though. With the little that you shared though, sounds like it could be a good fit.
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