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Blissful Ignoramus
ParticipantReading all of the comments on the last couple of pages (not to say they aren’t interesting, thought-provoking and useful!) I repeat what I said on the first page: we really aren’t in a position to give good advice based on the information Homeschool has given us. We’re talking about a huge set of decisions across the entire spectrum of life here. There is no way we can know all of the particulars.
What I think we CAN support is his thinking that he would be well-served by making some personal and financial decisions for the benefit of his health and family, and that he is in a strong economic position to make those decisions.
So, IF this idea about downsizing his home is a good one, here might be the steps;
1. Identify an area where you can purchase in cash (or close to it) a home that you and your family are going to happy with. Don’t saddle yourself with an hour of commuting in each direction or something crazy like that. Check here to see if your impressions about your targeted areas are are correct.
2. Price your house to sell in the current market.
3. Carefully go through the process of selling, shopping and buying.
Good luck!
ParticipantReading all of the comments on the last couple of pages (not to say they aren’t interesting, thought-provoking and useful!) I repeat what I said on the first page: we really aren’t in a position to give good advice based on the information Homeschool has given us. We’re talking about a huge set of decisions across the entire spectrum of life here. There is no way we can know all of the particulars.
What I think we CAN support is his thinking that he would be well-served by making some personal and financial decisions for the benefit of his health and family, and that he is in a strong economic position to make those decisions.
So, IF this idea about downsizing his home is a good one, here might be the steps;
1. Identify an area where you can purchase in cash (or close to it) a home that you and your family are going to happy with. Don’t saddle yourself with an hour of commuting in each direction or something crazy like that. Check here to see if your impressions about your targeted areas are are correct.
2. Price your house to sell in the current market.
3. Carefully go through the process of selling, shopping and buying.
Good luck!
ParticipantReading all of the comments on the last couple of pages (not to say they aren’t interesting, thought-provoking and useful!) I repeat what I said on the first page: we really aren’t in a position to give good advice based on the information Homeschool has given us. We’re talking about a huge set of decisions across the entire spectrum of life here. There is no way we can know all of the particulars.
What I think we CAN support is his thinking that he would be well-served by making some personal and financial decisions for the benefit of his health and family, and that he is in a strong economic position to make those decisions.
So, IF this idea about downsizing his home is a good one, here might be the steps;
1. Identify an area where you can purchase in cash (or close to it) a home that you and your family are going to happy with. Don’t saddle yourself with an hour of commuting in each direction or something crazy like that. Check here to see if your impressions about your targeted areas are are correct.
2. Price your house to sell in the current market.
3. Carefully go through the process of selling, shopping and buying.
Good luck!
ParticipantReading all of the comments on the last couple of pages (not to say they aren’t interesting, thought-provoking and useful!) I repeat what I said on the first page: we really aren’t in a position to give good advice based on the information Homeschool has given us. We’re talking about a huge set of decisions across the entire spectrum of life here. There is no way we can know all of the particulars.
What I think we CAN support is his thinking that he would be well-served by making some personal and financial decisions for the benefit of his health and family, and that he is in a strong economic position to make those decisions.
So, IF this idea about downsizing his home is a good one, here might be the steps;
1. Identify an area where you can purchase in cash (or close to it) a home that you and your family are going to happy with. Don’t saddle yourself with an hour of commuting in each direction or something crazy like that. Check here to see if your impressions about your targeted areas are are correct.
2. Price your house to sell in the current market.
3. Carefully go through the process of selling, shopping and buying.
Good luck!
ParticipantHousing: In San Diego, a more moderate decline than 2008 as some of the short-term benefits (that is, putting off the inevitable) of the bailouts and Fed activity loosens up credit, and the tide is still not out with regard to employment and other economic fundamentals. I’ll go with 10% overall. Nationwide, continued decline on a more consistent basis, with areas not yet affected (including mine, unfortunately) experiencing problems. 10% nationwide decline as well. Unfortunately, this is the eye of the hurricane passing over.
Jobs: A bloodbath in 2009. It won’t seem as bad in California where levels are already high, but national numbers will approach 9%. San Diego, the same or higher. I cringe thinking about 2010.
Oil: Fairly flat. OPEC still doesn’t have its act together and won’t sufficiently curtail production, keeping prices relatively low. Gas prices will increase a fair amount in the summer nationwide, in the mid 2’s nationwide.
Gold: All over the place, with current prices being the approximate floor. Gold is a panic commodity in the midst of a panic, and I expect its price to reflect that.
Dollar: Will do okay against the Euro only because Europe is in the same boat. The dollar flat or slightly improved against the Euro. The Yen will be flat or slightly improved against the dollar.
Overall: 2009 will not be a good economic year, Year 2 of what I see as at least a four year period of relative gloom. 2010 will be the real mess as the credit crisis enters round two on top of poor economic fundamentals. If I’m going to call a bottom to the real estate crash, it’s 2010-11, when people will be able to pick up some good investments. That is, if anyone has a job.
ParticipantHousing: In San Diego, a more moderate decline than 2008 as some of the short-term benefits (that is, putting off the inevitable) of the bailouts and Fed activity loosens up credit, and the tide is still not out with regard to employment and other economic fundamentals. I’ll go with 10% overall. Nationwide, continued decline on a more consistent basis, with areas not yet affected (including mine, unfortunately) experiencing problems. 10% nationwide decline as well. Unfortunately, this is the eye of the hurricane passing over.
Jobs: A bloodbath in 2009. It won’t seem as bad in California where levels are already high, but national numbers will approach 9%. San Diego, the same or higher. I cringe thinking about 2010.
Oil: Fairly flat. OPEC still doesn’t have its act together and won’t sufficiently curtail production, keeping prices relatively low. Gas prices will increase a fair amount in the summer nationwide, in the mid 2’s nationwide.
Gold: All over the place, with current prices being the approximate floor. Gold is a panic commodity in the midst of a panic, and I expect its price to reflect that.
Dollar: Will do okay against the Euro only because Europe is in the same boat. The dollar flat or slightly improved against the Euro. The Yen will be flat or slightly improved against the dollar.
Overall: 2009 will not be a good economic year, Year 2 of what I see as at least a four year period of relative gloom. 2010 will be the real mess as the credit crisis enters round two on top of poor economic fundamentals. If I’m going to call a bottom to the real estate crash, it’s 2010-11, when people will be able to pick up some good investments. That is, if anyone has a job.
ParticipantHousing: In San Diego, a more moderate decline than 2008 as some of the short-term benefits (that is, putting off the inevitable) of the bailouts and Fed activity loosens up credit, and the tide is still not out with regard to employment and other economic fundamentals. I’ll go with 10% overall. Nationwide, continued decline on a more consistent basis, with areas not yet affected (including mine, unfortunately) experiencing problems. 10% nationwide decline as well. Unfortunately, this is the eye of the hurricane passing over.
Jobs: A bloodbath in 2009. It won’t seem as bad in California where levels are already high, but national numbers will approach 9%. San Diego, the same or higher. I cringe thinking about 2010.
Oil: Fairly flat. OPEC still doesn’t have its act together and won’t sufficiently curtail production, keeping prices relatively low. Gas prices will increase a fair amount in the summer nationwide, in the mid 2’s nationwide.
Gold: All over the place, with current prices being the approximate floor. Gold is a panic commodity in the midst of a panic, and I expect its price to reflect that.
Dollar: Will do okay against the Euro only because Europe is in the same boat. The dollar flat or slightly improved against the Euro. The Yen will be flat or slightly improved against the dollar.
Overall: 2009 will not be a good economic year, Year 2 of what I see as at least a four year period of relative gloom. 2010 will be the real mess as the credit crisis enters round two on top of poor economic fundamentals. If I’m going to call a bottom to the real estate crash, it’s 2010-11, when people will be able to pick up some good investments. That is, if anyone has a job.
ParticipantHousing: In San Diego, a more moderate decline than 2008 as some of the short-term benefits (that is, putting off the inevitable) of the bailouts and Fed activity loosens up credit, and the tide is still not out with regard to employment and other economic fundamentals. I’ll go with 10% overall. Nationwide, continued decline on a more consistent basis, with areas not yet affected (including mine, unfortunately) experiencing problems. 10% nationwide decline as well. Unfortunately, this is the eye of the hurricane passing over.
Jobs: A bloodbath in 2009. It won’t seem as bad in California where levels are already high, but national numbers will approach 9%. San Diego, the same or higher. I cringe thinking about 2010.
Oil: Fairly flat. OPEC still doesn’t have its act together and won’t sufficiently curtail production, keeping prices relatively low. Gas prices will increase a fair amount in the summer nationwide, in the mid 2’s nationwide.
Gold: All over the place, with current prices being the approximate floor. Gold is a panic commodity in the midst of a panic, and I expect its price to reflect that.
Dollar: Will do okay against the Euro only because Europe is in the same boat. The dollar flat or slightly improved against the Euro. The Yen will be flat or slightly improved against the dollar.
Overall: 2009 will not be a good economic year, Year 2 of what I see as at least a four year period of relative gloom. 2010 will be the real mess as the credit crisis enters round two on top of poor economic fundamentals. If I’m going to call a bottom to the real estate crash, it’s 2010-11, when people will be able to pick up some good investments. That is, if anyone has a job.
ParticipantHousing: In San Diego, a more moderate decline than 2008 as some of the short-term benefits (that is, putting off the inevitable) of the bailouts and Fed activity loosens up credit, and the tide is still not out with regard to employment and other economic fundamentals. I’ll go with 10% overall. Nationwide, continued decline on a more consistent basis, with areas not yet affected (including mine, unfortunately) experiencing problems. 10% nationwide decline as well. Unfortunately, this is the eye of the hurricane passing over.
Jobs: A bloodbath in 2009. It won’t seem as bad in California where levels are already high, but national numbers will approach 9%. San Diego, the same or higher. I cringe thinking about 2010.
Oil: Fairly flat. OPEC still doesn’t have its act together and won’t sufficiently curtail production, keeping prices relatively low. Gas prices will increase a fair amount in the summer nationwide, in the mid 2’s nationwide.
Gold: All over the place, with current prices being the approximate floor. Gold is a panic commodity in the midst of a panic, and I expect its price to reflect that.
Dollar: Will do okay against the Euro only because Europe is in the same boat. The dollar flat or slightly improved against the Euro. The Yen will be flat or slightly improved against the dollar.
Overall: 2009 will not be a good economic year, Year 2 of what I see as at least a four year period of relative gloom. 2010 will be the real mess as the credit crisis enters round two on top of poor economic fundamentals. If I’m going to call a bottom to the real estate crash, it’s 2010-11, when people will be able to pick up some good investments. That is, if anyone has a job.
Participant[quote=esmith]Ouch.
43880 Brookhaven backs up against the 79, but there’s also this in the same community, for 30K more:
http://www.redfin.com/CA/Temecula/33734-Pebble-Brook-Cir-92592/home/12506633
Both houses were originally sold in 2005 in high 500’s.[/quote]
What’s with the 1920s-style curved room entries? They look great in a house built in the 1920s — in these McMansions, not so much.
A lot of house for not a whole lot of money, but the fundamental issue remains: it’s Temecula. Great for retired people or people who can work from home, but there are way more houses like this than there are people with jobs a reasonable distance away. It’s logical to think that Temecula has an economic future to accommodate all of these houses, but the bubble has really screwed things up for more than just the short-term.
Participant[quote=esmith]Ouch.
43880 Brookhaven backs up against the 79, but there’s also this in the same community, for 30K more:
http://www.redfin.com/CA/Temecula/33734-Pebble-Brook-Cir-92592/home/12506633
Both houses were originally sold in 2005 in high 500’s.[/quote]
What’s with the 1920s-style curved room entries? They look great in a house built in the 1920s — in these McMansions, not so much.
A lot of house for not a whole lot of money, but the fundamental issue remains: it’s Temecula. Great for retired people or people who can work from home, but there are way more houses like this than there are people with jobs a reasonable distance away. It’s logical to think that Temecula has an economic future to accommodate all of these houses, but the bubble has really screwed things up for more than just the short-term.
Participant[quote=esmith]Ouch.
43880 Brookhaven backs up against the 79, but there’s also this in the same community, for 30K more:
http://www.redfin.com/CA/Temecula/33734-Pebble-Brook-Cir-92592/home/12506633
Both houses were originally sold in 2005 in high 500’s.[/quote]
What’s with the 1920s-style curved room entries? They look great in a house built in the 1920s — in these McMansions, not so much.
A lot of house for not a whole lot of money, but the fundamental issue remains: it’s Temecula. Great for retired people or people who can work from home, but there are way more houses like this than there are people with jobs a reasonable distance away. It’s logical to think that Temecula has an economic future to accommodate all of these houses, but the bubble has really screwed things up for more than just the short-term.
Participant[quote=esmith]Ouch.
43880 Brookhaven backs up against the 79, but there’s also this in the same community, for 30K more:
http://www.redfin.com/CA/Temecula/33734-Pebble-Brook-Cir-92592/home/12506633
Both houses were originally sold in 2005 in high 500’s.[/quote]
What’s with the 1920s-style curved room entries? They look great in a house built in the 1920s — in these McMansions, not so much.
A lot of house for not a whole lot of money, but the fundamental issue remains: it’s Temecula. Great for retired people or people who can work from home, but there are way more houses like this than there are people with jobs a reasonable distance away. It’s logical to think that Temecula has an economic future to accommodate all of these houses, but the bubble has really screwed things up for more than just the short-term.
Participant[quote=esmith]Ouch.
43880 Brookhaven backs up against the 79, but there’s also this in the same community, for 30K more:
http://www.redfin.com/CA/Temecula/33734-Pebble-Brook-Cir-92592/home/12506633
Both houses were originally sold in 2005 in high 500’s.[/quote]
What’s with the 1920s-style curved room entries? They look great in a house built in the 1920s — in these McMansions, not so much.
A lot of house for not a whole lot of money, but the fundamental issue remains: it’s Temecula. Great for retired people or people who can work from home, but there are way more houses like this than there are people with jobs a reasonable distance away. It’s logical to think that Temecula has an economic future to accommodate all of these houses, but the bubble has really screwed things up for more than just the short-term.
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