[bob2007]

JWM,

I don’t think that anyone who shares their opinion should be called a troll. Should we all agree your view is the correct one, and the group go silent for 3 years waiting for it to play out? There are new people joining all the time. This is where they learn. When you lose your objectivity and start attacking the poster, I think is shows a lack of confidence in your belief.

[bob2007]

JWM,

I don’t think that anyone who shares their opinion should be called a troll. Should we all agree your view is the correct one, and the group go silent for 3 years waiting for it to play out? There are new people joining all the time. This is where they learn. When you lose your objectivity and start attacking the poster, I think is shows a lack of confidence in your belief.

[bob2007]

Hi SDR,

Your opinion is in line with what I was thinking. I don’t want to take up any of your time with further analysis. Thanks for the reply. Great day for kids at the beach. I have a sick one at home today.

Bob

[bob2007]

Hi SDR,

Your opinion is in line with what I was thinking. I don’t want to take up any of your time with further analysis. Thanks for the reply. Great day for kids at the beach. I have a sick one at home today.

Bob

[bob2007]

Hello SDR,

Do you have a guess as to whether or not the following new scripps listing at 1.5M would go below 1M? This would be for it or a house with similar characteristics in the next couple of years. That is a nice area of scripps, and I was wondering about the high and low sale points. This is just a few blocks away from the original listing in this post. It seems overpriced by about 300k from the comps.

11343 BRECKENRIDGE WAY
San Diego, CA 92131
MLS #: 076045178

Thanks,

Bob

[bob2007]

Hello SDR,

Do you have a guess as to whether or not the following new scripps listing at 1.5M would go below 1M? This would be for it or a house with similar characteristics in the next couple of years. That is a nice area of scripps, and I was wondering about the high and low sale points. This is just a few blocks away from the original listing in this post. It seems overpriced by about 300k from the comps.

11343 BRECKENRIDGE WAY
San Diego, CA 92131
MLS #: 076045178

Thanks,

Bob

[bob2007]

If someone sold in 2005 for a great profit (say 300k) after 2+ years of ownership, are there any tax issues with waiting? In other words, would they need to buy again in a certain amount of time to avoid the 15% + 9% state tax on the profit?

[bob2007]

If someone sold in 2005 for a great profit (say 300k) after 2+ years of ownership, are there any tax issues with waiting? In other words, would they need to buy again in a certain amount of time to avoid the 15% + 9% state tax on the profit?

[bob2007]

I thought about this long and hard when buying earlier this year. I could go either way, but chose the 20% down and large cash reserves to put in diverse investments.

I had no mort. before, so it was hard to fight the urge to put down a lot of money. It turns out my particular investments have always been over 10%. My jumbo was no points, no fees, 6.25%. This way I have years worth of payments if something bad should happen. The part of the money in Inet bank accounts provide 5.1% interest for high balances. I think AN’s numbers are in the ballpark.

Risk is everywhere. Who is to say the buyer in this post won’t do better in the long run than me?

PS. I have reasons for buying, don’t need to rehash.

[bob2007]

I thought about this long and hard when buying earlier this year. I could go either way, but chose the 20% down and large cash reserves to put in diverse investments.

I had no mort. before, so it was hard to fight the urge to put down a lot of money. It turns out my particular investments have always been over 10%. My jumbo was no points, no fees, 6.25%. This way I have years worth of payments if something bad should happen. The part of the money in Inet bank accounts provide 5.1% interest for high balances. I think AN’s numbers are in the ballpark.

Risk is everywhere. Who is to say the buyer in this post won’t do better in the long run than me?

PS. I have reasons for buying, don’t need to rehash.

[bob2007]

lastsummer2008,

I don’t usually post about an individual, but after reading your post I looked at your blog. Working in education with the attitude you displayed in your post is not a good thing for the kids. Science in particular should always be open to opposing points of view. Maybe its time for your next career.

FSD, Obviously Mistaken. The LA Times Information on Sunday (5/27) was for Orange and Ventura County stupid. I believe San Diego County might come out this weekend. We’ll see what the monthly numbers look like then. You really are a friggin Idiot.. If you don’t like to hear what I say, don’t read it. It’s that simple.

Also, if you quote my blog again, I’ll have you restricted from this site.

[bob2007]

lastsummer2008,

I don’t usually post about an individual, but after reading your post I looked at your blog. Working in education with the attitude you displayed in your post is not a good thing for the kids. Science in particular should always be open to opposing points of view. Maybe its time for your next career.

FSD, Obviously Mistaken. The LA Times Information on Sunday (5/27) was for Orange and Ventura County stupid. I believe San Diego County might come out this weekend. We’ll see what the monthly numbers look like then. You really are a friggin Idiot.. If you don’t like to hear what I say, don’t read it. It’s that simple.

Also, if you quote my blog again, I’ll have you restricted from this site.

[bob2007]

Anybody with view property experience want to chime in?

Since the question was asked, I had a similar situation, and did buy in 2007. I agree with the point made that in a depressed market the house may not come up at all. Perfect house for me and my family, fantastic view, 11,000 sq ft flat lot.

I can afford it, plan to be in it for 10+ years. I got what I consider to be a great price because previous owner had to move (I am self employed, so it won’t happen to me). It may go down in price over the next couple of years, but hopefully it will go back up by 10 years. Even if it does not, it is still worth it for the lifestyle change.

There are other solutions to the housing problem than just trying to time the bottom. My choice was to work on my career, which has enabled me to live where I want. I see others posting on this list doing the same. Persistence pays off!

[bob2007]

Anybody with view property experience want to chime in?

Since the question was asked, I had a similar situation, and did buy in 2007. I agree with the point made that in a depressed market the house may not come up at all. Perfect house for me and my family, fantastic view, 11,000 sq ft flat lot.

I can afford it, plan to be in it for 10+ years. I got what I consider to be a great price because previous owner had to move (I am self employed, so it won’t happen to me). It may go down in price over the next couple of years, but hopefully it will go back up by 10 years. Even if it does not, it is still worth it for the lifestyle change.

There are other solutions to the housing problem than just trying to time the bottom. My choice was to work on my career, which has enabled me to live where I want. I see others posting on this list doing the same. Persistence pays off!

[bob2007]

bayparkwatcher,

Each situation has its own requirements, but I see an awful lot of people put off selling when they think they should because of taxes. Later, their tax problem goes away because their investments decline. It doesn’t have to be an all or nothing. Sell half.

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