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December 23, 2008 at 7:08 AM in reply to: Fortune Magazine: 10 Worst Real Estate Markets for 2009 #319223December 23, 2008 at 7:08 AM in reply to: Fortune Magazine: 10 Worst Real Estate Markets for 2009 #319577
carlsbadworker
ParticipantI don’t think buying now is most certainly a fools game. However buying last year this time was most certainly a fools game. I have a friend couple who bought last year and we tried our best to persuade them not to. But even now after seeing all the blood, they have developed “Stockholm syndrome” and kept telling us that housing is not an investment, and you should just buy when you can afford it. Of course, their combined salary was much higher than ours so I bet they can afford it. But still I think there is no reason to flush $100K into the toilet.
I think it becomes more subtle now (maybe because I already bought). We are seeing demand going up to meet the supply. However, like TG, I am all focused in Temecula area therefore I don’t have much data in SD area. But when more and more properties become cashflow positive (as sdr mentioned in some of the thread), it is hard to call that a fools game.December 23, 2008 at 7:08 AM in reply to: Fortune Magazine: 10 Worst Real Estate Markets for 2009 #319626carlsbadworker
ParticipantI don’t think buying now is most certainly a fools game. However buying last year this time was most certainly a fools game. I have a friend couple who bought last year and we tried our best to persuade them not to. But even now after seeing all the blood, they have developed “Stockholm syndrome” and kept telling us that housing is not an investment, and you should just buy when you can afford it. Of course, their combined salary was much higher than ours so I bet they can afford it. But still I think there is no reason to flush $100K into the toilet.
I think it becomes more subtle now (maybe because I already bought). We are seeing demand going up to meet the supply. However, like TG, I am all focused in Temecula area therefore I don’t have much data in SD area. But when more and more properties become cashflow positive (as sdr mentioned in some of the thread), it is hard to call that a fools game.December 23, 2008 at 7:08 AM in reply to: Fortune Magazine: 10 Worst Real Estate Markets for 2009 #319643carlsbadworker
ParticipantI don’t think buying now is most certainly a fools game. However buying last year this time was most certainly a fools game. I have a friend couple who bought last year and we tried our best to persuade them not to. But even now after seeing all the blood, they have developed “Stockholm syndrome” and kept telling us that housing is not an investment, and you should just buy when you can afford it. Of course, their combined salary was much higher than ours so I bet they can afford it. But still I think there is no reason to flush $100K into the toilet.
I think it becomes more subtle now (maybe because I already bought). We are seeing demand going up to meet the supply. However, like TG, I am all focused in Temecula area therefore I don’t have much data in SD area. But when more and more properties become cashflow positive (as sdr mentioned in some of the thread), it is hard to call that a fools game.December 23, 2008 at 7:08 AM in reply to: Fortune Magazine: 10 Worst Real Estate Markets for 2009 #319726carlsbadworker
ParticipantI don’t think buying now is most certainly a fools game. However buying last year this time was most certainly a fools game. I have a friend couple who bought last year and we tried our best to persuade them not to. But even now after seeing all the blood, they have developed “Stockholm syndrome” and kept telling us that housing is not an investment, and you should just buy when you can afford it. Of course, their combined salary was much higher than ours so I bet they can afford it. But still I think there is no reason to flush $100K into the toilet.
I think it becomes more subtle now (maybe because I already bought). We are seeing demand going up to meet the supply. However, like TG, I am all focused in Temecula area therefore I don’t have much data in SD area. But when more and more properties become cashflow positive (as sdr mentioned in some of the thread), it is hard to call that a fools game.December 23, 2008 at 6:56 AM in reply to: Fortune Magazine: 10 Worst Real Estate Markets for 2009 #319218carlsbadworker
ParticipantI don’t believe in this article at all. They probably just take this year’s drop and extrapolate it into next year. That is always the wrong way to predict the future with a rear-view mirror.
December 23, 2008 at 6:56 AM in reply to: Fortune Magazine: 10 Worst Real Estate Markets for 2009 #319572carlsbadworker
ParticipantI don’t believe in this article at all. They probably just take this year’s drop and extrapolate it into next year. That is always the wrong way to predict the future with a rear-view mirror.
December 23, 2008 at 6:56 AM in reply to: Fortune Magazine: 10 Worst Real Estate Markets for 2009 #319621carlsbadworker
ParticipantI don’t believe in this article at all. They probably just take this year’s drop and extrapolate it into next year. That is always the wrong way to predict the future with a rear-view mirror.
December 23, 2008 at 6:56 AM in reply to: Fortune Magazine: 10 Worst Real Estate Markets for 2009 #319638carlsbadworker
ParticipantI don’t believe in this article at all. They probably just take this year’s drop and extrapolate it into next year. That is always the wrong way to predict the future with a rear-view mirror.
December 23, 2008 at 6:56 AM in reply to: Fortune Magazine: 10 Worst Real Estate Markets for 2009 #319721carlsbadworker
ParticipantI don’t believe in this article at all. They probably just take this year’s drop and extrapolate it into next year. That is always the wrong way to predict the future with a rear-view mirror.
carlsbadworker
ParticipantFantastic view. You picked a winner, TG!
By the way, for those who couldn’t view the picture embedded in the text, try the following link:
carlsbadworker
ParticipantFantastic view. You picked a winner, TG!
By the way, for those who couldn’t view the picture embedded in the text, try the following link:
carlsbadworker
ParticipantFantastic view. You picked a winner, TG!
By the way, for those who couldn’t view the picture embedded in the text, try the following link:
carlsbadworker
ParticipantFantastic view. You picked a winner, TG!
By the way, for those who couldn’t view the picture embedded in the text, try the following link:
carlsbadworker
ParticipantFantastic view. You picked a winner, TG!
By the way, for those who couldn’t view the picture embedded in the text, try the following link:
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