[carlsbadworker]

TG, I agree with all your points. However, I am wondering if one really can get 2009 prices now. There are still a lot of buyers out looking and the government intervention is not going to help the near-term supply/demand picture. Luckily, I see more rational buyers now, so if everyone demands 2009 price, it will just bring the bottom closer.
Anyway, I too think it is within strike zone right now. So I will be trying to write a few offers in the next few months, yet it is often very frustrating.
I just kept on rambling, but the point that I want to make is that I always enjoy reading your posts, so thank you very much for that.

[carlsbadworker]

TG, I agree with all your points. However, I am wondering if one really can get 2009 prices now. There are still a lot of buyers out looking and the government intervention is not going to help the near-term supply/demand picture. Luckily, I see more rational buyers now, so if everyone demands 2009 price, it will just bring the bottom closer.
Anyway, I too think it is within strike zone right now. So I will be trying to write a few offers in the next few months, yet it is often very frustrating.
I just kept on rambling, but the point that I want to make is that I always enjoy reading your posts, so thank you very much for that.

[carlsbadworker]

TG, I agree with all your points. However, I am wondering if one really can get 2009 prices now. There are still a lot of buyers out looking and the government intervention is not going to help the near-term supply/demand picture. Luckily, I see more rational buyers now, so if everyone demands 2009 price, it will just bring the bottom closer.
Anyway, I too think it is within strike zone right now. So I will be trying to write a few offers in the next few months, yet it is often very frustrating.
I just kept on rambling, but the point that I want to make is that I always enjoy reading your posts, so thank you very much for that.

[carlsbadworker]

TG, I agree with all your points. However, I am wondering if one really can get 2009 prices now. There are still a lot of buyers out looking and the government intervention is not going to help the near-term supply/demand picture. Luckily, I see more rational buyers now, so if everyone demands 2009 price, it will just bring the bottom closer.
Anyway, I too think it is within strike zone right now. So I will be trying to write a few offers in the next few months, yet it is often very frustrating.
I just kept on rambling, but the point that I want to make is that I always enjoy reading your posts, so thank you very much for that.

[carlsbadworker]

TG, I agree with all your points. However, I am wondering if one really can get 2009 prices now. There are still a lot of buyers out looking and the government intervention is not going to help the near-term supply/demand picture. Luckily, I see more rational buyers now, so if everyone demands 2009 price, it will just bring the bottom closer.
Anyway, I too think it is within strike zone right now. So I will be trying to write a few offers in the next few months, yet it is often very frustrating.
I just kept on rambling, but the point that I want to make is that I always enjoy reading your posts, so thank you very much for that.

[carlsbadworker]

[quote=scaredycat]i want a screaming deal. I don’t think that time is now. I think these are acceptable deals. [/quote]
I think that’s the gist of it. I am in the same local market and I do believe that you can find acceptable deals right now but not “a screaming deal”. That said, I just put an offer on a property over the weekend, because apparently everyone is watching World Series and nobody is out looking. Still the seller (flipper, not bank) has not agreed to my 10% off listing price offer and still stands firm on his original price. It is a very nice house so it will be a good deal if I can get it at my price (roughly $85/sqft in Temecula), but it is far from what I would call a screaming deal.

[carlsbadworker]

[quote=scaredycat]i want a screaming deal. I don’t think that time is now. I think these are acceptable deals. [/quote]
I think that’s the gist of it. I am in the same local market and I do believe that you can find acceptable deals right now but not “a screaming deal”. That said, I just put an offer on a property over the weekend, because apparently everyone is watching World Series and nobody is out looking. Still the seller (flipper, not bank) has not agreed to my 10% off listing price offer and still stands firm on his original price. It is a very nice house so it will be a good deal if I can get it at my price (roughly $85/sqft in Temecula), but it is far from what I would call a screaming deal.

[carlsbadworker]

[quote=scaredycat]i want a screaming deal. I don’t think that time is now. I think these are acceptable deals. [/quote]
I think that’s the gist of it. I am in the same local market and I do believe that you can find acceptable deals right now but not “a screaming deal”. That said, I just put an offer on a property over the weekend, because apparently everyone is watching World Series and nobody is out looking. Still the seller (flipper, not bank) has not agreed to my 10% off listing price offer and still stands firm on his original price. It is a very nice house so it will be a good deal if I can get it at my price (roughly $85/sqft in Temecula), but it is far from what I would call a screaming deal.

[carlsbadworker]

[quote=scaredycat]i want a screaming deal. I don’t think that time is now. I think these are acceptable deals. [/quote]
I think that’s the gist of it. I am in the same local market and I do believe that you can find acceptable deals right now but not “a screaming deal”. That said, I just put an offer on a property over the weekend, because apparently everyone is watching World Series and nobody is out looking. Still the seller (flipper, not bank) has not agreed to my 10% off listing price offer and still stands firm on his original price. It is a very nice house so it will be a good deal if I can get it at my price (roughly $85/sqft in Temecula), but it is far from what I would call a screaming deal.

[carlsbadworker]

[quote=scaredycat]i want a screaming deal. I don’t think that time is now. I think these are acceptable deals. [/quote]
I think that’s the gist of it. I am in the same local market and I do believe that you can find acceptable deals right now but not “a screaming deal”. That said, I just put an offer on a property over the weekend, because apparently everyone is watching World Series and nobody is out looking. Still the seller (flipper, not bank) has not agreed to my 10% off listing price offer and still stands firm on his original price. It is a very nice house so it will be a good deal if I can get it at my price (roughly $85/sqft in Temecula), but it is far from what I would call a screaming deal.

[carlsbadworker]

I am actually thinking about the same thing so I can explain the rational of buying the primary residence first. The primary residence usually has more “quality” requirements and it justifies a higher price point (because you don’t have vacancy issue to deal with).
If you buy an investment first (e.g. condo), then you are hoping that the price will continue to drop for you to upgrade soon. Otherwise, you will be stuck in a house that you don’t like.
Investment comes after current consumption (which essentially what primary residence really is). If after I buy my primary residence, the price drops to a level that is so attractive, then I will invest in the property market. Otherwise, I might as well seek other investment opportunities.

I am not familiar with any tax/interest-rate advantages. So I hope someone would enlighten me what these impacts are.

[carlsbadworker]

I am actually thinking about the same thing so I can explain the rational of buying the primary residence first. The primary residence usually has more “quality” requirements and it justifies a higher price point (because you don’t have vacancy issue to deal with).
If you buy an investment first (e.g. condo), then you are hoping that the price will continue to drop for you to upgrade soon. Otherwise, you will be stuck in a house that you don’t like.
Investment comes after current consumption (which essentially what primary residence really is). If after I buy my primary residence, the price drops to a level that is so attractive, then I will invest in the property market. Otherwise, I might as well seek other investment opportunities.

I am not familiar with any tax/interest-rate advantages. So I hope someone would enlighten me what these impacts are.

[carlsbadworker]

I am actually thinking about the same thing so I can explain the rational of buying the primary residence first. The primary residence usually has more “quality” requirements and it justifies a higher price point (because you don’t have vacancy issue to deal with).
If you buy an investment first (e.g. condo), then you are hoping that the price will continue to drop for you to upgrade soon. Otherwise, you will be stuck in a house that you don’t like.
Investment comes after current consumption (which essentially what primary residence really is). If after I buy my primary residence, the price drops to a level that is so attractive, then I will invest in the property market. Otherwise, I might as well seek other investment opportunities.

I am not familiar with any tax/interest-rate advantages. So I hope someone would enlighten me what these impacts are.

[carlsbadworker]

I am actually thinking about the same thing so I can explain the rational of buying the primary residence first. The primary residence usually has more “quality” requirements and it justifies a higher price point (because you don’t have vacancy issue to deal with).
If you buy an investment first (e.g. condo), then you are hoping that the price will continue to drop for you to upgrade soon. Otherwise, you will be stuck in a house that you don’t like.
Investment comes after current consumption (which essentially what primary residence really is). If after I buy my primary residence, the price drops to a level that is so attractive, then I will invest in the property market. Otherwise, I might as well seek other investment opportunities.

I am not familiar with any tax/interest-rate advantages. So I hope someone would enlighten me what these impacts are.

[carlsbadworker]

I am actually thinking about the same thing so I can explain the rational of buying the primary residence first. The primary residence usually has more “quality” requirements and it justifies a higher price point (because you don’t have vacancy issue to deal with).
If you buy an investment first (e.g. condo), then you are hoping that the price will continue to drop for you to upgrade soon. Otherwise, you will be stuck in a house that you don’t like.
Investment comes after current consumption (which essentially what primary residence really is). If after I buy my primary residence, the price drops to a level that is so attractive, then I will invest in the property market. Otherwise, I might as well seek other investment opportunities.

I am not familiar with any tax/interest-rate advantages. So I hope someone would enlighten me what these impacts are.

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