[Coronita]

"The bigger challenge will be the ability to be remain solvent of the next several years in order take advantage of the bottom."

So many people don't realize this. All that cash can disappear quickly when faced with no job.

 

….and if the stock market, 401k acounts, come crashing down. Hence, my reoccurring comment. I hope we're all wrong about the crashing economy….I want house prices to come down so they make sense at investments. Personally, I'm not hoping for a complete collapse of the economy, because me thinks most of us average joe's won't be able to purchase houses then. And yes, my average joe applies to you low-side millionaire households.

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

"The bigger challenge will be the ability to be remain solvent of the next several years in order take advantage of the bottom."

So many people don't realize this. All that cash can disappear quickly when faced with no job.

 

….and if the stock market, 401k acounts, come crashing down. Hence, my reoccurring comment. I hope we're all wrong about the crashing economy….I want house prices to come down so they make sense at investments. Personally, I'm not hoping for a complete collapse of the economy, because me thinks most of us average joe's won't be able to purchase houses then. And yes, my average joe applies to you low-side millionaire households.

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

"The bigger challenge will be the ability to be remain solvent of the next several years in order take advantage of the bottom."

So many people don't realize this. All that cash can disappear quickly when faced with no job.

 

….and if the stock market, 401k acounts, come crashing down. Hence, my reoccurring comment. I hope we're all wrong about the crashing economy….I want house prices to come down so they make sense at investments. Personally, I'm not hoping for a complete collapse of the economy, because me thinks most of us average joe's won't be able to purchase houses then. And yes, my average joe applies to you low-side millionaire households.

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

"The bigger challenge will be the ability to be remain solvent of the next several years in order take advantage of the bottom."

So many people don't realize this. All that cash can disappear quickly when faced with no job.

 

….and if the stock market, 401k acounts, come crashing down. Hence, my reoccurring comment. I hope we're all wrong about the crashing economy….I want house prices to come down so they make sense at investments. Personally, I'm not hoping for a complete collapse of the economy, because me thinks most of us average joe's won't be able to purchase houses then. And yes, my average joe applies to you low-side millionaire households.

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

"The bigger challenge will be the ability to be remain solvent of the next several years in order take advantage of the bottom."

So many people don't realize this. All that cash can disappear quickly when faced with no job.

 

….and if the stock market, 401k acounts, come crashing down. Hence, my reoccurring comment. I hope we're all wrong about the crashing economy….I want house prices to come down so they make sense at investments. Personally, I'm not hoping for a complete collapse of the economy, because me thinks most of us average joe's won't be able to purchase houses then. And yes, my average joe applies to you low-side millionaire households.

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

It's also how you look at it. If I buy a house that is 800k I will have little left over every month after paying the mortgage. So I will feel poor. It does not matter if that house goes up in value. I still have the same amount left after making the payment. I could not go out to eat very often or take nice vacations or buy big flat screens or even play nice golf courses. Now if that house drops to 600k and I buy it, I will have a much better quality of life. I will be able to spend that extra money on my leisure activities. I will feel richer! I'm hoping it drops to $400k, then I can play a few rounds at Pebble Beach 🙂

 

I definitely "felt" richer when I was fresh out of school on my first job , renting  a condo $660/month in LJ making $45k/year back in 96 than I do now, with  a $5000/month house obligation (mortgage+tax+insurance+melloruse+utilities) and $1500/month childcare though my salary are a couple of factors above what I was making. I don't feel "rich" at all. Oh well. Time tap my heloc

 

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

It's also how you look at it. If I buy a house that is 800k I will have little left over every month after paying the mortgage. So I will feel poor. It does not matter if that house goes up in value. I still have the same amount left after making the payment. I could not go out to eat very often or take nice vacations or buy big flat screens or even play nice golf courses. Now if that house drops to 600k and I buy it, I will have a much better quality of life. I will be able to spend that extra money on my leisure activities. I will feel richer! I'm hoping it drops to $400k, then I can play a few rounds at Pebble Beach 🙂

 

I definitely "felt" richer when I was fresh out of school on my first job , renting  a condo $660/month in LJ making $45k/year back in 96 than I do now, with  a $5000/month house obligation (mortgage+tax+insurance+melloruse+utilities) and $1500/month childcare though my salary are a couple of factors above what I was making. I don't feel "rich" at all. Oh well. Time tap my heloc

 

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

It's also how you look at it. If I buy a house that is 800k I will have little left over every month after paying the mortgage. So I will feel poor. It does not matter if that house goes up in value. I still have the same amount left after making the payment. I could not go out to eat very often or take nice vacations or buy big flat screens or even play nice golf courses. Now if that house drops to 600k and I buy it, I will have a much better quality of life. I will be able to spend that extra money on my leisure activities. I will feel richer! I'm hoping it drops to $400k, then I can play a few rounds at Pebble Beach 🙂

 

I definitely "felt" richer when I was fresh out of school on my first job , renting  a condo $660/month in LJ making $45k/year back in 96 than I do now, with  a $5000/month house obligation (mortgage+tax+insurance+melloruse+utilities) and $1500/month childcare though my salary are a couple of factors above what I was making. I don't feel "rich" at all. Oh well. Time tap my heloc

 

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

It's also how you look at it. If I buy a house that is 800k I will have little left over every month after paying the mortgage. So I will feel poor. It does not matter if that house goes up in value. I still have the same amount left after making the payment. I could not go out to eat very often or take nice vacations or buy big flat screens or even play nice golf courses. Now if that house drops to 600k and I buy it, I will have a much better quality of life. I will be able to spend that extra money on my leisure activities. I will feel richer! I'm hoping it drops to $400k, then I can play a few rounds at Pebble Beach 🙂

 

I definitely "felt" richer when I was fresh out of school on my first job , renting  a condo $660/month in LJ making $45k/year back in 96 than I do now, with  a $5000/month house obligation (mortgage+tax+insurance+melloruse+utilities) and $1500/month childcare though my salary are a couple of factors above what I was making. I don't feel "rich" at all. Oh well. Time tap my heloc

 

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

It's also how you look at it. If I buy a house that is 800k I will have little left over every month after paying the mortgage. So I will feel poor. It does not matter if that house goes up in value. I still have the same amount left after making the payment. I could not go out to eat very often or take nice vacations or buy big flat screens or even play nice golf courses. Now if that house drops to 600k and I buy it, I will have a much better quality of life. I will be able to spend that extra money on my leisure activities. I will feel richer! I'm hoping it drops to $400k, then I can play a few rounds at Pebble Beach 🙂

 

I definitely "felt" richer when I was fresh out of school on my first job , renting  a condo $660/month in LJ making $45k/year back in 96 than I do now, with  a $5000/month house obligation (mortgage+tax+insurance+melloruse+utilities) and $1500/month childcare though my salary are a couple of factors above what I was making. I don't feel "rich" at all. Oh well. Time tap my heloc

 

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

Ah yes, I remember that thread that you started awhile ago. I don't care about how fire-resistant a house can be. If it's in a fire zone, it's in a fire zone. period. No house (unless made out of concrete completely) is fireproof. I guess the issue I have is as a rental, financially 4s doesn't make sense it seems.

But even if the dollars do line up in the future, I'm just wondering if there are others that would consider 4s as rental, given the past firestorms we had, and the risk these communities are in this firezone….because I don't think it's the last firestorm we will see.

 I'm wondering how insurance deals with rental income lost from a firestorm. I know that insurance companies were paying homeowners loss of use compensation from the fires, but wondering how rental properties were compensated (if at all).

 

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

Ah yes, I remember that thread that you started awhile ago. I don't care about how fire-resistant a house can be. If it's in a fire zone, it's in a fire zone. period. No house (unless made out of concrete completely) is fireproof. I guess the issue I have is as a rental, financially 4s doesn't make sense it seems.

But even if the dollars do line up in the future, I'm just wondering if there are others that would consider 4s as rental, given the past firestorms we had, and the risk these communities are in this firezone….because I don't think it's the last firestorm we will see.

 I'm wondering how insurance deals with rental income lost from a firestorm. I know that insurance companies were paying homeowners loss of use compensation from the fires, but wondering how rental properties were compensated (if at all).

 

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

Ah yes, I remember that thread that you started awhile ago. I don't care about how fire-resistant a house can be. If it's in a fire zone, it's in a fire zone. period. No house (unless made out of concrete completely) is fireproof. I guess the issue I have is as a rental, financially 4s doesn't make sense it seems.

But even if the dollars do line up in the future, I'm just wondering if there are others that would consider 4s as rental, given the past firestorms we had, and the risk these communities are in this firezone….because I don't think it's the last firestorm we will see.

 I'm wondering how insurance deals with rental income lost from a firestorm. I know that insurance companies were paying homeowners loss of use compensation from the fires, but wondering how rental properties were compensated (if at all).

 

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

Ah yes, I remember that thread that you started awhile ago. I don't care about how fire-resistant a house can be. If it's in a fire zone, it's in a fire zone. period. No house (unless made out of concrete completely) is fireproof. I guess the issue I have is as a rental, financially 4s doesn't make sense it seems.

But even if the dollars do line up in the future, I'm just wondering if there are others that would consider 4s as rental, given the past firestorms we had, and the risk these communities are in this firezone….because I don't think it's the last firestorm we will see.

 I'm wondering how insurance deals with rental income lost from a firestorm. I know that insurance companies were paying homeowners loss of use compensation from the fires, but wondering how rental properties were compensated (if at all).

 

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

Ah yes, I remember that thread that you started awhile ago. I don't care about how fire-resistant a house can be. If it's in a fire zone, it's in a fire zone. period. No house (unless made out of concrete completely) is fireproof. I guess the issue I have is as a rental, financially 4s doesn't make sense it seems.

But even if the dollars do line up in the future, I'm just wondering if there are others that would consider 4s as rental, given the past firestorms we had, and the risk these communities are in this firezone….because I don't think it's the last firestorm we will see.

 I'm wondering how insurance deals with rental income lost from a firestorm. I know that insurance companies were paying homeowners loss of use compensation from the fires, but wondering how rental properties were compensated (if at all).

 

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Author]

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