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davidpeace
Participantour house is not on the border of San Marcos, but is still considered the “west” side of Escondido. We are still about a mile-ish east of the 15. And also about a mile north of the 78. It’s a country club area (near Riedy Creek). There arent any train tracks, and aren’t mobile homes either. It’s all new communities around there.
Participant“davidpeace is braindead. Guys, quit wasting your time trying to explain the obvious to this guy. Based on his emails he is either braindead or on crack. There is no sense in trying to rationalize with people like that.”
I stand corrected…there still are pompous aholes here. I’ve been called moronic too.
Wow…thanks guys…this is the positivity I love around here! Lets go have drinks some time!
Is there a way to close this forum, so I don’t get jerks like you judging me?
ParticipantFinally some polite responses….thank you for toning it down! The only thing I protest is I’ve seen several responses about the schools in Escondido, and:
‘Just take a Sunday drive with your wife down Valley Parkway and see how long it takes for her to lock her door. Stop and visit one of the city parks and go for a stroll, point out all the +’s and -‘s. Stop by Orange Glen H.S. your kid could be a Patriot. That is Escondido. Or you could drive down Revolution Blvd. in T.J. and see the same thing.’
It sounds as if you are referring to the eastert sides of Escondido…the west side is much nicer (near San Marcos). Also, I’m having a BABY, and the hardly constitutes me planning for their high school? I, myelf, grew up in Escondido…I went to L R Green! Escondido itself is not bad…it just has ghetto parts! Both my parents live in Escondido…my wife and I know Escondido inside and out. You sound like you’ve only seen the ghetto parts.
Also, to whoever asked about my profession, I’m a senior software architect for a company in Mira Mesa. A month ago I looked for a job, I got 9 calls in 24 hours, and had a job by the following week. My skills are in demand, and I’m confident in that. Since I have 6 figures+ coming in, I am not worried about the monthly payments you all think are ghastly.
I appreciated the POLITE advice I got now, much more than the impulsive negativity i originally got. I do see there is a trend with all your advice. Prices will continue to drop…I know this…my wife knows this. Our OPINION is that the prices will continue to fall for MAX 3 more years. The CA minimum wage will kick up in January 07, HOPEFULLY helping boost salaries over all, devaluing the dollar a little. And it’s supposed to raise a little more in 08. I’m no economic expert…I go by what I see & feel. But by those means, I could easily see my house appreciating in 5 years. (but apparently the ‘recession’ everyone here is talking about, is inevetable)
And BTW: Just because I WANT to disagree with you all, because I’m in the middle of the biggest purchase of my life, doesn’t mean I’m a real estate agent. Anyways, I think I’ve gotten all the advice I need. Thanks.
Participantdid I mention you all sound like pompous self-righteous a-holes? cuz that’s what I meant…
Participantwhats with all this “troll” nonsense? I came here for real world advice…got nothing but a-holes with oppinions that obviously have no basis, because no one has brought me any proof except for their negative oppinions.
Thanks for all the useless information guys…I’ll be sure to take you oppinions to the bank!
ParticipantThe trend I’m seeing here is matter-of-fact thinking. Are you all psychics? Last time I checked, I thought any kind of economic speculation is just that, SPECULATION. I hate to get a little miffed, but here are my responses to some comments here:
“Your income is stable throughout the upcoming recession.” What recession are you speaking of? Can you link me to some proof, or is this your speculation?
“You won’t be forced into foreclosure when your ARM adjusts.” I dont have an ARM, i have a 30 year fixed I+P 6.6%
“You don’t mind losing half of your home’s value. Prices will decline 35% – 50%”
Again, are you psychic? Are you guys forgetting we live in the most desirable place on the planet?“In 5 years it will definitely be worth much less than you are paying for it. That is just the cold, hard truth.”
Again, oppinions touted as fact?I think what many of you fail to see is that San Diego will ALWAYS be desirable (save for a bad terrorist attack) People want to live here…we are running out of space, so of course prices will continue to rise. I know prices are dropping, but I also believe it will rebound like it always does in a few years.
Heck New York got attacked, and their home prices are still outrageous!!! Or what about the Bay Area? Same idea…
We live in San Diego folks!!!! This place is where people WANT to be…I don’t know where you guys can get these crazy figures. (50% decline is almost laughable to me)
Anyways, thanks for all your comments….but I see that I will not get any actual REAL advice here. Only people saying outrageous figures for effect.
And btw: don’t bring the history repeats itself argument. Yes, history does repeat itself, but we’ve never seen a real estate increase like this either…never seen before increase, means a re-establishment for our ideas about real estate. It does NOT necessarily mean a catostrophic crash.
Participantwe don’t expect a 20% gain in five years, we wanted 10-15% (not that it’s that much different)
So is this blog just about being negative then? I’ve been reading it for the past year, and all I read are bad things.
“dont buy, dont buy, dont buy” Is pretty much the mantra.
If I can’t expect a 10% gain, then what can I expect in 5 years?
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