[desmond]

[quote=sdrealtor]One request. Lets try not to turn this into a battle over interpretations and try to keep this one focused on the data. Maybe we can start a separate thread if folks want to dicuss it.

Both ratios are very low. In a more freely traded market ratios like that would put upward pressure on prices. We are in anything but a freely traded market at the moment.[/quote]

Classic sdr,

[desmond]

One more thing, each place that we have moved to we watched crumble. The first was Valencia, 91354, were some newly built townhomes that sold for $600K they started dropping when we moved in in 2005 and now most are in foreclosure or on the market for under 300k. Then we moved to another neighborhood in 91355, homes started being vacated and we noticed extended families moving back home. Even the “exclusive” Hope Ranch in Santa Barbara,93110, was turning sour when we moved out.

[desmond]

It is a beautiful area, the house we rent is awesome and only $1500/month. My wife and I both work from the home. Our two kids are out of the house (we sold in 2005 and have rented since) and I like to be adventurous. We lived for a 1 1/2 years in a pool house located in Hope Ranch in Santa Barbara before moving here. My wife thinks I’m crazy but we get along better now than ever before. I’m not sure what will be next.

[desmond]

And Stockton (Cal’s 13 largest city) is on the outside and coming fast:

http://www.huffingtonpost.com/2012/02/29/stockton-bankruptcy-california_n_1311339.html

[desmond]

You mean the 5′ x 8′ Zieman trailer, I am not in the toy hauler group.

[desmond]

Cue the music from Deliverance:

160 were foreclosures. The local high school is losing students (money) the board voted last year to cutout all sports programs, they were saved by the booster club for now. The guy one street up has now turned his dirt driveway and front yard into a engine repair yard. I keep buying more ammo. Pick your retirement home carefully.

[desmond]

It does help to be 6′ 3″ and good looking, but no need to be confused, I bought some land and my wife was also given some land. Just remember the next time you’re filling up your tank you are contributing to my retirement, thanks in advance.

[desmond]

Start about 80 years ago. This is my wife’s side of the family. Her Grandpa started buying and selling land back then looking for oil & gas. He ended up with some hits and misses. But, as usual, after he died a large tract that he owned was purchased by the Ft. Worth water distict and they turned it into a 45k acre lake. They kept some of the land that is now lakefront property and sold some lots and still have more. And with the price of oil and gas now they opened back up some old wells that they had and started out with income of 6 figures, monthly… I am holding VLO.

[desmond]

[quote=no_such_reality]Skip San Diego and buy productive farm land.

Food inflation is just starting, it’ll make Gold look like chump change.[/quote]

I have some acerage in Texas that I lease out each year for grazing and farming. I bought it over 10 years ago and it has almost doubled in value, although the value is not like the value of owning a home. I also got lucky and have had a producing oil and natural gas well on it for the last seven years. Another good thing is that the cows never call and need the plumbing fixed.

[desmond]

[quote=sdrealtor]svelte
An absolute classic. I havent read one of BG’s posts in months but the quoted passage from one fo them is just astounding. Commenting on a community visited 13 years ago to buy a used car from Autotrader and claiming some level of knowledge about that place. Who does that? That is mental illness. Nothing more…nothing less.[/quote]

The above post serves no purpose other than to try to humiliate another poster. It is a low blow, mean and uncalled for. Going back and forth over a property is one thing, name calling and insinuating somebody is metally ill is a bullying tactic that I find deplorable.

[desmond]

At least the typo on the title wasn’t Pubic.

[desmond]

Whatever the reason for selling this house, guessing why it is being sold is just guessing, buying in a declining market is very risky. Of course investors are out trying to buy distressed sales at “bargain basement prices”. The non-distressed sellers really have no choice and will have to hang on and “wait for better prices”.

[desmond]

It could have been worse:

http://articles.latimes.com/2012/feb/17/local/la-me-epic-traffic-20120217

“One driver of a Camry simply shot off into the desert”

[desmond]

I am not sure if it this will just turn into “Flu’s favorites”, but I am “Lin” terested enough to read it.

[desmond]

[quote=pri_dk]If I had to go to a dentist in Mexico, I wouldn’t be worried about the pain.

I’d be worried about not waking up.[/quote]

He might die from the implants but at least he would look “thin” on the gurney on the way out.

[Author]

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