[drboom]

Didn’t Rich tell us to expect something like this?

A rise in the DataQuack(tm) headline median could be a sign that the high end is starting to capitulate. This would drive up volume in that category and shift the overall median higher.

It will be interesting to see what the Case-Shiller report for February looks like.

[drboom]

Didn’t Rich tell us to expect something like this?

A rise in the DataQuack(tm) headline median could be a sign that the high end is starting to capitulate. This would drive up volume in that category and shift the overall median higher.

It will be interesting to see what the Case-Shiller report for February looks like.

[drboom]

[quote=FormerSanDiegan][quote=drboom]
we can’t afford to rent the house we’re proposing to buy. [/quote]

My, how times have changed.

[/quote]

Indeed. Last sale on the 3/1 1,000sf 1950s era stucco box & postage stamp in question was slightly over $400k.

[drboom]

[quote=FormerSanDiegan][quote=drboom]
we can’t afford to rent the house we’re proposing to buy. [/quote]

My, how times have changed.

[/quote]

Indeed. Last sale on the 3/1 1,000sf 1950s era stucco box & postage stamp in question was slightly over $400k.

[drboom]

[quote=FormerSanDiegan][quote=drboom]
we can’t afford to rent the house we’re proposing to buy. [/quote]

My, how times have changed.

[/quote]

Indeed. Last sale on the 3/1 1,000sf 1950s era stucco box & postage stamp in question was slightly over $400k.

[drboom]

[quote=FormerSanDiegan][quote=drboom]
we can’t afford to rent the house we’re proposing to buy. [/quote]

My, how times have changed.

[/quote]

Indeed. Last sale on the 3/1 1,000sf 1950s era stucco box & postage stamp in question was slightly over $400k.

[drboom]

[quote=FormerSanDiegan][quote=drboom]
we can’t afford to rent the house we’re proposing to buy. [/quote]

My, how times have changed.

[/quote]

Indeed. Last sale on the 3/1 1,000sf 1950s era stucco box & postage stamp in question was slightly over $400k.

[drboom]

[quote=temeculaguy](…) this is exaclty the scenario to look for, when it is cheaper to buy than rent without factoring the tax rammifications, then you are there.[/quote]

My wife and I are doing exactly that: we can’t afford to rent the house we’re proposing to buy. OTOH, is has been 2 months since our offer went in on this !%#^@!&%$ short sale, and we’re not in escrow yet. Still, we actually heard back from the bank yesterday, and it looks like it will go through barring a massive termite invasion, etc.

If push came to shove, we could rent it out for c. 20% more than our all-in costs (P&I, taxes, water/sewer, trash), so it’s not likely we’ll end up having to realize what I’m convinced will be a 10-20% paper loss over the next several years.

Condos pencil out even better in some parts of town IF–and it’s a big IF–the HOA is solvent and they haven’t been deferring maintenance for decades.

[drboom]

[quote=temeculaguy](…) this is exaclty the scenario to look for, when it is cheaper to buy than rent without factoring the tax rammifications, then you are there.[/quote]

My wife and I are doing exactly that: we can’t afford to rent the house we’re proposing to buy. OTOH, is has been 2 months since our offer went in on this !%#^@!&%$ short sale, and we’re not in escrow yet. Still, we actually heard back from the bank yesterday, and it looks like it will go through barring a massive termite invasion, etc.

If push came to shove, we could rent it out for c. 20% more than our all-in costs (P&I, taxes, water/sewer, trash), so it’s not likely we’ll end up having to realize what I’m convinced will be a 10-20% paper loss over the next several years.

Condos pencil out even better in some parts of town IF–and it’s a big IF–the HOA is solvent and they haven’t been deferring maintenance for decades.

[drboom]

[quote=temeculaguy](…) this is exaclty the scenario to look for, when it is cheaper to buy than rent without factoring the tax rammifications, then you are there.[/quote]

My wife and I are doing exactly that: we can’t afford to rent the house we’re proposing to buy. OTOH, is has been 2 months since our offer went in on this !%#^@!&%$ short sale, and we’re not in escrow yet. Still, we actually heard back from the bank yesterday, and it looks like it will go through barring a massive termite invasion, etc.

If push came to shove, we could rent it out for c. 20% more than our all-in costs (P&I, taxes, water/sewer, trash), so it’s not likely we’ll end up having to realize what I’m convinced will be a 10-20% paper loss over the next several years.

Condos pencil out even better in some parts of town IF–and it’s a big IF–the HOA is solvent and they haven’t been deferring maintenance for decades.

[drboom]

[quote=temeculaguy](…) this is exaclty the scenario to look for, when it is cheaper to buy than rent without factoring the tax rammifications, then you are there.[/quote]

My wife and I are doing exactly that: we can’t afford to rent the house we’re proposing to buy. OTOH, is has been 2 months since our offer went in on this !%#^@!&%$ short sale, and we’re not in escrow yet. Still, we actually heard back from the bank yesterday, and it looks like it will go through barring a massive termite invasion, etc.

If push came to shove, we could rent it out for c. 20% more than our all-in costs (P&I, taxes, water/sewer, trash), so it’s not likely we’ll end up having to realize what I’m convinced will be a 10-20% paper loss over the next several years.

Condos pencil out even better in some parts of town IF–and it’s a big IF–the HOA is solvent and they haven’t been deferring maintenance for decades.

[drboom]

[quote=temeculaguy](…) this is exaclty the scenario to look for, when it is cheaper to buy than rent without factoring the tax rammifications, then you are there.[/quote]

My wife and I are doing exactly that: we can’t afford to rent the house we’re proposing to buy. OTOH, is has been 2 months since our offer went in on this !%#^@!&%$ short sale, and we’re not in escrow yet. Still, we actually heard back from the bank yesterday, and it looks like it will go through barring a massive termite invasion, etc.

If push came to shove, we could rent it out for c. 20% more than our all-in costs (P&I, taxes, water/sewer, trash), so it’s not likely we’ll end up having to realize what I’m convinced will be a 10-20% paper loss over the next several years.

Condos pencil out even better in some parts of town IF–and it’s a big IF–the HOA is solvent and they haven’t been deferring maintenance for decades.

[drboom]

[quote=BGinRB]I think Rancho Santa Fe, Del Mar Elementary, SOlana Beach Elementary and Carmel Unified are all ranked higher than Poway Unified.[/quote]

I will never understand how Poway Unified got such a great reputation. Their schools look great in the test scores until you compare them to districts with similar socioeconomic status. Then they are just middle of the road, nothing special. I’m beginning to think “great schools” is just a code phrase for “no brown people”.

My wife is a teacher and doesn’t want to have anything to do with that district after talking to people who worked there. It’s hard to know what’s worse: the spoiled kids or their my-little-Johnny-can-do-no-wrong parents.

Disclaimer: I’m a homemaker and we’re homeschooling our kids, so I don’t really have a dog in this fight.

[drboom]

[quote=BGinRB]I think Rancho Santa Fe, Del Mar Elementary, SOlana Beach Elementary and Carmel Unified are all ranked higher than Poway Unified.[/quote]

I will never understand how Poway Unified got such a great reputation. Their schools look great in the test scores until you compare them to districts with similar socioeconomic status. Then they are just middle of the road, nothing special. I’m beginning to think “great schools” is just a code phrase for “no brown people”.

My wife is a teacher and doesn’t want to have anything to do with that district after talking to people who worked there. It’s hard to know what’s worse: the spoiled kids or their my-little-Johnny-can-do-no-wrong parents.

Disclaimer: I’m a homemaker and we’re homeschooling our kids, so I don’t really have a dog in this fight.

[drboom]

[quote=BGinRB]I think Rancho Santa Fe, Del Mar Elementary, SOlana Beach Elementary and Carmel Unified are all ranked higher than Poway Unified.[/quote]

I will never understand how Poway Unified got such a great reputation. Their schools look great in the test scores until you compare them to districts with similar socioeconomic status. Then they are just middle of the road, nothing special. I’m beginning to think “great schools” is just a code phrase for “no brown people”.

My wife is a teacher and doesn’t want to have anything to do with that district after talking to people who worked there. It’s hard to know what’s worse: the spoiled kids or their my-little-Johnny-can-do-no-wrong parents.

Disclaimer: I’m a homemaker and we’re homeschooling our kids, so I don’t really have a dog in this fight.

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