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DWCAP
ParticipantName is dumb and has nothing to do with RE. The first time I went to San Diego was when I was 16 and apart of an outrigging team made up of my high school buddies. So anyways, we enrolled in a race here in SD, told our parents that each of us was sleeping at another guys house before the race and that the coach (we didnt have a coach) was driving us down, threw a party at a guys house who’s parents were outa town (incidently where I met my first GF) got plastered like you only do in school, (I stayed sober to drive) and at 3am drove to san diego to race at 9 am the next morning. The weather sucked, the surf was up, and we were all hung over as hell, except for me, who was 1man and hadnt slept in 26 hours. We were very proud that we were not the last team to finish, and we didnt flip the boat (though we did nearly hit the sea wall going in/out of mission bay.
Anyways the name of the team was Da Wrecking Crew, and my initals are AP. Well really the name was ‘captain winky and the pocket rockets’, but we couldnt wear that as a shirt at our little private christian school where we were getting PE credit for doing this. Anyways, we all had shirts that said DWCxx.When I moved to SD in 2006 the only ties I had to the city was that one trip, and an ex Girl Friend. Since I wasnt about to name myself after her, DWCAP it was.
Participantdamn,,,
Participantdamn,,,
Participantdamn,,,
Participantdamn,,,
Participantdamn,,,
Participantand as the SDRE guys both said, good luck finding something you like in that range. It is nuts out there right now. Unless you are are looking for a 2/2 condo downtown that is.
Participantand as the SDRE guys both said, good luck finding something you like in that range. It is nuts out there right now. Unless you are are looking for a 2/2 condo downtown that is.
Participantand as the SDRE guys both said, good luck finding something you like in that range. It is nuts out there right now. Unless you are are looking for a 2/2 condo downtown that is.
Participantand as the SDRE guys both said, good luck finding something you like in that range. It is nuts out there right now. Unless you are are looking for a 2/2 condo downtown that is.
Participantand as the SDRE guys both said, good luck finding something you like in that range. It is nuts out there right now. Unless you are are looking for a 2/2 condo downtown that is.
ParticipantI think your income is good for the lower end of your price range. 3 *140k is 420k, so if you could find something you like at 400k, it isnt outa line. I am assuming you will want to do some work to it as you are prop gonna get a short sale or a REO, so dont stretch too much to just get into the house.
The answer if you can afford this lies in the stuff you left out.
1) Where are you in your life? IF you are 55 and nearling retirment and at the top of your income potential, this may not be a good idea. If you are just outa college and are still in your twenties and are making 140k you are much better off.
2) Where is this down payment coming from? Is it cash in the bank outside of a basic safty cushion of 6 months income? Or are you cleaning out your 401k, your roth, Aunt betties savings bonds she left you, the kids piggy bank and the couch coushins to get it? Remember, you will have to furnish a house, fix some stuff, prob redo the yard and kitchen, get appliances if they are already gone. It isnt cheap. And what happens if one of you joins the other 500+ thousand people who lost their job LAST MONTH. Do you have a safty net?
3) Are you willing to live in the area you are looking to buy in? I could afford a house in Temecula right now, but I dont want to live there. (nothing against those that do) I work in SD and I dont like the 5 mile commute I have now. drive an hour each way???? Id rather move to the midwest and buy a bunch of land and a nice house and deal with snow and hot summers. That is just me. You know you. Are you willing to live 5+ years in that house, with that weather, with that commute, with that school system? If not then emmotionally you cant afford that house.
ParticipantI think your income is good for the lower end of your price range. 3 *140k is 420k, so if you could find something you like at 400k, it isnt outa line. I am assuming you will want to do some work to it as you are prop gonna get a short sale or a REO, so dont stretch too much to just get into the house.
The answer if you can afford this lies in the stuff you left out.
1) Where are you in your life? IF you are 55 and nearling retirment and at the top of your income potential, this may not be a good idea. If you are just outa college and are still in your twenties and are making 140k you are much better off.
2) Where is this down payment coming from? Is it cash in the bank outside of a basic safty cushion of 6 months income? Or are you cleaning out your 401k, your roth, Aunt betties savings bonds she left you, the kids piggy bank and the couch coushins to get it? Remember, you will have to furnish a house, fix some stuff, prob redo the yard and kitchen, get appliances if they are already gone. It isnt cheap. And what happens if one of you joins the other 500+ thousand people who lost their job LAST MONTH. Do you have a safty net?
3) Are you willing to live in the area you are looking to buy in? I could afford a house in Temecula right now, but I dont want to live there. (nothing against those that do) I work in SD and I dont like the 5 mile commute I have now. drive an hour each way???? Id rather move to the midwest and buy a bunch of land and a nice house and deal with snow and hot summers. That is just me. You know you. Are you willing to live 5+ years in that house, with that weather, with that commute, with that school system? If not then emmotionally you cant afford that house.
ParticipantI think your income is good for the lower end of your price range. 3 *140k is 420k, so if you could find something you like at 400k, it isnt outa line. I am assuming you will want to do some work to it as you are prop gonna get a short sale or a REO, so dont stretch too much to just get into the house.
The answer if you can afford this lies in the stuff you left out.
1) Where are you in your life? IF you are 55 and nearling retirment and at the top of your income potential, this may not be a good idea. If you are just outa college and are still in your twenties and are making 140k you are much better off.
2) Where is this down payment coming from? Is it cash in the bank outside of a basic safty cushion of 6 months income? Or are you cleaning out your 401k, your roth, Aunt betties savings bonds she left you, the kids piggy bank and the couch coushins to get it? Remember, you will have to furnish a house, fix some stuff, prob redo the yard and kitchen, get appliances if they are already gone. It isnt cheap. And what happens if one of you joins the other 500+ thousand people who lost their job LAST MONTH. Do you have a safty net?
3) Are you willing to live in the area you are looking to buy in? I could afford a house in Temecula right now, but I dont want to live there. (nothing against those that do) I work in SD and I dont like the 5 mile commute I have now. drive an hour each way???? Id rather move to the midwest and buy a bunch of land and a nice house and deal with snow and hot summers. That is just me. You know you. Are you willing to live 5+ years in that house, with that weather, with that commute, with that school system? If not then emmotionally you cant afford that house.
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