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faterikcartman
Participant[quote=bearishgurl][quote=sdrealtor]The persist for a few years is the key but that doesnt mean wait a few years and then head out. The best deals are very elusive. The house my client is getting is the kind that stays in a family forever and only rarely do properties like this hit the market at any time or any price. If you arent looking now and arent ready to strike when that opportunity presents itself (which could take a couple eyars of work to find) it is very unlikely you will be among the truly big winners in this cycle.[/quote]
For ONCE, sdr . . . I agree. I’ve experienced a few “cycles” in my lifetime and always have known this. I’ve tried to articulate this concept here, but feel it may have fallen on deaf ears :={[/quote]
The wife and I, between 1999 and 2001 had our eye on harbour and down town LR view Point Loma house for $625K to Rancho Santa Fe under $1M. We could have afforded them at the time and would have made an absolute killing on either. But we were young, afraid, and inexperienced. We are determined to not sit on the sidelines and miss this period as well because we’re too afraid of making a mistake.
Participant[quote=bearishgurl][quote=sdrealtor]The persist for a few years is the key but that doesnt mean wait a few years and then head out. The best deals are very elusive. The house my client is getting is the kind that stays in a family forever and only rarely do properties like this hit the market at any time or any price. If you arent looking now and arent ready to strike when that opportunity presents itself (which could take a couple eyars of work to find) it is very unlikely you will be among the truly big winners in this cycle.[/quote]
For ONCE, sdr . . . I agree. I’ve experienced a few “cycles” in my lifetime and always have known this. I’ve tried to articulate this concept here, but feel it may have fallen on deaf ears :={[/quote]
The wife and I, between 1999 and 2001 had our eye on harbour and down town LR view Point Loma house for $625K to Rancho Santa Fe under $1M. We could have afforded them at the time and would have made an absolute killing on either. But we were young, afraid, and inexperienced. We are determined to not sit on the sidelines and miss this period as well because we’re too afraid of making a mistake.
Participant[quote=bearishgurl][quote=sdrealtor]The persist for a few years is the key but that doesnt mean wait a few years and then head out. The best deals are very elusive. The house my client is getting is the kind that stays in a family forever and only rarely do properties like this hit the market at any time or any price. If you arent looking now and arent ready to strike when that opportunity presents itself (which could take a couple eyars of work to find) it is very unlikely you will be among the truly big winners in this cycle.[/quote]
For ONCE, sdr . . . I agree. I’ve experienced a few “cycles” in my lifetime and always have known this. I’ve tried to articulate this concept here, but feel it may have fallen on deaf ears :={[/quote]
The wife and I, between 1999 and 2001 had our eye on harbour and down town LR view Point Loma house for $625K to Rancho Santa Fe under $1M. We could have afforded them at the time and would have made an absolute killing on either. But we were young, afraid, and inexperienced. We are determined to not sit on the sidelines and miss this period as well because we’re too afraid of making a mistake.
Participant[quote=bearishgurl][quote=sdrealtor]The persist for a few years is the key but that doesnt mean wait a few years and then head out. The best deals are very elusive. The house my client is getting is the kind that stays in a family forever and only rarely do properties like this hit the market at any time or any price. If you arent looking now and arent ready to strike when that opportunity presents itself (which could take a couple eyars of work to find) it is very unlikely you will be among the truly big winners in this cycle.[/quote]
For ONCE, sdr . . . I agree. I’ve experienced a few “cycles” in my lifetime and always have known this. I’ve tried to articulate this concept here, but feel it may have fallen on deaf ears :={[/quote]
The wife and I, between 1999 and 2001 had our eye on harbour and down town LR view Point Loma house for $625K to Rancho Santa Fe under $1M. We could have afforded them at the time and would have made an absolute killing on either. But we were young, afraid, and inexperienced. We are determined to not sit on the sidelines and miss this period as well because we’re too afraid of making a mistake.
Participant[quote=sdrealtor]. The best deals are very elusive. The house my client is getting is the kind that stays in a family forever and only rarely do properties like this hit the market at any time or any price. If you arent looking now and arent ready to strike when that opportunity presents itself (which could take a couple eyars of work to find) it is very unlikely you will be among the truly big winners in this cycle.[/quote]
This too. If you’ve got a lot, relatively, of money to spend your particulars are generally, well, more particular. We have made house hunting almost a hobby for eleven years. It is remarkable how rare the great deal “dream home” houses and lots really are. Oh we’ve seen many in magazines and on the Internet, but those rarely are the same in person.
If you are looking at it purely from a financial sense maybe you don’t need to get going, but if you’re looking for a house you could die in I would start looking now. Earnestly.
Participant[quote=sdrealtor]. The best deals are very elusive. The house my client is getting is the kind that stays in a family forever and only rarely do properties like this hit the market at any time or any price. If you arent looking now and arent ready to strike when that opportunity presents itself (which could take a couple eyars of work to find) it is very unlikely you will be among the truly big winners in this cycle.[/quote]
This too. If you’ve got a lot, relatively, of money to spend your particulars are generally, well, more particular. We have made house hunting almost a hobby for eleven years. It is remarkable how rare the great deal “dream home” houses and lots really are. Oh we’ve seen many in magazines and on the Internet, but those rarely are the same in person.
If you are looking at it purely from a financial sense maybe you don’t need to get going, but if you’re looking for a house you could die in I would start looking now. Earnestly.
Participant[quote=sdrealtor]. The best deals are very elusive. The house my client is getting is the kind that stays in a family forever and only rarely do properties like this hit the market at any time or any price. If you arent looking now and arent ready to strike when that opportunity presents itself (which could take a couple eyars of work to find) it is very unlikely you will be among the truly big winners in this cycle.[/quote]
This too. If you’ve got a lot, relatively, of money to spend your particulars are generally, well, more particular. We have made house hunting almost a hobby for eleven years. It is remarkable how rare the great deal “dream home” houses and lots really are. Oh we’ve seen many in magazines and on the Internet, but those rarely are the same in person.
If you are looking at it purely from a financial sense maybe you don’t need to get going, but if you’re looking for a house you could die in I would start looking now. Earnestly.
Participant[quote=sdrealtor]. The best deals are very elusive. The house my client is getting is the kind that stays in a family forever and only rarely do properties like this hit the market at any time or any price. If you arent looking now and arent ready to strike when that opportunity presents itself (which could take a couple eyars of work to find) it is very unlikely you will be among the truly big winners in this cycle.[/quote]
This too. If you’ve got a lot, relatively, of money to spend your particulars are generally, well, more particular. We have made house hunting almost a hobby for eleven years. It is remarkable how rare the great deal “dream home” houses and lots really are. Oh we’ve seen many in magazines and on the Internet, but those rarely are the same in person.
If you are looking at it purely from a financial sense maybe you don’t need to get going, but if you’re looking for a house you could die in I would start looking now. Earnestly.
Participant[quote=sdrealtor]. The best deals are very elusive. The house my client is getting is the kind that stays in a family forever and only rarely do properties like this hit the market at any time or any price. If you arent looking now and arent ready to strike when that opportunity presents itself (which could take a couple eyars of work to find) it is very unlikely you will be among the truly big winners in this cycle.[/quote]
This too. If you’ve got a lot, relatively, of money to spend your particulars are generally, well, more particular. We have made house hunting almost a hobby for eleven years. It is remarkable how rare the great deal “dream home” houses and lots really are. Oh we’ve seen many in magazines and on the Internet, but those rarely are the same in person.
If you are looking at it purely from a financial sense maybe you don’t need to get going, but if you’re looking for a house you could die in I would start looking now. Earnestly.
Participant[quote=sdrealtor]Articles like that are written to sell newpapers and are pretty meaningless. What does it mean when they say high end prices are about where they were in 2005? It doesnt mean anything to my client who is in escrow on a prime coastal property at what is a 2000 and possibly a 1999 price. We are already close enough to a bottom. There is no point in time when everything magically hits bottom. There is a period of time where the smart buyers can go out armed with knowledge, money and a great agent to make their own bottom. That time is now and will persist for a few years. That is were the big winners will be found. Those of you sitting out there waiting for some magical moment will not be among them.[/quote]
This.
We’ve got offers on two short sales right now. Buy low sell high is great advice for stocks or real estate.
Timing either market is not, IMO.
YMMV.Participant[quote=sdrealtor]Articles like that are written to sell newpapers and are pretty meaningless. What does it mean when they say high end prices are about where they were in 2005? It doesnt mean anything to my client who is in escrow on a prime coastal property at what is a 2000 and possibly a 1999 price. We are already close enough to a bottom. There is no point in time when everything magically hits bottom. There is a period of time where the smart buyers can go out armed with knowledge, money and a great agent to make their own bottom. That time is now and will persist for a few years. That is were the big winners will be found. Those of you sitting out there waiting for some magical moment will not be among them.[/quote]
This.
We’ve got offers on two short sales right now. Buy low sell high is great advice for stocks or real estate.
Timing either market is not, IMO.
YMMV.Participant[quote=sdrealtor]Articles like that are written to sell newpapers and are pretty meaningless. What does it mean when they say high end prices are about where they were in 2005? It doesnt mean anything to my client who is in escrow on a prime coastal property at what is a 2000 and possibly a 1999 price. We are already close enough to a bottom. There is no point in time when everything magically hits bottom. There is a period of time where the smart buyers can go out armed with knowledge, money and a great agent to make their own bottom. That time is now and will persist for a few years. That is were the big winners will be found. Those of you sitting out there waiting for some magical moment will not be among them.[/quote]
This.
We’ve got offers on two short sales right now. Buy low sell high is great advice for stocks or real estate.
Timing either market is not, IMO.
YMMV.Participant[quote=sdrealtor]Articles like that are written to sell newpapers and are pretty meaningless. What does it mean when they say high end prices are about where they were in 2005? It doesnt mean anything to my client who is in escrow on a prime coastal property at what is a 2000 and possibly a 1999 price. We are already close enough to a bottom. There is no point in time when everything magically hits bottom. There is a period of time where the smart buyers can go out armed with knowledge, money and a great agent to make their own bottom. That time is now and will persist for a few years. That is were the big winners will be found. Those of you sitting out there waiting for some magical moment will not be among them.[/quote]
This.
We’ve got offers on two short sales right now. Buy low sell high is great advice for stocks or real estate.
Timing either market is not, IMO.
YMMV.Participant[quote=sdrealtor]Articles like that are written to sell newpapers and are pretty meaningless. What does it mean when they say high end prices are about where they were in 2005? It doesnt mean anything to my client who is in escrow on a prime coastal property at what is a 2000 and possibly a 1999 price. We are already close enough to a bottom. There is no point in time when everything magically hits bottom. There is a period of time where the smart buyers can go out armed with knowledge, money and a great agent to make their own bottom. That time is now and will persist for a few years. That is were the big winners will be found. Those of you sitting out there waiting for some magical moment will not be among them.[/quote]
This.
We’ve got offers on two short sales right now. Buy low sell high is great advice for stocks or real estate.
Timing either market is not, IMO.
YMMV. -
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