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(former)FormerSanDiegan
Participantnostra – please tell us where you can go to replace the washer, dryer, fridge, dishwasher, oven and microwave for ~ $500.
But I get your point. For about $500 per year, you could easily replace these things based on their life cycle (5 years for a D/W and microwave, 15 years for a range, 8-10 years for everything else).
For first-timers in a new place, unless the appliances are fairly new, it’s probably worth taking the warranty since every appliance could be on its last leg.
ParticipantWe had AHS when we bought our first home.
The hot water tank went out within 6 months. We paid only $50 to have it replaced. We also had a couple sewer clogs that cost us $40 or 50 out of pocket. AT the time we were going from renting to owning for the first time, so it was good for us.Since then, we are used to fixing or replacing one major thing every couple years anyway, and the long-term average is probably less than the warranty covers, so I no longer use these.
Frankly, if you are a first-time buyer, take the warranty. It allows you to enjoy the honeymoon period in your first place.
ParticipantWe had AHS when we bought our first home.
The hot water tank went out within 6 months. We paid only $50 to have it replaced. We also had a couple sewer clogs that cost us $40 or 50 out of pocket. AT the time we were going from renting to owning for the first time, so it was good for us.Since then, we are used to fixing or replacing one major thing every couple years anyway, and the long-term average is probably less than the warranty covers, so I no longer use these.
Frankly, if you are a first-time buyer, take the warranty. It allows you to enjoy the honeymoon period in your first place.
ParticipantWe had AHS when we bought our first home.
The hot water tank went out within 6 months. We paid only $50 to have it replaced. We also had a couple sewer clogs that cost us $40 or 50 out of pocket. AT the time we were going from renting to owning for the first time, so it was good for us.Since then, we are used to fixing or replacing one major thing every couple years anyway, and the long-term average is probably less than the warranty covers, so I no longer use these.
Frankly, if you are a first-time buyer, take the warranty. It allows you to enjoy the honeymoon period in your first place.
ParticipantWe had AHS when we bought our first home.
The hot water tank went out within 6 months. We paid only $50 to have it replaced. We also had a couple sewer clogs that cost us $40 or 50 out of pocket. AT the time we were going from renting to owning for the first time, so it was good for us.Since then, we are used to fixing or replacing one major thing every couple years anyway, and the long-term average is probably less than the warranty covers, so I no longer use these.
Frankly, if you are a first-time buyer, take the warranty. It allows you to enjoy the honeymoon period in your first place.
ParticipantWe had AHS when we bought our first home.
The hot water tank went out within 6 months. We paid only $50 to have it replaced. We also had a couple sewer clogs that cost us $40 or 50 out of pocket. AT the time we were going from renting to owning for the first time, so it was good for us.Since then, we are used to fixing or replacing one major thing every couple years anyway, and the long-term average is probably less than the warranty covers, so I no longer use these.
Frankly, if you are a first-time buyer, take the warranty. It allows you to enjoy the honeymoon period in your first place.
ParticipantBob, thanks for the inside information on the Bond market. If I read this right, you are suggesting that the Fed may have to reverse course and that the result would be that interest rates would go up. Maybe this is the next bubble. Interesting.
Also, thanks for the good news on the release of REOs in the future. Maybe we should start a new thread about that stuff, but what should we call it ? Hey, here’s a stab at coining a phrase. Let’s call it “shadow inventory”.
ParticipantBob, thanks for the inside information on the Bond market. If I read this right, you are suggesting that the Fed may have to reverse course and that the result would be that interest rates would go up. Maybe this is the next bubble. Interesting.
Also, thanks for the good news on the release of REOs in the future. Maybe we should start a new thread about that stuff, but what should we call it ? Hey, here’s a stab at coining a phrase. Let’s call it “shadow inventory”.
ParticipantBob, thanks for the inside information on the Bond market. If I read this right, you are suggesting that the Fed may have to reverse course and that the result would be that interest rates would go up. Maybe this is the next bubble. Interesting.
Also, thanks for the good news on the release of REOs in the future. Maybe we should start a new thread about that stuff, but what should we call it ? Hey, here’s a stab at coining a phrase. Let’s call it “shadow inventory”.
ParticipantBob, thanks for the inside information on the Bond market. If I read this right, you are suggesting that the Fed may have to reverse course and that the result would be that interest rates would go up. Maybe this is the next bubble. Interesting.
Also, thanks for the good news on the release of REOs in the future. Maybe we should start a new thread about that stuff, but what should we call it ? Hey, here’s a stab at coining a phrase. Let’s call it “shadow inventory”.
ParticipantBob, thanks for the inside information on the Bond market. If I read this right, you are suggesting that the Fed may have to reverse course and that the result would be that interest rates would go up. Maybe this is the next bubble. Interesting.
Also, thanks for the good news on the release of REOs in the future. Maybe we should start a new thread about that stuff, but what should we call it ? Hey, here’s a stab at coining a phrase. Let’s call it “shadow inventory”.
Participant[quote=sdrealtor]Low rates for the foreseeable future…housing prices falling slower and slower…inflation raising the price of everything else and eventually incomes also. Voila!! Back in balance at some point in the future. Since about 2004 I always thought it would be around 2011 or 2012.[/quote]
Balance in southern CA real estate tends to be a discrete point in time which we pass through rather quickly when going from one extreme to the other.
It’s like the Equinox, where for a brief moment, the night and day are in balance, but it occurs at the maximum rate of change between the extremes, resulting in a situation where being close to this perfect balance is a fleeting moment in time.Participant[quote=sdrealtor]Low rates for the foreseeable future…housing prices falling slower and slower…inflation raising the price of everything else and eventually incomes also. Voila!! Back in balance at some point in the future. Since about 2004 I always thought it would be around 2011 or 2012.[/quote]
Balance in southern CA real estate tends to be a discrete point in time which we pass through rather quickly when going from one extreme to the other.
It’s like the Equinox, where for a brief moment, the night and day are in balance, but it occurs at the maximum rate of change between the extremes, resulting in a situation where being close to this perfect balance is a fleeting moment in time.Participant[quote=sdrealtor]Low rates for the foreseeable future…housing prices falling slower and slower…inflation raising the price of everything else and eventually incomes also. Voila!! Back in balance at some point in the future. Since about 2004 I always thought it would be around 2011 or 2012.[/quote]
Balance in southern CA real estate tends to be a discrete point in time which we pass through rather quickly when going from one extreme to the other.
It’s like the Equinox, where for a brief moment, the night and day are in balance, but it occurs at the maximum rate of change between the extremes, resulting in a situation where being close to this perfect balance is a fleeting moment in time. -
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