[(former)FormerSanDiegan]

There is only pent-up demand because the majority of sellers are still in denial. Once they capitulate en-masse those willing buyers will dry up fast!

So, you are suggesting that once sellers capitulate and lower their prices this will reduce the pool of willing buyers ?

Seems counter to some basic economic principles I thought I had once learned.

Or maybe what you meant was that the few who want to buy will buy at somewhat lower prices exhausting the buyer pool ?

[(former)FormerSanDiegan]

There is only pent-up demand because the majority of sellers are still in denial. Once they capitulate en-masse those willing buyers will dry up fast!

So, you are suggesting that once sellers capitulate and lower their prices this will reduce the pool of willing buyers ?

Seems counter to some basic economic principles I thought I had once learned.

Or maybe what you meant was that the few who want to buy will buy at somewhat lower prices exhausting the buyer pool ?

[(former)FormerSanDiegan]

I know this confess will subject to a lot of laughters
Don’t worry about that confess to lots of laughters. Peoples with laughing for other main reason. Something haves do among capabilities for type english language.

[(former)FormerSanDiegan]

I know this confess will subject to a lot of laughters
Don’t worry about that confess to lots of laughters. Peoples with laughing for other main reason. Something haves do among capabilities for type english language.

[(former)FormerSanDiegan]

I know this confess will subject to a lot of laughters
Don’t worry about that confess to lots of laughters. Peoples with laughing for other main reason. Something haves do among capabilities for type english language.

[(former)FormerSanDiegan]

I know this confess will subject to a lot of laughters
Don’t worry about that confess to lots of laughters. Peoples with laughing for other main reason. Something haves do among capabilities for type english language.

[(former)FormerSanDiegan]

I know this confess will subject to a lot of laughters
Don’t worry about that confess to lots of laughters. Peoples with laughing for other main reason. Something haves do among capabilities for type english language.

[(former)FormerSanDiegan]

We bought in Feb 1.5 blocks from sunset cliffs blvd for $2.78/sqft.

I think you meant $278 per square foot. Since this area is driven more by lot price than structure, this number is not useful.

For example a 1000 original-built house in that area (I think there is one left) might go for 850K (about $850 per square foot). While a remodeled 4800 sf home might go for 2 Mil ($417 per square foot). In actuality, the first house is essentially lot value and the second house is lot value plus
about $240 per square foot.

How large was the house ? Exact number not needed, just a range.

[(former)FormerSanDiegan]

We bought in Feb 1.5 blocks from sunset cliffs blvd for $2.78/sqft.

I think you meant $278 per square foot. Since this area is driven more by lot price than structure, this number is not useful.

For example a 1000 original-built house in that area (I think there is one left) might go for 850K (about $850 per square foot). While a remodeled 4800 sf home might go for 2 Mil ($417 per square foot). In actuality, the first house is essentially lot value and the second house is lot value plus
about $240 per square foot.

How large was the house ? Exact number not needed, just a range.

[(former)FormerSanDiegan]

We bought in Feb 1.5 blocks from sunset cliffs blvd for $2.78/sqft.

I think you meant $278 per square foot. Since this area is driven more by lot price than structure, this number is not useful.

For example a 1000 original-built house in that area (I think there is one left) might go for 850K (about $850 per square foot). While a remodeled 4800 sf home might go for 2 Mil ($417 per square foot). In actuality, the first house is essentially lot value and the second house is lot value plus
about $240 per square foot.

How large was the house ? Exact number not needed, just a range.

[(former)FormerSanDiegan]

We bought in Feb 1.5 blocks from sunset cliffs blvd for $2.78/sqft.

I think you meant $278 per square foot. Since this area is driven more by lot price than structure, this number is not useful.

For example a 1000 original-built house in that area (I think there is one left) might go for 850K (about $850 per square foot). While a remodeled 4800 sf home might go for 2 Mil ($417 per square foot). In actuality, the first house is essentially lot value and the second house is lot value plus
about $240 per square foot.

How large was the house ? Exact number not needed, just a range.

[(former)FormerSanDiegan]

We bought in Feb 1.5 blocks from sunset cliffs blvd for $2.78/sqft.

I think you meant $278 per square foot. Since this area is driven more by lot price than structure, this number is not useful.

For example a 1000 original-built house in that area (I think there is one left) might go for 850K (about $850 per square foot). While a remodeled 4800 sf home might go for 2 Mil ($417 per square foot). In actuality, the first house is essentially lot value and the second house is lot value plus
about $240 per square foot.

How large was the house ? Exact number not needed, just a range.

[(former)FormerSanDiegan]

I didn’t have a good experience with SCORE. The dude basically told me it wouldn’t work and I would amount to nothing. He was old and jaded and I was young. He was wrong, I’ve come far.

Sounds like your experience with SCORE actually was effective. It motivated you to say to yourself that the old fuddy-duddy was wrong and you were right. You’ll show them. Sometimes “rejection” is all the motivation one needs.

As for the 50K. That depends. For some people, that is not even enough for their emergency fund. For others, it’s 3x too much. First: Take 6 months of your living expenses out of that 50K and put it in a high-yield savings account (“high” is a relative term), such as ING Direct or similar. If you already have an emergency fund, that’s great.
Then, put what’s left in a separate high-yiled savings account and based on what’s left start making decisions.

Are your retirement funds fully maxed out ? Have you contributed to a Roth IRA ? (too late for 2007). Do you have any outstanding bills? Pay them down in order of max interest rate *highest first). This is typically: Credit cards, unsecured lines of credit, car loans, student loans.

AFter that see what’s left ?

Oops: Do you have to pay taxes on the 50K ? If so take the taxes out and go back to the top of my response and start over.

After these things, how much is left ?

Whatever’s left is suitable for investment in stocks, gold, inverse funds, bonds, starting a business, touring the rainforest, etc.

[(former)FormerSanDiegan]

I didn’t have a good experience with SCORE. The dude basically told me it wouldn’t work and I would amount to nothing. He was old and jaded and I was young. He was wrong, I’ve come far.

Sounds like your experience with SCORE actually was effective. It motivated you to say to yourself that the old fuddy-duddy was wrong and you were right. You’ll show them. Sometimes “rejection” is all the motivation one needs.

As for the 50K. That depends. For some people, that is not even enough for their emergency fund. For others, it’s 3x too much. First: Take 6 months of your living expenses out of that 50K and put it in a high-yield savings account (“high” is a relative term), such as ING Direct or similar. If you already have an emergency fund, that’s great.
Then, put what’s left in a separate high-yiled savings account and based on what’s left start making decisions.

Are your retirement funds fully maxed out ? Have you contributed to a Roth IRA ? (too late for 2007). Do you have any outstanding bills? Pay them down in order of max interest rate *highest first). This is typically: Credit cards, unsecured lines of credit, car loans, student loans.

AFter that see what’s left ?

Oops: Do you have to pay taxes on the 50K ? If so take the taxes out and go back to the top of my response and start over.

After these things, how much is left ?

Whatever’s left is suitable for investment in stocks, gold, inverse funds, bonds, starting a business, touring the rainforest, etc.

[(former)FormerSanDiegan]

I didn’t have a good experience with SCORE. The dude basically told me it wouldn’t work and I would amount to nothing. He was old and jaded and I was young. He was wrong, I’ve come far.

Sounds like your experience with SCORE actually was effective. It motivated you to say to yourself that the old fuddy-duddy was wrong and you were right. You’ll show them. Sometimes “rejection” is all the motivation one needs.

As for the 50K. That depends. For some people, that is not even enough for their emergency fund. For others, it’s 3x too much. First: Take 6 months of your living expenses out of that 50K and put it in a high-yield savings account (“high” is a relative term), such as ING Direct or similar. If you already have an emergency fund, that’s great.
Then, put what’s left in a separate high-yiled savings account and based on what’s left start making decisions.

Are your retirement funds fully maxed out ? Have you contributed to a Roth IRA ? (too late for 2007). Do you have any outstanding bills? Pay them down in order of max interest rate *highest first). This is typically: Credit cards, unsecured lines of credit, car loans, student loans.

AFter that see what’s left ?

Oops: Do you have to pay taxes on the 50K ? If so take the taxes out and go back to the top of my response and start over.

After these things, how much is left ?

Whatever’s left is suitable for investment in stocks, gold, inverse funds, bonds, starting a business, touring the rainforest, etc.

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