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June 3, 2010 at 8:31 PM in reply to: Suggestions for a basic book on stock market and investments? #559965June 3, 2010 at 8:31 PM in reply to: Suggestions for a basic book on stock market and investments? #560068
jeeman
Participant“The Intelligent Investor” and “Security Analysis”. By the end of those books, you’ll be teaching me.
June 3, 2010 at 8:31 PM in reply to: Suggestions for a basic book on stock market and investments? #560349Participant“The Intelligent Investor” and “Security Analysis”. By the end of those books, you’ll be teaching me.
ParticipantAndy, the last sale on that house was in August of 1996. That is pretty much a month or two before the bottom of the last real estate bust. Take that value, and adjust for inflation (google “inflation calculator”), to get a bottom value that it could get to in the next year or two (or three).
I get a value of $230k for the absolute bottom. Adjust upwards for the more diverse economy in San Diego, the fact that Poway is not considered “the sticks” as much anymore, the fact that we aren’t at the bottom yet, and for the recent bounce in the market.
Personally, I wouldn’t buy that house for anything in the $400k range. Maybe somewhere in the $300ks, understanding that I could still lose another $100k in value.
ParticipantAndy, the last sale on that house was in August of 1996. That is pretty much a month or two before the bottom of the last real estate bust. Take that value, and adjust for inflation (google “inflation calculator”), to get a bottom value that it could get to in the next year or two (or three).
I get a value of $230k for the absolute bottom. Adjust upwards for the more diverse economy in San Diego, the fact that Poway is not considered “the sticks” as much anymore, the fact that we aren’t at the bottom yet, and for the recent bounce in the market.
Personally, I wouldn’t buy that house for anything in the $400k range. Maybe somewhere in the $300ks, understanding that I could still lose another $100k in value.
ParticipantAndy, the last sale on that house was in August of 1996. That is pretty much a month or two before the bottom of the last real estate bust. Take that value, and adjust for inflation (google “inflation calculator”), to get a bottom value that it could get to in the next year or two (or three).
I get a value of $230k for the absolute bottom. Adjust upwards for the more diverse economy in San Diego, the fact that Poway is not considered “the sticks” as much anymore, the fact that we aren’t at the bottom yet, and for the recent bounce in the market.
Personally, I wouldn’t buy that house for anything in the $400k range. Maybe somewhere in the $300ks, understanding that I could still lose another $100k in value.
ParticipantAndy, the last sale on that house was in August of 1996. That is pretty much a month or two before the bottom of the last real estate bust. Take that value, and adjust for inflation (google “inflation calculator”), to get a bottom value that it could get to in the next year or two (or three).
I get a value of $230k for the absolute bottom. Adjust upwards for the more diverse economy in San Diego, the fact that Poway is not considered “the sticks” as much anymore, the fact that we aren’t at the bottom yet, and for the recent bounce in the market.
Personally, I wouldn’t buy that house for anything in the $400k range. Maybe somewhere in the $300ks, understanding that I could still lose another $100k in value.
ParticipantAndy, the last sale on that house was in August of 1996. That is pretty much a month or two before the bottom of the last real estate bust. Take that value, and adjust for inflation (google “inflation calculator”), to get a bottom value that it could get to in the next year or two (or three).
I get a value of $230k for the absolute bottom. Adjust upwards for the more diverse economy in San Diego, the fact that Poway is not considered “the sticks” as much anymore, the fact that we aren’t at the bottom yet, and for the recent bounce in the market.
Personally, I wouldn’t buy that house for anything in the $400k range. Maybe somewhere in the $300ks, understanding that I could still lose another $100k in value.
ParticipantWhat is tax+MR there? 1.9% of purchase price from builder? Does MR rate go down if you buy a distressed property, or is it fixed to the original price from the builder?
ParticipantWhat is tax+MR there? 1.9% of purchase price from builder? Does MR rate go down if you buy a distressed property, or is it fixed to the original price from the builder?
ParticipantWhat is tax+MR there? 1.9% of purchase price from builder? Does MR rate go down if you buy a distressed property, or is it fixed to the original price from the builder?
ParticipantWhat is tax+MR there? 1.9% of purchase price from builder? Does MR rate go down if you buy a distressed property, or is it fixed to the original price from the builder?
ParticipantWhat is tax+MR there? 1.9% of purchase price from builder? Does MR rate go down if you buy a distressed property, or is it fixed to the original price from the builder?
ParticipantI have not seen any gated areas in the Covenant. I have seen them in Fairbanks Ranch and off of RSF Farms Road. Not sure about Cielo.
BG probably meant the intersection of Las Planideras and Via De La Valle. There is a sign there at the bottom of the hill that says: “Historic RSF”
Jeeman
ParticipantI have not seen any gated areas in the Covenant. I have seen them in Fairbanks Ranch and off of RSF Farms Road. Not sure about Cielo.
BG probably meant the intersection of Las Planideras and Via De La Valle. There is a sign there at the bottom of the hill that says: “Historic RSF”
Jeeman
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