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JJGittes
ParticipantBut but but these are supposed to be the professionals that David Lereah says us dumb folk need to guide us through the most important financial transaction of our lives.
How could they have been so wrong??? Could Dave and his minions be blowin smoke….nah…
ParticipantIck. Talk about a cookie cutter unimpressive development.
ParticipantRegarding older homes in CV, be sure to ask about PB (polybutelene (sp?)) piping. I know it was used in some developments there, and it has ofetn caused horrendous flooding where it has failed. Plumbing companies all around SD county are making a mint off copper re-piping right now.
ParticipantThe back and forth is interesting. Bottom line for me though is 1. don’t buy at the top of a bubble; 2. always buy in a good neighborhood with good schools and a minimal number of rented properties; 3. stretch a little, but don’t be crazy with the finances; 4. get a good loan; and 5. stay put for a long time and take care of your property. Do all these, and yeah I think you are much better off buying — both financially and quality of life wise.
Regarding no. 1, well we are not at the top of the bubble now, but we are not in 1997-1998 relative territory either….good luck.
ParticipantPresent company excluded.
April 23, 2007 at 7:45 AM in reply to: 4S Ranch – (3000+sq/ft update) Pienza / Evergreen / Maybeck #50839ParticipantMaybe we should stop betting on when the real crash will arrive, and instead place some wagers on when this website and other bearish RE sites simply degenerate into a few dozen people posting over and over “…but, but, but, it’s just not fairrrr….”
Hey, I’ve been reading this site and others for a long time now, and I’ve seen prices come down some, but in the good areas, ie the areas I want to (and do) live in, like coastal n. county, and scripps ranch, and a few others in good school districts, things are chugging along quite well. I noted on another site that I personnaly saw a LOT of interest at Trieste, a new development in La Costa Greens. I got mocked, like I am a liar or something. Well, I am not a liar or an RE chearleader.
Hey, predict doom all you want, but if a ‘crash’ happens in the areas I mentioned, its going to happen in slowwww motion through flat prices and inflation. I base this on seeing what is actually selling right now, and how little is currently coming on the market in these good areas.
ParticipantCouldn’t have been written any better by Teddy K. himself. Go Babs, GOOOOOOOOOOOOO!!!!!!!!!
April 11, 2007 at 8:05 PM in reply to: NY Times..”A Word of Advice During a Housing Slump: Rent “ #49877ParticipantCashman,
Wow, really interesting. I like your honesty. A lot of people’s pride would prevent them from making your posting. Can you reveal what area of the county your house was in? What’s your plan now?
(And no, I don’t think you are an “idiot” or that you are joking. In 92009 and 92011 right now, for instance, for sale inventory is very low in areas in the Carlsbad and Encinitas school districts. Much has gone pending recently. If inventory does not start rising soon, I could easily envision a bit of a rally this spring/summer. Long term, who knows, but the sky is not falling now in these areas…)ParticipantI agree. And I don’t think it is even a matter of an idiot’s failure to read the ‘fine print.’ I’d wager virtually every one of these poor pathetic buyers who stretched beyond their means to get a mcmansion knew EXACTLY what they were signing up for. However, their foolish presumption, likely fueled by crappy advice from a crooked RE agent and mortgage broker, that RE prices would grow to the sky, turned out to be wrong wrong wrong. Nope, no sympathy, and they all should learn the lesson they (literally) signed up for.
ParticipantAnother craigslist gem: “Please note, buyer does not pay commission, seller does…”
Hmmm, debatable.
ParticipantApparently there is an auction in El Cajon today regarding one or more of these homes. If anyone knows how that comes out, please share the info…
ParticipantLocation location. Ditto to sdrealtor, the pickings are mighty slim in 92009, 92011 and 92024, least in the $700-850k range right now. Not exactly condusive to the bottom falling out in the near future.
ParticipantWhen buyers sign up voluntarily for the MRs and HOAs, they have no standing to complain. If you don’t like them, don’t sign up for them — buy somewhere else. If everybody takes that stance, then guess what, they will go down (particularly the MRs) or the home prices will go down to compensate. The market always works….eventually.
Participant“It’s simple economics. The number of bubble blogs has gone way past fundamentals and MUST REVERT TO THE MEAN! There WILL be a 50% drop in the number of bubble sites by Fall 2007. If you disagree with me, you’re delusional, stupid or both.”
LOL. Priceless.
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