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La Jolla Renter
ParticipantI don’t think we had recovered nicely in 94/95, maybe 96/97. Could it be that homeowners bought another home at the bottom and dumped the looser. Or homeowners held on as long as the could and then stopped paying and enjoyed free rent for a year.
I think there are a lot of investors and homeowners that have been hanging on for the last year or so, and are loosing the will to fight a loosing battle.
I have a few friends that can afford the negative cash flow on their investment properties but are strategically planning to bail.
The more that bail… the more that bail.
ParticipantThere have been a couple of fixers in LJ in the last couple of years that seemed priced below market and thus created a lot of interest. In the end, even though they had a dozen offers, the property went for less than the asking. Not sure how this happens, I just know it has.
We will see what happens to the Chelsea house soon enough.
Amazing how many LJ homes are on the market in the 1M to 1.5 range. A couple of years ago, I would have pulled the trigger by now. But the economy has cut my income in half and I am going to play this market out… 2010+
ParticipantThere have been a couple of fixers in LJ in the last couple of years that seemed priced below market and thus created a lot of interest. In the end, even though they had a dozen offers, the property went for less than the asking. Not sure how this happens, I just know it has.
We will see what happens to the Chelsea house soon enough.
Amazing how many LJ homes are on the market in the 1M to 1.5 range. A couple of years ago, I would have pulled the trigger by now. But the economy has cut my income in half and I am going to play this market out… 2010+
ParticipantThere have been a couple of fixers in LJ in the last couple of years that seemed priced below market and thus created a lot of interest. In the end, even though they had a dozen offers, the property went for less than the asking. Not sure how this happens, I just know it has.
We will see what happens to the Chelsea house soon enough.
Amazing how many LJ homes are on the market in the 1M to 1.5 range. A couple of years ago, I would have pulled the trigger by now. But the economy has cut my income in half and I am going to play this market out… 2010+
ParticipantThere have been a couple of fixers in LJ in the last couple of years that seemed priced below market and thus created a lot of interest. In the end, even though they had a dozen offers, the property went for less than the asking. Not sure how this happens, I just know it has.
We will see what happens to the Chelsea house soon enough.
Amazing how many LJ homes are on the market in the 1M to 1.5 range. A couple of years ago, I would have pulled the trigger by now. But the economy has cut my income in half and I am going to play this market out… 2010+
ParticipantThere have been a couple of fixers in LJ in the last couple of years that seemed priced below market and thus created a lot of interest. In the end, even though they had a dozen offers, the property went for less than the asking. Not sure how this happens, I just know it has.
We will see what happens to the Chelsea house soon enough.
Amazing how many LJ homes are on the market in the 1M to 1.5 range. A couple of years ago, I would have pulled the trigger by now. But the economy has cut my income in half and I am going to play this market out… 2010+
Participantpoorsaver,
Put up some art. You won’t get dinged over a couple of picture hooks. Just leave them in when you leave. I hear you on the streamlined feeling and not being able to hang the plasma is the biggest drawback. I am in a place I really like for the short term (until kids arrive), 3 more years is about my max.
Participantpoorsaver,
Put up some art. You won’t get dinged over a couple of picture hooks. Just leave them in when you leave. I hear you on the streamlined feeling and not being able to hang the plasma is the biggest drawback. I am in a place I really like for the short term (until kids arrive), 3 more years is about my max.
Participantpoorsaver,
Put up some art. You won’t get dinged over a couple of picture hooks. Just leave them in when you leave. I hear you on the streamlined feeling and not being able to hang the plasma is the biggest drawback. I am in a place I really like for the short term (until kids arrive), 3 more years is about my max.
Participantpoorsaver,
Put up some art. You won’t get dinged over a couple of picture hooks. Just leave them in when you leave. I hear you on the streamlined feeling and not being able to hang the plasma is the biggest drawback. I am in a place I really like for the short term (until kids arrive), 3 more years is about my max.
Participantpoorsaver,
Put up some art. You won’t get dinged over a couple of picture hooks. Just leave them in when you leave. I hear you on the streamlined feeling and not being able to hang the plasma is the biggest drawback. I am in a place I really like for the short term (until kids arrive), 3 more years is about my max.
ParticipantI think oil is going lower short term, and when it hits $25 a barrel, I will look to by the ultra oil ETFs.
FYI the middle east producer’s cost is about $2 a barrel. And I have read the incremental cost can be as low as 40 cents.
How the heck do you think they built Dubai anyway.
I would be cautious if you think it is a no brainer at $40 think it is going to snap back to $80 for a quick profit.
ParticipantI think oil is going lower short term, and when it hits $25 a barrel, I will look to by the ultra oil ETFs.
FYI the middle east producer’s cost is about $2 a barrel. And I have read the incremental cost can be as low as 40 cents.
How the heck do you think they built Dubai anyway.
I would be cautious if you think it is a no brainer at $40 think it is going to snap back to $80 for a quick profit.
ParticipantI think oil is going lower short term, and when it hits $25 a barrel, I will look to by the ultra oil ETFs.
FYI the middle east producer’s cost is about $2 a barrel. And I have read the incremental cost can be as low as 40 cents.
How the heck do you think they built Dubai anyway.
I would be cautious if you think it is a no brainer at $40 think it is going to snap back to $80 for a quick profit.
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