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La Jolla Renter
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.
ParticipantOf course renting sucks if you sell a house for $2M and rent something worth much less. $2,800 a month gets you a about a 650k valued house. You are not comparing apples to apples.
I am in a decked out property worth about 1.5M and my rent is 3,500 a month. I am renting for about 1/3 of the total carrying costs of owning.
I have no complaints… renting has been very good to me.
ParticipantOf course renting sucks if you sell a house for $2M and rent something worth much less. $2,800 a month gets you a about a 650k valued house. You are not comparing apples to apples.
I am in a decked out property worth about 1.5M and my rent is 3,500 a month. I am renting for about 1/3 of the total carrying costs of owning.
I have no complaints… renting has been very good to me.
ParticipantOf course renting sucks if you sell a house for $2M and rent something worth much less. $2,800 a month gets you a about a 650k valued house. You are not comparing apples to apples.
I am in a decked out property worth about 1.5M and my rent is 3,500 a month. I am renting for about 1/3 of the total carrying costs of owning.
I have no complaints… renting has been very good to me.
ParticipantOf course renting sucks if you sell a house for $2M and rent something worth much less. $2,800 a month gets you a about a 650k valued house. You are not comparing apples to apples.
I am in a decked out property worth about 1.5M and my rent is 3,500 a month. I am renting for about 1/3 of the total carrying costs of owning.
I have no complaints… renting has been very good to me.
ParticipantOf course renting sucks if you sell a house for $2M and rent something worth much less. $2,800 a month gets you a about a 650k valued house. You are not comparing apples to apples.
I am in a decked out property worth about 1.5M and my rent is 3,500 a month. I am renting for about 1/3 of the total carrying costs of owning.
I have no complaints… renting has been very good to me.
ParticipantMore Pain in Seahaus…
Purchase for $797k in 2005 just closed at $689k.
http://www.sdlookup.com/MLS-080069285-5440_La_Jolla_Blvd_201_La_Jolla_Ca_92037
Plus this weird one… purchased for 1.489M listed for 750k starting auction price.
http://www.sdlookup.com/MLS-080080031-5470_La_Jolla_Blvd_H203_La_Jolla_Ca_92037
Lots of affluent flippers in Seahaus. The carrying costs are brutal so the losses are bigger than they look. At some point the affluent flippers are going to say the hell with their credit and dump their losses.
ParticipantMore Pain in Seahaus…
Purchase for $797k in 2005 just closed at $689k.
http://www.sdlookup.com/MLS-080069285-5440_La_Jolla_Blvd_201_La_Jolla_Ca_92037
Plus this weird one… purchased for 1.489M listed for 750k starting auction price.
http://www.sdlookup.com/MLS-080080031-5470_La_Jolla_Blvd_H203_La_Jolla_Ca_92037
Lots of affluent flippers in Seahaus. The carrying costs are brutal so the losses are bigger than they look. At some point the affluent flippers are going to say the hell with their credit and dump their losses.
ParticipantMore Pain in Seahaus…
Purchase for $797k in 2005 just closed at $689k.
http://www.sdlookup.com/MLS-080069285-5440_La_Jolla_Blvd_201_La_Jolla_Ca_92037
Plus this weird one… purchased for 1.489M listed for 750k starting auction price.
http://www.sdlookup.com/MLS-080080031-5470_La_Jolla_Blvd_H203_La_Jolla_Ca_92037
Lots of affluent flippers in Seahaus. The carrying costs are brutal so the losses are bigger than they look. At some point the affluent flippers are going to say the hell with their credit and dump their losses.
ParticipantMore Pain in Seahaus…
Purchase for $797k in 2005 just closed at $689k.
http://www.sdlookup.com/MLS-080069285-5440_La_Jolla_Blvd_201_La_Jolla_Ca_92037
Plus this weird one… purchased for 1.489M listed for 750k starting auction price.
http://www.sdlookup.com/MLS-080080031-5470_La_Jolla_Blvd_H203_La_Jolla_Ca_92037
Lots of affluent flippers in Seahaus. The carrying costs are brutal so the losses are bigger than they look. At some point the affluent flippers are going to say the hell with their credit and dump their losses.
ParticipantMore Pain in Seahaus…
Purchase for $797k in 2005 just closed at $689k.
http://www.sdlookup.com/MLS-080069285-5440_La_Jolla_Blvd_201_La_Jolla_Ca_92037
Plus this weird one… purchased for 1.489M listed for 750k starting auction price.
http://www.sdlookup.com/MLS-080080031-5470_La_Jolla_Blvd_H203_La_Jolla_Ca_92037
Lots of affluent flippers in Seahaus. The carrying costs are brutal so the losses are bigger than they look. At some point the affluent flippers are going to say the hell with their credit and dump their losses.
ParticipantTG, great point that with 10% unemployment 90% are still employed.
The 90% that are still employed are making a heck of a lot less income, have no housing ATM income to tap, and their credit cards are maxed out. I think our San Diego economy is ugly now, and people haven’t even started to really hunker down yet.
ParticipantTG, great point that with 10% unemployment 90% are still employed.
The 90% that are still employed are making a heck of a lot less income, have no housing ATM income to tap, and their credit cards are maxed out. I think our San Diego economy is ugly now, and people haven’t even started to really hunker down yet.
ParticipantTG, great point that with 10% unemployment 90% are still employed.
The 90% that are still employed are making a heck of a lot less income, have no housing ATM income to tap, and their credit cards are maxed out. I think our San Diego economy is ugly now, and people haven’t even started to really hunker down yet.
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