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La Jolla Renter
ParticipantIf half the worlds PHDs, Al Gore and his Dems are right…
Clint and BC might be sitting in their beach chairs in Santee tossing back a few Buds enjoying there multi million dollar ocean front estates.
February 1, 2007 at 8:17 AM in reply to: January Sales look strong some places and not so strong others #44584ParticipantSD Realtor,
I would love to see the same stats for 92037 and 92109 if you have the time.
I would suspect PB to have moved down, and would expect La Jolla to have held tight or moved up a bit.
Big Thanks!
ParticipantIf you really want to buy now. I would determine today’s market value of the property(s) you want and then low ball them 15% to 20%, promising to close by the end of the year. You might get lucky and find someone that has to sell now and thinks your offer is as good as it is going to get. I figure 10% of the sellers out there are just as convinced as we are that the market is heading lower and there will be no spring rebound next year.
PS The market value is not what they are listing the property for and it is probably not 3 plus month old comps.
ParticipantSmokers = Chronic Litterers
Never met a smoker that didn’t litter their butts occasionally.
I despise both.
Chalk one up for the HOA… for once.
ParticipantI tend to agree with LookoutBelow…
No family values anymore.
The average American is fat, stupid, and rude… raising 2.3 fat, stupid, and rude kids.
Oh yeah, they have 11k in credit card debt, no retirement, no college funds. For Christmas they will buy a plasma TV, the new Sony PS3, and a pit bull puppy.
Thank God they are not my neighbors.
ParticipantThe point of this post was simply to point out the opportunity loss of buying too soon.
I was surprised at some of the pessimistic comments knocking the use of a 10% return, which I think is very reasonable.
The history of real-estate cycles is okay to predict the future but the history of stock indexes (10%) is not???
Poway, I am 80% cash in my portfolio right now as well, but I do not use the 20 year average of CD rates to calculate FV.
I am sticking to 10%.
ParticipantCheck out: http://www.thebestrestaurants.com click on inland empire.
ParticipantAccording to a few CPAs I know, homeowners will not be hit with a tax bill on the debt forgiveness if it is on the 1st trust deed. 2nd’s are questionable.
ParticipantDoes that mean the Military Times is just another part of the Liberal Media Machine?
ParticipantI pay $2,950 for a brand new 850k condo.
I am not sure I would buy it for 500k.
(note: I am renting by choice… I do not need to rent)
Participant“the truly rich don’t flaunt their money”
If I hear this stupid statement again on piggington, I may have to shoot myself.
This is a silly statement that I usually hear from a “I got a chip on my shoulder cuz I make 150k in San Diego and am very envious when someone drives by in a Ferrari” or some blue blood aristocrat who is jealous they aren’t smart enough to start with nothing and make their own money.
Tiger Wood drives a Buick so he is truly rich??? Have you seen his 100 bazillion dollar Yacht.
Bill Gates doesn’t flaunt his money… Why not donate his billions anonymously???
Asianautica is right, different folks for different folks…
I am over this post.
ParticipantGetting back to the original post…
It really depends on the 20 something’s view point and or position. It seems impossible to generalize advice for all 20 something’s.
Would your investment advice/philosophy be the same for a school teacher who just wants to be a great school teacher and volunteer every summer with no additional income until they retire, as say an attorney, a doctor, or a mechanic for Mercedes that moonlights as a bartender on Saturday nights pulling in an additional 500 to 750 each week in cash.
If you generalize with all, you get silly stupid little esoteric pieces of advice as given.
PS did we all fail to mention… become an expert in credit reporting and keep your score in the 780 and up range.
Amex jingle to get a little piggington humor going …
Student loan balance after 3 ½ years before dropping out to be a loan officer… $75,000.
Average dinner and bar tab for a night out… $450 week nights… $950 weekends…
Designer Jeans, shirt and Bruno Magli shoes that you wear to work and the clubs… $900
Rolex watch you bought in Vegas after loosing 20k at the tables so you can keep your image with your boys… $15k
New rims and low profile tires for tricked out Escalade that needs constant alignment… $12,000
Audio Video System with rear video screens and xbox when you don’t even have kids… $10,000
Down payment on 6 condos that you are planning to flip to hard working peers and make 250k each on… $240k
Being a 40 something getting ready to watch you get your ass handed to you and having to get a job at Starbucks…
PRICELESS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!Participant1. Get 100k in credit cards
2. Buy a business with 50k down.
3. Party hard like your peers with the other 50k… trips to Vegas, 15k martinis in the gaslamp, etc.It will all work out… did for me.
PS read the book “The Millionaire Next Door” and one or two of Dave Ramsey’s books… over and over and over.
ParticipantHere ya go…
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