[masayako]

Yes, obviously I am one of them to you. Not like I really care. I like to mess with RE realtor like yourself because I honesly think you are not productive to the society.

Not making any RE deals lately? I bet.

Good for you. Time to get a real job. 😉 ‘Cos you know what, who needs a REA to buy a house nowadays.

[masayako]

Yes. You are smarter. 🙂 You catch a mistake on my part. Good job, you won. YeeeHaa!

[masayako]

Why don’t you like PQ? Just curious.

[masayako]

Lomica is in Seven Oaks is the only 55+ community. The rest are not. So, what’s your point? Picking on little things make you smarter, I see.

[masayako]

“If you buy it, it (the drop) will come.”

Westview sucks. Don’t buy unless a 2000sqft single family home drop around mid-$350k there.

Reasons:
1. It’s Ant nest all over that piece of land.
2. Small yard
3. Cookie cutter homes. Boring.
4. Worth only mid-300k for a 2000sqft home at 2002. It’s still a huge bubble there.
5. Most owners (bought before 2003) have a cushion of equity ($200k+) while you would have ZERO.
6. The neighborhood is just average.
7. Parking sucks. Your friends won’t be able to park their cars in the guest parking lot unless he/she has a permit. Each owner only has 1 guest permit. What if you invite a tons of friends for dinner, where are they going to park their cars?

Do you need more reasons?

Masayako

[masayako]

I, personally, am tired of people asking “rent or buy” questions even though it has been covered thousands of times.

So, I am going to say “Buy” this time.

[masayako]

I have written to 3 of my local respresentatives already.

Please do the same. This is insanely wrong and should not be allowed to happen.

http://www.house.gov/writerep/

[masayako]

Some people think they are homeowners just because they signed on the dotted line. In fact, they are just big time debtors with a long locked in period with lots of overheads:

– Property tax,
– Interests,
– HOA,
– Mellos Roos,
– Insurance,
– Maintanence Costs,
– Closing costs

It is truly insane to buy unless the cost can be justified. I wish the ‘homeowners’ good luck…!

[masayako]

People are free to do whether they please to do as long as one can bear the consequences. This is a free country.

If they want to sit on it and wait for the price that please them, I don’t care; it’s not my money. If I were them, I would lower the price(be less greedy, more price conscious), sell the damn condo, invest the money in something that will have a better chance appreciating in the next decade.

That’s just me. But well, whatever floats your boat, you know.

[masayako]

jg,

Which gold mining stock are you looking into? Maybe we can share info here.

The only gold mining stock I have been keeping track of is Newmont. However, I no longer own it because, personally, I prefer GLD ETF a little more.

[masayako]

Hi guys,

To be conservative (rather lose less than gain more), since late December 2006, I had trimmed down my holdings in stocks and gold ETFs from my portfolio into Bonds (FTABX, LSGLX) and Money Market fund. I didn’t, and frankly not smart enough, to predict a big drop like this; I just thought it is probably going up too fast in too short a time. In other words, the gain does not seem to be sustainable.

Luckily (trust me, it is pure luck), my current portfolio look like this:
47% Cash
10% Gold
43% Stocks

Still, as of today, my portfolio is down 1.9%.

Funny thing, I am currently in a business trip for the first time in New York, sitting in the lobby of Waldorf Astoria to get free internet access. 🙂

Maybe I brought the bear from San Diego to NYSE today! 😉

Masayako

[masayako]

For me personally, I wouldn’t pay $800k near Mission gorge area. The seller wants out and he/she should.

I agree with kewp that the best thing to do is sit tight and save that money for better opportunities. From a rough calculation, the price / sqft in that area should really be $275/sqft or below. (2290sqfts x $275/sqft = $630k or below)

If anyone buy beyond that simply lose the margin of safety. I am speaking in terms of business perspective here. But if you really fall in love with this particular house, who am I to say no to you. Anyway, good luck with whatever decision you make.

6923 HALIFAX, SD – Del Cerro, CA 92120
Last Sale: 10/24/03
Sales Price: $658,500

masayako

[masayako]

juice,

Talk about High tech jobs…. Not only Nokia, silently, even Qualcomm has setup R&D site in India for many engineering jobs already. It’s happening and more will happen. You know what is happening? The price of condos and townhomes near Nokia (Scripps summit dive – Canterra) has dropped hugely (15%-20%) after the 500+ layoff. More to come, guys… After this summer, the sellers will truly regret/suffer if they don’t dump their houses in time before the big drop.

I dumped mine Jun’06 so I am talking from experience, not trying to talk the whole thing down. I don’t have to. I see it coming and I acted accordingly to lock in my benefits. Everyone should.

masayako

[masayako]

2945 AVENIDA CASTANA, Carlsbad, CA 92009

List Price: $795,000 – $850,876

Purchase price (6/16/2005): $900,000

At least $120,000 in the red!!

DesperateBuyer,

Check this out, you are telling us the above seller is buying this expensive house for their family to enjoy or simply speculating for price appreciation? Please explain to me like I’m a 5 yrs old. Some people DO deserve to get burned for their ignorance.

masayako

[masayako]

DesperateBuyer,

If you believe what you preach, please go out there and buy yourelf a nice house. We are not here to stop you. Believe what you want to believe.

I only trust the data and statistics. Statistics show me that housing is in a bubble. If you think otherwise, I honestly don’t see the point why you want to waste your time here.

The money I saved by renting is nicely funding my retirement and stock portfolio. No offense, I hope you get your nice $750,000(**) house soon, good luck, bro.

** The $750,000 house is really worth $400,000 at year 2000. (Inflation adjusted)

Masayako

[Author]

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