[Navydoc]

Isn’t it priced the same as when they took it off the market the last time? Isn’t the definition of idiocy doing the same thing over and over and expecting a different result?

I still like this place, but wouldn’t buy it for more than 900K.

SD, nice to hear Stonebridge is taking it on the chin. I like that community. I was talking to a Realtor friend in SD a couple of weeks ago, he said that many of the new construction with SOLD tags on it there have just been deposits taken, and nowhere close to a done deal.

Should be interesting to see what happens.

[Navydoc]

Isn’t it priced the same as when they took it off the market the last time? Isn’t the definition of idiocy doing the same thing over and over and expecting a different result?

I still like this place, but wouldn’t buy it for more than 900K.

SD, nice to hear Stonebridge is taking it on the chin. I like that community. I was talking to a Realtor friend in SD a couple of weeks ago, he said that many of the new construction with SOLD tags on it there have just been deposits taken, and nowhere close to a done deal.

Should be interesting to see what happens.

[Navydoc]

Isn’t it priced the same as when they took it off the market the last time? Isn’t the definition of idiocy doing the same thing over and over and expecting a different result?

I still like this place, but wouldn’t buy it for more than 900K.

SD, nice to hear Stonebridge is taking it on the chin. I like that community. I was talking to a Realtor friend in SD a couple of weeks ago, he said that many of the new construction with SOLD tags on it there have just been deposits taken, and nowhere close to a done deal.

Should be interesting to see what happens.

[Navydoc]

Isn’t it priced the same as when they took it off the market the last time? Isn’t the definition of idiocy doing the same thing over and over and expecting a different result?

I still like this place, but wouldn’t buy it for more than 900K.

SD, nice to hear Stonebridge is taking it on the chin. I like that community. I was talking to a Realtor friend in SD a couple of weeks ago, he said that many of the new construction with SOLD tags on it there have just been deposits taken, and nowhere close to a done deal.

Should be interesting to see what happens.

[Navydoc]

This is all so simple for me. I buy when I can get a place for the same monthly payment as rent with 20% down, and I KNOW I can stay there long term. That’s a very comfortable position to be in. Yes, I might lose a little money in the short term (5 years or so) if there’s still some air left in the bubble, but eventually it will catch up. And no way do I buy with any kind of silly financing. A 30 year fixed will eventually make sense even in crappy markets, as rent WILL eventually rise to point where it is higher than my mortgage. I know we’re all bears on this site, but remember, real estate does still provide a hedge against inflation. If the real inflation numbers are considered, not the laughable crap that’s currently reported, I’m losing money on my savings. Probably equvalent to a nominal loss from depreciation on a home once the “big hit” has been taken.

If I could have achieved this when I moved her to LA I would be an owner now. Problem was renting penciled out to be roughly 1/2 what it was to buy. Coupled with the need to unload the place after three years of fellowship (I will never, I repeat NEVER be a landlord again), buying in 06 would have been financial suicide.

I will be looking hard next spring if, Navy willing, I get to return to SD. But if the mortgage to rent ratio is still as nuts as it is now, I’ll be looking for a $3000/month rental. I think we are still in the very early stages of the “big hit”.

[Navydoc]

This is all so simple for me. I buy when I can get a place for the same monthly payment as rent with 20% down, and I KNOW I can stay there long term. That’s a very comfortable position to be in. Yes, I might lose a little money in the short term (5 years or so) if there’s still some air left in the bubble, but eventually it will catch up. And no way do I buy with any kind of silly financing. A 30 year fixed will eventually make sense even in crappy markets, as rent WILL eventually rise to point where it is higher than my mortgage. I know we’re all bears on this site, but remember, real estate does still provide a hedge against inflation. If the real inflation numbers are considered, not the laughable crap that’s currently reported, I’m losing money on my savings. Probably equvalent to a nominal loss from depreciation on a home once the “big hit” has been taken.

If I could have achieved this when I moved her to LA I would be an owner now. Problem was renting penciled out to be roughly 1/2 what it was to buy. Coupled with the need to unload the place after three years of fellowship (I will never, I repeat NEVER be a landlord again), buying in 06 would have been financial suicide.

I will be looking hard next spring if, Navy willing, I get to return to SD. But if the mortgage to rent ratio is still as nuts as it is now, I’ll be looking for a $3000/month rental. I think we are still in the very early stages of the “big hit”.

[Navydoc]

This is all so simple for me. I buy when I can get a place for the same monthly payment as rent with 20% down, and I KNOW I can stay there long term. That’s a very comfortable position to be in. Yes, I might lose a little money in the short term (5 years or so) if there’s still some air left in the bubble, but eventually it will catch up. And no way do I buy with any kind of silly financing. A 30 year fixed will eventually make sense even in crappy markets, as rent WILL eventually rise to point where it is higher than my mortgage. I know we’re all bears on this site, but remember, real estate does still provide a hedge against inflation. If the real inflation numbers are considered, not the laughable crap that’s currently reported, I’m losing money on my savings. Probably equvalent to a nominal loss from depreciation on a home once the “big hit” has been taken.

If I could have achieved this when I moved her to LA I would be an owner now. Problem was renting penciled out to be roughly 1/2 what it was to buy. Coupled with the need to unload the place after three years of fellowship (I will never, I repeat NEVER be a landlord again), buying in 06 would have been financial suicide.

I will be looking hard next spring if, Navy willing, I get to return to SD. But if the mortgage to rent ratio is still as nuts as it is now, I’ll be looking for a $3000/month rental. I think we are still in the very early stages of the “big hit”.

[Navydoc]

This is all so simple for me. I buy when I can get a place for the same monthly payment as rent with 20% down, and I KNOW I can stay there long term. That’s a very comfortable position to be in. Yes, I might lose a little money in the short term (5 years or so) if there’s still some air left in the bubble, but eventually it will catch up. And no way do I buy with any kind of silly financing. A 30 year fixed will eventually make sense even in crappy markets, as rent WILL eventually rise to point where it is higher than my mortgage. I know we’re all bears on this site, but remember, real estate does still provide a hedge against inflation. If the real inflation numbers are considered, not the laughable crap that’s currently reported, I’m losing money on my savings. Probably equvalent to a nominal loss from depreciation on a home once the “big hit” has been taken.

If I could have achieved this when I moved her to LA I would be an owner now. Problem was renting penciled out to be roughly 1/2 what it was to buy. Coupled with the need to unload the place after three years of fellowship (I will never, I repeat NEVER be a landlord again), buying in 06 would have been financial suicide.

I will be looking hard next spring if, Navy willing, I get to return to SD. But if the mortgage to rent ratio is still as nuts as it is now, I’ll be looking for a $3000/month rental. I think we are still in the very early stages of the “big hit”.

[Navydoc]

This is all so simple for me. I buy when I can get a place for the same monthly payment as rent with 20% down, and I KNOW I can stay there long term. That’s a very comfortable position to be in. Yes, I might lose a little money in the short term (5 years or so) if there’s still some air left in the bubble, but eventually it will catch up. And no way do I buy with any kind of silly financing. A 30 year fixed will eventually make sense even in crappy markets, as rent WILL eventually rise to point where it is higher than my mortgage. I know we’re all bears on this site, but remember, real estate does still provide a hedge against inflation. If the real inflation numbers are considered, not the laughable crap that’s currently reported, I’m losing money on my savings. Probably equvalent to a nominal loss from depreciation on a home once the “big hit” has been taken.

If I could have achieved this when I moved her to LA I would be an owner now. Problem was renting penciled out to be roughly 1/2 what it was to buy. Coupled with the need to unload the place after three years of fellowship (I will never, I repeat NEVER be a landlord again), buying in 06 would have been financial suicide.

I will be looking hard next spring if, Navy willing, I get to return to SD. But if the mortgage to rent ratio is still as nuts as it is now, I’ll be looking for a $3000/month rental. I think we are still in the very early stages of the “big hit”.

[Navydoc]

I understand a lot of that stuff is minor, but it sure doesn’t help to sell your million-dollar crap box. The overall effect of the outward appearance of the place was to make it look much older than it is, and it makes the rest of the homes in the neighborhood look older too.

I guess I should be thankful, this place is making the whole area cheaper, which is what I really want anyway. As you know jp, 4S is still on our radar screen. Commute may be a pain, but it has more options than Scripps to downtown.

[Navydoc]

I understand a lot of that stuff is minor, but it sure doesn’t help to sell your million-dollar crap box. The overall effect of the outward appearance of the place was to make it look much older than it is, and it makes the rest of the homes in the neighborhood look older too.

I guess I should be thankful, this place is making the whole area cheaper, which is what I really want anyway. As you know jp, 4S is still on our radar screen. Commute may be a pain, but it has more options than Scripps to downtown.

[Navydoc]

I understand a lot of that stuff is minor, but it sure doesn’t help to sell your million-dollar crap box. The overall effect of the outward appearance of the place was to make it look much older than it is, and it makes the rest of the homes in the neighborhood look older too.

I guess I should be thankful, this place is making the whole area cheaper, which is what I really want anyway. As you know jp, 4S is still on our radar screen. Commute may be a pain, but it has more options than Scripps to downtown.

[Navydoc]

I understand a lot of that stuff is minor, but it sure doesn’t help to sell your million-dollar crap box. The overall effect of the outward appearance of the place was to make it look much older than it is, and it makes the rest of the homes in the neighborhood look older too.

I guess I should be thankful, this place is making the whole area cheaper, which is what I really want anyway. As you know jp, 4S is still on our radar screen. Commute may be a pain, but it has more options than Scripps to downtown.

[Navydoc]

I understand a lot of that stuff is minor, but it sure doesn’t help to sell your million-dollar crap box. The overall effect of the outward appearance of the place was to make it look much older than it is, and it makes the rest of the homes in the neighborhood look older too.

I guess I should be thankful, this place is making the whole area cheaper, which is what I really want anyway. As you know jp, 4S is still on our radar screen. Commute may be a pain, but it has more options than Scripps to downtown.

[Navydoc]

JWM, I meet your first 2 criteria, unfortunately not the third, missed it by 7 years. Of course I suppose I’m not a first time buyer really, but I havn’t owned a house since ’94, and certainly didn’t make any money from it, so it doesn’t count.

I agree with you, it is important, as it’s representative of what you can really afford. With my income I can qualify for probaly 1.2-1.5 mil, but I have absolutely no intention of spending that much. I don’t want to be house-poor. Been there, done that. I also have no intention of watching a 200K down payment eroded to nothing with further depreciation.

I would consider buying if rent/own ratio makes sense. We’re getting closer, but we aint there yet. Until we are I remain happily on the sidelines. (Or was it circling overhead? I forgot)

[Author]

Posts