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NotCranky
Participant4plex,
Your agent did a good job.
Let’s hope he doesn’t go golfing anytime soon!ParticipantThe idea of the falling market has got some basis and comes into play in business. But, on a 30 day escrow for an SFR it’s being pretty flippant. Justify your bid when you go in or live with it unless some legitimate defect comes up.Your plan is not a good way to introduce yourself to the neighborhood IMO. We have neighbors like that ,nobody can stand them and it is starting to take a toll on their enjoyment of living here.
ParticipantThe idea of the falling market has got some basis and comes into play in business. But, on a 30 day escrow for an SFR it’s being pretty flippant. Justify your bid when you go in or live with it unless some legitimate defect comes up.Your plan is not a good way to introduce yourself to the neighborhood IMO. We have neighbors like that ,nobody can stand them and it is starting to take a toll on their enjoyment of living here.
ParticipantHello SD R
– fixer in la mesa. buyer is a carpenter and plans to fix and resell. 100% financed.Is this a good idea or bad? Was it a repo?
will it even come close to penciling out as a rental if he can’t sell?
I have buyers who want to get a fixer and live in it in one of the two La Mesa zip codes. I am hoping that will work out well for them about the time their current lease runs out in November or a few months after that.ParticipantHello SD R
– fixer in la mesa. buyer is a carpenter and plans to fix and resell. 100% financed.Is this a good idea or bad? Was it a repo?
will it even come close to penciling out as a rental if he can’t sell?
I have buyers who want to get a fixer and live in it in one of the two La Mesa zip codes. I am hoping that will work out well for them about the time their current lease runs out in November or a few months after that.ParticipantA) a bad “driver”
probably chasing his TEE-shot.ParticipantA) a bad “driver”
probably chasing his TEE-shot.ParticipantFearful”It is a sense of superiority. When you know better, and sit on the sidelines during an asset bubble,”
I made the best purchase deal of my life in San Diego in 2004.Many of my friends were still doing fine.It’s called experience. The excuse you use actually only works for the last two years. What about the rest of the time? It’s convenient to compare yourself to losers.I bet you are young. You are sitting in a really great position now. Your time will come.
Best wishesParticipantFearful”It is a sense of superiority. When you know better, and sit on the sidelines during an asset bubble,”
I made the best purchase deal of my life in San Diego in 2004.Many of my friends were still doing fine.It’s called experience. The excuse you use actually only works for the last two years. What about the rest of the time? It’s convenient to compare yourself to losers.I bet you are young. You are sitting in a really great position now. Your time will come.
Best wishesParticipantPerry, They did put some money and sweat equity into the places. “Batting an eye” might have been a poor choice of words. They probably wanted to help the realtor daughter too.
In San Diego there were many old couples doing the same to good results. Perhaps a little better timing.
Other people did a lot less work and more cheating than these people in the article for sure, as you all know, to the point where they should go to jail.I look forward to the day when some of you have good stories to post about how real estate is making you more succesful in your personal finances. I think the disappointment over the national binge will go away.
ParticipantPerry, They did put some money and sweat equity into the places. “Batting an eye” might have been a poor choice of words. They probably wanted to help the realtor daughter too.
In San Diego there were many old couples doing the same to good results. Perhaps a little better timing.
Other people did a lot less work and more cheating than these people in the article for sure, as you all know, to the point where they should go to jail.I look forward to the day when some of you have good stories to post about how real estate is making you more succesful in your personal finances. I think the disappointment over the national binge will go away.
ParticipantWhen I looked at that this morning I thought those spikes on the graph should be tossed. How many houses can be had in La Jolla with a 340k per million discount from prices a few months ago?
A month or two back the Union Trib pointed out that Jamul was the one of the biggest depreciating markets in the county. The inventory there has one of the broadest price ranges in the county.Month to month price comparision data is all over the place to the point of being worthless. Even with a terrible pending/listing ratio actual number of sales have been pretty consistent with exception of a spike in 2003/2004.What does that mean? I am thinking it is just too easy to cherry pick information for “proving” upside or downside arguments, intentionally or unintentionally.ParticipantWhen I looked at that this morning I thought those spikes on the graph should be tossed. How many houses can be had in La Jolla with a 340k per million discount from prices a few months ago?
A month or two back the Union Trib pointed out that Jamul was the one of the biggest depreciating markets in the county. The inventory there has one of the broadest price ranges in the county.Month to month price comparision data is all over the place to the point of being worthless. Even with a terrible pending/listing ratio actual number of sales have been pretty consistent with exception of a spike in 2003/2004.What does that mean? I am thinking it is just too easy to cherry pick information for “proving” upside or downside arguments, intentionally or unintentionally.ParticipantI really don’t see what the big deal is. They made a mistake,so what. Maybe they will learn a lot too. Only the armchair quarterbacks on a housing bubble blog could get worked up over this one.
I wonder what the pyschology behind that is? Some kind of superiorty trip or just sadism.
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