[one_muggle]

As bad as things might get, market timing is a tough business and generally not recommended with your primary residence.

Anecdotal story: The most risk tolerant person I know suggested to someone that they do the sell/wait/buy tactic for a vacation rental (Myrtle Beach, I think), when the prospective seller mentioned doing the same with his hugely appreciated NYC co-op the comment from Mr Risk Tolerant “You gotta be f–kin nuts!” (That’s NY-speak for “I think that is a bad idea, my friend.”

-one muggle

[one_muggle]

As bad as things might get, market timing is a tough business and generally not recommended with your primary residence.

Anecdotal story: The most risk tolerant person I know suggested to someone that they do the sell/wait/buy tactic for a vacation rental (Myrtle Beach, I think), when the prospective seller mentioned doing the same with his hugely appreciated NYC co-op the comment from Mr Risk Tolerant “You gotta be f–kin nuts!” (That’s NY-speak for “I think that is a bad idea, my friend.”

-one muggle

[one_muggle]

As bad as things might get, market timing is a tough business and generally not recommended with your primary residence.

Anecdotal story: The most risk tolerant person I know suggested to someone that they do the sell/wait/buy tactic for a vacation rental (Myrtle Beach, I think), when the prospective seller mentioned doing the same with his hugely appreciated NYC co-op the comment from Mr Risk Tolerant “You gotta be f–kin nuts!” (That’s NY-speak for “I think that is a bad idea, my friend.”

-one muggle

[one_muggle]

Thread drift… At first I was having flashbacks to my time in NY “I’m kicking your ass”
Then my thoughts went to Georgia as I thought this was a redneck pissing contest “My shotgun is bigger than yours”.
Finally I was having flashbacks to my time in DC and thought this was a metrosexual pissing contest “My Pinot has a better nose than yours”.
Ahhh… the West Coast, there really isn’t anywhere else quite like it, is there?
Now, if you’ll excuse me, I am just going to kickback and rip open my best box of wine.

Sto’lot
-one muggle

[one_muggle]

Thread drift… At first I was having flashbacks to my time in NY “I’m kicking your ass”
Then my thoughts went to Georgia as I thought this was a redneck pissing contest “My shotgun is bigger than yours”.
Finally I was having flashbacks to my time in DC and thought this was a metrosexual pissing contest “My Pinot has a better nose than yours”.
Ahhh… the West Coast, there really isn’t anywhere else quite like it, is there?
Now, if you’ll excuse me, I am just going to kickback and rip open my best box of wine.

Sto’lot
-one muggle

[one_muggle]

Thread drift… At first I was having flashbacks to my time in NY “I’m kicking your ass”
Then my thoughts went to Georgia as I thought this was a redneck pissing contest “My shotgun is bigger than yours”.
Finally I was having flashbacks to my time in DC and thought this was a metrosexual pissing contest “My Pinot has a better nose than yours”.
Ahhh… the West Coast, there really isn’t anywhere else quite like it, is there?
Now, if you’ll excuse me, I am just going to kickback and rip open my best box of wine.

Sto’lot
-one muggle

[one_muggle]

CostaMesa, if you truly are an engineer (and I’m not saying you’re not), then you would know the technically correct answer to the half full/empty question: The glass has margin. The other answers are just touchy-feely social science crap. ;^p
-one muggle

[one_muggle]

CostaMesa, if you truly are an engineer (and I’m not saying you’re not), then you would know the technically correct answer to the half full/empty question: The glass has margin. The other answers are just touchy-feely social science crap. ;^p
-one muggle

[one_muggle]

CostaMesa, if you truly are an engineer (and I’m not saying you’re not), then you would know the technically correct answer to the half full/empty question: The glass has margin. The other answers are just touchy-feely social science crap. ;^p
-one muggle

[one_muggle]

Global Insights market report for housing over [under] valuation.

(sorry for the lousy format)
First quarter (except 2006Q4 entry) over/[under]valuation for 2003|2004|2005|2006|2006Q4|2007
San Diego, CA $320.0 6.0% | $389.3 18.9% | $480.8 39.2% | $498.1 35.1% | $475.9 25.6% | $469.1 21.6%

Los Angeles, CA $286.8 1.1% | $353.4 18.4% | $439.8 41.0% | $521.2 57.7% | $527.9 55.7% | $524.9 52.1%

These numbers are all overvaluations, but as recent as 2002, this same report had LA and SD as undervalued -5.5 and -3.4, respectively.

They also stated that the higher the overvaluation, the faster and harder the reversion to the trend. I guess you can think of it like a stretched rubberband. Which gives some credibility to the “fast” theory of depreciation.
Though, I stubbornly cling onto the long, painful decline model.
I also find it interesting, given how pessimistic people are on SD, that LA looks to be in for far worse. Maybe Arnie can save us with his acting.
-one muggle

[one_muggle]

Global Insights market report for housing over [under] valuation.

(sorry for the lousy format)
First quarter (except 2006Q4 entry) over/[under]valuation for 2003|2004|2005|2006|2006Q4|2007
San Diego, CA $320.0 6.0% | $389.3 18.9% | $480.8 39.2% | $498.1 35.1% | $475.9 25.6% | $469.1 21.6%

Los Angeles, CA $286.8 1.1% | $353.4 18.4% | $439.8 41.0% | $521.2 57.7% | $527.9 55.7% | $524.9 52.1%

These numbers are all overvaluations, but as recent as 2002, this same report had LA and SD as undervalued -5.5 and -3.4, respectively.

They also stated that the higher the overvaluation, the faster and harder the reversion to the trend. I guess you can think of it like a stretched rubberband. Which gives some credibility to the “fast” theory of depreciation.
Though, I stubbornly cling onto the long, painful decline model.
I also find it interesting, given how pessimistic people are on SD, that LA looks to be in for far worse. Maybe Arnie can save us with his acting.
-one muggle

[one_muggle]

Global Insights market report for housing over [under] valuation.

(sorry for the lousy format)
First quarter (except 2006Q4 entry) over/[under]valuation for 2003|2004|2005|2006|2006Q4|2007
San Diego, CA $320.0 6.0% | $389.3 18.9% | $480.8 39.2% | $498.1 35.1% | $475.9 25.6% | $469.1 21.6%

Los Angeles, CA $286.8 1.1% | $353.4 18.4% | $439.8 41.0% | $521.2 57.7% | $527.9 55.7% | $524.9 52.1%

These numbers are all overvaluations, but as recent as 2002, this same report had LA and SD as undervalued -5.5 and -3.4, respectively.

They also stated that the higher the overvaluation, the faster and harder the reversion to the trend. I guess you can think of it like a stretched rubberband. Which gives some credibility to the “fast” theory of depreciation.
Though, I stubbornly cling onto the long, painful decline model.
I also find it interesting, given how pessimistic people are on SD, that LA looks to be in for far worse. Maybe Arnie can save us with his acting.
-one muggle

[one_muggle]

Yes LA is world class, but my point before was that LA is so many different things, good and bad. IMHO the beach communities are fun, but really crowded, really expensive, and a really hard place to raise a family. The valley is a big crowded suburb, but has everything you can imagine. If you want fun or need a service, you’ve got it. The foothills can be very nice, but are also very expensive right now–not just housing. Most school districts, even in nice neighborhoods, are iffy at best, and private schools run $1k-1.5k per month, per kid.
Crazy as it sounds, I think that if you have a family and do not already own a home, I think you need at least $150k/yr family income as a minimum to make it around the foothills–beach might be a little higher.
BTW: As a preemptive shuush, I realize that some people around here can get by on less, especially if you are DINKs, but I think to raise a family, save for college, save for retirement, pay for housing (rental or mortgage), etc, it is a challenge to get by with less around here–never mind keep up with the Jones’s. Only time will tell if all those Jones’s can really afford their lifestyle, but that is the hot topic of a dozen other forums.

-one muggle

[one_muggle]

Yes LA is world class, but my point before was that LA is so many different things, good and bad. IMHO the beach communities are fun, but really crowded, really expensive, and a really hard place to raise a family. The valley is a big crowded suburb, but has everything you can imagine. If you want fun or need a service, you’ve got it. The foothills can be very nice, but are also very expensive right now–not just housing. Most school districts, even in nice neighborhoods, are iffy at best, and private schools run $1k-1.5k per month, per kid.
Crazy as it sounds, I think that if you have a family and do not already own a home, I think you need at least $150k/yr family income as a minimum to make it around the foothills–beach might be a little higher.
BTW: As a preemptive shuush, I realize that some people around here can get by on less, especially if you are DINKs, but I think to raise a family, save for college, save for retirement, pay for housing (rental or mortgage), etc, it is a challenge to get by with less around here–never mind keep up with the Jones’s. Only time will tell if all those Jones’s can really afford their lifestyle, but that is the hot topic of a dozen other forums.

-one muggle

[one_muggle]

Yes LA is world class, but my point before was that LA is so many different things, good and bad. IMHO the beach communities are fun, but really crowded, really expensive, and a really hard place to raise a family. The valley is a big crowded suburb, but has everything you can imagine. If you want fun or need a service, you’ve got it. The foothills can be very nice, but are also very expensive right now–not just housing. Most school districts, even in nice neighborhoods, are iffy at best, and private schools run $1k-1.5k per month, per kid.
Crazy as it sounds, I think that if you have a family and do not already own a home, I think you need at least $150k/yr family income as a minimum to make it around the foothills–beach might be a little higher.
BTW: As a preemptive shuush, I realize that some people around here can get by on less, especially if you are DINKs, but I think to raise a family, save for college, save for retirement, pay for housing (rental or mortgage), etc, it is a challenge to get by with less around here–never mind keep up with the Jones’s. Only time will tell if all those Jones’s can really afford their lifestyle, but that is the hot topic of a dozen other forums.

-one muggle

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