[Ozzie]

sdr,

A bull to me is someone who believes a certain asset is going to rise in price in the near future which I don’t believe I ever said. I did say that LCV has not lost value like all the headlines would lead you to believe. That’s still the case today. It’s has basically been flat for going on 3.5 years. You’ll find a foreclosure or two every couple months, but there are still no real deals.

If you actually read my post you would see that I said it would be stupid to sell because renting is not a viable alternative in term of both lifestyle and the rising cost of renting a decent home. If the train has left the station as you say then why did a house here just sell for the 2nd highest price ever in LCV? And it wasn’t even listed in the MLS. And it had a backup offer. But of course you know everything. Just ask you.

[Ozzie]

sdr,

A bull to me is someone who believes a certain asset is going to rise in price in the near future which I don’t believe I ever said. I did say that LCV has not lost value like all the headlines would lead you to believe. That’s still the case today. It’s has basically been flat for going on 3.5 years. You’ll find a foreclosure or two every couple months, but there are still no real deals.

If you actually read my post you would see that I said it would be stupid to sell because renting is not a viable alternative in term of both lifestyle and the rising cost of renting a decent home. If the train has left the station as you say then why did a house here just sell for the 2nd highest price ever in LCV? And it wasn’t even listed in the MLS. And it had a backup offer. But of course you know everything. Just ask you.

[Ozzie]

sdr,

A bull to me is someone who believes a certain asset is going to rise in price in the near future which I don’t believe I ever said. I did say that LCV has not lost value like all the headlines would lead you to believe. That’s still the case today. It’s has basically been flat for going on 3.5 years. You’ll find a foreclosure or two every couple months, but there are still no real deals.

If you actually read my post you would see that I said it would be stupid to sell because renting is not a viable alternative in term of both lifestyle and the rising cost of renting a decent home. If the train has left the station as you say then why did a house here just sell for the 2nd highest price ever in LCV? And it wasn’t even listed in the MLS. And it had a backup offer. But of course you know everything. Just ask you.

[Ozzie]

sdr,

A bull to me is someone who believes a certain asset is going to rise in price in the near future which I don’t believe I ever said. I did say that LCV has not lost value like all the headlines would lead you to believe. That’s still the case today. It’s has basically been flat for going on 3.5 years. You’ll find a foreclosure or two every couple months, but there are still no real deals.

If you actually read my post you would see that I said it would be stupid to sell because renting is not a viable alternative in term of both lifestyle and the rising cost of renting a decent home. If the train has left the station as you say then why did a house here just sell for the 2nd highest price ever in LCV? And it wasn’t even listed in the MLS. And it had a backup offer. But of course you know everything. Just ask you.

[Ozzie]

sdr,

A bull to me is someone who believes a certain asset is going to rise in price in the near future which I don’t believe I ever said. I did say that LCV has not lost value like all the headlines would lead you to believe. That’s still the case today. It’s has basically been flat for going on 3.5 years. You’ll find a foreclosure or two every couple months, but there are still no real deals.

If you actually read my post you would see that I said it would be stupid to sell because renting is not a viable alternative in term of both lifestyle and the rising cost of renting a decent home. If the train has left the station as you say then why did a house here just sell for the 2nd highest price ever in LCV? And it wasn’t even listed in the MLS. And it had a backup offer. But of course you know everything. Just ask you.

[Ozzie]

A comparable house would cost about $4500/month to rent right now and that would involve moving my family to a new neighborhood and hoping the lifestyle is comparable which I doubt it would be. Paying over $200,000 in rent over the next 4 years and then hoping the market in 2012 would be at 2000 prices seems highly unlikely to me, and in 2012 I’ll be looking to downsize.

There’s an interesting new product from Rex & Co. that lets you take out equity on your house in exchange for giving up a percentage of future equity gains which I think I might do. It’s not a loan that you pay interest on and it’s not a reverse mortgage. It’s basically an option based on a current appraisal. There are some issues that I need legal advice on but it seems like it might be a good hedge against future declines

[Ozzie]

A comparable house would cost about $4500/month to rent right now and that would involve moving my family to a new neighborhood and hoping the lifestyle is comparable which I doubt it would be. Paying over $200,000 in rent over the next 4 years and then hoping the market in 2012 would be at 2000 prices seems highly unlikely to me, and in 2012 I’ll be looking to downsize.

There’s an interesting new product from Rex & Co. that lets you take out equity on your house in exchange for giving up a percentage of future equity gains which I think I might do. It’s not a loan that you pay interest on and it’s not a reverse mortgage. It’s basically an option based on a current appraisal. There are some issues that I need legal advice on but it seems like it might be a good hedge against future declines

[Ozzie]

A comparable house would cost about $4500/month to rent right now and that would involve moving my family to a new neighborhood and hoping the lifestyle is comparable which I doubt it would be. Paying over $200,000 in rent over the next 4 years and then hoping the market in 2012 would be at 2000 prices seems highly unlikely to me, and in 2012 I’ll be looking to downsize.

There’s an interesting new product from Rex & Co. that lets you take out equity on your house in exchange for giving up a percentage of future equity gains which I think I might do. It’s not a loan that you pay interest on and it’s not a reverse mortgage. It’s basically an option based on a current appraisal. There are some issues that I need legal advice on but it seems like it might be a good hedge against future declines

[Ozzie]

A comparable house would cost about $4500/month to rent right now and that would involve moving my family to a new neighborhood and hoping the lifestyle is comparable which I doubt it would be. Paying over $200,000 in rent over the next 4 years and then hoping the market in 2012 would be at 2000 prices seems highly unlikely to me, and in 2012 I’ll be looking to downsize.

There’s an interesting new product from Rex & Co. that lets you take out equity on your house in exchange for giving up a percentage of future equity gains which I think I might do. It’s not a loan that you pay interest on and it’s not a reverse mortgage. It’s basically an option based on a current appraisal. There are some issues that I need legal advice on but it seems like it might be a good hedge against future declines

[Ozzie]

A comparable house would cost about $4500/month to rent right now and that would involve moving my family to a new neighborhood and hoping the lifestyle is comparable which I doubt it would be. Paying over $200,000 in rent over the next 4 years and then hoping the market in 2012 would be at 2000 prices seems highly unlikely to me, and in 2012 I’ll be looking to downsize.

There’s an interesting new product from Rex & Co. that lets you take out equity on your house in exchange for giving up a percentage of future equity gains which I think I might do. It’s not a loan that you pay interest on and it’s not a reverse mortgage. It’s basically an option based on a current appraisal. There are some issues that I need legal advice on but it seems like it might be a good hedge against future declines

[Ozzie]

Well as I said it was my wife’s “plan” not mine. The problem with the renting idea is that it’s a substandard lifestyle for us. My wife is a habitual decorator and very good at it, but there’s no way a landlord would let her make a bunch of changes and no way I’d let her pay to upgrade someone else’s property. Secondly, it’s just not a big savings even though I have a damn big mortgage. I can’t wait another 3 years because my kids will be out of high school in 5-6 years so I’m not going to deprive them of a great environment in the meantinem to save a few bucks. If it were already 2014 and the kids were at college it would be a much different story.

[Ozzie]

Well as I said it was my wife’s “plan” not mine. The problem with the renting idea is that it’s a substandard lifestyle for us. My wife is a habitual decorator and very good at it, but there’s no way a landlord would let her make a bunch of changes and no way I’d let her pay to upgrade someone else’s property. Secondly, it’s just not a big savings even though I have a damn big mortgage. I can’t wait another 3 years because my kids will be out of high school in 5-6 years so I’m not going to deprive them of a great environment in the meantinem to save a few bucks. If it were already 2014 and the kids were at college it would be a much different story.

[Ozzie]

Well as I said it was my wife’s “plan” not mine. The problem with the renting idea is that it’s a substandard lifestyle for us. My wife is a habitual decorator and very good at it, but there’s no way a landlord would let her make a bunch of changes and no way I’d let her pay to upgrade someone else’s property. Secondly, it’s just not a big savings even though I have a damn big mortgage. I can’t wait another 3 years because my kids will be out of high school in 5-6 years so I’m not going to deprive them of a great environment in the meantinem to save a few bucks. If it were already 2014 and the kids were at college it would be a much different story.

[Ozzie]

Well as I said it was my wife’s “plan” not mine. The problem with the renting idea is that it’s a substandard lifestyle for us. My wife is a habitual decorator and very good at it, but there’s no way a landlord would let her make a bunch of changes and no way I’d let her pay to upgrade someone else’s property. Secondly, it’s just not a big savings even though I have a damn big mortgage. I can’t wait another 3 years because my kids will be out of high school in 5-6 years so I’m not going to deprive them of a great environment in the meantinem to save a few bucks. If it were already 2014 and the kids were at college it would be a much different story.

[Ozzie]

Well as I said it was my wife’s “plan” not mine. The problem with the renting idea is that it’s a substandard lifestyle for us. My wife is a habitual decorator and very good at it, but there’s no way a landlord would let her make a bunch of changes and no way I’d let her pay to upgrade someone else’s property. Secondly, it’s just not a big savings even though I have a damn big mortgage. I can’t wait another 3 years because my kids will be out of high school in 5-6 years so I’m not going to deprive them of a great environment in the meantinem to save a few bucks. If it were already 2014 and the kids were at college it would be a much different story.

[Author]

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