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patientlywaiting
ParticipantAnyone who is interested in real estate and globalization should take a trip to China. The scale of development is mind bloggling.
China is to America what America was to Europe in the 19th century.
Go to China and see for yourself (after the Olympics because it’ll be very crowded next year). Spend 3 weeks to 1 month and fly all over the country.
China is a country not be ignored.
ParticipantAnyone who is interested in real estate and globalization should take a trip to China. The scale of development is mind bloggling.
China is to America what America was to Europe in the 19th century.
Go to China and see for yourself (after the Olympics because it’ll be very crowded next year). Spend 3 weeks to 1 month and fly all over the country.
China is a country not be ignored.
October 8, 2007 at 10:14 AM in reply to: Biggest percentage loss in San Diego, purchased price vs. list or sold price #87331ParticipantShort sales don’t qualify. I’ve seen short sales get foreclosed and relisted at higher prices. But then they sit, sit and sit.
October 8, 2007 at 10:14 AM in reply to: Biggest percentage loss in San Diego, purchased price vs. list or sold price #87338ParticipantShort sales don’t qualify. I’ve seen short sales get foreclosed and relisted at higher prices. But then they sit, sit and sit.
ParticipantI agree with Fearful.
October 4, 2007 at 2:22 PM in reply to: Biggest percentage loss in San Diego, purchased price vs. list or sold price #86989Participantwow, sdrealtor, looks like a great deal in La Costa. $399k? We’re beginning to see some nice properties for decent prices.
Participant” How about a housing allowance to a CEO since 1995? 12 years of this nonsense…”
Housing allowance is in-kind compensation and is taxable under current law (except for ordained clergy). So a corporation can give a fat housing allowance to an exec but it wouldn’t be tax free.
Participantbsrsharma, how about an executive whose corporation gives him $15 million mortgage to buy a house? 100% financing. Two years later, the board votes to forgive the debt. Nice tax free compensation. Win, win for the executive and the corporation.
Sure you can limit it to $500k or whatever. But that’s better than nothing for the people who have good tax accountants.
ParticipantDear Mrs. mrquoi,
With a great wife like you, Mr. mrquoi is in good hands. You both will have a great financial future. 🙂
October 4, 2007 at 11:18 AM in reply to: Biggest percentage loss in San Diego, purchased price vs. list or sold price #86959Participantnice one Arraya. 🙂
ParticipantDefinitely a flip and not a principal residence. No homeowners exemption on the tax records.
Wait and see how much staying power they have. Bleeding cash every month is no way to make money. They are hoping for the next sucker to bail them out.
ParticipantI wonder if mrquoi and his partner bought a home last year. Since they are gay, they probably bought at La Boheme because it’s such a great area that it’s immune from price drops.
October 3, 2007 at 1:27 PM in reply to: Housing prices in free fall along Mount Soledad Road in La Jolla #86851ParticipantNormally, insurance does not cover anything that is incremental and happens over time.
Participantbad idea patientrenter. Even if he makes out on the future, he’ll be stuck with a big mortage.
Talk to your employer and renegotiate. I like the rental assistance program. Everything is negotiable. don’t tell them you’re afraid of declining values. Tell them that SD is too expensive and you can’t swing the downpayment to qualify. You want to rent a few more years to save money and get a conservative loan.
Even if they don’t give you a rent rebate, they might pay for you to live in a nicer place than you would pay with your own cash.. Better digs would be nice.
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