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patientrenter
ParticipantGot it, PD, on the $/sq ft. Like politics, all RE is very, very local.
Patient renter in OC
ParticipantGot it, PD, on the $/sq ft. Like politics, all RE is very, very local.
Patient renter in OC
ParticipantGood site. Thanks, w_a_d. I hadn’t seen it before.
I like your creative and clever explanation of the increase in per square foot price.
I looked up my own neck of the woods here in coastal OC (Costa Mesa), and saw prices per square foot also higher than last year. We can see the inventory going up, and read the rising credit and foreclosure problems, and (a very few) drops in listing prices. But that’s about it so far. Like PD says, it’ll take another few months to start seeing a statistically verifiable drop. I’ll hold onto my Champagne bottle until then!
Patient renter in OC
ParticipantGood site. Thanks, w_a_d. I hadn’t seen it before.
I like your creative and clever explanation of the increase in per square foot price.
I looked up my own neck of the woods here in coastal OC (Costa Mesa), and saw prices per square foot also higher than last year. We can see the inventory going up, and read the rising credit and foreclosure problems, and (a very few) drops in listing prices. But that’s about it so far. Like PD says, it’ll take another few months to start seeing a statistically verifiable drop. I’ll hold onto my Champagne bottle until then!
Patient renter in OC
ParticipantThanks, PD.
The Coronado SFR median price per square foot in April and May was $1000 versus less than $900 for all SFR sales in 2006. I can’t understand why it would increase by over 10%. Whenever I see hard data like that, I wonder if I am just deluding myself in my hope to see prices go down. (But I still believe they will. Problem is, I have no credibility with myself, since I was wrong in each of the prior 10 years!)
Patient renter in OC
ParticipantThanks, PD.
The Coronado SFR median price per square foot in April and May was $1000 versus less than $900 for all SFR sales in 2006. I can’t understand why it would increase by over 10%. Whenever I see hard data like that, I wonder if I am just deluding myself in my hope to see prices go down. (But I still believe they will. Problem is, I have no credibility with myself, since I was wrong in each of the prior 10 years!)
Patient renter in OC
ParticipantThe corrupt few are many..
SDHousehunter,
I’m so glad you’re Jewish. I was expecting a wall of off-topic and bitter blather for and against religion. Now I’m just waiting for the jokes (and thanks for the starters).
If I got you right, you think the financial world is teetering on the brink of a cliff, or at least a ditch, and that a corrupt few are behind your inability to live larger.
That’s not my view. Take a look at recent posts here by myito. She seems moderately successful, like you, but seems to live at about the level of material wellbeing you want. She says she lives in a whole comfortable middle-class world where that’s normal. She made some investments 10 or 15 or 20 years ago, and they have done very well, as most investments did.
I’m a late baby boomer. My 4 siblings are older and all fit myito’s mold. They are all very comfortable, even though none was a star performer. The key was that they worked hard and saved a high % of their income and, most importantly, they bought assets cheap and early. There are many, many tens of millions of them out there in the US and Europe and Japan and elsewhere. It’s not a corrupt few. They’re neither (unusually) corrupt, nor few.
Patient renter in OC
ParticipantThe corrupt few are many..
SDHousehunter,
I’m so glad you’re Jewish. I was expecting a wall of off-topic and bitter blather for and against religion. Now I’m just waiting for the jokes (and thanks for the starters).
If I got you right, you think the financial world is teetering on the brink of a cliff, or at least a ditch, and that a corrupt few are behind your inability to live larger.
That’s not my view. Take a look at recent posts here by myito. She seems moderately successful, like you, but seems to live at about the level of material wellbeing you want. She says she lives in a whole comfortable middle-class world where that’s normal. She made some investments 10 or 15 or 20 years ago, and they have done very well, as most investments did.
I’m a late baby boomer. My 4 siblings are older and all fit myito’s mold. They are all very comfortable, even though none was a star performer. The key was that they worked hard and saved a high % of their income and, most importantly, they bought assets cheap and early. There are many, many tens of millions of them out there in the US and Europe and Japan and elsewhere. It’s not a corrupt few. They’re neither (unusually) corrupt, nor few.
Patient renter in OC
ParticipantYes/no it is/isn’t getting harder.
SDHousehunter, if you had no plans to repay debts, then these last few years would have been some of the best ever. You could have borrowed vast amounts fraudulently, buying many houses with no money down. If you’d timed it right, you could now be retired, wondering why people were complaining about things being hard. If you’d timed it wrong, you’d be doing not much worse than you’re doing now.
For responsible young people like you, high asset prices are very bad news, and we’re near peaks on just about all the assets you can think of. For people who bought those assets 5, 10, 15, 20, 25 years ago, these are the easiest of times, getting easier with every successive peak in the housing and stock markets.
It depends on who you are and when you were born. My advice is not to let your difficulties become a daily mental millstone around your neck. Other posters gave you good advice on the practicalities of how to spend less. It’s not that hard to find more ways to enjoy simple things that cost little or nothing if you ignore what “everyone else” is doing.
Patient renter in OC
ParticipantYes/no it is/isn’t getting harder.
SDHousehunter, if you had no plans to repay debts, then these last few years would have been some of the best ever. You could have borrowed vast amounts fraudulently, buying many houses with no money down. If you’d timed it right, you could now be retired, wondering why people were complaining about things being hard. If you’d timed it wrong, you’d be doing not much worse than you’re doing now.
For responsible young people like you, high asset prices are very bad news, and we’re near peaks on just about all the assets you can think of. For people who bought those assets 5, 10, 15, 20, 25 years ago, these are the easiest of times, getting easier with every successive peak in the housing and stock markets.
It depends on who you are and when you were born. My advice is not to let your difficulties become a daily mental millstone around your neck. Other posters gave you good advice on the practicalities of how to spend less. It’s not that hard to find more ways to enjoy simple things that cost little or nothing if you ignore what “everyone else” is doing.
Patient renter in OC
ParticipantSome boomers are more equal than others…
Construction At…, you raised some good points, even if you do seem a little too sorry for yourself. I just want to point out that not all boomers are in the same situation.
Early boomers
Speaking broadly, early boomers had less competition than average for good jobs, and if they saved diligently and bought houses and stocks, they were rewarded with returns on those asset that are the greatest in history. When they start retiring very soon, they will sell their stock portfolios at enormous prices and buy retirement homes in beautiful out-of-the-way places at modest prices. The people who do best are always the ones that get in earliest.Late boomers
I am a late boomer. I studied full-time until I was 27, and by the time I could afford stocks or a house, they were so expensive I couldn’t bring myself to pluck down the money. I just worked harder, 80-100 hours a week. As my income and savings advanced, so did the prices. I still haven’t bought my first home. When I’m old and I sell the stocks that I recently purchased at prices 10 times higher than 1980 prices, they will probably have depreciated a large amount after 15 years of selling by earlier boomers.So it would be nice to choose when you’re born. But on the other hand, I was lucky to be born into a family that was kind and loving and gave me a good education and lived in the first world in the 20th century. Not a bad hand, after all, and to boot I’ll enjoy a few new inventions my older boomers won’t live to see.
Patient renter in OC
ParticipantSome boomers are more equal than others…
Construction At…, you raised some good points, even if you do seem a little too sorry for yourself. I just want to point out that not all boomers are in the same situation.
Early boomers
Speaking broadly, early boomers had less competition than average for good jobs, and if they saved diligently and bought houses and stocks, they were rewarded with returns on those asset that are the greatest in history. When they start retiring very soon, they will sell their stock portfolios at enormous prices and buy retirement homes in beautiful out-of-the-way places at modest prices. The people who do best are always the ones that get in earliest.Late boomers
I am a late boomer. I studied full-time until I was 27, and by the time I could afford stocks or a house, they were so expensive I couldn’t bring myself to pluck down the money. I just worked harder, 80-100 hours a week. As my income and savings advanced, so did the prices. I still haven’t bought my first home. When I’m old and I sell the stocks that I recently purchased at prices 10 times higher than 1980 prices, they will probably have depreciated a large amount after 15 years of selling by earlier boomers.So it would be nice to choose when you’re born. But on the other hand, I was lucky to be born into a family that was kind and loving and gave me a good education and lived in the first world in the 20th century. Not a bad hand, after all, and to boot I’ll enjoy a few new inventions my older boomers won’t live to see.
Patient renter in OC
ParticipantAgreed, Bugs. I need to find another hobby besides watching these prices. Like PD says, it’s like watching ice melt at 33 degrees.
Patient renter in OC
ParticipantAgreed, Bugs. I need to find another hobby besides watching these prices. Like PD says, it’s like watching ice melt at 33 degrees.
Patient renter in OC
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