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June 1, 2007 at 1:18 PM in reply to: So I pulled the trigger: My buying experience in Temecula (long story) #55969
PerryChase
ParticipantI agree with you LookoutBelow. So far we’re winning that war. The Chinese give us consumer goods and houses, and what do we give them in return? Paper money and a promise of future interest. A great deal for us. How can we pass up?
ParticipantI agree with you LookoutBelow. So far we’re winning that war. The Chinese give us consumer goods and houses, and what do we give them in return? Paper money and a promise of future interest. A great deal for us. How can we pass up?
Participantcyphire, you sound like a smart guy.
I love your parody of the Realtor talk. I had a good laugh.
Whatever you do, don’t ever buy back in Carmel Valley. As a liberal you don’t want to be around the cookie cutter mentality.
Hunker down in your rental and and wait for the absolute trough in the market. At that time you can buy a house in a good location in areas such PB, Bay Park, Point Loma, Bankers Hill and La Jolla, and build / renovate your own house. For $2 million would can get an architecturally satisfying house that you built yourself. Hell, if you can afford $2 million now; with the money you’re saving by renting, you’ll be able to afford $3 million in 5 years.
Don’t settle for cookie cutter when you can have custom. Since you’re from NYC, think about the more interesting modern houses in Long Island, or Connecticut.
At the market low, contractors and architects will be happy to get your business. I was around during the 1990s low and I remember well.
Participantcyphire, you sound like a smart guy.
I love your parody of the Realtor talk. I had a good laugh.
Whatever you do, don’t ever buy back in Carmel Valley. As a liberal you don’t want to be around the cookie cutter mentality.
Hunker down in your rental and and wait for the absolute trough in the market. At that time you can buy a house in a good location in areas such PB, Bay Park, Point Loma, Bankers Hill and La Jolla, and build / renovate your own house. For $2 million would can get an architecturally satisfying house that you built yourself. Hell, if you can afford $2 million now; with the money you’re saving by renting, you’ll be able to afford $3 million in 5 years.
Don’t settle for cookie cutter when you can have custom. Since you’re from NYC, think about the more interesting modern houses in Long Island, or Connecticut.
At the market low, contractors and architects will be happy to get your business. I was around during the 1990s low and I remember well.
Participantcyphire, I agree with you, prices are heading way, way down. I don’t have a crystal ball either but, like you, I won’t buy for at least two more years. And even then I won’t buy until I feel we’re reached a sustainable level.
Still I wonder, since you learned your lesson in the tech bubble, why did you buy a house in 2004 to sell it at a loss in 2006. Two years is barely enough to settle in and get everything the way you want it.
I was around in the 1990s and I remember the downturn. I would never buy an overpriced house to live in. I may however buy a house to flip if I got a good deal.
Participantcyphire, I agree with you, prices are heading way, way down. I don’t have a crystal ball either but, like you, I won’t buy for at least two more years. And even then I won’t buy until I feel we’re reached a sustainable level.
Still I wonder, since you learned your lesson in the tech bubble, why did you buy a house in 2004 to sell it at a loss in 2006. Two years is barely enough to settle in and get everything the way you want it.
I was around in the 1990s and I remember the downturn. I would never buy an overpriced house to live in. I may however buy a house to flip if I got a good deal.
ParticipantYes, I do own my home. I plan to move to a different house when the time is right. My dog has several beds around the house.
ParticipantYes, I do own my home. I plan to move to a different house when the time is right. My dog has several beds around the house.
Participantcyphire, good post.
I made the same parallel between Real Estate and Iraq a thread a while back. I’m a liberal too and I always supported bringing democracy and freedom to people around the world (like we did in Kosovo and like we should in the Sudan). With Iraq, I felt like the Bushies were using democracy as a guise to dominate the Middle East and particularly send a warning to Saudi Arabia, Venezuela, Russia and other oil producing states. The situation is broken now and they are like the gambling home-sellers hoping for a summer surge. Fat chance it’s gonna happen.
http://piggington.com/iraq_is_like_the_housing_market_but_not_like_you_think
I agree with you that most homeowners are still in denial. The current buyers are also in denial and hoping for a rebound. There are few buyers with wherewithal (like you) who are buying now. They either already own or won’t buy on appreciation speculation.
I could buy now, but I’m not going to until the price is right.
Participantcyphire, good post.
I made the same parallel between Real Estate and Iraq a thread a while back. I’m a liberal too and I always supported bringing democracy and freedom to people around the world (like we did in Kosovo and like we should in the Sudan). With Iraq, I felt like the Bushies were using democracy as a guise to dominate the Middle East and particularly send a warning to Saudi Arabia, Venezuela, Russia and other oil producing states. The situation is broken now and they are like the gambling home-sellers hoping for a summer surge. Fat chance it’s gonna happen.
http://piggington.com/iraq_is_like_the_housing_market_but_not_like_you_think
I agree with you that most homeowners are still in denial. The current buyers are also in denial and hoping for a rebound. There are few buyers with wherewithal (like you) who are buying now. They either already own or won’t buy on appreciation speculation.
I could buy now, but I’m not going to until the price is right.
ParticipantTemecula video. Watch it for the music.
ParticipantTemecula video. Watch it for the music.
ParticipantThe median information presented in this thread in relevant in that it’s the information reported by the press. That’s affects the general perception of where the market is heading.
The media focuses on median figures so it’s only fair that market watchers discuss them — whether to refute the figures are not indicative of existing market conditions because the median lags the market, or to point out that a downward median is finally indicating a worsening situation. I don’t see any inconsistency here.
ParticipantThe median information presented in this thread in relevant in that it’s the information reported by the press. That’s affects the general perception of where the market is heading.
The media focuses on median figures so it’s only fair that market watchers discuss them — whether to refute the figures are not indicative of existing market conditions because the median lags the market, or to point out that a downward median is finally indicating a worsening situation. I don’t see any inconsistency here.
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