[Raybyrnes]

JohnAlt91941

Stop fooling yourself John, there are plenty of posters who will outright tell you that they are hoping for a bloodbath for people. This is not something that I am making up. Read the board . I have been on here for close to 2 years. Believe me ther are some bitter people. I won’t even waste my time pointing out the different threads.

[Raybyrnes]

JohnAlt91941

Stop fooling yourself John, there are plenty of posters who will outright tell you that they are hoping for a bloodbath for people. This is not something that I am making up. Read the board . I have been on here for close to 2 years. Believe me ther are some bitter people. I won’t even waste my time pointing out the different threads.

[Raybyrnes]

JohnAlt91941

Stop fooling yourself John, there are plenty of posters who will outright tell you that they are hoping for a bloodbath for people. This is not something that I am making up. Read the board . I have been on here for close to 2 years. Believe me ther are some bitter people. I won’t even waste my time pointing out the different threads.

[Raybyrnes]

Never said you were bitter but there are plenty on the board who are wishing the worst for people. I don’t want to see people lose their homes. In fact if things were ever to get as negative as many beleive on this board it would be time for all to pick up and go becaue everyones job would be on the line. I personally do not see things going there.

Here is one other consideration. I gave a 20 year time hoizen and this was a petty safe bet. Probably safer than holding cash if you figured on inflation and taxes eating into more conservative holding such as cash or bonds. But how about the last month. S & P , the Dow etc are down 10% in a month. I don’t know about you but my 401k and investmetns have sure changed. So are you thinking that the home you are living in and using for shelter that volitile in the short run.

People will aregue the time horizon is either too long or too short and these are fair discussions but when you really boil down the purchase of your primary residence it should come down too, Can I be happy here and can I afford it. If both of those answers are yes and you see something now I am not going to go on a diatribe about why you shouldn’t buy. I probably will bring you a house warming gift and congratualte you for having developed yourself enough professionally to be able to afford your home.

The way I see it a home purchased at a bad time is still probably better than leasing the new Beamer or buying a rolex watch, buying a bottle of Cristal at a club downtown. A home also provides stability and sometimes takes that itch of moving jobs out of your blood when things get tough at work. Again these are all benefits when you know what you can afford before you purcahse.

[Raybyrnes]

Never said you were bitter but there are plenty on the board who are wishing the worst for people. I don’t want to see people lose their homes. In fact if things were ever to get as negative as many beleive on this board it would be time for all to pick up and go becaue everyones job would be on the line. I personally do not see things going there.

Here is one other consideration. I gave a 20 year time hoizen and this was a petty safe bet. Probably safer than holding cash if you figured on inflation and taxes eating into more conservative holding such as cash or bonds. But how about the last month. S & P , the Dow etc are down 10% in a month. I don’t know about you but my 401k and investmetns have sure changed. So are you thinking that the home you are living in and using for shelter that volitile in the short run.

People will aregue the time horizon is either too long or too short and these are fair discussions but when you really boil down the purchase of your primary residence it should come down too, Can I be happy here and can I afford it. If both of those answers are yes and you see something now I am not going to go on a diatribe about why you shouldn’t buy. I probably will bring you a house warming gift and congratualte you for having developed yourself enough professionally to be able to afford your home.

The way I see it a home purchased at a bad time is still probably better than leasing the new Beamer or buying a rolex watch, buying a bottle of Cristal at a club downtown. A home also provides stability and sometimes takes that itch of moving jobs out of your blood when things get tough at work. Again these are all benefits when you know what you can afford before you purcahse.

[Raybyrnes]

Never said you were bitter but there are plenty on the board who are wishing the worst for people. I don’t want to see people lose their homes. In fact if things were ever to get as negative as many beleive on this board it would be time for all to pick up and go becaue everyones job would be on the line. I personally do not see things going there.

Here is one other consideration. I gave a 20 year time hoizen and this was a petty safe bet. Probably safer than holding cash if you figured on inflation and taxes eating into more conservative holding such as cash or bonds. But how about the last month. S & P , the Dow etc are down 10% in a month. I don’t know about you but my 401k and investmetns have sure changed. So are you thinking that the home you are living in and using for shelter that volitile in the short run.

People will aregue the time horizon is either too long or too short and these are fair discussions but when you really boil down the purchase of your primary residence it should come down too, Can I be happy here and can I afford it. If both of those answers are yes and you see something now I am not going to go on a diatribe about why you shouldn’t buy. I probably will bring you a house warming gift and congratualte you for having developed yourself enough professionally to be able to afford your home.

The way I see it a home purchased at a bad time is still probably better than leasing the new Beamer or buying a rolex watch, buying a bottle of Cristal at a club downtown. A home also provides stability and sometimes takes that itch of moving jobs out of your blood when things get tough at work. Again these are all benefits when you know what you can afford before you purcahse.

[Raybyrnes]

sdcellar

The hypothetical does not pertain to my own experience. In 99 I moved out here and had no idea as to whether I was going to stay or go. The thought of buying a home really was not there. As pointed out by someone else on the board I was young and was focused on establishing myself in my carreer.

But with respect to timing, there seems to be a contingent on this board that keeps bringing up market cycles. As I see it, this argument seems extremely counter intuitive because a market cycle would always suggest that at some point if your holding time is long enough you come out ahead. This is true of the stock market aswell. I like the Americans Funds. It can be pointed out that there has never been a 20 year period of time where if you held your fund that you would have lost money.

World war 1 was a bad time to buy but those who bought and hold made money. WW11, Vietnam Black monday were all times that were the wrong time to buy. Now I challenge anyone to say that long period of time do not produce the same buying sckepticism with housing. It is the wrong time to buy because….

When is the right time to buy. How about when I am established in my carreer, I have a year reserve , I am able to max out my 401K, I can handle a 30 year fixed rate, I found a property I love, a school system that helps me avoid the high cost of private schools etc. If now is that time for people then so be it. Maybe a sellers panic is there buying opportunity. That doesn’t mean I am there yet but I am not bitter about that.

[Raybyrnes]

sdcellar

The hypothetical does not pertain to my own experience. In 99 I moved out here and had no idea as to whether I was going to stay or go. The thought of buying a home really was not there. As pointed out by someone else on the board I was young and was focused on establishing myself in my carreer.

But with respect to timing, there seems to be a contingent on this board that keeps bringing up market cycles. As I see it, this argument seems extremely counter intuitive because a market cycle would always suggest that at some point if your holding time is long enough you come out ahead. This is true of the stock market aswell. I like the Americans Funds. It can be pointed out that there has never been a 20 year period of time where if you held your fund that you would have lost money.

World war 1 was a bad time to buy but those who bought and hold made money. WW11, Vietnam Black monday were all times that were the wrong time to buy. Now I challenge anyone to say that long period of time do not produce the same buying sckepticism with housing. It is the wrong time to buy because….

When is the right time to buy. How about when I am established in my carreer, I have a year reserve , I am able to max out my 401K, I can handle a 30 year fixed rate, I found a property I love, a school system that helps me avoid the high cost of private schools etc. If now is that time for people then so be it. Maybe a sellers panic is there buying opportunity. That doesn’t mean I am there yet but I am not bitter about that.

[Raybyrnes]

sdcellar

The hypothetical does not pertain to my own experience. In 99 I moved out here and had no idea as to whether I was going to stay or go. The thought of buying a home really was not there. As pointed out by someone else on the board I was young and was focused on establishing myself in my carreer.

But with respect to timing, there seems to be a contingent on this board that keeps bringing up market cycles. As I see it, this argument seems extremely counter intuitive because a market cycle would always suggest that at some point if your holding time is long enough you come out ahead. This is true of the stock market aswell. I like the Americans Funds. It can be pointed out that there has never been a 20 year period of time where if you held your fund that you would have lost money.

World war 1 was a bad time to buy but those who bought and hold made money. WW11, Vietnam Black monday were all times that were the wrong time to buy. Now I challenge anyone to say that long period of time do not produce the same buying sckepticism with housing. It is the wrong time to buy because….

When is the right time to buy. How about when I am established in my carreer, I have a year reserve , I am able to max out my 401K, I can handle a 30 year fixed rate, I found a property I love, a school system that helps me avoid the high cost of private schools etc. If now is that time for people then so be it. Maybe a sellers panic is there buying opportunity. That doesn’t mean I am there yet but I am not bitter about that.

[Raybyrnes]

Arty,

I hope you ae right. I just don’t foresee it.

[Raybyrnes]

Arty,

I hope you ae right. I just don’t foresee it.

[Raybyrnes]

Arty,

I hope you ae right. I just don’t foresee it.

[Raybyrnes]

I don’t think people have as much time as they think. The reality is that people thought they had time in 1999 and when they put in there full price offer on their dream home they were outbid and had to start the process over. Then they found another dream home after trenching it out for weekends and they were outbid. More frustration and family fights betweens husband and wives.

Here is the reality and it seems like the realators on this board have made extremely clear, you need to have a realistic idea of the market, and what you can afford. When you identify that property you need to be ready to pull a trigger. That doesn’t mean recklessly going out and getting exotic mortgages to get into something you can’t afford but it is also coming to the reality that if your spouse is not working and you are making a 100 K a year that you are probably not going to get into Carmel Valley, Rancho Bernardo or some of the other newer communiities.

You can continue to think that somehow there will be a half price special and that when this occurs that you will also get exactly what you want. The reality is that you have to be able to identify what you want, and what is available. If stretching means having your wife get a job, cutting out the family vactions, sending your kids to Public Colleges instead of private then you will be able to buy. If you wants to have both then I would think about going elsehwere because it probably is not going to happen in Southern Cal.

There is a lot of money out here and the lifestyle is desirable. A lot of income in San Diego does not show up in the statistics because there are a lot of small business ownere who make plenty of money and it is not being reported. Additionally there are enough old timers who have set up trust funds due to the fact that the did buy many eons ago who and going to help there kids out.

I rent. I make good money. Enough in many markets to buy something really nice. I have cash and I have family that has cash and I too am looking for a bargain but I am also realistic that I am probably not going to get my dream home out of the gate. I am not going to find a home in Del Sur for a conforming loan limit of 417K. I will have to pay good money for something fairly average but I will have a school system, a location to work, the weather which will ofset the negatives. I will also have a cost of housing that is within my means and hopefully I will have neghbors and a coommunity of people that I enjoy living with. This all comes at a price.

[Raybyrnes]

I don’t think people have as much time as they think. The reality is that people thought they had time in 1999 and when they put in there full price offer on their dream home they were outbid and had to start the process over. Then they found another dream home after trenching it out for weekends and they were outbid. More frustration and family fights betweens husband and wives.

Here is the reality and it seems like the realators on this board have made extremely clear, you need to have a realistic idea of the market, and what you can afford. When you identify that property you need to be ready to pull a trigger. That doesn’t mean recklessly going out and getting exotic mortgages to get into something you can’t afford but it is also coming to the reality that if your spouse is not working and you are making a 100 K a year that you are probably not going to get into Carmel Valley, Rancho Bernardo or some of the other newer communiities.

You can continue to think that somehow there will be a half price special and that when this occurs that you will also get exactly what you want. The reality is that you have to be able to identify what you want, and what is available. If stretching means having your wife get a job, cutting out the family vactions, sending your kids to Public Colleges instead of private then you will be able to buy. If you wants to have both then I would think about going elsehwere because it probably is not going to happen in Southern Cal.

There is a lot of money out here and the lifestyle is desirable. A lot of income in San Diego does not show up in the statistics because there are a lot of small business ownere who make plenty of money and it is not being reported. Additionally there are enough old timers who have set up trust funds due to the fact that the did buy many eons ago who and going to help there kids out.

I rent. I make good money. Enough in many markets to buy something really nice. I have cash and I have family that has cash and I too am looking for a bargain but I am also realistic that I am probably not going to get my dream home out of the gate. I am not going to find a home in Del Sur for a conforming loan limit of 417K. I will have to pay good money for something fairly average but I will have a school system, a location to work, the weather which will ofset the negatives. I will also have a cost of housing that is within my means and hopefully I will have neghbors and a coommunity of people that I enjoy living with. This all comes at a price.

[Raybyrnes]

I don’t think people have as much time as they think. The reality is that people thought they had time in 1999 and when they put in there full price offer on their dream home they were outbid and had to start the process over. Then they found another dream home after trenching it out for weekends and they were outbid. More frustration and family fights betweens husband and wives.

Here is the reality and it seems like the realators on this board have made extremely clear, you need to have a realistic idea of the market, and what you can afford. When you identify that property you need to be ready to pull a trigger. That doesn’t mean recklessly going out and getting exotic mortgages to get into something you can’t afford but it is also coming to the reality that if your spouse is not working and you are making a 100 K a year that you are probably not going to get into Carmel Valley, Rancho Bernardo or some of the other newer communiities.

You can continue to think that somehow there will be a half price special and that when this occurs that you will also get exactly what you want. The reality is that you have to be able to identify what you want, and what is available. If stretching means having your wife get a job, cutting out the family vactions, sending your kids to Public Colleges instead of private then you will be able to buy. If you wants to have both then I would think about going elsehwere because it probably is not going to happen in Southern Cal.

There is a lot of money out here and the lifestyle is desirable. A lot of income in San Diego does not show up in the statistics because there are a lot of small business ownere who make plenty of money and it is not being reported. Additionally there are enough old timers who have set up trust funds due to the fact that the did buy many eons ago who and going to help there kids out.

I rent. I make good money. Enough in many markets to buy something really nice. I have cash and I have family that has cash and I too am looking for a bargain but I am also realistic that I am probably not going to get my dream home out of the gate. I am not going to find a home in Del Sur for a conforming loan limit of 417K. I will have to pay good money for something fairly average but I will have a school system, a location to work, the weather which will ofset the negatives. I will also have a cost of housing that is within my means and hopefully I will have neghbors and a coommunity of people that I enjoy living with. This all comes at a price.

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