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Reality
Participant[quote=CA renter][quote=zzz]Trust me, if you walked into this house and looked at it, you would not think it had been fixed up nicely. It looked like someone did some cheap remodeling. The living room looks like an add on and someone threw that on. You would have thought, this looks like an apartment but everything is super crammed in there.
Super loud street and you have no yard. The couple who sold the house had a small child and you would not let your child play in that front yard, its a super busy street.[/quote]
It looks like they used floor tiles on the kitchen counters, no?
From what I saw in North County, prices were very soft or down from 2006 to 2007. Look at the premium they paid in 2007 over the 2006 price. Then, some idiot came in and paid even more!!!!
We are also witnessing the same kind of insanity in North County — people paying MORE than peak prices in a number of cases. Is nobody paying attention to what’s going on, or do we live in a different dimension now?
Oh, and I couldn’t agree more with what you’ve said, HLS.[/quote]
Some folks are panicking right now, trying to get that $8,000 before it gets rescinded or buy before rates go up. It never dawns on them that that $8,000 could very well cost them $100,000 if/when prices go down, and higher interest rates = lower prices.
But not everyone is a financial wizard.
Participant[quote=CA renter][quote=zzz]Trust me, if you walked into this house and looked at it, you would not think it had been fixed up nicely. It looked like someone did some cheap remodeling. The living room looks like an add on and someone threw that on. You would have thought, this looks like an apartment but everything is super crammed in there.
Super loud street and you have no yard. The couple who sold the house had a small child and you would not let your child play in that front yard, its a super busy street.[/quote]
It looks like they used floor tiles on the kitchen counters, no?
From what I saw in North County, prices were very soft or down from 2006 to 2007. Look at the premium they paid in 2007 over the 2006 price. Then, some idiot came in and paid even more!!!!
We are also witnessing the same kind of insanity in North County — people paying MORE than peak prices in a number of cases. Is nobody paying attention to what’s going on, or do we live in a different dimension now?
Oh, and I couldn’t agree more with what you’ve said, HLS.[/quote]
Some folks are panicking right now, trying to get that $8,000 before it gets rescinded or buy before rates go up. It never dawns on them that that $8,000 could very well cost them $100,000 if/when prices go down, and higher interest rates = lower prices.
But not everyone is a financial wizard.
Participant[quote=jpinpb]How can you tell they’re lying? Watch to see when their lips move.
Yeah. Old. But still so applies.
I like the way each one is broken down and explained.
In conclusion: Now’s a great time to buy![/quote]
It’s ALWAYS a great time to get a commission.
Participant[quote=jpinpb]How can you tell they’re lying? Watch to see when their lips move.
Yeah. Old. But still so applies.
I like the way each one is broken down and explained.
In conclusion: Now’s a great time to buy![/quote]
It’s ALWAYS a great time to get a commission.
Participant[quote=jpinpb]How can you tell they’re lying? Watch to see when their lips move.
Yeah. Old. But still so applies.
I like the way each one is broken down and explained.
In conclusion: Now’s a great time to buy![/quote]
It’s ALWAYS a great time to get a commission.
Participant[quote=jpinpb]How can you tell they’re lying? Watch to see when their lips move.
Yeah. Old. But still so applies.
I like the way each one is broken down and explained.
In conclusion: Now’s a great time to buy![/quote]
It’s ALWAYS a great time to get a commission.
Participant[quote=jpinpb]How can you tell they’re lying? Watch to see when their lips move.
Yeah. Old. But still so applies.
I like the way each one is broken down and explained.
In conclusion: Now’s a great time to buy![/quote]
It’s ALWAYS a great time to get a commission.
Participant[quote=threadkiller]What is this household income thing suppose to be? Is that gross or net? My net is probably different than many in that I pay for some of my medical insurance (a requirement I might add) charitable contributions, 401K, taxes on my taxes(or so it seems), my take home is about 60% of my gross. Is this normal? It defintiely affects how much home I could afford. I think the only relevent number is net income.[/quote]
60%? That’s a lot. My take home is 52% of my gross, at least until I max out my 401k contributions for the year.
Were you off today Mike?
Participant[quote=threadkiller]What is this household income thing suppose to be? Is that gross or net? My net is probably different than many in that I pay for some of my medical insurance (a requirement I might add) charitable contributions, 401K, taxes on my taxes(or so it seems), my take home is about 60% of my gross. Is this normal? It defintiely affects how much home I could afford. I think the only relevent number is net income.[/quote]
60%? That’s a lot. My take home is 52% of my gross, at least until I max out my 401k contributions for the year.
Were you off today Mike?
Participant[quote=threadkiller]What is this household income thing suppose to be? Is that gross or net? My net is probably different than many in that I pay for some of my medical insurance (a requirement I might add) charitable contributions, 401K, taxes on my taxes(or so it seems), my take home is about 60% of my gross. Is this normal? It defintiely affects how much home I could afford. I think the only relevent number is net income.[/quote]
60%? That’s a lot. My take home is 52% of my gross, at least until I max out my 401k contributions for the year.
Were you off today Mike?
Participant[quote=threadkiller]What is this household income thing suppose to be? Is that gross or net? My net is probably different than many in that I pay for some of my medical insurance (a requirement I might add) charitable contributions, 401K, taxes on my taxes(or so it seems), my take home is about 60% of my gross. Is this normal? It defintiely affects how much home I could afford. I think the only relevent number is net income.[/quote]
60%? That’s a lot. My take home is 52% of my gross, at least until I max out my 401k contributions for the year.
Were you off today Mike?
Participant[quote=threadkiller]What is this household income thing suppose to be? Is that gross or net? My net is probably different than many in that I pay for some of my medical insurance (a requirement I might add) charitable contributions, 401K, taxes on my taxes(or so it seems), my take home is about 60% of my gross. Is this normal? It defintiely affects how much home I could afford. I think the only relevent number is net income.[/quote]
60%? That’s a lot. My take home is 52% of my gross, at least until I max out my 401k contributions for the year.
Were you off today Mike?
Participant[quote=Nor-LA-SD-guy]
For all the talk of the coming tsunami of foreclosures Due to the huge numbers of defaults the reality is that an NOD’s can come from many sources including Over zealous HOA’s etc… and they still rarely end in foreclosure.The reality is at least in CA, is that this is a major Job and entertainment center (and in most places a really nice place to live), and that as long as the home comes in at a good price for the neighborhood, it will find a buyer almost immediately.
What’s a good price ???
I don’t know but maybe look at what’s disappearing (selling) next door in a few days time.
the tsunami is coming, the tsunami is coming[/quote]
Yeah, and they aren’t making any more land either. Whatever.
Gee, you don’t think that maybe the folks in WI who used to live in all those homes on the market also thought their area was a “really nice place to live”. What changed? Don’t say a lack of six figure jobs because they didn’t exist before and aren’t needed to buy in WI.
Prices in the San Diego area mostly TRIPLED between 1997 and 2005, and are still mostly double the 1997 price. I guess the high paying jobs started arriving around 1997. Uh huh.
Participant[quote=Nor-LA-SD-guy]
For all the talk of the coming tsunami of foreclosures Due to the huge numbers of defaults the reality is that an NOD’s can come from many sources including Over zealous HOA’s etc… and they still rarely end in foreclosure.The reality is at least in CA, is that this is a major Job and entertainment center (and in most places a really nice place to live), and that as long as the home comes in at a good price for the neighborhood, it will find a buyer almost immediately.
What’s a good price ???
I don’t know but maybe look at what’s disappearing (selling) next door in a few days time.
the tsunami is coming, the tsunami is coming[/quote]
Yeah, and they aren’t making any more land either. Whatever.
Gee, you don’t think that maybe the folks in WI who used to live in all those homes on the market also thought their area was a “really nice place to live”. What changed? Don’t say a lack of six figure jobs because they didn’t exist before and aren’t needed to buy in WI.
Prices in the San Diego area mostly TRIPLED between 1997 and 2005, and are still mostly double the 1997 price. I guess the high paying jobs started arriving around 1997. Uh huh.
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