Forum Replies Created
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AuthorPosts
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Ricechex
ParticipantHere, here Vrudney! My sentiments exactly. I have been wondering how to invest in a supply of water, so that I can be guaranteed fresh drinking water when all of these problems converge making us a third world country.
Has anyone seen the documentary, “End of Suburbia”?
The beginning of the end of is NOW….as we can see housing prices in Temecula, Murietta, and outlying areas are the first ones to drop.
ParticipantNeighborhoods Considering: North Park, South Park
Condo/House: House
Price Range: $325K
Size Range: 800 SF or more (yeah right), garage, and yard
Currently (Rent/Own): Rent and Own. Rent house in North Park, and own house with someone else in City Heights…that is rented out.
Shopping the Market?: Nope. Watching and waiting. I think March-August 2008ParticipantNeighborhoods Considering: North Park, South Park
Condo/House: House
Price Range: $325K
Size Range: 800 SF or more (yeah right), garage, and yard
Currently (Rent/Own): Rent and Own. Rent house in North Park, and own house with someone else in City Heights…that is rented out.
Shopping the Market?: Nope. Watching and waiting. I think March-August 2008Participantdrunkle-
I agree that the majority of people in np have been here a long time. I have lived here for the past 17 years in various places (minus 2 1/2 years in Hillcrest),and I also have many friends in the neighborhood.Most people either own homes or rent homes they have been in for awhile, and many don’t even get advertised. Case in point….I live in a 2 bed/1 ba house with a 1 bed/1ba house on same property, next door, not behind my house. I have been here since Dec 99, and when the house next to me came up for rent, some friends of mine got it and have been here since early 2001. It is who ya know….the people that are paying the high rents are either divorcing, new to the neighborhood, or have been given the boot when their long term rental went up for sale.
Some other friends of mine were renters on Pershing Ave and bought the house for $225K over 10 years ago. The prior owner took a $50K loss at that time.
Approximatey 3 years ago, they did some condo conversions across the street from me. That was cool, because it moved out the family with 16 people in a 2 bed townhouse. However, the new owners got screwed, the place is constantly having plumbing and electrical issus, and a unit is always for sale (out of 5 units) and the price keeps going down.
EDIT: I think the house posted could rent for about $1900–$2500 is pushing it. $2500 will get you Pershing, or Granada street, something near Morley Field, with more square footage.
Participantdrunkle-
I agree that the majority of people in np have been here a long time. I have lived here for the past 17 years in various places (minus 2 1/2 years in Hillcrest),and I also have many friends in the neighborhood.Most people either own homes or rent homes they have been in for awhile, and many don’t even get advertised. Case in point….I live in a 2 bed/1 ba house with a 1 bed/1ba house on same property, next door, not behind my house. I have been here since Dec 99, and when the house next to me came up for rent, some friends of mine got it and have been here since early 2001. It is who ya know….the people that are paying the high rents are either divorcing, new to the neighborhood, or have been given the boot when their long term rental went up for sale.
Some other friends of mine were renters on Pershing Ave and bought the house for $225K over 10 years ago. The prior owner took a $50K loss at that time.
Approximatey 3 years ago, they did some condo conversions across the street from me. That was cool, because it moved out the family with 16 people in a 2 bed townhouse. However, the new owners got screwed, the place is constantly having plumbing and electrical issus, and a unit is always for sale (out of 5 units) and the price keeps going down.
EDIT: I think the house posted could rent for about $1900–$2500 is pushing it. $2500 will get you Pershing, or Granada street, something near Morley Field, with more square footage.
ParticipantThis is a great thread. I have enjoyed reading the responses; they are intelligent and not inflammatory. (It appears that most posters on this board are logical, responsible and are sharper than the average bear).
That said, why are we commenting on Househunter’s choice to tithe or shop at Whole Foods? Both, are a preference and he defines his priorities. When we talk about money, we also talk about values. The value of what money really “means” to us, and how we should spend it or be in debt.
My suspicion is that Househunter goes to a very expensive synagogue. I would speak with the Temple CEO and see if you can bargain down the rate. That would be a good Jewish thing to do. (BTW, I was born and raised Jewish, now an atheist–but I contribute all year long to animal and environmental organizations–it is all a matter of priority).
Perhaps, you could pay for your internet. Corporate America will take your last dollar, market you till you can’t tell the difference between what is real and not real, but isn’t honesty important? How would you feel if you owned the business and someone was stealing from you? What are you role modeling for your children? Mixed messages.
Sounds like you are a nice young guy trying to make it work. Determine your priorities, you could cut back on some expenses but that would involve a sacrifice in other areas. Decide what is MOST important. Prioritize.
Live life in moderation.
ParticipantThis is a great thread. I have enjoyed reading the responses; they are intelligent and not inflammatory. (It appears that most posters on this board are logical, responsible and are sharper than the average bear).
That said, why are we commenting on Househunter’s choice to tithe or shop at Whole Foods? Both, are a preference and he defines his priorities. When we talk about money, we also talk about values. The value of what money really “means” to us, and how we should spend it or be in debt.
My suspicion is that Househunter goes to a very expensive synagogue. I would speak with the Temple CEO and see if you can bargain down the rate. That would be a good Jewish thing to do. (BTW, I was born and raised Jewish, now an atheist–but I contribute all year long to animal and environmental organizations–it is all a matter of priority).
Perhaps, you could pay for your internet. Corporate America will take your last dollar, market you till you can’t tell the difference between what is real and not real, but isn’t honesty important? How would you feel if you owned the business and someone was stealing from you? What are you role modeling for your children? Mixed messages.
Sounds like you are a nice young guy trying to make it work. Determine your priorities, you could cut back on some expenses but that would involve a sacrifice in other areas. Decide what is MOST important. Prioritize.
Live life in moderation.
ParticipantBlaming the victim is not usually a good idea, however, one has to question every day common sense of the “victims” of this scam.
If it is too good to be true, it usually is.
This is just another representation of a society flawed by its incessant and persistent need to accumulate wealth without having to work for it. Pure and simple greed. That only works for the World Bank, it does not work for simple peasants like the family that bought 8 houses in Temecula. Sheesh. Does not take a brain surgeon to know that something is rotten in Denmark.
This is not to say that the “victims” are not “nice” people. I am sure they work hard, and are kind to kids and animals. Their lust for greed did away with common sense. The company should be held responsible for creating false documents, etc., but the individual is essentially responsible for signing on the dotted line. Blaming the company for purchasing 8 houses?!! Ludicrous. The entitlement is disgusting.
They would have had better luck with the slot machines.
ParticipantBlaming the victim is not usually a good idea, however, one has to question every day common sense of the “victims” of this scam.
If it is too good to be true, it usually is.
This is just another representation of a society flawed by its incessant and persistent need to accumulate wealth without having to work for it. Pure and simple greed. That only works for the World Bank, it does not work for simple peasants like the family that bought 8 houses in Temecula. Sheesh. Does not take a brain surgeon to know that something is rotten in Denmark.
This is not to say that the “victims” are not “nice” people. I am sure they work hard, and are kind to kids and animals. Their lust for greed did away with common sense. The company should be held responsible for creating false documents, etc., but the individual is essentially responsible for signing on the dotted line. Blaming the company for purchasing 8 houses?!! Ludicrous. The entitlement is disgusting.
They would have had better luck with the slot machines.
ParticipantI have been lurking here for quite some time, and just had to respond to this thread. I am very confused about owning, buying and renting–let me explain….
I am in a somewhat odd and unique position. (I don’t make as much money as the rest of you, so please bear with me…)
I rented a home in December 1999, for a SUPER BARGAIN price. I got lucky because I knew someone and got the hook up. The buying frenzy was just beginning. I fed into the group think, and because I didn’t have enough money alone, I bought a house (July 2001) in a lesser quality neighborhood with a friend. Because the mortgage at the owned house was actually MORE than my rent, and I lived in a better house in a better neighborhood, I could not see moving! We rented the house and the rent did not cover the mortgage and we each paid out of pocket.
In 2003 we refinanced the house. Rents have gone up and new tenants moved in. We are now making a small profit of $150 a month. I am still living in the rental house at the SAME price, but I worry that the landlady will die and I will get the boot. If that happens, I really don’t want to move into the house that I own but it would be much more affordable than finding a rental similar to what I live in now.
Recently, I have inherited $40K. I am wondering what to do with it—should I buy another home that I would prefer to live in eventually when my luck runs out here?
Should I wait it out a few more years?
I agree that renters are definitely “looked down” upon in this society, and that is too bad. My father always rented, and discouraged me to buy. He always disagreed with the concept of renting is “throwing away money.” Consequently, he was force fed by the wife to buy a home in Santa Cruz over 10 years ago–presently it is worth a lot, and he was mid 50s for his first homebuying experience)
It does seem that owning a house is good for retirement, right? Pretty much you are going to be on a fixed income, so a house that is near paid off seems a good idea.
Well…sorry for such a long post.
Any feedback would be appreciated.
ParticipantI have been lurking here for quite some time, and just had to respond to this thread. I am very confused about owning, buying and renting–let me explain….
I am in a somewhat odd and unique position. (I don’t make as much money as the rest of you, so please bear with me…)
I rented a home in December 1999, for a SUPER BARGAIN price. I got lucky because I knew someone and got the hook up. The buying frenzy was just beginning. I fed into the group think, and because I didn’t have enough money alone, I bought a house (July 2001) in a lesser quality neighborhood with a friend. Because the mortgage at the owned house was actually MORE than my rent, and I lived in a better house in a better neighborhood, I could not see moving! We rented the house and the rent did not cover the mortgage and we each paid out of pocket.
In 2003 we refinanced the house. Rents have gone up and new tenants moved in. We are now making a small profit of $150 a month. I am still living in the rental house at the SAME price, but I worry that the landlady will die and I will get the boot. If that happens, I really don’t want to move into the house that I own but it would be much more affordable than finding a rental similar to what I live in now.
Recently, I have inherited $40K. I am wondering what to do with it—should I buy another home that I would prefer to live in eventually when my luck runs out here?
Should I wait it out a few more years?
I agree that renters are definitely “looked down” upon in this society, and that is too bad. My father always rented, and discouraged me to buy. He always disagreed with the concept of renting is “throwing away money.” Consequently, he was force fed by the wife to buy a home in Santa Cruz over 10 years ago–presently it is worth a lot, and he was mid 50s for his first homebuying experience)
It does seem that owning a house is good for retirement, right? Pretty much you are going to be on a fixed income, so a house that is near paid off seems a good idea.
Well…sorry for such a long post.
Any feedback would be appreciated.
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