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SD Realtor
ParticipantStill not good enough.
RO listen to your advice… “Buy a home now….perhaps rent a room to subsidize the cost”. Also recall the poster asked about CV, Scripps or PQ. A single guy buying a home in either of those communities right now? Are you kidding me?
Any single guy making 160 large could bank alot of coin in a few years and in a flat/depreciating market this guy could make a killing in a few short years. As long as the money isn’t frittered away on drugs, women, or gambling he will do great.
As our friend Wes Hogeland would say,
“Its the biggest no brainer in all of mankind”
Seriously, 125 the biggest issue you should have right now is how to distribute your investments regarding risk.
Again, if you are dead set on buying, then so be it, you can get financing, you can get a home and if you do it right offer a heck of a lowball and take your time. Otherwise wait a few years and chances are you will be well positioned as long as you save some money up.
ParticipantStill not good enough.
RO listen to your advice… “Buy a home now….perhaps rent a room to subsidize the cost”. Also recall the poster asked about CV, Scripps or PQ. A single guy buying a home in either of those communities right now? Are you kidding me?
Any single guy making 160 large could bank alot of coin in a few years and in a flat/depreciating market this guy could make a killing in a few short years. As long as the money isn’t frittered away on drugs, women, or gambling he will do great.
As our friend Wes Hogeland would say,
“Its the biggest no brainer in all of mankind”
Seriously, 125 the biggest issue you should have right now is how to distribute your investments regarding risk.
Again, if you are dead set on buying, then so be it, you can get financing, you can get a home and if you do it right offer a heck of a lowball and take your time. Otherwise wait a few years and chances are you will be well positioned as long as you save some money up.
ParticipantStill not good enough.
RO listen to your advice… “Buy a home now….perhaps rent a room to subsidize the cost”. Also recall the poster asked about CV, Scripps or PQ. A single guy buying a home in either of those communities right now? Are you kidding me?
Any single guy making 160 large could bank alot of coin in a few years and in a flat/depreciating market this guy could make a killing in a few short years. As long as the money isn’t frittered away on drugs, women, or gambling he will do great.
As our friend Wes Hogeland would say,
“Its the biggest no brainer in all of mankind”
Seriously, 125 the biggest issue you should have right now is how to distribute your investments regarding risk.
Again, if you are dead set on buying, then so be it, you can get financing, you can get a home and if you do it right offer a heck of a lowball and take your time. Otherwise wait a few years and chances are you will be well positioned as long as you save some money up.
ParticipantBobs good point regarding market momentum.
RO understand that my stance regarding the advice to 125 is based on his/her demographic. If he/she posts that there is a family involved looking for a school district and a place to set down roots for a long haul then that would be different. However for a young professional who is single, making over 150k in this market, who has never owned a home it seems like waiting a bit longer is much more prudent advice. Consider how much cash he/she could bank while waiting.
Furthermore I feel that any advice to a person that includes getting roommates to subsidize the cost of the investment is poor advice.You own a home so you don’t have to tolerate roommates, vacancies, pains in the asses, landlords, etc.
SD Realtor
ParticipantBobs good point regarding market momentum.
RO understand that my stance regarding the advice to 125 is based on his/her demographic. If he/she posts that there is a family involved looking for a school district and a place to set down roots for a long haul then that would be different. However for a young professional who is single, making over 150k in this market, who has never owned a home it seems like waiting a bit longer is much more prudent advice. Consider how much cash he/she could bank while waiting.
Furthermore I feel that any advice to a person that includes getting roommates to subsidize the cost of the investment is poor advice.You own a home so you don’t have to tolerate roommates, vacancies, pains in the asses, landlords, etc.
SD Realtor
ParticipantBobs good point regarding market momentum.
RO understand that my stance regarding the advice to 125 is based on his/her demographic. If he/she posts that there is a family involved looking for a school district and a place to set down roots for a long haul then that would be different. However for a young professional who is single, making over 150k in this market, who has never owned a home it seems like waiting a bit longer is much more prudent advice. Consider how much cash he/she could bank while waiting.
Furthermore I feel that any advice to a person that includes getting roommates to subsidize the cost of the investment is poor advice.You own a home so you don’t have to tolerate roommates, vacancies, pains in the asses, landlords, etc.
SD Realtor
ParticipantBobs good point regarding market momentum.
RO understand that my stance regarding the advice to 125 is based on his/her demographic. If he/she posts that there is a family involved looking for a school district and a place to set down roots for a long haul then that would be different. However for a young professional who is single, making over 150k in this market, who has never owned a home it seems like waiting a bit longer is much more prudent advice. Consider how much cash he/she could bank while waiting.
Furthermore I feel that any advice to a person that includes getting roommates to subsidize the cost of the investment is poor advice.You own a home so you don’t have to tolerate roommates, vacancies, pains in the asses, landlords, etc.
SD Realtor
ParticipantBobs good point regarding market momentum.
RO understand that my stance regarding the advice to 125 is based on his/her demographic. If he/she posts that there is a family involved looking for a school district and a place to set down roots for a long haul then that would be different. However for a young professional who is single, making over 150k in this market, who has never owned a home it seems like waiting a bit longer is much more prudent advice. Consider how much cash he/she could bank while waiting.
Furthermore I feel that any advice to a person that includes getting roommates to subsidize the cost of the investment is poor advice.You own a home so you don’t have to tolerate roommates, vacancies, pains in the asses, landlords, etc.
SD Realtor
ParticipantOkay I will simply say that Allan, TG and I could probably hang out and talk sports for more then a few moments. Maybe even more then real estate!
It is quite enjoyable and sorry for hijacking the thread.
SD Realtor
ParticipantOkay I will simply say that Allan, TG and I could probably hang out and talk sports for more then a few moments. Maybe even more then real estate!
It is quite enjoyable and sorry for hijacking the thread.
SD Realtor
ParticipantOkay I will simply say that Allan, TG and I could probably hang out and talk sports for more then a few moments. Maybe even more then real estate!
It is quite enjoyable and sorry for hijacking the thread.
SD Realtor
ParticipantOkay I will simply say that Allan, TG and I could probably hang out and talk sports for more then a few moments. Maybe even more then real estate!
It is quite enjoyable and sorry for hijacking the thread.
SD Realtor
ParticipantOkay I will simply say that Allan, TG and I could probably hang out and talk sports for more then a few moments. Maybe even more then real estate!
It is quite enjoyable and sorry for hijacking the thread.
SD Realtor
Participantheheheh tg no worries at all….. read above, you see I did not counter not because of anything except that I have a pretty anal retentive of my budget and anything outside of it doesn’t get purchased.
My reasons for purchasing are well outside the scope of the depreciation cycle and the number of dollars saved by not making the purchase. No argument that Scripps will go down and many parts of it have already gone down. Even throughout all of Scripps what I am looking for is pretty darn selective. Given those parameters I do not envision the steeper depreciation to occur until 09. Which is okay. Maybe we hold out until then… maybe not.
SD Realtor
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