[sdcellar]

Does it count if you’ve lived here since you were a teenager?

I know I wasn’t in the market for a house at that time and, as teenagers will, didn’t keep very close tabs on real estate (I know I should have…)

[sdcellar]

Price is too high and the location is okay.

Since you’re commenting on schools, you must have (or are considering) children. Wouldn’t you prefer a house over a condo?

[sdcellar]

Price is too high and the location is okay.

Since you’re commenting on schools, you must have (or are considering) children. Wouldn’t you prefer a house over a condo?

[sdcellar]

That’s funny. Nicely done.

[sdcellar]

That’s funny. Nicely done.

[sdcellar]

Most builders will put a “sold” button on a property if a “buyer” says he’ll buy a place. If he changes his mind, then it will go back to an “available” pin. This is all before any contract is signed.

And then, even if it does go into contract, there are a surprising number of cancellations. Certainly more in the last year and a half than before.

Not saying that’s the case here, but always something to keep in mind (i.e. builder tactic to increase urgency).

[sdcellar]

Most builders will put a “sold” button on a property if a “buyer” says he’ll buy a place. If he changes his mind, then it will go back to an “available” pin. This is all before any contract is signed.

And then, even if it does go into contract, there are a surprising number of cancellations. Certainly more in the last year and a half than before.

Not saying that’s the case here, but always something to keep in mind (i.e. builder tactic to increase urgency).

[sdcellar]

I’ll say 70% of where prices are now, although even typing it, that “feels” conservative. (wow, do I really believe that?)

…returns a moment later.

Okay, put me down for 60%.

[sdcellar]

I’ll say 70% of where prices are now, although even typing it, that “feels” conservative. (wow, do I really believe that?)

…returns a moment later.

Okay, put me down for 60%.

[sdcellar]

CA– Oh, have no doubt, you are a douchebag (hey, you brought it up!). I’m a supposed gen-Xer and bear no such ill will toward boomers or any other broad age-based demographic. Losers have no age bracket. I don’t like whiners though and you certainly are that.

Sure, I’m not making specific points because I could praise or condemn anyone at any age bracket you’d like me to. So what? Waaaaaa.

Don’t wait for anybody to die and change things for yourself, because if you can’t do that, you certainly can’t help your peer group.

[sdcellar]

CA– Oh, have no doubt, you are a douchebag (hey, you brought it up!). I’m a supposed gen-Xer and bear no such ill will toward boomers or any other broad age-based demographic. Losers have no age bracket. I don’t like whiners though and you certainly are that.

Sure, I’m not making specific points because I could praise or condemn anyone at any age bracket you’d like me to. So what? Waaaaaa.

Don’t wait for anybody to die and change things for yourself, because if you can’t do that, you certainly can’t help your peer group.

[sdcellar]

Reads like NAR fluff to me. You know, the folks who said prices were going rise last year. and then this year. wait, maybe next year.

Oh, and I think you can expect an L-shaped recovery at best (whenever it finally does happen). 5.3%? That’s funny. The even bigger laugh is Phoenix’s recovery (Q4 2008,7.7%).

[sdcellar]

Reads like NAR fluff to me. You know, the folks who said prices were going rise last year. and then this year. wait, maybe next year.

Oh, and I think you can expect an L-shaped recovery at best (whenever it finally does happen). 5.3%? That’s funny. The even bigger laugh is Phoenix’s recovery (Q4 2008,7.7%).

[sdcellar]

myito– I love that you compliment cyphire on his post, but quickly proceed to declare it simplistic and faulty!

I’m sure he’ll probably weigh in as well, but I couldn’t resist commenting on your itemized listed list:

1) You contradict yourself regarding your perception of loser renters. They’re not losers, but they’re not like-minded either?

When you say you want your neighbors to be like-minded, do you mean in *every* regard? Let’s see, I rent, and I want to hang out with my neighbors, for my kids to go to good schools, to live in a safe area. We *seem* pretty like minded.

Again, you make huge assumptions, cyphire’s situation isn’t special or unique, and neither is mine. You could easily have it as well, but you choose not to. That’s fine, but don’t criticize it.

2) So you’re only putting down around $200K on what sounds like must be a place that runs at least a million. Do you understand the concept of renting money? I hope so, because it sounds like you’re going to be renting a lot of it.

3) Nobody cares about your 401(k). cyphire’s point was that retirement money is exactly that. It sounds like your socking it away, therefore it will grow and you should be fine. If, instead, you are making it part of your housing play, then it won’t grow as much and the $500K isn’t as good as it seems. From prior posts, we can’t tell what your plans were for the money, but you can see where bringing it up in the homebuying context might raise the question.

2nd 3) You’re the one who brought up 11 years ago. As you well know by now, I like to discuss this in the context of the here and now, but don’t fault others for bringing up historical examples that counter your historical examples.

4) Paper loss discussion is all well and fine, but in the long run, the gain or loss is what it is. Granting you a gain when you sell, you still will likely not have gained as much as you could have if you’d held out another year or two. No guarantees, of course, but that’s what it looks like right now.

You’ve also mentioned the quick dollar several times, but that’s not the case at all. The patient are simply waiting for prices to make sense and when they do, they’ll buy and sit for a long time.

5) Okay

and finally, I’m glad you’re revitalized, but I would disagree with SD Realtor. You’re not sticking to your guns. You keep changing them. I’m starting to see a repeating pattern of people specifically addressing your points and you coming back with something else.

You’re also starting more and more to make direct attacks on folks. This is on top of your already indirect attacks. Me, I don’t care. I have thick skin, so bring it on, but I don’t think you get to play the “nice” myito card much longer.

How’s that for simplistic and faulty!

[sdcellar]

myito– I love that you compliment cyphire on his post, but quickly proceed to declare it simplistic and faulty!

I’m sure he’ll probably weigh in as well, but I couldn’t resist commenting on your itemized listed list:

1) You contradict yourself regarding your perception of loser renters. They’re not losers, but they’re not like-minded either?

When you say you want your neighbors to be like-minded, do you mean in *every* regard? Let’s see, I rent, and I want to hang out with my neighbors, for my kids to go to good schools, to live in a safe area. We *seem* pretty like minded.

Again, you make huge assumptions, cyphire’s situation isn’t special or unique, and neither is mine. You could easily have it as well, but you choose not to. That’s fine, but don’t criticize it.

2) So you’re only putting down around $200K on what sounds like must be a place that runs at least a million. Do you understand the concept of renting money? I hope so, because it sounds like you’re going to be renting a lot of it.

3) Nobody cares about your 401(k). cyphire’s point was that retirement money is exactly that. It sounds like your socking it away, therefore it will grow and you should be fine. If, instead, you are making it part of your housing play, then it won’t grow as much and the $500K isn’t as good as it seems. From prior posts, we can’t tell what your plans were for the money, but you can see where bringing it up in the homebuying context might raise the question.

2nd 3) You’re the one who brought up 11 years ago. As you well know by now, I like to discuss this in the context of the here and now, but don’t fault others for bringing up historical examples that counter your historical examples.

4) Paper loss discussion is all well and fine, but in the long run, the gain or loss is what it is. Granting you a gain when you sell, you still will likely not have gained as much as you could have if you’d held out another year or two. No guarantees, of course, but that’s what it looks like right now.

You’ve also mentioned the quick dollar several times, but that’s not the case at all. The patient are simply waiting for prices to make sense and when they do, they’ll buy and sit for a long time.

5) Okay

and finally, I’m glad you’re revitalized, but I would disagree with SD Realtor. You’re not sticking to your guns. You keep changing them. I’m starting to see a repeating pattern of people specifically addressing your points and you coming back with something else.

You’re also starting more and more to make direct attacks on folks. This is on top of your already indirect attacks. Me, I don’t care. I have thick skin, so bring it on, but I don’t think you get to play the “nice” myito card much longer.

How’s that for simplistic and faulty!

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