[sdnerd]

I’m typing this inside of $2M+ house inside of Santaluz right now (not mine). It was paid for in all cash.

The neighbors I’ve met are all business owners, and I know there is a professional athlete right near here.

SD Realtor always takes flack whenever he mentions that there IS a lot of money out there and I don’t understand why. There is, and some people make absurd amounts of money.

That’s not to say there aren’t more price declines to come, a lot of houses for sale here, and probably quite a few barely hanging on.

[sdnerd]

I’m typing this inside of $2M+ house inside of Santaluz right now (not mine). It was paid for in all cash.

The neighbors I’ve met are all business owners, and I know there is a professional athlete right near here.

SD Realtor always takes flack whenever he mentions that there IS a lot of money out there and I don’t understand why. There is, and some people make absurd amounts of money.

That’s not to say there aren’t more price declines to come, a lot of houses for sale here, and probably quite a few barely hanging on.

[sdnerd]

I’m typing this inside of $2M+ house inside of Santaluz right now (not mine). It was paid for in all cash.

The neighbors I’ve met are all business owners, and I know there is a professional athlete right near here.

SD Realtor always takes flack whenever he mentions that there IS a lot of money out there and I don’t understand why. There is, and some people make absurd amounts of money.

That’s not to say there aren’t more price declines to come, a lot of houses for sale here, and probably quite a few barely hanging on.

[sdnerd]

I’m typing this inside of $2M+ house inside of Santaluz right now (not mine). It was paid for in all cash.

The neighbors I’ve met are all business owners, and I know there is a professional athlete right near here.

SD Realtor always takes flack whenever he mentions that there IS a lot of money out there and I don’t understand why. There is, and some people make absurd amounts of money.

That’s not to say there aren’t more price declines to come, a lot of houses for sale here, and probably quite a few barely hanging on.

[sdnerd]

I’m typing this inside of $2M+ house inside of Santaluz right now (not mine). It was paid for in all cash.

The neighbors I’ve met are all business owners, and I know there is a professional athlete right near here.

SD Realtor always takes flack whenever he mentions that there IS a lot of money out there and I don’t understand why. There is, and some people make absurd amounts of money.

That’s not to say there aren’t more price declines to come, a lot of houses for sale here, and probably quite a few barely hanging on.

[sdnerd]

As someone else said – the merchant fees add up. The no balance person who does a ton of high dollar transactions is a super low risk profitable customer.

I fit that category w/ personal and business expenses, and I’ve had no reductions in credit with AMEX. Every couple of months they automatically bump my limit for no apparent reason – I suspect that’s automated in some manner since I’m not asking or using it.

What I have noticed however is a *drastic* decrease in the number of 0%, balance transfer, etc card offers in the mail. I used to get a stack full in the mail each week.. and to be honest I can’t even remember the last time I got one. Although that’s probably a good thing those aren’t going out as frequently… 🙂

[sdnerd]

As someone else said – the merchant fees add up. The no balance person who does a ton of high dollar transactions is a super low risk profitable customer.

I fit that category w/ personal and business expenses, and I’ve had no reductions in credit with AMEX. Every couple of months they automatically bump my limit for no apparent reason – I suspect that’s automated in some manner since I’m not asking or using it.

What I have noticed however is a *drastic* decrease in the number of 0%, balance transfer, etc card offers in the mail. I used to get a stack full in the mail each week.. and to be honest I can’t even remember the last time I got one. Although that’s probably a good thing those aren’t going out as frequently… 🙂

[sdnerd]

As someone else said – the merchant fees add up. The no balance person who does a ton of high dollar transactions is a super low risk profitable customer.

I fit that category w/ personal and business expenses, and I’ve had no reductions in credit with AMEX. Every couple of months they automatically bump my limit for no apparent reason – I suspect that’s automated in some manner since I’m not asking or using it.

What I have noticed however is a *drastic* decrease in the number of 0%, balance transfer, etc card offers in the mail. I used to get a stack full in the mail each week.. and to be honest I can’t even remember the last time I got one. Although that’s probably a good thing those aren’t going out as frequently… 🙂

[sdnerd]

As someone else said – the merchant fees add up. The no balance person who does a ton of high dollar transactions is a super low risk profitable customer.

I fit that category w/ personal and business expenses, and I’ve had no reductions in credit with AMEX. Every couple of months they automatically bump my limit for no apparent reason – I suspect that’s automated in some manner since I’m not asking or using it.

What I have noticed however is a *drastic* decrease in the number of 0%, balance transfer, etc card offers in the mail. I used to get a stack full in the mail each week.. and to be honest I can’t even remember the last time I got one. Although that’s probably a good thing those aren’t going out as frequently… 🙂

[sdnerd]

As someone else said – the merchant fees add up. The no balance person who does a ton of high dollar transactions is a super low risk profitable customer.

I fit that category w/ personal and business expenses, and I’ve had no reductions in credit with AMEX. Every couple of months they automatically bump my limit for no apparent reason – I suspect that’s automated in some manner since I’m not asking or using it.

What I have noticed however is a *drastic* decrease in the number of 0%, balance transfer, etc card offers in the mail. I used to get a stack full in the mail each week.. and to be honest I can’t even remember the last time I got one. Although that’s probably a good thing those aren’t going out as frequently… 🙂

[sdnerd]

Well said Temeculaguy; you described my situation pretty well.

I’ve lived here for close to 5 years; moved here a couple years after college because I was tired of roommates. The entire time my monthly payments have been cheaper or equal to an equivalent rental. It’s cheap living, which has allowed me to build a down payment war chest.

~3 minute drive to work for me and it’s about ~10 for my wife. Easy access to all the freeways, shopping, grocery stores, etc. The location is incredible IMHO.

I plan on buying a house in the next year or two, and keeping this as a rental. Eventually own in free and clear, or sell it in 15 years or whenever the next bubble hits.

Sure I wish I had bought at today’s prices vs. 2003, but that’s water under the bridge at this point.

If these hit $100k I’d write a check for another tomorrow. And I agree with you, someone would surely say it’d fall even further.

I’ve seen lock boxes disappear and people move in the last few weeks. So I guess they are starting to sell again or are being rented out… will have to check RedFin.

Be curious to see what happens once the lawsuit is over with.

[sdnerd]

Well said Temeculaguy; you described my situation pretty well.

I’ve lived here for close to 5 years; moved here a couple years after college because I was tired of roommates. The entire time my monthly payments have been cheaper or equal to an equivalent rental. It’s cheap living, which has allowed me to build a down payment war chest.

~3 minute drive to work for me and it’s about ~10 for my wife. Easy access to all the freeways, shopping, grocery stores, etc. The location is incredible IMHO.

I plan on buying a house in the next year or two, and keeping this as a rental. Eventually own in free and clear, or sell it in 15 years or whenever the next bubble hits.

Sure I wish I had bought at today’s prices vs. 2003, but that’s water under the bridge at this point.

If these hit $100k I’d write a check for another tomorrow. And I agree with you, someone would surely say it’d fall even further.

I’ve seen lock boxes disappear and people move in the last few weeks. So I guess they are starting to sell again or are being rented out… will have to check RedFin.

Be curious to see what happens once the lawsuit is over with.

[sdnerd]

Well said Temeculaguy; you described my situation pretty well.

I’ve lived here for close to 5 years; moved here a couple years after college because I was tired of roommates. The entire time my monthly payments have been cheaper or equal to an equivalent rental. It’s cheap living, which has allowed me to build a down payment war chest.

~3 minute drive to work for me and it’s about ~10 for my wife. Easy access to all the freeways, shopping, grocery stores, etc. The location is incredible IMHO.

I plan on buying a house in the next year or two, and keeping this as a rental. Eventually own in free and clear, or sell it in 15 years or whenever the next bubble hits.

Sure I wish I had bought at today’s prices vs. 2003, but that’s water under the bridge at this point.

If these hit $100k I’d write a check for another tomorrow. And I agree with you, someone would surely say it’d fall even further.

I’ve seen lock boxes disappear and people move in the last few weeks. So I guess they are starting to sell again or are being rented out… will have to check RedFin.

Be curious to see what happens once the lawsuit is over with.

[sdnerd]

Well said Temeculaguy; you described my situation pretty well.

I’ve lived here for close to 5 years; moved here a couple years after college because I was tired of roommates. The entire time my monthly payments have been cheaper or equal to an equivalent rental. It’s cheap living, which has allowed me to build a down payment war chest.

~3 minute drive to work for me and it’s about ~10 for my wife. Easy access to all the freeways, shopping, grocery stores, etc. The location is incredible IMHO.

I plan on buying a house in the next year or two, and keeping this as a rental. Eventually own in free and clear, or sell it in 15 years or whenever the next bubble hits.

Sure I wish I had bought at today’s prices vs. 2003, but that’s water under the bridge at this point.

If these hit $100k I’d write a check for another tomorrow. And I agree with you, someone would surely say it’d fall even further.

I’ve seen lock boxes disappear and people move in the last few weeks. So I guess they are starting to sell again or are being rented out… will have to check RedFin.

Be curious to see what happens once the lawsuit is over with.

[sdnerd]

Well said Temeculaguy; you described my situation pretty well.

I’ve lived here for close to 5 years; moved here a couple years after college because I was tired of roommates. The entire time my monthly payments have been cheaper or equal to an equivalent rental. It’s cheap living, which has allowed me to build a down payment war chest.

~3 minute drive to work for me and it’s about ~10 for my wife. Easy access to all the freeways, shopping, grocery stores, etc. The location is incredible IMHO.

I plan on buying a house in the next year or two, and keeping this as a rental. Eventually own in free and clear, or sell it in 15 years or whenever the next bubble hits.

Sure I wish I had bought at today’s prices vs. 2003, but that’s water under the bridge at this point.

If these hit $100k I’d write a check for another tomorrow. And I agree with you, someone would surely say it’d fall even further.

I’ve seen lock boxes disappear and people move in the last few weeks. So I guess they are starting to sell again or are being rented out… will have to check RedFin.

Be curious to see what happens once the lawsuit is over with.

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