[sdrealtor]

“I’m not advocating everyone to buy right now but the real decision point should be can I afford it, do I love it, is this the place I can reside for the next 10+ years and yes, is the price reasonable by some metric. There is way too much focus on the last point around here IMO.”

Thanks for not jumping down my throat guys. My point was not that everyone should run out and make emotional purchases but rather about balance. The need for a sense of balance is what got me involved around here in the first place when their was a raving lunatic dominating these boards without anyone balancing her act. Balance is necessary and for many there is none. My point was to remind people and myself for that matter that there is more than dollar and cents involved in their decisions.

Thats all………….

[sdrealtor]

“I’m not advocating everyone to buy right now but the real decision point should be can I afford it, do I love it, is this the place I can reside for the next 10+ years and yes, is the price reasonable by some metric. There is way too much focus on the last point around here IMO.”

Thanks for not jumping down my throat guys. My point was not that everyone should run out and make emotional purchases but rather about balance. The need for a sense of balance is what got me involved around here in the first place when their was a raving lunatic dominating these boards without anyone balancing her act. Balance is necessary and for many there is none. My point was to remind people and myself for that matter that there is more than dollar and cents involved in their decisions.

Thats all………….

[sdrealtor]

I always pay for one and would never ask a client to pay. It allows me to focus on what makes me money and ensures there is always someone on top of keeping the file current and complete.

[sdrealtor]

I always pay for one and would never ask a client to pay. It allows me to focus on what makes me money and ensures there is always someone on top of keeping the file current and complete.

[sdrealtor]

Reading Chris’s post of late have brought me back to something that was a strong position I hold personally that I’ve lost touch with a little. Houses are for living and enjoying. They are not and should not be financial instruments. I figured that of anyone here, he would be the one to time the bottom. But he’s much wiser than I would have thought. He found exactly what he wanted, at a price he could afford and I’ll bet he’s enjoying the heck out of his life these days.

There is a great irony on this board to me. Many of you are genuinely pissed off that people viewed homes as financial instruments and drove the prices up through speculation. However, when you look at housing all you want to focus on is the price and buying at the bottom.

I’m not advocating everyone to buy right now but the real decision point should be can I afford it, do I love it, is this the place I can reside for the next 10+ years and yes, is the price reasonable by some metric. There is way too much focus on the last point around here IMO. I have clients looking right now and I can tell you definitively what is out for sale right now are not dream homes. They are the ugly red headed step children for the most part.

[sdrealtor]

Reading Chris’s post of late have brought me back to something that was a strong position I hold personally that I’ve lost touch with a little. Houses are for living and enjoying. They are not and should not be financial instruments. I figured that of anyone here, he would be the one to time the bottom. But he’s much wiser than I would have thought. He found exactly what he wanted, at a price he could afford and I’ll bet he’s enjoying the heck out of his life these days.

There is a great irony on this board to me. Many of you are genuinely pissed off that people viewed homes as financial instruments and drove the prices up through speculation. However, when you look at housing all you want to focus on is the price and buying at the bottom.

I’m not advocating everyone to buy right now but the real decision point should be can I afford it, do I love it, is this the place I can reside for the next 10+ years and yes, is the price reasonable by some metric. There is way too much focus on the last point around here IMO. I have clients looking right now and I can tell you definitively what is out for sale right now are not dream homes. They are the ugly red headed step children for the most part.

[sdrealtor]

Just like my Mom always says. After 3 days company and fish start to stink!

[sdrealtor]

Just like my Mom always says. After 3 days company and fish start to stink!

[sdrealtor]

FYI, you cant get a 2800 sq ft home in Del Mar unless you have a lot over 11,000 sq ft. I’m talking “Del Mar” not San Diego west of I-5 in the 92014 Zip. There is a difference. I wouldnt hold my breathe ever seeing something like that under $1.5M again.

[sdrealtor]

FYI, you cant get a 2800 sq ft home in Del Mar unless you have a lot over 11,000 sq ft. I’m talking “Del Mar” not San Diego west of I-5 in the 92014 Zip. There is a difference. I wouldnt hold my breathe ever seeing something like that under $1.5M again.

[sdrealtor]

Bugs,
I absolutely would pull the trigger at 700K, 800K, 900K or even $1M. It’s about finding the right house more than the right price. The former is much more challenging where I am looking. Of course I’d love to pay 600K but I want what I want and will buy when I see it. I’ve only seen what I want about 2 or 3 times in the last 5 years and one of my clients is in escrow on one of them. I’ve got about 15 years to find it and will wait until I find what I want which is far more important to me than price.

[sdrealtor]

Bugs,
I absolutely would pull the trigger at 700K, 800K, 900K or even $1M. It’s about finding the right house more than the right price. The former is much more challenging where I am looking. Of course I’d love to pay 600K but I want what I want and will buy when I see it. I’ve only seen what I want about 2 or 3 times in the last 5 years and one of my clients is in escrow on one of them. I’ve got about 15 years to find it and will wait until I find what I want which is far more important to me than price.

[sdrealtor]

There are plenty of respectable agents that have been around a long time. I know many of them and they never viewed this as a get rich quick business. To be successful at this in the long run requires hard work, just like any other business and very good interpersonal skills. Knowing alot about RE wont necessarily make you dime. Working hard and good social skills will.

[sdrealtor]

There are plenty of respectable agents that have been around a long time. I know many of them and they never viewed this as a get rich quick business. To be successful at this in the long run requires hard work, just like any other business and very good interpersonal skills. Knowing alot about RE wont necessarily make you dime. Working hard and good social skills will.

[sdrealtor]

FYI, for my house to get back to rental range it would have to get down to the purchase price a decade ago net of installing landscaping, appliances, window treatments etc and rates would have to be around 5.5% and you would need to put down more than 25%.

Good luck on that one.

[Author]

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