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sdrealtor
ParticipantSure but that really means represent the seller for 3% and I’ll represent myself. Please feel free to take my pants down and bend me over.
ParticipantWouldn’t it be more accurate to say he hasn’t done a thing with it.
ParticipantJoe Walsh lives in Olivenhain. It seems like I bump into to him out and about in Encinitas about twice a year.
ParticipantA case of the media sensationizing what is pretty much a non-event. Any decent Realtor can walk down the street to another office and move their business for the cost of new business cards. We are all independent contractors and the business is me not the company’s name that is displayed on the front of the building.
ParticipantRaleigh Durham is not So Carolina. Sure there are lots of blacks there but life is pretty socially segregated on a daily basis. You pretty much have the Christian White majority (at least economically and politically) and the poor Black minority living very different and separate lifestyles. Anyone else is outsider.
One of my very good friends lives in that neck of the woods.
ParticipantCB
I think his point was not so harsh. The town I grew up in on the East Coast was a wonderful place to be as long as you grew up there and were part of it all from the beginning. I can’t imagine moving there as an adult or teenager and enjoying it. One of the things that I love about SD is that it is a very easy place to move to and settle in nicely after 2 to 3 years. Back East I just dont think that is as easy, as everyone already knows each other and really aren’t interested in newcomers to the same degree as here.SDR
ParticipantMake sure that BMW comes with a Rebel Flag in the back window. SC is the Real Deep South. If you have any ethnicity you might not like what you find there.
ParticipantAN
Funny question. I believe there was a central freeway proposed so time ago and an influential lobby (RSF) defeated it and got it buried.
SDRParticipantTime to pull off the rose colored galsses and realize a few things:
1. most people in these properties couldn’t afford to buy their own homes again at today’s price levels, that says a lot about the situation we’re in.
I know this is an extreme example but here goes anyway: I have a client that purchased his Carlsbad oceanfront estate in the mid-1970’s for $70,000. It’s probably worth about $5M today. He couldn’t buy his house today nor could 99.99% of the US population
2. Without the use of exotic lending there are virtually no first time buyers in the market at today’s prices. Exotic lending is rapidly dying.
First time buyers today are young couples that tend to marry much later than a decade ago and frequently have 6 figure incomes. Sure prices are high but IMHO nowhere near double of where they should be. Also some first time buyers in this area are not 1st time buyers, they come from other areas of the country where they are are moving down in size but not price. There are also move down buyers purchasing entry level homes.
3. Upgrade buyers are wiped out because of #2. If they can’t sell their own home, they cannot move up…it’s a chain reaction.
See above.
4. Loss of Real Estate jobs (30% of OC jobs), increasing interest rates, ARMs resetting with foreclosures starting to skyrocket, tighteing of lending standards (#2), more job loss due to recession caused by sharp contraction in spending (no more HELOC money)…how is all this going to bode for the future of home prices?
That’s a good question and something no one has a handle on. Just like my golf swing: Anything can happen and it probably will.
I’m not necessarily disagreeing with what you are saying but rather pointing out that there are counters to each of your points. It will be interesting to see how it all plays out and nothing would surprise at this point in either direction.
ParticipantJJ
You are correct
SDRParticipantPer the tax records it hasnt closed yet. I will see what I can find out through my network.
ParticipantB_OCRE,
I know several people in your position and they are for the most part very successful and very happy. The poor unfortunate engineers resent the high pay earned by sales people as do many execs. But there are two simple truths. One, you do what they can’t do or are unwilling to do. Two, unless somebody sells the things that other people build, the other people dont have jobs building things that no one buys. My guess is that most people as motivated as yourself and earning at your level are too busy earning money and enjoying life to spend hours hanging around here.There are ALWAYS great high paying jobs for top notch sales people!
Rock On!
ParticipantKnowing what I’ve learned in over 20 years including earning a couple Master degrees and working everywhere from corporate America to tech/healthcare start-ups to RE and most recently entrepreneurial endeavors I would find your true passion and take a shot at an entrepreneurial business. I have never felt more secure, happier or more fulfilled. (Disclaimer: RE while fitting into part of this is not my sole source of income). I cant imagine ever working for someone again waiting for my job to right-sized. There is so much opportunity in this world and the biggest rewards go to the entrepreneurs not the technical professionals. If your wife is about finish school and will do well in her position it should help give you the confidence to go for it. (Disclaimer2: Buying a franchise is not entreprenurial its buying a job not a true business.)
ParticipantYes
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