[sdrealtor]

Agreed but this thread was about mid-30’s couples buying a house in a non-bubble atmosphere which most people shouldnt do until they are well settled in a career and a community they want to live in for at least 10 years. Most homebuyers are 30 or older around here.

[sdrealtor]

I dont think 10% is unrealistic if you stay 100% invested in the stock market for 30 years. What I think is unrealistic is staying 100% invested in the stock market for 30 years. Most people will start diversifying toward more stable investments once they reach their mid-50’s.

[sdrealtor]

There are lots of other terms that could be added but we would pick up lots of duplicates. The foreclosure properties are easy to find many other places. Short sales cant be found in any one place because they are pre pre-foreclosure properties in many cases. I chose this number to give us something to watch consistently. Watching the count is not so relevant as watching the velocity of change.

[sdrealtor]

181 and counting. Thats an increase of 10% in just over a week. BTW, total SD County listings for attached and detached properties are down to 18,853 which is a drop of about 20% from peak inventory (approx 23,500).

[sdrealtor]

Just checked the history in the MLS and its pretty ugly over there. Complex peaked at $350,000 in late Summer of 2004 and has been gradually falling. Early Spring condo conversion up the road began selling similar units around $300K. Last closed sale is $280,000 and there are a couple short sales and an REO that should sell around $250,000. On top of that there are confidential remarks about HOA litigation.

All things equal, at $220,000 under the above scenario, with a monthly tax write off of $1300 (assume 15% tax bracket) it would be comparable to renting. Of course, you would be competing for tenants with all the nicely refurbished rentals up the street that couldnt be sold as condo conversions.

[sdrealtor]

Shoot for early to mid February. The best time to sell is typically between 2/15 and 4/1. Once you hit 4/1 people are focussed on the 15th. After that, all the people with kids thinking like you will be flooding the market and it will be too late.

Just my humble opinion but I’ve made alot of clients very happy by staying a bit ahead of the herd.

[sdrealtor]

5 year returns in a bull market does not a 30 year return make!

[sdrealtor]

The house is on over 1/2 acre in Olivenhain a stones throw from RSF. It has tons of character, beautiful grounds, nice views etc. You will grow old waiting for houses like that to sell anywhere near $500K.

[sdrealtor]

duplicate

[sdrealtor]

Check out MLS# 061040555. I’d say that house is cute, cozy and charming.

[sdrealtor]

How about that ocean view;)

[sdrealtor]

It was just listed 1 day ago. give him a day to finish the Photoshop work on the pictures to make the house look habitable.

[sdrealtor]

While simple is good its not accurate. More likely B pays 7% and the actual savings is 470/month which invested with a 5% average return is $390K or 7% avg return is $570K. Of course B also enjoys paying approx $1000 per year in taxes.

[sdrealtor]

Two problems, where do you get a 29 yr loan and will you still be able to get a 6.5% fixed rate loan in a year?

[sdrealtor]

YG,
If you really want to do it, don’t be disuaded. When I was getting my RE license I spoke with several agents in my community. Most tried to discourage me saying it was a bad time, a really tough business, etc. etc. I wondered whether I had stupid tatooed on my forehead. My advice, if you want to do something stick with it.

SDR

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