[sdrealtor]

PC,
I never said to buy, perhaps that was your interpretation but it wasn’t what I said. I merely said that break even opportunities were close. I have found properties that are down close to 30% already and which I dont think will fall much further. Many on this board said they would buy when it made sense when comparing ownership cost with rental costs. When I posted that was almost possible already, I didn’t hear anyone saying “Wow, that is what I’ve been waiting to hear”. I didn’t expect anyone to say great, lets go out and buy something. The post rattling around in my head has alot to do with this psychology. I hope to get to it soon because I think its worth hearing as well as spending the time to put my thoughts together for my own benefit.

BTW, your post about buying a home shows you dont really understand what a good Realtor is supposed to do for you. Anyone can find a house. They are the big rectangular boxes covered with stucco and red tile that you find on most streets around here. The value of a quality Realtor is finding the right one, at the right price, under the right terms while being adequately protected financially and legally. Furthermore, the one you want is probably the same one we all want. When you are ready to buy it, you might miss it or be faced with lots of competition for it. If you want to trust that to a Desperate Housewife, I’m not here to stop you.

Sorry to rant a little but I’m trying to get my mojo back for this site.

[sdrealtor]

LOL, I have an extremely wealthy retired uncle thats a Greeter for Wal Mart in the Boca Raton area. It gets him out of the house and he enjoys it!

[sdrealtor]

HMMM…..Sounds like you are finally coming about and starting to understand how bad the data really is. I mentioned all this months ago but you werent ready to hear it then. Even Rich fell back on the “well it’s the best we’ve got” excuse. The method in which the data is reported and collected is extremely poor and a constantly moving target. As you peel the layers back further, you begin to understand what I was trying to convey unsuccessfully back in Spring.

The only way to really understand what is going on is to watch it on a daily basis from the ground level. As most people don’t have time for this, thats where the quality Realtors come in. I hear so many people around here saying next time I am going to go with Zip Realty. I know several Zip Realty agents and they tend to be stay at home mom’s looking to pick up some extra bucks w/o risk or working too hard. I wouldn’t hire most of them run a school bake sale. When you are ready to buy, make sure you find yourself a quality Realtor. There are plenty out there.

BTW, I still have this idea rattling around my head thats dieing to get out. I just dont have the time to get it all on paper right now. It came to me as a result of reading Docteur’s Farewell post which I believe is a must read for everyone here. It has some incredible learning. The key is to distance oneself from both the participants (Powayseller and Docteur) and the disagreement (Real Estate). More when I have time…….

[sdrealtor]

25 to 30% off peak

[sdrealtor]

My guess has always been about 30%. I belive the big drops will come rather quickly in the next 12 to 16 months and then it will creep down for a couple more years.

The concert was great, though I was bummed that they didnt play Under the Bridge or Higher Ground. Though i’ve been a fan for a long time events always seemed to conspire against me seeing them live. I was very pleasantly surprised by what great musicians they are as well as being incredibly charismatic performers. My brain is still a little foggy, hopefully I’ll be back at 100% tommorrow. Today I feel old.

[sdrealtor]

Thanks I didnt see it. BTW, I did my job with the babies:)

[sdrealtor]

All costs are before taxes not taking any tax benefits into consideratio, price is below $300K, location is in a relatively upscale area. That’s all I have time for. Off to see the Red Hot Chili Peppers. I’ll have more for you all 2morrow. Look for “Ode to Docteur” post coming soon.

[sdrealtor]

Right or wrong about their arguments, that sounds like a nice way of saying Rich was the one under the steamroller.

[sdrealtor]

My client knows exactly what they are doing. Son is not in college, has a stable job/career he has had for over 6 years, needs a place to live and will get a roomate that will pay $600 to $700/month. It is within 2 miles of where he grew up, his job is and where we wants to live. If he needs to move in a few years, the place would still breakeven for the parents, will generate a tax loss and will be a good long term asset. As rents rise with inflation it should actually kick off some income in the not too distant future. We dont know what will happen and it works for them. The reason why it works is because condos have depreciated first. At the price we hope to get, it would be approx 25 to 30% off the peak.

[sdrealtor]

Did anyone see it? Did Rich steamroll over this guy or get steamrollered himself?

[sdrealtor]

Daniel
Sorry for the confusion, it is not the buyer’s walking away it’s the builders walking away from lots they committed to buy. It probably represents around 250 homes that will not get built as well as any f/u phases.

SDR

[sdrealtor]

Sorry but if it works, I will probably grab one and let a friend take one too.

[sdrealtor]

Its been going on for many many years, long before the housing run of the last few years. Perfectly harmless.

[sdrealtor]

pick one

[sdrealtor]

CJ,
I’m not! I sold out everything that I had in my 401K mutual funds on Friday. I’ll be watching to see when it’s time to buy back in.
Thanx
SDR

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