[socrattt]

[quote=briansd1][quote=pencilneck] Of course, everything is subject to change at the governments whim.
[/quote]

We have conservatives here who like to argue the government f—- everything it touches.

But when it comes to propping up housing prices? Surprise!! Government action works!!![/quote]

I haven’t had a chance to post on here for a while, but every time I pop into an interesting post I see an odd reply from Brian.

Brian you say “Government action works”, how is that possible? We are now in another real estate bubble with houses having multiple offers while shadow inventory levels grow to the highest point in history.

If you are speaking for the banks, then you make somewhat of a valid point in the short term. From a long term perspective I think the banks and the government are making a terrible mistake. Citizens are angrier than they’ve ever been watching banks like BofA borrow tax payer dollars and purchase their stock back at bargain prices (I don’t really call them bargain prices, as the equity markets are just as manipulated).

[socrattt]

[quote=briansd1][quote=pencilneck] Of course, everything is subject to change at the governments whim.
[/quote]

We have conservatives here who like to argue the government f—- everything it touches.

But when it comes to propping up housing prices? Surprise!! Government action works!!![/quote]

I haven’t had a chance to post on here for a while, but every time I pop into an interesting post I see an odd reply from Brian.

Brian you say “Government action works”, how is that possible? We are now in another real estate bubble with houses having multiple offers while shadow inventory levels grow to the highest point in history.

If you are speaking for the banks, then you make somewhat of a valid point in the short term. From a long term perspective I think the banks and the government are making a terrible mistake. Citizens are angrier than they’ve ever been watching banks like BofA borrow tax payer dollars and purchase their stock back at bargain prices (I don’t really call them bargain prices, as the equity markets are just as manipulated).

[socrattt]

[quote=briansd1][quote=pencilneck] Of course, everything is subject to change at the governments whim.
[/quote]

We have conservatives here who like to argue the government f—- everything it touches.

But when it comes to propping up housing prices? Surprise!! Government action works!!![/quote]

I haven’t had a chance to post on here for a while, but every time I pop into an interesting post I see an odd reply from Brian.

Brian you say “Government action works”, how is that possible? We are now in another real estate bubble with houses having multiple offers while shadow inventory levels grow to the highest point in history.

If you are speaking for the banks, then you make somewhat of a valid point in the short term. From a long term perspective I think the banks and the government are making a terrible mistake. Citizens are angrier than they’ve ever been watching banks like BofA borrow tax payer dollars and purchase their stock back at bargain prices (I don’t really call them bargain prices, as the equity markets are just as manipulated).

[socrattt]

[quote=briansd1][quote=pencilneck] Of course, everything is subject to change at the governments whim.
[/quote]

We have conservatives here who like to argue the government f—- everything it touches.

But when it comes to propping up housing prices? Surprise!! Government action works!!![/quote]

I haven’t had a chance to post on here for a while, but every time I pop into an interesting post I see an odd reply from Brian.

Brian you say “Government action works”, how is that possible? We are now in another real estate bubble with houses having multiple offers while shadow inventory levels grow to the highest point in history.

If you are speaking for the banks, then you make somewhat of a valid point in the short term. From a long term perspective I think the banks and the government are making a terrible mistake. Citizens are angrier than they’ve ever been watching banks like BofA borrow tax payer dollars and purchase their stock back at bargain prices (I don’t really call them bargain prices, as the equity markets are just as manipulated).

[socrattt]

[quote=briansd1][quote=pencilneck] Of course, everything is subject to change at the governments whim.
[/quote]

We have conservatives here who like to argue the government f—- everything it touches.

But when it comes to propping up housing prices? Surprise!! Government action works!!![/quote]

I haven’t had a chance to post on here for a while, but every time I pop into an interesting post I see an odd reply from Brian.

Brian you say “Government action works”, how is that possible? We are now in another real estate bubble with houses having multiple offers while shadow inventory levels grow to the highest point in history.

If you are speaking for the banks, then you make somewhat of a valid point in the short term. From a long term perspective I think the banks and the government are making a terrible mistake. Citizens are angrier than they’ve ever been watching banks like BofA borrow tax payer dollars and purchase their stock back at bargain prices (I don’t really call them bargain prices, as the equity markets are just as manipulated).

[socrattt]

[quote=danielwis]

I’m following the San Diego market and the Honolulu market. Both are still to rich for my blood, though this might be the bottom. I don’t know (who does??). I’m staying put, unless things take another leg down. If I were thinking of making a purchase for my primary residence, I would likely jump in now, but that’s not the case.[/quote]

Thanks to all of you for you input. I could definitely borrow half, which was an option, but something I decided against. Part of the money was in a SEP IRA and I was told I could not borrow against.

Sdduuude, I pulled the money out of the retirement umbrella and will be responsible for the taxes. I can stretch the entire amount for a bit of time if there are any short term investments and then pay the taxes.

Daniel, I don’t think we had the type of inventory issues in the 90’s we currently have so I wouldn’t hesitate to say the market has a long way to go. That said, inflation may play a role in this as well. I wish I could slightly predict where things are going, but unfortunately I can’t.

Mercedes to answer your question, I am a real estate investor and work in the alternative energy realm in CA and NV. I am working with some larger European solar companies looking for potential solar plays, so chances are this is where my money will go.

I am not a 9 to 5er, I am entrepreneur and sort bust my tail trying to make things happen. I would define myself as a conservative, all in kind of guy (if that makes sense). I make investment assessments with my own risk factors, if I like what I see I am all in. Sort of like poker :).

I guess if I pulled the cash out with no definitive purpose that could easily be considered a bad move, but I do have some direction and believe I can do well with the cash in this current market.

[socrattt]

[quote=danielwis]

I’m following the San Diego market and the Honolulu market. Both are still to rich for my blood, though this might be the bottom. I don’t know (who does??). I’m staying put, unless things take another leg down. If I were thinking of making a purchase for my primary residence, I would likely jump in now, but that’s not the case.[/quote]

Thanks to all of you for you input. I could definitely borrow half, which was an option, but something I decided against. Part of the money was in a SEP IRA and I was told I could not borrow against.

Sdduuude, I pulled the money out of the retirement umbrella and will be responsible for the taxes. I can stretch the entire amount for a bit of time if there are any short term investments and then pay the taxes.

Daniel, I don’t think we had the type of inventory issues in the 90’s we currently have so I wouldn’t hesitate to say the market has a long way to go. That said, inflation may play a role in this as well. I wish I could slightly predict where things are going, but unfortunately I can’t.

Mercedes to answer your question, I am a real estate investor and work in the alternative energy realm in CA and NV. I am working with some larger European solar companies looking for potential solar plays, so chances are this is where my money will go.

I am not a 9 to 5er, I am entrepreneur and sort bust my tail trying to make things happen. I would define myself as a conservative, all in kind of guy (if that makes sense). I make investment assessments with my own risk factors, if I like what I see I am all in. Sort of like poker :).

I guess if I pulled the cash out with no definitive purpose that could easily be considered a bad move, but I do have some direction and believe I can do well with the cash in this current market.

[socrattt]

[quote=danielwis]

I’m following the San Diego market and the Honolulu market. Both are still to rich for my blood, though this might be the bottom. I don’t know (who does??). I’m staying put, unless things take another leg down. If I were thinking of making a purchase for my primary residence, I would likely jump in now, but that’s not the case.[/quote]

Thanks to all of you for you input. I could definitely borrow half, which was an option, but something I decided against. Part of the money was in a SEP IRA and I was told I could not borrow against.

Sdduuude, I pulled the money out of the retirement umbrella and will be responsible for the taxes. I can stretch the entire amount for a bit of time if there are any short term investments and then pay the taxes.

Daniel, I don’t think we had the type of inventory issues in the 90’s we currently have so I wouldn’t hesitate to say the market has a long way to go. That said, inflation may play a role in this as well. I wish I could slightly predict where things are going, but unfortunately I can’t.

Mercedes to answer your question, I am a real estate investor and work in the alternative energy realm in CA and NV. I am working with some larger European solar companies looking for potential solar plays, so chances are this is where my money will go.

I am not a 9 to 5er, I am entrepreneur and sort bust my tail trying to make things happen. I would define myself as a conservative, all in kind of guy (if that makes sense). I make investment assessments with my own risk factors, if I like what I see I am all in. Sort of like poker :).

I guess if I pulled the cash out with no definitive purpose that could easily be considered a bad move, but I do have some direction and believe I can do well with the cash in this current market.

[socrattt]

[quote=danielwis]

I’m following the San Diego market and the Honolulu market. Both are still to rich for my blood, though this might be the bottom. I don’t know (who does??). I’m staying put, unless things take another leg down. If I were thinking of making a purchase for my primary residence, I would likely jump in now, but that’s not the case.[/quote]

Thanks to all of you for you input. I could definitely borrow half, which was an option, but something I decided against. Part of the money was in a SEP IRA and I was told I could not borrow against.

Sdduuude, I pulled the money out of the retirement umbrella and will be responsible for the taxes. I can stretch the entire amount for a bit of time if there are any short term investments and then pay the taxes.

Daniel, I don’t think we had the type of inventory issues in the 90’s we currently have so I wouldn’t hesitate to say the market has a long way to go. That said, inflation may play a role in this as well. I wish I could slightly predict where things are going, but unfortunately I can’t.

Mercedes to answer your question, I am a real estate investor and work in the alternative energy realm in CA and NV. I am working with some larger European solar companies looking for potential solar plays, so chances are this is where my money will go.

I am not a 9 to 5er, I am entrepreneur and sort bust my tail trying to make things happen. I would define myself as a conservative, all in kind of guy (if that makes sense). I make investment assessments with my own risk factors, if I like what I see I am all in. Sort of like poker :).

I guess if I pulled the cash out with no definitive purpose that could easily be considered a bad move, but I do have some direction and believe I can do well with the cash in this current market.

[socrattt]

[quote=danielwis]

I’m following the San Diego market and the Honolulu market. Both are still to rich for my blood, though this might be the bottom. I don’t know (who does??). I’m staying put, unless things take another leg down. If I were thinking of making a purchase for my primary residence, I would likely jump in now, but that’s not the case.[/quote]

Thanks to all of you for you input. I could definitely borrow half, which was an option, but something I decided against. Part of the money was in a SEP IRA and I was told I could not borrow against.

Sdduuude, I pulled the money out of the retirement umbrella and will be responsible for the taxes. I can stretch the entire amount for a bit of time if there are any short term investments and then pay the taxes.

Daniel, I don’t think we had the type of inventory issues in the 90’s we currently have so I wouldn’t hesitate to say the market has a long way to go. That said, inflation may play a role in this as well. I wish I could slightly predict where things are going, but unfortunately I can’t.

Mercedes to answer your question, I am a real estate investor and work in the alternative energy realm in CA and NV. I am working with some larger European solar companies looking for potential solar plays, so chances are this is where my money will go.

I am not a 9 to 5er, I am entrepreneur and sort bust my tail trying to make things happen. I would define myself as a conservative, all in kind of guy (if that makes sense). I make investment assessments with my own risk factors, if I like what I see I am all in. Sort of like poker :).

I guess if I pulled the cash out with no definitive purpose that could easily be considered a bad move, but I do have some direction and believe I can do well with the cash in this current market.

[socrattt]

[quote=mercedes7][quote=sdrealtor]The only thought I had was $1995 for an sfr rental in OB with an ocean view from every room? Can you let me when your leaving….[/quote]

LOL, of course I will. Trust me the view is the only thing really nice about the house. It is liveable but looks it’s age of 50-60 years both inside and out. But I am not complaining – love my landlords, love my neighbors, and love the location.[/quote]

Take $3K, make it your own and sign a 2+ year lease. I’ve done that to two different rentals in the past (of course at the owner’s discretion). You can probably paint the entire house for that amount and do a bit more. For $1,995 in this market you can get a killer home in El Centro, but the views are of generally of vacant homes instead of the ocean.

As mentioned in earlier posts by some smart folk, buying isn’t all that fun. I’ve done it a few times and I still own homes, just not in San Diego. I told myself I wouldn’t buy until the prices declined a whole lot more. Now thanks to manipulated interest rates and an excellent job of controlling supply and demand it probably won’t happen for another year or so.

As hard it this may sound, wait it out! Free markets will eventually reign over the manipulation. You may have to pay a higher interest rate, but I would rather pay more money into a home that is building equity than less into a home that is losing equity, but that’s me. Good luck!

[socrattt]

[quote=mercedes7][quote=sdrealtor]The only thought I had was $1995 for an sfr rental in OB with an ocean view from every room? Can you let me when your leaving….[/quote]

LOL, of course I will. Trust me the view is the only thing really nice about the house. It is liveable but looks it’s age of 50-60 years both inside and out. But I am not complaining – love my landlords, love my neighbors, and love the location.[/quote]

Take $3K, make it your own and sign a 2+ year lease. I’ve done that to two different rentals in the past (of course at the owner’s discretion). You can probably paint the entire house for that amount and do a bit more. For $1,995 in this market you can get a killer home in El Centro, but the views are of generally of vacant homes instead of the ocean.

As mentioned in earlier posts by some smart folk, buying isn’t all that fun. I’ve done it a few times and I still own homes, just not in San Diego. I told myself I wouldn’t buy until the prices declined a whole lot more. Now thanks to manipulated interest rates and an excellent job of controlling supply and demand it probably won’t happen for another year or so.

As hard it this may sound, wait it out! Free markets will eventually reign over the manipulation. You may have to pay a higher interest rate, but I would rather pay more money into a home that is building equity than less into a home that is losing equity, but that’s me. Good luck!

[socrattt]

[quote=mercedes7][quote=sdrealtor]The only thought I had was $1995 for an sfr rental in OB with an ocean view from every room? Can you let me when your leaving….[/quote]

LOL, of course I will. Trust me the view is the only thing really nice about the house. It is liveable but looks it’s age of 50-60 years both inside and out. But I am not complaining – love my landlords, love my neighbors, and love the location.[/quote]

Take $3K, make it your own and sign a 2+ year lease. I’ve done that to two different rentals in the past (of course at the owner’s discretion). You can probably paint the entire house for that amount and do a bit more. For $1,995 in this market you can get a killer home in El Centro, but the views are of generally of vacant homes instead of the ocean.

As mentioned in earlier posts by some smart folk, buying isn’t all that fun. I’ve done it a few times and I still own homes, just not in San Diego. I told myself I wouldn’t buy until the prices declined a whole lot more. Now thanks to manipulated interest rates and an excellent job of controlling supply and demand it probably won’t happen for another year or so.

As hard it this may sound, wait it out! Free markets will eventually reign over the manipulation. You may have to pay a higher interest rate, but I would rather pay more money into a home that is building equity than less into a home that is losing equity, but that’s me. Good luck!

[socrattt]

[quote=mercedes7][quote=sdrealtor]The only thought I had was $1995 for an sfr rental in OB with an ocean view from every room? Can you let me when your leaving….[/quote]

LOL, of course I will. Trust me the view is the only thing really nice about the house. It is liveable but looks it’s age of 50-60 years both inside and out. But I am not complaining – love my landlords, love my neighbors, and love the location.[/quote]

Take $3K, make it your own and sign a 2+ year lease. I’ve done that to two different rentals in the past (of course at the owner’s discretion). You can probably paint the entire house for that amount and do a bit more. For $1,995 in this market you can get a killer home in El Centro, but the views are of generally of vacant homes instead of the ocean.

As mentioned in earlier posts by some smart folk, buying isn’t all that fun. I’ve done it a few times and I still own homes, just not in San Diego. I told myself I wouldn’t buy until the prices declined a whole lot more. Now thanks to manipulated interest rates and an excellent job of controlling supply and demand it probably won’t happen for another year or so.

As hard it this may sound, wait it out! Free markets will eventually reign over the manipulation. You may have to pay a higher interest rate, but I would rather pay more money into a home that is building equity than less into a home that is losing equity, but that’s me. Good luck!

[socrattt]

[quote=mercedes7][quote=sdrealtor]The only thought I had was $1995 for an sfr rental in OB with an ocean view from every room? Can you let me when your leaving….[/quote]

LOL, of course I will. Trust me the view is the only thing really nice about the house. It is liveable but looks it’s age of 50-60 years both inside and out. But I am not complaining – love my landlords, love my neighbors, and love the location.[/quote]

Take $3K, make it your own and sign a 2+ year lease. I’ve done that to two different rentals in the past (of course at the owner’s discretion). You can probably paint the entire house for that amount and do a bit more. For $1,995 in this market you can get a killer home in El Centro, but the views are of generally of vacant homes instead of the ocean.

As mentioned in earlier posts by some smart folk, buying isn’t all that fun. I’ve done it a few times and I still own homes, just not in San Diego. I told myself I wouldn’t buy until the prices declined a whole lot more. Now thanks to manipulated interest rates and an excellent job of controlling supply and demand it probably won’t happen for another year or so.

As hard it this may sound, wait it out! Free markets will eventually reign over the manipulation. You may have to pay a higher interest rate, but I would rather pay more money into a home that is building equity than less into a home that is losing equity, but that’s me. Good luck!

[Author]

Posts