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Are people that lazy to go downstairs to do laundry?

By chance we are now in 2-story SFH with laundry room on 2nd floor, five steps from our master bedroom.

Yes, my wife and I agree this is great!

In the evening, we can relax and watch TV in the MB, and fold/iron clothes at the same time. Very convenient.

The “leak” risk is easily solved by setting the washing inside a metal waterproof “tray” that has sides about 3″ tall.

Tip: always remember to put a smoke detector in your laundry room, something I did last week. Dryers are of course most frequent starting point of fires.

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Hypothetically, if you gave someone a lowball offer at 2001 price level and they accepted … would you go ahead and buy??

Assuming that Poway home is in good part of Poway, YES my wife and i would buy it at 350k.

I have no idea how low it will go, but my instinct is that a house like that will never fall below 350k.

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The time to buy is after the sellers have all been thoroughly brutalized by the collapse.

Words of wisdom!

I totally agree with this post. Sit back and wait for things to “ripen”
I don’t see any blood in the streets yet. Eventually, it will be knee-deep, then it will be time for bargain-hunters like us to go house shopping.

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There has been tremendous income growth in these areas due to the meth lab employment sector.

just wanted to say i appreciated this fine humor! very witty

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to me this means some builders are finally admitting how futile it is to swim against the tide of declining house prices. they are realizing they must sell now; otherwise, they will be stuck with this inventory for years…besides they must be under incredible pressure to reduce the spilled red ink on their balance sheets and avoid another quarter of losses

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http://www.nctimes.com/articles/2007/09/04/news/californian/4_04_219_3_07.txt

Another related article.

Love this Elias Ochoa, who ran the Corona branch of a mortgage brokerage until earlier June. What a fraudster, flipping houses from one client to another. This guy should be thrown in jail.

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Classic.

Again this reminds me of my wife and I visiting relatives living up in that area. Actually, it was a cousin’s girlfriend who lived there.

Oh my God, the high desert area is such a wasteland.

scorching hot, flies buzzing by the thousands, blowing sand grinding the paint off your cars, and talk about white trash, those towns are magnets for white trash junk collectors who fill their big lots with tons of eyesore junk.

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Recently I’ve visited many new building sites, and there are two floor plan features that drive me nuts

we are renting, and your post perfectly described our flawed master bedroom. Yes it is a problem, and no we didn’t think about it before moving in.

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First, I’m glad you posted this data. I did the same for our old complex, but it was a smaller complex so less data points.

My question; how do you know the “peak” was sept 2005?

I suggest you run your data back to at least mid-2004. The peak pricing on our Rancho Bernardo condo was mid-2004. The condos peaked much earlier than the SFH’s. I think your data range may not extend far back enough in time to catch the peak.

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I gotta make this comment. Why are there so many on piggington.com saavy enough to see the crash in real estate prices, yet they don’t see how stock markets will obviously be negatively affected by the real estate bubble imploding? I don’t understand why so many on here are holding long positions in stock markets.

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Pizza. There is one exception to San Diego’s mundane pizza places.

A good friend whispered the name of this place in my ear after I lived in San Diego a year:

Lefty’s Chicago Pizzeria
http://www.leftyspizza.com/index.html

I lived in Chicago for 8 years, so trust me that this pizza is FANTASTIC authentic deep-dish Chicago Pizza, and they have other Chicago specialty sandwiches.

I now live in Bay Area and that is one restaurant in San Diego I miss dearly. Ooooh, it is damn good.

The pies are about $25 a pop. You don’t get quality cheap.

And one more thing. Anyone who complains San Diego is worthless is clueless.

In my career with several multinational corp’s I relocated through my share of “glam” cities. San Diego is simply the finest city in America. I really really miss San Diego.

Oh, I forget an important qualifier.

San Diego is a city where you need at least low six-figures income to enjoy many of the blessings the city offers, and even more $$$ if a wife and kids are in the picture. I never would have accepted that first job in San Diego had it been sub six figure salary.

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OK, I’ll play.

I woke this morning asking myself: “Am I certain a recession is imminent, which will pull stock markets down 20% or even 30% in the next year?”

My answer: “Yes, I’m certain.”

So this morning I went from all cash to nearly all in, buying SDS the 2X S&P 500 inverse fund.

So

95% aggressively bearish in SDS, the 2X S&P 500 inverse fund.

The markets may climb up 5% in the next week or fall, but I’ll keep that money bet on the down side of this market for the next six months at least.

This is an insanely risky portfolio allocation. In my defense, I made assumptions and previously guessed the market would correct last July, and it did drop 10%, and the markets have gone incredibly unstable. I made money then and it reinforced my confidence my overall market analysis and predictions are correct. Roubini was on the right track; however, he was early 6 to 12 months on his predictions. The recession is just starting now. (Roubini had predicted the recession starting in 1st Qtr 2007.)

In the last several weeks I had gone to cash (from aggressively bearish positions) just on nervousness about the markets. Today I concluded that keeping that money out of this market will only lead to me missing (making money on) the 20% correction coming for western stock markets.

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wantobuy– are you sure you’re comparing apples to apples? You can rent a house in RB for $2200 a month.

I agree and I’ll go you one better. We rented a 3BR 2BTH 1300 sq ft condo in a nice area of RB for $1550/month. That place had room for a family with a kid, and lets yah save even more money to buy a house five years from now, at bargain prices.

Yes the rents have moved up, but you can still rent that kind of condo for about $1700, if you shop around.

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Fortunately, we all know that EVERY single thing the Bushes’ have set out to accomplish on behalf of “hard-working Americans” has delivered the complete opposite result. Or, put another way, it has all backfired.

Yes, those are words of wisdom.

I have one other comment which may or may not apply to you, but it certainly applies to most Americans who complain about Bush.

When Bush and his cronies were drumming up support for their oil war on Iraq, I realized they were evil and were taking advantage of an APATHETIC America. I saw I was apathetic also, too fat and complacent to protest Bush in any meaningful way.

I decided to get off my ass and protest in any way possible. I wrote my senators and representatives. I personally flew to Washington several times to join the moveon.org marches BEFORE the war on Iraq. I stood before the White House and gave that asshole the middle finger. I was interviewed by the Washington Post and my comment that he should be impeached was included in a front page article.

I’m a typical yuppie who isn’t very politically active, but this was an exception. George Bush himself IS the most dangerous terrorist in the world.

Now, my actions didn’t change policy, but they could have if enough of us had done the same thing. Nothing will change if we are all complacent and apathetic about our government walking all over us. If enough of us stand up and say, “F__K you. We’re not going to take it any more!” and say ten million of us go march on the White House, then things will change.

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“Folks, wife pressure is high.”

Yadda, yadda, yadda

Get some balls.

Now, I’m a typical husband, meaning 90% of time I follow her wishes (commands?).

Not on housing, at least not in a market like this.

Staying long housing (in this market) would lose too much of any family’s nest egg. My wife whined and whined about not wanting to sell our condo. She threw tantrums. My best friend who is an investment banker, got the same from his wife.

We told both our wives, “NO. You’re going to follow my direction on this one, because otherwise we going to lose hundreds of thousands in this housing market. That’s final decision.”

My wife understood she was either going to follow me on the housing decision OR I was moving into a hotel to let her sleep alone until she comes around. I’m serious.

She followed my advice. We sold the house. We saved a hundred grand (and more). She now respects me even more. She has bragged to her parents and friends, “My husband is really smart. We sold our house before the market crashed.”

My investment banker friend had the same experience.

Women like to run the house, and have their husband’s follow 95% of time.

Women also like their men on rare occasion in urgent situations to stand up, take charge and direct the family exactly what they are going to do to avoid a catastrophe. No discussion. The husband’s responsibility is to objectively understand those few situations where he has the experience and wisdom to spot the impending danger/catastrophe and help the family avoid it. All other times he generally keeps his mouth shut and listens to his wife.

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