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sunny88
ParticipantWell, given today’s run-up it’s probably time to buy SRS at the current levels around $50. I also like SKF at below $92 for a trade. All these short ETF’s are only good for short-term trades and should not be held for too long.
ParticipantWell, given today’s run-up it’s probably time to buy SRS at the current levels around $50. I also like SKF at below $92 for a trade. All these short ETF’s are only good for short-term trades and should not be held for too long.
Participant[quote=ctr70]I guess if you have kids places like Scripps Ranch, Poway make sense. But I would absolutely HATE it there. Total cookie cutter suburbia personafied. Absolutely no character at all. In San Diego suburbia it’s like they cut & pasted the same stip center from Eastlake to Carmel Valley to all of those new areas. Yuck!!! But people love that crap in places like SoCal, Phoenix, Riverside, Dallas…cookie cutter houses and cookie cutter people.
What can’t we have this awesome mediterannean climate, yet neighborhoods with character, walkability, quaint downtowns??… like Portland, SF, Seattle, Boston, etc??? Why does SoCal and the Sunbelt states (Arizona, Texas, Nevada, Florida) have to be this gigantic sea of stucco colored cookie cutter, nowhereland, no character, McMansion suburbia? YUCK!
Mission Hills is much cooler than Scripps or Poway. I would take a craftsman in Morley Field over Scripps anyday. But yes you would have to send the kids to private schools.[/quote]
It all comes down to safety and affordability. Many people prefer to own a “cool” home but how practical and affordable is it? Most builders offer only a few models in a new development to keep cost down. If you prefer an exclusive design you have to find your own architect and builder. Most families are not able or willing to do that.
Participant[quote=ctr70]I guess if you have kids places like Scripps Ranch, Poway make sense. But I would absolutely HATE it there. Total cookie cutter suburbia personafied. Absolutely no character at all. In San Diego suburbia it’s like they cut & pasted the same stip center from Eastlake to Carmel Valley to all of those new areas. Yuck!!! But people love that crap in places like SoCal, Phoenix, Riverside, Dallas…cookie cutter houses and cookie cutter people.
What can’t we have this awesome mediterannean climate, yet neighborhoods with character, walkability, quaint downtowns??… like Portland, SF, Seattle, Boston, etc??? Why does SoCal and the Sunbelt states (Arizona, Texas, Nevada, Florida) have to be this gigantic sea of stucco colored cookie cutter, nowhereland, no character, McMansion suburbia? YUCK!
Mission Hills is much cooler than Scripps or Poway. I would take a craftsman in Morley Field over Scripps anyday. But yes you would have to send the kids to private schools.[/quote]
It all comes down to safety and affordability. Many people prefer to own a “cool” home but how practical and affordable is it? Most builders offer only a few models in a new development to keep cost down. If you prefer an exclusive design you have to find your own architect and builder. Most families are not able or willing to do that.
Participant[quote=ctr70]I guess if you have kids places like Scripps Ranch, Poway make sense. But I would absolutely HATE it there. Total cookie cutter suburbia personafied. Absolutely no character at all. In San Diego suburbia it’s like they cut & pasted the same stip center from Eastlake to Carmel Valley to all of those new areas. Yuck!!! But people love that crap in places like SoCal, Phoenix, Riverside, Dallas…cookie cutter houses and cookie cutter people.
What can’t we have this awesome mediterannean climate, yet neighborhoods with character, walkability, quaint downtowns??… like Portland, SF, Seattle, Boston, etc??? Why does SoCal and the Sunbelt states (Arizona, Texas, Nevada, Florida) have to be this gigantic sea of stucco colored cookie cutter, nowhereland, no character, McMansion suburbia? YUCK!
Mission Hills is much cooler than Scripps or Poway. I would take a craftsman in Morley Field over Scripps anyday. But yes you would have to send the kids to private schools.[/quote]
It all comes down to safety and affordability. Many people prefer to own a “cool” home but how practical and affordable is it? Most builders offer only a few models in a new development to keep cost down. If you prefer an exclusive design you have to find your own architect and builder. Most families are not able or willing to do that.
Participant[quote=ctr70]I guess if you have kids places like Scripps Ranch, Poway make sense. But I would absolutely HATE it there. Total cookie cutter suburbia personafied. Absolutely no character at all. In San Diego suburbia it’s like they cut & pasted the same stip center from Eastlake to Carmel Valley to all of those new areas. Yuck!!! But people love that crap in places like SoCal, Phoenix, Riverside, Dallas…cookie cutter houses and cookie cutter people.
What can’t we have this awesome mediterannean climate, yet neighborhoods with character, walkability, quaint downtowns??… like Portland, SF, Seattle, Boston, etc??? Why does SoCal and the Sunbelt states (Arizona, Texas, Nevada, Florida) have to be this gigantic sea of stucco colored cookie cutter, nowhereland, no character, McMansion suburbia? YUCK!
Mission Hills is much cooler than Scripps or Poway. I would take a craftsman in Morley Field over Scripps anyday. But yes you would have to send the kids to private schools.[/quote]
It all comes down to safety and affordability. Many people prefer to own a “cool” home but how practical and affordable is it? Most builders offer only a few models in a new development to keep cost down. If you prefer an exclusive design you have to find your own architect and builder. Most families are not able or willing to do that.
Participant[quote=ctr70]I guess if you have kids places like Scripps Ranch, Poway make sense. But I would absolutely HATE it there. Total cookie cutter suburbia personafied. Absolutely no character at all. In San Diego suburbia it’s like they cut & pasted the same stip center from Eastlake to Carmel Valley to all of those new areas. Yuck!!! But people love that crap in places like SoCal, Phoenix, Riverside, Dallas…cookie cutter houses and cookie cutter people.
What can’t we have this awesome mediterannean climate, yet neighborhoods with character, walkability, quaint downtowns??… like Portland, SF, Seattle, Boston, etc??? Why does SoCal and the Sunbelt states (Arizona, Texas, Nevada, Florida) have to be this gigantic sea of stucco colored cookie cutter, nowhereland, no character, McMansion suburbia? YUCK!
Mission Hills is much cooler than Scripps or Poway. I would take a craftsman in Morley Field over Scripps anyday. But yes you would have to send the kids to private schools.[/quote]
It all comes down to safety and affordability. Many people prefer to own a “cool” home but how practical and affordable is it? Most builders offer only a few models in a new development to keep cost down. If you prefer an exclusive design you have to find your own architect and builder. Most families are not able or willing to do that.
Participant[quote=SD Realtor]Not sure if you read my post Sunny. The home is scheduled for a trustee sale at the end of March. I am reasonably certain that yes you can purchase this home at trustee sale for that amount unless there are multiple bidders which in this case may happen.
An enterprising individual would find a way to get it done. Perhaps go to a hard money lender then buy it, then finance it after the purchase is done. Personally I have already done a drive by of the home. The backyard is to small for me but for others this may present a good opportunity. What I think will happen is that it will be postponed because the seller will try to mod the loan. That is just a guess but I believe it will run that route.
To get the best deals people should investigate every avenue and all possibilities. [/quote]
Sorry, I missed your post and it makes more sense to me now with the low price.
Participant[quote=SD Realtor]Not sure if you read my post Sunny. The home is scheduled for a trustee sale at the end of March. I am reasonably certain that yes you can purchase this home at trustee sale for that amount unless there are multiple bidders which in this case may happen.
An enterprising individual would find a way to get it done. Perhaps go to a hard money lender then buy it, then finance it after the purchase is done. Personally I have already done a drive by of the home. The backyard is to small for me but for others this may present a good opportunity. What I think will happen is that it will be postponed because the seller will try to mod the loan. That is just a guess but I believe it will run that route.
To get the best deals people should investigate every avenue and all possibilities. [/quote]
Sorry, I missed your post and it makes more sense to me now with the low price.
Participant[quote=SD Realtor]Not sure if you read my post Sunny. The home is scheduled for a trustee sale at the end of March. I am reasonably certain that yes you can purchase this home at trustee sale for that amount unless there are multiple bidders which in this case may happen.
An enterprising individual would find a way to get it done. Perhaps go to a hard money lender then buy it, then finance it after the purchase is done. Personally I have already done a drive by of the home. The backyard is to small for me but for others this may present a good opportunity. What I think will happen is that it will be postponed because the seller will try to mod the loan. That is just a guess but I believe it will run that route.
To get the best deals people should investigate every avenue and all possibilities. [/quote]
Sorry, I missed your post and it makes more sense to me now with the low price.
Participant[quote=SD Realtor]Not sure if you read my post Sunny. The home is scheduled for a trustee sale at the end of March. I am reasonably certain that yes you can purchase this home at trustee sale for that amount unless there are multiple bidders which in this case may happen.
An enterprising individual would find a way to get it done. Perhaps go to a hard money lender then buy it, then finance it after the purchase is done. Personally I have already done a drive by of the home. The backyard is to small for me but for others this may present a good opportunity. What I think will happen is that it will be postponed because the seller will try to mod the loan. That is just a guess but I believe it will run that route.
To get the best deals people should investigate every avenue and all possibilities. [/quote]
Sorry, I missed your post and it makes more sense to me now with the low price.
Participant[quote=SD Realtor]Not sure if you read my post Sunny. The home is scheduled for a trustee sale at the end of March. I am reasonably certain that yes you can purchase this home at trustee sale for that amount unless there are multiple bidders which in this case may happen.
An enterprising individual would find a way to get it done. Perhaps go to a hard money lender then buy it, then finance it after the purchase is done. Personally I have already done a drive by of the home. The backyard is to small for me but for others this may present a good opportunity. What I think will happen is that it will be postponed because the seller will try to mod the loan. That is just a guess but I believe it will run that route.
To get the best deals people should investigate every avenue and all possibilities. [/quote]
Sorry, I missed your post and it makes more sense to me now with the low price.
Participant[quote=SD Realtor]Yes short sales are a test of your patience. ESPECIALLY right now. Look right now we are in a rally mode. The stock market is rallying, and the housing market is more active then at anytime in the past 3 years. In my judgement we are not near a bottom in either of those entities however trying to tread water against those currents is something that I do not recommend. You also have sellers who are still very very short sighted.
As far as the short sale goes you need to just fire and forget. You make the offer on the short sale, you hope for the best, but you should not invest in it emotionally because more often then not you get a negative result. Will you get a better deal? Sometimes yes and sometimes no.
You have to ask yourself, “What am I looking for?” If you are just looking for a good deal, then eventually you will find it. The law of averages will catch up right? Submit 20 offers and one out of those 20 should come through if you are competitive with the rest of the market. The main problem is that now you are seeing other buyers pay what do not, or will not pay. So don’t fight it, just sit out and let time pass. If you are looking for a home that you really love, then maybe approach it differently and be prepared, (in this current market) to pay more.
The problem with buying a house because it is a “a bargain” is that it is only a bargain at that point in time. It will not be a bargain in the future if the market continues to go down. It doesn’t matter if it is a short sale or not.
Try not to get burned out… taking a break from it all never hurts either.
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Your advice is very well taken. Our agent told us that the property is really worth more than the current asking price (which we doubt) and asked us to raise our offer. We decided to take a break and look elsewhere and change the agent…
Participant[quote=SD Realtor]Yes short sales are a test of your patience. ESPECIALLY right now. Look right now we are in a rally mode. The stock market is rallying, and the housing market is more active then at anytime in the past 3 years. In my judgement we are not near a bottom in either of those entities however trying to tread water against those currents is something that I do not recommend. You also have sellers who are still very very short sighted.
As far as the short sale goes you need to just fire and forget. You make the offer on the short sale, you hope for the best, but you should not invest in it emotionally because more often then not you get a negative result. Will you get a better deal? Sometimes yes and sometimes no.
You have to ask yourself, “What am I looking for?” If you are just looking for a good deal, then eventually you will find it. The law of averages will catch up right? Submit 20 offers and one out of those 20 should come through if you are competitive with the rest of the market. The main problem is that now you are seeing other buyers pay what do not, or will not pay. So don’t fight it, just sit out and let time pass. If you are looking for a home that you really love, then maybe approach it differently and be prepared, (in this current market) to pay more.
The problem with buying a house because it is a “a bargain” is that it is only a bargain at that point in time. It will not be a bargain in the future if the market continues to go down. It doesn’t matter if it is a short sale or not.
Try not to get burned out… taking a break from it all never hurts either.
[/quote]
Your advice is very well taken. Our agent told us that the property is really worth more than the current asking price (which we doubt) and asked us to raise our offer. We decided to take a break and look elsewhere and change the agent…
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