[svelte]

[quote=AN][quote=svelte]Rent here in San Marcos is $1700/mo for a two bedroom 1000 sf apartment, plus or minus $100. And supply is pretty limited.

I know, I’ve been assisting a friend of the family.

They ended up scraping together a 20% down payment and buying a 2 bedroom condo with a 2 car garage. Their payment is less that rent would have been.

There are so many submarkets in San Diego it is very hard to make a general statement about the entire county that means anything at all.[/quote]I’m pretty sure you can make a general statement if you preface it with except for undesirable areas. Then you can point to areas like Carmel Valley and say I was right, and areas like San Marcos and Mira Mesa as either undesirable or borderline undesirable.[/quote]

WTF man I said a general statement about the “entire county” and you made a statement using exceptions to specify submarkets!!

You took my statement about apples and talked about oranges.

[svelte]

Guidelines aren’t as tight as you would think.

http://www.broadviewmortgagelongbeach.com/home-loans/fha-mortgage/

Note the 46.99% front end and 56.99% back end, min credit score 640.

[svelte]

Rent here in San Marcos is $1700/mo for a two bedroom 1000 sf apartment, plus or minus $100. And supply is pretty limited.

I know, I’ve been assisting a friend of the family.

They ended up scraping together a 20% down payment and buying a 2 bedroom condo with a 2 car garage. Their payment is less that rent would have been.

There are so many submarkets in San Diego it is very hard to make a general statement about the entire county that means anything at all.

[svelte]

[quote=flu][quote=svelte]I don’t know. I doubt I would crawl under the car if only hydraulics were keeping it from crushing me. I would still use jack stands even if I used the Quick Jack to get it into the air.

No auto repair is worth risk of severe injury or death to me.[/quote]

Interesting… Do they make 20″ jack stands?[/quote]

Lots of them on the market. Google “tall jack stands”

I mean, even floor jacks are hydraulic and we throw jack stands under a car when using those.

[svelte]

[quote=joec]One thing that may throw a monkey wrench in your planning is when you and your significant other decide to get married/have kids, then there will be a massive nesting instinct and you will be “forced” to buy no matter what.
[/quote]

True, true.

On the other hand, unless he marries whomever he’s buying this current place with, they will force him to sell and buy something else anyway.

Brides who marry a man who already owns a home usually don’t want to make their nest in the place he spent his bachelor days in.

[svelte]

I don’t know. I doubt I would crawl under the car if only hydraulics were keeping it from crushing me. I would still use jack stands even if I used the Quick Jack to get it into the air.

No auto repair is worth risk of severe injury or death to me.

[svelte]

[quote=scaredyclassic] i guess the ads call flat land “useable land” but what is all this damned hilly stuff? [/quote]

“Open Space” 🙂

[svelte]

With this new information, I think you’ve made the right decision.

Too many needles on the dashboard pointing the wrong direction – time to bail out.

Congrats on keeping a level head and thinking it through.

[svelte]

[quote=poorgradstudent][quote=spdrun]Wait till every network starts offering streaming. They have sort of a monopoly … for now. But nothing they do is unique.[/quote]

I’d be hesitant to throw out “monopoly” when Amazon basically offers the same service at the same price. But you’re right to point out Netflix doesn’t have much of a moat for their digital content distribution system.[/quote]

So does HuluPlus, which is probably a closer competitor to Netflix than Amazon.

[svelte]

My dad had a small no-name company as the insurer on one of his rentals. When a major unfortunate incident arose, they refused to pay. He had to take them to court to get them to pay up (he won).

He has sworn to only go with companies with good reputations from now on.

I guess what I’m trying to say is installing a new heating system now may end up saving you money in the long run…

[svelte]

What you don’t mention is how long you plan on keeping the home and/or staying in San Diego.

I think you have to go into a home purchase with the mindset that you’ll keep it at least 5 years, and hopefully 10. Property values will be higher in 5 years in most cases, and will surely be higher in 10 years.

If you’re planning on selling in 2, 3, or 4 years – well then it all depends on how much risk you are comfortable with. There certainly could be a temporary price dip in that time period.

Another reason to buy: sounds like mortgages will be easier to get in 2015, which means more folks will buy, which means more demand on the housing market.

http://www.10news.com/financial-fitness/4-reasons-buying-a-home-in-2015-will-be-easier

[svelte]

Autoblog just released stats. Of the cars that debuted at the Detroit Auto Show, the average was:

– 331 HP
– 7 speeds
– 0-60 in 5.6 seconds

What a world we live in!

[svelte]

[quote=FlyerInHi][quote=svelte]Oh, I definitely thought interest rates would be higher by 2015. No doubt about it.

Luckily I didn’t bet the farm on it. :-)[/quote]

In hindsight it all makes sense. I always thought it very unlikely we’d have massive inflation and the Fed “losing control” once the free markets did their free market thingies, given the glut of capacity and all the capacity coming from emerging markets.

I didn’t bet the farm but i do have 2 adjustable rate mortgages. Glad I took the risk. Despite constant predictions of higher rates, rates have been coming down since 1989.

I think econprof is right. We are going to have a prolonged period of low rates.[/quote]

I’m all right with that. It means things are fairly predictable – high inflation / interest rates makes it harder to determine what things will be like in coming years.

I’m just hoping rates stay long enough for my kids to settle into their long-term homes.

I guess the way I’ve taken advantage of the low rates is by buying big ticket items. I figured that way I locked in a low APR and if rates go up I don’t really care.

Adjustable rate mortgages certainly would have been the way to go the last few years. But I sleep better with my fixed rate. I’m a born worrier so anything that adds stress to my life is not a good thing.

[svelte]

Oh, I definitely thought interest rates would be higher by 2015. No doubt about it.

Luckily I didn’t bet the farm on it. 🙂

[svelte]

News made the second largest newspaper in the UK.

http://www.dailymail.co.uk/news/article-2908811/Mother-Year-53-advertised-strangers-RAPE-woman-outbid-dream-home-ordered-away-victims-10-years.html

[Author]

Posts