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temeculaguy
ParticipantDoes anyone else see what just happened, the op dropped in, laid down a bomb, got paramount and allan riled up, now if I buy a BMW my kids are going to build bombs. This sucks.
Since I’m over 40 and divorced, california law requires that I purchase a porsche or a corvette before my 42nd birthday. I’d love to give more to charity, but it’s the law.
Kidding aside, paramount and allan have valid points, what would be so bad about taking advantage of the downturn and buying something ridiculously affordable, something 1-2x income. I’m reminded of the doctor we had here a few weeks ago that was killing himslef at work to live the carmel valley lifestyle, the overwhelming advice was to waive goodbye to the Jonses, lower your self imposed expectations and find a way to enjoy this gift we call life. If we ever needed an Enorah quote it is now.
ParticipantDoes anyone else see what just happened, the op dropped in, laid down a bomb, got paramount and allan riled up, now if I buy a BMW my kids are going to build bombs. This sucks.
Since I’m over 40 and divorced, california law requires that I purchase a porsche or a corvette before my 42nd birthday. I’d love to give more to charity, but it’s the law.
Kidding aside, paramount and allan have valid points, what would be so bad about taking advantage of the downturn and buying something ridiculously affordable, something 1-2x income. I’m reminded of the doctor we had here a few weeks ago that was killing himslef at work to live the carmel valley lifestyle, the overwhelming advice was to waive goodbye to the Jonses, lower your self imposed expectations and find a way to enjoy this gift we call life. If we ever needed an Enorah quote it is now.
ParticipantDoes anyone else see what just happened, the op dropped in, laid down a bomb, got paramount and allan riled up, now if I buy a BMW my kids are going to build bombs. This sucks.
Since I’m over 40 and divorced, california law requires that I purchase a porsche or a corvette before my 42nd birthday. I’d love to give more to charity, but it’s the law.
Kidding aside, paramount and allan have valid points, what would be so bad about taking advantage of the downturn and buying something ridiculously affordable, something 1-2x income. I’m reminded of the doctor we had here a few weeks ago that was killing himslef at work to live the carmel valley lifestyle, the overwhelming advice was to waive goodbye to the Jonses, lower your self imposed expectations and find a way to enjoy this gift we call life. If we ever needed an Enorah quote it is now.
Participantnc4, don’t take this as one of the “sharp” comments but you’ve been a posting member of this site for 12 hours. Perhaps you lurked and read before posting but like any blog, this isn’t a press conference, you don’t need to respond to certain comments, free speach is very alive here.
I’ll ask you only a few questions and you don’t need to post the answers, just say them out loud to yourself. Is the house you want to buy the same price it was in 2001? Is it 40-50% less than peak? If the answer is no to both, that knife is too sharp to catch it yet. The observations made by others are accurate, if you can’t get a loan, very few others can either, therefore downward pressure will lower than price within the next year, it will meet demand (or ability), it is an economic fundamental. Prices rise when anyone and everyone can buy, prices fall when few can buy, these are basic market laws.
I personally don’t like 800k on 250k yr, 750k is 3x income, that’s the number I like to stay under and that is without any monthly loss if you keep the condo. You don’t even need to look for a 600k house, that 800k house will be 600k before you know it. Even the most staunch cheerleaders on the boards will tell you that the 800k hoods are some of the few that the most downside risk, the fact that loans cannot be obtained only serves to support that argument.
Participantnc4, don’t take this as one of the “sharp” comments but you’ve been a posting member of this site for 12 hours. Perhaps you lurked and read before posting but like any blog, this isn’t a press conference, you don’t need to respond to certain comments, free speach is very alive here.
I’ll ask you only a few questions and you don’t need to post the answers, just say them out loud to yourself. Is the house you want to buy the same price it was in 2001? Is it 40-50% less than peak? If the answer is no to both, that knife is too sharp to catch it yet. The observations made by others are accurate, if you can’t get a loan, very few others can either, therefore downward pressure will lower than price within the next year, it will meet demand (or ability), it is an economic fundamental. Prices rise when anyone and everyone can buy, prices fall when few can buy, these are basic market laws.
I personally don’t like 800k on 250k yr, 750k is 3x income, that’s the number I like to stay under and that is without any monthly loss if you keep the condo. You don’t even need to look for a 600k house, that 800k house will be 600k before you know it. Even the most staunch cheerleaders on the boards will tell you that the 800k hoods are some of the few that the most downside risk, the fact that loans cannot be obtained only serves to support that argument.
Participantnc4, don’t take this as one of the “sharp” comments but you’ve been a posting member of this site for 12 hours. Perhaps you lurked and read before posting but like any blog, this isn’t a press conference, you don’t need to respond to certain comments, free speach is very alive here.
I’ll ask you only a few questions and you don’t need to post the answers, just say them out loud to yourself. Is the house you want to buy the same price it was in 2001? Is it 40-50% less than peak? If the answer is no to both, that knife is too sharp to catch it yet. The observations made by others are accurate, if you can’t get a loan, very few others can either, therefore downward pressure will lower than price within the next year, it will meet demand (or ability), it is an economic fundamental. Prices rise when anyone and everyone can buy, prices fall when few can buy, these are basic market laws.
I personally don’t like 800k on 250k yr, 750k is 3x income, that’s the number I like to stay under and that is without any monthly loss if you keep the condo. You don’t even need to look for a 600k house, that 800k house will be 600k before you know it. Even the most staunch cheerleaders on the boards will tell you that the 800k hoods are some of the few that the most downside risk, the fact that loans cannot be obtained only serves to support that argument.
Participantnc4, don’t take this as one of the “sharp” comments but you’ve been a posting member of this site for 12 hours. Perhaps you lurked and read before posting but like any blog, this isn’t a press conference, you don’t need to respond to certain comments, free speach is very alive here.
I’ll ask you only a few questions and you don’t need to post the answers, just say them out loud to yourself. Is the house you want to buy the same price it was in 2001? Is it 40-50% less than peak? If the answer is no to both, that knife is too sharp to catch it yet. The observations made by others are accurate, if you can’t get a loan, very few others can either, therefore downward pressure will lower than price within the next year, it will meet demand (or ability), it is an economic fundamental. Prices rise when anyone and everyone can buy, prices fall when few can buy, these are basic market laws.
I personally don’t like 800k on 250k yr, 750k is 3x income, that’s the number I like to stay under and that is without any monthly loss if you keep the condo. You don’t even need to look for a 600k house, that 800k house will be 600k before you know it. Even the most staunch cheerleaders on the boards will tell you that the 800k hoods are some of the few that the most downside risk, the fact that loans cannot be obtained only serves to support that argument.
Participantnc4, don’t take this as one of the “sharp” comments but you’ve been a posting member of this site for 12 hours. Perhaps you lurked and read before posting but like any blog, this isn’t a press conference, you don’t need to respond to certain comments, free speach is very alive here.
I’ll ask you only a few questions and you don’t need to post the answers, just say them out loud to yourself. Is the house you want to buy the same price it was in 2001? Is it 40-50% less than peak? If the answer is no to both, that knife is too sharp to catch it yet. The observations made by others are accurate, if you can’t get a loan, very few others can either, therefore downward pressure will lower than price within the next year, it will meet demand (or ability), it is an economic fundamental. Prices rise when anyone and everyone can buy, prices fall when few can buy, these are basic market laws.
I personally don’t like 800k on 250k yr, 750k is 3x income, that’s the number I like to stay under and that is without any monthly loss if you keep the condo. You don’t even need to look for a 600k house, that 800k house will be 600k before you know it. Even the most staunch cheerleaders on the boards will tell you that the 800k hoods are some of the few that the most downside risk, the fact that loans cannot be obtained only serves to support that argument.
ParticipantCardiff, no I am a Laker fan, my cleveland sports fanship is limited to the Browns. Like many fans, it’s not just us vs. them, I enjoy watching many teams for different reasons. Normally I would root for the cavs unless they play the lakers, King James is fun to watch, but it was even more fun to watch the Lakers shut him down. I’m not sure injuries is entirely to blame for the cavs loss, even healthy, they aren’t as deep as the celts or lakers, they win because Lebron is just that good.
ParticipantCardiff, no I am a Laker fan, my cleveland sports fanship is limited to the Browns. Like many fans, it’s not just us vs. them, I enjoy watching many teams for different reasons. Normally I would root for the cavs unless they play the lakers, King James is fun to watch, but it was even more fun to watch the Lakers shut him down. I’m not sure injuries is entirely to blame for the cavs loss, even healthy, they aren’t as deep as the celts or lakers, they win because Lebron is just that good.
ParticipantCardiff, no I am a Laker fan, my cleveland sports fanship is limited to the Browns. Like many fans, it’s not just us vs. them, I enjoy watching many teams for different reasons. Normally I would root for the cavs unless they play the lakers, King James is fun to watch, but it was even more fun to watch the Lakers shut him down. I’m not sure injuries is entirely to blame for the cavs loss, even healthy, they aren’t as deep as the celts or lakers, they win because Lebron is just that good.
ParticipantCardiff, no I am a Laker fan, my cleveland sports fanship is limited to the Browns. Like many fans, it’s not just us vs. them, I enjoy watching many teams for different reasons. Normally I would root for the cavs unless they play the lakers, King James is fun to watch, but it was even more fun to watch the Lakers shut him down. I’m not sure injuries is entirely to blame for the cavs loss, even healthy, they aren’t as deep as the celts or lakers, they win because Lebron is just that good.
ParticipantCardiff, no I am a Laker fan, my cleveland sports fanship is limited to the Browns. Like many fans, it’s not just us vs. them, I enjoy watching many teams for different reasons. Normally I would root for the cavs unless they play the lakers, King James is fun to watch, but it was even more fun to watch the Lakers shut him down. I’m not sure injuries is entirely to blame for the cavs loss, even healthy, they aren’t as deep as the celts or lakers, they win because Lebron is just that good.
ParticipantThe current stimulus package at the senate has a provision to eliminate the need to repay the 7500, that is why carlsbad posted this thread, he missed it by a day because the freebie is only for 2009 buyers, Dec 31 2008 buyer is on the hook to repay. Sorry of I got the non resident alien thing wrong, I followed the link to the IRS website and went through the flow chart as if I was an illegal alien, guess what, I qualified. I realize it is highly unlikely that an illegal alien would file taxes and get the credit or buy a house, I was just being pissy cause I get jipped again. I never get the stimulus checks, the child tax credit or the bailout because of my income, truth be told I should be more thankful of my numbers and not begrudge anyone their freebies. Occasionaly I have male PMS and realize that I am paying for everyone else’s party. Plus I was tense about the laker/cavs game, my apologies. It’s halftime and it is tied so I guess all is right with the world, everyone take my money, I don’t care, I’ll get more, at least I have my good looks.
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