[temeculaguy]

Popcorn Theory in effect. JP, little history for you, about two years ago I was constantly lamenting on the boards that all of the price slashing wasn’t taking place in the heart of Temecula, it was all 20 miles North of Temecula. South Temecula was holding up, then one popped up 10 miles away from where I wanted to be, then another, then 5. Six months later, one crazy priced one popped up in my hood, then another, then five more, then fifty more. It was like microwave popcorn, and the Popcorn theory was born. It moved like a virus or a train, hence, the Pain Train Theory. A similar thing was taking place in Eastlake at the same time. Many people thought downtown, Northpark, Southpark, South Bay and East County (already started) would be the next to be affected and it is very possible that you found the first kernal that popped in that area, keep watching, it’s fun. One tip, if it is the beginning of the Popcorn theory, the first to pop are usually crappy properties, this 600 sq ft, built in 1923, fits that description. The next one may be tolerable, but stay patient because when the bulk of the popping happens, the nice places get mixed in. Bon Appetit.

[temeculaguy]

Popcorn Theory in effect. JP, little history for you, about two years ago I was constantly lamenting on the boards that all of the price slashing wasn’t taking place in the heart of Temecula, it was all 20 miles North of Temecula. South Temecula was holding up, then one popped up 10 miles away from where I wanted to be, then another, then 5. Six months later, one crazy priced one popped up in my hood, then another, then five more, then fifty more. It was like microwave popcorn, and the Popcorn theory was born. It moved like a virus or a train, hence, the Pain Train Theory. A similar thing was taking place in Eastlake at the same time. Many people thought downtown, Northpark, Southpark, South Bay and East County (already started) would be the next to be affected and it is very possible that you found the first kernal that popped in that area, keep watching, it’s fun. One tip, if it is the beginning of the Popcorn theory, the first to pop are usually crappy properties, this 600 sq ft, built in 1923, fits that description. The next one may be tolerable, but stay patient because when the bulk of the popping happens, the nice places get mixed in. Bon Appetit.

[temeculaguy]

Popcorn Theory in effect. JP, little history for you, about two years ago I was constantly lamenting on the boards that all of the price slashing wasn’t taking place in the heart of Temecula, it was all 20 miles North of Temecula. South Temecula was holding up, then one popped up 10 miles away from where I wanted to be, then another, then 5. Six months later, one crazy priced one popped up in my hood, then another, then five more, then fifty more. It was like microwave popcorn, and the Popcorn theory was born. It moved like a virus or a train, hence, the Pain Train Theory. A similar thing was taking place in Eastlake at the same time. Many people thought downtown, Northpark, Southpark, South Bay and East County (already started) would be the next to be affected and it is very possible that you found the first kernal that popped in that area, keep watching, it’s fun. One tip, if it is the beginning of the Popcorn theory, the first to pop are usually crappy properties, this 600 sq ft, built in 1923, fits that description. The next one may be tolerable, but stay patient because when the bulk of the popping happens, the nice places get mixed in. Bon Appetit.

[temeculaguy]

Popcorn Theory in effect. JP, little history for you, about two years ago I was constantly lamenting on the boards that all of the price slashing wasn’t taking place in the heart of Temecula, it was all 20 miles North of Temecula. South Temecula was holding up, then one popped up 10 miles away from where I wanted to be, then another, then 5. Six months later, one crazy priced one popped up in my hood, then another, then five more, then fifty more. It was like microwave popcorn, and the Popcorn theory was born. It moved like a virus or a train, hence, the Pain Train Theory. A similar thing was taking place in Eastlake at the same time. Many people thought downtown, Northpark, Southpark, South Bay and East County (already started) would be the next to be affected and it is very possible that you found the first kernal that popped in that area, keep watching, it’s fun. One tip, if it is the beginning of the Popcorn theory, the first to pop are usually crappy properties, this 600 sq ft, built in 1923, fits that description. The next one may be tolerable, but stay patient because when the bulk of the popping happens, the nice places get mixed in. Bon Appetit.

[temeculaguy]

gn, you are right, I have a different paradigm and sometimes I forget that my world is a little unique right now but on the other hand I find it baffling the kind of resistance some areas have put up. There has literally been nothing but bad news for housing in the last 12 months, yet all is well. I don’t even want to live there, it’s about reading all of the frustrations on the boards of my brothers and sisters here and I want it for them and I want it now. Everything points to a scenario that will defy past models, price appreciation in the bubble has never been so dramatic, financing easing and then contraction has never been so drastic, everything was different so my mind’s eye says to ignore past models for the decline and be ready with pen in hand to rewrite the books when this thing finally ends. But, I may also be wrong, which would not be anything new or unique for me.

[temeculaguy]

gn, you are right, I have a different paradigm and sometimes I forget that my world is a little unique right now but on the other hand I find it baffling the kind of resistance some areas have put up. There has literally been nothing but bad news for housing in the last 12 months, yet all is well. I don’t even want to live there, it’s about reading all of the frustrations on the boards of my brothers and sisters here and I want it for them and I want it now. Everything points to a scenario that will defy past models, price appreciation in the bubble has never been so dramatic, financing easing and then contraction has never been so drastic, everything was different so my mind’s eye says to ignore past models for the decline and be ready with pen in hand to rewrite the books when this thing finally ends. But, I may also be wrong, which would not be anything new or unique for me.

[temeculaguy]

gn, you are right, I have a different paradigm and sometimes I forget that my world is a little unique right now but on the other hand I find it baffling the kind of resistance some areas have put up. There has literally been nothing but bad news for housing in the last 12 months, yet all is well. I don’t even want to live there, it’s about reading all of the frustrations on the boards of my brothers and sisters here and I want it for them and I want it now. Everything points to a scenario that will defy past models, price appreciation in the bubble has never been so dramatic, financing easing and then contraction has never been so drastic, everything was different so my mind’s eye says to ignore past models for the decline and be ready with pen in hand to rewrite the books when this thing finally ends. But, I may also be wrong, which would not be anything new or unique for me.

[temeculaguy]

gn, you are right, I have a different paradigm and sometimes I forget that my world is a little unique right now but on the other hand I find it baffling the kind of resistance some areas have put up. There has literally been nothing but bad news for housing in the last 12 months, yet all is well. I don’t even want to live there, it’s about reading all of the frustrations on the boards of my brothers and sisters here and I want it for them and I want it now. Everything points to a scenario that will defy past models, price appreciation in the bubble has never been so dramatic, financing easing and then contraction has never been so drastic, everything was different so my mind’s eye says to ignore past models for the decline and be ready with pen in hand to rewrite the books when this thing finally ends. But, I may also be wrong, which would not be anything new or unique for me.

[temeculaguy]

gn, you are right, I have a different paradigm and sometimes I forget that my world is a little unique right now but on the other hand I find it baffling the kind of resistance some areas have put up. There has literally been nothing but bad news for housing in the last 12 months, yet all is well. I don’t even want to live there, it’s about reading all of the frustrations on the boards of my brothers and sisters here and I want it for them and I want it now. Everything points to a scenario that will defy past models, price appreciation in the bubble has never been so dramatic, financing easing and then contraction has never been so drastic, everything was different so my mind’s eye says to ignore past models for the decline and be ready with pen in hand to rewrite the books when this thing finally ends. But, I may also be wrong, which would not be anything new or unique for me.

[temeculaguy]

Thank you, Ex-Sd, but the logic is the result of two years of reading this site and “borrowing” ideas from the various people here. I am merely a product of this site and the collective mind it represents. Over time each topic prompted me to research more and more just so I wouldn’t be talking out of my butt and it is now at the point that it’s almost an obsession, one that I can rationalize because my two near miss knife catches would have cost me over 100k as of right now. We are so far ahead in the unwinding up here that I can’t lose at this point, now it’s come down to being picky. My biggest obstacle now is that after looking at houses for two years I have become so picky I worry that other than building my own house will I ever be happy with an existing floorplan. I have looked inside almost every model match in my zip code every month I eliminate another tract from my search for one reason or another, within those few tracts the location makes the pool of potentials even smaller (where the morning and evening sun hits it, location on street, view, lot, etc.) it feels like there are only a few I’d be happy with and those aren’t for sale. Luckily it’s a declining market so it’s working for me but if the right house in the right location finally appears, I’ll probably just do it because in the last three months I actually haven’t found one that is the right fit and the ones I would have bought a year ago I wouldn’t even consider now because they lack things that cannot be changed. Counters, flooring and appliances can all be changed but closet size, bedroom sizes, bathroom configuration, layout, ceiling height, neighborhood, etc. are constants. Combined with the fact that I also don’t want to clean and air condition over 3000 sq ft, I think my only real choice is Vallium or Zoloft.

[temeculaguy]

Thank you, Ex-Sd, but the logic is the result of two years of reading this site and “borrowing” ideas from the various people here. I am merely a product of this site and the collective mind it represents. Over time each topic prompted me to research more and more just so I wouldn’t be talking out of my butt and it is now at the point that it’s almost an obsession, one that I can rationalize because my two near miss knife catches would have cost me over 100k as of right now. We are so far ahead in the unwinding up here that I can’t lose at this point, now it’s come down to being picky. My biggest obstacle now is that after looking at houses for two years I have become so picky I worry that other than building my own house will I ever be happy with an existing floorplan. I have looked inside almost every model match in my zip code every month I eliminate another tract from my search for one reason or another, within those few tracts the location makes the pool of potentials even smaller (where the morning and evening sun hits it, location on street, view, lot, etc.) it feels like there are only a few I’d be happy with and those aren’t for sale. Luckily it’s a declining market so it’s working for me but if the right house in the right location finally appears, I’ll probably just do it because in the last three months I actually haven’t found one that is the right fit and the ones I would have bought a year ago I wouldn’t even consider now because they lack things that cannot be changed. Counters, flooring and appliances can all be changed but closet size, bedroom sizes, bathroom configuration, layout, ceiling height, neighborhood, etc. are constants. Combined with the fact that I also don’t want to clean and air condition over 3000 sq ft, I think my only real choice is Vallium or Zoloft.

[temeculaguy]

Thank you, Ex-Sd, but the logic is the result of two years of reading this site and “borrowing” ideas from the various people here. I am merely a product of this site and the collective mind it represents. Over time each topic prompted me to research more and more just so I wouldn’t be talking out of my butt and it is now at the point that it’s almost an obsession, one that I can rationalize because my two near miss knife catches would have cost me over 100k as of right now. We are so far ahead in the unwinding up here that I can’t lose at this point, now it’s come down to being picky. My biggest obstacle now is that after looking at houses for two years I have become so picky I worry that other than building my own house will I ever be happy with an existing floorplan. I have looked inside almost every model match in my zip code every month I eliminate another tract from my search for one reason or another, within those few tracts the location makes the pool of potentials even smaller (where the morning and evening sun hits it, location on street, view, lot, etc.) it feels like there are only a few I’d be happy with and those aren’t for sale. Luckily it’s a declining market so it’s working for me but if the right house in the right location finally appears, I’ll probably just do it because in the last three months I actually haven’t found one that is the right fit and the ones I would have bought a year ago I wouldn’t even consider now because they lack things that cannot be changed. Counters, flooring and appliances can all be changed but closet size, bedroom sizes, bathroom configuration, layout, ceiling height, neighborhood, etc. are constants. Combined with the fact that I also don’t want to clean and air condition over 3000 sq ft, I think my only real choice is Vallium or Zoloft.

[temeculaguy]

Thank you, Ex-Sd, but the logic is the result of two years of reading this site and “borrowing” ideas from the various people here. I am merely a product of this site and the collective mind it represents. Over time each topic prompted me to research more and more just so I wouldn’t be talking out of my butt and it is now at the point that it’s almost an obsession, one that I can rationalize because my two near miss knife catches would have cost me over 100k as of right now. We are so far ahead in the unwinding up here that I can’t lose at this point, now it’s come down to being picky. My biggest obstacle now is that after looking at houses for two years I have become so picky I worry that other than building my own house will I ever be happy with an existing floorplan. I have looked inside almost every model match in my zip code every month I eliminate another tract from my search for one reason or another, within those few tracts the location makes the pool of potentials even smaller (where the morning and evening sun hits it, location on street, view, lot, etc.) it feels like there are only a few I’d be happy with and those aren’t for sale. Luckily it’s a declining market so it’s working for me but if the right house in the right location finally appears, I’ll probably just do it because in the last three months I actually haven’t found one that is the right fit and the ones I would have bought a year ago I wouldn’t even consider now because they lack things that cannot be changed. Counters, flooring and appliances can all be changed but closet size, bedroom sizes, bathroom configuration, layout, ceiling height, neighborhood, etc. are constants. Combined with the fact that I also don’t want to clean and air condition over 3000 sq ft, I think my only real choice is Vallium or Zoloft.

[temeculaguy]

Thank you, Ex-Sd, but the logic is the result of two years of reading this site and “borrowing” ideas from the various people here. I am merely a product of this site and the collective mind it represents. Over time each topic prompted me to research more and more just so I wouldn’t be talking out of my butt and it is now at the point that it’s almost an obsession, one that I can rationalize because my two near miss knife catches would have cost me over 100k as of right now. We are so far ahead in the unwinding up here that I can’t lose at this point, now it’s come down to being picky. My biggest obstacle now is that after looking at houses for two years I have become so picky I worry that other than building my own house will I ever be happy with an existing floorplan. I have looked inside almost every model match in my zip code every month I eliminate another tract from my search for one reason or another, within those few tracts the location makes the pool of potentials even smaller (where the morning and evening sun hits it, location on street, view, lot, etc.) it feels like there are only a few I’d be happy with and those aren’t for sale. Luckily it’s a declining market so it’s working for me but if the right house in the right location finally appears, I’ll probably just do it because in the last three months I actually haven’t found one that is the right fit and the ones I would have bought a year ago I wouldn’t even consider now because they lack things that cannot be changed. Counters, flooring and appliances can all be changed but closet size, bedroom sizes, bathroom configuration, layout, ceiling height, neighborhood, etc. are constants. Combined with the fact that I also don’t want to clean and air condition over 3000 sq ft, I think my only real choice is Vallium or Zoloft.

[temeculaguy]

Since the accuracy of a zestimate is akin to the self reported inches of a man’s manhood or a woman’s weight, I would worry what the comps are instead. But without knowing anything else about the purchase, if he bought a year ago, that 200k is toast. Bugs once wrote that you don’t make money in R/E when you sell, you make it when you buy. Those words have been ringing in my ear for weeks.

oops, I fixed a typo and it knocked my post down, making Padre’s post look out of order, my bad.

[Author]

Posts