[temeculaguy]

“For all you holier than thou folks” I find it ironic that you would use that phrase. I was one of the people that started it and I was only drawing attention to what I thought was a contradiction to self taxing oneself 10% to church or charity while dodging what most people consider basic utilities. Both behaviors exist in the population but I found it odd to exist in the same person, PETA members rarely eat dogs, cattle farmers rarely eat soy burgers and priests rarely molest young boys (ugh, ok strike the third one).

Sure you can get away with it and nobody is going to storm your house with a swat team over free HBO, but if you are going to make a huge financial sacrifice because of the spritual satisfaction you get from being a good person (and I believe the OP is an incredible person) go all the way and do the right thing even when nobody is looking and you know you won’t get caught.

[temeculaguy]

“For all you holier than thou folks” I find it ironic that you would use that phrase. I was one of the people that started it and I was only drawing attention to what I thought was a contradiction to self taxing oneself 10% to church or charity while dodging what most people consider basic utilities. Both behaviors exist in the population but I found it odd to exist in the same person, PETA members rarely eat dogs, cattle farmers rarely eat soy burgers and priests rarely molest young boys (ugh, ok strike the third one).

Sure you can get away with it and nobody is going to storm your house with a swat team over free HBO, but if you are going to make a huge financial sacrifice because of the spritual satisfaction you get from being a good person (and I believe the OP is an incredible person) go all the way and do the right thing even when nobody is looking and you know you won’t get caught.

[temeculaguy]

I agree but it will permanently take away a lot of their talking points, especially vs the stock market. Gems like:

Housing prices always go up, there’s never been a nominal drop in housing prices nationally, houses can go up fast but they won’t decline fast, people always need a place to live, therefore the value never declines, you can’t lose in real estate.

If housing were to absolutely crash in way never seen before and return to 2003 prices in a single year, they lose all those cliches forever. Every commentator on every financial show will bring it up for years. What will be the new slogans.

“houses might go up or down,”” hurry there’s still time to lose money before housing bottoms out,” “mowing the lawn can be just as fun as cashing dividend checks” or my personal favorite “you can have sex in a house, try that with stocks”

[temeculaguy]

I agree but it will permanently take away a lot of their talking points, especially vs the stock market. Gems like:

Housing prices always go up, there’s never been a nominal drop in housing prices nationally, houses can go up fast but they won’t decline fast, people always need a place to live, therefore the value never declines, you can’t lose in real estate.

If housing were to absolutely crash in way never seen before and return to 2003 prices in a single year, they lose all those cliches forever. Every commentator on every financial show will bring it up for years. What will be the new slogans.

“houses might go up or down,”” hurry there’s still time to lose money before housing bottoms out,” “mowing the lawn can be just as fun as cashing dividend checks” or my personal favorite “you can have sex in a house, try that with stocks”

[temeculaguy]

Higgy, I can post these all day.

Prop A http://www.redfin.com/stingray/do/printable-listing?listing-id=639303

Asking 529k, paid 710k 07/05, nice little 180k loss if it were to sell at list.

Prop B Paid 625k in 04/06, thinks the market is on the rise and is asking a mere 735k, good luck with that.

http://www.redfin.com/stingray/do/printable-listing?listing-id=834298

Model matches, same exact sq. ft, same side of the street about 6 houses apart from each other and only a 206k price difference.

[temeculaguy]

Higgy, I can post these all day.

Prop A http://www.redfin.com/stingray/do/printable-listing?listing-id=639303

Asking 529k, paid 710k 07/05, nice little 180k loss if it were to sell at list.

Prop B Paid 625k in 04/06, thinks the market is on the rise and is asking a mere 735k, good luck with that.

http://www.redfin.com/stingray/do/printable-listing?listing-id=834298

Model matches, same exact sq. ft, same side of the street about 6 houses apart from each other and only a 206k price difference.

[temeculaguy]

It’s been said by those in the industry that the big season for buying is actually the spring and summer is when escrows close for a large chunk of the buyers with school aged kids (which I think is the largest 4s demographic). At what point on the calendar is the family buying season over? I would imagine you would want to be in a new house a week or two before school starts and 30 days would be a very short escrow. Roughly the tail end of the “high season” would be in a couple of weeks.

[temeculaguy]

It’s been said by those in the industry that the big season for buying is actually the spring and summer is when escrows close for a large chunk of the buyers with school aged kids (which I think is the largest 4s demographic). At what point on the calendar is the family buying season over? I would imagine you would want to be in a new house a week or two before school starts and 30 days would be a very short escrow. Roughly the tail end of the “high season” would be in a couple of weeks.

[temeculaguy]

Bobby, they are on the same street, only about five or six houses from each other, so it’s the same neighborhood. It is the same model and sq ft, often times you can have rooms made into offices or two into one large room, I’m sure that’s the reason one is a 5 and the other a 4.

Bugs and PD, I think you are both right. They can’t hold on forever and they can’t expect the prices to rise as the lawns get browner.

Rustico, Thanks, I try.

Two more, same street, sq ft and model. The repo is priced 175k below the non repo. Granted the non reo has a cool pool but they have the same view, are about eight houses apart and of course the repo will need some sod. There were three repos on the street for about 550K each and a few owner occupied listed at about 700k each. I think this is evidence that the must sells are being forced to move prices, it’s almost July and if you aren’t getting any offers you are about to miss the summer selling season.

http://www.redfin.com/stingray/do/printable-listing?listing-id=672188

http://www.redfin.com/stingray/do/printable-listing?listing-id=665761

[temeculaguy]

Bobby, they are on the same street, only about five or six houses from each other, so it’s the same neighborhood. It is the same model and sq ft, often times you can have rooms made into offices or two into one large room, I’m sure that’s the reason one is a 5 and the other a 4.

Bugs and PD, I think you are both right. They can’t hold on forever and they can’t expect the prices to rise as the lawns get browner.

Rustico, Thanks, I try.

Two more, same street, sq ft and model. The repo is priced 175k below the non repo. Granted the non reo has a cool pool but they have the same view, are about eight houses apart and of course the repo will need some sod. There were three repos on the street for about 550K each and a few owner occupied listed at about 700k each. I think this is evidence that the must sells are being forced to move prices, it’s almost July and if you aren’t getting any offers you are about to miss the summer selling season.

http://www.redfin.com/stingray/do/printable-listing?listing-id=672188

http://www.redfin.com/stingray/do/printable-listing?listing-id=665761

[temeculaguy]

Lemon tree analogy or biblical law do not overide the California Penal Code.

Section 593d.
any person who, for the purpose of intercepting, receiving, or using any program or other service carried by a multichannel video or information services provider that the person is not authorized by that provider to receive or use, commits any of the following acts is guilty of a
public offense.

[temeculaguy]

Lemon tree analogy or biblical law do not overide the California Penal Code.

Section 593d.
any person who, for the purpose of intercepting, receiving, or using any program or other service carried by a multichannel video or information services provider that the person is not authorized by that provider to receive or use, commits any of the following acts is guilty of a
public offense.

[temeculaguy]

I’m a third generation Southern Californian, although my family is large and not everyone has lived in the same county for the 80 years we’ve been here (parents, grandparents, aunts, uncles, etc. and myself with school and jobs over those 8 decades the clan has inhabited L.A., O.C., S.D. and Riverside counties, and still do. Lots of good real estate stories have been told over the years and just last year the family sold Grandma’s house in L.A. that I think she bought in the 1940’s for 5 or 10k and it was paid off 30 years ago. All that family history, maybe 50-100 homes bought and sold amongst family members, all in so cal since the depression and I’m bearish as hell, as is every one of my relatives. I think natives should be more bearish since they’ve seen the pendulum swing more than once.

[temeculaguy]

I’m a third generation Southern Californian, although my family is large and not everyone has lived in the same county for the 80 years we’ve been here (parents, grandparents, aunts, uncles, etc. and myself with school and jobs over those 8 decades the clan has inhabited L.A., O.C., S.D. and Riverside counties, and still do. Lots of good real estate stories have been told over the years and just last year the family sold Grandma’s house in L.A. that I think she bought in the 1940’s for 5 or 10k and it was paid off 30 years ago. All that family history, maybe 50-100 homes bought and sold amongst family members, all in so cal since the depression and I’m bearish as hell, as is every one of my relatives. I think natives should be more bearish since they’ve seen the pendulum swing more than once.

[temeculaguy]

Typo above, both properties were last sold 03/05 not 03/06, sorry.

[Author]

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