[TheBreeze]

Maybe they meant 0.4x overvalued as opposed to 0.4% overvalued.

[TheBreeze]

Maybe they meant 0.4x overvalued as opposed to 0.4% overvalued.

[TheBreeze]

Maybe they meant 0.4x overvalued as opposed to 0.4% overvalued.

[TheBreeze]

Maybe they meant 0.4x overvalued as opposed to 0.4% overvalued.

[TheBreeze]

Maybe they meant 0.4x overvalued as opposed to 0.4% overvalued.

[TheBreeze]

The point I was trying to make is that you should be careful extrapolating based off the circumstances of people you know. It’s not likely to be representative. There’s a lot of inventory out there and I’m sure you and your circle of friends could talk yourselves into buying because all you see around you is prosperity and people hungry to buy. That may not be the case for the majority of twenty- and thirty-somethings.

As for Lucera, that may seem like a good deal, but keep in mind that La Jolla Crossroads is still building. A recent ad on craigslist showed they were offering 860 square-foot 1-bedrooms for between $1350 and $1500. Given all that though, there’s no doubt that someone buying now will be much better off then someone who bought 2 years ago.

I also agree with you that it’s important not to get caught up in the groupthink that can happen on a Web site like this one. Just as its important not to get caught up with the bubble-frenzy crowd, its also important not to become overwhelmed with fear lest you miss opportunities. For example, I’m still making periodic contributions to mutual funds through my 401(k). The market may continue to go down for the next couple of years, but since retirement for me is at least 15 years away, I believe I’ll be in a good situation years from now because I continued to invest in the stock market during the down times.

[TheBreeze]

The point I was trying to make is that you should be careful extrapolating based off the circumstances of people you know. It’s not likely to be representative. There’s a lot of inventory out there and I’m sure you and your circle of friends could talk yourselves into buying because all you see around you is prosperity and people hungry to buy. That may not be the case for the majority of twenty- and thirty-somethings.

As for Lucera, that may seem like a good deal, but keep in mind that La Jolla Crossroads is still building. A recent ad on craigslist showed they were offering 860 square-foot 1-bedrooms for between $1350 and $1500. Given all that though, there’s no doubt that someone buying now will be much better off then someone who bought 2 years ago.

I also agree with you that it’s important not to get caught up in the groupthink that can happen on a Web site like this one. Just as its important not to get caught up with the bubble-frenzy crowd, its also important not to become overwhelmed with fear lest you miss opportunities. For example, I’m still making periodic contributions to mutual funds through my 401(k). The market may continue to go down for the next couple of years, but since retirement for me is at least 15 years away, I believe I’ll be in a good situation years from now because I continued to invest in the stock market during the down times.

[TheBreeze]

The point I was trying to make is that you should be careful extrapolating based off the circumstances of people you know. It’s not likely to be representative. There’s a lot of inventory out there and I’m sure you and your circle of friends could talk yourselves into buying because all you see around you is prosperity and people hungry to buy. That may not be the case for the majority of twenty- and thirty-somethings.

As for Lucera, that may seem like a good deal, but keep in mind that La Jolla Crossroads is still building. A recent ad on craigslist showed they were offering 860 square-foot 1-bedrooms for between $1350 and $1500. Given all that though, there’s no doubt that someone buying now will be much better off then someone who bought 2 years ago.

I also agree with you that it’s important not to get caught up in the groupthink that can happen on a Web site like this one. Just as its important not to get caught up with the bubble-frenzy crowd, its also important not to become overwhelmed with fear lest you miss opportunities. For example, I’m still making periodic contributions to mutual funds through my 401(k). The market may continue to go down for the next couple of years, but since retirement for me is at least 15 years away, I believe I’ll be in a good situation years from now because I continued to invest in the stock market during the down times.

[TheBreeze]

The point I was trying to make is that you should be careful extrapolating based off the circumstances of people you know. It’s not likely to be representative. There’s a lot of inventory out there and I’m sure you and your circle of friends could talk yourselves into buying because all you see around you is prosperity and people hungry to buy. That may not be the case for the majority of twenty- and thirty-somethings.

As for Lucera, that may seem like a good deal, but keep in mind that La Jolla Crossroads is still building. A recent ad on craigslist showed they were offering 860 square-foot 1-bedrooms for between $1350 and $1500. Given all that though, there’s no doubt that someone buying now will be much better off then someone who bought 2 years ago.

I also agree with you that it’s important not to get caught up in the groupthink that can happen on a Web site like this one. Just as its important not to get caught up with the bubble-frenzy crowd, its also important not to become overwhelmed with fear lest you miss opportunities. For example, I’m still making periodic contributions to mutual funds through my 401(k). The market may continue to go down for the next couple of years, but since retirement for me is at least 15 years away, I believe I’ll be in a good situation years from now because I continued to invest in the stock market during the down times.

[TheBreeze]

The point I was trying to make is that you should be careful extrapolating based off the circumstances of people you know. It’s not likely to be representative. There’s a lot of inventory out there and I’m sure you and your circle of friends could talk yourselves into buying because all you see around you is prosperity and people hungry to buy. That may not be the case for the majority of twenty- and thirty-somethings.

As for Lucera, that may seem like a good deal, but keep in mind that La Jolla Crossroads is still building. A recent ad on craigslist showed they were offering 860 square-foot 1-bedrooms for between $1350 and $1500. Given all that though, there’s no doubt that someone buying now will be much better off then someone who bought 2 years ago.

I also agree with you that it’s important not to get caught up in the groupthink that can happen on a Web site like this one. Just as its important not to get caught up with the bubble-frenzy crowd, its also important not to become overwhelmed with fear lest you miss opportunities. For example, I’m still making periodic contributions to mutual funds through my 401(k). The market may continue to go down for the next couple of years, but since retirement for me is at least 15 years away, I believe I’ll be in a good situation years from now because I continued to invest in the stock market during the down times.

[TheBreeze]

Both my wife and I are steadily employed and have been for a long time. Monthly expenses total about ~$2k. Household income between $150-200k/yr, last year significantly better. We’ve been stockpiling cash for a long time.

I also own a profitable side business, where I re-invest all the profits.

Ahhhh … eballing. It never gets old does it? Come to think of it though, I don’t know a single 20-year-old making less than $250K per year.

I’m not saying housing is going to turn around. I suspect a heavy price cut followed by a long flat period. But once the #s start to pencil out, I do see a lot of pent up demand buying in not as an investment, but to have a home.

That’s just what I see around me down here in the trenches of youth. 🙂

Let me know when you and your circle of 20 friends are ready to unleash that pent-up demand so I can jump in there and buy just before you. I certainly don’t want to be priced out foreva!

[TheBreeze]

Both my wife and I are steadily employed and have been for a long time. Monthly expenses total about ~$2k. Household income between $150-200k/yr, last year significantly better. We’ve been stockpiling cash for a long time.

I also own a profitable side business, where I re-invest all the profits.

Ahhhh … eballing. It never gets old does it? Come to think of it though, I don’t know a single 20-year-old making less than $250K per year.

I’m not saying housing is going to turn around. I suspect a heavy price cut followed by a long flat period. But once the #s start to pencil out, I do see a lot of pent up demand buying in not as an investment, but to have a home.

That’s just what I see around me down here in the trenches of youth. 🙂

Let me know when you and your circle of 20 friends are ready to unleash that pent-up demand so I can jump in there and buy just before you. I certainly don’t want to be priced out foreva!

[TheBreeze]

Both my wife and I are steadily employed and have been for a long time. Monthly expenses total about ~$2k. Household income between $150-200k/yr, last year significantly better. We’ve been stockpiling cash for a long time.

I also own a profitable side business, where I re-invest all the profits.

Ahhhh … eballing. It never gets old does it? Come to think of it though, I don’t know a single 20-year-old making less than $250K per year.

I’m not saying housing is going to turn around. I suspect a heavy price cut followed by a long flat period. But once the #s start to pencil out, I do see a lot of pent up demand buying in not as an investment, but to have a home.

That’s just what I see around me down here in the trenches of youth. 🙂

Let me know when you and your circle of 20 friends are ready to unleash that pent-up demand so I can jump in there and buy just before you. I certainly don’t want to be priced out foreva!

[TheBreeze]

Both my wife and I are steadily employed and have been for a long time. Monthly expenses total about ~$2k. Household income between $150-200k/yr, last year significantly better. We’ve been stockpiling cash for a long time.

I also own a profitable side business, where I re-invest all the profits.

Ahhhh … eballing. It never gets old does it? Come to think of it though, I don’t know a single 20-year-old making less than $250K per year.

I’m not saying housing is going to turn around. I suspect a heavy price cut followed by a long flat period. But once the #s start to pencil out, I do see a lot of pent up demand buying in not as an investment, but to have a home.

That’s just what I see around me down here in the trenches of youth. 🙂

Let me know when you and your circle of 20 friends are ready to unleash that pent-up demand so I can jump in there and buy just before you. I certainly don’t want to be priced out foreva!

[TheBreeze]

Both my wife and I are steadily employed and have been for a long time. Monthly expenses total about ~$2k. Household income between $150-200k/yr, last year significantly better. We’ve been stockpiling cash for a long time.

I also own a profitable side business, where I re-invest all the profits.

Ahhhh … eballing. It never gets old does it? Come to think of it though, I don’t know a single 20-year-old making less than $250K per year.

I’m not saying housing is going to turn around. I suspect a heavy price cut followed by a long flat period. But once the #s start to pencil out, I do see a lot of pent up demand buying in not as an investment, but to have a home.

That’s just what I see around me down here in the trenches of youth. 🙂

Let me know when you and your circle of 20 friends are ready to unleash that pent-up demand so I can jump in there and buy just before you. I certainly don’t want to be priced out foreva!

[Author]

Posts