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Waiting to feel the magicParticipant
I did exactly the same thing almost a year ago. I bought a normal sale and paid a price that was reasonable at that particular moment – a price I knew would not hold up over even 6 months or a year.
Like you I kept waiting for prices to correct more, but it just wasn’t happening.
I was hitting the SS and REO’s hard trying to find a deal. There were very few deals out there, and you had to be able to wait out the crazy SS process or deal with the idiot banks as they asked stupidly high prices and then let a property sit for months while it didn’t sell. I saw two properties that I had been actively pursuing, and then finally gave up on when I bought my current home, eventually go for prices that where below what I had offered. It’s just insane.
The whole thing seems broken to me. Now I’m in the same boat was other home owners in hoping prices don’t dip too much more in the next few years.
Waiting to feel the magicParticipantI did exactly the same thing almost a year ago. I bought a normal sale and paid a price that was reasonable at that particular moment – a price I knew would not hold up over even 6 months or a year.
Like you I kept waiting for prices to correct more, but it just wasn’t happening.
I was hitting the SS and REO’s hard trying to find a deal. There were very few deals out there, and you had to be able to wait out the crazy SS process or deal with the idiot banks as they asked stupidly high prices and then let a property sit for months while it didn’t sell. I saw two properties that I had been actively pursuing, and then finally gave up on when I bought my current home, eventually go for prices that where below what I had offered. It’s just insane.
The whole thing seems broken to me. Now I’m in the same boat was other home owners in hoping prices don’t dip too much more in the next few years.
Waiting to feel the magicParticipantI did exactly the same thing almost a year ago. I bought a normal sale and paid a price that was reasonable at that particular moment – a price I knew would not hold up over even 6 months or a year.
Like you I kept waiting for prices to correct more, but it just wasn’t happening.
I was hitting the SS and REO’s hard trying to find a deal. There were very few deals out there, and you had to be able to wait out the crazy SS process or deal with the idiot banks as they asked stupidly high prices and then let a property sit for months while it didn’t sell. I saw two properties that I had been actively pursuing, and then finally gave up on when I bought my current home, eventually go for prices that where below what I had offered. It’s just insane.
The whole thing seems broken to me. Now I’m in the same boat was other home owners in hoping prices don’t dip too much more in the next few years.
Waiting to feel the magicParticipantI did exactly the same thing almost a year ago. I bought a normal sale and paid a price that was reasonable at that particular moment – a price I knew would not hold up over even 6 months or a year.
Like you I kept waiting for prices to correct more, but it just wasn’t happening.
I was hitting the SS and REO’s hard trying to find a deal. There were very few deals out there, and you had to be able to wait out the crazy SS process or deal with the idiot banks as they asked stupidly high prices and then let a property sit for months while it didn’t sell. I saw two properties that I had been actively pursuing, and then finally gave up on when I bought my current home, eventually go for prices that where below what I had offered. It’s just insane.
The whole thing seems broken to me. Now I’m in the same boat was other home owners in hoping prices don’t dip too much more in the next few years.
June 28, 2010 at 8:42 AM in reply to: anything wrong with this property on Benavente St. in PQ? #572519Waiting to feel the magicParticipantGood catch on the Montril comp regarding the freeway. Yes, the Montril comp is on the non-freeway side. Noise level does make a difference, so you’d have to go check it out yourself.
June 28, 2010 at 8:42 AM in reply to: anything wrong with this property on Benavente St. in PQ? #572613Waiting to feel the magicParticipantGood catch on the Montril comp regarding the freeway. Yes, the Montril comp is on the non-freeway side. Noise level does make a difference, so you’d have to go check it out yourself.
June 28, 2010 at 8:42 AM in reply to: anything wrong with this property on Benavente St. in PQ? #573127Waiting to feel the magicParticipantGood catch on the Montril comp regarding the freeway. Yes, the Montril comp is on the non-freeway side. Noise level does make a difference, so you’d have to go check it out yourself.
June 28, 2010 at 8:42 AM in reply to: anything wrong with this property on Benavente St. in PQ? #573232Waiting to feel the magicParticipantGood catch on the Montril comp regarding the freeway. Yes, the Montril comp is on the non-freeway side. Noise level does make a difference, so you’d have to go check it out yourself.
June 28, 2010 at 8:42 AM in reply to: anything wrong with this property on Benavente St. in PQ? #573523Waiting to feel the magicParticipantGood catch on the Montril comp regarding the freeway. Yes, the Montril comp is on the non-freeway side. Noise level does make a difference, so you’d have to go check it out yourself.
Waiting to feel the magicParticipantLived in the area for many years. I really liked it overall. Housing is about half the cost of San Diego. Great tax situation if you live and work just over the river in WA (no state income tax in WA, no sales tax in OR). Friendly place, some beautiful, open spaces, Portland is a good size town so there’s stuff to do, and Seattle is just 2.5 hours north if you need a really big city.
The biggest negative is the weather if you’re comparing it to San Diego. The rain starts sometime in October and doesn’t really finish up until June. If it’s not raining it’s still probably cloudy and gray. Lots of people have those light boxes to combat SAD. July, August, and the first part of September are usually fantastic. It might snow once a year, but it’s not a big deal. The city kind of slows down for a day or two. Ice storms, which happen every couple of years, are a bigger deal and completely shut every thing down.
The other big negative is that the job situation there is very poor if you’re a technical person. I can’t speak to other professions, but in engineering there’s just not much. Of the decent paying jobs it’s basically Intel. HP (in WA across the river) used to be a big presence, but not any more. Tektronix is a shadow of its former self. You pretty quickly get down to jobs that pay 60-70% of what a HP/Intel job would pay. When you do the math the fact that housing is less doesn’t make up for the massive pay cut.
Good luck.
Waiting to feel the magicParticipantLived in the area for many years. I really liked it overall. Housing is about half the cost of San Diego. Great tax situation if you live and work just over the river in WA (no state income tax in WA, no sales tax in OR). Friendly place, some beautiful, open spaces, Portland is a good size town so there’s stuff to do, and Seattle is just 2.5 hours north if you need a really big city.
The biggest negative is the weather if you’re comparing it to San Diego. The rain starts sometime in October and doesn’t really finish up until June. If it’s not raining it’s still probably cloudy and gray. Lots of people have those light boxes to combat SAD. July, August, and the first part of September are usually fantastic. It might snow once a year, but it’s not a big deal. The city kind of slows down for a day or two. Ice storms, which happen every couple of years, are a bigger deal and completely shut every thing down.
The other big negative is that the job situation there is very poor if you’re a technical person. I can’t speak to other professions, but in engineering there’s just not much. Of the decent paying jobs it’s basically Intel. HP (in WA across the river) used to be a big presence, but not any more. Tektronix is a shadow of its former self. You pretty quickly get down to jobs that pay 60-70% of what a HP/Intel job would pay. When you do the math the fact that housing is less doesn’t make up for the massive pay cut.
Good luck.
Waiting to feel the magicParticipantLived in the area for many years. I really liked it overall. Housing is about half the cost of San Diego. Great tax situation if you live and work just over the river in WA (no state income tax in WA, no sales tax in OR). Friendly place, some beautiful, open spaces, Portland is a good size town so there’s stuff to do, and Seattle is just 2.5 hours north if you need a really big city.
The biggest negative is the weather if you’re comparing it to San Diego. The rain starts sometime in October and doesn’t really finish up until June. If it’s not raining it’s still probably cloudy and gray. Lots of people have those light boxes to combat SAD. July, August, and the first part of September are usually fantastic. It might snow once a year, but it’s not a big deal. The city kind of slows down for a day or two. Ice storms, which happen every couple of years, are a bigger deal and completely shut every thing down.
The other big negative is that the job situation there is very poor if you’re a technical person. I can’t speak to other professions, but in engineering there’s just not much. Of the decent paying jobs it’s basically Intel. HP (in WA across the river) used to be a big presence, but not any more. Tektronix is a shadow of its former self. You pretty quickly get down to jobs that pay 60-70% of what a HP/Intel job would pay. When you do the math the fact that housing is less doesn’t make up for the massive pay cut.
Good luck.
Waiting to feel the magicParticipantLived in the area for many years. I really liked it overall. Housing is about half the cost of San Diego. Great tax situation if you live and work just over the river in WA (no state income tax in WA, no sales tax in OR). Friendly place, some beautiful, open spaces, Portland is a good size town so there’s stuff to do, and Seattle is just 2.5 hours north if you need a really big city.
The biggest negative is the weather if you’re comparing it to San Diego. The rain starts sometime in October and doesn’t really finish up until June. If it’s not raining it’s still probably cloudy and gray. Lots of people have those light boxes to combat SAD. July, August, and the first part of September are usually fantastic. It might snow once a year, but it’s not a big deal. The city kind of slows down for a day or two. Ice storms, which happen every couple of years, are a bigger deal and completely shut every thing down.
The other big negative is that the job situation there is very poor if you’re a technical person. I can’t speak to other professions, but in engineering there’s just not much. Of the decent paying jobs it’s basically Intel. HP (in WA across the river) used to be a big presence, but not any more. Tektronix is a shadow of its former self. You pretty quickly get down to jobs that pay 60-70% of what a HP/Intel job would pay. When you do the math the fact that housing is less doesn’t make up for the massive pay cut.
Good luck.
Waiting to feel the magicParticipantLived in the area for many years. I really liked it overall. Housing is about half the cost of San Diego. Great tax situation if you live and work just over the river in WA (no state income tax in WA, no sales tax in OR). Friendly place, some beautiful, open spaces, Portland is a good size town so there’s stuff to do, and Seattle is just 2.5 hours north if you need a really big city.
The biggest negative is the weather if you’re comparing it to San Diego. The rain starts sometime in October and doesn’t really finish up until June. If it’s not raining it’s still probably cloudy and gray. Lots of people have those light boxes to combat SAD. July, August, and the first part of September are usually fantastic. It might snow once a year, but it’s not a big deal. The city kind of slows down for a day or two. Ice storms, which happen every couple of years, are a bigger deal and completely shut every thing down.
The other big negative is that the job situation there is very poor if you’re a technical person. I can’t speak to other professions, but in engineering there’s just not much. Of the decent paying jobs it’s basically Intel. HP (in WA across the river) used to be a big presence, but not any more. Tektronix is a shadow of its former self. You pretty quickly get down to jobs that pay 60-70% of what a HP/Intel job would pay. When you do the math the fact that housing is less doesn’t make up for the massive pay cut.
Good luck.
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