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March 13, 2011 at 10:28 AM in reply to: Recommend any sites to look at open houses in La Jolla? #677228March 13, 2011 at 10:28 AM in reply to: Recommend any sites to look at open houses in La Jolla? #677365
XBoxBoy
ParticipantSecond the suggestion of checking the La Jolla Light and Village News. You have boxes where you can pick them up for free all around the village.
Also, there are lots of open houses on saturdays lately, so drive around a bit on saturday.
March 13, 2011 at 10:28 AM in reply to: Recommend any sites to look at open houses in La Jolla? #677714ParticipantSecond the suggestion of checking the La Jolla Light and Village News. You have boxes where you can pick them up for free all around the village.
Also, there are lots of open houses on saturdays lately, so drive around a bit on saturday.
March 10, 2011 at 9:15 AM in reply to: What is a better investment? Buy a house or buy mutual funds/stocks, etc? #675566ParticipantI’m going to agree with Flu. If you are thinking of using the money to buy a house, do NOT put it in the stock market. There is just too much risk in that way.
Instead I would put it in FDIC insured accounts. You won’t get squat interest, but you won’t loose your principle.
If I were you, I’d take the attitude that you are in the driver’s seat. You put your money in FDIC insured accounts, start looking in carmel valley and pay close attention to what is going on. In my opinion, the carmel valley market is unlikely to change wildly one way or the other in the next couple of years. My guess would be a slow decline, but only a couple percent per year. Since you are looking to buy a place to live in for a number of years, then you should take your time, look at lots of houses, and only buy the one you really like. You might find that soon, or it might be a year or two before you find the one you like at the price you can afford. But if you have good credit, and some cash for a down payment, you are in the driver’s seat. Don’t let someone push you into doing anything sudden and definitely don’t put you money in anything that is not a guaranteed safe bet.
Just my take.
XBoxBoy
March 10, 2011 at 9:15 AM in reply to: What is a better investment? Buy a house or buy mutual funds/stocks, etc? #675621ParticipantI’m going to agree with Flu. If you are thinking of using the money to buy a house, do NOT put it in the stock market. There is just too much risk in that way.
Instead I would put it in FDIC insured accounts. You won’t get squat interest, but you won’t loose your principle.
If I were you, I’d take the attitude that you are in the driver’s seat. You put your money in FDIC insured accounts, start looking in carmel valley and pay close attention to what is going on. In my opinion, the carmel valley market is unlikely to change wildly one way or the other in the next couple of years. My guess would be a slow decline, but only a couple percent per year. Since you are looking to buy a place to live in for a number of years, then you should take your time, look at lots of houses, and only buy the one you really like. You might find that soon, or it might be a year or two before you find the one you like at the price you can afford. But if you have good credit, and some cash for a down payment, you are in the driver’s seat. Don’t let someone push you into doing anything sudden and definitely don’t put you money in anything that is not a guaranteed safe bet.
Just my take.
XBoxBoy
March 10, 2011 at 9:15 AM in reply to: What is a better investment? Buy a house or buy mutual funds/stocks, etc? #676233ParticipantI’m going to agree with Flu. If you are thinking of using the money to buy a house, do NOT put it in the stock market. There is just too much risk in that way.
Instead I would put it in FDIC insured accounts. You won’t get squat interest, but you won’t loose your principle.
If I were you, I’d take the attitude that you are in the driver’s seat. You put your money in FDIC insured accounts, start looking in carmel valley and pay close attention to what is going on. In my opinion, the carmel valley market is unlikely to change wildly one way or the other in the next couple of years. My guess would be a slow decline, but only a couple percent per year. Since you are looking to buy a place to live in for a number of years, then you should take your time, look at lots of houses, and only buy the one you really like. You might find that soon, or it might be a year or two before you find the one you like at the price you can afford. But if you have good credit, and some cash for a down payment, you are in the driver’s seat. Don’t let someone push you into doing anything sudden and definitely don’t put you money in anything that is not a guaranteed safe bet.
Just my take.
XBoxBoy
March 10, 2011 at 9:15 AM in reply to: What is a better investment? Buy a house or buy mutual funds/stocks, etc? #676372ParticipantI’m going to agree with Flu. If you are thinking of using the money to buy a house, do NOT put it in the stock market. There is just too much risk in that way.
Instead I would put it in FDIC insured accounts. You won’t get squat interest, but you won’t loose your principle.
If I were you, I’d take the attitude that you are in the driver’s seat. You put your money in FDIC insured accounts, start looking in carmel valley and pay close attention to what is going on. In my opinion, the carmel valley market is unlikely to change wildly one way or the other in the next couple of years. My guess would be a slow decline, but only a couple percent per year. Since you are looking to buy a place to live in for a number of years, then you should take your time, look at lots of houses, and only buy the one you really like. You might find that soon, or it might be a year or two before you find the one you like at the price you can afford. But if you have good credit, and some cash for a down payment, you are in the driver’s seat. Don’t let someone push you into doing anything sudden and definitely don’t put you money in anything that is not a guaranteed safe bet.
Just my take.
XBoxBoy
March 10, 2011 at 9:15 AM in reply to: What is a better investment? Buy a house or buy mutual funds/stocks, etc? #676716ParticipantI’m going to agree with Flu. If you are thinking of using the money to buy a house, do NOT put it in the stock market. There is just too much risk in that way.
Instead I would put it in FDIC insured accounts. You won’t get squat interest, but you won’t loose your principle.
If I were you, I’d take the attitude that you are in the driver’s seat. You put your money in FDIC insured accounts, start looking in carmel valley and pay close attention to what is going on. In my opinion, the carmel valley market is unlikely to change wildly one way or the other in the next couple of years. My guess would be a slow decline, but only a couple percent per year. Since you are looking to buy a place to live in for a number of years, then you should take your time, look at lots of houses, and only buy the one you really like. You might find that soon, or it might be a year or two before you find the one you like at the price you can afford. But if you have good credit, and some cash for a down payment, you are in the driver’s seat. Don’t let someone push you into doing anything sudden and definitely don’t put you money in anything that is not a guaranteed safe bet.
Just my take.
XBoxBoy
March 8, 2011 at 3:12 PM in reply to: Offer accepted on a unit, question about wood floors and noise. #674978ParticipantHow bad the noise will be depends on the neighbor above. I’ve rented apartments where the place above had hard wood floors and had to break the lease because their kids chased each other around the house for hours at a time. I’ve known others that have had similar problems. Keep in mind that even if the current neighbor above is quiet, they could always move away and a bad neighbor could move in. If it was up to me, I’d wait until I found a unit on the top floor if you think there’s a chance of that at all.
March 8, 2011 at 3:12 PM in reply to: Offer accepted on a unit, question about wood floors and noise. #675034ParticipantHow bad the noise will be depends on the neighbor above. I’ve rented apartments where the place above had hard wood floors and had to break the lease because their kids chased each other around the house for hours at a time. I’ve known others that have had similar problems. Keep in mind that even if the current neighbor above is quiet, they could always move away and a bad neighbor could move in. If it was up to me, I’d wait until I found a unit on the top floor if you think there’s a chance of that at all.
March 8, 2011 at 3:12 PM in reply to: Offer accepted on a unit, question about wood floors and noise. #675646ParticipantHow bad the noise will be depends on the neighbor above. I’ve rented apartments where the place above had hard wood floors and had to break the lease because their kids chased each other around the house for hours at a time. I’ve known others that have had similar problems. Keep in mind that even if the current neighbor above is quiet, they could always move away and a bad neighbor could move in. If it was up to me, I’d wait until I found a unit on the top floor if you think there’s a chance of that at all.
March 8, 2011 at 3:12 PM in reply to: Offer accepted on a unit, question about wood floors and noise. #675783ParticipantHow bad the noise will be depends on the neighbor above. I’ve rented apartments where the place above had hard wood floors and had to break the lease because their kids chased each other around the house for hours at a time. I’ve known others that have had similar problems. Keep in mind that even if the current neighbor above is quiet, they could always move away and a bad neighbor could move in. If it was up to me, I’d wait until I found a unit on the top floor if you think there’s a chance of that at all.
March 8, 2011 at 3:12 PM in reply to: Offer accepted on a unit, question about wood floors and noise. #676130ParticipantHow bad the noise will be depends on the neighbor above. I’ve rented apartments where the place above had hard wood floors and had to break the lease because their kids chased each other around the house for hours at a time. I’ve known others that have had similar problems. Keep in mind that even if the current neighbor above is quiet, they could always move away and a bad neighbor could move in. If it was up to me, I’d wait until I found a unit on the top floor if you think there’s a chance of that at all.
ParticipantJP,
Sorry to be so late to this post. It’s been a busy couple of days. I can certainly relate to your situation and your feelings. My wife and I bought a little over a year ago, mainly because I really couldn’t keep saying “just wait”. We’d had so many knockdown drag out fights about home ownership over the last 4-5 years that I just didn’t think we’d survive many more of them.
So has it been worth it? I’d have to say yes. Sure the value of our place has probably gone down some (maybe even 10%, who knows) but we aren’t planning on selling any time soon, and we can afford what we bought without struggle. On the up side, my wife is thrilled, and my step son is pretty happy too. Lots of little things can add up to a good bit of positive.
In the end, I’ve come to realize this isn’t really about making a successful investment, or buying at the bottom. It’s about getting on with my life as best I can under the circumstances.
Being the housing junkie for so long, I can tell you that I still watch the real estate listings every day, and while I’ve seen some other houses that are probably comparable to what we bought, nothing that knocks me over and says “oh wow! should have waited.” Yeah, there have been nicer places, but they’ve been more money than we wanted to spend. Yeah, there have been cheaper places, but honestly not nicer than what we bought. I suspect you too will watch the housing market, but whatever happens don’t let it get to you.
As to what will happen from here on out? I’m of the opinion that between the fed printing money and the banks playing games, the housing market doesn’t collapse much more. I could easily see five to ten years of gradual dwindling of prices, but just how long is it worth it to wait if prices are only dropping a couple percent a year? And what if we start to get inflation?
And bottom line to all this? You got a happy hubby, and a place to live. Go cherish that. Besides, even if the housing market tanks, I bet you don’t lose nearly as much as most of Bernie Madoff’s investors did. So, look on the bright side. (cue monty python stage left)
XboxBoy
ParticipantJP,
Sorry to be so late to this post. It’s been a busy couple of days. I can certainly relate to your situation and your feelings. My wife and I bought a little over a year ago, mainly because I really couldn’t keep saying “just wait”. We’d had so many knockdown drag out fights about home ownership over the last 4-5 years that I just didn’t think we’d survive many more of them.
So has it been worth it? I’d have to say yes. Sure the value of our place has probably gone down some (maybe even 10%, who knows) but we aren’t planning on selling any time soon, and we can afford what we bought without struggle. On the up side, my wife is thrilled, and my step son is pretty happy too. Lots of little things can add up to a good bit of positive.
In the end, I’ve come to realize this isn’t really about making a successful investment, or buying at the bottom. It’s about getting on with my life as best I can under the circumstances.
Being the housing junkie for so long, I can tell you that I still watch the real estate listings every day, and while I’ve seen some other houses that are probably comparable to what we bought, nothing that knocks me over and says “oh wow! should have waited.” Yeah, there have been nicer places, but they’ve been more money than we wanted to spend. Yeah, there have been cheaper places, but honestly not nicer than what we bought. I suspect you too will watch the housing market, but whatever happens don’t let it get to you.
As to what will happen from here on out? I’m of the opinion that between the fed printing money and the banks playing games, the housing market doesn’t collapse much more. I could easily see five to ten years of gradual dwindling of prices, but just how long is it worth it to wait if prices are only dropping a couple percent a year? And what if we start to get inflation?
And bottom line to all this? You got a happy hubby, and a place to live. Go cherish that. Besides, even if the housing market tanks, I bet you don’t lose nearly as much as most of Bernie Madoff’s investors did. So, look on the bright side. (cue monty python stage left)
XboxBoy
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