Brian
Posts:2602
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| 04/22/2008 9:29 AM |
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People have said that quality Bosa Buildings keep in increasing in prices while the low-quality buildings will lose value.
Buy a quality place and hold it for the "long run" they said.
Protect yourself from future rent increases they said again. The sacrifices you make in paying ownership premiums today will pay off in the future.
Here's the future.
http://www.sdlookup.com/Property-FDA81D88-1205_Pacific_Hwy_1405_San_Diego_CA_92101#19885
Wait, my rent has been dropping!!! For the same rent I'm able to get better apartments in new buildings just coming onto the market. I get to enjoy the view, while the owner makes the payments. I'm a happy camper ;)
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Brian
Posts:2602
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Brian
Posts:2602
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| 04/27/2008 11:26 PM |
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Here's another one that is defaulted on taxes:
1205 Pacific Hwy #702
San Diego, CA 92101
Some Realtors would argue that some homeowners would rather have a tax lien because they can "invest" the money somewhere else and make more...... Like the owner of a condo "valued" at $900,000 would rather have a tax lien to invest an extra $4,913.00. It's an automatic 10% penalty + Interest. You would need to make 20% to be worth it... and even if you could... For what? To make a couple hundreds more per year?
http://www.sdlookup.com/Property-D73CE5AE-1205_Pacific_Hwy_702_San_Diego_CA_92101#20270
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Brian
Posts:2602
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Boondoggler
Posts:26
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| 04/28/2008 1:22 PM |
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| Huh, a whole thread in which the only poster is this Brian dude. The credibility of this site has collapsed in my opinion. Doesn't this poor soul have a life beyond posting gloating comments and restating the same point over and over again? He seems a little bitter to me. |
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stella
Posts:361
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| 04/28/2008 2:11 PM |
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| I will say that most people have "moved on" past the housing bubble. Personally I'm looking forward to a more normalized situation and resumed development as I do like to see the city grow. Getting these vacant condos filled with people is going to really help grow the cultural and retail boom that should follow. |
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ElPato
Posts:378
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| 04/28/2008 2:13 PM |
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>> The credibility of this site has collapsed in my opinion.
Hmmm, why is that? I'd say Brian is telling the truth. He has facts to back his assertions. If there were not facts, he would not be credible. In my opinion, Brian is quite knowledgeable and very credible.
>> Doesn't this poor soul have a life beyond posting gloating comments and restating the same point over and over again?
For nearly a decade, I had to listen to realtors and other REIC shills babble about what a great time it is to buy property. No one told them to shut up or that they lacked credibility. No one grew tired of their gloating and "restating the same point over and over again" about what a great time it is to buy real estate.
So what's different now Boondoggler? Methinks you don't like the message, so you pick on the messenger?
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Boondoggler
Posts:26
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| 04/28/2008 3:23 PM |
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ElPato:
Stella makes a good point about moving on. I don't disagree that the market has tanked, but if you are saying you are doing it to get your own back on realtors (which you seem to be) then, yes, the site lacks credibility. Stella is right. We want to see the city grow. We got the message a long time ago and nobody with any sense currently thinks real estate is a good short term investment. But you and others seem to want to punish everybody for making the decision that they want to own their own home and invest in the future of San Diego. Will you be satisfied when San Diego is once again an economic backwater? Is it because you too are unable to afford a home that you take your frustration out through this site? Yes, everyone has an ax to grind, but I am open to all views. It's just tedious and unhelpful when someone asks a simple question on here and you all pile in with the same comments and undermine them. Perhaps you won't be to be happy until you have dragged everyone down into the negative, depressed, and bitter state that you express on this site.
There are some big problems in the system, which for all our sakes need to get sorted out. This will take time. But I am still betting on our city and hoping everybody will come out of it ok. Unlike some people on this site, I take no delight in seeing an economy collapse. I agree that speculators and pushers of bad mortgages deserve no sympathy for the mess they have caused. However, I know the power of negative thought and poisoned pens. I think you are doing our great city a big disservice. |
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rentingman
Posts:447
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| 04/28/2008 3:56 PM |
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Boondoggler
So in your opinion for SD to be an economic magnet it needs unaffordable housing prices. Is it not possible a quicker and steeper drop in home prices to levels working people could afford would drive residents to SD? Clearly based on net migration statistics provided by the Census high prices drove people out of town. Low prices will not create a "backwater" but rather a flood of new residents and businesses to support them. I moved away (for reasons other than housing), but falling home prices reduce hurdles for me moving back one day in the future. I have a Masters degree. I guess you would still consider me backwater (I mean I am not a know all mortgage broker). Once prices fall to be inline with rents (not Oklahoma prices) those units will fill up and Stella will be happy.
How quick do you want the units filled? |
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Brian
Posts:2602
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| 04/28/2008 4:27 PM |
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>>> but if you are saying you are doing it to get your own back on realtors (which you seem to be) then, yes, the site lacks credibility. Stella is right. We want to see the city grow.
Well, schadenfrude and retribution is a normal human reaction. Punishment is part of our legal and social system. That's why we put people in prison.
It's not possible to "move-on" without retribution. Don't you watch the local news? The crying victims always want retribution in order to move on. Everyone feels sympathy for them and chant, "yeah, we want justice (retribution)"
>>> But you and others seem to want to punish everybody for making the decision that they want to own their own home and invest in the future of San Diego.
They punished themselves when they bought houses they could not afford. On side side of their mouths, they talked about buying for the longer term... but they can't even hold for 3 years. That's the point I'm trying to make. They lied to everyone in order to puff-up their own "investments" so they could bail. Unfortunately, it back-fired.
The only homeowners I feel sorry for are those who were too naive to think for themselves (the recent immigrants and those with low-education). But if you're a professional and bought into the hype, then it's your own fault... Stop the crocodile tears and take responsibility for your own actions.
>>> Is it because you too are unable to afford a home that you take your frustration out through this site? Yes, everyone has an ax to grind, but I am open to all views.
I can afford a house just fine.. I rent a beautiful condo for 1/2 the cost of purchase... It's nice that the owner is helping support my lifestyle. :) I say a prayer of gratitude everyday for my landlord-investor.
>>> It's just tedious and unhelpful when someone asks a simple question on here and you all pile in with the same comments and undermine them.
I've provided facts to support that prices were decreasing... People like Goingup? keep saying that prices will double without any numbers or dollar-and-cents example to back-up their claims.
>>> Perhaps you won't be to be happy until you have dragged everyone down into the negative, depressed, and bitter state that you express on this site.
Depressed? Who's depressed? I'm quite happy to be able to afford housing that the owner helps pay for.
It good that the market is returning to fundamental sustainable levels. What's not to like about that? If your were positive, as you say, you would see the bright sides of this real estate correction.
>>> There are some big problems in the system, which for all our sakes need to get sorted out. This will take time.
Are you working to fix the problems? Are the Realtors groups working to put order into their own house? Why do they allow re-listings and obfuscation against their own rules? My posts here are to bring such shenanigans to light.
>>> But I am still betting on our city and hoping everybody will come out of it ok. Unlike some people on this site, I take no delight in seeing an economy collapse.
Good for you... When you are amply rewarded, will you share your good fortune with they people who can't afford to live in San Diego? Remember, a healthy economy depends on having good productive labor who will generate real economic output. Real estate appreciation is not the real economy.
>>> I agree that speculators and pushers of bad mortgages deserve no sympathy for the mess they have caused.
I don't see the real estate organizations spending their lobby dollars on real reform... All they want is a bailout. They want all of us to pay for their mistakes.
Did anyone go to prison? I know one broker was just sentenced to 3 months for obtaining over $1 million in commissions through fraud. Give me $1 million and I'll be happy to go to prison-camp for 3 months.
We put Wal-Mart shoplifters in jail, but people who borrow-and-walk get tax amnesty. Great system..
>>> However, I know the power of negative thought and poisoned pens. I think you are doing our great city a big disservice.
The market doesn't care what we said on this site... When the numbers make sense, the market will improve.
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Boondoggler
Posts:26
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| 04/28/2008 9:32 PM |
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| I am not really concerned about the price level of homes in San Diego. The market is the market and there's success to be had whatever state it's in. What gets on my nerves is the repetitive drip drip drip of Brian's caustic opinions that give nobody else any space to to have a conversation on this site without his filling the thread with a ton of drivel-like responses. He doesn't believe in quality of post, just quantity. He creates so much noise that you can't find anything of quality in the forum. |
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Brian
Posts:2602
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| 04/28/2008 9:45 PM |
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| Boondoggler, start your own threads. I promise, I won't post on them. |
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dipr
Posts:19
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| 04/29/2008 5:04 AM |
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boondoggler reminds me of a joke:
Jake says "Hey that guy over there hasn't done anything all day but sit there!"
John says "Are you sure?"
Jake says "Yes, I've been sitting here watching him!" |
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ElPato
Posts:378
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| 04/29/2008 10:01 AM |
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Boondoggler:
>> But you and others seem to want to punish everybody for making the decision that they want to own their own home and invest in the future of San Diego.
No, you're missing it. My point is education. Attitudes change slowly. There is still a lot of mis-information out there. Prices are still dangerously too high. The REIC advertisers are out there spewing "good time to buy" propoganda. Little old me is over here typing away at my keyboard and pointing out facts and data. Data will save you. Propoganda will kill you.
>>Will you be satisfied when San Diego is once again an economic backwater?
Well I've been here since it was a backwater, so I know what that felt like. But no, thats not my goal. I would like to see sustainable, sensible growth. That is not happening.
>> Is it because you too are unable to afford a home that you take your frustration out through this site?
I bought in 1996. I still own and live in it. I may buy again when prices hit bottom. We ain't even close. Reaching back in history, I'd say it feels like 1992: and 1993 and 1994 were brutal. Prices didn't bottom until 1996.
>> But I am still betting on our city and hoping everybody will come out of it ok.
We may. But again to my point, a debt slave is not a happy person. A person who can afford their house, and have enough extra dough to live their life, is what I hope for. Which is why I keep pointing out we are no where near bottom in this cycle. |
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Brian
Posts:2602
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| 04/29/2008 10:26 AM |
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>>> Little old me is over here typing away at my keyboard and pointing out facts and data. Data will save you. Propoganda will kill you.
If the REIC is afraid of what we type then... things my be pretty bad..
El Pato, I'm very much in agreement with what you said... I made a big mistake and first bought in 1989 and still own that house. I won't make that same mistake twice. It was a life lesson that has served me very well.
I agree that it feels like 1992... Perhaps 1990 in Carmel Valley. We still have a long to go. I laugh when people say it's time to buy now. |
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Brian
Posts:2602
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Brian
Posts:2602
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dangerkitty
Posts:25
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| 05/01/2008 3:12 PM |
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Dear Boondoggler,
I have used this website for a number of months and I have found many people posting regarding a number of topics. I post only when my conscience compels me... I find Brian's posts to be informative and helpful. I am sorry that you do not. Lets try this! The next time you disagree with a posting, reply with your informed opinion regarding the topic. Leave the personal attacks or criticism out. It makes for better reading. Thanks!
p.s. Boondoggler>>>>" It's just tedious and unhelpful when someone asks a simple question on here and you all pile in with the same comments and undermine them..." I promise that next time, I will post in reply to your topic if I agree with your perspective in an attempt to validate you. |
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Brian
Posts:2602
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jpinpb
Posts:1684
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| 05/12/2008 1:13 PM |
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Do 1/1 rent for 2100 for real??!!
http://sandiego.craigslist.org/csd/apa/677886866.html |
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