tag:blogger.com,1999:blog-18675105.post114859778184480519..comments2023-12-30T10:06:37.450+00:00Comments on HousingPANIC - The Housing Bubble Blog with an Attitude Problem, 2005 - 2008: "San Diego renters getting an amazing deal"bloggerhttp://www.blogger.com/profile/06585266242070350399noreply@blogger.comBlogger20125tag:blogger.com,1999:blog-18675105.post-1154870914768268262006-08-06T14:28:00.000+01:002006-08-06T14:28:00.000+01:00Hi Blogger, I found your blog quite informative.I ...Hi Blogger, I found your blog quite informative.<BR/>I just came across your blog and wanted to<BR/>drop you a note telling you how impressed I was with it.<BR/>I give you my best wishes for your future endeavors.<BR/>If you have a moment, please visit my <A HREF="http://www.insurance-center.ws" REL="nofollow">buy car cheap insurance</A> site.<BR/>Have a great week!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1154110921693810002006-07-28T19:22:00.000+01:002006-07-28T19:22:00.000+01:00I was searching blogs,and I found yours.Please,acc...I was searching blogs,and I found yours.Please,<BR/>accept my congratulations for your excellent work!<BR/>If you have a moment, please visit my <A HREF="http://www.games-center.ws" REL="nofollow">toys r us baby registy</A> site. <BR/>Have a good day!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1153118168719490802006-07-17T07:36:00.000+01:002006-07-17T07:36:00.000+01:00Hello Friend! I just came across your blog and wan...Hello Friend! I just came across your blog and wanted to<BR/>drop you a note telling you how impressed I was with <BR/>the information you have posted here.<BR/>Keep up the great work, you are providing a great resource on the Internet here!<BR/>If you have a moment, please make a visit to my <A HREF="http://www.loans-center.biz" REL="nofollow">australia bad credit loan personal</A> site.<BR/>Good luck in your endeavors!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1152385515469577952006-07-08T20:05:00.000+01:002006-07-08T20:05:00.000+01:00they were in Santa Monica CA (LA) Not San Diego.they were in Santa Monica CA (LA) Not San Diego.Metroplexualhttps://www.blogger.com/profile/14292504988481464302noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1149325549987982912006-06-03T10:05:00.000+01:002006-06-03T10:05:00.000+01:00Nothing beats a good blogging trip, but I think I ...Nothing beats a good blogging trip, but I think I have to get back to work on my own <A HREF="http://www.boca-eastbrooke.com/" REL="nofollow"> real estate </A> sites. May as well stop on a high note, which your blog seems to be. Thanks for the read. Visit <A HREF="http://www.boca-eastbrooke.com/" REL="nofollow"> my site </A> if you have a chance.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1148689440835955412006-05-27T01:24:00.000+01:002006-05-27T01:24:00.000+01:00I live in a 1.8 million dollar home and pay 3k in ...I live in a 1.8 million dollar home and pay 3k in rent. Do THAT math! If this house sold today, the property tax, homeowners insurance and assoc. fees would just about equal my rent!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1148678007254826512006-05-26T22:13:00.000+01:002006-05-26T22:13:00.000+01:00"My whole generation is SOL...most of us missed th..."My whole generation is SOL...most of us missed the biggest housing boom ever and the ones who didn't bought a house that will send them into bankruptcy. It sucks wishing for a crash, but it's the ONLY WAY for people aged 24-34 to buy a place without risking our future."<BR/><BR/>Are you serious? You'll have MORE opportunities than any generation in history. The boomers are retiring so there will be lots of cushy jobs that can't be outsourced opening up. They'll also be going bankrupt and dying soon and leaving all their absurdly overpriced toys, vacation homes, etc. around for the taking. Unlike them, you understand technology so you'll be able to live anywhere you want instead of having to go to an office in a city every day. Unlike them, you'll understand the degree of the boom bust nature of the new economy so you'll be able to profit from booms AND busts. Traders love instability; investors hate it. You'll be the trader generation. The biggest problem with twenty-somethings I see (and I spend quite a bit of time with them at a university) is a lack of basic education. Universities stopped teaching a couple of decades ago and rigor was replaced by the self-esteem religion. If you can overcome that, be a bit opportunistic while maintaining your ideals, you'll do fabulously well.... Oh yeah, sea levels will rise significantly, storms will wreak havoc, and Bu$hco has pretty much guaranteed WMD attacks on major US cities... but you'll deal with it.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1148677535829975242006-05-26T22:05:00.000+01:002006-05-26T22:05:00.000+01:00Here in Westlake Village, CA there are several 4-b...Here in Westlake Village, CA there are several 4-bedroom homes on the market listed at $950K-$1.15M and a 4-bedroom rental in the same neighborhood that has been empty for a while. Asking rent is $3000/month and they'll probably take $2800 or so. Anybody care to do the math?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1148668490359484982006-05-26T19:34:00.000+01:002006-05-26T19:34:00.000+01:00I love the picture of Three's Company. . .NOW here...I love the picture of Three's Company. . .<BR/><BR/>NOW here is another thought. . .if people start to double and tripple up to pay mortgages, the number of households will decrease. We saw this during the dotcom meltdown in the Bay Area - people moved out of their aparments and condos and slept on sofas in friends apartments. . .the friends were glad to have the extra income. . .this means more rentals on the market, and fewer households to buy new homes.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1148666435016765302006-05-26T19:00:00.000+01:002006-05-26T19:00:00.000+01:00San Diego appreciation has avearage only 5% in the...San Diego appreciation has avearage only 5% in the past 2 years. <BR/><BR/>This is a great website to find info for the area:<BR/><BR/> http://piggington.com/Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1148666146675600042006-05-26T18:55:00.000+01:002006-05-26T18:55:00.000+01:00"My whole generation is SOL...most of us missed th..."My whole generation is SOL...most of us missed the biggest housing boom ever and the ones who didn't bought a house that will send them into bankruptcy. It sucks wishing for a crash, but it's the ONLY WAY for people aged 24-34 to buy a place without risking our future. BURN, BABY, BURN!!! "<BR/><BR/>My thoughts exactly Anon. I too am in that age group and had just started my "high" paying job in San Diego when the housing boom took off. I will be forever priced out of the market (or so says my baby boomer idiot father) whoa is me. I just have one question...who's going to buy your overpriced s--tbox house and the other 2 properties you own when you retire in 3-5 years?? There aren't enough of us to go around. This will all end badly in a few years. Just wait...Meanwhile, my rent just went up $20, the first increase in 2 years and I locked in another lease for 9 months in my 2 bed, 2 bath townhome with a backyard for my dog, 5 minutes from work in La Jolla. I can't really complain.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1148661331758664262006-05-26T17:35:00.000+01:002006-05-26T17:35:00.000+01:00San Diego is at the heart of riduculousness - we h...San Diego is at the heart of riduculousness - we have the lowest wages, smallest companies, and most illegal immigrants in the most highly inflated housing market. My whole generation is SOL...most of us missed the biggest housing boom ever and the ones who didn't bought a house that will send them into bankruptcy. It sucks wishing for a crash, but it's the ONLY WAY for people aged 24-34 to buy a place without risking our future. BURN, BABY, BURN!!!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1148659419465039182006-05-26T17:03:00.000+01:002006-05-26T17:03:00.000+01:00I'm from San Diego. I pay 1300/mo for a completely...I'm from San Diego. I pay 1300/mo for a completely renovated and remodeled 2/2 condo (granite, crown molding, plush carpet, custom paint, new appliances, pool, spa, fitness room, clubhouse, free cable, etc.) Just yesterday I got a "why rent when you can buy?" flyer that said I can get into a 1/1 for about 1500/mo and I'm sure that's with all kinds of creative financing and doesn't include the HOA fees and property tax. I want a house of my own but I'm young I can wait.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1148655152050651162006-05-26T15:52:00.000+01:002006-05-26T15:52:00.000+01:00In Three's Company, Jack Tripper was originally fr...In Three's Company, Jack Tripper was originally from San Diego. They make references to it frequently. Great pic!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1148629272014478252006-05-26T08:41:00.000+01:002006-05-26T08:41:00.000+01:00i should watch out for sadistic realtors?i should watch out for sadistic realtors?bloggerhttps://www.blogger.com/profile/06585266242070350399noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1148624305050281002006-05-26T07:18:00.000+01:002006-05-26T07:18:00.000+01:00Another parallel with the 80's housing boom ...Whi...Another parallel with the 80's housing boom ...<BR/><BR/>While flipping through television listings, I noticed that a movie called "Open House" (a late 80s horror flick) has been added to the rotation. Apparently, it's timely again.<BR/><BR/>Open House: A Los Angeles radio therapist and his real-estate agent girlfriend (Adrienne Barbeau)hear from a slasher with a housing problem.<BR/><BR/>IMDB User Comment: A serial killer kills wealthy real estate agents in weird, sadistic manners whilst complaining about the injustice of such people in society on the radio to an over-confident radio psychologist....<BR/><BR/><BR/>Replace "radio" with "blog" and "radio psychologist" with "blogger" and this movie would hit very close to home.BubbleAnalysthttps://www.blogger.com/profile/02870399138092404110noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1148612576308899642006-05-26T04:02:00.000+01:002006-05-26T04:02:00.000+01:00Now THERE'S a way to make that high mortgage payme...Now THERE'S a way to make that high mortgage payment....you and two chicks all chip in. I'm pretty sure none of those three would understand the problems with an option ARM, especially Suzanne Somers.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1148612177624814152006-05-26T03:56:00.000+01:002006-05-26T03:56:00.000+01:00Hey, wait a minute, Jack Tripper lived in Santa Mo...Hey, wait a minute, Jack Tripper lived in Santa Monica, not San Diego. Just showing my true geekdom.<BR/><BR/>I rent outside of Phoenix for about half of the carrying costs for the house at current "prices." Or rather, the peak late 2005 prices. On a positive note, the owner is not a f'd borrower because he bought 4 years ago and never heloced. <BR/><BR/>I plan to buy again when the bubble fallout has cleared; hopefully in '07.AnonyRusshttps://www.blogger.com/profile/06660819112305633920noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1148603739122611422006-05-26T01:35:00.000+01:002006-05-26T01:35:00.000+01:00Here is Florida The numbers are a bit different$50...Here is Florida The numbers are a bit different<BR/><BR/>$500,000 homes 6.6% apr 35% fed tax rate -- Rent $2,100/ month<BR/><BR/>Principle $ 443<BR/>Mort Int. $2,750<BR/>Prop. Tax $ 950<BR/>Insurance $ 250<BR/>HOA $ 150<BR/>Mort Deduct $1,000<BR/>Monthy Cost $3,540<BR/><BR/>Owner Pays $1,440 - $440 Principal Pmt= $1,000 extra per month than renter = $12,000 per yearAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1148599729427257742006-05-26T00:28:00.000+01:002006-05-26T00:28:00.000+01:00I guess the more times it is explained and the mor...I guess the more times it is explained and the more WAYS it's explained the more people will understand. <BR/><BR/>And, once they understand, they can choose to buy or not to buy based on the REAL costs and benefits rather than the BS that has propelled this insanity to where we are today.Anonymousnoreply@blogger.com