| Author |
Message
|
| crazymonk |
 Posted: Sun Oct 08, 2006 2:08 pm Post subject: Will price come down in California? |
 |
|
Investing Sr. Associate
Joined: 01 Mar 2006
Posts: 51
This Month: 0
9886.39 e$
Net worth: 9,886.39
Portfolio Value: 0.00
Monthly Return: 0.00%
Trades this month: 0
Churn Rate: 0.00%Items
|
| We move away from California because of the ridiculous high price. However, we miss California's warm weather and good food, we want to move back. Recently, the house price stay stagnant since last year. Anyone have an idea if the price will go down, and what do you think how much decreasement? |
|
| Back to top |
|
 |
| nelaina |
| Posted: Sun Oct 08, 2006 5:23 pm Post subject: |
|
|
CFO
|
| dont know but i think its worth the higher price. california is a wonderful place to live...you can pay almost as much to live in New Jersey and who in their right mind would CHOOSE to live in New Jersey? |
|
| Back to top |
|
|
| Im Not Warren Buffett |
| Posted: Sun Oct 08, 2006 7:39 pm Post subject: |
|
|
CFO
|
| nelaina wrote: | | dont know but i think its worth the higher price. california is a wonderful place to live...you can pay almost as much to live in New Jersey and who in their right mind would CHOOSE to live in New Jersey? |
I'm not sure, I bailed as soon as the opportunity presented itself. As much as Wawas are great, the traffic, politicians, property taxes, poor air, etc. etc. all mean that I don't really like much about NJ. I think the only reason most people live there are because they work in Philadelphia or New York. Not that I'm trying to turn this into a bash-NJ thread.  |
|
| Back to top |
|
|
| marapets |
| Posted: Thu Oct 12, 2006 1:50 am Post subject: Will price come down in California? |
|
|
New Poster
Joined: 12 Oct 2006
Posts: 2
This Month: 0
6633.29 e$
Net worth: 6,633.29
Portfolio Value: 0.00
Monthly Return: 0.00%
Trades this month: 0
Churn Rate: 0.00%Items
|
its only a matter of time in my opinion  |
|
| Back to top |
|
|
| vetelmo |
| Posted: Thu Oct 12, 2006 6:07 am Post subject: |
|
|
Moderator
|
Well i live in California and Im thinking about moving up north to Oregon or Washington where I wouldn't make much less a year and the difference in home prices is unbelievable.
I live in Salinas right now (yes where this e-loci bullcrap is) and it's got gangs and the homes are not all that great but the medium price for homes in safer areas is about 600k. We pay $1,200 to rent a 2 bedroom apartment.
Up north rent for our apartment would be about $700 and homes go for around 150k-200k and I would only make about 4k-7k less per year.
Let's not forget that food, fuel and clothing cost more in California than most other places. Gas is about $2.65 here while I assume the rest of the country is much less. |
|
| Back to top |
|
|
| yandig |
| Posted: Thu Oct 12, 2006 8:59 am Post subject: |
|
|
Investing Manager
|
I've lived in Oregon for years. It's a great place to live. The rainfall is exaggerated by people who don't live here. We usually have pretty dry seasons, except for winter, which tends to be very wet.
Gas is expensive here, but gas prices are high in California, too. As the desirable places to live around the country become unaffordable, i think we'll see Oregon's home prices rise. My house has gained about 50% value in 3 years, and prices haven't really started dropping yet. |
|
| Back to top |
|
|
| stockmarkettips |
| Posted: Wed Nov 29, 2006 9:37 am Post subject: |
|
|
Investing Manager
|
| House prices are still up like 30% over what they were three years ago, but it looks like this year houses are staying on the market for a longer and longer period of time and prices are going down slowly but surely. I have a couple friends that bought just last year and are feeling the pain now as their home depreciates. |
|
| Back to top |
|
|
| Kiman4 |
| Posted: Sun Dec 03, 2006 6:25 am Post subject: |
|
|
Investing Sr. Associate
|
Maybe its possible that our home prices rise and fall with our gas prices
at about the same time we hit about 3.30 per gallon homes were ridiculously overpriced but now that they are falling i think the home market is doing better, so maybe we should give out free oil and see what happens to our prices  |
|
| Back to top |
|
|
| frusnak |
| Posted: Sun Dec 03, 2006 7:33 am Post subject: |
|
|
CFO
|
Great idea. I will offer free gasoline card along with my house when I try to sell.  |
|
| Back to top |
|
|
| Grimreaper |
| Posted: Sun Dec 03, 2006 8:03 am Post subject: |
|
|
CFO
|
| Kiman4 wrote: | Maybe its possible that our home prices rise and fall with our gas prices
at about the same time we hit about 3.30 per gallon homes were ridiculously overpriced but now that they are falling i think the home market is doing better, so maybe we should give out free oil and see what happens to our prices |
Oh it ain't da comin down that will git ya. It was what fokes did during the "going up" that'll get em since human nature is to spend frivolously when you get money you don't think you deserve. I already outlined what I would have done if my home value doubled in 3 years which is actually the case in my area. I would have taken ALL the gain out and then told da bank to take my house back fo da balance....just like trading a stock!  And I mean it!   BTW, save yer fry greese in case ya need it to fuel yer $30000 puddle jumpin chitbox zippity doo dah ZAP mobile in da future....in case things git tight on oil. |
|
| Back to top |
|
|
|
|
 |
| Kiman4 |
| Posted: Sun Dec 03, 2006 11:40 am Post subject: |
|
|
Investing Sr. Associate
|
anybody who bought land out here about 8 years ago must have really cashed in when everything was 3x cheaper
my house- bought 1997 200k
today- 500-600k |
|
| Back to top |
|
|
| Bootyshakerb |
| Posted: Thu Mar 08, 2007 3:31 pm Post subject: |
|
|
New Poster
Joined: 25 Feb 2007
Posts: 7
This Month: 0
1765.87 e$
Net worth: 1,765.87
Portfolio Value: 0.00
Monthly Return: 0.00%
Trades this month: 0
Churn Rate: 0.00%Items
|
| My advice is to buy lots of land along the new pacific coast. That being when California breaks away from the continent. |
|
| Back to top |
|
|
| wjmathewsx |
| Posted: Mon Aug 13, 2007 1:36 pm Post subject: |
|
|
Investing Associate
Joined: 01 Aug 2007
Posts: 24
This Month: 0
329.57 e$
Net worth: 8,730.90
Portfolio Value: 8,401.33
Monthly Return: 17.72%
Trades this month: 0
Churn Rate: 0.00%Items
|
|
| Back to top |
|
|
| vetelmo |
| Posted: Mon Aug 13, 2007 1:49 pm Post subject: |
|
|
Moderator
|
| Believe it or not there are idiots here paying 700K for homes near intermintent gang violence. |
|
| Back to top |
|
|
| Do5 |
| Posted: Tue Sep 11, 2007 2:26 am Post subject: |
|
|
Investing Sr. Associate
|
| I see why most mortgage brokers from CA are looking for stated income loans.... |
|
| Back to top |
|
|
|
|
stock market game on the web. At eInvesting you compete for monthly cash prizes while you interact, make virtual dollars, purchase items, and trade in the realistic stock market simulator. We make investing FUN!
