A few people in Seattle have asked me if this is the right time to buy a house. They don’t really want my answer. They want to buy and want me to agree with that decision. My needs and their needs are not the same. My goal (at this time) is to maximize investment, not [...]
Don’t blame me. It isn’t my fault your home price is plummeting, your 401K is getting rocked and your bank is in trouble. I’m just a student of financial history and saw things differently than the bubble-heads on CNBC. I still have a lot to learn and I’m often wrong (oil). However, it is starting [...]
Last fall I meet a good hearted nice fellow named Billy. Actually that is not his real name. I’m protecting his real name. Billy is a college graduate working a white-collar job. Billy is also a financial idiot and to me that is what makes him interesting.
Billy bought a condo that [...]
Every so often I’ll get asked when I am going to buy a house again. My response is not until after prices bottom. This is when I’m asked to give a date prediction. It’s not that easy. Instead of picking a future date, I have a rule set that will be my guideline.
Supply of inventory [...]
One of the criticisms I received for selling my house in 2006 and going into the rental market was that I wouldn’t be building equity. Yes that is true. As a renter I wouldn’t have the opportunity to build equity. However, my goal was not to build equity. It was to [...]
Almost a year ago, I responded to a question posted on the SanDiegoBlog web site. From San Diego Real Estate Prices - Done Rising?:
What are your thoughts on the San Diego real estate market? Can we expect that prices will level (have they already?) or decline in 2007?
Instead of responding with emotion or even [...]
After being on the market for almost a full year, our house sold in early 2006. When we first listed the house I wasn’t aware that the housing market was nearing a top. After a month, I started to do some research. I read a few books and thousands of articles and blogs. I studied [...]
Almost a month ago I announced that I would be selling RanchoSanPasqual.org. I created the RSP site to help sell my house. My house sold. Now it’s time to reduce my commitment to this site. I have other projects that are more important.
The problem I discovered is that nobody wants to buy it.
The site would [...]
Last September I commented on how I was glad I sold my house already. Things in my old neighborhood of Rancho San Pasqual have gotten worse.
Just one month ago there were 18 properties for sale. A few went into pending status, a few gave up and one more person put their home on the [...]
From Wikipedia:
In Greek mythology, Cassandra was a daughter of King Priam and Queen Hecuba of Troy whose beauty caused Apollo to grant her the gift of prophecy. However, when she did not return his love, Apollo placed a curse on her so that no one would ever believe her predictions.
In March 2006, over the course [...]
