“REAR UNIT NOT INCLUDED in sqft” - Campbell
207 N Central Ave, Campbell 95008
$899,888
* Status: Active
* Bedroom: 3
* Bathroom: 2
* Year Built: 1900
* Lot Size: 7880
* Square Footage: 1185
* List Date: 3/26/2008
* Garage Spaces: 2
* MLS#: 786918Unique! Majestic Beauty! Only one of its kind! Restored & upgraded charm historic Greek Revival home w/huge lot in downtown historic social circle walking distances 2 farmer’s market. REAR UNIT NOT INCLUDED in sqft, NEW cement foundation w/6?H basement/electrical/plumbing/gas line/heating/interior/granite counter/tankless waterheater.All New construction permits w/current building code, MUST SEE!!
This caught my attention in a few ways:
1) It has the lucky price. This means that the house is lucky, and when you buy it, you will be lucky too.
2) It has a basement. That’s pretty unusual, and actually kind of cool IMHO.
3) Something about a rear unit. Let’s take a look at some more photos:
Hm. No. I think that’s the back of the house. (Nice entrance to the basement though!)
Let’s look at another photo:
Wow… really that’s not what I expected. For some reason, I have this urge to say “Rapunzel, Rapunzel, let down your hair!”
Perhaps why this house is majestic - it’s like a fairy tale. Wouldn’t you tell your kids about this?
I can see the Craigslist ad already: “Room for rent in Campbell above garage. Very safe - you can be sure you won’t be burglarized. BYOCMD (Bring your own carbon monoxide detector).”
June 26th, 2008 at 7:11 am
“only on of it’s kind”…I can believe that.
June 26th, 2008 at 7:51 am
Here’s another ” One of a kind” house in Raleigh, NC ( hey- there’s tech stuff there too,you Bay Area folks)
Here’s a house that’s twice the size and less than half the price gets you.Plus, it’s a hell of a lot nicer than the POS shown above. But it ain’t in the Beautiful BA. oh well…
http://raleigh.craigslist.org/rfs/732363004.html
June 26th, 2008 at 9:53 am
That not a fairy tale window. That’s the room where Fonzi lives on Happy Days. They should get a Henry Wrinkler endorsement.
June 26th, 2008 at 9:54 am
Heh heh - thank God SF is not in CA! Oh, wait …
See:
http://www.car.org/index.php?id=Mzg1MzE=
June 26th, 2008 at 10:18 am
No, that’s where Chris Elliot (as Chris Peterson) lived in Get a Life! Only he’ll come shuffling into your kitchen to scrounge your food and laugh at his fellow thirtysomethings who were dumb enough to get married, have kids, and work at jobs where they have to get up at 7 in the morning.
burbed, you gotta stop sitting on these properties. The place is off MLS, no doubt sold to someone for the lucky price of $988,888.
June 26th, 2008 at 10:20 am
Hey, sweet.. walking distance to Fry’s!
June 26th, 2008 at 11:19 am
What does this mean?
“NEW cement foundation w/6?”
June 26th, 2008 at 12:15 pm
What does this mean?
“NEW cement foundation w/6?”
Actually it says “NEW cement foundation w/6?H” So I guess that means they buried between 4-8 humans in it. Maybe Jimmy Hoffa’s under the refrigerator!”
June 26th, 2008 at 12:17 pm
I think “w/6?H basement” means “6 foot high basement” but garbled by a bonehead web programmer who doesn’t know how to process apostrophes properly.
Setting aside the price, not a bad little house, but what happened to that poor tree?
June 26th, 2008 at 2:08 pm
Haha, I like madhaus’s explanation, though the 6 feet high basement sorta makes sense too. Come to think of it, I’ve never seen a house with a basement in the Bay Area yet, so that’s sort of unusual.
June 26th, 2008 at 2:44 pm
Some of the old Oakland victorians have basements. The depression-era bungalows did away with that extravagance of course.
June 26th, 2008 at 3:36 pm
Lots of houses in SF have basement, usually they rent them out while living upstairs, I think it was supposed to be for storage (kind of wonder where they store things now that they rent the storage unit out, backyard?).
They are usually called in-law unit or something, pretty werid (probably for visiting in-laws to live since upstairs only have 2 bedrooms).
June 26th, 2008 at 6:12 pm
I lived in an in-law apartment in the Sunset for about a month. That was on level with and behind the garage - not in the basement. Maybe that was the exception.
June 26th, 2008 at 6:38 pm
I don’t think basement has to be below the garage, it is just the place that air conditioning/heat located, with space left for storage. They are usually 2/3 beneath ground, with window that can peek from above ground, and connected to garage either at the same level or a bit lower.
June 26th, 2008 at 7:30 pm
You guys haven’t seen basements? It would be VERY unusual to have one under a garage. Too much structural support needed for the cars above.
A basement is a wonderful thing to have for storage space. It’s just about the only thing I miss about living in a “fly-over” state. The houses I had with a basement had 7-8 feet of head room. Only really old houses had less.
June 26th, 2008 at 8:55 pm
it has the lucky price. This means that the house is lucky, and when you buy it, you will be lucky too.
——–
Lucky $899,888? Or extra lucky $888,888 with two more 8?…$899,888 or $888,888?….$899,888 or $888,888?….$899,888 or $888,888?….$899,888 or $888,888?….$899,888 or $888,888?….$899,888 or $888,888?…………
(after 24 hours)
Ummmmmmmm, can I give away $11K? Nope. Let’s do the listing with $899,888. If that does not work out, I will reduce the price to $888,888 and make it extra lucky.
June 26th, 2008 at 9:41 pm
madhaus, I just read your comment #28 in the “San Francisco shedding” thread from a day or two ago. Wanted to mention that the thing about having to reinvest your home proceeds in 2 years went away at least 7-8 years ago when they starting allowing up to $250k ($500k for married couples) in tax-free appreciation for primary residences.
I don’t think you’ll rush out and put your house on the market as a result, but figured you should know.
June 26th, 2008 at 9:48 pm
nomadic, thanks for that, but I have a further question. We will have a gain of more than $500K if we sell this house, so we will have to pay taxes on the remainder if we don’t buy another home, won’t we?
You’re right, I’m not listing the house tomorrow because of this.
June 26th, 2008 at 9:54 pm
>>We will have a gain of more than $500K if we sell this house, so we will have to pay taxes on the remainder if we don’t buy another home, won’t we?
You’ll have to pay the tax on the remainder even if you buy another house.
Why bother selling it? Just cash out the equity and buy another one. Keep the shack as a rental.
June 26th, 2008 at 9:55 pm
You’ll have to pay tax over $500k regardless of whether you buy another house or not. So for tax reasons, better to sell now and start accumulating tax-free appreciation on a new place when the market picks back up.
June 26th, 2008 at 10:00 pm
You sure? I thought if I buy a place for $300K, then sell it for $1m and buy another for $1.5m, there’s no tax on the gain because I’ve reinvested all the proceeds.
June 26th, 2008 at 10:12 pm
You’ll have to pay the tax on the remainder even if you buy another house.
Why bother selling it? Just cash out the equity and buy another one. Keep the shack as a rental.
That was our original plan, but becoming leveraged up the yinyang seems like an incredibly bad idea at this time. If it didn’t look like the whole house of cards was about to collapse, I would refinance this house on a 30 yr fixed. But we shouldn’t borrow more than the expected rent (plus taxes, insurance, keep a fund for repairs, etc). I am going to assume I could rent this place for $3200 without any problems.
Now, if I “pull out the equity,” don’t I have to pay it back? Then I have TWO mortgages.
If I pull out $800,000 - loan payment is $5300, can’t rent it anywhere near that
$600,000 - $4000/month. Still too high.
$500,000 - $3325/mo. This is almost right. the payment probably lower, if I borrow less, the interest rate would come down (I was assuming 7% on these jumbos)
$400,000 @ 6.25% - $2460, this would generate a positive cashflow.
But here’s the problem. If I only have $400,000 pulled out, how do I buy a bigger house?
June 26th, 2008 at 10:15 pm
you could consider doing 1031 exchange to avoid tax.
June 26th, 2008 at 10:17 pm
Madhaus,
That was the case before the Taxpayer Relief Act of 1997.
Now the IRS “only” gives you a $500K capital gain exclusion ($250K if you are single), but this only works if you occupied the house for at least 2 of the last 5 years. I think the capital gain exclusion is prorated if you lived less than 2 years in the property but I’m not quite sure.
June 26th, 2008 at 10:17 pm
isn’t 1031 only for rental property?
June 26th, 2008 at 10:22 pm
>>But here’s the problem. If I only have $400,000 pulled out, how do I buy a bigger house?
I didn’t know you wanted a bigger house. I was just showing you how to turn one house into 2 houses, and let your tenant support one of them.
In any case, if you really want a bigger house, you’d need to trade for a different zip, which would only be acceptable if your kids are off to college already.
June 26th, 2008 at 10:23 pm
Yes, 1031 is only for rentals.
June 26th, 2008 at 10:24 pm
what the heck is a 1031?
June 26th, 2008 at 10:24 pm
http://www.1031.org/about1031/faq.htm
http://en.wikipedia.org/wiki/Internal_Revenue_Code_section_1031
Enjoy the read
June 26th, 2008 at 10:28 pm
Don’t do it Crossroads!
To quote StrongBad, your head will asplode.
June 26th, 2008 at 10:30 pm
I didn’t know you wanted a bigger house. I was just showing you how to turn one house into 2 houses, and let your tenant support one of them.
I could pull equity out of this house and buy rental property somewhere else, too. Maybe somewhere on the upswing. I keep hearing great stuff about Tennessee.
But seriously, where are you proposing we live if we rent the shack and I pull out enough equity that we stay cashflow positive? I don’t see that being more than $450K.
In any case, if you really want a bigger house, you’d need to trade for a different zip, which would only be acceptable if your kids are off to college already.
The reason I want a bigger house is because this place, which was a nice size when we didn’t have kids, is too small with them. All four of us have stuff that takes up room. And I can only see us getting more musical instruments, not fewer. And I would love to have that Steinway grand.
So I think it’s more sensible to trade up to a bigger house here (Svl/CUSD) rather than spend more money for same or smaller sized house on less land in a “better” zip code.
June 26th, 2008 at 10:39 pm
>>But seriously, where are you proposing we live if we rent the shack and I pull out enough equity that we stay cashflow positive? I don’t see that being more than $450K.
Well, it depends on a couple of things:
1. Do you need the school district?
2. Do you need to be within a certain perimeter due to your job location?
June 26th, 2008 at 10:44 pm
Yes, we need the school district, and we won’t trade down to Fremont HS either. I don’t see any point in downsizing just so we can own 2 properties instead of one. As it is, this house is too small.
June 26th, 2008 at 10:54 pm
madhaus,
Given your priorities, I would target one of those larger homes between Ortega Park and Homestead (e.g. around Eagle Drive). It’s CUSD with Homestead High. Homes there are newer, larger and quite comfortable. The problem is they are rarely available.
June 26th, 2008 at 11:07 pm
RE, you are incorrect about that. Ortega park area is Fremont HS. I know 94087 and I know where the Homestead/Fremont line is. The line moves from Sunnyvale Saratoga to Homestead, stay west for Homestead.
Yes, those houses are quite nice, but I won’t touch ‘em.
June 26th, 2008 at 11:07 pm
Whoops, the line moves from Saratoga Sunnyvale to HOLLENBECK, not to Homestead. Homestead HS is ON Homestead.
June 26th, 2008 at 11:23 pm
Madhaus, before you buy that Steinway, look carefully at the 3 B’s - Bosendorfer, Bechstein, and Bluthner. If you must have a Steinway, get the Hamburg edition. Trust me on this, I know what I’m talking about.
June 26th, 2008 at 11:33 pm
Pianist, not buying any pianos of any size until I get a bigger house, and not clear I’m doing that in this current market. Think the best I can do now is get an 88-key weighted synth and get a double rack so it can live with my 61-key composing Korg.
I’ve heard good things about the first 2 Bs, never heard of the third one. When I read it I thought of the horses neighing in fright a la Young Frankenstein. Bluthner!
June 26th, 2008 at 11:34 pm
Madhaus,
I know people who live there that went to Homestead High.
Anyways, another option would be Los Altos, where they have larger homes. Be prepared to spend at least $1.5M. Might need to cash out some of your Web 2.0 stock options.
June 26th, 2008 at 11:53 pm
I know people who live there [near Ortega park] that went to Homestead High.
Then they crossed the FUHSD boundary lines, maybe by applying for an in-district transfer, or they attended before 1981 when there was a third Sunnyvale high school.
Anyways, another option would be Los Altos, where they have larger homes. Be prepared to spend at least $1.5M. Might need to cash out some of your Web 2.0 stock options.
I know what it would cost in Los Altos and in Palo Alto, those have been the 2 places I’ve had my eye on (also Cupertino foothills). But I’ve already said I’m reluctant to do so now, because I expect a severe correction (30-40%) to hit over the next 2 years. Then I expect flat prices the next 4-6 years. I think my best bet is to sit tight, pay off this house (it will be paid for in 6 years), ride out the correction, and move up in 5 years when I will need $300K to move up instead of $500K. I have money overseas and will keep it there as a hedge against the dollar moving further down. I even expect keeping the money abroad that long will let trade up more than I could now.
Meanwhile, maybe those Web 2.0 options will make me a millionaire, and then again maybe monkeys will fly out your butt.
You did say (#19) I could rent the shack and buy another house, and I am curious how that’s doable if I want to trade up. I sure don’t intend on trading down.
June 27th, 2008 at 12:35 am
>>because I expect a severe correction (30-40%) to hit over the next 2 years.
I’d like to here your rationale behind such thinking, because there sure is no indication of that happening in either Los Altos or Palo Alto. Do you have an idea how many people with cash on the sidelines will jump in if the market corrects even 10%?
June 27th, 2008 at 12:35 am
Damn those typos…I meant “hear”
June 27th, 2008 at 12:39 am
Fwdvw, good call on Fonzi’s room. LMAO!
madhaus, good call on not “trading down” to Fremont High.
You could turn the current home into a rental for two years, 1031 exchange for another rental, then move into the new rental after two years (effectively making it your new home), but I’ve been told that whole process isn’t worth the headaches.
June 27th, 2008 at 12:45 am
>> Do you have an idea how many people with cash on the sidelines will jump in if the market corrects even 10%?
As Jerry Seinfeld used to say, “Who are these people?”
During the bubble, the people jumping in had more nerve than cash. I’m not convinced there is a wave of cash rich investors waiting to come back to the table, especially when markets historically do not bounce. Why rush in to try to catch a bottom that should last for several years?
June 27th, 2008 at 12:49 am
Madhaus,
Even in the unlikely event of the market correcting, wouldn’t your property correct as well? Therefore, does it matter if you move up now or later?
June 27th, 2008 at 12:52 am
>>As Jerry Seinfeld used to say, “Who are these people?”
Frank,
Where I work, plenty of people are watching real estate, waiting to buy a house and hoping for a market correction. It’s not exactly hard to find these people if you just pay attention.
June 27th, 2008 at 7:28 am
Some of you that are imaging hordes of people itching to jump back into housing after marginal drops are forgetting the convenient fact that housing booms tend to happen when the economy is good. The fact that we’re in a tailspin downwards with no end in site doesn’t bode very well for anything positive happening in RE for the foreseeable future. I do suspect there’s a few people around with RE bubble hangovers who’ve yet to realize the scope of the era that we’re now in.
June 27th, 2008 at 9:42 am
So nice that some old fart to give this opportunity for you to pay for his retirement while living at his front gate. Should we call the winner of the “house” a gatekeeper?
June 27th, 2008 at 10:35 am
Where I work, plenty of people are watching real estate, waiting to buy a house and hoping for a market correction. It’s not exactly hard to find these people if you just pay attention.
Same here. I know dozens of people looking, and a few have bought. Everyone who has tried to buy a short sale has not succeeded, and I was aware of about 9 of those starting in Jan of 08. Most of these buyers claim the listing agent said they had preapproval from the bank, but clearly they did not have that. On MLSlistings it used to seem like every 4th house in the less desirable zipcodes were short sales. Now there are far fewer, those have all gone to foreclosure.
As to how to move up if you are in Madhaus’ situation and need more space AND a school district- one answer is Almaden Valley. Almaden schools Williams elementary, Bret Harte middle and Leland high are the best schools in the bay area the apis are 954,904 and 856 respectively. You need to get below Camden up against the golf course and hills for the real Almaden- above Camden is just the same as any other burb.
http://www.movoto.com/real-estate/homes-for-sale/CA/San-Jose/6723-Elwood-Rd-100_815186.htm
I know this would never work for Madhaus because his kids are already in a school and district so he needs to stay there but for people looking for good schools AND spaciousness, Almaden is the spot.
June 27th, 2008 at 11:06 am
>>forgetting the convenient fact that housing booms tend to happen when the economy is good.
This is obviously an ignorent statement. The entire housing boom that brought you the current prices happened right after the tech bubble busted, sending the economy into a tailspin.
June 27th, 2008 at 11:13 am
WG,
The solution I offered him gave him everything he wanted. What he’s really looking for is more prestige. He already mentioned the brands he wants: Los Altos or Palo Alto. Palo Alto does not fit his needs at all, because at any given price point, Palo Alto house will be smaller than anywhere else (Palo Alto has the highest cost per sq ft).
June 27th, 2008 at 11:18 am
RE,
The housing bubble was a direct result of people looking for a “safe” investment, which at the time was deemed RE, which was also coaxed by the lowering of interest rates. It was a perfect storm for creating a bubble. Now that housing is now deemed a bad investment, everyone ran for commodities. Once commodities crashes, it’ll be onto something else as frothy. Housing had its time. Investors won’t be coming back anytime soon.
You guys who are investing now are going to get burned. Trust me.
June 27th, 2008 at 12:28 pm
Frank Jewett, I still don’t see the point of buying a second $450K home here and doing a 1031 two-step. That would be a condo, and we sure don’t want to live there when we already have a perfectly acceptable house in a good neighborhood. I did the math above showing we can’t spend much more than that if we keep the house.
Why rush in to try to catch a bottom that should last for several years?
Well said. Although to be fair, while 92-96 was flat elsewhere, our neighborhood did steadily increase.
Even in the unlikely event of the market correcting, wouldn’t your property correct as well? Therefore, does it matter if you move up now or later?
RE, I already answered that question in comment #40. The money I have overseas will fund a future trade-up because the dollar will continue to decline. I expect $100 today there will be worth $200+ then. I expect the price differential between my house and Los Altos to drop from $500K to $300K. Then I won’t have to borrow much when we trade up, and could continue being a one-income family if we choose. If the dollar comes back, we have money here too.
For the housing bulls, would you please explain why it is smart for me (or anyone) to move from 90% equity to 50% equity and 4-5 times the debt in a declining market? Even a 40% correction and tanking job market cannot possibly make me lose my house. How many of you can say the same thing if you lost your job? Do you have 1-2 years’ salary cached away?
The solution I offered him gave him everything he wanted. What he’s really looking for is more prestige. He already mentioned the brands he wants: Los Altos or Palo Alto. Palo Alto does not fit his needs at all, because at any given price point, Palo Alto house will be smaller than anywhere else (Palo Alto has the highest cost per sq ft).
You call it prestige, but that’s your thing, not mine. We want the best schools we can afford and at least in Los Altos, a bigger house on more land (whole town zoned minimum quarter acre). We like being near shops and restaurants, so if I had five million I would not move to Woodside, but to Palo Alto. (This is not blue sky dreaming, at some point we’re going to inherit a bunch. And maybe those monkeys really will fly out your butt.)
WG suggested Almaden. That doesn’t work for us. School scores are slighly lower than CUSD, and it’s much further away from where we work, study and play. I wouldn’t move further south than Cupertino or further east than Southwest Sunnyvale. North and west is the direction we’d head, closer rather than further from San Francisco.
June 27th, 2008 at 2:43 pm
Well…
Looks like another fantastic drop on Wall Street today. The economy is just flopping ain’t it? Sounds like its a GREAT time to be buying some of them there investment homes so that all the folks who are getting rich from the recession can go buy your ghetto houses. Now… go out and buy!Hurry before the crashing economy makes those prices drop even more!
June 27th, 2008 at 3:48 pm
Do you have an idea how many people with cash on the sidelines will jump in if the market corrects even 10%?
———-
No idea. Do you have any idea? Anecdotal examples from your workspace does not count.
June 27th, 2008 at 3:53 pm
Do you have an idea how many people with cash on the sidelines will jump in if the market corrects even 10%?
Yes. 99% of all people are ready to jump in right this minute.Even me. But they’ll only buy if you go in and buy the houses first and re-sell them to them. So you might as well go out and buy 5 more houses to take advantage of the coming stampede of foaming at the mouth buyers! You’ll be rich I tell ya, rich rich rich!
June 27th, 2008 at 4:28 pm
madhaus, I’m not encouraging you to go the 1031 route. As I mentioned, I’ve been told it isn’t worth the hassle, and that advice came from an agent I trust who lives in Sunnyvale. They aren’t all bad.
I was simply trying to fill in the blanks on how that process works. The missing piece, as you noted, is what you do for housing during the four year interval (last two years of old house as rental, first two years of new house as rental), not to mention the headache of becoming a temporary landlord and having tenants put wear and tear on your “new” house before you get to enjoy it.
June 27th, 2008 at 4:31 pm
Bob, do you have an idea how many people with cash on the sidelines will jump in if the stock market corrects even 10%?
What? Oh, that comment only applies to real estate?
Nevermind.
June 27th, 2008 at 5:06 pm
bob, LOL at #56.
Frank, I know how it works, what I don’t get is why I would want to do it, especially in a declining market.
Who are all these people with cash at the sidelines? Are you referring to Facebookers or the mythical foreigners who are going to swoop down and buy everything at 15% markup?
And maybe monkeys might fly… etc etc
June 27th, 2008 at 5:26 pm
Bob, do you have an idea how many people with cash on the sidelines will jump in if the stock market corrects even 10%?
What? Oh, that comment only applies to real estate?
Hello, Frank! The DOW is down 20% since October.
June 27th, 2008 at 7:01 pm
mh: Hello, Frank! The DOW is down 20% since October.
I know. I was riffing on someone else’s comment about money on the sidelines waiting to jump in once the real estate market corrects by 10%. That theory doesn’t appear to be saving the stock market. Down 20%. Is the cavalry asleep?
Of course you can’t live in stocks, but I find the idea that there is cash just sitting and waiting a little farfetched. That cash obviously isn’t sitting in stocks or it is dwindling as we type. Maybe they have it stashed under mattresses?
June 27th, 2008 at 8:14 pm
The cavalry isn’t asleep, people like me who used to have all their money in the stock markets in the 90s won’t touch stocks again, UNLESS there is real evidence the dollar is stabilizing. Completely different than real estate- I am fine with real estate as long as I like the price point, but then I never overpaid even in the bubble. My most expensive house was $450/sq ft. bought in 06.
There are countless silicon valley execs out there who WILL NOT touch stocks again, ever. This hurts all of us because stocks were supposed to be the vehicle for baby boom retirement, now a lot of that money has gone kaput.
June 27th, 2008 at 8:21 pm
Realestater, its amazing how much prestige everybody thinks their own locale has. I heard somebody (who lives in cupertino) say that Cupertino school district was #1 in the NATION just last week. HAHAH! Almaden thinks their schools are better than Cupertino, plus a lot of Almaden residents would NEVER live in Cupertino or Sunnyvale or Willow Glen (the FLATS) - they see their 20K sq ft mansion in the hills lifestyle as better than everybody else. Personally I would never live in Mountain View. Definitely don’t see that as a prestige address. I think everybody just likes where they live.
June 27th, 2008 at 8:59 pm
Stocks were supposed to be bought and held for the dividends. You invest in a business to share in the profits. Investing in the future value of the shares rather than the profitability of the business is a ponzi scheme. Most of the big dot-com losers were never profitable, begging the question of why their stocks went so high. The obvious answers were greed and stupidity on the part of “greater fool” investors.
June 27th, 2008 at 9:41 pm
That approach to stocks went away forever when the online discount brokerages got big.
June 27th, 2008 at 10:15 pm
>>I wouldn’t move further south than Cupertino or further east than Southwest Sunnyvale. North and west is the direction we’d head, closer rather than further from San Francisco.
Personally I would do the same…don’t really want to stray too far from RBA civilization.
>>Who are all these people with cash at the sidelines? Are you referring to Facebookers or the mythical foreigners who are going to swoop down and buy everything at 15% markup?
I’m referring to every white collar professional who has any sense in planning their life. Unlike most parts of the country, BA has a high concentration of this type of profile. Coupled with limited supply of homes, this is a major reason the housing market here remains healthy.
June 27th, 2008 at 10:24 pm
Bob,
You keep thinking in terms of timing the housing market, as though it were a stock. When the market is going up, you think it’s a bubble therefore would not buy. If the market is down, you think it’s heading into the abyss therefore would not buy. Well, I have news for you. You don’t have a crystal ball. Real estate is a long term investment. When you are ready to buy, there is no point in putting your life on hold. As a matter of fact, when the market psychology is such that people are pessimistic, it is in fact a bonus. That is the time to buy anything.
June 28th, 2008 at 9:25 am
Real estate is a long term investment.
———–
So does stocks. He he!
————
When you are ready to buy, there is no point in putting your life on hold.
———–
Even if that means paying 3X every month for rental price. That sounds like used car salesman - “You need a car right? How much you can you pay per months?”
———-
As a matter of fact, when the market psychology is such that people are pessimistic, it is in fact a bonus. That is the time to buy anything.
———-
It’s always great time to buy.
Are you buying 5 homes RealEstater, before foreigner investors come here and snap up homes?
June 28th, 2008 at 4:14 pm
I said: Who are all these people with cash at the sidelines? Are you referring to Facebookers or the mythical foreigners who are going to swoop down and buy everything at 15% markup?
And then RE said: I’m referring to every white collar professional who has any sense in planning their life.
You know, if don’t want to continue being considered an utter fool, you’ve got to learn that not everyone who chooses differently than you is less informed than you. It’s doubly amusing as you’re one of the poorest advocates, for any position, posting here.
I’m still chuckling over your informing ME where to buy in 94087. Read that district map? Like, epic fail.
June 28th, 2008 at 4:29 pm
I’ve been watching on the sidelines since 2006. I didn’t have enough job history to buy then, but if I knew what I know now, I could probably have bought a nice condo on the Embarcadero in Oakland. I had a real estate investor friend who was encouraging me to get a duplex in San Jose. But I saw the foreclosures mounting and decided to wait it out. Now, after having been through a major apartment fire as well as seeing prices in places like Redwood City drop 30% since January, I decided it was time to start taking it seriously. I don’t mind if I’ve mistimed it by a couple months. But I can see that the only way to stem the bleeding is if people start buying again, so I’m doing my part.
June 28th, 2008 at 5:06 pm
Ooops, too many mistakes in #68. The correction:
Even if that means paying mortgage 3X every month
forcompare to rental price for similar home. That sounds like used car salesman - “You need a car right? How muchyoucan you pay per months?”June 28th, 2008 at 5:11 pm
You know, if don’t want to continue being considered an utter fool, you’ve got to learn that not everyone who chooses differently than you is less informed than you. It’s doubly amusing as you’re one of the poorest advocates, for any position, posting here.
——–
Madhaus,
It would be pointless to say that to a guy whose self-worth is tied to his house and “management class neighborhood”.
I wonder if he writes the zip code in his name. E.g John “94306″ Doe.
June 28th, 2008 at 6:43 pm
But I can see that the only way to stem the bleeding is if people start buying again, so I’m doing my part.
You sir, are a patriot!
June 28th, 2008 at 8:54 pm
WG,
Executives will not touch stocks again? Huh? I thought their jobs are mostly about stocks, they are paid mainly in stock options or grants. Are they demanding to be paid in mortgages now?
Almaden San Jose? 95120? That dope must be really high, there are only 5 schools in that zip scores higher than 900, out of 12. Cupertino has 5 under 900, out of 32. People are entitled to their opinions, but opinion without base is simply stupid thinking.
Hey can someone tell me what’s up with Beverly Hills 90210? It’s schools are pretty average, does the riches really send their kids to these schools to have sex?
June 28th, 2008 at 9:14 pm
rick, Almaden actually is known for their schools, but that only applies to half of the area. Seriously.
June 29th, 2008 at 12:14 am
Madhaus says,
>>It’s doubly amusing as you’re one of the poorest advocates, for any position, posting here.
Feel free to stick to your position. After all, it’s your life. You’re the one who has to deal with living in your shack, not me. You’re the one who is struggling to move up, not me.
Pralay,
>>It would be pointless to say that to a guy whose self-worth is tied to his house and “management class neighborhood”.
If your opinion were worth anything, you wouldn’t be stuck in a priced out position. The outcome has already shown who’s right.
June 29th, 2008 at 12:16 am
Arrogant RealEstater is back with a vengeance!!!
June 29th, 2008 at 12:22 am
DreamT,
I was here minding my own business, and the two mad dogs started biting for no reason.
June 29th, 2008 at 12:56 am
If your opinion were worth anything, you wouldn’t be stuck in a priced out position. The outcome has already shown who’s right.
——-
Ha ha! When did you buy your home (and make yourself worthy), RealEstater? May be I should have moved to bay area in same year (instead of 2004) to avoid being priced out forever. 10 years back? Ooops, I was still in college that time.
Or may be my parents should have moved from all the way from India to here so that their son would not have to be “Priced Out Forever”? Prop 13 would have helped too.
Is it how you did RealEstater?
BTW, let’s revisit the comments:
I said: It would be pointless to say that to a guy whose self-worth is tied to his house and “management class neighborhood”.
RealEstater said: If your opinion were worth anything, you wouldn’t be stuck in a priced out position. The outcome has already shown who’s right.
RealEstater, by making above comment, did you just re-enforced my argument? Your self-worth is tied to home ownership. You think you are right because you own a home and a “Priced Out Forever” guy got to be wrong, just because he does not own a home. is it so?
June 29th, 2008 at 1:07 am
the two mad dogs started biting for no reason.
———-
Help me, help me, stop me from biting two dogs! I started biting those dogs, those dogs started biting me! But I am the victim and those are mad dogs. I love being victim!
June 29th, 2008 at 1:12 am
>>May be I should have moved to bay area in same year (instead of 2004) to avoid being priced out forever. 10 years back? Ooops, I was still in college that time.
Did you study any physics in college? Time keeps moving forward. When I bought my house, there were surely people who bought 10 years before me at a much lower price. By the year 2118, right now would be “10 years back”. Why are you not buying now?
>>Or may be my parents should have moved from all the way from India to here so that their son would not have to be “Priced Out Forever”? Prop 13 would have helped too.
Is it how you did RealEstater?
I already showed you how I did it. I did it the old fashioned way. I earned it. When I bought my first house, I rented 2 out of 3 rooms to pay the mortgage. I remember back then, there were plenty of losers complaining how they were priced out. Give me a break. When there’s a will, there’s a way.
>>Your self-worth is tied to home ownership.
Who cares about my self worth? You always like to take things down to a personal level, rather than debating the issue. What we’re discussion here is who’s view of real estate is correct. I’m telling you that by the outcome we already know who’s right. You can make all kinds of lame arguments or fantastic predictions, at the end of the day who would prefer your outcome?
June 29th, 2008 at 1:20 am
Pralay,
If you have any clue about the economy, you might have noticed we are already in an inflationary cycle. Last week I had my first $100 fill-up at the gas pump, and paid $6 for a double-double combo at In-N-Out. Can you see what’s coming? If you don’t get into a house right now, you will be over-run by inflation. The price you pay for a home right now, it’ll seem cheap in just a few years even if home prices don’t increase. Why? Because money is worth less and less each year.
June 29th, 2008 at 1:28 am
When I bought my house, there were surely people who bought 10 years before me at a much lower price.
———–
And I am sure when you bought your home renting a similar house was lot cheaper than owning a similar one, right? What was the monthly mortgage vs rental price ratio that time? 2X? 3X?
If you are not good at math, why don’t you just tell us when you bought your home? We will find out the ratio. You haven’t told us so far.
————
Why are you not buying now?
————
Don’t you know that I am “Priced Out Froever”?
———
When I bought my first house, I rented 2 out of 3 rooms to pay the mortgage.
———
Wow! That explains how you afforded 3X mortgage vs rental ratio. When was it? 1995? Or 2005?
——–
I’m telling you that by the outcome we already know who’s right.
———
Really, you know it? You are right because you say so?
June 29th, 2008 at 1:41 am
if you don’t get into a house right now, you will be over-run by inflation.
———
RealEstarer,
People don’t come here to get those crappy advises. Most of the visitors in this blog have some knowledge of economy and real estate market. They are not clueless. You have more chances getting success in catching a stranger on University Avenue and convince him to buy a home now. And as you are not doing so, that tells me that you are not very bright.
In the end, market will be corrected by the fundamentals. Convincing and adding two or three more suckers in the market won’t help. NAR does not get it and you don’t get it either.
June 29th, 2008 at 1:59 am
The price you pay for a home right now, it’ll seem cheap in just a few years even if home prices don’t increase.
————–
This one takes the cake! Couldn’t you write something more innovative and fresh, RealEstater? When I read it, it sounded more like those subprime lenders.
Borrower: Tell me how am I going to afford $6000 every month when rate resets after two years?
Lender: Oh, just refinance.
BTW, hedging against inflation - is it your best case for buying a home now? Where were those flashy arguments - home price double every 10 years, real estate is better than stock etc? Oh, yes, I forgot some more
- if I own a dog I need to buy home
- foreigners coming
- I can water my own lawn
- I don’t have to live cold in winter.
June 29th, 2008 at 7:40 am
Even making payments and earning equity in a depreciating home is better than renting long-term, simply because it’s possible to reach the point where you make no payments at all. If you buy early when you’re poor and then make more income, you can then pay it off faster, save hundreds of thousands of dollars in interest, and then get rental income. If you move every three years, then you may be better off renting so you don’t wind up upside-down after paying commissions, in the same way that if you need a new car every couple of years, you’re better off leasing so you don’t have to sell a car that’s worth less than you owe. It’s econ 101.
June 29th, 2008 at 9:19 am
sonarrat,
I think you’re absolutely doing the right thing. Even though it may not look like it now, you’ll qualify for “millionaire in the making” in 10 years time.
June 29th, 2008 at 9:33 am
sonarrat.
>> Even making payments and earning equity in a depreciating home is better than renting long-term, simply because it’s possible to reach the point where you make no payments at all.
Unfortunately the guy who will be selling his house to you knows this. What he does is thet he prices that advantage in the selling price of the house. So you pay for it in current dollars. Also you assume that there is no risk for you in making hugh interest payments there by guarantee that your employablity for next 30 years. Also there are and will be dowturns in RE and you assume the risk of having to make payments when you can’t sell the house. And afterall, the biggest assumption you make is “RE will keep appreciating in inflation adjusted dollars”
June 29th, 2008 at 9:49 am
Even making payments and earning equity in a depreciating home is better than renting long-term, simply because it’s possible to reach the point where you make no payments at all.
——–
I don’t think anybody here is arguing against long term benefits. But the problem I find is that some guy here asking people to ignore short term risks altogether and showing a tunnel vision picture.
June 29th, 2008 at 9:50 am
RealEstarer,
When did you buy your own home? You are totally avoiding this question.
June 29th, 2008 at 1:11 pm
“Unfortunately the guy who will be selling his house to you knows this. What he does is thet he prices that advantage in the selling price of the house. So you pay for it in current dollars. Also you assume that there is no risk for you in making hugh interest payments there by guarantee that your employablity for next 30 years. Also there are and will be dowturns in RE and you assume the risk of having to make payments when you can’t sell the house. And afterall, the biggest assumption you make is “RE will keep appreciating in inflation adjusted dollars”
Property is an REO. The bank isn’t in the business of holding property - they want to get rid of it. And if I can’t get another $15 an hour job after losing my current one, then I wouldn’t be able to rent either and I may as well just shoot myself.
June 29th, 2008 at 1:18 pm
RealEstarer,
When did you buy your own home? You are totally avoiding this question.
Are you kidding? Comment #81 above was the first time RE even alluded to ever having bought a home, as opposed to telling everyone else they ought to be one because it’s a great time to buy NOW NOW NOW. Also notice RE refused to mention how much equity he has in his current home, if he even actually owns one.
We have 2 years’ salary saved up, plus 90% equity in the house, plus other investments here and abroad. Which one of us would the rest of you bet on to weather the next five years? And do you think arrogant RE will still continue telling sonarrat where to buy in Laurel, or DreamT about 95051, or WG about ‘25, or myself about Sunnyvale/CUSD?
Tune in tomorrow, for another exciting episode of As The Market Crashes.
June 29th, 2008 at 10:19 pm
Pralay,
You’re totally ignoring the point of this discussion. Did you understand the “Theory of Relativity” that I alluded to? There’s ALWAYS people before and after you. By default, I bought a home before you did, since you haven’t bought one yet. However, I am still looking for another house at this time, so I face the exact same situation as you do. Look at all the excuses you’re giving:
- I was in college when houses were cheap
- My mother was in India
- I don’t have enough data
- House market may crash
- I will buy when mortgage payment becomes lower than rent
It’s time for action. Don’t let me beat you to it again!
-
June 29th, 2008 at 10:22 pm
madhaus Says:
>>Are you kidding? Comment #81 above was the first time RE even alluded to ever having bought a home, as opposed to telling everyone else they ought to be one because it’s a great time to buy NOW NOW NOW.
This is complete nonsense. I even told you before what my interest rate was, and that I can pay off my house if I wanted to. You just need to pay attention.
June 29th, 2008 at 10:37 pm
This is complete nonsense. I even told you before what my interest rate was, and that I can pay off my house if I wanted to. You just need to pay attention.
Give me a link to where you told me that, because I do not believe you.
June 29th, 2008 at 10:40 pm
>>Give me a link to where you told me that, because I do not believe you.
Are you trolling? I don’t have time to dig it up. I think Pralay may remember, or you can ask Burbed to search the database.
June 29th, 2008 at 11:13 pm
You never told me that. You’re lying.
June 29th, 2008 at 11:23 pm
Madhaus,
If Burbed or I find the post, will you issue a public apology?
June 29th, 2008 at 11:25 pm
I think Pralay may remember, or you can ask Burbed to search the database.
———-
I don’t remember you ever mentioned. Although this blog does not have at search option, but with right combination of keywords I can google most of the past comments from this blog. I don’t think you ever said that. The only thing you said that you could pay off your mortgage anytime if you want to (go back to Milpitas week and find out RealEstater’s amazing reasons for employment - earning frequest flyer mileage etc :)).
June 29th, 2008 at 11:37 pm
RE — if you don’t have time to find an old post (that doesn’t exist) then why are you posting here? You’re a busy management guy. (snort!)
You make a lot of nonsense claims on this board. You also have an obnoxious tendency to demand other people give you cites or data, something you won’t provide unless you’re making a joke. You know like “Market is back, see!” linking to an article showing it’s worse than ever.
You are about 150 to 1 behind in providing proof of anything and have no standing to ask anyone to find something for you.
June 29th, 2008 at 11:40 pm
>>The only thing you said that you could pay off your mortgage anytime if you want to
That already proves this is not the first time I ever mentioned owning a home.
Madhaus, are you man enough to offer an apology?
June 29th, 2008 at 11:41 pm
It’s time for action. Don’t let me beat you to it again!
———-
RealEstarer,
etc ), you do need to be vague as much as possible so that nobody can prove you wrong.
Do you get paid for posting these crappy advises? Should anybody care for advise from a guy who even cannot answer some simple questions straight? It it too difficult to answer straight when you bought home? Keep it vague. Because the image you are trying to create about yourself (successful investor, reason for working 9-5 is earning frequent flyer mileage and paystubs
You sound like a used car salesman who owns every car model he sells.
BTW, “Theory of Relativity” very funny. He he!
June 29th, 2008 at 11:56 pm
Whoa… I feel the temperature rising here. And I’m not even driving to Gilroy.
Let’s been like the Inner Sunset and chill.
June 30th, 2008 at 12:10 am
Look at all the excuses you’re giving:
- I was in college when houses were cheap
- My mother was in India
- I don’t have enough data
- House market may crash
- I will buy when mortgage payment becomes lower than rent
———–
Hell, NO, I never gave those excuses. Don’t twist my words and quote me out of context. I never said that houses were cheap when I was in college. All I said that the market situation of the time when YOU BOUGHT home could lot different from today. Therefore, it it very dishonest of you to tell people “I did it, hence you can do it too” WITHOUT DISCLOSING the market condition you bought your home. And guess what, when I asked you when you bought your own home, I refuse to answer it.
June 30th, 2008 at 12:22 am
Pralay,
If you pay attention, I told you many times about move-up strategy. I’ve bought many homes, in many different market conditions. Market condition is your new excuse? Didn’t I just tell you I am looking at homes right now, in today’s market condition? Did you understand what I said about buying a house in the long term, and not focusing on market timing?
June 30th, 2008 at 12:26 am
When I did you buy your home RealEstater?
June 30th, 2008 at 12:28 am
I’ve bought many homes, in many different market conditions.
———-
Read the user car salesman analogy in post #102.
You are too predictable.
June 30th, 2008 at 12:39 am
>>When I did you buy your home RealEstater?
I don’t know which home you’re talking about.
June 30th, 2008 at 12:53 am
I don’t know which home you’re talking about.
———–
If you have little bit of IQ left you would have figured out already and volunteered to provide this info while giving advise (a fake one though) to A RENTER (hint).
June 30th, 2008 at 12:56 am
I’m sorry, I have more EQ (equity) than IQ.
June 30th, 2008 at 12:59 am
That why you need to add zipcode in your name.
June 30th, 2008 at 9:21 am
RE - since you won’t tell us where you live (city or zip code), I assume it’s because you are ashamed of it. It doesn’t fit the fake persona you created.
Just about everyone here has volunteered that info. Unless you have your own personal zip code, giving that out does not reveal who you are.
Provide your location and when you bought the house you live in. Until you do, you have no standing to ask anyone here for anything.
June 30th, 2008 at 10:08 am
Madhaus,
Although many other burbed readers volunteered to provide info within contexts, none of them bragged about home ownership like this guy RealEstater. Specifically I wanted know when he bought his home because his common theme is “I did it, You guys can do this too. Jump and buy NOW.” More I read his stuffs, more he sounds like an used car salesman who owns every car model he sells but he is never going to tell you when he bought them and how he could afford with his meager salary and commissions.
Secondly, the last guys I would seek advise is this guy. Hence, his pretense of giving advise make it more funny.
June 30th, 2008 at 10:16 am
Madhaus,
If you check the records here, you’d find that I’ve always been upfront and open. Our chat about work is just one example.
Will you encourage your friend Pralay to talk a bit about what he does for a living? By your logic he must be ashamed of his job.
I have no problem telling you my city, zip, whatever, but in the spirit of community let’s have Pralay do the same, so that he won’t be in the corner making sour remarks.
June 30th, 2008 at 10:21 am
Pralay,
The crux of the problem is that you interpret everything as “bragging”. For Christ sake, owning a home is called bragging? You’re not in India anymore!
June 30th, 2008 at 10:36 am
Will you encourage your friend Pralay to talk a bit about what he does for a living? By your logic he must be ashamed of his job.
——–
RE,
I am a tech guy. The rest is irrelevant, because, unlike you, I never ask people to jump off the cliff giving “I did it and became rich” kind of personal example.
June 30th, 2008 at 10:43 am
The crux of the problem is that you interpret everything as “bragging”. For Christ sake, owning a home is called bragging? You’re not in India anymore!
———
No, owning a home is not bagging. That’s why most of the burbed readers, many of them are homeowners, never do it. They talk about it ONLY WITHIN A CONTEXT. You are exception. You always love to give your personal example, although you never disclose anything fully (e.g. I asked you when you bought home but you did not answer).
June 30th, 2008 at 10:51 am
>>You always love to give your personal example, although you never disclose anything fully
You are contradicting yourself. If I’ve never disclosed anything, how can it be a personal example?
>>I am a tech guy. The rest is irrelevant
You can do better than that. Madhaus and I both shared more info. At least you can tell us what kind of tech guy? For examples:
- Programmer?
- Support guy?
- Business analyst?
June 30th, 2008 at 10:54 am
Pralay,
You never answered the question about your zip.
June 30th, 2008 at 11:04 am
RE,
I’m not necessarily trying to time the market because there are already so many obvious signs that the market is still out of whack. Even the most basic fundamentals are still being violated.Of course I also realize that housing in the BA requires a special type of person willing to make personal lifestyle and often risky financial decisions in order to get into the bare-basics. As mentioned numerous times before, I am not head over heels in love with the area nor do I care to place my family in a precarious situation just for a crappy little house that’ll rot unless I spend even more money fixing it. No thanks. So the equation also has to do with what your value system is, and for me, there is no value in the Bay Area even if prices drop 50%
I’ll tell you one more thing. I don’t like RE investors in general because their tactic is all about trying to sell suckers their bags of excrement. The hope of course is that there are enough suckers who will keep buying and buying until the day comes that the entire system corrupts itself, just as we’re seeing now. I feel that RE investors are in large responsible for the shape of the economy and the erosion of neighborhoods as well.In essence, they artificially manipulated the supply by purchasing homes they had no intention of living in. I’d much rather see people use their heads to think of useful,ingenious, intelligent products. Apple is a good example. Toyota is also. Selling and bartering homes as if they’re being held for ransom is non-beneficial to anybody. There used to be a time in the US where people like Thomas Edison and Henry Ford made revolutionary changes to our world. Now we just have a society full of people who want to make a quick, dirty buck by selling crap back and forth to each other.
Anyhow, that’s my stump speech for today.
June 30th, 2008 at 11:09 am
>>I feel that RE investors are in large responsible for the shape of the economy and the erosion of neighborhoods as well.
Without RE investors, how can you have a place to rent?
RE investors are not all that different from the investors for your company. They are providing a service for a market need, and trying to profit from it. Under our capitalist system, it is legitimate business.
June 30th, 2008 at 11:51 am
There’s a big difference between someone who buys a place to rent for 10-20 years and someone who buys and sells in less than 6 months, which was rampant and unprecedented during the boom. I’m talking about investors going into poor neighborhoods and subsequently pricing out all the locals in hopes that they could force the area into gentrification.
My parents rent a little house above theirs. They’ve owned it for 20 years. The family has been there for 10. They make pocket money off of it. I have zero problem with people renting homes as homes have typically been rented. But all the horse crap that happened in the housing boom with all those greedy retards buying up everything effectively got us into this mess, and even to this day, there’s still too many people who think exactly like that and need to get burned a bit more in my opinion so they’ll learn a lesson or two.
June 30th, 2008 at 12:03 pm
Oops, forgot to close the link. Burbed, could you delete post #123?
—————
You are contradicting yourself. If I’ve never disclosed anything, how can it be a personal example?
—————
Funny. You cannot even read your earlier post (post #81).
Read the line “When I bought my house…..”. When I asked the details, you cleverly avoided it.
——–
You can do better than that.
——–
I don’t need to, because I never asked you that kind of question either. The only reason I asked when you bought home is because you started giving me unsolicited advises like an used car salesman (or Amway agent).
In case you are too curious (and honest about it), no I am not a “management class” guys. And these are NOT the reasons for me working 9-5
- earning frequent flyer mileage
- paystubs.
June 30th, 2008 at 12:08 pm
Pralay,
You never answered the question about your zip.
———
Let me answer you in your style (post#108) - I don’t know which zipcode you are talking about. Being “Priced Out Forever” renter I rented many places and moved many times.
June 30th, 2008 at 12:43 pm
Pralay,
What’s up with avoiding the questions? You want answers from me but don’t want to say anything about yourself? Your buddy Madhaus believes it’s a sure sign of being ashamed of your job, and being ashamed of where you live.
If you can be open and transparent, I’d be happy to do the same.
June 30th, 2008 at 12:46 pm
>>I don’t know which zipcode you are talking about.
Let me make it real simple. The questions are:
1. Which zip do you currently reside in?
2. What kind of job do you do that prevents you from owning a home?
June 30th, 2008 at 12:48 pm
Bob,
Do you have any problem with day-traders? This kind of person is not really investing in the companies, but just trying to make a quick buck.
June 30th, 2008 at 1:02 pm
You want answers from me but don’t want to say anything about yourself?
——–
I answered this question earlier posts. The only reason I asked you about the year of your home purchase because you made sales pitch like “If you don’t get into a house right now…. bla bla bla” in the pretense of giving advise.
Too bad that you haven’t figured this out already.
——-
Your buddy Madhaus believes it’s a sure sign of being ashamed of your job, and being ashamed of where you live.
——
Madhaus would be in best position to answer it, not me. My best guess is that he asked you because most of your posts sound like a real estate agent - asking people to jump into housing market and buy home NOW. It raises doubt if you really tech guy. There are other homeowners and real estate investors who visit this blog regularly (e.g. WillowGlenner). They never make sales pitch like you. Due to this reason, although many people disagree with WG, they never question about his profile.
June 30th, 2008 at 1:07 pm
1. Which zip do you currently reside in?
——-
Although I have mentioned it somewhere else, I have no reason to answer your specific question, because you never answered which year you bought your home.
——
2. What kind of job do you do that prevents you from owning a home?
——-
Nice try. I have to repeat the old used car salesman’s analogy again “How much you can you pay per month?”
What prevents me? Just common sense. Does it answer your question?
June 30th, 2008 at 1:22 pm
You can do better than that. Madhaus and I both shared more info. At least you can tell us what kind of tech guy? For examples:
- Programmer?
- Support guy?
- Business analyst?
RE, Business analysts are not tech d00dz, they’re finance d00dz. Totally different part of the company, rarely part of engineering division. You demonstrate your lack of technicity with every post. You’re not a tech d00d if you’re in management unless you came out of the tech ranks to begin with, which I doubt. You don’t have the mindset for it. Too sloppy. Tech d00dz don’t make constant logic errors.
Again: What zip code do you live in, RE? Why is this question so threatening? Is it because it’s a non-prestige zip? (Yup.)
When did you buy the house you live in now? What are the terms of your mortgage (don’t have to give amount, just % down, interest rate, fixed/variable, does it convert, any neg-am, etc). Why is this question so threatening? Is it because you own much less than you’ve told us? (Yup.)
These are not difficult questions, but you sure are having a hard time answering them. Now why would that be?
You did not provide “more info.” Pralay has. You’ve played little “I know you are but what am I” games that even my kids are too old for. Very second grade.
My best guess is that [madhaus] asked you because most of your posts sound l