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momopi, Did you luck out and make money like I did? Or did you see the bubble coming and took advantage of it in a measured way? Again, I am only asking because I'm curious as to if people on this blog saw it coming and if they did, how confident were they that it was really coming...

IR, I've read most of your very informative posts here and know that you have as good or better understanding of the housing market than most. Given that your income was unstable from 2001-2003 and knowing what we know now, <em>could</em> you have taken an option-ARM and made a killing...

awgee, Do you find predicting housing cycles easy to do? Or was there a significant amount of uncertainty even with your knowledge? I am starting to believe that it may at least be easier than predicting stock prices, or at the extreme, futures prices. This is because it seems these cycles...

Now that most of us on this blog have seen the signs of impending doom for months--and are hunkering down for it--I think it is important to look back into the past at how we responded to the increasing bubble. I figure that the often used cliche of "hindsight is 20/20" applies here. If we...

I would also currently buy at about 3-3.5x income, at least 20% down, 30 years fixed. Or 5x income with neg-am loan (jk!). However, I would like to bring up that this may change if my income changes. If I made 70K then I would only be comfortable with up to 2.5x as food, gas, and utility...

After looking at all the financial aspects, I am now planning to sell my rental property to my renters (for details, see the previous discussion <a href="../../../discussion/385/sell-my-house-now-or-keep-leasing-it-out-at-a-loss/#Item_46">Sell my house now or keep leasing it out at a loss?</a>)...

<em>"Generally speaking, the losses are deducted from TRock's income every year unless he makes over a threshold amount. If TRock does make over a threshold amount the losses over the threshold amount are carried forward without his having to form anything.</em> " awgee--Thanks again for...

What a coincidence! My parents came over for Father's Day. I'm renting right now (but have a house I'm thinking of selling, see other thread). He says to me "I've heard that housing prices are going up." I try to tell him otherwise, but he says "...that's what I heard on the news." He...

reason, I thought that I have to live in a house for two out of five years to avoid capital gains? How does buying it in 2002 help me avoid it?

I am going to look more closely at my true losses as I am actually losing about $200 per month if I factor in the principal I am paying and the interest savings. I'll discuss it more with my accountant. Zovall, I guess I was seeing the rental property as a "home," something that I...

Thanks everyone for your comments, they have been very helpful. It think I see the "logical" thing to do is to sell right now...it's just the emotions that get in the way. The idea of having a nice and fairly new house in Irvine that I got at a good and lucky price (I can't claim to have seen...

I'm a long time lurker on this blog and would like some feedback on my situation. I have a rental property, an Irvine detached condo I bought brand new at the end of 2002. It has appreciated significantly, the peak equity being 300K over the price I paid for in mid 2005. Of course it is less...

Consider the Quail Hill area (south of the 405 at Sand Canyon exit). The prices there are close to your range and should drop even further. I currently rent there in an attached condo and love it. I had sold my 3/3 detached condo there last year but couldn't leave the area. It is the...