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Inside is better than the garage, but not for $15K. And I don't like stackable because 1) my wife is short, and 2) the quality of units offered on stackables are limited compared to side-by-sides. Washer/Dryer units are one of those household goods, such as mattresses, where quality is more...

This is the “normal” reasons for getting an I/O option. They are designed for those who work on a commission basis, or have substantial periodic bonuses, who can make larger lump-sum payments. There is nothing wrong with these types of loan options, as long as you are the type of person where...

<p>Hi Bruingirl,</p> Since you’re a Bruin girl, by all means, buy now at full price! Go Trojans! Okay, I’m just kidding, I actually like UCLA, my sister went there. But I’m an SC guy, so had to give you some hell. As for the right time to buy, I think you have to be comfortable with the...

<p>Reason,</p> <p>You keep saying incorrect data, but we are getting our data from very common public sources, such as Ziprealty and Redfin, and saying so. They are realty companies, and you can check them yourself by going into their websites. I don't understand your assertion that these...

The only one I could find on is 113 Chantilly, a 2/2.5, 1355sf for $539.9K. Upgraded with wood floors in living areas, appears to have fairly well-upgraded kitchen, and painted in neutral colors. No sales history. Redfin shows that nothing has really sold out there in a while… Assuming it sells...

Reason, So now I’m confused… I have been studying the Irvine & OC market since early ’04, and back in 2005, the $510K typically got you a 2+2, 1000-1100sf condo in Irvine. The homes in the high $500K-low $600K range today are typically a 1600-1700sf townhomes that were going for high...

Reason, Okay, you’re not that smart. You said it, not me. But let me see if I can support that claim. First, that $.50 candy bar SHOULD cost $1.50 ($2 actually), per the inflation rate. That $70K house should NOT cost $600K, it should cost about $200K if you follow the same...

<p>Reason,</p> <p>I see that most on the posters do not believe that you actually have "made" money on your '05 purchase, despite your insistence. To dispel the doubters, may be you should give us the stats on your purchase: how much, sq ft, where, etc. That should give everyone a good idea...

I think you and I are in agreement fundamentally Tyler, in that the generalization made by bkshopr is not necessarily true for vast majority of the Asians in the Southland (per my initial post). Where we disagree are regarding the basis of bk’s generalizations. He did not initially clarify the...

<p>Wow, 24 and looking to buy a non-starter home in Newport Coast in a few years? And rental homes for investments on top of that? If your husband's (or your) company is hiring, let me know, I would like to also have a job that enables me to do that!</p> <p>Sorry, no input on your question...

I would have to disagree with you, Tyler, I do not think the fried chicken comment is equivalent to bk’s statements. I think bk is making statements based on marketing research, not on assumptions based on his anecdotal observations. That puts some validity into his statements. In marketing, you...

Wow, this is an involved topic… As a first generation Korean, I found bk’s research to be fascinating. Mostly things I’ve observed countless number of times myself living in SoCal, so I think it’s easy to conclude that this may be the case. However, I have made some observations about bk’s...

How did a credit score service question turn into a debate on the macros of debt management? Anyway, I think everyone is basically making the same point, just coming from two opposite directions. Manageable debt is good, over-leverage is not, isn’t that the point? In big business, it is a...

Optimal time to buy is a judgment call, but I will offer my opinion: I think the 2^nd half of 2008 will be the time to get back into the market, and should be fine for the next 2-3 years thereafter. I made my determination based on my assumptions about price level, rent-to-mortgage...

Let’s see, you guys are spending not much more than 10% of gross income on housing? I would say that is pretty efficient, and I don’t see why you would have to change that. So the obvious answer would be option 5, but I know that is not entirely up to you. I was at a point a few months ago when...

<p>"NIR....so is that how you sell the houses you are the RE for?"</p> <p>I would hope my agent looks out for that stuff. Just because I, as a homebuyer, does not care about that so much, does not mean that the agent should not. In fact, I think it is their fiduciary duty to assess whether...

Arctic, I am one of those waiting with you to buy a home that I presently cannot afford. I would love to get into the Astoria models, but I can’t afford it unless it comes down another $100K or so. But every time I think “what if I made $100K more per year?”, I ask myself whether I would...

Let’s do some ROUGH math: Supposing the price of the house stays the same for the next 5 years, when you are wanting to get out, Buy: $4600/mo x 60mo = $276000 – $90000 (deduction) = $186000 outlay Rent: $2200/mo x 60mo = $132000 * 3.5% inflation = $141500 outlay + $2400/mo...

IR's article is a great place to start. To be brief, yes, there is a relationship between house prices and rent. Suffice it to say that as of right now, that relationship is skewed significantly towards the housing side. Meaning, housing prices are significantly higher than rent right now.

Interesting that Toscano’s income-to-price timeline is about 12 years as well. I want to emphasize that I don’t think it will take 12 years for prices to be in line. I think prices will come down, so the time horizon for buying should be considerably less than this. We’ve already seen declines...