Comments on: Five Stages of Buyers’ Grief http://www.bubbleinfo.com/2009/06/19/five-stages-of-buyers-grief/ An insider's guide to North San Diego County Real Estate Thu, 11 Mar 2010 23:57:28 -0700 hourly 1 By: Jim the Realtor http://www.bubbleinfo.com/2009/06/19/five-stages-of-buyers-grief/comment-page-2/#comment-16909 Jim the Realtor Mon, 22 Jun 2009 21:11:30 +0000 http://www.bubbleinfo.com/?p=3536#comment-16909 That's what I'm trying to expose here at bubbleinfo.com. When all you hear and read is that the market is in the tank, when you actually get in the game and try to buy a house, it's much harder than you'd think. I did the sellers' five back when it was a buyer's market: http://www.bubbleinfo.com/2006/10/five-stages-of-seller-grief/ That’s what I’m trying to expose here at bubbleinfo.com.

When all you hear and read is that the market is in the tank, when you actually get in the game and try to buy a house, it’s much harder than you’d think.

I did the sellers’ five back when it was a buyer’s market:

http://www.bubbleinfo.com/2006/10/five-stages-of-seller-grief/

]]> By: Lam http://www.bubbleinfo.com/2009/06/19/five-stages-of-buyers-grief/comment-page-2/#comment-16901 Lam Mon, 22 Jun 2009 17:00:48 +0000 http://www.bubbleinfo.com/?p=3536#comment-16901 I'm very smart so please excuse me for asking dumb questions. Isn't this suppose to be a buyer's market? If it is, why is the buyer facing these headaches? Isn't this market suppose to be a seller's problem? Will there be a sequel to this article - The Five Stages of Sellers' grief? I’m very smart so please excuse me for asking dumb questions. Isn’t this suppose to be a buyer’s market? If it is, why is the buyer facing these headaches? Isn’t this market suppose to be a seller’s problem? Will there be a sequel to this article – The Five Stages of Sellers’ grief?

]]> By: JimB http://www.bubbleinfo.com/2009/06/19/five-stages-of-buyers-grief/comment-page-2/#comment-16826 JimB Sat, 20 Jun 2009 17:54:50 +0000 http://www.bubbleinfo.com/?p=3536#comment-16826 "Who knows, if things continue as they have been, I may even be able to afford a home here in sunny CA." While I don't know what you do for a living, your post here illustrates how much more correction may still be needed. As you work at the University the theory is you create value to this society. But in CA and in some other cases, people who were not creating value were taking wealth from them who did. This is too complicated to exctly explain in here, but the bottom line is housing as an asset class days probably are numbered. If so, one day you'll be able to buy something you like and have the transaction be win-win instead of win-lose. I would not be shocked if 10 years from now school teachers live 2 miles from the coast with room for their family. “Who knows, if things continue as they have been, I may even be able to afford a home here in sunny CA.”

While I don’t know what you do for a living, your post here illustrates how much more correction may still be needed.
As you work at the University the theory is you create value to this society.

But in CA and in some other cases, people who were not creating value were taking wealth from them who did. This is too complicated to exctly explain in here, but the bottom line is housing as an asset class days probably are numbered.

If so, one day you’ll be able to buy something you like and have the transaction be win-win instead of win-lose.

I would not be shocked if 10 years from now school teachers live 2 miles from the coast with room for their family.

]]> By: Erin http://www.bubbleinfo.com/2009/06/19/five-stages-of-buyers-grief/comment-page-2/#comment-16823 Erin Sat, 20 Jun 2009 16:40:38 +0000 http://www.bubbleinfo.com/?p=3536#comment-16823 Thanks Jim. I had no idea. That is rough. So Cal real estate is nothing like it was in North Carolina. But on the bright side, now I don't feel so bad that we hadn't found a house yet. Thanks Jim. I had no idea. That is rough. So Cal real estate is nothing like it was in North Carolina.
But on the bright side, now I don’t feel so bad that we hadn’t found a house yet.

]]> By: Todd http://www.bubbleinfo.com/2009/06/19/five-stages-of-buyers-grief/comment-page-2/#comment-16820 Todd Sat, 20 Jun 2009 16:05:44 +0000 http://www.bubbleinfo.com/?p=3536#comment-16820 Rational expectations: My wife works at UCSD and 3 people in her office were just laid off. Even UCSD is not safe. So, why would anyone buy a house??? Because it CASH FLOWS? We'll, my 3 other rentals just got new tenants at rent that is 35% cheaper. RENTS ARE GOING DOWN! Cash flow now does NOT MEAN CASH FLOW LATER! People are moving back with Mom and doubling up. It's not good to do anything now or for maybe 3 years at LEAST! Rational expectations:

My wife works at UCSD and 3 people in her office were just laid off.

Even UCSD is not safe.

So, why would anyone buy a house???

Because it CASH FLOWS? We’ll, my 3 other rentals just got new tenants at rent that is 35% cheaper. RENTS ARE GOING DOWN! Cash flow now does NOT MEAN CASH FLOW LATER!

People are moving back with Mom and doubling up. It’s not good to do anything now or for maybe 3 years at LEAST!

]]> By: Kingside http://www.bubbleinfo.com/2009/06/19/five-stages-of-buyers-grief/comment-page-2/#comment-16810 Kingside Sat, 20 Jun 2009 13:39:10 +0000 http://www.bubbleinfo.com/?p=3536#comment-16810 "Yeah, from the first time you decide, yes, I’m going to look for a house, and dedicate the necessary time and energy, it’s 6-8 months on average." LOL, maybe we have not been putting enough energy, but my wife and I have been looking to move up now for 12 years. “Yeah, from the first time you decide, yes, I’m going to look for a house, and dedicate the necessary time and energy, it’s 6-8 months on average.”

LOL, maybe we have not been putting enough energy, but my wife and I have been looking to move up now for 12 years.

]]> By: Osidebuyer http://www.bubbleinfo.com/2009/06/19/five-stages-of-buyers-grief/comment-page-2/#comment-16807 Osidebuyer Sat, 20 Jun 2009 07:13:19 +0000 http://www.bubbleinfo.com/?p=3536#comment-16807 Ahhh just finished the 5 stages (ur right jim 6 mos. & solid job). Moved into my 4bd house last wkend. Any of u skeptics tell me how I went wrong 4 less than $300k. But renting is still a steal, u bears might want my old place on the strand, it's up 4 grabs now 804 n. The strand #17 www.propertyadvantage.com. gonna miss that view Ahhh just finished the 5 stages (ur right jim 6 mos. & solid job). Moved into my 4bd house last wkend. Any of u skeptics tell me how I went wrong 4 less than $300k. But renting is still a steal, u bears might want my old place on the strand, it’s up 4 grabs now 804 n. The strand #17 http://www.propertyadvantage.com. gonna miss that view

]]> By: tj and the bear http://www.bubbleinfo.com/2009/06/19/five-stages-of-buyers-grief/comment-page-2/#comment-16804 tj and the bear Sat, 20 Jun 2009 06:15:11 +0000 http://www.bubbleinfo.com/?p=3536#comment-16804 More good news... <a href="http://www.moneyandmarkets.com/new-hard-evidence-of-continuing-debt-collapse-34202" rel="nofollow">New, Hard Evidence of Continuing Debt Collapse!</a> <i>While most pundits are still grasping at anecdotal “green shoots” to celebrate the beginning of a “recovery,” the hard data just released by the Federal Reserve reveals a continuing collapse of unprecedented dimensions. <b>Bottom line: The first quarter brought the greatest credit collapse of all time.</b></i> More good news…

New, Hard Evidence of Continuing Debt Collapse!

While most pundits are still grasping at anecdotal “green shoots” to celebrate the beginning of a “recovery,” the hard data just released by the Federal Reserve reveals a continuing collapse of unprecedented dimensions.

Bottom line: The first quarter brought the greatest credit collapse of all time.

]]> By: Jim the Realtor http://www.bubbleinfo.com/2009/06/19/five-stages-of-buyers-grief/comment-page-2/#comment-16803 Jim the Realtor Sat, 20 Jun 2009 05:45:05 +0000 http://www.bubbleinfo.com/?p=3536#comment-16803 Should we blame this frenzy-like experience on the Lakers' run, causing giddy-ness throughout the southland? Should we blame this frenzy-like experience on the Lakers’ run, causing giddy-ness throughout the southland?

]]> By: Chrisg http://www.bubbleinfo.com/2009/06/19/five-stages-of-buyers-grief/comment-page-2/#comment-16802 Chrisg Sat, 20 Jun 2009 05:41:41 +0000 http://www.bubbleinfo.com/?p=3536#comment-16802 Hey Jim, I'm still in the hunt, but the inventory in San Marcos is clearing really fast. As you've noted, anything attractive goes on and off quickly.My neighbors on Camino Hermoso didn't even get posted on MLS before they were in escrow. I'm probably going to target Dec Jan as we have a new baby due in August. Plus, that gives ample time for the market to correct. You can't keep printing money without expecting the market to react. This situation is not sustainable. C Hey Jim,

I’m still in the hunt, but the inventory in San Marcos is clearing really fast.

As you’ve noted, anything attractive goes on and off quickly.My neighbors on Camino Hermoso didn’t even get posted on MLS before they were in escrow.

I’m probably going to target Dec Jan as we have a new baby due in August.

Plus, that gives ample time for the market to correct.

You can’t keep printing money without expecting the market to react. This situation is not sustainable.

C

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