Ar_home_b_search
 

If you leave a comment, Jim will visit your blog and leave a comment.I'm not a big fan of year over year statistics, especially when it comes to real estate. They might be okay if one is tracking one's investment, but I don't think real estate should be used as an investment, unless it's a long-term investment.

I know it is tempting to sell one's home when it's appreciated 30% in the last year and take all that cash, but what is one going to do then? One still needs a place to live, but it's highly likely that in the real estate boom times, all the other homes have probably appreciated 30% in the last year, too. Granted, you might be able to make an appropriate down payment on the new home while putting some of that extra cash in one's bank account, but all that will do is get you into the habit of buying and selling real estate like stocks and bonds, and if the market takes a downward plunge like it has during the past four years, then one could using that extra cash -- and more! -- to make ends meet.

It's a habit that I personally prefer not to get into, and I think that if we could get people to actually buy homes and live in them while raising their families, perhaps even dying in those homes -- instead of buying and selling homes every two years like a stock or bond -- then we'll have a more stable real estate market, and perhaps even a more stable economy.

*****

Need help finding a home to raise your family in?
Need help buying or selling a home in San Diego County?
Moving here to work on Stimulus Bill projects?
Visiting and would like a vacation home here?

I can help you find the best just the right home or just the right buyers
to meet your real estate needs, wants, and goals.

I'm available 24/7, so feel free to contact me by phone or email.

*****

This week's posts (they'll open in a new window):

  1. SST (Speechless Sunday with Text): Daisy tree (really!) - 5/17/09
  2. Does the doggy (butt) come with it? - 5/15/09
  3. WWW (Wordless Wednesday with Words): Pictures of the different cat breeds - 5/13/09
  4. Renter, house sitter, and stager all rolled into one - 5/11/09
  5. Growth Leader, Week Four - 5/11/09

Last week's posts (they'll open in a new window):

  1. The hobo and the cat - 5/9/09
  2. Say hello to Abby, my neighbor's three-legged dog - 5/9/09
  3. Volunteer opportunities with Lions, Tigers & Bears in Alpine, California - 5/9/09
  4. Volunteer opportunities with the Pacific Southwest Railway Musuem - 5/9/09
  5. Restaurant review: La Jolla Brew House - 5/9/09
  6. WWW (Wordless Wednesday with Words): Please take care of Old Glory - 5/6/09
  7. Upcoming garden tours in San Diego County - 5/5/09
  8. Balboa Park chooses waterwise landscaping - 5/5/09
  9. Wasteful water practices apparently end for CalTrans - 5/5/09

Inspired by nature? Join the Inspired By Nature Group.

Classical music lover? Join the Classical Music Group.

Want to share a good book? Join the Active Rain Book Club.

 

♪♫♫♫♪

If you're looking for a great real estate agent in San Diego, well,
let me Google one for you.

I'm available 24/7, so feel free to contact me by phone or email.

Jim Frimmer, Realtor
Century 21 Award Mission Valley
California DRE License #01458572
619-729-5701
jimfrimmer@century21award.com
Mission Valley Condos Information

♪♫♫♫♪

Click here to subscribe to Jim's blog

♪♫♫♫♪

For great photography tips and tricks, follow Russel Ray Photos on Wordpress.

 
This post has been included in California Real Estate News San Diego County, CA Real Estate News
Post is included in group: EXPRESS WITH WORDS AT ACTIVERAIN
Post is included in group: Everything California
Post is included in group: CALIFORNIA DREAMING
Post is included in group: Addicted to Active Rain
Post is included in group: Active Rain Block Party

12 Comments on My view of real estate

MAY
17
2009
364,412 Points 12 Featured Posts Localism Sponsor Outside Blog

Nice point.  We create a chart on Excel by taking a given price range band for a given time period (usually 3 months) and pull it back to 2001.  It is an eye opener for those that bought in 2002 or thereafter that are expecting a price increase.  The chart shows that we are at our lowest point in 10 years on selling prices in price bands over $400k. It is hard to dispute a chart.......

11:49am • #1
763,337 Points 62 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Jim..exactly.  Well said!  If folks would get over this idea of their home being an ATM machine ......welll I guess it's a little late for that to sink in, now isn't it.  We use charts to show 'here are all the listing............here are the homes that sold (not many in the upper range) and here is your home.  What group do you want to be?  Sold?  Or with all the other unsold homes?  It's always a choice. Reality does set it at some point. They either get the price down to where it should be to seel or they take it off the market if they don't have to sell.

11:55am • #2
1,028,607 Points 27 Featured Posts Outside Blog Called Shot Master

Hey, Tim and Anna.

I liked the key words "eye opener" and "ATM machine." LOL

12:03pm • #3
706,624 Points 6 Featured Posts Outside Blog Called Shot Master

I think that's how housing was perceived, but once it was commoditized, and the perception changed, I'm not sure that we can go back to those earlier days.    Perhaps.....

12:03pm • #4
MAY
29
2009
184,739 Points Localism Sponsor Outside Blog

Well said.  If people would buy for the long term and not use their homes as cash machines, many of today's problems wouldn't exist. 

3:24pm • #5
1,028,607 Points 27 Featured Posts Outside Blog Called Shot Master

Hey, Li - I think the "good old days" are far behind us, now, unfortunately.

Hey, David - One of the biggest cash machines -- LOL. Unfortunately, other industries have also seen them as big cash machines -- banks, credit agencies, even Realtors.

3:27pm • #6
NOV
14

Just stopping by to make sure that we have all of the photographs from your older blog posts in our photograph collection.

7:28pm • #7
DEC
03

I left a surprise for you in my blog post this morning. Let me know when you find it. What? You thought I was going to tell you exactly where it is? Ha! This comment is a clue, though.

Happy Saturday!

1:29pm • #8
124,530 Points 1 Featured Post Outside Blog Called Shot Master

Thanks to Russel for sharing this post.  I agree 100%.  Used to be our homes were just that - homes, not a source of revenue for buying boats, cars, or other homes.  Our homes should eventually be owned so we have a place to retire to, or sell and move on and pay cash for something else!  Best of luck!

1:29pm • #9
156,940 Points 3 Featured Posts Outside Blog Called Shot Master

Agreed. This is a great and old-fashioned concept that we should be getting back to. It's nice to plant roots.

7:16pm • #10
DEC
04
314,722 Points 4 Featured Posts Localism Sponsor Outside Blog Attended Rain Camp Called Shot Master

Hi Jim, Russel shared this blog with me and it certainly is a worthy read indeed.  So many people were using their homes like banks.  Taking out home equity loans and then going to buy a boat or motorcycle etc...  In my mind I would never take out a loan on my home unless there was no other means and it was absolutely necessary to do so. Now with so many Short Sales the home owners want the bank to forgive the home equity loan and guess what they still enjoy that motorcycle or boat.  So many were not actually using the home for what it is.  The American dream was to to to school, get a good job, buy a home, have a family and support your community.  It is so sad how many ways the Housing market has been abused we could go on all day.  

8:17am • #11
764,673 Points 1 Featured Post

I agree too and well said.  I had to comment b/c I saw Russel reblog it..have a great sunday...go pack go!

10:30am • #12

What does the graphic say?

Leave a response…



(optional)
What does the graphic say?
 
Jim_landscape Rainmaker_large

Jim Frimmer, Realtor and CDPE, Mission Valley, CA DRE #01458572

San Diego, CA

More about me…

Century 21 Award

Address: 7676 Hazard Center Drive,, Suite 100, San Diego, CA, 92108-4504

Office Phone: (619) 471-2212

Cell Phone: (619) 729-5701

Email Me



Listings

Links

Archives

RSS 2.0 Feed for this blog