Patrick.net

Follow
Befriend
19 threads
588 comments
Los Angeles, CA
Followed by 0
Following 0
Ignored by 4
Ignoring 0
Ignore dodgerfanjohn
Aliases
In United States
Registered Feb 16, 2011

dodgerfanjohn's most recent comments:

• On 16 May 2013 in The housing bears are rightfully frustrated, dodgerfanjohn said:

  zesta says
  

  Now I'm curious. For some of you that are currently renting and are in mid-thirty's or older, what's your plan for housing when you're 65?

  -saving and buying all-cash sometime down the road? Hypothetically, if home prices increase at the rate of inflation from this point on is there an age where you'd definitely buy?

  -saving and putting it towards paying rent after retirement. If this is the case, how are you projecting how much rent will be down the road and what your life expectancy might be?

  -renting somewhere that's rent controlled?

  Back up plan is cash purchase with savings in Las Vegas. In fact, if that's the route I decide to take, retirement at 55 is totally on the table. But I prefer LA.

  Fwiw, there's nice enough outlying areas to LA and OC that are similarly low priced such as Redlands and Temecula. If you have no concern with a commute, these are very nice communities with an hour or so drive into LA or OC...even to the beach.

  Another fwiw, I didn't make enough money to buy a house in 2000 when I was all of 27 years old. If I was making my current salary back then(of course reverse adjusted to what it paid in 2000), I would have EASILY been able to purchase a non modernized, non remodeled home in a NICE centrally located community for 4x income or less. Lower end homes in places like Burbank, Alhambra, Lakewood, Culver City, etc were $200-225k in 2000. Now those same homes start at $500k(except Lakewood and its getting closer) and more commonly are $600k and up.

• On 16 May 2013 in Housing starts plummet, dodgerfanjohn said:

  If housing is poised for a continued upward climb, why are there so few housin starts? It can be construction costs...downtown LA has multiple loft buildings going up at the moment, but this is basically the only location in LA with current construction projects.

• On 15 May 2013 in The housing bears are rightfully frustrated, dodgerfanjohn said:

  I don't really think that's a realistic mindset anymore(nor is retirement at 65 considering life expectancy nowadays).

  And yeah, my response to OP was in fact based on the notion that a silver spoon lies in wait. It's my typical response to realtors(like toothfairy) who hype the buy now or be priced out forever mantra and assume my responses are because they assume I'm all sour grapes because I did in fact get priced out.