[quote=desmond]One more thing, each place that we have moved to we watched crumble. The first was Valencia, 91354, were some newly built townhomes that sold for $600K they started dropping when we moved in in 2005 and now most are in foreclosure or on the market for under 300k. Then we moved to another neighborhood in 91355, homes started being vacated and we noticed extended families moving back home. Even the “exclusive” Hope Ranch in Santa Barbara,93110, was turning sour when we moved out.[/quote]
desmond, this is unfortunate but just be thankful you were only renters.
If you don’t mind, I’d just like to ask you:
“In hindsight, would you attribute the ‘crumbling’ of these areas to unnecessary ‘urban sprawl’ and available ‘easy-qualifying’ to buy into them at the time?”
