I guess their best isn’t going to be good enough. You want to spend 600k right now you can get a third of an acre 4 car non tandem garage in Morgan valley (not morgan hill, just behind, all on monster lots).
There are no pictures of the inside as is common with repos and redfin plots them in the wrong neighborhood but I assure you these houses are the bomb and only an idiot would pay that in Wolf right now. I would buy in Wolf, it’s nice but it’s only nice at or under 250-300k for 2500 to 3000 sq ft. and it will be there in six months, I’ve posted 3000 sq for 350k just this week and 2200 sq for 314k on other threads, both in wolf. You think the bottom has been reached Redwood? Not a chance, the cracks are just showing there because it’s so new and the free six months mortgage falsely is holding it up. Every tract I see that starts having repos just sit, the new ones come in under the old ones and the race is on. The race just started in Redwood. Mark my words, I’ll find you one in the 4’s real soon and the 3’s by summers end. If that tract folds half built which I think it will, look for another 20% decline just because of that. Vacant lots of entire streets next to a high school, half of us lost our virginity on streets like that, how annoying is it to live there until the cycle ends and then what goes in later. What does all this mean for the Marlo of Temecula, it means that my dollar goes further, the depreciation will spread from the flatlands and up the hill. It means that this short sale for 650 will repo and the bank will throw it up later this year for under 400k because ten houses away one just sold for 429K and I’ll be standing there to score my 50% off bachelor pad, jacuzzi with a view, on the signature hole at Redhawk, safely behind the gates. With a kitchen that makes women start disrobing upon sight, I’ll call svelte’s interior designer for pole installation, and then I rule the world. Booyaaaa.
