Yeah, you mentioned earlier when you said you talked to people.. family, friends, realtors.. all thought that housing “couldn’t get any lower!” Everyone told you to consider the sources yet you bought anyway.. on the premis that you LOVED the house, and etc. etc. Now it’s a pile of garbage eh?
“Submitted by 23109VC on April 21, 2007 – 1:21pm.
it’s not a condo. they are SFR’s, detached. I checked the property records, tax assessor records etc. NOT a condo.
I know what you mean about some places that “look” like houses but aren’t. lennar built a development a few miles from harveston up Winchester called Griffith park, or Griffith Place..somethingl ike that. i thikn they call them “courtyard homes”. each structure is freestanding…no shared walls..but they are ON the property lines, and they share driveways….”guest parking” spaces, like a condo. they look/feel like condos in size and the “crammed” in feel..but yet they are “free standing”. they are condos.
Sausalito in Harveston are houses. you own the house and the lot. albeit the lots are on the small side, you still own it.
Despite a lot of you who are telling me NOT to do it, we are leaning toward buying. $350k for a 1900 sq ft house that is loaded with upgrades, in a nice community, in a good part of temecula, with a good location w/in harveston… no hassle of moving, (while my wife is pregnant), we can still get 100% financing, and the sller wil pay ALL our closing costs…
i don’t see these homes hitting high 200s. i think the worst it will get is 300-325k. i could be totally wrong..but if i’m right, and that’s the worst it gets, i’m not really doin that badly.
we have actually thought of bying it for 350k and then immediately listing it for sale at 440k…. and maybe being able to flip it to some sucker. 🙂 if we can’t sell it, we’ll happily stay.
”
It wasn’t a lot of people, it was everyone.. eh.. get it adjusted.. or foreclose, your credit, justify it as I’m sure you will, another reason 20% down has to be the norm., then this decision won’t be so easy
