- This topic has 62 replies, 14 voices, and was last updated 16 years, 11 months ago by
Raybyrnes.
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August 11, 2007 at 10:13 PM #73648August 11, 2007 at 10:29 PM #73660
jimmyle
ParticipantSD R,
After checking out the Dabney house, we have decided not to look for another house for a while. I am moving to Mira Mesa in October and looking for an apartment for a one year lease for now. Hopefully I will get something similar for under $460K at the end of next year. %10 down and no jumbo loan.
Jimmy
August 11, 2007 at 10:29 PM #73534jimmyle
ParticipantSD R,
After checking out the Dabney house, we have decided not to look for another house for a while. I am moving to Mira Mesa in October and looking for an apartment for a one year lease for now. Hopefully I will get something similar for under $460K at the end of next year. %10 down and no jumbo loan.
Jimmy
August 11, 2007 at 10:29 PM #73654jimmyle
ParticipantSD R,
After checking out the Dabney house, we have decided not to look for another house for a while. I am moving to Mira Mesa in October and looking for an apartment for a one year lease for now. Hopefully I will get something similar for under $460K at the end of next year. %10 down and no jumbo loan.
Jimmy
August 11, 2007 at 10:41 PM #73661temeculaguy
ParticipantThat house or one like it, 450k, December 2007, final answer. It’s not a eye dropper, it’s in a mid level area, it’s close enough in price to get to where a 10% or 15% down buyer can avoid the “jumbo tax” that was recently reinstated. The buyer of that home is not deciding between that and a 900k house in cv, they are looking 50k up or down and they will find more financing options at the 50k down house. Put a toy boat in at a rivers edge it sits there, push it out far enough and the current takes it. The current has been set at 417k.
August 11, 2007 at 10:41 PM #73667temeculaguy
ParticipantThat house or one like it, 450k, December 2007, final answer. It’s not a eye dropper, it’s in a mid level area, it’s close enough in price to get to where a 10% or 15% down buyer can avoid the “jumbo tax” that was recently reinstated. The buyer of that home is not deciding between that and a 900k house in cv, they are looking 50k up or down and they will find more financing options at the 50k down house. Put a toy boat in at a rivers edge it sits there, push it out far enough and the current takes it. The current has been set at 417k.
August 11, 2007 at 10:41 PM #73540temeculaguy
ParticipantThat house or one like it, 450k, December 2007, final answer. It’s not a eye dropper, it’s in a mid level area, it’s close enough in price to get to where a 10% or 15% down buyer can avoid the “jumbo tax” that was recently reinstated. The buyer of that home is not deciding between that and a 900k house in cv, they are looking 50k up or down and they will find more financing options at the 50k down house. Put a toy boat in at a rivers edge it sits there, push it out far enough and the current takes it. The current has been set at 417k.
August 11, 2007 at 10:45 PM #73546SD Realtor
ParticipantYou done good Jimmy….You will be celebrating your decision next year bigtime.
SD Realtor
August 11, 2007 at 10:45 PM #73665SD Realtor
ParticipantYou done good Jimmy….You will be celebrating your decision next year bigtime.
SD Realtor
August 11, 2007 at 10:45 PM #73671SD Realtor
ParticipantYou done good Jimmy….You will be celebrating your decision next year bigtime.
SD Realtor
August 11, 2007 at 10:46 PM #73549temeculaguy
ParticipantJimmy, I was typing while you posted so I didn’t read your and you proved my point. Same thing happened in the Late eighties, early nineties with FHA and VA limits, in areas where they were a dominant lender of the buyers of those houses, anything priced above their limits were pressured to conform.
August 11, 2007 at 10:46 PM #73670temeculaguy
ParticipantJimmy, I was typing while you posted so I didn’t read your and you proved my point. Same thing happened in the Late eighties, early nineties with FHA and VA limits, in areas where they were a dominant lender of the buyers of those houses, anything priced above their limits were pressured to conform.
August 11, 2007 at 10:46 PM #73674temeculaguy
ParticipantJimmy, I was typing while you posted so I didn’t read your and you proved my point. Same thing happened in the Late eighties, early nineties with FHA and VA limits, in areas where they were a dominant lender of the buyers of those houses, anything priced above their limits were pressured to conform.
August 29, 2007 at 7:22 AM #82370jimmyle
ParticipantThe price was lowered to $465K-$515K today. I expected the house would be sold quickly when the price was $485-$530K three weeks ago but SD Realtor said it might not. He was right.
http://www.sdlookup.com/MLS-072062920-10640_Penara_St_San_Diego_CA_92126
August 29, 2007 at 8:07 AM #82373bsrsharma
ParticipantThat is a good $50K band. They probably need another re-tune to $415K-$465K for sparks to fly.
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