Looks like “Grateful Owner” is in better shape than 99% of others who have a mortgage. He can afford it if his home goes into negative territory. Enjoy your home. (I bet you get a lot of new neighbors over the next four to five years)
JWM makes a very valid point in regards to what the future has in store.
And I quote: “No, the market won’t be driven by emotion. It will be driven by banks that can’t hold on to properties any longer when desperately trying to raise capital.”
“Maybe then, starter homes (~1500 sq-ft) in Mira Mesa would be around $100k-$130k.”
Considering the age and quality of the housing stock in MM, that is where the prices should be. I know, because I’ve been renting one for the past three years in MM.
“Maybe then, starter homes (~1500 sq-ft) in Mira Mesa would be around $100k-$130k.”
Considering the age and quality of the housing stock in MM, that is where the prices should be. I know, because I’ve been renting one for the past three years in MM.
“Maybe then, starter homes (~1500 sq-ft) in Mira Mesa would be around $100k-$130k.”
Considering the age and quality of the housing stock in MM, that is where the prices should be. I know, because I’ve been renting one for the past three years in MM.
“Maybe then, starter homes (~1500 sq-ft) in Mira Mesa would be around $100k-$130k.”
Considering the age and quality of the housing stock in MM, that is where the prices should be. I know, because I’ve been renting one for the past three years in MM.
“Maybe then, starter homes (~1500 sq-ft) in Mira Mesa would be around $100k-$130k.”
Considering the age and quality of the housing stock in MM, that is where the prices should be. I know, because I’ve been renting one for the past three years in MM.
Since you’ve been renting in MM, you should know the cost of rental in that area. If price gets down to $100-130k, I’ll buy several as rental. With 20% down, you’re looking at mortgage around 4-500/month and renting it for 1600-1800/month. What more can you ask for. Even after the 1990 recession and massive job loss in SD, rents of a SFR was around 1000-1200/month.
Since you’ve been renting in MM, you should know the cost of rental in that area. If price gets down to $100-130k, I’ll buy several as rental. With 20% down, you’re looking at mortgage around 4-500/month and renting it for 1600-1800/month. What more can you ask for. Even after the 1990 recession and massive job loss in SD, rents of a SFR was around 1000-1200/month.
Since you’ve been renting in MM, you should know the cost of rental in that area. If price gets down to $100-130k, I’ll buy several as rental. With 20% down, you’re looking at mortgage around 4-500/month and renting it for 1600-1800/month. What more can you ask for. Even after the 1990 recession and massive job loss in SD, rents of a SFR was around 1000-1200/month.
Since you’ve been renting in MM, you should know the cost of rental in that area. If price gets down to $100-130k, I’ll buy several as rental. With 20% down, you’re looking at mortgage around 4-500/month and renting it for 1600-1800/month. What more can you ask for. Even after the 1990 recession and massive job loss in SD, rents of a SFR was around 1000-1200/month.
Since you’ve been renting in MM, you should know the cost of rental in that area. If price gets down to $100-130k, I’ll buy several as rental. With 20% down, you’re looking at mortgage around 4-500/month and renting it for 1600-1800/month. What more can you ask for. Even after the 1990 recession and massive job loss in SD, rents of a SFR was around 1000-1200/month.
