4s ranch builder price advice

[randy]

Guys,
Need a little advice here. I am new to the area..moving from out of state. I went to few places with my realtor and liked a house in 4S ranch. It is ~3500 sq ft and the builder is offering that for ~$670K. Based on my research, this is the level prices were in early 2003 (pre-bubble) for a similar sized home.

The big difference is on the Mello-roos. 2002/2003 buyers used to pay ~$2K/year while we are now forced to pay ~$5K/year.

Do you think this is a deal worth pursuing assuming that I like the house? Can Mello-roos go down in the future? What is the risk of home prices going down even further in the future. It is currently @$190/sqft Vs Market Avg of ~$230/sqft.

Am I better off waiting for the storm to cool??

I can really use some advice here.

Thanks.

[lendingbubblecontinues]

If you’re not scared that it could be had for $470K in two years, by all means go ahead and buy it!

Mello-roos will only be with you for 30-40 years…no worries there, either.

One last thing…this bubble began long before 2003, my friend…it was on Wall Street’s drawing board in early 2000.

[lendingbubblecontinues]

If you’re not scared that it could be had for $470K in two years, by all means go ahead and buy it!

Mello-roos will only be with you for 30-40 years…no worries there, either.

One last thing…this bubble began long before 2003, my friend…it was on Wall Street’s drawing board in early 2000.

[lendingbubblecontinues]

If you’re not scared that it could be had for $470K in two years, by all means go ahead and buy it!

Mello-roos will only be with you for 30-40 years…no worries there, either.

One last thing…this bubble began long before 2003, my friend…it was on Wall Street’s drawing board in early 2000.

[lendingbubblecontinues]

If you’re not scared that it could be had for $470K in two years, by all means go ahead and buy it!

Mello-roos will only be with you for 30-40 years…no worries there, either.

One last thing…this bubble began long before 2003, my friend…it was on Wall Street’s drawing board in early 2000.

[lendingbubblecontinues]

If you’re not scared that it could be had for $470K in two years, by all means go ahead and buy it!

Mello-roos will only be with you for 30-40 years…no worries there, either.

One last thing…this bubble began long before 2003, my friend…it was on Wall Street’s drawing board in early 2000.

[flyer]

What development in 4S are you looking at? Some friends recently bought in Silhouette, and we’ve heard they are selling quite well.
Pienza will be sold out by April.

If you NEED a home in the area soon, it sounds like a good price, if not, you might want to wait.
Either way, Mello-Roos will not be going away.

Also might want to consider what interest rates will be in the next few years. Since my house is paid off, I’m hoping for 10% Jumbo CD’s in the very near future.

[flyer]

What development in 4S are you looking at? Some friends recently bought in Silhouette, and we’ve heard they are selling quite well.
Pienza will be sold out by April.

If you NEED a home in the area soon, it sounds like a good price, if not, you might want to wait.
Either way, Mello-Roos will not be going away.

Also might want to consider what interest rates will be in the next few years. Since my house is paid off, I’m hoping for 10% Jumbo CD’s in the very near future.

[flyer]

What development in 4S are you looking at? Some friends recently bought in Silhouette, and we’ve heard they are selling quite well.
Pienza will be sold out by April.

If you NEED a home in the area soon, it sounds like a good price, if not, you might want to wait.
Either way, Mello-Roos will not be going away.

Also might want to consider what interest rates will be in the next few years. Since my house is paid off, I’m hoping for 10% Jumbo CD’s in the very near future.

[flyer]

What development in 4S are you looking at? Some friends recently bought in Silhouette, and we’ve heard they are selling quite well.
Pienza will be sold out by April.

If you NEED a home in the area soon, it sounds like a good price, if not, you might want to wait.
Either way, Mello-Roos will not be going away.

Also might want to consider what interest rates will be in the next few years. Since my house is paid off, I’m hoping for 10% Jumbo CD’s in the very near future.

[flyer]

What development in 4S are you looking at? Some friends recently bought in Silhouette, and we’ve heard they are selling quite well.
Pienza will be sold out by April.

If you NEED a home in the area soon, it sounds like a good price, if not, you might want to wait.
Either way, Mello-Roos will not be going away.

Also might want to consider what interest rates will be in the next few years. Since my house is paid off, I’m hoping for 10% Jumbo CD’s in the very near future.

[Eugene]

At today’s jumbo rates 5K/year mello roos effectively increases the purchase price by ~70K.

What model/neighborhood is it, and what’s the official listing price?

[Eugene]

At today’s jumbo rates 5K/year mello roos effectively increases the purchase price by ~70K.

What model/neighborhood is it, and what’s the official listing price?

[Eugene]

At today’s jumbo rates 5K/year mello roos effectively increases the purchase price by ~70K.

What model/neighborhood is it, and what’s the official listing price?

[Eugene]

At today’s jumbo rates 5K/year mello roos effectively increases the purchase price by ~70K.

What model/neighborhood is it, and what’s the official listing price?

[Author]

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