4S Ranch REO–still too high

[Navydoc]

I suppose it all comes down to how much money means to you. All the money I have is hard won through years of education, training and saving. As a consequence it disturbs me greatly to see it devalued. I also come from a poor backround, so my perception of value is colored by that. For example, there is no restaurant I can’t afford to eat in, but the sight of a $30 entree on a menu will always make me jump a little bit. I’ll never really lose that no matter how wealthy I become. Similarly, I CAN certainly afford to take a $100,000 loss on a depreciating home in this market, I just don’t WANT to. Why not rent the $900,000 home instead? I guess if someone dropped the $100,000 into my lap I wouldn’t care as much about losing it, but since I worked for it it is quite a bit more dear to me. And you absolutely can live the life you desire without homeownership being a necessary part of it. I wonder if that sentiment will become more commonplace in the future.

[Navydoc]

I suppose it all comes down to how much money means to you. All the money I have is hard won through years of education, training and saving. As a consequence it disturbs me greatly to see it devalued. I also come from a poor backround, so my perception of value is colored by that. For example, there is no restaurant I can’t afford to eat in, but the sight of a $30 entree on a menu will always make me jump a little bit. I’ll never really lose that no matter how wealthy I become. Similarly, I CAN certainly afford to take a $100,000 loss on a depreciating home in this market, I just don’t WANT to. Why not rent the $900,000 home instead? I guess if someone dropped the $100,000 into my lap I wouldn’t care as much about losing it, but since I worked for it it is quite a bit more dear to me. And you absolutely can live the life you desire without homeownership being a necessary part of it. I wonder if that sentiment will become more commonplace in the future.

[Navydoc]

I suppose it all comes down to how much money means to you. All the money I have is hard won through years of education, training and saving. As a consequence it disturbs me greatly to see it devalued. I also come from a poor backround, so my perception of value is colored by that. For example, there is no restaurant I can’t afford to eat in, but the sight of a $30 entree on a menu will always make me jump a little bit. I’ll never really lose that no matter how wealthy I become. Similarly, I CAN certainly afford to take a $100,000 loss on a depreciating home in this market, I just don’t WANT to. Why not rent the $900,000 home instead? I guess if someone dropped the $100,000 into my lap I wouldn’t care as much about losing it, but since I worked for it it is quite a bit more dear to me. And you absolutely can live the life you desire without homeownership being a necessary part of it. I wonder if that sentiment will become more commonplace in the future.

[Navydoc]

I suppose it all comes down to how much money means to you. All the money I have is hard won through years of education, training and saving. As a consequence it disturbs me greatly to see it devalued. I also come from a poor backround, so my perception of value is colored by that. For example, there is no restaurant I can’t afford to eat in, but the sight of a $30 entree on a menu will always make me jump a little bit. I’ll never really lose that no matter how wealthy I become. Similarly, I CAN certainly afford to take a $100,000 loss on a depreciating home in this market, I just don’t WANT to. Why not rent the $900,000 home instead? I guess if someone dropped the $100,000 into my lap I wouldn’t care as much about losing it, but since I worked for it it is quite a bit more dear to me. And you absolutely can live the life you desire without homeownership being a necessary part of it. I wonder if that sentiment will become more commonplace in the future.

[Navydoc]

I suppose it all comes down to how much money means to you. All the money I have is hard won through years of education, training and saving. As a consequence it disturbs me greatly to see it devalued. I also come from a poor backround, so my perception of value is colored by that. For example, there is no restaurant I can’t afford to eat in, but the sight of a $30 entree on a menu will always make me jump a little bit. I’ll never really lose that no matter how wealthy I become. Similarly, I CAN certainly afford to take a $100,000 loss on a depreciating home in this market, I just don’t WANT to. Why not rent the $900,000 home instead? I guess if someone dropped the $100,000 into my lap I wouldn’t care as much about losing it, but since I worked for it it is quite a bit more dear to me. And you absolutely can live the life you desire without homeownership being a necessary part of it. I wonder if that sentiment will become more commonplace in the future.

[ocrenter]

good grief. exactly how fast did you guys want to see the drop?

here’s a little prospective.

This 17019 Sienna Ridge 3,700 sqft home was sold by the builder to the flopper that foreclosed in 3/2006 for $1.064 million!

after exactly a year and a half, now it sells for $870,000, that’s a freaking $194,500 drop in a year and a half! or an annualized loss of $130k.

but a 19% pricing freefall over a year and a half isn’t good enough for you folks. good grief guys, this isn’t the stock market, this is the housing market. this type of drop is as fast as it gets. you can’t go to Perris or Beaumont or Murrieta and point to their 50% drop within a year and claim defeat.

now as far as the question of whether the buyers that purchased our 3700 sqft REO for $870k got a good deal. I do ask that you drive down half a block, make a left on to Sienna Hills Drive, and ask yourself, should these guys have waited and purchased this 4300 sqft REO on 10230 Sienna Hills for $899,900? yup, that’s $30k more for 600 sqft if they just waited an extra month.

[ocrenter]

good grief. exactly how fast did you guys want to see the drop?

here’s a little prospective.

This 17019 Sienna Ridge 3,700 sqft home was sold by the builder to the flopper that foreclosed in 3/2006 for $1.064 million!

after exactly a year and a half, now it sells for $870,000, that’s a freaking $194,500 drop in a year and a half! or an annualized loss of $130k.

but a 19% pricing freefall over a year and a half isn’t good enough for you folks. good grief guys, this isn’t the stock market, this is the housing market. this type of drop is as fast as it gets. you can’t go to Perris or Beaumont or Murrieta and point to their 50% drop within a year and claim defeat.

now as far as the question of whether the buyers that purchased our 3700 sqft REO for $870k got a good deal. I do ask that you drive down half a block, make a left on to Sienna Hills Drive, and ask yourself, should these guys have waited and purchased this 4300 sqft REO on 10230 Sienna Hills for $899,900? yup, that’s $30k more for 600 sqft if they just waited an extra month.

[ocrenter]

good grief. exactly how fast did you guys want to see the drop?

here’s a little prospective.

This 17019 Sienna Ridge 3,700 sqft home was sold by the builder to the flopper that foreclosed in 3/2006 for $1.064 million!

after exactly a year and a half, now it sells for $870,000, that’s a freaking $194,500 drop in a year and a half! or an annualized loss of $130k.

but a 19% pricing freefall over a year and a half isn’t good enough for you folks. good grief guys, this isn’t the stock market, this is the housing market. this type of drop is as fast as it gets. you can’t go to Perris or Beaumont or Murrieta and point to their 50% drop within a year and claim defeat.

now as far as the question of whether the buyers that purchased our 3700 sqft REO for $870k got a good deal. I do ask that you drive down half a block, make a left on to Sienna Hills Drive, and ask yourself, should these guys have waited and purchased this 4300 sqft REO on 10230 Sienna Hills for $899,900? yup, that’s $30k more for 600 sqft if they just waited an extra month.

[ocrenter]

good grief. exactly how fast did you guys want to see the drop?

here’s a little prospective.

This 17019 Sienna Ridge 3,700 sqft home was sold by the builder to the flopper that foreclosed in 3/2006 for $1.064 million!

after exactly a year and a half, now it sells for $870,000, that’s a freaking $194,500 drop in a year and a half! or an annualized loss of $130k.

but a 19% pricing freefall over a year and a half isn’t good enough for you folks. good grief guys, this isn’t the stock market, this is the housing market. this type of drop is as fast as it gets. you can’t go to Perris or Beaumont or Murrieta and point to their 50% drop within a year and claim defeat.

now as far as the question of whether the buyers that purchased our 3700 sqft REO for $870k got a good deal. I do ask that you drive down half a block, make a left on to Sienna Hills Drive, and ask yourself, should these guys have waited and purchased this 4300 sqft REO on 10230 Sienna Hills for $899,900? yup, that’s $30k more for 600 sqft if they just waited an extra month.

[ocrenter]

good grief. exactly how fast did you guys want to see the drop?

here’s a little prospective.

This 17019 Sienna Ridge 3,700 sqft home was sold by the builder to the flopper that foreclosed in 3/2006 for $1.064 million!

after exactly a year and a half, now it sells for $870,000, that’s a freaking $194,500 drop in a year and a half! or an annualized loss of $130k.

but a 19% pricing freefall over a year and a half isn’t good enough for you folks. good grief guys, this isn’t the stock market, this is the housing market. this type of drop is as fast as it gets. you can’t go to Perris or Beaumont or Murrieta and point to their 50% drop within a year and claim defeat.

now as far as the question of whether the buyers that purchased our 3700 sqft REO for $870k got a good deal. I do ask that you drive down half a block, make a left on to Sienna Hills Drive, and ask yourself, should these guys have waited and purchased this 4300 sqft REO on 10230 Sienna Hills for $899,900? yup, that’s $30k more for 600 sqft if they just waited an extra month.

[lendingbubblecontinues]

flyer-

yeah, nothing more tempting than $18,000 a year in property tax and mello-roos (on that 900K home) before I even begin paying principal and interest on a depreciating asset;)

you should try and sell that inherited house now…I think you’ll see that it’s worth a lot less than you could ever imagine in this economic climate and it is only the top of the first inning.

now, excuse me while I go back to living my life on “hold” 😉

[lendingbubblecontinues]

flyer-

yeah, nothing more tempting than $18,000 a year in property tax and mello-roos (on that 900K home) before I even begin paying principal and interest on a depreciating asset;)

you should try and sell that inherited house now…I think you’ll see that it’s worth a lot less than you could ever imagine in this economic climate and it is only the top of the first inning.

now, excuse me while I go back to living my life on “hold” 😉

[lendingbubblecontinues]

flyer-

yeah, nothing more tempting than $18,000 a year in property tax and mello-roos (on that 900K home) before I even begin paying principal and interest on a depreciating asset;)

you should try and sell that inherited house now…I think you’ll see that it’s worth a lot less than you could ever imagine in this economic climate and it is only the top of the first inning.

now, excuse me while I go back to living my life on “hold” 😉

[lendingbubblecontinues]

flyer-

yeah, nothing more tempting than $18,000 a year in property tax and mello-roos (on that 900K home) before I even begin paying principal and interest on a depreciating asset;)

you should try and sell that inherited house now…I think you’ll see that it’s worth a lot less than you could ever imagine in this economic climate and it is only the top of the first inning.

now, excuse me while I go back to living my life on “hold” 😉

[lendingbubblecontinues]

flyer-

yeah, nothing more tempting than $18,000 a year in property tax and mello-roos (on that 900K home) before I even begin paying principal and interest on a depreciating asset;)

you should try and sell that inherited house now…I think you’ll see that it’s worth a lot less than you could ever imagine in this economic climate and it is only the top of the first inning.

now, excuse me while I go back to living my life on “hold” 😉

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