America’s Post-Subprime Boomtowns

[carlsbadworker]

Nor-LA-SD-guy, a deal on a house is not determined by price per square footage, but by getting what you want with as little as possible.
After all, the house you bought is now off the market so the comps don’t work exactly.

When I started house hunting in August, my goal was to buy at the end of the year, and get 15% lower price than the market price at the time (I remember SDR questioned me at that time what makes me thinking that it would drop 15%). At the end, I think the price in Temecula did indeed drop about 15% on average and the house I bought (a short sale) was 22% cheaper than its listing price in Aug/Sep timeframe. Plus, the interest rate dropped which probably saved me over 10% as well. So I am happy with my purchase, no matter whether the overall market will drop or not. Like TG, I will just pick up a rental property if it indeed keeps on dropping to ridiculous levels (e.g less than x100 house/rent ratio)

[wannabe2077]

Are you a shill for real estate industry ? Not to be rude ?

California has a $40 billion budget deficit that will get worse. State Government cuts are yet to come.

Real Estate lenders are clear. 20% down payment, 720+ credit scores, documented sources of income and excellent credit history.

California Real Estate prices will be stagnant for 5-10 years.

[wannabe2077]

Are you a shill for real estate industry ? Not to be rude ?

California has a $40 billion budget deficit that will get worse. State Government cuts are yet to come.

Real Estate lenders are clear. 20% down payment, 720+ credit scores, documented sources of income and excellent credit history.

California Real Estate prices will be stagnant for 5-10 years.

[wannabe2077]

Are you a shill for real estate industry ? Not to be rude ?

California has a $40 billion budget deficit that will get worse. State Government cuts are yet to come.

Real Estate lenders are clear. 20% down payment, 720+ credit scores, documented sources of income and excellent credit history.

California Real Estate prices will be stagnant for 5-10 years.

[wannabe2077]

Are you a shill for real estate industry ? Not to be rude ?

California has a $40 billion budget deficit that will get worse. State Government cuts are yet to come.

Real Estate lenders are clear. 20% down payment, 720+ credit scores, documented sources of income and excellent credit history.

California Real Estate prices will be stagnant for 5-10 years.

[wannabe2077]

Are you a shill for real estate industry ? Not to be rude ?

California has a $40 billion budget deficit that will get worse. State Government cuts are yet to come.

Real Estate lenders are clear. 20% down payment, 720+ credit scores, documented sources of income and excellent credit history.

California Real Estate prices will be stagnant for 5-10 years.

[BGinRB]

[quote=carlsbadworker] This year, my goal is to learn a couple of language (Spanish first) while I’m driving. [/quote]

Language acquisition does not really work that way.

[BGinRB]

[quote=carlsbadworker] This year, my goal is to learn a couple of language (Spanish first) while I’m driving. [/quote]

Language acquisition does not really work that way.

[BGinRB]

[quote=carlsbadworker] This year, my goal is to learn a couple of language (Spanish first) while I’m driving. [/quote]

Language acquisition does not really work that way.

[BGinRB]

[quote=carlsbadworker] This year, my goal is to learn a couple of language (Spanish first) while I’m driving. [/quote]

Language acquisition does not really work that way.

[BGinRB]

[quote=carlsbadworker] This year, my goal is to learn a couple of language (Spanish first) while I’m driving. [/quote]

Language acquisition does not really work that way.

[eclipxe]

[quote=wannabe2077]
Are you a shill for real estate industry ? Not to be rude ?

California has a $40 billion budget deficit that will get worse. State Government cuts are yet to come.

Real Estate lenders are clear. 20% down payment, 720+ credit scores, documented sources of income and excellent credit history.

California Real Estate prices will be stagnant for 5-10 years.[/quote]

Most of Temecula is well under the FHA limits for Riverside county. Traditional loans are only requiring 10% down with 700+ credit scores. (I’ve been shopping for loans for 2 months). The area doesn’t need crazy lending, ARMs, NINJA loans etc to handle some appreciation (unlike most of Coastal SD).

Prices will be stagnant for 5+ years though. I don’t anticipate any appreciation until we see some inflation or employment recovery.

[eclipxe]

[quote=wannabe2077]
Are you a shill for real estate industry ? Not to be rude ?

California has a $40 billion budget deficit that will get worse. State Government cuts are yet to come.

Real Estate lenders are clear. 20% down payment, 720+ credit scores, documented sources of income and excellent credit history.

California Real Estate prices will be stagnant for 5-10 years.[/quote]

Most of Temecula is well under the FHA limits for Riverside county. Traditional loans are only requiring 10% down with 700+ credit scores. (I’ve been shopping for loans for 2 months). The area doesn’t need crazy lending, ARMs, NINJA loans etc to handle some appreciation (unlike most of Coastal SD).

Prices will be stagnant for 5+ years though. I don’t anticipate any appreciation until we see some inflation or employment recovery.

[eclipxe]

[quote=wannabe2077]
Are you a shill for real estate industry ? Not to be rude ?

California has a $40 billion budget deficit that will get worse. State Government cuts are yet to come.

Real Estate lenders are clear. 20% down payment, 720+ credit scores, documented sources of income and excellent credit history.

California Real Estate prices will be stagnant for 5-10 years.[/quote]

Most of Temecula is well under the FHA limits for Riverside county. Traditional loans are only requiring 10% down with 700+ credit scores. (I’ve been shopping for loans for 2 months). The area doesn’t need crazy lending, ARMs, NINJA loans etc to handle some appreciation (unlike most of Coastal SD).

Prices will be stagnant for 5+ years though. I don’t anticipate any appreciation until we see some inflation or employment recovery.

[eclipxe]

[quote=wannabe2077]
Are you a shill for real estate industry ? Not to be rude ?

California has a $40 billion budget deficit that will get worse. State Government cuts are yet to come.

Real Estate lenders are clear. 20% down payment, 720+ credit scores, documented sources of income and excellent credit history.

California Real Estate prices will be stagnant for 5-10 years.[/quote]

Most of Temecula is well under the FHA limits for Riverside county. Traditional loans are only requiring 10% down with 700+ credit scores. (I’ve been shopping for loans for 2 months). The area doesn’t need crazy lending, ARMs, NINJA loans etc to handle some appreciation (unlike most of Coastal SD).

Prices will be stagnant for 5+ years though. I don’t anticipate any appreciation until we see some inflation or employment recovery.

[Author]

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