Bought for $466k in ’06 – can’t sell for $350k in ’07

[vizcaya]

I would not live in Moval. There is a higher crime element, and it seems that nothing over there stays nice. A buddy has a few new homes in these newer areas of Moval, and he has gotten his house robbed twice within a year. I believe Perris and Homeland are the worst areas, but Moval is not far behind.

[vizcaya]

I would not live in Moval. There is a higher crime element, and it seems that nothing over there stays nice. A buddy has a few new homes in these newer areas of Moval, and he has gotten his house robbed twice within a year. I believe Perris and Homeland are the worst areas, but Moval is not far behind.

[The OC Scam]

I have been watching homes in the Chino Master Planned community “THE PRESERVE” not because we wish to live there but just for kicks! My prediction for failures was the Men’s Prison being literally walking distance north and the women prison just south.
Every phase that we have watched since last year has decreased by 25 to 35% since July 2006.
Today we just received an email from those questionnaires they ask you to fill out when you check out the model homes. The detached homes had three phases that listed in the high 400ks last year now are high 300ks.

Here is an example I received from Brook Field homes the Phase is the Mulberry’s.
8354 Edgewood Street
Was: $470,962
Now: $398,000
3 bedrooms, 2½ baths
Approx. 1,609 sq. ft.
JUST SOLD! Beautiful Santa Barbara-inspired detached home featuring upgraded counters in the kitchen and powder room.
8427 Branches Lane
Was: $432,116
Now: $374,900
3 bedrooms, 2½ baths
Approx. 1,416 sq. ft.
AN EXCEPTIONAL VALUE! All the style warmth, and detail found in every Brookfield home for a price that is unbelievably affordable.

8439 Branches Lane
Was: $429,731
Now: $383,900
3 bedrooms, 2½ baths
Approx. 1,415 sq. ft.
WON’T LAST LONG! Charming farmhouse-inspired detached home featuring designer-included appointments, as well as a customized electrical package.
Here is some other offers they are adding to the mix
“Presenting a very special chance for you to own a beautiful Mulberry at the Preserve home at an unbelievable price! Visit today and discover the allure of these beautiful detached homes, along with the year-round advantages of The Preserve at Chino’s premier amenities.
1. Quick move-ins
2. $25,000 quick closing to buyer
3. 2006 Community of the Year*
4. Detached homes available from the high $300,000s
5. The Preserve amenities: The Parkhouse, a future elementary school, and a new library

[The OC Scam]

I have been watching homes in the Chino Master Planned community “THE PRESERVE” not because we wish to live there but just for kicks! My prediction for failures was the Men’s Prison being literally walking distance north and the women prison just south.
Every phase that we have watched since last year has decreased by 25 to 35% since July 2006.
Today we just received an email from those questionnaires they ask you to fill out when you check out the model homes. The detached homes had three phases that listed in the high 400ks last year now are high 300ks.

Here is an example I received from Brook Field homes the Phase is the Mulberry’s.
8354 Edgewood Street
Was: $470,962
Now: $398,000
3 bedrooms, 2½ baths
Approx. 1,609 sq. ft.
JUST SOLD! Beautiful Santa Barbara-inspired detached home featuring upgraded counters in the kitchen and powder room.
8427 Branches Lane
Was: $432,116
Now: $374,900
3 bedrooms, 2½ baths
Approx. 1,416 sq. ft.
AN EXCEPTIONAL VALUE! All the style warmth, and detail found in every Brookfield home for a price that is unbelievably affordable.

8439 Branches Lane
Was: $429,731
Now: $383,900
3 bedrooms, 2½ baths
Approx. 1,415 sq. ft.
WON’T LAST LONG! Charming farmhouse-inspired detached home featuring designer-included appointments, as well as a customized electrical package.
Here is some other offers they are adding to the mix
“Presenting a very special chance for you to own a beautiful Mulberry at the Preserve home at an unbelievable price! Visit today and discover the allure of these beautiful detached homes, along with the year-round advantages of The Preserve at Chino’s premier amenities.
1. Quick move-ins
2. $25,000 quick closing to buyer
3. 2006 Community of the Year*
4. Detached homes available from the high $300,000s
5. The Preserve amenities: The Parkhouse, a future elementary school, and a new library

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