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Aecetia.
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January 30, 2008 at 11:56 PM #146020January 30, 2008 at 11:56 PM #146048
sdcellar
ParticipantAren’t most of the resets at risk based on initial teaser rates rather than market rates at time of origination?
Sure, rates are down a bit, but if your variable was originally based on market, the pending reset probably wasn’t going to break you anyway.
This has been posited a few times now, so I was just curious.
January 30, 2008 at 11:56 PM #146059ParticipantAren’t most of the resets at risk based on initial teaser rates rather than market rates at time of origination?
Sure, rates are down a bit, but if your variable was originally based on market, the pending reset probably wasn’t going to break you anyway.
This has been posited a few times now, so I was just curious.
January 30, 2008 at 11:56 PM #146118ParticipantAren’t most of the resets at risk based on initial teaser rates rather than market rates at time of origination?
Sure, rates are down a bit, but if your variable was originally based on market, the pending reset probably wasn’t going to break you anyway.
This has been posited a few times now, so I was just curious.
January 31, 2008 at 12:02 AM #145782ParticipantAgree with your overall assessment of CV, New_Renter.
Lots of money in CV _to be sure_, but also plenty of folks of more ordinary means as well.
Sometimes it sounds like one can go dumpster diving for plasmas behind the Vons on Carmel Country, but that just ain’t quite the case.
It’ll be interesting to see how it plays out.
January 31, 2008 at 12:02 AM #146023ParticipantAgree with your overall assessment of CV, New_Renter.
Lots of money in CV _to be sure_, but also plenty of folks of more ordinary means as well.
Sometimes it sounds like one can go dumpster diving for plasmas behind the Vons on Carmel Country, but that just ain’t quite the case.
It’ll be interesting to see how it plays out.
January 31, 2008 at 12:02 AM #146053ParticipantAgree with your overall assessment of CV, New_Renter.
Lots of money in CV _to be sure_, but also plenty of folks of more ordinary means as well.
Sometimes it sounds like one can go dumpster diving for plasmas behind the Vons on Carmel Country, but that just ain’t quite the case.
It’ll be interesting to see how it plays out.
January 31, 2008 at 12:02 AM #146063ParticipantAgree with your overall assessment of CV, New_Renter.
Lots of money in CV _to be sure_, but also plenty of folks of more ordinary means as well.
Sometimes it sounds like one can go dumpster diving for plasmas behind the Vons on Carmel Country, but that just ain’t quite the case.
It’ll be interesting to see how it plays out.
January 31, 2008 at 12:02 AM #146124ParticipantAgree with your overall assessment of CV, New_Renter.
Lots of money in CV _to be sure_, but also plenty of folks of more ordinary means as well.
Sometimes it sounds like one can go dumpster diving for plasmas behind the Vons on Carmel Country, but that just ain’t quite the case.
It’ll be interesting to see how it plays out.
January 31, 2008 at 12:16 AM #145801SD Realtor
ParticipantNew-Renter that is a well thought out snapshot of CV. It is hanging in there and it will be interesting to see how it looks in 2010. If there is an employment disruption it could very well chunk down REALLY fast. Without that it will be slow and measured.
SD Realtor
January 31, 2008 at 12:16 AM #146044ParticipantNew-Renter that is a well thought out snapshot of CV. It is hanging in there and it will be interesting to see how it looks in 2010. If there is an employment disruption it could very well chunk down REALLY fast. Without that it will be slow and measured.
SD Realtor
January 31, 2008 at 12:16 AM #146075ParticipantNew-Renter that is a well thought out snapshot of CV. It is hanging in there and it will be interesting to see how it looks in 2010. If there is an employment disruption it could very well chunk down REALLY fast. Without that it will be slow and measured.
SD Realtor
January 31, 2008 at 12:16 AM #146083ParticipantNew-Renter that is a well thought out snapshot of CV. It is hanging in there and it will be interesting to see how it looks in 2010. If there is an employment disruption it could very well chunk down REALLY fast. Without that it will be slow and measured.
SD Realtor
January 31, 2008 at 12:16 AM #146145ParticipantNew-Renter that is a well thought out snapshot of CV. It is hanging in there and it will be interesting to see how it looks in 2010. If there is an employment disruption it could very well chunk down REALLY fast. Without that it will be slow and measured.
SD Realtor
January 31, 2008 at 8:41 AM #145941
CoronitaParticipant"Also, I would guess that there are plenty of people in the newer developments who are typical of the "other half" of CV residents. They make 100k-200k/yr, and they really stretched to buy, figuring on continued appreciation. If prices do continue coming down even at their current (very slow) pace, they may not be able to hang on when their loans reset. "
Perhaps residents in CV will start distinguishing among which "side", with all the attached snobbery…
Just kidding folks.
In my mind, I'm keeping track of how things shake out among the following parts of CV relative to each other.
1)South Side
2)North Side
3)Central
4)East side
In my mind:
1) South side is everything south of 56 and west of carmel country road, in 92130
2) North side is everything north of del mar heights road and west of carmel country road in 92130
3) Central is everything in between 56 and del mar heights, west of carmel country road in 92130.
4)East side is everything east of carmel country road
By no means am I a resident expert, but my preconceived notions of what I think will shake out first, second and third,etc: would be from first to last central, east or south, then north. Again no data to back this up. My rationale:
*Central has a lot of starter/attached homes.
*East is a lot of larger homes for the same amount of money in north/south, but kinda removed from 92130. I would call this "new money".
*South is really torrey hills, which would be your traditional upper middle class.
Whether new money shakes out before or after upper middle class money, I don't know.
*North is probably old carmel valley, and I would guess most of "old money" is there.
West of el camino is more del mar, and I wouldn't consider them in this comparison.
Again, not a realtor ,and not a demographics expert, so I stand to be corrected. Anyone else familiar with this area that would offer another viewpoint, I would be interested in comparing notes.
[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]
—– Sour grapes for everyone!
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