Catch a Falling Knife? – Chula Vista/ East Lake

[temeculaguy]

cv2, you are confusing us. Are you using the abbreviation CV for Carmel Valley, while spelling out Chula Vista, because you compared CV to Chula Vista when the OP was probably using the abbreviation CV for Chula Vista.

Who’s on first?

sdrents, just rent a SFR in Eastlake and see if you like it first, renting is the new black.

[recordsclerk]

I think that Chula Vista still has another 10-20% left to drop. Depending on what type of house you want, this winter or next year maybe a better time to buy. Condos on the other hand still have another 20%+ drop coming in the near future. The attached market is starting to unravel at warp speed. There were a lot of houses built in the bubble years 2003-2007. Most of those homes are now upsidedown and will just put more pressure on prices. I have made a couple of offers on homes that were well priced and have been out bidded. There is still demand for homes well priced, but patience has paid off for me.

[recordsclerk]

I think that Chula Vista still has another 10-20% left to drop. Depending on what type of house you want, this winter or next year maybe a better time to buy. Condos on the other hand still have another 20%+ drop coming in the near future. The attached market is starting to unravel at warp speed. There were a lot of houses built in the bubble years 2003-2007. Most of those homes are now upsidedown and will just put more pressure on prices. I have made a couple of offers on homes that were well priced and have been out bidded. There is still demand for homes well priced, but patience has paid off for me.

[recordsclerk]

I think that Chula Vista still has another 10-20% left to drop. Depending on what type of house you want, this winter or next year maybe a better time to buy. Condos on the other hand still have another 20%+ drop coming in the near future. The attached market is starting to unravel at warp speed. There were a lot of houses built in the bubble years 2003-2007. Most of those homes are now upsidedown and will just put more pressure on prices. I have made a couple of offers on homes that were well priced and have been out bidded. There is still demand for homes well priced, but patience has paid off for me.

[recordsclerk]

I think that Chula Vista still has another 10-20% left to drop. Depending on what type of house you want, this winter or next year maybe a better time to buy. Condos on the other hand still have another 20%+ drop coming in the near future. The attached market is starting to unravel at warp speed. There were a lot of houses built in the bubble years 2003-2007. Most of those homes are now upsidedown and will just put more pressure on prices. I have made a couple of offers on homes that were well priced and have been out bidded. There is still demand for homes well priced, but patience has paid off for me.

[recordsclerk]

I think that Chula Vista still has another 10-20% left to drop. Depending on what type of house you want, this winter or next year maybe a better time to buy. Condos on the other hand still have another 20%+ drop coming in the near future. The attached market is starting to unravel at warp speed. There were a lot of houses built in the bubble years 2003-2007. Most of those homes are now upsidedown and will just put more pressure on prices. I have made a couple of offers on homes that were well priced and have been out bidded. There is still demand for homes well priced, but patience has paid off for me.

[Aecetia]

I agree with the above comments, especially a continued drop. I have a friend who has lost close to 300K in equity in Eastlake. Near her home there is one marked down to 950K from the 1,495,000 the buyer paid on 11-3-05 (17K property tax). I think deals will only better as some of these loans reset late this year and next. Time is on your side.

Here is the link:

http://www.redfin.com/CA/Chula-Vista/1105-Augusta-Pl-91915/home/6095206

[Aecetia]

I agree with the above comments, especially a continued drop. I have a friend who has lost close to 300K in equity in Eastlake. Near her home there is one marked down to 950K from the 1,495,000 the buyer paid on 11-3-05 (17K property tax). I think deals will only better as some of these loans reset late this year and next. Time is on your side.

Here is the link:

http://www.redfin.com/CA/Chula-Vista/1105-Augusta-Pl-91915/home/6095206

[Aecetia]

I agree with the above comments, especially a continued drop. I have a friend who has lost close to 300K in equity in Eastlake. Near her home there is one marked down to 950K from the 1,495,000 the buyer paid on 11-3-05 (17K property tax). I think deals will only better as some of these loans reset late this year and next. Time is on your side.

Here is the link:

http://www.redfin.com/CA/Chula-Vista/1105-Augusta-Pl-91915/home/6095206

[Aecetia]

I agree with the above comments, especially a continued drop. I have a friend who has lost close to 300K in equity in Eastlake. Near her home there is one marked down to 950K from the 1,495,000 the buyer paid on 11-3-05 (17K property tax). I think deals will only better as some of these loans reset late this year and next. Time is on your side.

Here is the link:

http://www.redfin.com/CA/Chula-Vista/1105-Augusta-Pl-91915/home/6095206

[Aecetia]

I agree with the above comments, especially a continued drop. I have a friend who has lost close to 300K in equity in Eastlake. Near her home there is one marked down to 950K from the 1,495,000 the buyer paid on 11-3-05 (17K property tax). I think deals will only better as some of these loans reset late this year and next. Time is on your side.

Here is the link:

http://www.redfin.com/CA/Chula-Vista/1105-Augusta-Pl-91915/home/6095206

[sdrents]

Thanks for the input! Income is in low six figures with no debt other than 50K in student loans – locked at 3.5%. Low 400’s is all I am willing to spend. I agree with most of your thoughts about further drop in the Chula Vista detached market. My hope is the bank will see the light on a solid short-sale offer with its knowledge that the longer the home sits, the more it has to lose.

[sdrents]

Thanks for the input! Income is in low six figures with no debt other than 50K in student loans – locked at 3.5%. Low 400’s is all I am willing to spend. I agree with most of your thoughts about further drop in the Chula Vista detached market. My hope is the bank will see the light on a solid short-sale offer with its knowledge that the longer the home sits, the more it has to lose.

[sdrents]

Thanks for the input! Income is in low six figures with no debt other than 50K in student loans – locked at 3.5%. Low 400’s is all I am willing to spend. I agree with most of your thoughts about further drop in the Chula Vista detached market. My hope is the bank will see the light on a solid short-sale offer with its knowledge that the longer the home sits, the more it has to lose.

[sdrents]

Thanks for the input! Income is in low six figures with no debt other than 50K in student loans – locked at 3.5%. Low 400’s is all I am willing to spend. I agree with most of your thoughts about further drop in the Chula Vista detached market. My hope is the bank will see the light on a solid short-sale offer with its knowledge that the longer the home sits, the more it has to lose.

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