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October 12, 2010 at 1:10 PM #617625October 12, 2010 at 4:03 PM #616734sdrealtorParticipant
BG
I dont have time to read you full p[ost but before you attack again read my post. I said I thought you were on the right track also and found the data surprising. Also, I am well aware that MR started in the mid 80’s however up until the last decade the amounts of MR were very modest. The real brunt of very high MR and HOA fees is a very recent development. I still believe they are a factor in distressed properties because they are an incremental cost. My point is that with 80% of the distressed properties being built before 2000 that factor is not as large as you or I beleived.October 12, 2010 at 4:03 PM #616818sdrealtorParticipantBG
I dont have time to read you full p[ost but before you attack again read my post. I said I thought you were on the right track also and found the data surprising. Also, I am well aware that MR started in the mid 80’s however up until the last decade the amounts of MR were very modest. The real brunt of very high MR and HOA fees is a very recent development. I still believe they are a factor in distressed properties because they are an incremental cost. My point is that with 80% of the distressed properties being built before 2000 that factor is not as large as you or I beleived.October 12, 2010 at 4:03 PM #617363sdrealtorParticipantBG
I dont have time to read you full p[ost but before you attack again read my post. I said I thought you were on the right track also and found the data surprising. Also, I am well aware that MR started in the mid 80’s however up until the last decade the amounts of MR were very modest. The real brunt of very high MR and HOA fees is a very recent development. I still believe they are a factor in distressed properties because they are an incremental cost. My point is that with 80% of the distressed properties being built before 2000 that factor is not as large as you or I beleived.October 12, 2010 at 4:03 PM #617481sdrealtorParticipantBG
I dont have time to read you full p[ost but before you attack again read my post. I said I thought you were on the right track also and found the data surprising. Also, I am well aware that MR started in the mid 80’s however up until the last decade the amounts of MR were very modest. The real brunt of very high MR and HOA fees is a very recent development. I still believe they are a factor in distressed properties because they are an incremental cost. My point is that with 80% of the distressed properties being built before 2000 that factor is not as large as you or I beleived.October 12, 2010 at 4:03 PM #617793sdrealtorParticipantBG
I dont have time to read you full p[ost but before you attack again read my post. I said I thought you were on the right track also and found the data surprising. Also, I am well aware that MR started in the mid 80’s however up until the last decade the amounts of MR were very modest. The real brunt of very high MR and HOA fees is a very recent development. I still believe they are a factor in distressed properties because they are an incremental cost. My point is that with 80% of the distressed properties being built before 2000 that factor is not as large as you or I beleived.October 12, 2010 at 4:11 PM #616749treehuggerParticipantI am shocked that no one is commenting on the validity of your fears!
I just bought a house in May and have been driving my fiance nuts because I am obsessed with the certainty that the market is going to crash and all my down payment will be lost! He keeps telling me it is irrational and irrelevant, we can afford the house, it is nice, good neighbors….
Take it from me after having taken the leap it doesn’t get any easier. In fact I am now systematically “destroying” my new home. I took a sledgehammer to the 30 year old kitchen because I freaked and am now having to pay for a new kitchen. Hang in there, you are justified and right to be afraid.
October 12, 2010 at 4:11 PM #616833treehuggerParticipantI am shocked that no one is commenting on the validity of your fears!
I just bought a house in May and have been driving my fiance nuts because I am obsessed with the certainty that the market is going to crash and all my down payment will be lost! He keeps telling me it is irrational and irrelevant, we can afford the house, it is nice, good neighbors….
Take it from me after having taken the leap it doesn’t get any easier. In fact I am now systematically “destroying” my new home. I took a sledgehammer to the 30 year old kitchen because I freaked and am now having to pay for a new kitchen. Hang in there, you are justified and right to be afraid.
October 12, 2010 at 4:11 PM #617378treehuggerParticipantI am shocked that no one is commenting on the validity of your fears!
I just bought a house in May and have been driving my fiance nuts because I am obsessed with the certainty that the market is going to crash and all my down payment will be lost! He keeps telling me it is irrational and irrelevant, we can afford the house, it is nice, good neighbors….
Take it from me after having taken the leap it doesn’t get any easier. In fact I am now systematically “destroying” my new home. I took a sledgehammer to the 30 year old kitchen because I freaked and am now having to pay for a new kitchen. Hang in there, you are justified and right to be afraid.
October 12, 2010 at 4:11 PM #617496treehuggerParticipantI am shocked that no one is commenting on the validity of your fears!
I just bought a house in May and have been driving my fiance nuts because I am obsessed with the certainty that the market is going to crash and all my down payment will be lost! He keeps telling me it is irrational and irrelevant, we can afford the house, it is nice, good neighbors….
Take it from me after having taken the leap it doesn’t get any easier. In fact I am now systematically “destroying” my new home. I took a sledgehammer to the 30 year old kitchen because I freaked and am now having to pay for a new kitchen. Hang in there, you are justified and right to be afraid.
October 12, 2010 at 4:11 PM #617808treehuggerParticipantI am shocked that no one is commenting on the validity of your fears!
I just bought a house in May and have been driving my fiance nuts because I am obsessed with the certainty that the market is going to crash and all my down payment will be lost! He keeps telling me it is irrational and irrelevant, we can afford the house, it is nice, good neighbors….
Take it from me after having taken the leap it doesn’t get any easier. In fact I am now systematically “destroying” my new home. I took a sledgehammer to the 30 year old kitchen because I freaked and am now having to pay for a new kitchen. Hang in there, you are justified and right to be afraid.
October 12, 2010 at 4:34 PM #616774jpinpbParticipanttreehugger – did you buy in Temecula also?
I will be honest and say that I’m not an expert in Temecula, but 50% from peak seems like a significant drop. Haven’t seen that in desireable areas of San Diego. I just can’t imagine that Temecula would lose very much more. It’s possible, but from what I understood, Temecula hit bottom. Will prices go up in Temecula? Without knowing the area well, I would think it would just bounce along the bottom for a while.
scaredy – hang in there. Take up gardening in your new house. That’ll give you some peace of mind. Grow some organic veggies you can eat. It’ll work out.
October 12, 2010 at 4:34 PM #616857jpinpbParticipanttreehugger – did you buy in Temecula also?
I will be honest and say that I’m not an expert in Temecula, but 50% from peak seems like a significant drop. Haven’t seen that in desireable areas of San Diego. I just can’t imagine that Temecula would lose very much more. It’s possible, but from what I understood, Temecula hit bottom. Will prices go up in Temecula? Without knowing the area well, I would think it would just bounce along the bottom for a while.
scaredy – hang in there. Take up gardening in your new house. That’ll give you some peace of mind. Grow some organic veggies you can eat. It’ll work out.
October 12, 2010 at 4:34 PM #617403jpinpbParticipanttreehugger – did you buy in Temecula also?
I will be honest and say that I’m not an expert in Temecula, but 50% from peak seems like a significant drop. Haven’t seen that in desireable areas of San Diego. I just can’t imagine that Temecula would lose very much more. It’s possible, but from what I understood, Temecula hit bottom. Will prices go up in Temecula? Without knowing the area well, I would think it would just bounce along the bottom for a while.
scaredy – hang in there. Take up gardening in your new house. That’ll give you some peace of mind. Grow some organic veggies you can eat. It’ll work out.
October 12, 2010 at 4:34 PM #617520jpinpbParticipanttreehugger – did you buy in Temecula also?
I will be honest and say that I’m not an expert in Temecula, but 50% from peak seems like a significant drop. Haven’t seen that in desireable areas of San Diego. I just can’t imagine that Temecula would lose very much more. It’s possible, but from what I understood, Temecula hit bottom. Will prices go up in Temecula? Without knowing the area well, I would think it would just bounce along the bottom for a while.
scaredy – hang in there. Take up gardening in your new house. That’ll give you some peace of mind. Grow some organic veggies you can eat. It’ll work out.
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