First crack in the high end?

[an]

I think a house this size probably go for around $4500-5000/month in rent. Base on that as being fundamental and buyer having 20% down and the temporary conforming limit, $800k is quite reasonable. @ $800k w/ 20% down and 5.5% w/ 4 points, you’re looking at monthly payment of $3600/month. To make a fair comparison, if we make it 0% down instead, the monthly payment would be $4500/month, which is on par with rent. Some family making $200k can easily afford that payment.

[jpinpb]

This is begging the question. If my rent equals what a mortgage is, then I would just buy rather than rent. For me, the whole point of renting is I’m saving money rather than buying right now anyway.

[jpinpb]

This is begging the question. If my rent equals what a mortgage is, then I would just buy rather than rent. For me, the whole point of renting is I’m saving money rather than buying right now anyway.

[jpinpb]

This is begging the question. If my rent equals what a mortgage is, then I would just buy rather than rent. For me, the whole point of renting is I’m saving money rather than buying right now anyway.

[jpinpb]

This is begging the question. If my rent equals what a mortgage is, then I would just buy rather than rent. For me, the whole point of renting is I’m saving money rather than buying right now anyway.

[jpinpb]

This is begging the question. If my rent equals what a mortgage is, then I would just buy rather than rent. For me, the whole point of renting is I’m saving money rather than buying right now anyway.

[NotCranky]

Maybe AN is right. I think it should be worth not much more than a much smaller one in the same area is worth. This condition is establishing itself in Chula Vista and Temecula. I think it should be a smaller premium to those around it,especially single story with bigger lots, since they enjoy the same location ammenities. $800k could be a good floor if the smaller homes are done falling,not likely. I like Poway and RP for holding power of more average houses, not absolute but relative.
This one might get bid up but I think it could go for 700k, or less, in the future re-adjsuted for future evidence of course(next 6 to 12 months). I want to say 500K but I might be imposing my value perceptions a little much!

[NotCranky]

Maybe AN is right. I think it should be worth not much more than a much smaller one in the same area is worth. This condition is establishing itself in Chula Vista and Temecula. I think it should be a smaller premium to those around it,especially single story with bigger lots, since they enjoy the same location ammenities. $800k could be a good floor if the smaller homes are done falling,not likely. I like Poway and RP for holding power of more average houses, not absolute but relative.
This one might get bid up but I think it could go for 700k, or less, in the future re-adjsuted for future evidence of course(next 6 to 12 months). I want to say 500K but I might be imposing my value perceptions a little much!

[NotCranky]

Maybe AN is right. I think it should be worth not much more than a much smaller one in the same area is worth. This condition is establishing itself in Chula Vista and Temecula. I think it should be a smaller premium to those around it,especially single story with bigger lots, since they enjoy the same location ammenities. $800k could be a good floor if the smaller homes are done falling,not likely. I like Poway and RP for holding power of more average houses, not absolute but relative.
This one might get bid up but I think it could go for 700k, or less, in the future re-adjsuted for future evidence of course(next 6 to 12 months). I want to say 500K but I might be imposing my value perceptions a little much!

[NotCranky]

Maybe AN is right. I think it should be worth not much more than a much smaller one in the same area is worth. This condition is establishing itself in Chula Vista and Temecula. I think it should be a smaller premium to those around it,especially single story with bigger lots, since they enjoy the same location ammenities. $800k could be a good floor if the smaller homes are done falling,not likely. I like Poway and RP for holding power of more average houses, not absolute but relative.
This one might get bid up but I think it could go for 700k, or less, in the future re-adjsuted for future evidence of course(next 6 to 12 months). I want to say 500K but I might be imposing my value perceptions a little much!

[NotCranky]

Maybe AN is right. I think it should be worth not much more than a much smaller one in the same area is worth. This condition is establishing itself in Chula Vista and Temecula. I think it should be a smaller premium to those around it,especially single story with bigger lots, since they enjoy the same location ammenities. $800k could be a good floor if the smaller homes are done falling,not likely. I like Poway and RP for holding power of more average houses, not absolute but relative.
This one might get bid up but I think it could go for 700k, or less, in the future re-adjsuted for future evidence of course(next 6 to 12 months). I want to say 500K but I might be imposing my value perceptions a little much!

[an]

jpinpb, I completely agree. That’s why it’s getting really hard to sign another year lease when your rent is equal to mortgage w/out any down payment. I’m speculating that waiting another year will yield a saving due to price decline, but that in itself is a speculation, which is the same as those who bought in 2003 speculating it’ll continue to go up.

[an]

jpinpb, I completely agree. That’s why it’s getting really hard to sign another year lease when your rent is equal to mortgage w/out any down payment. I’m speculating that waiting another year will yield a saving due to price decline, but that in itself is a speculation, which is the same as those who bought in 2003 speculating it’ll continue to go up.

[an]

jpinpb, I completely agree. That’s why it’s getting really hard to sign another year lease when your rent is equal to mortgage w/out any down payment. I’m speculating that waiting another year will yield a saving due to price decline, but that in itself is a speculation, which is the same as those who bought in 2003 speculating it’ll continue to go up.

[an]

jpinpb, I completely agree. That’s why it’s getting really hard to sign another year lease when your rent is equal to mortgage w/out any down payment. I’m speculating that waiting another year will yield a saving due to price decline, but that in itself is a speculation, which is the same as those who bought in 2003 speculating it’ll continue to go up.

[Author]

Posts