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jpinpb.
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April 8, 2008 at 4:58 PM #183224April 8, 2008 at 5:21 PM #183177
Nor-LA-SD-guy
Participant“What makes you think that Temecula has not hit the bottom?”
I am still going with Temecula Valley is within 10% of the bottom IMO.
Maybe a few screaming deals here and there if you are in the right place at the right time etc….
As bad as everyone thinks Temecula is doing (and make no mistake it is bad..), We went out to eat Saturday night in the Mall area at an Italian restaurant , Place was completely packed (again was like this two weeks earlier as well), had to wait 40 Minutes to get a table for two !!.
I think this is a tale of two economies (for the moment anyway),
There are those who are involved in the real estate economy who are doing horrible,
Then there’s everyone else who seem to be doing OK (so far).
April 8, 2008 at 5:21 PM #183189Participant“What makes you think that Temecula has not hit the bottom?”
I am still going with Temecula Valley is within 10% of the bottom IMO.
Maybe a few screaming deals here and there if you are in the right place at the right time etc….
As bad as everyone thinks Temecula is doing (and make no mistake it is bad..), We went out to eat Saturday night in the Mall area at an Italian restaurant , Place was completely packed (again was like this two weeks earlier as well), had to wait 40 Minutes to get a table for two !!.
I think this is a tale of two economies (for the moment anyway),
There are those who are involved in the real estate economy who are doing horrible,
Then there’s everyone else who seem to be doing OK (so far).
April 8, 2008 at 5:21 PM #183218Participant“What makes you think that Temecula has not hit the bottom?”
I am still going with Temecula Valley is within 10% of the bottom IMO.
Maybe a few screaming deals here and there if you are in the right place at the right time etc….
As bad as everyone thinks Temecula is doing (and make no mistake it is bad..), We went out to eat Saturday night in the Mall area at an Italian restaurant , Place was completely packed (again was like this two weeks earlier as well), had to wait 40 Minutes to get a table for two !!.
I think this is a tale of two economies (for the moment anyway),
There are those who are involved in the real estate economy who are doing horrible,
Then there’s everyone else who seem to be doing OK (so far).
April 8, 2008 at 5:21 PM #183226Participant“What makes you think that Temecula has not hit the bottom?”
I am still going with Temecula Valley is within 10% of the bottom IMO.
Maybe a few screaming deals here and there if you are in the right place at the right time etc….
As bad as everyone thinks Temecula is doing (and make no mistake it is bad..), We went out to eat Saturday night in the Mall area at an Italian restaurant , Place was completely packed (again was like this two weeks earlier as well), had to wait 40 Minutes to get a table for two !!.
I think this is a tale of two economies (for the moment anyway),
There are those who are involved in the real estate economy who are doing horrible,
Then there’s everyone else who seem to be doing OK (so far).
April 8, 2008 at 5:21 PM #183230Participant“What makes you think that Temecula has not hit the bottom?”
I am still going with Temecula Valley is within 10% of the bottom IMO.
Maybe a few screaming deals here and there if you are in the right place at the right time etc….
As bad as everyone thinks Temecula is doing (and make no mistake it is bad..), We went out to eat Saturday night in the Mall area at an Italian restaurant , Place was completely packed (again was like this two weeks earlier as well), had to wait 40 Minutes to get a table for two !!.
I think this is a tale of two economies (for the moment anyway),
There are those who are involved in the real estate economy who are doing horrible,
Then there’s everyone else who seem to be doing OK (so far).
April 8, 2008 at 5:33 PM #183187NotCranky
ParticipantO.K. Maybe someone will indulge this maybe not.
A friend of mine bought a house in 1990 for 154k(clairemont).
It probably dropped to 110k. It went back up to about 450k in 2005. Now it would go for 350K. His taxes are low and he has a tax write-off on the palty sum of a mortgage that is left since he refied to a 15 year mortgage several years ago. His payment has been close to rent even after refying to the 15 year(I am not sure of the exact details). He will only have taxes and insurance after he pays his mortgage off. How much money did he lose? I am against drastically over-paying myself but just wanted to add this perspective.VC is not down nearly as bad percentage wise. He might get there but I think we can’t make much of a case against his situation yet except that his aquisition price was at least 50K too high.
April 8, 2008 at 5:33 PM #183200ParticipantO.K. Maybe someone will indulge this maybe not.
A friend of mine bought a house in 1990 for 154k(clairemont).
It probably dropped to 110k. It went back up to about 450k in 2005. Now it would go for 350K. His taxes are low and he has a tax write-off on the palty sum of a mortgage that is left since he refied to a 15 year mortgage several years ago. His payment has been close to rent even after refying to the 15 year(I am not sure of the exact details). He will only have taxes and insurance after he pays his mortgage off. How much money did he lose? I am against drastically over-paying myself but just wanted to add this perspective.VC is not down nearly as bad percentage wise. He might get there but I think we can’t make much of a case against his situation yet except that his aquisition price was at least 50K too high.
April 8, 2008 at 5:33 PM #183228ParticipantO.K. Maybe someone will indulge this maybe not.
A friend of mine bought a house in 1990 for 154k(clairemont).
It probably dropped to 110k. It went back up to about 450k in 2005. Now it would go for 350K. His taxes are low and he has a tax write-off on the palty sum of a mortgage that is left since he refied to a 15 year mortgage several years ago. His payment has been close to rent even after refying to the 15 year(I am not sure of the exact details). He will only have taxes and insurance after he pays his mortgage off. How much money did he lose? I am against drastically over-paying myself but just wanted to add this perspective.VC is not down nearly as bad percentage wise. He might get there but I think we can’t make much of a case against his situation yet except that his aquisition price was at least 50K too high.
April 8, 2008 at 5:33 PM #183235ParticipantO.K. Maybe someone will indulge this maybe not.
A friend of mine bought a house in 1990 for 154k(clairemont).
It probably dropped to 110k. It went back up to about 450k in 2005. Now it would go for 350K. His taxes are low and he has a tax write-off on the palty sum of a mortgage that is left since he refied to a 15 year mortgage several years ago. His payment has been close to rent even after refying to the 15 year(I am not sure of the exact details). He will only have taxes and insurance after he pays his mortgage off. How much money did he lose? I am against drastically over-paying myself but just wanted to add this perspective.VC is not down nearly as bad percentage wise. He might get there but I think we can’t make much of a case against his situation yet except that his aquisition price was at least 50K too high.
April 8, 2008 at 5:33 PM #183240ParticipantO.K. Maybe someone will indulge this maybe not.
A friend of mine bought a house in 1990 for 154k(clairemont).
It probably dropped to 110k. It went back up to about 450k in 2005. Now it would go for 350K. His taxes are low and he has a tax write-off on the palty sum of a mortgage that is left since he refied to a 15 year mortgage several years ago. His payment has been close to rent even after refying to the 15 year(I am not sure of the exact details). He will only have taxes and insurance after he pays his mortgage off. How much money did he lose? I am against drastically over-paying myself but just wanted to add this perspective.VC is not down nearly as bad percentage wise. He might get there but I think we can’t make much of a case against his situation yet except that his aquisition price was at least 50K too high.
April 8, 2008 at 5:48 PM #183198sdrealtor
ParticipantClients of mine are in escrow on a property that with 20% down will cost them about $1200/month. The same unit is for rent across the street for $1450. Will it go down lower? Perhaps, but who cares at this point. I know my clients dont.
April 8, 2008 at 5:48 PM #183210ParticipantClients of mine are in escrow on a property that with 20% down will cost them about $1200/month. The same unit is for rent across the street for $1450. Will it go down lower? Perhaps, but who cares at this point. I know my clients dont.
April 8, 2008 at 5:48 PM #183238ParticipantClients of mine are in escrow on a property that with 20% down will cost them about $1200/month. The same unit is for rent across the street for $1450. Will it go down lower? Perhaps, but who cares at this point. I know my clients dont.
April 8, 2008 at 5:48 PM #183245ParticipantClients of mine are in escrow on a property that with 20% down will cost them about $1200/month. The same unit is for rent across the street for $1450. Will it go down lower? Perhaps, but who cares at this point. I know my clients dont.
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