housing recovery rate

[carlsbadworker]

Why do you still remember what you paid for? Forget it! Inflation-adjusted price will not come back to your purchase price for a long long time…maybe 30-50 years from now we will have another housing bubble, but no way in near-term.

What you need to look at right now is how much you are underwater, and if you bail, what the rent payment is going to be? And how much do you value keeping a payment promise that you made 3 years ago?

Forget about the past, look at your current and future situation.

[DWCAP]

It sounds like your real problem is that your wifes income is lost. If she was working, it seems that you would be ok, regardless of what the housing value does. I am assuming she is looking for work, help her. And then all the rest will go away. Enjoy your house, forget about the “value”, and in 27 years you will have something of real value; Your own house.

I agree that rental income and location would be helpful in giving advice better advice.

[DWCAP]

It sounds like your real problem is that your wifes income is lost. If she was working, it seems that you would be ok, regardless of what the housing value does. I am assuming she is looking for work, help her. And then all the rest will go away. Enjoy your house, forget about the “value”, and in 27 years you will have something of real value; Your own house.

I agree that rental income and location would be helpful in giving advice better advice.

[DWCAP]

It sounds like your real problem is that your wifes income is lost. If she was working, it seems that you would be ok, regardless of what the housing value does. I am assuming she is looking for work, help her. And then all the rest will go away. Enjoy your house, forget about the “value”, and in 27 years you will have something of real value; Your own house.

I agree that rental income and location would be helpful in giving advice better advice.

[DWCAP]

It sounds like your real problem is that your wifes income is lost. If she was working, it seems that you would be ok, regardless of what the housing value does. I am assuming she is looking for work, help her. And then all the rest will go away. Enjoy your house, forget about the “value”, and in 27 years you will have something of real value; Your own house.

I agree that rental income and location would be helpful in giving advice better advice.

[DWCAP]

It sounds like your real problem is that your wifes income is lost. If she was working, it seems that you would be ok, regardless of what the housing value does. I am assuming she is looking for work, help her. And then all the rest will go away. Enjoy your house, forget about the “value”, and in 27 years you will have something of real value; Your own house.

I agree that rental income and location would be helpful in giving advice better advice.

[rubberducky]

Thanks!

The house would rent for $2500 at best (landscaping included). With taxes, landscape maintenance, and insurance, that’s about $1400-1500 less than what I owe monthly (I don’t have an escrow account).

This is in the San Diego Estates in Ramona.

Even worse, similar houses closer to the coast (Rancho Bernardo) rent for about $2800

[rubberducky]

Thanks!

The house would rent for $2500 at best (landscaping included). With taxes, landscape maintenance, and insurance, that’s about $1400-1500 less than what I owe monthly (I don’t have an escrow account).

This is in the San Diego Estates in Ramona.

Even worse, similar houses closer to the coast (Rancho Bernardo) rent for about $2800

[rubberducky]

Thanks!

The house would rent for $2500 at best (landscaping included). With taxes, landscape maintenance, and insurance, that’s about $1400-1500 less than what I owe monthly (I don’t have an escrow account).

This is in the San Diego Estates in Ramona.

Even worse, similar houses closer to the coast (Rancho Bernardo) rent for about $2800

[rubberducky]

Thanks!

The house would rent for $2500 at best (landscaping included). With taxes, landscape maintenance, and insurance, that’s about $1400-1500 less than what I owe monthly (I don’t have an escrow account).

This is in the San Diego Estates in Ramona.

Even worse, similar houses closer to the coast (Rancho Bernardo) rent for about $2800

[rubberducky]

Thanks!

The house would rent for $2500 at best (landscaping included). With taxes, landscape maintenance, and insurance, that’s about $1400-1500 less than what I owe monthly (I don’t have an escrow account).

This is in the San Diego Estates in Ramona.

Even worse, similar houses closer to the coast (Rancho Bernardo) rent for about $2800

[waiting hawk]

Man this is a tough one. It almost makes you wish you put 0 down and when the bet (I say bet but it wasnt one for u i know) goes south you could have bought one cheaper and then send in the keys. I feel for you on this one and have no right answers. If the value drops to 300k then do what I wrote above. Other than that I would probably hold and not dump my down unless it tanked further to benefit you due to the shortage of income.
Best of luck

[waiting hawk]

Man this is a tough one. It almost makes you wish you put 0 down and when the bet (I say bet but it wasnt one for u i know) goes south you could have bought one cheaper and then send in the keys. I feel for you on this one and have no right answers. If the value drops to 300k then do what I wrote above. Other than that I would probably hold and not dump my down unless it tanked further to benefit you due to the shortage of income.
Best of luck

[waiting hawk]

Man this is a tough one. It almost makes you wish you put 0 down and when the bet (I say bet but it wasnt one for u i know) goes south you could have bought one cheaper and then send in the keys. I feel for you on this one and have no right answers. If the value drops to 300k then do what I wrote above. Other than that I would probably hold and not dump my down unless it tanked further to benefit you due to the shortage of income.
Best of luck

[waiting hawk]

Man this is a tough one. It almost makes you wish you put 0 down and when the bet (I say bet but it wasnt one for u i know) goes south you could have bought one cheaper and then send in the keys. I feel for you on this one and have no right answers. If the value drops to 300k then do what I wrote above. Other than that I would probably hold and not dump my down unless it tanked further to benefit you due to the shortage of income.
Best of luck

[Author]

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