Home › Forums › Closed Forums › Properties or Areas › I am under contract and Moving to Vista???!!!
- This topic has 65 replies, 9 voices, and was last updated 14 years, 8 months ago by DWCAP.
-
AuthorPosts
-
March 15, 2010 at 9:11 AM #526919March 15, 2010 at 11:10 AM #526934anParticipant
[quote=temeculaguy]Parts of vista are fine, if you are in shadowridge you’ll like it, north of the 78 it’s hit and miss but if you like the price, the neighbors and can afford it, why worry? If you don’t have to live in Carlsbad or Encinitas, then it makes sense to look elsewhere where prices have come down considerably. The whole thing is about finding something you can comfortably afford and be happy with, sounds like you did it.
Ultimately this will cause Bug’s butterfly effect to come true. If places ten miles away drop in price significantly and shoppers looking at carlsbad or encinitas will look a town or two away, then ultimately it will put downward pressure on the towns they fled, if this keeps up, CAR and JP will get the price they want and then everyone will be happy.[/quote]
The way things are playing out, it seems more likely than the nicer area will stay flat/slow decrease and the marginal area crash and rebound back up to meet the nicer area in the future. Only time will see.Here’s an example of the property strictly in MM. Small 1000-1500 sq-ft houses dropped ~40% from peak, larger 1800+ sq-ft dropped ~30-35% from peak. Over the last year, small 1000-1500 sq-ft increased ~15-20%, larger 1800+ sq-ft increased ~5-10%. So, it seems like the smaller homes crashed the hardest and now rebounding the hardest. When things start crashing, the supply of 1800+ sq-ft dried up a lot (most don’t need to sell). Now, the bottom end SFR of MM is closing the gap w/ the higher end. I would have preferred the top end dropping more to close the gap w/ the bottom end, but it didn’t happen.
If this scenario happens all w/in MM, I can see it happen on a larger scale, where school also comes into play. Those who buy in certain area for the school would never consider MM, Vista, O-side, San Marcos, Escondido.
March 15, 2010 at 11:10 AM #526677anParticipant[quote=temeculaguy]Parts of vista are fine, if you are in shadowridge you’ll like it, north of the 78 it’s hit and miss but if you like the price, the neighbors and can afford it, why worry? If you don’t have to live in Carlsbad or Encinitas, then it makes sense to look elsewhere where prices have come down considerably. The whole thing is about finding something you can comfortably afford and be happy with, sounds like you did it.
Ultimately this will cause Bug’s butterfly effect to come true. If places ten miles away drop in price significantly and shoppers looking at carlsbad or encinitas will look a town or two away, then ultimately it will put downward pressure on the towns they fled, if this keeps up, CAR and JP will get the price they want and then everyone will be happy.[/quote]
The way things are playing out, it seems more likely than the nicer area will stay flat/slow decrease and the marginal area crash and rebound back up to meet the nicer area in the future. Only time will see.Here’s an example of the property strictly in MM. Small 1000-1500 sq-ft houses dropped ~40% from peak, larger 1800+ sq-ft dropped ~30-35% from peak. Over the last year, small 1000-1500 sq-ft increased ~15-20%, larger 1800+ sq-ft increased ~5-10%. So, it seems like the smaller homes crashed the hardest and now rebounding the hardest. When things start crashing, the supply of 1800+ sq-ft dried up a lot (most don’t need to sell). Now, the bottom end SFR of MM is closing the gap w/ the higher end. I would have preferred the top end dropping more to close the gap w/ the bottom end, but it didn’t happen.
If this scenario happens all w/in MM, I can see it happen on a larger scale, where school also comes into play. Those who buy in certain area for the school would never consider MM, Vista, O-side, San Marcos, Escondido.
March 15, 2010 at 11:10 AM #526134anParticipant[quote=temeculaguy]Parts of vista are fine, if you are in shadowridge you’ll like it, north of the 78 it’s hit and miss but if you like the price, the neighbors and can afford it, why worry? If you don’t have to live in Carlsbad or Encinitas, then it makes sense to look elsewhere where prices have come down considerably. The whole thing is about finding something you can comfortably afford and be happy with, sounds like you did it.
Ultimately this will cause Bug’s butterfly effect to come true. If places ten miles away drop in price significantly and shoppers looking at carlsbad or encinitas will look a town or two away, then ultimately it will put downward pressure on the towns they fled, if this keeps up, CAR and JP will get the price they want and then everyone will be happy.[/quote]
The way things are playing out, it seems more likely than the nicer area will stay flat/slow decrease and the marginal area crash and rebound back up to meet the nicer area in the future. Only time will see.Here’s an example of the property strictly in MM. Small 1000-1500 sq-ft houses dropped ~40% from peak, larger 1800+ sq-ft dropped ~30-35% from peak. Over the last year, small 1000-1500 sq-ft increased ~15-20%, larger 1800+ sq-ft increased ~5-10%. So, it seems like the smaller homes crashed the hardest and now rebounding the hardest. When things start crashing, the supply of 1800+ sq-ft dried up a lot (most don’t need to sell). Now, the bottom end SFR of MM is closing the gap w/ the higher end. I would have preferred the top end dropping more to close the gap w/ the bottom end, but it didn’t happen.
If this scenario happens all w/in MM, I can see it happen on a larger scale, where school also comes into play. Those who buy in certain area for the school would never consider MM, Vista, O-side, San Marcos, Escondido.
March 15, 2010 at 11:10 AM #526580anParticipant[quote=temeculaguy]Parts of vista are fine, if you are in shadowridge you’ll like it, north of the 78 it’s hit and miss but if you like the price, the neighbors and can afford it, why worry? If you don’t have to live in Carlsbad or Encinitas, then it makes sense to look elsewhere where prices have come down considerably. The whole thing is about finding something you can comfortably afford and be happy with, sounds like you did it.
Ultimately this will cause Bug’s butterfly effect to come true. If places ten miles away drop in price significantly and shoppers looking at carlsbad or encinitas will look a town or two away, then ultimately it will put downward pressure on the towns they fled, if this keeps up, CAR and JP will get the price they want and then everyone will be happy.[/quote]
The way things are playing out, it seems more likely than the nicer area will stay flat/slow decrease and the marginal area crash and rebound back up to meet the nicer area in the future. Only time will see.Here’s an example of the property strictly in MM. Small 1000-1500 sq-ft houses dropped ~40% from peak, larger 1800+ sq-ft dropped ~30-35% from peak. Over the last year, small 1000-1500 sq-ft increased ~15-20%, larger 1800+ sq-ft increased ~5-10%. So, it seems like the smaller homes crashed the hardest and now rebounding the hardest. When things start crashing, the supply of 1800+ sq-ft dried up a lot (most don’t need to sell). Now, the bottom end SFR of MM is closing the gap w/ the higher end. I would have preferred the top end dropping more to close the gap w/ the bottom end, but it didn’t happen.
If this scenario happens all w/in MM, I can see it happen on a larger scale, where school also comes into play. Those who buy in certain area for the school would never consider MM, Vista, O-side, San Marcos, Escondido.
March 15, 2010 at 11:10 AM #526002anParticipant[quote=temeculaguy]Parts of vista are fine, if you are in shadowridge you’ll like it, north of the 78 it’s hit and miss but if you like the price, the neighbors and can afford it, why worry? If you don’t have to live in Carlsbad or Encinitas, then it makes sense to look elsewhere where prices have come down considerably. The whole thing is about finding something you can comfortably afford and be happy with, sounds like you did it.
Ultimately this will cause Bug’s butterfly effect to come true. If places ten miles away drop in price significantly and shoppers looking at carlsbad or encinitas will look a town or two away, then ultimately it will put downward pressure on the towns they fled, if this keeps up, CAR and JP will get the price they want and then everyone will be happy.[/quote]
The way things are playing out, it seems more likely than the nicer area will stay flat/slow decrease and the marginal area crash and rebound back up to meet the nicer area in the future. Only time will see.Here’s an example of the property strictly in MM. Small 1000-1500 sq-ft houses dropped ~40% from peak, larger 1800+ sq-ft dropped ~30-35% from peak. Over the last year, small 1000-1500 sq-ft increased ~15-20%, larger 1800+ sq-ft increased ~5-10%. So, it seems like the smaller homes crashed the hardest and now rebounding the hardest. When things start crashing, the supply of 1800+ sq-ft dried up a lot (most don’t need to sell). Now, the bottom end SFR of MM is closing the gap w/ the higher end. I would have preferred the top end dropping more to close the gap w/ the bottom end, but it didn’t happen.
If this scenario happens all w/in MM, I can see it happen on a larger scale, where school also comes into play. Those who buy in certain area for the school would never consider MM, Vista, O-side, San Marcos, Escondido.
March 15, 2010 at 4:36 PM #526259treehuggerParticipantMy realtor just called and wants to know what I want to do regarding the shortsale that accepted my offer….I said keep them on hold…I know I am hedging my bets, but really the shortsale is a crap shoot anyway and I might not get the house in Vista, so it is good to have a back up….
I have some serious commitment issues and i am driving my boyfriend insane. I have looked up all the comps and mapped them and then made him drive me by them…I have looked up all the foreclosures and preforeclosures as well….if they are bankrupt they get to keep their house or should I drive by those as well?
Does anyone else have the Redfin app for their iphone? I love it!!
Zillow or foreclosure.com (can’t remeber which) says the house in Vista has 17%equity at the asking price and I am under the asking price, how do they make that call if they have never seen the inside?
Does the appraiser know that I offered the bank less and they accepted? Or do they just get sent in to objectively appraise the home?? How trustworthy is the appraiser?
March 15, 2010 at 4:36 PM #527060treehuggerParticipantMy realtor just called and wants to know what I want to do regarding the shortsale that accepted my offer….I said keep them on hold…I know I am hedging my bets, but really the shortsale is a crap shoot anyway and I might not get the house in Vista, so it is good to have a back up….
I have some serious commitment issues and i am driving my boyfriend insane. I have looked up all the comps and mapped them and then made him drive me by them…I have looked up all the foreclosures and preforeclosures as well….if they are bankrupt they get to keep their house or should I drive by those as well?
Does anyone else have the Redfin app for their iphone? I love it!!
Zillow or foreclosure.com (can’t remeber which) says the house in Vista has 17%equity at the asking price and I am under the asking price, how do they make that call if they have never seen the inside?
Does the appraiser know that I offered the bank less and they accepted? Or do they just get sent in to objectively appraise the home?? How trustworthy is the appraiser?
March 15, 2010 at 4:36 PM #526127treehuggerParticipantMy realtor just called and wants to know what I want to do regarding the shortsale that accepted my offer….I said keep them on hold…I know I am hedging my bets, but really the shortsale is a crap shoot anyway and I might not get the house in Vista, so it is good to have a back up….
I have some serious commitment issues and i am driving my boyfriend insane. I have looked up all the comps and mapped them and then made him drive me by them…I have looked up all the foreclosures and preforeclosures as well….if they are bankrupt they get to keep their house or should I drive by those as well?
Does anyone else have the Redfin app for their iphone? I love it!!
Zillow or foreclosure.com (can’t remeber which) says the house in Vista has 17%equity at the asking price and I am under the asking price, how do they make that call if they have never seen the inside?
Does the appraiser know that I offered the bank less and they accepted? Or do they just get sent in to objectively appraise the home?? How trustworthy is the appraiser?
March 15, 2010 at 4:36 PM #526802treehuggerParticipantMy realtor just called and wants to know what I want to do regarding the shortsale that accepted my offer….I said keep them on hold…I know I am hedging my bets, but really the shortsale is a crap shoot anyway and I might not get the house in Vista, so it is good to have a back up….
I have some serious commitment issues and i am driving my boyfriend insane. I have looked up all the comps and mapped them and then made him drive me by them…I have looked up all the foreclosures and preforeclosures as well….if they are bankrupt they get to keep their house or should I drive by those as well?
Does anyone else have the Redfin app for their iphone? I love it!!
Zillow or foreclosure.com (can’t remeber which) says the house in Vista has 17%equity at the asking price and I am under the asking price, how do they make that call if they have never seen the inside?
Does the appraiser know that I offered the bank less and they accepted? Or do they just get sent in to objectively appraise the home?? How trustworthy is the appraiser?
March 15, 2010 at 4:36 PM #526705treehuggerParticipantMy realtor just called and wants to know what I want to do regarding the shortsale that accepted my offer….I said keep them on hold…I know I am hedging my bets, but really the shortsale is a crap shoot anyway and I might not get the house in Vista, so it is good to have a back up….
I have some serious commitment issues and i am driving my boyfriend insane. I have looked up all the comps and mapped them and then made him drive me by them…I have looked up all the foreclosures and preforeclosures as well….if they are bankrupt they get to keep their house or should I drive by those as well?
Does anyone else have the Redfin app for their iphone? I love it!!
Zillow or foreclosure.com (can’t remeber which) says the house in Vista has 17%equity at the asking price and I am under the asking price, how do they make that call if they have never seen the inside?
Does the appraiser know that I offered the bank less and they accepted? Or do they just get sent in to objectively appraise the home?? How trustworthy is the appraiser?
March 15, 2010 at 6:33 PM #526775PCinSDGuestI don’t know about foreclosure.com, but I think it’s generally accepted that Zillow’s numbers are frequently wrong, and shouldn’t be used to determine value.
March 15, 2010 at 6:33 PM #526329PCinSDGuestI don’t know about foreclosure.com, but I think it’s generally accepted that Zillow’s numbers are frequently wrong, and shouldn’t be used to determine value.
March 15, 2010 at 6:33 PM #526872PCinSDGuestI don’t know about foreclosure.com, but I think it’s generally accepted that Zillow’s numbers are frequently wrong, and shouldn’t be used to determine value.
March 15, 2010 at 6:33 PM #526197PCinSDGuestI don’t know about foreclosure.com, but I think it’s generally accepted that Zillow’s numbers are frequently wrong, and shouldn’t be used to determine value.
-
AuthorPosts
- The forum ‘Properties or Areas’ is closed to new topics and replies.