Is this a good deal in Scripps ?

[jimmyle]

This condo is not very attractive, especially with the common walls. Wait a year more and buy a detached home for around $440K.

Check out this house for $485K in Scripps. I believe a similar home should be around $450K within a year.

http://www.ziprealty.com/buy_a_home/logged_in/search/home_detail.jsp?listing_num=076064216&page=1&property_type=SFR&mls=mls_sandiego&cKey=x3qwv5lh&source=SANDICOR

[pertinazzio]

QUOTE No. You should wait until 2029 when the market bottoms out at 180% loss then you can buy a La Jolla Home for $25,000.QUOTE

This was not helpful! I don’t have a zip account so I could view the property details. I will remark however that the fact that you family is about increase in size is not a reason in and of it self to buy.

Beatus ille qui procul negotiis … paterna rura bobus exercet suis, solutus omni fenore….. Horace

[pertinazzio]

QUOTE No. You should wait until 2029 when the market bottoms out at 180% loss then you can buy a La Jolla Home for $25,000.QUOTE

This was not helpful! I don’t have a zip account so I could view the property details. I will remark however that the fact that you family is about increase in size is not a reason in and of it self to buy.

Beatus ille qui procul negotiis … paterna rura bobus exercet suis, solutus omni fenore….. Horace

[pertinazzio]

QUOTE No. You should wait until 2029 when the market bottoms out at 180% loss then you can buy a La Jolla Home for $25,000.QUOTE

This was not helpful! I don’t have a zip account so I could view the property details. I will remark however that the fact that you family is about increase in size is not a reason in and of it self to buy.

Beatus ille qui procul negotiis … paterna rura bobus exercet suis, solutus omni fenore….. Horace

[pertinazzio]

QUOTE No. You should wait until 2029 when the market bottoms out at 180% loss then you can buy a La Jolla Home for $25,000.QUOTE

This was not helpful! I don’t have a zip account so I could view the property details. I will remark however that the fact that you family is about increase in size is not a reason in and of it self to buy.

Beatus ille qui procul negotiis … paterna rura bobus exercet suis, solutus omni fenore….. Horace

[pertinazzio]

QUOTE No. You should wait until 2029 when the market bottoms out at 180% loss then you can buy a La Jolla Home for $25,000.QUOTE

This was not helpful! I don’t have a zip account so I could view the property details. I will remark however that the fact that you family is about increase in size is not a reason in and of it self to buy.

Beatus ille qui procul negotiis … paterna rura bobus exercet suis, solutus omni fenore….. Horace

[andymajumder]

A rough calculation is as follows:

$389K with 20% down @6.25 monthly payment = $1920 (monthly)

HOA + insurance +prop taxes (@1.25%) = $640 (monthly)

Savings in interest deduction = $534 (monthly)

Net monthly cost = ($1920+640-534) = $2026

Rent for a similar place seems to be about $1800/month.
So its close, which means if I can try and get it for 20K less (in case a low bid offer is accepted), it may be a good deal. I do expect rents to be higher a few years from now due to inflation.

[andymajumder]

A rough calculation is as follows:

$389K with 20% down @6.25 monthly payment = $1920 (monthly)

HOA + insurance +prop taxes (@1.25%) = $640 (monthly)

Savings in interest deduction = $534 (monthly)

Net monthly cost = ($1920+640-534) = $2026

Rent for a similar place seems to be about $1800/month.
So its close, which means if I can try and get it for 20K less (in case a low bid offer is accepted), it may be a good deal. I do expect rents to be higher a few years from now due to inflation.

[andymajumder]

A rough calculation is as follows:

$389K with 20% down @6.25 monthly payment = $1920 (monthly)

HOA + insurance +prop taxes (@1.25%) = $640 (monthly)

Savings in interest deduction = $534 (monthly)

Net monthly cost = ($1920+640-534) = $2026

Rent for a similar place seems to be about $1800/month.
So its close, which means if I can try and get it for 20K less (in case a low bid offer is accepted), it may be a good deal. I do expect rents to be higher a few years from now due to inflation.

[andymajumder]

A rough calculation is as follows:

$389K with 20% down @6.25 monthly payment = $1920 (monthly)

HOA + insurance +prop taxes (@1.25%) = $640 (monthly)

Savings in interest deduction = $534 (monthly)

Net monthly cost = ($1920+640-534) = $2026

Rent for a similar place seems to be about $1800/month.
So its close, which means if I can try and get it for 20K less (in case a low bid offer is accepted), it may be a good deal. I do expect rents to be higher a few years from now due to inflation.

[andymajumder]

A rough calculation is as follows:

$389K with 20% down @6.25 monthly payment = $1920 (monthly)

HOA + insurance +prop taxes (@1.25%) = $640 (monthly)

Savings in interest deduction = $534 (monthly)

Net monthly cost = ($1920+640-534) = $2026

Rent for a similar place seems to be about $1800/month.
So its close, which means if I can try and get it for 20K less (in case a low bid offer is accepted), it may be a good deal. I do expect rents to be higher a few years from now due to inflation.

[GunDoctor]

to funny,

I have been called a bitter renter.
could we be seeing the rise of the Bitter Buyer?
Gun

[GunDoctor]

to funny,

I have been called a bitter renter.
could we be seeing the rise of the Bitter Buyer?
Gun

[GunDoctor]

to funny,

I have been called a bitter renter.
could we be seeing the rise of the Bitter Buyer?
Gun

[GunDoctor]

to funny,

I have been called a bitter renter.
could we be seeing the rise of the Bitter Buyer?
Gun

[Author]

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