Long time Pigg viewer is trying to run the numbers.

[ocrenter]

downside risk is still quite high in OC/LA. while pre-2001 pricing are easy to find in Temecula Valley and actually starting to pop up here and there in San Diego, I do not think the time has come for the OC.

remember, OC/LA were about 1 year behind SD. and if you see how much hurt SD folks that bought in late 2007 are feeling, that’ll be you in late 2009.

they just dropped the conforming loan limit in OC/LA to $625k, that’s going to accelerate the decline especially in top tier prices.

DO NOT END UP UNDER HOUSE ARREST just to save some money on taxes.

[gn]

We figure we net $500 a month back in our pocket by buying a $550,000 house.

So, you would net $6000/year. The problem is 2 years from now, that $550k house is very likely to be worth only $450k or less.

So, you gain $12k but lose $100k in equity.

[gn]

We figure we net $500 a month back in our pocket by buying a $550,000 house.

So, you would net $6000/year. The problem is 2 years from now, that $550k house is very likely to be worth only $450k or less.

So, you gain $12k but lose $100k in equity.

[gn]

We figure we net $500 a month back in our pocket by buying a $550,000 house.

So, you would net $6000/year. The problem is 2 years from now, that $550k house is very likely to be worth only $450k or less.

So, you gain $12k but lose $100k in equity.

[gn]

We figure we net $500 a month back in our pocket by buying a $550,000 house.

So, you would net $6000/year. The problem is 2 years from now, that $550k house is very likely to be worth only $450k or less.

So, you gain $12k but lose $100k in equity.

[gn]

We figure we net $500 a month back in our pocket by buying a $550,000 house.

So, you would net $6000/year. The problem is 2 years from now, that $550k house is very likely to be worth only $450k or less.

So, you gain $12k but lose $100k in equity.

[(former)FormerSanDiegan]

So, you would net $6000/year. The problem is 2 years from now, that $550k house is very likely to be worth only $450k or less.

So, you gain $12k but lose $100k in equity.

The $12k is guaranteed.
The $100k is speculation.

[(former)FormerSanDiegan]

So, you would net $6000/year. The problem is 2 years from now, that $550k house is very likely to be worth only $450k or less.

So, you gain $12k but lose $100k in equity.

The $12k is guaranteed.
The $100k is speculation.

[(former)FormerSanDiegan]

So, you would net $6000/year. The problem is 2 years from now, that $550k house is very likely to be worth only $450k or less.

So, you gain $12k but lose $100k in equity.

The $12k is guaranteed.
The $100k is speculation.

[(former)FormerSanDiegan]

So, you would net $6000/year. The problem is 2 years from now, that $550k house is very likely to be worth only $450k or less.

So, you gain $12k but lose $100k in equity.

The $12k is guaranteed.
The $100k is speculation.

[(former)FormerSanDiegan]

So, you would net $6000/year. The problem is 2 years from now, that $550k house is very likely to be worth only $450k or less.

So, you gain $12k but lose $100k in equity.

The $12k is guaranteed.
The $100k is speculation.

[gn]

The $12k is guaranteed.
The $100k is speculation.

“Speculation” similar to how the Piggs “speculated” a few years ago that the real estate market would crash big time 🙂

[gn]

The $12k is guaranteed.
The $100k is speculation.

“Speculation” similar to how the Piggs “speculated” a few years ago that the real estate market would crash big time 🙂

[gn]

The $12k is guaranteed.
The $100k is speculation.

“Speculation” similar to how the Piggs “speculated” a few years ago that the real estate market would crash big time 🙂

[gn]

The $12k is guaranteed.
The $100k is speculation.

“Speculation” similar to how the Piggs “speculated” a few years ago that the real estate market would crash big time 🙂

[Author]

Posts