NEED your input, About to buy a new Pienza home in 4S Ranch – Page 6

This topic has 147 replies, 33 voices, and was last updated 16 years, 3 months ago by 4spotentialbuyer.

Viewing 15 posts - 76 through 90 (of 148 total)

← 1 2 3 … 5 6 7 8 9 10 →

Author

Posts
June 12, 2007 at 1:36 PM #58747

Alex_angel
Participant

Fact #1. You let your emotions get you into this. You wanted to get your new baby a home to live in and you found a model that was gorgeous and you saw yourself there.

Fact #2. You state that you can afford the home. Not a bad place to be in since most people in SD cannot afford $4500 month.

Fact #3. 4S Ranch is a great area. Never heard of this made up nickname 4closure Ranch so don’t listen to that person. Lot of homes went up there from $800-1 million in the same square foot range that you bought so if anyone has to worry it is those buyers not yours.

I agree that 4S is going downin price but so is ALL of San Diego. In reality your price of $700k would ahve fetched over $900 2 years ago so in essence you are paying 20% less. You will probably stay level over the next few years. It is those that paid $900 that will suffer when they sell.

Now abse your decision on money. Can you afford it? Yes? Then go ahead and enjoy your life.

There are a lot of smart people on this site and a lot of cynics. Choose your poison.

If you base your life decisions on a blog site then you have worse problems to deal with.

June 12, 2007 at 1:36 PM #58775

Alex_angel
Participant

Fact #1. You let your emotions get you into this. You wanted to get your new baby a home to live in and you found a model that was gorgeous and you saw yourself there.

Fact #2. You state that you can afford the home. Not a bad place to be in since most people in SD cannot afford $4500 month.

Fact #3. 4S Ranch is a great area. Never heard of this made up nickname 4closure Ranch so don’t listen to that person. Lot of homes went up there from $800-1 million in the same square foot range that you bought so if anyone has to worry it is those buyers not yours.

I agree that 4S is going downin price but so is ALL of San Diego. In reality your price of $700k would ahve fetched over $900 2 years ago so in essence you are paying 20% less. You will probably stay level over the next few years. It is those that paid $900 that will suffer when they sell.

Now abse your decision on money. Can you afford it? Yes? Then go ahead and enjoy your life.

There are a lot of smart people on this site and a lot of cynics. Choose your poison.

If you base your life decisions on a blog site then you have worse problems to deal with.

June 12, 2007 at 2:56 PM #58779

capeman
Participant

If you base your life decisions on a blog site then you have worse problems to deal with.

Don't base your decisions on any one site or person (i.e. realtors, loan writers, etc.) Dig around everywhere, talk to the locals, read many sites/articles/analysts reviews and put it all together to see if it makes sense. You have all the time in the world to decide on buying a house or not. You do not have the luxury of time when deciding if you got hosed. Patience is one thing the market has not had in the last 5 years. That is what drove a lot of the psychology and madness that got it so out of whack. Rational thought is what tell you if your timing is smart money investing.

cheers,

chris

June 12, 2007 at 2:56 PM #58808

capeman
Participant

If you base your life decisions on a blog site then you have worse problems to deal with.

Don't base your decisions on any one site or person (i.e. realtors, loan writers, etc.) Dig around everywhere, talk to the locals, read many sites/articles/analysts reviews and put it all together to see if it makes sense. You have all the time in the world to decide on buying a house or not. You do not have the luxury of time when deciding if you got hosed. Patience is one thing the market has not had in the last 5 years. That is what drove a lot of the psychology and madness that got it so out of whack. Rational thought is what tell you if your timing is smart money investing.

cheers,

chris

June 12, 2007 at 10:34 PM #58905

buyorhold
Participant

Thanks to all, yes, I am new to piggington.com and I have enjoyed reading everyone’s comments. I know that a lot of you think it is an unwise decision to buy right now, and I do see your point. I think that I will watch the market very closely over summer and see how things go. There is a contingency clause in our contract that if we cannot sell our current home by the close of escrow, I can still back out of the deal and get my deposit back…

Thanks again everyone!

June 12, 2007 at 10:34 PM #58934

buyorhold
Participant

Thanks to all, yes, I am new to piggington.com and I have enjoyed reading everyone’s comments. I know that a lot of you think it is an unwise decision to buy right now, and I do see your point. I think that I will watch the market very closely over summer and see how things go. There is a contingency clause in our contract that if we cannot sell our current home by the close of escrow, I can still back out of the deal and get my deposit back…

Thanks again everyone!

June 13, 2007 at 9:29 AM #58973

Anonymous
Guest

Way to go, buyorhold. Put your house up for sale and see how much you get for it and how long it takes for it to sell. That will give you a very good feel for the market. That contingency was a really smart move. We have read ad nauseam on this blog and others about people who did not do that and got stuck with two mortgages. Just the fact that this contingency is back in vogue tells you loads about the new conditions in the market, IMO. Even if you do sell the house and have to lose the deposit if you back out, you can still sock away your equity, rent a nice house and wait for the market to settle down. Trust me, it feels good to have cash on hand when everybody else is maxing out the credit cards.

June 13, 2007 at 9:29 AM #59002

Anonymous
Guest

Way to go, buyorhold. Put your house up for sale and see how much you get for it and how long it takes for it to sell. That will give you a very good feel for the market. That contingency was a really smart move. We have read ad nauseam on this blog and others about people who did not do that and got stuck with two mortgages. Just the fact that this contingency is back in vogue tells you loads about the new conditions in the market, IMO. Even if you do sell the house and have to lose the deposit if you back out, you can still sock away your equity, rent a nice house and wait for the market to settle down. Trust me, it feels good to have cash on hand when everybody else is maxing out the credit cards.

June 13, 2007 at 9:59 AM #58987

CardiffBaseball
Participant

From ocrenter’s blog there are plenty of articles on 4S or 4Closure Ranch. How can anyone read Piggington and claim to have never heard the term 4-Closure Ranch?

To get positive spin, go talk to people who live there, and to get some interesting data read these articles from the bubble-tracking blog. Note the loss at greater than 10% in less than a year on one of the homes. I like the guy down around $320K in one year’s time, though that could end up more or less as ocrenter is merely taking the average that homes have been sold for.

4-Closure Ranch

June 13, 2007 at 9:59 AM #59016

CardiffBaseball
Participant

From ocrenter’s blog there are plenty of articles on 4S or 4Closure Ranch. How can anyone read Piggington and claim to have never heard the term 4-Closure Ranch?

To get positive spin, go talk to people who live there, and to get some interesting data read these articles from the bubble-tracking blog. Note the loss at greater than 10% in less than a year on one of the homes. I like the guy down around $320K in one year’s time, though that could end up more or less as ocrenter is merely taking the average that homes have been sold for.

4-Closure Ranch

July 22, 2007 at 12:57 PM #66971

4spotentialbuyer
Participant

We are thinking of buying in Pienza today however we want to wait until October or December. Do you have the price sheet on how much upgrades will cost? The sales office will not release that until you buy a house and we are seeing what is the maximum we could afford. Other builders have given price sheets for all of their upgrades however Pienza will not. Next phase release to be mid August… Thanks

July 22, 2007 at 12:57 PM #67036

4spotentialbuyer
Participant

We are thinking of buying in Pienza today however we want to wait until October or December. Do you have the price sheet on how much upgrades will cost? The sales office will not release that until you buy a house and we are seeing what is the maximum we could afford. Other builders have given price sheets for all of their upgrades however Pienza will not. Next phase release to be mid August… Thanks

July 22, 2007 at 1:32 PM #66981

JWM in SD
Participant

did you even read this thread????

Yes, go buy right now and be a knifecatcher. Good luck with that and don’t say you weren’t warned.

July 22, 2007 at 1:32 PM #67046

JWM in SD
Participant

did you even read this thread????

Yes, go buy right now and be a knifecatcher. Good luck with that and don’t say you weren’t warned.

July 22, 2007 at 1:39 PM #66983

4spotentialbuyer
Participant

Yes, I have read all the posts on 4S Ranch, however we are planning on saying put for 10-15 years at least…and that is why we are waiting until Winter prices, see if there is a change, if prices do not go down 50K then wait until Spring…after that they would be finished building this community.

As there are people who bought Silver Crest in 900Ks, we thought we would still be better off if we could get Pienza at 680 to 720K.
Author

Posts