Home › Forums › Closed Forums › Properties or Areas › price collapse in Chula Vista
- This topic has 487 replies, 37 voices, and was last updated 14 years ago by
sdrealtor.
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December 31, 2007 at 1:30 PM #127150December 31, 2007 at 1:30 PM #127174
betting on fall
Participantjust to add two more (unsolicted) cents on that Quintessa area. . . .
Through my mother in law realtor, I have been able to review some pretty detailed MLS info on that area, including loan balances.Nearly everyone- like 90%- of the owners have loans around $1m. So I think that area will be ground-zero for seeing the impact of pay-option ARMs. Certainly more than a few buyers don’t have the $250,000-$300,000 income needed to make a fully amortizing payment on $1m loan, plus taxes and hoa, and refinancing won’t be possible if there are some low comps and tighter standards.
So I think the real price drops in that area will be in about 3-4 years, when the full payments kick in on the loans.
It will be interesting to see how the community reacts when essentially everyone is upside down on their house.December 31, 2007 at 3:17 PM #126951Jumby
Participantwow good stuff…cause i’m loving that area now (since they finished the 125)
December 31, 2007 at 3:17 PM #127112Participantwow good stuff…cause i’m loving that area now (since they finished the 125)
December 31, 2007 at 3:17 PM #127121Participantwow good stuff…cause i’m loving that area now (since they finished the 125)
December 31, 2007 at 3:17 PM #127189Participantwow good stuff…cause i’m loving that area now (since they finished the 125)
December 31, 2007 at 3:17 PM #127215Participantwow good stuff…cause i’m loving that area now (since they finished the 125)
December 31, 2007 at 3:37 PM #126972CogSciGuy
Participant125’s gonna cost $80 or so a month if you use it daily, even with the “Fast Pass” discount.
Just one more expense…
December 31, 2007 at 3:37 PM #127133Participant125’s gonna cost $80 or so a month if you use it daily, even with the “Fast Pass” discount.
Just one more expense…
December 31, 2007 at 3:37 PM #127141Participant125’s gonna cost $80 or so a month if you use it daily, even with the “Fast Pass” discount.
Just one more expense…
December 31, 2007 at 3:37 PM #127210Participant125’s gonna cost $80 or so a month if you use it daily, even with the “Fast Pass” discount.
Just one more expense…
December 31, 2007 at 3:37 PM #127234Participant125’s gonna cost $80 or so a month if you use it daily, even with the “Fast Pass” discount.
Just one more expense…
December 31, 2007 at 10:38 PM #127117VoZangre
ParticipantOFF TO eXURBIA WITH THE LOT OF Y’ALL…
damned poor! damn the damned poor!
all that infestation and ignorance…
tsk tsk tsk
too bad ya cant just mow ’em down from a moving train like once they did the great Buffalo herds…
December 31, 2007 at 10:38 PM #127277ParticipantOFF TO eXURBIA WITH THE LOT OF Y’ALL…
damned poor! damn the damned poor!
all that infestation and ignorance…
tsk tsk tsk
too bad ya cant just mow ’em down from a moving train like once they did the great Buffalo herds…
December 31, 2007 at 10:38 PM #127286ParticipantOFF TO eXURBIA WITH THE LOT OF Y’ALL…
damned poor! damn the damned poor!
all that infestation and ignorance…
tsk tsk tsk
too bad ya cant just mow ’em down from a moving train like once they did the great Buffalo herds…
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