price collapse in Chula Vista

[BuyerWillEPB]

esmith, I agree with you. But in my opinion, it’s the trend that is our friend here. This particular low list price might be rejected, but the important part is that another lower plateau has been breached. That means many more will follow and some of those will sell thereby setting the new comps and continuing the downward spiral.

Would you have even dared to hope for such a listing even 1 year or 2 years ago? No way. This is more pressure in our favor (and good news for all regular families, actually).

[BuyerWillEPB]

esmith, I agree with you. But in my opinion, it’s the trend that is our friend here. This particular low list price might be rejected, but the important part is that another lower plateau has been breached. That means many more will follow and some of those will sell thereby setting the new comps and continuing the downward spiral.

Would you have even dared to hope for such a listing even 1 year or 2 years ago? No way. This is more pressure in our favor (and good news for all regular families, actually).

[Coronita]

When I looked at the picture of the children room in that house, it gave me a very sad feeling. People with dreams and love and family and especially kids are going to be ruined by this downturn of real estate.

f*** all the liars who contributed to this mess.

When I look at the pictures of that house, I saw a relatively new Mitsubishi Eclipse parked outside, really nice upgrades inside (nicer than my own home), lots of new toys for the kids that probably cost a fortune, and a buyer that paid $1million to live in Chula Vista . I can't fathom too much sympathy here, because it appears there was overspending by these folks across the board. I do feel sorry for the kids.

The interesting thing will be if this family qualifies for any bailout, if they are even going to think about taking the bailout plan, given a $400k+ shaving on the value…Not to mention that in Chula Vista, it's probably going to get even worse than better better.

One slightly off topic question: I see so many new home buyers buy a new car right after they move in. Why is that? I would think that after one makes such a large purchase, that one would want to be more financially conservative the first year or so- just in case he/she underestimated expenses. But more often than not, I've seen several new home buyers trade in their cars for a new one just a few weeks after they move in. Possible kickbacks?

 

[Coronita]

When I looked at the picture of the children room in that house, it gave me a very sad feeling. People with dreams and love and family and especially kids are going to be ruined by this downturn of real estate.

f*** all the liars who contributed to this mess.

When I look at the pictures of that house, I saw a relatively new Mitsubishi Eclipse parked outside, really nice upgrades inside (nicer than my own home), lots of new toys for the kids that probably cost a fortune, and a buyer that paid $1million to live in Chula Vista . I can't fathom too much sympathy here, because it appears there was overspending by these folks across the board. I do feel sorry for the kids.

The interesting thing will be if this family qualifies for any bailout, if they are even going to think about taking the bailout plan, given a $400k+ shaving on the value…Not to mention that in Chula Vista, it's probably going to get even worse than better better.

One slightly off topic question: I see so many new home buyers buy a new car right after they move in. Why is that? I would think that after one makes such a large purchase, that one would want to be more financially conservative the first year or so- just in case he/she underestimated expenses. But more often than not, I've seen several new home buyers trade in their cars for a new one just a few weeks after they move in. Possible kickbacks?

 

[Coronita]

When I looked at the picture of the children room in that house, it gave me a very sad feeling. People with dreams and love and family and especially kids are going to be ruined by this downturn of real estate.

f*** all the liars who contributed to this mess.

When I look at the pictures of that house, I saw a relatively new Mitsubishi Eclipse parked outside, really nice upgrades inside (nicer than my own home), lots of new toys for the kids that probably cost a fortune, and a buyer that paid $1million to live in Chula Vista . I can't fathom too much sympathy here, because it appears there was overspending by these folks across the board. I do feel sorry for the kids.

The interesting thing will be if this family qualifies for any bailout, if they are even going to think about taking the bailout plan, given a $400k+ shaving on the value…Not to mention that in Chula Vista, it's probably going to get even worse than better better.

One slightly off topic question: I see so many new home buyers buy a new car right after they move in. Why is that? I would think that after one makes such a large purchase, that one would want to be more financially conservative the first year or so- just in case he/she underestimated expenses. But more often than not, I've seen several new home buyers trade in their cars for a new one just a few weeks after they move in. Possible kickbacks?

 

[Coronita]

When I looked at the picture of the children room in that house, it gave me a very sad feeling. People with dreams and love and family and especially kids are going to be ruined by this downturn of real estate.

f*** all the liars who contributed to this mess.

When I look at the pictures of that house, I saw a relatively new Mitsubishi Eclipse parked outside, really nice upgrades inside (nicer than my own home), lots of new toys for the kids that probably cost a fortune, and a buyer that paid $1million to live in Chula Vista . I can't fathom too much sympathy here, because it appears there was overspending by these folks across the board. I do feel sorry for the kids.

The interesting thing will be if this family qualifies for any bailout, if they are even going to think about taking the bailout plan, given a $400k+ shaving on the value…Not to mention that in Chula Vista, it's probably going to get even worse than better better.

One slightly off topic question: I see so many new home buyers buy a new car right after they move in. Why is that? I would think that after one makes such a large purchase, that one would want to be more financially conservative the first year or so- just in case he/she underestimated expenses. But more often than not, I've seen several new home buyers trade in their cars for a new one just a few weeks after they move in. Possible kickbacks?

 

[Coronita]

When I looked at the picture of the children room in that house, it gave me a very sad feeling. People with dreams and love and family and especially kids are going to be ruined by this downturn of real estate.

f*** all the liars who contributed to this mess.

When I look at the pictures of that house, I saw a relatively new Mitsubishi Eclipse parked outside, really nice upgrades inside (nicer than my own home), lots of new toys for the kids that probably cost a fortune, and a buyer that paid $1million to live in Chula Vista . I can't fathom too much sympathy here, because it appears there was overspending by these folks across the board. I do feel sorry for the kids.

The interesting thing will be if this family qualifies for any bailout, if they are even going to think about taking the bailout plan, given a $400k+ shaving on the value…Not to mention that in Chula Vista, it's probably going to get even worse than better better.

One slightly off topic question: I see so many new home buyers buy a new car right after they move in. Why is that? I would think that after one makes such a large purchase, that one would want to be more financially conservative the first year or so- just in case he/she underestimated expenses. But more often than not, I've seen several new home buyers trade in their cars for a new one just a few weeks after they move in. Possible kickbacks?

 

[Trojan4Life]

I think it’s because they are intoxicated by the high that spending brings, and they are also trying to keep up appearances like everyone else in the neighborhoods. And let’s not forget, the mortgage folks tell you not to dork with anything that will affect credit ratios until after closing. When you think about the expenses associated with buying a new home, the last thing I’d want to spend money on is a car! Window treatments, landscaping, furniture, etc…it’s a fortune!

[Trojan4Life]

I think it’s because they are intoxicated by the high that spending brings, and they are also trying to keep up appearances like everyone else in the neighborhoods. And let’s not forget, the mortgage folks tell you not to dork with anything that will affect credit ratios until after closing. When you think about the expenses associated with buying a new home, the last thing I’d want to spend money on is a car! Window treatments, landscaping, furniture, etc…it’s a fortune!

[Trojan4Life]

I think it’s because they are intoxicated by the high that spending brings, and they are also trying to keep up appearances like everyone else in the neighborhoods. And let’s not forget, the mortgage folks tell you not to dork with anything that will affect credit ratios until after closing. When you think about the expenses associated with buying a new home, the last thing I’d want to spend money on is a car! Window treatments, landscaping, furniture, etc…it’s a fortune!

[Trojan4Life]

I think it’s because they are intoxicated by the high that spending brings, and they are also trying to keep up appearances like everyone else in the neighborhoods. And let’s not forget, the mortgage folks tell you not to dork with anything that will affect credit ratios until after closing. When you think about the expenses associated with buying a new home, the last thing I’d want to spend money on is a car! Window treatments, landscaping, furniture, etc…it’s a fortune!

[Trojan4Life]

I think it’s because they are intoxicated by the high that spending brings, and they are also trying to keep up appearances like everyone else in the neighborhoods. And let’s not forget, the mortgage folks tell you not to dork with anything that will affect credit ratios until after closing. When you think about the expenses associated with buying a new home, the last thing I’d want to spend money on is a car! Window treatments, landscaping, furniture, etc…it’s a fortune!

[jimmyle]

2 years ago some people says prices might go down 30-40% and I laughed at them. Wow.

[jimmyle]

2 years ago some people says prices might go down 30-40% and I laughed at them. Wow.

[jimmyle]

2 years ago some people says prices might go down 30-40% and I laughed at them. Wow.

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