What’s up with 10537 Moorland Heights Way, 92121?

[an]

226k in 95 for 2100 sq-ft house in SV is as expected. 2100 sq-ft house in CV goes for around 300k back then and 1500 sq-ft house in MM goes for around 150k at the time.

Since interest rate at the time were around 10%, you’re looking at payment of ~$2k/month for SV, ~$2600/month for CV, and $1300/month for MM house. If you reduce the interest back down to 6% like it is today, in order to achieve the same monthly payment, you’ll be looking at $350k for the SV house, $440k for the CV house, and $220k for the MM house. If you just add in 3% inflation, you might be able to guess where that # would be in today’s $. Personally, I take the monthly mortgage premium as a good measurement of how much more the high end will have to fall compare to the low end right now.

[Doofrat]

So as you can see, Interest rates are a really strong driver in the prices of houses, which is why it was so stupid for people to take on ARMs when rates were at their lowest, the only possible direction for rates to go was up, yet everybody loaded up at the worst possible time. Add to this that regulation was nil and hype was all over the place. These same factors in reverse will drive the prices down for years to come in my opinion. So from this point, 226k looks low when in reality the current prices are still too high.

[Doofrat]

So as you can see, Interest rates are a really strong driver in the prices of houses, which is why it was so stupid for people to take on ARMs when rates were at their lowest, the only possible direction for rates to go was up, yet everybody loaded up at the worst possible time. Add to this that regulation was nil and hype was all over the place. These same factors in reverse will drive the prices down for years to come in my opinion. So from this point, 226k looks low when in reality the current prices are still too high.

[Doofrat]

So as you can see, Interest rates are a really strong driver in the prices of houses, which is why it was so stupid for people to take on ARMs when rates were at their lowest, the only possible direction for rates to go was up, yet everybody loaded up at the worst possible time. Add to this that regulation was nil and hype was all over the place. These same factors in reverse will drive the prices down for years to come in my opinion. So from this point, 226k looks low when in reality the current prices are still too high.

[Doofrat]

So as you can see, Interest rates are a really strong driver in the prices of houses, which is why it was so stupid for people to take on ARMs when rates were at their lowest, the only possible direction for rates to go was up, yet everybody loaded up at the worst possible time. Add to this that regulation was nil and hype was all over the place. These same factors in reverse will drive the prices down for years to come in my opinion. So from this point, 226k looks low when in reality the current prices are still too high.

[Doofrat]

So as you can see, Interest rates are a really strong driver in the prices of houses, which is why it was so stupid for people to take on ARMs when rates were at their lowest, the only possible direction for rates to go was up, yet everybody loaded up at the worst possible time. Add to this that regulation was nil and hype was all over the place. These same factors in reverse will drive the prices down for years to come in my opinion. So from this point, 226k looks low when in reality the current prices are still too high.

[Doofrat]

Ah, I was using the maps and it has a line up the road. Now I finally know what it feels like to make a mistake. 🙂

[Doofrat]

Ah, I was using the maps and it has a line up the road. Now I finally know what it feels like to make a mistake. 🙂

[Doofrat]

Ah, I was using the maps and it has a line up the road. Now I finally know what it feels like to make a mistake. 🙂

[Doofrat]

Ah, I was using the maps and it has a line up the road. Now I finally know what it feels like to make a mistake. 🙂

[Doofrat]

Ah, I was using the maps and it has a line up the road. Now I finally know what it feels like to make a mistake. 🙂

[Author]

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