Will Chanteclair in 4S drop in price?

[sunny88]

[quote=lifeisgood]I look at articles on this site just about everyday. My wife and I will be closing on our new home in late February. We are super stoked being that it is our first house and all. We bought the plan three in Chanteclair which we will be trying to fill up with kids eventually. My wife wanted me to ask some of you experts in real estate about the possibility of our new house loosing a great deal of value or will it just stay stagnant for a while? From what I read on this site, it seems like some areas have lost so much value that they are close if not at the bottom. Do you all think that 4S is close to bottom or is there a lot of room to fall. We don’t mind too much as we will be staying in this house for at least 15+ years. We also understand that this is a risk. We just couldn’t pass up the deal we got on the house plus the interest rate that we locked. Thanks for your opinions in advance! [/quote]

Congratulations on your new home! I believe that as long as you don’t see your home as an investment for the short-term (i.e. time frame <10 years) you should be fine. The values will likely drop further, but it's almost impossible to buy at the bottom. You bought your house as a home for you and your family. I have been to 4S ranch many times and think that it is a nice area to raise a family. Once the housing market recovers (and it will!) the value of your home will go up. Nobody knows when the housing market will bottom but it looks like it will take another year or 2 before this happens here in SD.

[Sandiagon]

lifeisgood,
Compare your purchase price with “Recent closing” homes on SDLookup.com
http://www.sdlookup.com/Closings-92127-Rancho_Bernardo

[Sandiagon]

lifeisgood,
Compare your purchase price with “Recent closing” homes on SDLookup.com
http://www.sdlookup.com/Closings-92127-Rancho_Bernardo

[Sandiagon]

lifeisgood,
Compare your purchase price with “Recent closing” homes on SDLookup.com
http://www.sdlookup.com/Closings-92127-Rancho_Bernardo

[Sandiagon]

lifeisgood,
Compare your purchase price with “Recent closing” homes on SDLookup.com
http://www.sdlookup.com/Closings-92127-Rancho_Bernardo

[Sandiagon]

lifeisgood,
Compare your purchase price with “Recent closing” homes on SDLookup.com
http://www.sdlookup.com/Closings-92127-Rancho_Bernardo

[evolusd]

[quote=temeculaguy]Need a little more info. What did you pay? What did people pay two years ago?

Hate to say it but for the umpteenth time, escrow is not the time to ask advice, it’s almost too late. Most of the opinions will be that you caught a falling knife and that will only make you nervous.

More importantly, did you make a downpayment and take out a fixed rate loan that you can easily afford on just your income when your babymaking begins and your wife stops working. If that part is o.k., no sense in crying over spilled money, just enjoy it.[/quote]

Temeculaguy hit the nail on the head. I’ve seen too many of my friends (late 20’s) get starry eyed and buy a $500k home with their combined $125k income, then freak out when they realize that raising kids requires either a) one of them staying home or b) forking out $1,000-1,500/mo for full time day care (neither of which did they calculate in their debt/income ratio).

Thankfully, I’m starting to see a trend away from keeping up with the Jones’s. Good riddance.

[evolusd]

[quote=temeculaguy]Need a little more info. What did you pay? What did people pay two years ago?

Hate to say it but for the umpteenth time, escrow is not the time to ask advice, it’s almost too late. Most of the opinions will be that you caught a falling knife and that will only make you nervous.

More importantly, did you make a downpayment and take out a fixed rate loan that you can easily afford on just your income when your babymaking begins and your wife stops working. If that part is o.k., no sense in crying over spilled money, just enjoy it.[/quote]

Temeculaguy hit the nail on the head. I’ve seen too many of my friends (late 20’s) get starry eyed and buy a $500k home with their combined $125k income, then freak out when they realize that raising kids requires either a) one of them staying home or b) forking out $1,000-1,500/mo for full time day care (neither of which did they calculate in their debt/income ratio).

Thankfully, I’m starting to see a trend away from keeping up with the Jones’s. Good riddance.

[evolusd]

[quote=temeculaguy]Need a little more info. What did you pay? What did people pay two years ago?

Hate to say it but for the umpteenth time, escrow is not the time to ask advice, it’s almost too late. Most of the opinions will be that you caught a falling knife and that will only make you nervous.

More importantly, did you make a downpayment and take out a fixed rate loan that you can easily afford on just your income when your babymaking begins and your wife stops working. If that part is o.k., no sense in crying over spilled money, just enjoy it.[/quote]

Temeculaguy hit the nail on the head. I’ve seen too many of my friends (late 20’s) get starry eyed and buy a $500k home with their combined $125k income, then freak out when they realize that raising kids requires either a) one of them staying home or b) forking out $1,000-1,500/mo for full time day care (neither of which did they calculate in their debt/income ratio).

Thankfully, I’m starting to see a trend away from keeping up with the Jones’s. Good riddance.

[evolusd]

[quote=temeculaguy]Need a little more info. What did you pay? What did people pay two years ago?

Hate to say it but for the umpteenth time, escrow is not the time to ask advice, it’s almost too late. Most of the opinions will be that you caught a falling knife and that will only make you nervous.

More importantly, did you make a downpayment and take out a fixed rate loan that you can easily afford on just your income when your babymaking begins and your wife stops working. If that part is o.k., no sense in crying over spilled money, just enjoy it.[/quote]

Temeculaguy hit the nail on the head. I’ve seen too many of my friends (late 20’s) get starry eyed and buy a $500k home with their combined $125k income, then freak out when they realize that raising kids requires either a) one of them staying home or b) forking out $1,000-1,500/mo for full time day care (neither of which did they calculate in their debt/income ratio).

Thankfully, I’m starting to see a trend away from keeping up with the Jones’s. Good riddance.

[evolusd]

[quote=temeculaguy]Need a little more info. What did you pay? What did people pay two years ago?

Hate to say it but for the umpteenth time, escrow is not the time to ask advice, it’s almost too late. Most of the opinions will be that you caught a falling knife and that will only make you nervous.

More importantly, did you make a downpayment and take out a fixed rate loan that you can easily afford on just your income when your babymaking begins and your wife stops working. If that part is o.k., no sense in crying over spilled money, just enjoy it.[/quote]

Temeculaguy hit the nail on the head. I’ve seen too many of my friends (late 20’s) get starry eyed and buy a $500k home with their combined $125k income, then freak out when they realize that raising kids requires either a) one of them staying home or b) forking out $1,000-1,500/mo for full time day care (neither of which did they calculate in their debt/income ratio).

Thankfully, I’m starting to see a trend away from keeping up with the Jones’s. Good riddance.

[DA]

[quote=sdnerd]I was there last weekend; I laughed at the updated sale price sheet. Still way over priced for what you get IMHO.

Now if you bought a REO there, then you might be in better shape.

Details; need them.[/quote]

Would you mind sharing the current price list and availability at Chanteclair? Are these builders willing to take counter offers on the list price? Last time I checked, they were down right arrogant about their prices and did not want to entertain any counter offers at all, especially Silhouette – John Laing Homes

[DA]

[quote=sdnerd]I was there last weekend; I laughed at the updated sale price sheet. Still way over priced for what you get IMHO.

Now if you bought a REO there, then you might be in better shape.

Details; need them.[/quote]

Would you mind sharing the current price list and availability at Chanteclair? Are these builders willing to take counter offers on the list price? Last time I checked, they were down right arrogant about their prices and did not want to entertain any counter offers at all, especially Silhouette – John Laing Homes

[DA]

[quote=sdnerd]I was there last weekend; I laughed at the updated sale price sheet. Still way over priced for what you get IMHO.

Now if you bought a REO there, then you might be in better shape.

Details; need them.[/quote]

Would you mind sharing the current price list and availability at Chanteclair? Are these builders willing to take counter offers on the list price? Last time I checked, they were down right arrogant about their prices and did not want to entertain any counter offers at all, especially Silhouette – John Laing Homes

[DA]

[quote=sdnerd]I was there last weekend; I laughed at the updated sale price sheet. Still way over priced for what you get IMHO.

Now if you bought a REO there, then you might be in better shape.

Details; need them.[/quote]

Would you mind sharing the current price list and availability at Chanteclair? Are these builders willing to take counter offers on the list price? Last time I checked, they were down right arrogant about their prices and did not want to entertain any counter offers at all, especially Silhouette – John Laing Homes

[Author]

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