[23109VC]

what do they pay in rent.

they ought to tell them to Fuck off, hire a lawyer, and stay for free as long as they can. they might do better than 12k….

imagine how long you could tie this up in court…. OMFG…..

5k is a joke. i’d call them back and laugh. how about 20k….

[23109VC]

what do they pay in rent.

they ought to tell them to Fuck off, hire a lawyer, and stay for free as long as they can. they might do better than 12k….

imagine how long you could tie this up in court…. OMFG…..

5k is a joke. i’d call them back and laugh. how about 20k….

[23109VC]

what do they pay in rent.

they ought to tell them to Fuck off, hire a lawyer, and stay for free as long as they can. they might do better than 12k….

imagine how long you could tie this up in court…. OMFG…..

5k is a joke. i’d call them back and laugh. how about 20k….

[23109VC]

what do they pay in rent.

they ought to tell them to Fuck off, hire a lawyer, and stay for free as long as they can. they might do better than 12k….

imagine how long you could tie this up in court…. OMFG…..

5k is a joke. i’d call them back and laugh. how about 20k….

[23109VC]

These kinds of comments are uncalled for…. I expect more from the people here..

Anyway… some of you may have misunderstood my posts, or perhaps I failed to articulate my situation properly.

I am not in some sort of a frantic state and trying to unload my home. I like my house. I would have no problem living in it for the next 10 years… maybe I will. I don’t know.

I did consult a lot of people here for advice, and a fair amount of you said to NOT buy. I sought advice from other places too. I got a variety of opinions. Many of the educated, well informed, and trusted people I talked to felt the deal I was offered was too good to pass up. Many of you here at Piggington told me to forget about it. Everyone has an opinion. My wife and I did a LOT of thinking about the ups and downs and we ultimately chose to buy. We knew we might wind up upside down.

Candidly, we thought that if we wound up upside down that it would not be by that much. We felt that getting the house at 350k was a good deal, and that at worst, our house would fall to the very high 200s or low 300s. We never seriously thought it would fall to the low 200s. Now wtih the way things are looking, it seems that it may in fact fall that low.

So at the time, we made the best decision we could given the information we had at the time. Now things seem to be changing into a scenario we seriously did not consider a reality.

If our house falls down to 275k…and I owe 350k… I’m not gonna run out and try to dump it. The hassle, etc of it all simply would not be worth it.

BUT if my house is suddenly worth $150, and I owe $350… and I’m facing a $200,000 negative.. then maybe the SMART thing to do would be to get out of it, walk away, or in some other fashion get rid of the house.

I’m not looknig to do anything crooked, illegal, or underhanded. I’m simply trying to make an educated decision. In hindsight, I should not have bougth when I did.

BUt, if houses get so cheap, that you could buy a house identical to mine – with the nice location, nice yard, nice upgrades, etc.. for $200k less than I owe on mine, then maybe the “experts” would say to walk away.

I’m not motivated by greed, or a desire to just get something for nothing..just to make a good decision given the current situation. as times change, so will what is the best thing to do.

we all make decisions in life. when I graduated from school and took my first job, I had several offers, some in different parts of the state – i made the best decision I could at the time. maybe I should have chosen a different job back then, maybe not. no one can say for sure. i can’t go back and change my decisiont o buy the house. but I do feel that when I made the decision, we felt it was the right thing to do. so I don’t regret what I did, in light of the info I had at the time.

HIndsight is 20/20. and while many of you here will say that I neglected to listen – I did listen. but I didn’t just listen to you all here. keep in mind, this is some real estate blog…with names…I have no idea who you all are. some of you are probably well informed and affluent and know your stuff. some peole here could be pulling info out of thin air and just running their mouths. I also took advice from professionals, brokers, realtors, friends, people who are in positions to make an educated decision. so I took the info here, and put it in teh pot with everything else. but never did I just say “i’m going to do whatever the random people n Piggington say to do”… maybe in hindsight I should have… but at the time, given my situation, given the info I had, I stillt hink I made the right decision…you have to look at decisions in the time/context which they are made.

it’s like Iraq. back when the deicsion to invade was made, a lot of people supported it. now in 2008, a lot of those people who said they supported it, would go back in time and say NO WAY. but back then – the info available was different. decisions are only as good as the info upon which they are based.

not trying to say I made the BEST decision…obviouslyt eh current market conditions show I did nto. but at the time, I think I made an informed one. given ALL the info I had.

so…now that I find myself in a declining market…I have to project what I will do. will I ride it out? maybe. it all depends on where the market goes. if it goes down a bit more, then I would probaby be well advised to sit tight and enjoy my nice clean house and not fret about prices etc.

but if prices fall to the bottom of the earth, and my house is 200k upside down, then maybe the smartest thing to do would be to get rid of it. i don’t know.

life is full of ups and downs. i never let the downs get me too down, because there will always be ups to counter them. and in the end, the most important thing is my family, my kids, and our health. All that is good. I know people who are doing far better than I am financially and I have seen them lose their health or their family due to not focusing on what is really important. so while I may post here, and ask questions, I don’t lie awake at ngiht worrying about the market and my houses value.

I am just a guy trying to do the best for his family. I make deicions based on the info I have, and sometime I make good ones and sometimes I make bad ones.

I married a wonderful woman – one of the best decisions I ever made was to marry her. I’d much rather have nailed that decision and mess up the house decision than the reverse. 🙂

as to crime – Temecula is no worse than anywhere else if you consider the socioeconomic levels of the population. You won’t get the volume of 187s in Scripps Ranch compared to Temecula or Murrieta, but that’s partially b/c Scripps has much much LESS n terms of low end housing – whereas Tem/Murr have more variation. Tem/Mur have a lot of nice areas where you find small amounts of crime/crappy people, but also numerous apartments/condos/lower end housing that attracts these types.

If you can afford to live in Scripps Ranch, I’d pick that over Temecula. If you can’t afford Scripps, but could afford a nice part of Temeulca, and had to choose between that or a run down part of Mira Mesa…I’d take Temecula.

But the bottom line is you will find crime everywhere that there are people.

[23109VC]

These kinds of comments are uncalled for…. I expect more from the people here..

Anyway… some of you may have misunderstood my posts, or perhaps I failed to articulate my situation properly.

I am not in some sort of a frantic state and trying to unload my home. I like my house. I would have no problem living in it for the next 10 years… maybe I will. I don’t know.

I did consult a lot of people here for advice, and a fair amount of you said to NOT buy. I sought advice from other places too. I got a variety of opinions. Many of the educated, well informed, and trusted people I talked to felt the deal I was offered was too good to pass up. Many of you here at Piggington told me to forget about it. Everyone has an opinion. My wife and I did a LOT of thinking about the ups and downs and we ultimately chose to buy. We knew we might wind up upside down.

Candidly, we thought that if we wound up upside down that it would not be by that much. We felt that getting the house at 350k was a good deal, and that at worst, our house would fall to the very high 200s or low 300s. We never seriously thought it would fall to the low 200s. Now wtih the way things are looking, it seems that it may in fact fall that low.

So at the time, we made the best decision we could given the information we had at the time. Now things seem to be changing into a scenario we seriously did not consider a reality.

If our house falls down to 275k…and I owe 350k… I’m not gonna run out and try to dump it. The hassle, etc of it all simply would not be worth it.

BUT if my house is suddenly worth $150, and I owe $350… and I’m facing a $200,000 negative.. then maybe the SMART thing to do would be to get out of it, walk away, or in some other fashion get rid of the house.

I’m not looknig to do anything crooked, illegal, or underhanded. I’m simply trying to make an educated decision. In hindsight, I should not have bougth when I did.

BUt, if houses get so cheap, that you could buy a house identical to mine – with the nice location, nice yard, nice upgrades, etc.. for $200k less than I owe on mine, then maybe the “experts” would say to walk away.

I’m not motivated by greed, or a desire to just get something for nothing..just to make a good decision given the current situation. as times change, so will what is the best thing to do.

we all make decisions in life. when I graduated from school and took my first job, I had several offers, some in different parts of the state – i made the best decision I could at the time. maybe I should have chosen a different job back then, maybe not. no one can say for sure. i can’t go back and change my decisiont o buy the house. but I do feel that when I made the decision, we felt it was the right thing to do. so I don’t regret what I did, in light of the info I had at the time.

HIndsight is 20/20. and while many of you here will say that I neglected to listen – I did listen. but I didn’t just listen to you all here. keep in mind, this is some real estate blog…with names…I have no idea who you all are. some of you are probably well informed and affluent and know your stuff. some peole here could be pulling info out of thin air and just running their mouths. I also took advice from professionals, brokers, realtors, friends, people who are in positions to make an educated decision. so I took the info here, and put it in teh pot with everything else. but never did I just say “i’m going to do whatever the random people n Piggington say to do”… maybe in hindsight I should have… but at the time, given my situation, given the info I had, I stillt hink I made the right decision…you have to look at decisions in the time/context which they are made.

it’s like Iraq. back when the deicsion to invade was made, a lot of people supported it. now in 2008, a lot of those people who said they supported it, would go back in time and say NO WAY. but back then – the info available was different. decisions are only as good as the info upon which they are based.

not trying to say I made the BEST decision…obviouslyt eh current market conditions show I did nto. but at the time, I think I made an informed one. given ALL the info I had.

so…now that I find myself in a declining market…I have to project what I will do. will I ride it out? maybe. it all depends on where the market goes. if it goes down a bit more, then I would probaby be well advised to sit tight and enjoy my nice clean house and not fret about prices etc.

but if prices fall to the bottom of the earth, and my house is 200k upside down, then maybe the smartest thing to do would be to get rid of it. i don’t know.

life is full of ups and downs. i never let the downs get me too down, because there will always be ups to counter them. and in the end, the most important thing is my family, my kids, and our health. All that is good. I know people who are doing far better than I am financially and I have seen them lose their health or their family due to not focusing on what is really important. so while I may post here, and ask questions, I don’t lie awake at ngiht worrying about the market and my houses value.

I am just a guy trying to do the best for his family. I make deicions based on the info I have, and sometime I make good ones and sometimes I make bad ones.

I married a wonderful woman – one of the best decisions I ever made was to marry her. I’d much rather have nailed that decision and mess up the house decision than the reverse. 🙂

as to crime – Temecula is no worse than anywhere else if you consider the socioeconomic levels of the population. You won’t get the volume of 187s in Scripps Ranch compared to Temecula or Murrieta, but that’s partially b/c Scripps has much much LESS n terms of low end housing – whereas Tem/Murr have more variation. Tem/Mur have a lot of nice areas where you find small amounts of crime/crappy people, but also numerous apartments/condos/lower end housing that attracts these types.

If you can afford to live in Scripps Ranch, I’d pick that over Temecula. If you can’t afford Scripps, but could afford a nice part of Temeulca, and had to choose between that or a run down part of Mira Mesa…I’d take Temecula.

But the bottom line is you will find crime everywhere that there are people.

[23109VC]

These kinds of comments are uncalled for…. I expect more from the people here..

Anyway… some of you may have misunderstood my posts, or perhaps I failed to articulate my situation properly.

I am not in some sort of a frantic state and trying to unload my home. I like my house. I would have no problem living in it for the next 10 years… maybe I will. I don’t know.

I did consult a lot of people here for advice, and a fair amount of you said to NOT buy. I sought advice from other places too. I got a variety of opinions. Many of the educated, well informed, and trusted people I talked to felt the deal I was offered was too good to pass up. Many of you here at Piggington told me to forget about it. Everyone has an opinion. My wife and I did a LOT of thinking about the ups and downs and we ultimately chose to buy. We knew we might wind up upside down.

Candidly, we thought that if we wound up upside down that it would not be by that much. We felt that getting the house at 350k was a good deal, and that at worst, our house would fall to the very high 200s or low 300s. We never seriously thought it would fall to the low 200s. Now wtih the way things are looking, it seems that it may in fact fall that low.

So at the time, we made the best decision we could given the information we had at the time. Now things seem to be changing into a scenario we seriously did not consider a reality.

If our house falls down to 275k…and I owe 350k… I’m not gonna run out and try to dump it. The hassle, etc of it all simply would not be worth it.

BUT if my house is suddenly worth $150, and I owe $350… and I’m facing a $200,000 negative.. then maybe the SMART thing to do would be to get out of it, walk away, or in some other fashion get rid of the house.

I’m not looknig to do anything crooked, illegal, or underhanded. I’m simply trying to make an educated decision. In hindsight, I should not have bougth when I did.

BUt, if houses get so cheap, that you could buy a house identical to mine – with the nice location, nice yard, nice upgrades, etc.. for $200k less than I owe on mine, then maybe the “experts” would say to walk away.

I’m not motivated by greed, or a desire to just get something for nothing..just to make a good decision given the current situation. as times change, so will what is the best thing to do.

we all make decisions in life. when I graduated from school and took my first job, I had several offers, some in different parts of the state – i made the best decision I could at the time. maybe I should have chosen a different job back then, maybe not. no one can say for sure. i can’t go back and change my decisiont o buy the house. but I do feel that when I made the decision, we felt it was the right thing to do. so I don’t regret what I did, in light of the info I had at the time.

HIndsight is 20/20. and while many of you here will say that I neglected to listen – I did listen. but I didn’t just listen to you all here. keep in mind, this is some real estate blog…with names…I have no idea who you all are. some of you are probably well informed and affluent and know your stuff. some peole here could be pulling info out of thin air and just running their mouths. I also took advice from professionals, brokers, realtors, friends, people who are in positions to make an educated decision. so I took the info here, and put it in teh pot with everything else. but never did I just say “i’m going to do whatever the random people n Piggington say to do”… maybe in hindsight I should have… but at the time, given my situation, given the info I had, I stillt hink I made the right decision…you have to look at decisions in the time/context which they are made.

it’s like Iraq. back when the deicsion to invade was made, a lot of people supported it. now in 2008, a lot of those people who said they supported it, would go back in time and say NO WAY. but back then – the info available was different. decisions are only as good as the info upon which they are based.

not trying to say I made the BEST decision…obviouslyt eh current market conditions show I did nto. but at the time, I think I made an informed one. given ALL the info I had.

so…now that I find myself in a declining market…I have to project what I will do. will I ride it out? maybe. it all depends on where the market goes. if it goes down a bit more, then I would probaby be well advised to sit tight and enjoy my nice clean house and not fret about prices etc.

but if prices fall to the bottom of the earth, and my house is 200k upside down, then maybe the smartest thing to do would be to get rid of it. i don’t know.

life is full of ups and downs. i never let the downs get me too down, because there will always be ups to counter them. and in the end, the most important thing is my family, my kids, and our health. All that is good. I know people who are doing far better than I am financially and I have seen them lose their health or their family due to not focusing on what is really important. so while I may post here, and ask questions, I don’t lie awake at ngiht worrying about the market and my houses value.

I am just a guy trying to do the best for his family. I make deicions based on the info I have, and sometime I make good ones and sometimes I make bad ones.

I married a wonderful woman – one of the best decisions I ever made was to marry her. I’d much rather have nailed that decision and mess up the house decision than the reverse. 🙂

as to crime – Temecula is no worse than anywhere else if you consider the socioeconomic levels of the population. You won’t get the volume of 187s in Scripps Ranch compared to Temecula or Murrieta, but that’s partially b/c Scripps has much much LESS n terms of low end housing – whereas Tem/Murr have more variation. Tem/Mur have a lot of nice areas where you find small amounts of crime/crappy people, but also numerous apartments/condos/lower end housing that attracts these types.

If you can afford to live in Scripps Ranch, I’d pick that over Temecula. If you can’t afford Scripps, but could afford a nice part of Temeulca, and had to choose between that or a run down part of Mira Mesa…I’d take Temecula.

But the bottom line is you will find crime everywhere that there are people.

[23109VC]

These kinds of comments are uncalled for…. I expect more from the people here..

Anyway… some of you may have misunderstood my posts, or perhaps I failed to articulate my situation properly.

I am not in some sort of a frantic state and trying to unload my home. I like my house. I would have no problem living in it for the next 10 years… maybe I will. I don’t know.

I did consult a lot of people here for advice, and a fair amount of you said to NOT buy. I sought advice from other places too. I got a variety of opinions. Many of the educated, well informed, and trusted people I talked to felt the deal I was offered was too good to pass up. Many of you here at Piggington told me to forget about it. Everyone has an opinion. My wife and I did a LOT of thinking about the ups and downs and we ultimately chose to buy. We knew we might wind up upside down.

Candidly, we thought that if we wound up upside down that it would not be by that much. We felt that getting the house at 350k was a good deal, and that at worst, our house would fall to the very high 200s or low 300s. We never seriously thought it would fall to the low 200s. Now wtih the way things are looking, it seems that it may in fact fall that low.

So at the time, we made the best decision we could given the information we had at the time. Now things seem to be changing into a scenario we seriously did not consider a reality.

If our house falls down to 275k…and I owe 350k… I’m not gonna run out and try to dump it. The hassle, etc of it all simply would not be worth it.

BUT if my house is suddenly worth $150, and I owe $350… and I’m facing a $200,000 negative.. then maybe the SMART thing to do would be to get out of it, walk away, or in some other fashion get rid of the house.

I’m not looknig to do anything crooked, illegal, or underhanded. I’m simply trying to make an educated decision. In hindsight, I should not have bougth when I did.

BUt, if houses get so cheap, that you could buy a house identical to mine – with the nice location, nice yard, nice upgrades, etc.. for $200k less than I owe on mine, then maybe the “experts” would say to walk away.

I’m not motivated by greed, or a desire to just get something for nothing..just to make a good decision given the current situation. as times change, so will what is the best thing to do.

we all make decisions in life. when I graduated from school and took my first job, I had several offers, some in different parts of the state – i made the best decision I could at the time. maybe I should have chosen a different job back then, maybe not. no one can say for sure. i can’t go back and change my decisiont o buy the house. but I do feel that when I made the decision, we felt it was the right thing to do. so I don’t regret what I did, in light of the info I had at the time.

HIndsight is 20/20. and while many of you here will say that I neglected to listen – I did listen. but I didn’t just listen to you all here. keep in mind, this is some real estate blog…with names…I have no idea who you all are. some of you are probably well informed and affluent and know your stuff. some peole here could be pulling info out of thin air and just running their mouths. I also took advice from professionals, brokers, realtors, friends, people who are in positions to make an educated decision. so I took the info here, and put it in teh pot with everything else. but never did I just say “i’m going to do whatever the random people n Piggington say to do”… maybe in hindsight I should have… but at the time, given my situation, given the info I had, I stillt hink I made the right decision…you have to look at decisions in the time/context which they are made.

it’s like Iraq. back when the deicsion to invade was made, a lot of people supported it. now in 2008, a lot of those people who said they supported it, would go back in time and say NO WAY. but back then – the info available was different. decisions are only as good as the info upon which they are based.

not trying to say I made the BEST decision…obviouslyt eh current market conditions show I did nto. but at the time, I think I made an informed one. given ALL the info I had.

so…now that I find myself in a declining market…I have to project what I will do. will I ride it out? maybe. it all depends on where the market goes. if it goes down a bit more, then I would probaby be well advised to sit tight and enjoy my nice clean house and not fret about prices etc.

but if prices fall to the bottom of the earth, and my house is 200k upside down, then maybe the smartest thing to do would be to get rid of it. i don’t know.

life is full of ups and downs. i never let the downs get me too down, because there will always be ups to counter them. and in the end, the most important thing is my family, my kids, and our health. All that is good. I know people who are doing far better than I am financially and I have seen them lose their health or their family due to not focusing on what is really important. so while I may post here, and ask questions, I don’t lie awake at ngiht worrying about the market and my houses value.

I am just a guy trying to do the best for his family. I make deicions based on the info I have, and sometime I make good ones and sometimes I make bad ones.

I married a wonderful woman – one of the best decisions I ever made was to marry her. I’d much rather have nailed that decision and mess up the house decision than the reverse. 🙂

as to crime – Temecula is no worse than anywhere else if you consider the socioeconomic levels of the population. You won’t get the volume of 187s in Scripps Ranch compared to Temecula or Murrieta, but that’s partially b/c Scripps has much much LESS n terms of low end housing – whereas Tem/Murr have more variation. Tem/Mur have a lot of nice areas where you find small amounts of crime/crappy people, but also numerous apartments/condos/lower end housing that attracts these types.

If you can afford to live in Scripps Ranch, I’d pick that over Temecula. If you can’t afford Scripps, but could afford a nice part of Temeulca, and had to choose between that or a run down part of Mira Mesa…I’d take Temecula.

But the bottom line is you will find crime everywhere that there are people.

[23109VC]

These kinds of comments are uncalled for…. I expect more from the people here..

Anyway… some of you may have misunderstood my posts, or perhaps I failed to articulate my situation properly.

I am not in some sort of a frantic state and trying to unload my home. I like my house. I would have no problem living in it for the next 10 years… maybe I will. I don’t know.

I did consult a lot of people here for advice, and a fair amount of you said to NOT buy. I sought advice from other places too. I got a variety of opinions. Many of the educated, well informed, and trusted people I talked to felt the deal I was offered was too good to pass up. Many of you here at Piggington told me to forget about it. Everyone has an opinion. My wife and I did a LOT of thinking about the ups and downs and we ultimately chose to buy. We knew we might wind up upside down.

Candidly, we thought that if we wound up upside down that it would not be by that much. We felt that getting the house at 350k was a good deal, and that at worst, our house would fall to the very high 200s or low 300s. We never seriously thought it would fall to the low 200s. Now wtih the way things are looking, it seems that it may in fact fall that low.

So at the time, we made the best decision we could given the information we had at the time. Now things seem to be changing into a scenario we seriously did not consider a reality.

If our house falls down to 275k…and I owe 350k… I’m not gonna run out and try to dump it. The hassle, etc of it all simply would not be worth it.

BUT if my house is suddenly worth $150, and I owe $350… and I’m facing a $200,000 negative.. then maybe the SMART thing to do would be to get out of it, walk away, or in some other fashion get rid of the house.

I’m not looknig to do anything crooked, illegal, or underhanded. I’m simply trying to make an educated decision. In hindsight, I should not have bougth when I did.

BUt, if houses get so cheap, that you could buy a house identical to mine – with the nice location, nice yard, nice upgrades, etc.. for $200k less than I owe on mine, then maybe the “experts” would say to walk away.

I’m not motivated by greed, or a desire to just get something for nothing..just to make a good decision given the current situation. as times change, so will what is the best thing to do.

we all make decisions in life. when I graduated from school and took my first job, I had several offers, some in different parts of the state – i made the best decision I could at the time. maybe I should have chosen a different job back then, maybe not. no one can say for sure. i can’t go back and change my decisiont o buy the house. but I do feel that when I made the decision, we felt it was the right thing to do. so I don’t regret what I did, in light of the info I had at the time.

HIndsight is 20/20. and while many of you here will say that I neglected to listen – I did listen. but I didn’t just listen to you all here. keep in mind, this is some real estate blog…with names…I have no idea who you all are. some of you are probably well informed and affluent and know your stuff. some peole here could be pulling info out of thin air and just running their mouths. I also took advice from professionals, brokers, realtors, friends, people who are in positions to make an educated decision. so I took the info here, and put it in teh pot with everything else. but never did I just say “i’m going to do whatever the random people n Piggington say to do”… maybe in hindsight I should have… but at the time, given my situation, given the info I had, I stillt hink I made the right decision…you have to look at decisions in the time/context which they are made.

it’s like Iraq. back when the deicsion to invade was made, a lot of people supported it. now in 2008, a lot of those people who said they supported it, would go back in time and say NO WAY. but back then – the info available was different. decisions are only as good as the info upon which they are based.

not trying to say I made the BEST decision…obviouslyt eh current market conditions show I did nto. but at the time, I think I made an informed one. given ALL the info I had.

so…now that I find myself in a declining market…I have to project what I will do. will I ride it out? maybe. it all depends on where the market goes. if it goes down a bit more, then I would probaby be well advised to sit tight and enjoy my nice clean house and not fret about prices etc.

but if prices fall to the bottom of the earth, and my house is 200k upside down, then maybe the smartest thing to do would be to get rid of it. i don’t know.

life is full of ups and downs. i never let the downs get me too down, because there will always be ups to counter them. and in the end, the most important thing is my family, my kids, and our health. All that is good. I know people who are doing far better than I am financially and I have seen them lose their health or their family due to not focusing on what is really important. so while I may post here, and ask questions, I don’t lie awake at ngiht worrying about the market and my houses value.

I am just a guy trying to do the best for his family. I make deicions based on the info I have, and sometime I make good ones and sometimes I make bad ones.

I married a wonderful woman – one of the best decisions I ever made was to marry her. I’d much rather have nailed that decision and mess up the house decision than the reverse. 🙂

as to crime – Temecula is no worse than anywhere else if you consider the socioeconomic levels of the population. You won’t get the volume of 187s in Scripps Ranch compared to Temecula or Murrieta, but that’s partially b/c Scripps has much much LESS n terms of low end housing – whereas Tem/Murr have more variation. Tem/Mur have a lot of nice areas where you find small amounts of crime/crappy people, but also numerous apartments/condos/lower end housing that attracts these types.

If you can afford to live in Scripps Ranch, I’d pick that over Temecula. If you can’t afford Scripps, but could afford a nice part of Temeulca, and had to choose between that or a run down part of Mira Mesa…I’d take Temecula.

But the bottom line is you will find crime everywhere that there are people.

[23109VC]

yeah I solicited advice here before I bought. We bought knowing it could go down, and we CAN be in it for the longhaul, but honestly, we dind’t think it would go donw this low. we figured it would come down to about what we paid for it. so we anticipated a decline, but we underestimated it’s severity. 🙂

I’ll have to lookup the MLS listing from home. My wife found it, not me. But I saw it. I couldn’t believe it.

My situation WAS no downpayment, but high income. I earn close to 150k/year but I did not have anythign saved. i have a stay at home wife, and a large student loan. i would NOT have a substantial down payment in 6-12 months.

I am considering this though. I have parents who are about to retire. They have a sizable amount of cash/savings as well as their own house in a high $$ part of San Diego that they may sell. they are considering selling, renting a while, or buying once stuff bottoms out, but buying in a cheaper area like temecula, murrieta. they are about to “retire” and want to downsize their lifestyle/expenses.

I had considered getting THEM to buy one of thse mcmansion homes if/when they bottom out…say one of thse houses that used to be 600k sells for 200k or something unspeakably cheap. they buy it for cash – which they could easily do. then they “sell” it to me by acting as the lender, and I write up a note and make my house payments to them. they get some stable monlthly investment income return on their money, I get a bigger house with a lower payment, then I “try to rent out my odl house but it won’t rent so i have to walk away”….

i wind up in a house owned by my parents, not the bank, and just make payment to them. i’d still get a tax writeoff b/c it’s interest… and they would get monthly income to use in retirement.

seems like a win win. it just depends on how low it goes.

i like my house. don’t get me wrong. i really like it. it has everythign I need. I epoxied my garage floors, I installed nice storage systems in the garage, it has very nicelandscaping, a fairly private lot that is great for sipping wine or smoking cigars, I can walk to the pool… it has a nice cutou niche for my 58″ plasma tv… Call of Duty 4 for the PS3 looks awesome on a 58” tv BTW)… it has granite, nice tile, fans…blah blah blah. it’s your typical cookie cutter lennar house wtih a lt of goodies. I like it. i come home, and I am happy to be there. so it’s not like i hate my house, hate my stuff, and feel miserable every time I come home.

but i’m not so emotionally attached to my house that I would stay in it NO MATTER WHAT.

if I sat down with some financial guru, and lets assume that stuff goes WAY down even more, and that my house is like $200k negative…and I could literally by the house nextore for half… and I *could* find a way to GET INTO that house…and cut my monthly housing costs SUBSTANTIALLY… then that money I save can go to put more away for later, or for kids college, or a Porsche…or whatever… but it that financial guru told me DUMP YOUR HOUSE OR YOUR STUPID… then i’d dump it and walk.

that’s where I stand. i like my house. i like my neighborhood. but when I see prices go down so much, it makes me wonder if I could save a TON of money by moving. At the time I bought, I didn’t feel that renting was a cheaper alternative…it might have bee a bit cheaper, but not a ton.

buying a house at 280k…. for 3200 sq ft.. makes me start to think that buying that sucker might be cheaper than renting it. and when it gets that walking away from my house and eithe renting or buying another one will start to save me not a couple hundred.. .but a THOUSAND or MORE per month, it’s gonna be pretty hard to convince myself to stay

[23109VC]

yeah I solicited advice here before I bought. We bought knowing it could go down, and we CAN be in it for the longhaul, but honestly, we dind’t think it would go donw this low. we figured it would come down to about what we paid for it. so we anticipated a decline, but we underestimated it’s severity. 🙂

I’ll have to lookup the MLS listing from home. My wife found it, not me. But I saw it. I couldn’t believe it.

My situation WAS no downpayment, but high income. I earn close to 150k/year but I did not have anythign saved. i have a stay at home wife, and a large student loan. i would NOT have a substantial down payment in 6-12 months.

I am considering this though. I have parents who are about to retire. They have a sizable amount of cash/savings as well as their own house in a high $$ part of San Diego that they may sell. they are considering selling, renting a while, or buying once stuff bottoms out, but buying in a cheaper area like temecula, murrieta. they are about to “retire” and want to downsize their lifestyle/expenses.

I had considered getting THEM to buy one of thse mcmansion homes if/when they bottom out…say one of thse houses that used to be 600k sells for 200k or something unspeakably cheap. they buy it for cash – which they could easily do. then they “sell” it to me by acting as the lender, and I write up a note and make my house payments to them. they get some stable monlthly investment income return on their money, I get a bigger house with a lower payment, then I “try to rent out my odl house but it won’t rent so i have to walk away”….

i wind up in a house owned by my parents, not the bank, and just make payment to them. i’d still get a tax writeoff b/c it’s interest… and they would get monthly income to use in retirement.

seems like a win win. it just depends on how low it goes.

i like my house. don’t get me wrong. i really like it. it has everythign I need. I epoxied my garage floors, I installed nice storage systems in the garage, it has very nicelandscaping, a fairly private lot that is great for sipping wine or smoking cigars, I can walk to the pool… it has a nice cutou niche for my 58″ plasma tv… Call of Duty 4 for the PS3 looks awesome on a 58” tv BTW)… it has granite, nice tile, fans…blah blah blah. it’s your typical cookie cutter lennar house wtih a lt of goodies. I like it. i come home, and I am happy to be there. so it’s not like i hate my house, hate my stuff, and feel miserable every time I come home.

but i’m not so emotionally attached to my house that I would stay in it NO MATTER WHAT.

if I sat down with some financial guru, and lets assume that stuff goes WAY down even more, and that my house is like $200k negative…and I could literally by the house nextore for half… and I *could* find a way to GET INTO that house…and cut my monthly housing costs SUBSTANTIALLY… then that money I save can go to put more away for later, or for kids college, or a Porsche…or whatever… but it that financial guru told me DUMP YOUR HOUSE OR YOUR STUPID… then i’d dump it and walk.

that’s where I stand. i like my house. i like my neighborhood. but when I see prices go down so much, it makes me wonder if I could save a TON of money by moving. At the time I bought, I didn’t feel that renting was a cheaper alternative…it might have bee a bit cheaper, but not a ton.

buying a house at 280k…. for 3200 sq ft.. makes me start to think that buying that sucker might be cheaper than renting it. and when it gets that walking away from my house and eithe renting or buying another one will start to save me not a couple hundred.. .but a THOUSAND or MORE per month, it’s gonna be pretty hard to convince myself to stay

[23109VC]

yeah I solicited advice here before I bought. We bought knowing it could go down, and we CAN be in it for the longhaul, but honestly, we dind’t think it would go donw this low. we figured it would come down to about what we paid for it. so we anticipated a decline, but we underestimated it’s severity. 🙂

I’ll have to lookup the MLS listing from home. My wife found it, not me. But I saw it. I couldn’t believe it.

My situation WAS no downpayment, but high income. I earn close to 150k/year but I did not have anythign saved. i have a stay at home wife, and a large student loan. i would NOT have a substantial down payment in 6-12 months.

I am considering this though. I have parents who are about to retire. They have a sizable amount of cash/savings as well as their own house in a high $$ part of San Diego that they may sell. they are considering selling, renting a while, or buying once stuff bottoms out, but buying in a cheaper area like temecula, murrieta. they are about to “retire” and want to downsize their lifestyle/expenses.

I had considered getting THEM to buy one of thse mcmansion homes if/when they bottom out…say one of thse houses that used to be 600k sells for 200k or something unspeakably cheap. they buy it for cash – which they could easily do. then they “sell” it to me by acting as the lender, and I write up a note and make my house payments to them. they get some stable monlthly investment income return on their money, I get a bigger house with a lower payment, then I “try to rent out my odl house but it won’t rent so i have to walk away”….

i wind up in a house owned by my parents, not the bank, and just make payment to them. i’d still get a tax writeoff b/c it’s interest… and they would get monthly income to use in retirement.

seems like a win win. it just depends on how low it goes.

i like my house. don’t get me wrong. i really like it. it has everythign I need. I epoxied my garage floors, I installed nice storage systems in the garage, it has very nicelandscaping, a fairly private lot that is great for sipping wine or smoking cigars, I can walk to the pool… it has a nice cutou niche for my 58″ plasma tv… Call of Duty 4 for the PS3 looks awesome on a 58” tv BTW)… it has granite, nice tile, fans…blah blah blah. it’s your typical cookie cutter lennar house wtih a lt of goodies. I like it. i come home, and I am happy to be there. so it’s not like i hate my house, hate my stuff, and feel miserable every time I come home.

but i’m not so emotionally attached to my house that I would stay in it NO MATTER WHAT.

if I sat down with some financial guru, and lets assume that stuff goes WAY down even more, and that my house is like $200k negative…and I could literally by the house nextore for half… and I *could* find a way to GET INTO that house…and cut my monthly housing costs SUBSTANTIALLY… then that money I save can go to put more away for later, or for kids college, or a Porsche…or whatever… but it that financial guru told me DUMP YOUR HOUSE OR YOUR STUPID… then i’d dump it and walk.

that’s where I stand. i like my house. i like my neighborhood. but when I see prices go down so much, it makes me wonder if I could save a TON of money by moving. At the time I bought, I didn’t feel that renting was a cheaper alternative…it might have bee a bit cheaper, but not a ton.

buying a house at 280k…. for 3200 sq ft.. makes me start to think that buying that sucker might be cheaper than renting it. and when it gets that walking away from my house and eithe renting or buying another one will start to save me not a couple hundred.. .but a THOUSAND or MORE per month, it’s gonna be pretty hard to convince myself to stay

[23109VC]

yeah I solicited advice here before I bought. We bought knowing it could go down, and we CAN be in it for the longhaul, but honestly, we dind’t think it would go donw this low. we figured it would come down to about what we paid for it. so we anticipated a decline, but we underestimated it’s severity. 🙂

I’ll have to lookup the MLS listing from home. My wife found it, not me. But I saw it. I couldn’t believe it.

My situation WAS no downpayment, but high income. I earn close to 150k/year but I did not have anythign saved. i have a stay at home wife, and a large student loan. i would NOT have a substantial down payment in 6-12 months.

I am considering this though. I have parents who are about to retire. They have a sizable amount of cash/savings as well as their own house in a high $$ part of San Diego that they may sell. they are considering selling, renting a while, or buying once stuff bottoms out, but buying in a cheaper area like temecula, murrieta. they are about to “retire” and want to downsize their lifestyle/expenses.

I had considered getting THEM to buy one of thse mcmansion homes if/when they bottom out…say one of thse houses that used to be 600k sells for 200k or something unspeakably cheap. they buy it for cash – which they could easily do. then they “sell” it to me by acting as the lender, and I write up a note and make my house payments to them. they get some stable monlthly investment income return on their money, I get a bigger house with a lower payment, then I “try to rent out my odl house but it won’t rent so i have to walk away”….

i wind up in a house owned by my parents, not the bank, and just make payment to them. i’d still get a tax writeoff b/c it’s interest… and they would get monthly income to use in retirement.

seems like a win win. it just depends on how low it goes.

i like my house. don’t get me wrong. i really like it. it has everythign I need. I epoxied my garage floors, I installed nice storage systems in the garage, it has very nicelandscaping, a fairly private lot that is great for sipping wine or smoking cigars, I can walk to the pool… it has a nice cutou niche for my 58″ plasma tv… Call of Duty 4 for the PS3 looks awesome on a 58” tv BTW)… it has granite, nice tile, fans…blah blah blah. it’s your typical cookie cutter lennar house wtih a lt of goodies. I like it. i come home, and I am happy to be there. so it’s not like i hate my house, hate my stuff, and feel miserable every time I come home.

but i’m not so emotionally attached to my house that I would stay in it NO MATTER WHAT.

if I sat down with some financial guru, and lets assume that stuff goes WAY down even more, and that my house is like $200k negative…and I could literally by the house nextore for half… and I *could* find a way to GET INTO that house…and cut my monthly housing costs SUBSTANTIALLY… then that money I save can go to put more away for later, or for kids college, or a Porsche…or whatever… but it that financial guru told me DUMP YOUR HOUSE OR YOUR STUPID… then i’d dump it and walk.

that’s where I stand. i like my house. i like my neighborhood. but when I see prices go down so much, it makes me wonder if I could save a TON of money by moving. At the time I bought, I didn’t feel that renting was a cheaper alternative…it might have bee a bit cheaper, but not a ton.

buying a house at 280k…. for 3200 sq ft.. makes me start to think that buying that sucker might be cheaper than renting it. and when it gets that walking away from my house and eithe renting or buying another one will start to save me not a couple hundred.. .but a THOUSAND or MORE per month, it’s gonna be pretty hard to convince myself to stay

[23109VC]

yeah I solicited advice here before I bought. We bought knowing it could go down, and we CAN be in it for the longhaul, but honestly, we dind’t think it would go donw this low. we figured it would come down to about what we paid for it. so we anticipated a decline, but we underestimated it’s severity. 🙂

I’ll have to lookup the MLS listing from home. My wife found it, not me. But I saw it. I couldn’t believe it.

My situation WAS no downpayment, but high income. I earn close to 150k/year but I did not have anythign saved. i have a stay at home wife, and a large student loan. i would NOT have a substantial down payment in 6-12 months.

I am considering this though. I have parents who are about to retire. They have a sizable amount of cash/savings as well as their own house in a high $$ part of San Diego that they may sell. they are considering selling, renting a while, or buying once stuff bottoms out, but buying in a cheaper area like temecula, murrieta. they are about to “retire” and want to downsize their lifestyle/expenses.

I had considered getting THEM to buy one of thse mcmansion homes if/when they bottom out…say one of thse houses that used to be 600k sells for 200k or something unspeakably cheap. they buy it for cash – which they could easily do. then they “sell” it to me by acting as the lender, and I write up a note and make my house payments to them. they get some stable monlthly investment income return on their money, I get a bigger house with a lower payment, then I “try to rent out my odl house but it won’t rent so i have to walk away”….

i wind up in a house owned by my parents, not the bank, and just make payment to them. i’d still get a tax writeoff b/c it’s interest… and they would get monthly income to use in retirement.

seems like a win win. it just depends on how low it goes.

i like my house. don’t get me wrong. i really like it. it has everythign I need. I epoxied my garage floors, I installed nice storage systems in the garage, it has very nicelandscaping, a fairly private lot that is great for sipping wine or smoking cigars, I can walk to the pool… it has a nice cutou niche for my 58″ plasma tv… Call of Duty 4 for the PS3 looks awesome on a 58” tv BTW)… it has granite, nice tile, fans…blah blah blah. it’s your typical cookie cutter lennar house wtih a lt of goodies. I like it. i come home, and I am happy to be there. so it’s not like i hate my house, hate my stuff, and feel miserable every time I come home.

but i’m not so emotionally attached to my house that I would stay in it NO MATTER WHAT.

if I sat down with some financial guru, and lets assume that stuff goes WAY down even more, and that my house is like $200k negative…and I could literally by the house nextore for half… and I *could* find a way to GET INTO that house…and cut my monthly housing costs SUBSTANTIALLY… then that money I save can go to put more away for later, or for kids college, or a Porsche…or whatever… but it that financial guru told me DUMP YOUR HOUSE OR YOUR STUPID… then i’d dump it and walk.

that’s where I stand. i like my house. i like my neighborhood. but when I see prices go down so much, it makes me wonder if I could save a TON of money by moving. At the time I bought, I didn’t feel that renting was a cheaper alternative…it might have bee a bit cheaper, but not a ton.

buying a house at 280k…. for 3200 sq ft.. makes me start to think that buying that sucker might be cheaper than renting it. and when it gets that walking away from my house and eithe renting or buying another one will start to save me not a couple hundred.. .but a THOUSAND or MORE per month, it’s gonna be pretty hard to convince myself to stay

[23109VC]

i forget the street name. it’s the section of Harveston near the large sports park…

if these houses are going down to high 200s… then it will only be a matter of time until they are ALL in this range, or even lower. wow.

almost makes me think about just buying one of these when they hit 250k, and then just WALK from my house. $hit why not!?!

i am starting to see why people who have good jobs, good income, but wind up WAY upside down, and then see a house twice as nice as theirs for $150k LESS than they owe on their house… for sale they buy it and somehow come up with SOME way to get OUT of their existing home, INTO the new one and then hose thelender on the old house.

foreclose on me.. go ahead. if you get into the PERFECT house and the paymetns are even LESS than the old payments… let your credit take the hit, live there for 10 years..

i like my house and have no problem staying there a while. the only thing that would get me thinking to dump it and move to somethig else would be if I could get into a MUCH MUCH nicer house for LESS money. there may come a point where values have dropped so much, and a person can be so upside down that they could replace their house, get MORE house, with MUCH LESS payment, LESS taxes, and some financial advisor would actually ADVISE you to walk from your house and let htem foreclose on it..even with the credit score hit…

who knows. if your house was bought for 350k, and suddenly it’s worth 200k… you are 150 negative. have NO equity, and did 100% financing..so you lose NO DOWN payment..

and you then see a bigger better house that is down the street for $250k that is twice as good as your existing house and you could buy it, save $1000/month.. BUT you’d get foreclosed on the old house.. would you do it?

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