[an]

drunkle: “what would you do or think if the value of the place dropped as low as 125k? or even lower? 190k for a condo in escondido still sounds absurd…”

How don’t know how much a place like this would rent for but @ 190k @ 5.25% 30 year fixed, the mortgage payment would be around $1000/month and @ 125k @ 5.25% 30 year fixed, payment would be around $700/month. That’s one way to do the comparison.

“To get an idea of how low this condo MIGHT go, just look up the price of it, or comparable condos, in 1996-1998. Add 40% for inflation.”

I don’t really agree with this logic because interest rate make a big difference. $125k @ 9.5% yield the same monthly payment as $190k @ 5.5%. It might be more logical to say, take 1996-1998 monthly payment and add 40%. Then you’d remove the interest rate variable.

[an]

drunkle: “what would you do or think if the value of the place dropped as low as 125k? or even lower? 190k for a condo in escondido still sounds absurd…”

How don’t know how much a place like this would rent for but @ 190k @ 5.25% 30 year fixed, the mortgage payment would be around $1000/month and @ 125k @ 5.25% 30 year fixed, payment would be around $700/month. That’s one way to do the comparison.

“To get an idea of how low this condo MIGHT go, just look up the price of it, or comparable condos, in 1996-1998. Add 40% for inflation.”

I don’t really agree with this logic because interest rate make a big difference. $125k @ 9.5% yield the same monthly payment as $190k @ 5.5%. It might be more logical to say, take 1996-1998 monthly payment and add 40%. Then you’d remove the interest rate variable.

[an]

drunkle: “what would you do or think if the value of the place dropped as low as 125k? or even lower? 190k for a condo in escondido still sounds absurd…”

How don’t know how much a place like this would rent for but @ 190k @ 5.25% 30 year fixed, the mortgage payment would be around $1000/month and @ 125k @ 5.25% 30 year fixed, payment would be around $700/month. That’s one way to do the comparison.

“To get an idea of how low this condo MIGHT go, just look up the price of it, or comparable condos, in 1996-1998. Add 40% for inflation.”

I don’t really agree with this logic because interest rate make a big difference. $125k @ 9.5% yield the same monthly payment as $190k @ 5.5%. It might be more logical to say, take 1996-1998 monthly payment and add 40%. Then you’d remove the interest rate variable.

[an]

drunkle: “what would you do or think if the value of the place dropped as low as 125k? or even lower? 190k for a condo in escondido still sounds absurd…”

How don’t know how much a place like this would rent for but @ 190k @ 5.25% 30 year fixed, the mortgage payment would be around $1000/month and @ 125k @ 5.25% 30 year fixed, payment would be around $700/month. That’s one way to do the comparison.

“To get an idea of how low this condo MIGHT go, just look up the price of it, or comparable condos, in 1996-1998. Add 40% for inflation.”

I don’t really agree with this logic because interest rate make a big difference. $125k @ 9.5% yield the same monthly payment as $190k @ 5.5%. It might be more logical to say, take 1996-1998 monthly payment and add 40%. Then you’d remove the interest rate variable.

[an]

5yearwaiter,those “house” at the end of Avineda Venusto are manufactured homes. They also have no lot and no drive way. That’s a huge difference than these MM homes we’re talking about now.

[an]

5yearwaiter,those “house” at the end of Avineda Venusto are manufactured homes. They also have no lot and no drive way. That’s a huge difference than these MM homes we’re talking about now.

[an]

5yearwaiter,those “house” at the end of Avineda Venusto are manufactured homes. They also have no lot and no drive way. That’s a huge difference than these MM homes we’re talking about now.

[an]

5yearwaiter,those “house” at the end of Avineda Venusto are manufactured homes. They also have no lot and no drive way. That’s a huge difference than these MM homes we’re talking about now.

[an]

5yearwaiter,those “house” at the end of Avineda Venusto are manufactured homes. They also have no lot and no drive way. That’s a huge difference than these MM homes we’re talking about now.

[an]

FLU, it all depends on which part of MM. But the rent of a SFR 3/2 1300 sq-ft should fetch around 1600-1800/month. A 2bed/2bath apartment should fetch around 1300-1500/month to give some perspective.

[an]

FLU, it all depends on which part of MM. But the rent of a SFR 3/2 1300 sq-ft should fetch around 1600-1800/month. A 2bed/2bath apartment should fetch around 1300-1500/month to give some perspective.

[an]

FLU, it all depends on which part of MM. But the rent of a SFR 3/2 1300 sq-ft should fetch around 1600-1800/month. A 2bed/2bath apartment should fetch around 1300-1500/month to give some perspective.

[an]

FLU, it all depends on which part of MM. But the rent of a SFR 3/2 1300 sq-ft should fetch around 1600-1800/month. A 2bed/2bath apartment should fetch around 1300-1500/month to give some perspective.

[an]

FLU, it all depends on which part of MM. But the rent of a SFR 3/2 1300 sq-ft should fetch around 1600-1800/month. A 2bed/2bath apartment should fetch around 1300-1500/month to give some perspective.

[an]

I’ve been watching her show, read her books for awhile now. Her message has been the same as far back as I can remember. It’s all about eliminate debt, spend less, save more. Her advice is very conservative, which is what most people really need. She always advice to buy a home instead of rent (even now) IF you can afford the payment. Now, she even say if you can afford the payment and want to buy, look for the best deal and offer 2002 price in the hot areas like Cali. If most people listened to her advice from 2002-2005, we wouldn’t be in this mess in the first place since most people who bought in that time frame can’t really afford the house they bought anyways.

[Author]

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