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andymajumder
ParticipantKamil, this is great info….boy blogs such as this one are so useful…
ParticipantKamil, this is great info….boy blogs such as this one are so useful…
ParticipantKamil, this is great info….boy blogs such as this one are so useful…
ParticipantThough, I agree that home prices should still go down in San Diego and to a large extent has been artificially propped up…I doubt a house like that in Poway would sell for mid 300s. You would also have to see that interest rates now are at an historic low, I could get a 4.75% 30yr fixed now, which I believe people could only dream of in the 90s. (I will admit, I am not very versed on how interest rates were in 96s…I am 30 myself and that too an immigrant…but I believe interest rates were higher in 1990s in the US).
Look, I have been on this site for more than 4 yrs and I believe home prices are still too expensive compared to purchasing power in SD. But, I doubt it will fall significantly from here, I think the federal govt will start some other scheme as soon as housing starts faltering again…it will be a gradual decline with inflation gradully cushioning the fall…ParticipantThough, I agree that home prices should still go down in San Diego and to a large extent has been artificially propped up…I doubt a house like that in Poway would sell for mid 300s. You would also have to see that interest rates now are at an historic low, I could get a 4.75% 30yr fixed now, which I believe people could only dream of in the 90s. (I will admit, I am not very versed on how interest rates were in 96s…I am 30 myself and that too an immigrant…but I believe interest rates were higher in 1990s in the US).
Look, I have been on this site for more than 4 yrs and I believe home prices are still too expensive compared to purchasing power in SD. But, I doubt it will fall significantly from here, I think the federal govt will start some other scheme as soon as housing starts faltering again…it will be a gradual decline with inflation gradully cushioning the fall…ParticipantThough, I agree that home prices should still go down in San Diego and to a large extent has been artificially propped up…I doubt a house like that in Poway would sell for mid 300s. You would also have to see that interest rates now are at an historic low, I could get a 4.75% 30yr fixed now, which I believe people could only dream of in the 90s. (I will admit, I am not very versed on how interest rates were in 96s…I am 30 myself and that too an immigrant…but I believe interest rates were higher in 1990s in the US).
Look, I have been on this site for more than 4 yrs and I believe home prices are still too expensive compared to purchasing power in SD. But, I doubt it will fall significantly from here, I think the federal govt will start some other scheme as soon as housing starts faltering again…it will be a gradual decline with inflation gradully cushioning the fall…ParticipantThough, I agree that home prices should still go down in San Diego and to a large extent has been artificially propped up…I doubt a house like that in Poway would sell for mid 300s. You would also have to see that interest rates now are at an historic low, I could get a 4.75% 30yr fixed now, which I believe people could only dream of in the 90s. (I will admit, I am not very versed on how interest rates were in 96s…I am 30 myself and that too an immigrant…but I believe interest rates were higher in 1990s in the US).
Look, I have been on this site for more than 4 yrs and I believe home prices are still too expensive compared to purchasing power in SD. But, I doubt it will fall significantly from here, I think the federal govt will start some other scheme as soon as housing starts faltering again…it will be a gradual decline with inflation gradully cushioning the fall…ParticipantThough, I agree that home prices should still go down in San Diego and to a large extent has been artificially propped up…I doubt a house like that in Poway would sell for mid 300s. You would also have to see that interest rates now are at an historic low, I could get a 4.75% 30yr fixed now, which I believe people could only dream of in the 90s. (I will admit, I am not very versed on how interest rates were in 96s…I am 30 myself and that too an immigrant…but I believe interest rates were higher in 1990s in the US).
Look, I have been on this site for more than 4 yrs and I believe home prices are still too expensive compared to purchasing power in SD. But, I doubt it will fall significantly from here, I think the federal govt will start some other scheme as soon as housing starts faltering again…it will be a gradual decline with inflation gradully cushioning the fall…ParticipantSD, I did a brief calculation based on past 6 months sale in the neighborhood as seen on ziprealty:
The pricesqft has varied between 184 (bigger house probably bank owned) to 338 (much smaller house).
The average comes to be about – 273sqft.
Using 273, the house should be around -> 415K. Since, its nicely upgraded with an extra room added and a nice backyard…might be worth around 430K. What do you think?
ParticipantSD, I did a brief calculation based on past 6 months sale in the neighborhood as seen on ziprealty:
The pricesqft has varied between 184 (bigger house probably bank owned) to 338 (much smaller house).
The average comes to be about – 273sqft.
Using 273, the house should be around -> 415K. Since, its nicely upgraded with an extra room added and a nice backyard…might be worth around 430K. What do you think?
ParticipantSD, I did a brief calculation based on past 6 months sale in the neighborhood as seen on ziprealty:
The pricesqft has varied between 184 (bigger house probably bank owned) to 338 (much smaller house).
The average comes to be about – 273sqft.
Using 273, the house should be around -> 415K. Since, its nicely upgraded with an extra room added and a nice backyard…might be worth around 430K. What do you think?
ParticipantSD, I did a brief calculation based on past 6 months sale in the neighborhood as seen on ziprealty:
The pricesqft has varied between 184 (bigger house probably bank owned) to 338 (much smaller house).
The average comes to be about – 273sqft.
Using 273, the house should be around -> 415K. Since, its nicely upgraded with an extra room added and a nice backyard…might be worth around 430K. What do you think?
ParticipantSD, I did a brief calculation based on past 6 months sale in the neighborhood as seen on ziprealty:
The pricesqft has varied between 184 (bigger house probably bank owned) to 338 (much smaller house).
The average comes to be about – 273sqft.
Using 273, the house should be around -> 415K. Since, its nicely upgraded with an extra room added and a nice backyard…might be worth around 430K. What do you think?
ParticipantSD, what do think of the price….what would be a fair price for that house?
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