[betting on fall]

I too thank you for the post, and I hope you keep us updated.

But. . . . to begin the “jumping all over,” I don’t think you really answered the question about what unexpected events happened since you took out the loan.
Your loan went up, just as it was supposed to. You fixed up the house, which should have been expected if the house needed it. You mention the $5000 plumbing problem. I have some sympathy there, but occassional costly problems are an expected part of homeownership.

If nothing has changed with regard to your income, do you really expect GMAC to re-write your agreement?

[betting on fall]

I too thank you for the post, and I hope you keep us updated.

But. . . . to begin the “jumping all over,” I don’t think you really answered the question about what unexpected events happened since you took out the loan.
Your loan went up, just as it was supposed to. You fixed up the house, which should have been expected if the house needed it. You mention the $5000 plumbing problem. I have some sympathy there, but occassional costly problems are an expected part of homeownership.

If nothing has changed with regard to your income, do you really expect GMAC to re-write your agreement?

[betting on fall]

I too thank you for the post, and I hope you keep us updated.

But. . . . to begin the “jumping all over,” I don’t think you really answered the question about what unexpected events happened since you took out the loan.
Your loan went up, just as it was supposed to. You fixed up the house, which should have been expected if the house needed it. You mention the $5000 plumbing problem. I have some sympathy there, but occassional costly problems are an expected part of homeownership.

If nothing has changed with regard to your income, do you really expect GMAC to re-write your agreement?

[betting on fall]

Doesn’t the first property tax bill often still reflect the old assessment on a property?

I know when I bought some years back, we got a very small property tax bill based on the old owners base, then get a large supplemental bill.

You may be getting a bill based on the old assessment since they haven’t put your new purchase price into the system yet.

[betting on fall]

Doesn’t the first property tax bill often still reflect the old assessment on a property?

I know when I bought some years back, we got a very small property tax bill based on the old owners base, then get a large supplemental bill.

You may be getting a bill based on the old assessment since they haven’t put your new purchase price into the system yet.

[betting on fall]

Doesn’t the first property tax bill often still reflect the old assessment on a property?

I know when I bought some years back, we got a very small property tax bill based on the old owners base, then get a large supplemental bill.

You may be getting a bill based on the old assessment since they haven’t put your new purchase price into the system yet.

[betting on fall]

I agree with scripps ranch, but you will still have trouble with the 550k budget. I think the best house price to school quality ratio in a central area is in San Carlos/Del Cerro. Some of the better SD City schools (Hearst, Benchley Weinberger, Greene) and you can even find OK places for 550k.

Still, like everyone says, you’ll do better with your 550k the longer you wait. I would say don’t be afraid to rent in the neighboorhood that slightly above your current budget, and hope you income increase or price drops allow you to get in as buyer in a few years.

[betting on fall]

I agree with scripps ranch, but you will still have trouble with the 550k budget. I think the best house price to school quality ratio in a central area is in San Carlos/Del Cerro. Some of the better SD City schools (Hearst, Benchley Weinberger, Greene) and you can even find OK places for 550k.

Still, like everyone says, you’ll do better with your 550k the longer you wait. I would say don’t be afraid to rent in the neighboorhood that slightly above your current budget, and hope you income increase or price drops allow you to get in as buyer in a few years.

[betting on fall]

I agree with scripps ranch, but you will still have trouble with the 550k budget. I think the best house price to school quality ratio in a central area is in San Carlos/Del Cerro. Some of the better SD City schools (Hearst, Benchley Weinberger, Greene) and you can even find OK places for 550k.

Still, like everyone says, you’ll do better with your 550k the longer you wait. I would say don’t be afraid to rent in the neighboorhood that slightly above your current budget, and hope you income increase or price drops allow you to get in as buyer in a few years.

[betting on fall]

Low doc/no doc option arms combined with falling home prices is time bomb that will explode on the San Diego market in the next 2-4 years. Things are just getting started.

[betting on fall]

Low doc/no doc option arms combined with falling home prices is time bomb that will explode on the San Diego market in the next 2-4 years. Things are just getting started.

[betting on fall]

Low doc/no doc option arms combined with falling home prices is time bomb that will explode on the San Diego market in the next 2-4 years. Things are just getting started.

[betting on fall]

And don’t forget that everyone’s fire insurance rates will probably be going up. Just like Florida homeowners policies after multiple hurricanes there.

[betting on fall]

And don’t forget that everyone’s fire insurance rates will probably be going up. Just like Florida homeowners policies after multiple hurricanes there.

[betting on fall]

And don’t forget that everyone’s fire insurance rates will probably be going up. Just like Florida homeowners policies after multiple hurricanes there.

[Author]

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