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betting on fall
ParticipantGreat info. I think the key one for San Diego now is #7- hopefully its the only one that 99.99% of the evacuees will need:
“Most policies offer coverage for hotel, additional expense for up to 2 weeks for a civil authority action (e.g. evacuation) many times without taking a deductible.”
ParticipantGreat info. I think the key one for San Diego now is #7- hopefully its the only one that 99.99% of the evacuees will need:
“Most policies offer coverage for hotel, additional expense for up to 2 weeks for a civil authority action (e.g. evacuation) many times without taking a deductible.”
Participantthey are coming in clear off the old-fashion am radio thingy.
Suspect the internet feed is a little too popular. I’ve had problems with the U-T’s website this morning.Participantthey are coming in clear off the old-fashion am radio thingy.
Suspect the internet feed is a little too popular. I’ve had problems with the U-T’s website this morning.ParticipantI was amazed reading this- if I had made some clearly dumb financial moves, would I let it be published in the paper- complete with a picture of my wife and kid?
And I suspect that the cost of that condo is more than $6100 a month. Property tax is at least $1300, HOA at least $800, plus insurance.
So less than $4000 a month left to pay the mortgage on a $1.4m place at current jumbo loan rates? No way, unless its a truly funky option arm, but I didn’t think they still wrote those. Or he made a major downpayment which-sadly- is at risk.I wish the guy luck for his family’s sake, but I just don’t see any way this will work out for him.
ParticipantI was amazed reading this- if I had made some clearly dumb financial moves, would I let it be published in the paper- complete with a picture of my wife and kid?
And I suspect that the cost of that condo is more than $6100 a month. Property tax is at least $1300, HOA at least $800, plus insurance.
So less than $4000 a month left to pay the mortgage on a $1.4m place at current jumbo loan rates? No way, unless its a truly funky option arm, but I didn’t think they still wrote those. Or he made a major downpayment which-sadly- is at risk.I wish the guy luck for his family’s sake, but I just don’t see any way this will work out for him.
ParticipantEast Chula Vista is the place most impacted by the current problems. I’m sure foreclosures exceed sales over there already, and there are no buyers even for the cheapest foreclosures. Prices already down 20% and- sadly for most- things are just getting started.
Save your cash, take a nice long break in Mexico, and in a few years, buy like its 2001!ParticipantEast Chula Vista is the place most impacted by the current problems. I’m sure foreclosures exceed sales over there already, and there are no buyers even for the cheapest foreclosures. Prices already down 20% and- sadly for most- things are just getting started.
Save your cash, take a nice long break in Mexico, and in a few years, buy like its 2001!Participantsupply issues- and building restrictions- did not cause the bubble because supply growth kept up with population through the bubble. (see Rich’s graphs at this site).
Over the long term- meaning over generations- I do think San Diego will see price increases caused by a lack of sufficient supply since we have geographic constraints and infill development is expensive (mostly because of land acquisition and prep costs- not regulation).
But the article is simply wrong that building restrictions have caused the bubble. Funny money fueled panic buying did.
Participantsupply issues- and building restrictions- did not cause the bubble because supply growth kept up with population through the bubble. (see Rich’s graphs at this site).
Over the long term- meaning over generations- I do think San Diego will see price increases caused by a lack of sufficient supply since we have geographic constraints and infill development is expensive (mostly because of land acquisition and prep costs- not regulation).
But the article is simply wrong that building restrictions have caused the bubble. Funny money fueled panic buying did.
ParticipantIf you look closer at the San Diego numbers at the U-T link, you’ll see that for “South County” the median dropped 20% and total sales dropped 50%.
That is already a housing crash and I don’t see anything stopping it from falling more.
ParticipantIf you look closer at the San Diego numbers at the U-T link, you’ll see that for “South County” the median dropped 20% and total sales dropped 50%.
That is already a housing crash and I don’t see anything stopping it from falling more.
ParticipantSo this is a sucessful investment company, but they can’t even cash their own checks?
its either money laundering, or a flat out scam- a stop payment is issued on the check as soon as your money order comes through.
ParticipantSo this is a sucessful investment company, but they can’t even cash their own checks?
its either money laundering, or a flat out scam- a stop payment is issued on the check as soon as your money order comes through.
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