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ParticipantIt might go a little lower, but that still could be a good deal. Check to make sure the HOA is in good shape. Find out what units like that rent for — I’m guessing $1200-1400? Figure out your monthly payment with deduction/etc… and if it’s close to the rent you’re probably not going to regret it long term. Certainly things are heading in the right direction now!
ParticipantMeloo Roos doesnt seem to be scaring buyers off.
Probably because anyone foolish enough to buy one of those houses at the current ridiculous prices doesn’t even know what it is.
ParticipantMeloo Roos doesnt seem to be scaring buyers off.
Probably because anyone foolish enough to buy one of those houses at the current ridiculous prices doesn’t even know what it is.
ParticipantMeloo Roos doesnt seem to be scaring buyers off.
Probably because anyone foolish enough to buy one of those houses at the current ridiculous prices doesn’t even know what it is.
ParticipantMeloo Roos doesnt seem to be scaring buyers off.
Probably because anyone foolish enough to buy one of those houses at the current ridiculous prices doesn’t even know what it is.
ParticipantMeloo Roos doesnt seem to be scaring buyers off.
Probably because anyone foolish enough to buy one of those houses at the current ridiculous prices doesn’t even know what it is.
ParticipantA couple of things…
If you save $750/month at 9% for 10 years that’s about $140,000.
Who here HONESTLY gets 9% on their cash investments? Oh wait a minute, this is piggington where everyone is a supertrader making 20% returns with their genius trading strategy. I forgot. Anyway I am the first to admit that I am lucky to get 5% most of the time. Sure there are years where I go into the double digits but they are not that common. The best investment I ever made was buying and selling RE here in SD and that was probably 90% luck.
showing that a healthy portion of recent CV transactions have high LTV’s. Thus, large (multi-hundred $K) down payments are being paid.
Wouldn’t a high LTV indicate that buyers have very little down payment? Doesn’t LTV mean Loan-To-Value ratio, or “Loan Amount/Home Value”.
Oh, as to the topic of this thread, yes the higher-end areas are declining more slowly because the people in those areas are trading up or around in the same type of neighborhoods and they have home equity from earlier home purchase/sale. Also the nicer neighbhorhoods have higher earners, so more savings/401K loans, etc… These neighborhoods also have people with more of a cushion to draw on when times get tight (like now). I think a lot of people in CV and 4$ ranch will be withdrawing from their 401Ks to keep up appearances. This is an image-conscious town and no one wants to look like a loser renter. Patience, friends, patience. We just had a huge multi-year price run-up, it will take years to unwind.
ParticipantA couple of things…
If you save $750/month at 9% for 10 years that’s about $140,000.
Who here HONESTLY gets 9% on their cash investments? Oh wait a minute, this is piggington where everyone is a supertrader making 20% returns with their genius trading strategy. I forgot. Anyway I am the first to admit that I am lucky to get 5% most of the time. Sure there are years where I go into the double digits but they are not that common. The best investment I ever made was buying and selling RE here in SD and that was probably 90% luck.
showing that a healthy portion of recent CV transactions have high LTV’s. Thus, large (multi-hundred $K) down payments are being paid.
Wouldn’t a high LTV indicate that buyers have very little down payment? Doesn’t LTV mean Loan-To-Value ratio, or “Loan Amount/Home Value”.
Oh, as to the topic of this thread, yes the higher-end areas are declining more slowly because the people in those areas are trading up or around in the same type of neighborhoods and they have home equity from earlier home purchase/sale. Also the nicer neighbhorhoods have higher earners, so more savings/401K loans, etc… These neighborhoods also have people with more of a cushion to draw on when times get tight (like now). I think a lot of people in CV and 4$ ranch will be withdrawing from their 401Ks to keep up appearances. This is an image-conscious town and no one wants to look like a loser renter. Patience, friends, patience. We just had a huge multi-year price run-up, it will take years to unwind.
ParticipantA couple of things…
If you save $750/month at 9% for 10 years that’s about $140,000.
Who here HONESTLY gets 9% on their cash investments? Oh wait a minute, this is piggington where everyone is a supertrader making 20% returns with their genius trading strategy. I forgot. Anyway I am the first to admit that I am lucky to get 5% most of the time. Sure there are years where I go into the double digits but they are not that common. The best investment I ever made was buying and selling RE here in SD and that was probably 90% luck.
showing that a healthy portion of recent CV transactions have high LTV’s. Thus, large (multi-hundred $K) down payments are being paid.
Wouldn’t a high LTV indicate that buyers have very little down payment? Doesn’t LTV mean Loan-To-Value ratio, or “Loan Amount/Home Value”.
Oh, as to the topic of this thread, yes the higher-end areas are declining more slowly because the people in those areas are trading up or around in the same type of neighborhoods and they have home equity from earlier home purchase/sale. Also the nicer neighbhorhoods have higher earners, so more savings/401K loans, etc… These neighborhoods also have people with more of a cushion to draw on when times get tight (like now). I think a lot of people in CV and 4$ ranch will be withdrawing from their 401Ks to keep up appearances. This is an image-conscious town and no one wants to look like a loser renter. Patience, friends, patience. We just had a huge multi-year price run-up, it will take years to unwind.
ParticipantA couple of things…
If you save $750/month at 9% for 10 years that’s about $140,000.
Who here HONESTLY gets 9% on their cash investments? Oh wait a minute, this is piggington where everyone is a supertrader making 20% returns with their genius trading strategy. I forgot. Anyway I am the first to admit that I am lucky to get 5% most of the time. Sure there are years where I go into the double digits but they are not that common. The best investment I ever made was buying and selling RE here in SD and that was probably 90% luck.
showing that a healthy portion of recent CV transactions have high LTV’s. Thus, large (multi-hundred $K) down payments are being paid.
Wouldn’t a high LTV indicate that buyers have very little down payment? Doesn’t LTV mean Loan-To-Value ratio, or “Loan Amount/Home Value”.
Oh, as to the topic of this thread, yes the higher-end areas are declining more slowly because the people in those areas are trading up or around in the same type of neighborhoods and they have home equity from earlier home purchase/sale. Also the nicer neighbhorhoods have higher earners, so more savings/401K loans, etc… These neighborhoods also have people with more of a cushion to draw on when times get tight (like now). I think a lot of people in CV and 4$ ranch will be withdrawing from their 401Ks to keep up appearances. This is an image-conscious town and no one wants to look like a loser renter. Patience, friends, patience. We just had a huge multi-year price run-up, it will take years to unwind.
ParticipantA couple of things…
If you save $750/month at 9% for 10 years that’s about $140,000.
Who here HONESTLY gets 9% on their cash investments? Oh wait a minute, this is piggington where everyone is a supertrader making 20% returns with their genius trading strategy. I forgot. Anyway I am the first to admit that I am lucky to get 5% most of the time. Sure there are years where I go into the double digits but they are not that common. The best investment I ever made was buying and selling RE here in SD and that was probably 90% luck.
showing that a healthy portion of recent CV transactions have high LTV’s. Thus, large (multi-hundred $K) down payments are being paid.
Wouldn’t a high LTV indicate that buyers have very little down payment? Doesn’t LTV mean Loan-To-Value ratio, or “Loan Amount/Home Value”.
Oh, as to the topic of this thread, yes the higher-end areas are declining more slowly because the people in those areas are trading up or around in the same type of neighborhoods and they have home equity from earlier home purchase/sale. Also the nicer neighbhorhoods have higher earners, so more savings/401K loans, etc… These neighborhoods also have people with more of a cushion to draw on when times get tight (like now). I think a lot of people in CV and 4$ ranch will be withdrawing from their 401Ks to keep up appearances. This is an image-conscious town and no one wants to look like a loser renter. Patience, friends, patience. We just had a huge multi-year price run-up, it will take years to unwind.
ParticipantPrices are high there because everyone wants to live in Normal Heights.
ParticipantPrices are high there because everyone wants to live in Normal Heights.
ParticipantPrices are high there because everyone wants to live in Normal Heights.
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