[bsrsharma]

I think it is without land since the assessors report values land as 0. So you may have to consider land rent before computing your cash flow. But at 85K, house structure seems well priced. After the bubble buyers lose their homes to foreclosure, they have to live somewhere. So demand for low cost housing is one thing that is guaranteed.

[bsrsharma]

If you have stable employment nearby, it shouldn’t be an issue. Otherwise, you should research carpool/vanpool options to go to work.

BTW, is there a paid carpool/vanpool service anywhere (shared taxi)? Is this legal to operate (other than as airport shuttle)? Other countries have this “minibus” system. It would save fuel, reduce pollution / congestion and provide employment to many.

[bsrsharma]

If you have stable employment nearby, it shouldn’t be an issue. Otherwise, you should research carpool/vanpool options to go to work.

BTW, is there a paid carpool/vanpool service anywhere (shared taxi)? Is this legal to operate (other than as airport shuttle)? Other countries have this “minibus” system. It would save fuel, reduce pollution / congestion and provide employment to many.

[bsrsharma]

If you have stable employment nearby, it shouldn’t be an issue. Otherwise, you should research carpool/vanpool options to go to work.

BTW, is there a paid carpool/vanpool service anywhere (shared taxi)? Is this legal to operate (other than as airport shuttle)? Other countries have this “minibus” system. It would save fuel, reduce pollution / congestion and provide employment to many.

[bsrsharma]

If you have stable employment nearby, it shouldn’t be an issue. Otherwise, you should research carpool/vanpool options to go to work.

BTW, is there a paid carpool/vanpool service anywhere (shared taxi)? Is this legal to operate (other than as airport shuttle)? Other countries have this “minibus” system. It would save fuel, reduce pollution / congestion and provide employment to many.

[bsrsharma]

If you have stable employment nearby, it shouldn’t be an issue. Otherwise, you should research carpool/vanpool options to go to work.

BTW, is there a paid carpool/vanpool service anywhere (shared taxi)? Is this legal to operate (other than as airport shuttle)? Other countries have this “minibus” system. It would save fuel, reduce pollution / congestion and provide employment to many.

[bsrsharma]

Any info on what he paid? It will be interesting news if he loses money on the house. He can make a story on “destruction of wealth” for Nightline.

[bsrsharma]

Any info on what he paid? It will be interesting news if he loses money on the house. He can make a story on “destruction of wealth” for Nightline.

[bsrsharma]

Any info on what he paid? It will be interesting news if he loses money on the house. He can make a story on “destruction of wealth” for Nightline.

[bsrsharma]

Any info on what he paid? It will be interesting news if he loses money on the house. He can make a story on “destruction of wealth” for Nightline.

[bsrsharma]

Any info on what he paid? It will be interesting news if he loses money on the house. He can make a story on “destruction of wealth” for Nightline.

[bsrsharma]

Exurbs are rapidly losing value as gas prices climb:

http://www.bloomberg.com/apps/news?pid=20601109&sid=a4kOXcpI3dQg

If gas hits $5+, much of Temecula & Murrieta homes may be pushed under $200K. For potential buyers, this is a serious risk – the value of a home may quickly degenerate into a fraction of purchase price. A 70+% drop from peak is not at all unthinkable.

[bsrsharma]

Exurbs are rapidly losing value as gas prices climb:

http://www.bloomberg.com/apps/news?pid=20601109&sid=a4kOXcpI3dQg

If gas hits $5+, much of Temecula & Murrieta homes may be pushed under $200K. For potential buyers, this is a serious risk – the value of a home may quickly degenerate into a fraction of purchase price. A 70+% drop from peak is not at all unthinkable.

[bsrsharma]

Exurbs are rapidly losing value as gas prices climb:

http://www.bloomberg.com/apps/news?pid=20601109&sid=a4kOXcpI3dQg

If gas hits $5+, much of Temecula & Murrieta homes may be pushed under $200K. For potential buyers, this is a serious risk – the value of a home may quickly degenerate into a fraction of purchase price. A 70+% drop from peak is not at all unthinkable.

[bsrsharma]

Exurbs are rapidly losing value as gas prices climb:

http://www.bloomberg.com/apps/news?pid=20601109&sid=a4kOXcpI3dQg

If gas hits $5+, much of Temecula & Murrieta homes may be pushed under $200K. For potential buyers, this is a serious risk – the value of a home may quickly degenerate into a fraction of purchase price. A 70+% drop from peak is not at all unthinkable.

[Author]

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