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CardiffBaseball
ParticipantNo way Cardiff is hip, cool. I live in an older neighborhood, and rent, and probably have the most professional type job of anyone on the block.
Most are long term owners from back when you could be a service worker or run a blue collar crew and be able to afford a home. However if you go and hang out around Yogi’s or VG’s people are pretty friendly. I suppose there are some upper crust type areas that are a little more exclusive, but I don’t pay much attention to those. My kids have not been shunned at school for being renters, the baseball is great, its a nice place.
ParticipantI lived in West Texas for 8 years, and both the wife and I graduated from colleges in Abilene.
I miss the beef, and BBQ, but that’s about it. We were more than ready to get out there. I can’t imagine Amarillo being much better. OTOH, while I was living there I enjoyed myself. It’s just that when moved to Dallas, and later back to Cleveland (warren, really) Ohio, I looked at the time in West Texas as OK, but nothing I wanted to go back to. The bigger cities just have more to offer in what I am interested in which is primarily pro-sports.
Participant5. Rumors have that a 'huge' government contracting deal didn't go through. I won't mention company name as this is just rumor and I'm working to get more info on this. Hundreds of people could possibly be affected.
Does it sound like Ess-A-Aye-See?
Also a big project down the 5 from Lockheed Martin.
ParticipantSince it is a small market, I generally check all of the new listings in Zip Realty for previous listings by googling the address. The only way it works when you do this is to hit the site that Google has cached, instead of the direct link.
Your algorithm sounds like the way to go, as my way is too hard for a bigger area. It’s fine for Cardiff, but probably not so good for San Marcos.
ParticipantThe bottom line is that buying real estate with less than 10% down and a non-amortizing loan is pure speculation.
I have bought two homes with VA nothing down loans. In both cases I technically came out ok, though in the second one I just sold in Nov. 2005 I had to bring 9K to the table to help pay for the new Septic I was ordered to install. So in that case 10% down would have helped.
ParticipantThe focal point of terror in the world is basically surrounded. American bases in Iraq, Afghanistan, Kuwait, etc. Iran has a vibrant youth movement that wants to move away from the 12th century Mullahs/Imams. Part of the desperation in their nutjob leader can be summed up by this picture.
[img_assist|nid=908|title=Iran Surrounded|desc=|link=node|align=left|width=400|height=362]
ParticipantSD Realtor:
“The goal was to simply have it and do trannies for myself and friends/family… ”Whoa the tenderloin!! Sorry just having some fun to lighten the mood.
ParticipantOne of the guys working for me lives in Linda Vista, a fact he is quite proud of which is a good thing for him, just not my kinda place. They rebuilt, and had a ton of work down, adding a second story and getting to 3200 Sq. feet. Totally out of cash, he borrowed from 401K, and has no grass or landscaping apparently. Nice guy but he overreached on this one badly.
Now he plans to consolidate it all into an IO loan for just 3 years so they can catch their breath and re-fi. He was hoping to get 800K but so far can only find 725K, as he wanted to consolidate all costs into this.
He spent just over a year renting an apt. across the street, while all this wad done, and had all his payroll taxes knocked off to be able to finish. He claimed 99 dependents to be able to do this.
I don’t know how he is going to see this through. Apparently a nice ocean view so it’s all worth it. All from a house bought for 130K and re-fi’d twice before upgrading.
ParticipantWhat about the recent news that the growth in the size of the deficit is shrinking? Or I assume that means the deficit is now less than planned.
Of course all it takes is an economy that isn’t smoking, and suddenly the deficits grow quickly, ala Bush years.
ParticipantYes it would appear that while they are less than a mile apart, neighborhood number one is in a very hispanic area. Also it’s backed up to I-5 whereas house number 2 has the street and that large storage facility so it’s slightly less loud.
House number 2 is definitely worth more, but I am starting to think that area is slowly turning into a more hispanic area as well. The demographic seems to be changing at that end of birmingham. I know the area pretty well, and even right around there you have little chihuahua’s harassing kids and running loose.
ParticipantAt this point you are all simply feeding the troll. Murray isn’t able to discuss facts, because it goes against his religion. Dismiss everyone as bubblehead. Despite solid attempts to explain how the median is poor indicator we get, “you bubbleheads crack me up”.
Troll
ParticipantIf you want to say a 27% shaving off of a ridiculous asking price doesn’t count, then why don’t we just shave 27% off of everything so we can ignore that pesky drop in prices.
Of course everything is overpriced, that’s the whole point.
ParticipantIf you want to say a 27% shaving off of a ridiculous asking price doesn’t count, then why don’t we just shave 27% off of everything so we can ignore that pesky drop in prices.
Of course everything is overpriced, that’s the whole point.
ParticipantOk, so Powayseller posts data points, and Murray goes off of feeling.
Period.
I just posted a 200K difference in Comps. As far as Joe San Diegan who gets all their RE info from the YOY report this is the first they have heard it was down.
Also in my nabe, one house started a year ago at 1.3 mill, and is down to 950, and still it sits. All it takes is for one forced to sale to wreck neighborhoods. Here is a near 27% shaving for a house that has sat empty for several months. Someone is burning through some serious cash and nobody wants the house. And, this is just the beginning of the down cycle. The person paid 650, in 2003 so they are still up but how much longer can they burn cash and still pay 6% commission to unload.
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