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CoronitaParticipantWhoo-hoo, the SD housing market is saved! Here come THE RICH FILIPINOS AND MEXICANS to buy all of our $700K houses! Our realtors and mortgage brokers don't have to return their leased BMWs just yet!!!
Funny when the immigrant word is mentioned, you immediately think Mexican and Fillipino.
CoronitaParticipantWhoo-hoo, the SD housing market is saved! Here come THE RICH FILIPINOS AND MEXICANS to buy all of our $700K houses! Our realtors and mortgage brokers don't have to return their leased BMWs just yet!!!
Funny when the immigrant word is mentioned, you immediately think Mexican and Fillipino.
CoronitaParticipantYes, and they will all make 150K / yr right off the boat and buy $800K homes…..ahahahaha right……
Actually, a good portion of them with PHD's that joined say qualcomm recently started around 90k. And since most of them on h1-b also have a spouse on h1-b working in similar fields… I would say its not uncommon for a couple on h1-b to be above 100k.
It's also interesting that one person here associated immigrant to Mexican and Phillipino. I think a few are sort of disillusioned in thinking that companies hire H1-B's to pick strawberries, and pay them shitty wages. Hello, what planet are you from?
Their wages are lower than what a comparably skilled domestic person would get. But, the hires I've seen have been to fill a void in skills that apparently local folks don't have. It's a pain in the ass for a company to recruit an H1-B. The upside, is once there, you got them for about 5-6 yrs.
I think a lot of local boys and girls don't like to admit that they lack the skills that some of these fresh overseas hires are bringing to the table, and are in denial that their incomes are pretty decent, if not above what average joe without the skills are getting. Of course their not raking in $200k+, but it's still respectable.
….Though, I seriously doubt they'll be buying a $800k+ home to really help support a declining home market.
CoronitaParticipantYes, and they will all make 150K / yr right off the boat and buy $800K homes…..ahahahaha right……
Actually, a good portion of them with PHD's that joined say qualcomm recently started around 90k. And since most of them on h1-b also have a spouse on h1-b working in similar fields… I would say its not uncommon for a couple on h1-b to be above 100k.
It's also interesting that one person here associated immigrant to Mexican and Phillipino. I think a few are sort of disillusioned in thinking that companies hire H1-B's to pick strawberries, and pay them shitty wages. Hello, what planet are you from?
Their wages are lower than what a comparably skilled domestic person would get. But, the hires I've seen have been to fill a void in skills that apparently local folks don't have. It's a pain in the ass for a company to recruit an H1-B. The upside, is once there, you got them for about 5-6 yrs.
I think a lot of local boys and girls don't like to admit that they lack the skills that some of these fresh overseas hires are bringing to the table, and are in denial that their incomes are pretty decent, if not above what average joe without the skills are getting. Of course their not raking in $200k+, but it's still respectable.
….Though, I seriously doubt they'll be buying a $800k+ home to really help support a declining home market.
CoronitaParticipantOr… tell them to find another lender that won’t qualify them 🙂
Seriously.CoronitaParticipantOr… tell them to find another lender that won’t qualify them 🙂
Seriously.CoronitaParticipantMost of the people I knew just sucked it up and lost the deposit. Myself, I had a deposit on a preconstruction out of state. I ended up changing my mind. Fortunately, the deposit was only like $500. I really have no one to blame, so I gladly forfeited the deposit.
Getting an attorney to fight over 20k is probably not worth the hassle/cost imho. To really win, you’ll probably need a good attorney. Good attorneys don’t come cheap.
You might want to get your in-laws to talk to pardee to see if they can make an exception. Provided they can quickly find another buyer, it might not be that bad. When I last spoke to Pardee, they claimed Carriage Run was sold out and there was a waiting list.
CoronitaParticipantMost of the people I knew just sucked it up and lost the deposit. Myself, I had a deposit on a preconstruction out of state. I ended up changing my mind. Fortunately, the deposit was only like $500. I really have no one to blame, so I gladly forfeited the deposit.
Getting an attorney to fight over 20k is probably not worth the hassle/cost imho. To really win, you’ll probably need a good attorney. Good attorneys don’t come cheap.
You might want to get your in-laws to talk to pardee to see if they can make an exception. Provided they can quickly find another buyer, it might not be that bad. When I last spoke to Pardee, they claimed Carriage Run was sold out and there was a waiting list.
CoronitaParticipantWell….
How was the contract written?
Did the contract have a provision that allows them to terminate the contract under certain circumstances, such as their inability to obtain financing on terms that agreed upon?
Or did Pardee snow them over, and ask them to sign a contract with absolutely no financing contigencies and/or the contract wasn’t read.
Side note: it does seem that although we all like to laugh and or say how “dumb” folks are about real estate, most of us probably knows a family member/relative or even ourselves aren’t immune to always being fully insightful, all knowing, always wise decisioning making person. We’re our own victims of our own absurdity. I guess it’s because we’re human.
Well, I hope your in-laws get the 20k back. But if not, it’s just a lesson learned I guess. Besides, between pay the 20k education fee, instead of being upside down for the next 10-15 years and struggling to meet payments, I’d take the former.
CoronitaParticipantWell….
How was the contract written?
Did the contract have a provision that allows them to terminate the contract under certain circumstances, such as their inability to obtain financing on terms that agreed upon?
Or did Pardee snow them over, and ask them to sign a contract with absolutely no financing contigencies and/or the contract wasn’t read.
Side note: it does seem that although we all like to laugh and or say how “dumb” folks are about real estate, most of us probably knows a family member/relative or even ourselves aren’t immune to always being fully insightful, all knowing, always wise decisioning making person. We’re our own victims of our own absurdity. I guess it’s because we’re human.
Well, I hope your in-laws get the 20k back. But if not, it’s just a lesson learned I guess. Besides, between pay the 20k education fee, instead of being upside down for the next 10-15 years and struggling to meet payments, I’d take the former.
CoronitaParticipantNot trying to rain on the parade, but Carriage Run is one of the most overpriced, least value for the money SFH in carmel valley. It’s around 2000-2300 sqft. It the homes are selling for near 800k (no landscaping yet ,etc). That’s just absurd.
Also, I thought Pardee was throwing in incentives to clear these out. Please tell me they didn’t pay full price on this?CoronitaParticipantNot trying to rain on the parade, but Carriage Run is one of the most overpriced, least value for the money SFH in carmel valley. It’s around 2000-2300 sqft. It the homes are selling for near 800k (no landscaping yet ,etc). That’s just absurd.
Also, I thought Pardee was throwing in incentives to clear these out. Please tell me they didn’t pay full price on this?CoronitaParticipantI’m actually surprised some how high some of the neighbor’s home sold for and closed. Around me, it does seem like all the new buyers have been mostly immigrants (Korean, Chinese, Middle-Eastern, Indian). My understanding is that these homes were bought with hefty downpayments. I guess with the dollar devaluing, things are relatively cheap for these folks.
Actually, I was curious so I ask why they moved in. Most cited the school district.
The attached(condo) market in CV on the other hand is a different story.
CoronitaParticipantI’m actually surprised some how high some of the neighbor’s home sold for and closed. Around me, it does seem like all the new buyers have been mostly immigrants (Korean, Chinese, Middle-Eastern, Indian). My understanding is that these homes were bought with hefty downpayments. I guess with the dollar devaluing, things are relatively cheap for these folks.
Actually, I was curious so I ask why they moved in. Most cited the school district.
The attached(condo) market in CV on the other hand is a different story.
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