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eagleeye
ParticipantMy 15-mo 6% NFCU CD matures at the end of July so this is a very interesting topic to me. I also have a 5.5% CD at Countrywide. I plan to move those funds back to NFCU upon maturity next month. Currently NFCU’s jumbo 12-mo CD rate is 3.05%. It kills me when I think about how much less interest I’ll be earning. I will be reinvesting over $500K. I have a great deal of confidence in NFCU so I’m not worried about exceeding the FDIC limits. That being said, if there is an equally safe alternative out there that will return a higher yield I’d love to hear about it. Thanks!
ParticipantMy 15-mo 6% NFCU CD matures at the end of July so this is a very interesting topic to me. I also have a 5.5% CD at Countrywide. I plan to move those funds back to NFCU upon maturity next month. Currently NFCU’s jumbo 12-mo CD rate is 3.05%. It kills me when I think about how much less interest I’ll be earning. I will be reinvesting over $500K. I have a great deal of confidence in NFCU so I’m not worried about exceeding the FDIC limits. That being said, if there is an equally safe alternative out there that will return a higher yield I’d love to hear about it. Thanks!
ParticipantMy 15-mo 6% NFCU CD matures at the end of July so this is a very interesting topic to me. I also have a 5.5% CD at Countrywide. I plan to move those funds back to NFCU upon maturity next month. Currently NFCU’s jumbo 12-mo CD rate is 3.05%. It kills me when I think about how much less interest I’ll be earning. I will be reinvesting over $500K. I have a great deal of confidence in NFCU so I’m not worried about exceeding the FDIC limits. That being said, if there is an equally safe alternative out there that will return a higher yield I’d love to hear about it. Thanks!
ParticipantMy 15-mo 6% NFCU CD matures at the end of July so this is a very interesting topic to me. I also have a 5.5% CD at Countrywide. I plan to move those funds back to NFCU upon maturity next month. Currently NFCU’s jumbo 12-mo CD rate is 3.05%. It kills me when I think about how much less interest I’ll be earning. I will be reinvesting over $500K. I have a great deal of confidence in NFCU so I’m not worried about exceeding the FDIC limits. That being said, if there is an equally safe alternative out there that will return a higher yield I’d love to hear about it. Thanks!
ParticipantYes, we’re here. I wouldn’t touch a cloud condo for 1/2 their current ask nor do I have any interest in the 400 block of D. The really ridiculously priced ones are in the 900 block of F. They are dreaming with asking prices ranging from $1.95M-$2.1M. They are all going to dive in price IMO. Billy boxes are going to take a big hit too…since they are your entry level Village property and I think there will be quite a bit of must sell inventory soon. There are a lot of people on the brink. The Country Club lots on Coronado Ave are $1.699M and $1.725M right next door to each other…7500 sq ft lots backing to the golf course. Construction loans are near impossible to get because no outside lenders are writing jumbo construction loans in California since it was declared a declining market. The one local bank that I know of that will finance a construction loan is looking for a huge down payment. With a lot price of $1.7M +/- and construction costs running as high as $300/sq ft, it doesn’t make sense. What’s worse is it could drop 20% in value before it’s even completed and then you still have to secure financing to pay off the construction loan…and who knows where interest rates will be by then. I’m going to be patient. I expect things to get much worse.
ParticipantYes, we’re here. I wouldn’t touch a cloud condo for 1/2 their current ask nor do I have any interest in the 400 block of D. The really ridiculously priced ones are in the 900 block of F. They are dreaming with asking prices ranging from $1.95M-$2.1M. They are all going to dive in price IMO. Billy boxes are going to take a big hit too…since they are your entry level Village property and I think there will be quite a bit of must sell inventory soon. There are a lot of people on the brink. The Country Club lots on Coronado Ave are $1.699M and $1.725M right next door to each other…7500 sq ft lots backing to the golf course. Construction loans are near impossible to get because no outside lenders are writing jumbo construction loans in California since it was declared a declining market. The one local bank that I know of that will finance a construction loan is looking for a huge down payment. With a lot price of $1.7M +/- and construction costs running as high as $300/sq ft, it doesn’t make sense. What’s worse is it could drop 20% in value before it’s even completed and then you still have to secure financing to pay off the construction loan…and who knows where interest rates will be by then. I’m going to be patient. I expect things to get much worse.
ParticipantYes, we’re here. I wouldn’t touch a cloud condo for 1/2 their current ask nor do I have any interest in the 400 block of D. The really ridiculously priced ones are in the 900 block of F. They are dreaming with asking prices ranging from $1.95M-$2.1M. They are all going to dive in price IMO. Billy boxes are going to take a big hit too…since they are your entry level Village property and I think there will be quite a bit of must sell inventory soon. There are a lot of people on the brink. The Country Club lots on Coronado Ave are $1.699M and $1.725M right next door to each other…7500 sq ft lots backing to the golf course. Construction loans are near impossible to get because no outside lenders are writing jumbo construction loans in California since it was declared a declining market. The one local bank that I know of that will finance a construction loan is looking for a huge down payment. With a lot price of $1.7M +/- and construction costs running as high as $300/sq ft, it doesn’t make sense. What’s worse is it could drop 20% in value before it’s even completed and then you still have to secure financing to pay off the construction loan…and who knows where interest rates will be by then. I’m going to be patient. I expect things to get much worse.
ParticipantYes, we’re here. I wouldn’t touch a cloud condo for 1/2 their current ask nor do I have any interest in the 400 block of D. The really ridiculously priced ones are in the 900 block of F. They are dreaming with asking prices ranging from $1.95M-$2.1M. They are all going to dive in price IMO. Billy boxes are going to take a big hit too…since they are your entry level Village property and I think there will be quite a bit of must sell inventory soon. There are a lot of people on the brink. The Country Club lots on Coronado Ave are $1.699M and $1.725M right next door to each other…7500 sq ft lots backing to the golf course. Construction loans are near impossible to get because no outside lenders are writing jumbo construction loans in California since it was declared a declining market. The one local bank that I know of that will finance a construction loan is looking for a huge down payment. With a lot price of $1.7M +/- and construction costs running as high as $300/sq ft, it doesn’t make sense. What’s worse is it could drop 20% in value before it’s even completed and then you still have to secure financing to pay off the construction loan…and who knows where interest rates will be by then. I’m going to be patient. I expect things to get much worse.
ParticipantYes, we’re here. I wouldn’t touch a cloud condo for 1/2 their current ask nor do I have any interest in the 400 block of D. The really ridiculously priced ones are in the 900 block of F. They are dreaming with asking prices ranging from $1.95M-$2.1M. They are all going to dive in price IMO. Billy boxes are going to take a big hit too…since they are your entry level Village property and I think there will be quite a bit of must sell inventory soon. There are a lot of people on the brink. The Country Club lots on Coronado Ave are $1.699M and $1.725M right next door to each other…7500 sq ft lots backing to the golf course. Construction loans are near impossible to get because no outside lenders are writing jumbo construction loans in California since it was declared a declining market. The one local bank that I know of that will finance a construction loan is looking for a huge down payment. With a lot price of $1.7M +/- and construction costs running as high as $300/sq ft, it doesn’t make sense. What’s worse is it could drop 20% in value before it’s even completed and then you still have to secure financing to pay off the construction loan…and who knows where interest rates will be by then. I’m going to be patient. I expect things to get much worse.
ParticipantPD,
There is plenty of trouble brewing in Coronado…705 H going to foreclosure…701 H listed as a short sale…There are plenty more coming. I think every Billy Box on the Island just went down $200K in value. I know what you mean, people are finally admitting that prices are no longer rising, some will even admit that homes are losing value…just not their house. It’s a start, a year ago nobody believed prices would ever stop rising. A realtor tried to reason that so what if my dream house goes down a bit…I’d be in it for the long haul. I told her that if my dream home lost 20% of its value at the present price point, it would become my worst nightmare.
ParticipantPD,
There is plenty of trouble brewing in Coronado…705 H going to foreclosure…701 H listed as a short sale…There are plenty more coming. I think every Billy Box on the Island just went down $200K in value. I know what you mean, people are finally admitting that prices are no longer rising, some will even admit that homes are losing value…just not their house. It’s a start, a year ago nobody believed prices would ever stop rising. A realtor tried to reason that so what if my dream house goes down a bit…I’d be in it for the long haul. I told her that if my dream home lost 20% of its value at the present price point, it would become my worst nightmare.
ParticipantPD,
There is plenty of trouble brewing in Coronado…705 H going to foreclosure…701 H listed as a short sale…There are plenty more coming. I think every Billy Box on the Island just went down $200K in value. I know what you mean, people are finally admitting that prices are no longer rising, some will even admit that homes are losing value…just not their house. It’s a start, a year ago nobody believed prices would ever stop rising. A realtor tried to reason that so what if my dream house goes down a bit…I’d be in it for the long haul. I told her that if my dream home lost 20% of its value at the present price point, it would become my worst nightmare.
ParticipantPD,
There is plenty of trouble brewing in Coronado…705 H going to foreclosure…701 H listed as a short sale…There are plenty more coming. I think every Billy Box on the Island just went down $200K in value. I know what you mean, people are finally admitting that prices are no longer rising, some will even admit that homes are losing value…just not their house. It’s a start, a year ago nobody believed prices would ever stop rising. A realtor tried to reason that so what if my dream house goes down a bit…I’d be in it for the long haul. I told her that if my dream home lost 20% of its value at the present price point, it would become my worst nightmare.
ParticipantPD,
There is plenty of trouble brewing in Coronado…705 H going to foreclosure…701 H listed as a short sale…There are plenty more coming. I think every Billy Box on the Island just went down $200K in value. I know what you mean, people are finally admitting that prices are no longer rising, some will even admit that homes are losing value…just not their house. It’s a start, a year ago nobody believed prices would ever stop rising. A realtor tried to reason that so what if my dream house goes down a bit…I’d be in it for the long haul. I told her that if my dream home lost 20% of its value at the present price point, it would become my worst nightmare.
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