[eagleeye]

I ran into this a month or so ago. Outside investors will not underwrite jumbo construction loans California since the state has been declared a declining market. I found a local bank willing to give me the loan but honestly the whole process scared me off. The property I was looking to buy is still way overpriced and construction costs are sky high. The market still has a long way to fall (especially in my neck of the beach) and as much as I’d love to build right now, I can’t justify the risk that the completed new construction could easily be worth 20% less than what I put into it in a couple of years.

[eagleeye]

I ran into this a month or so ago. Outside investors will not underwrite jumbo construction loans California since the state has been declared a declining market. I found a local bank willing to give me the loan but honestly the whole process scared me off. The property I was looking to buy is still way overpriced and construction costs are sky high. The market still has a long way to fall (especially in my neck of the beach) and as much as I’d love to build right now, I can’t justify the risk that the completed new construction could easily be worth 20% less than what I put into it in a couple of years.

[eagleeye]

I ran into this a month or so ago. Outside investors will not underwrite jumbo construction loans California since the state has been declared a declining market. I found a local bank willing to give me the loan but honestly the whole process scared me off. The property I was looking to buy is still way overpriced and construction costs are sky high. The market still has a long way to fall (especially in my neck of the beach) and as much as I’d love to build right now, I can’t justify the risk that the completed new construction could easily be worth 20% less than what I put into it in a couple of years.

[eagleeye]

I ran into this a month or so ago. Outside investors will not underwrite jumbo construction loans California since the state has been declared a declining market. I found a local bank willing to give me the loan but honestly the whole process scared me off. The property I was looking to buy is still way overpriced and construction costs are sky high. The market still has a long way to fall (especially in my neck of the beach) and as much as I’d love to build right now, I can’t justify the risk that the completed new construction could easily be worth 20% less than what I put into it in a couple of years.

[eagleeye]

I ran into this a month or so ago. Outside investors will not underwrite jumbo construction loans California since the state has been declared a declining market. I found a local bank willing to give me the loan but honestly the whole process scared me off. The property I was looking to buy is still way overpriced and construction costs are sky high. The market still has a long way to fall (especially in my neck of the beach) and as much as I’d love to build right now, I can’t justify the risk that the completed new construction could easily be worth 20% less than what I put into it in a couple of years.

[eagleeye]

We have an 11-month-old mini golden doodle puppy. He is an F1 which means he is 50% golden and 50% mini poodle. We had a golden for many years and we miss him dearly but we don’t miss his shedding. This puppy doesn’t shed at all. He is the best dog we’ve ever had. He’s super smart and very well behaved. He was very easy to train. He’s also the perfect size at just 40 lbs. We got him from a breeder in Alabama that has been featured on the Today Show. Check out their website at teddybeargoldendoodles.com. Be prepared for sticker shock though. We paid $2000 last year but the price for one of these puppies is now $2200.

[eagleeye]

We have an 11-month-old mini golden doodle puppy. He is an F1 which means he is 50% golden and 50% mini poodle. We had a golden for many years and we miss him dearly but we don’t miss his shedding. This puppy doesn’t shed at all. He is the best dog we’ve ever had. He’s super smart and very well behaved. He was very easy to train. He’s also the perfect size at just 40 lbs. We got him from a breeder in Alabama that has been featured on the Today Show. Check out their website at teddybeargoldendoodles.com. Be prepared for sticker shock though. We paid $2000 last year but the price for one of these puppies is now $2200.

[eagleeye]

We have an 11-month-old mini golden doodle puppy. He is an F1 which means he is 50% golden and 50% mini poodle. We had a golden for many years and we miss him dearly but we don’t miss his shedding. This puppy doesn’t shed at all. He is the best dog we’ve ever had. He’s super smart and very well behaved. He was very easy to train. He’s also the perfect size at just 40 lbs. We got him from a breeder in Alabama that has been featured on the Today Show. Check out their website at teddybeargoldendoodles.com. Be prepared for sticker shock though. We paid $2000 last year but the price for one of these puppies is now $2200.

[eagleeye]

We have an 11-month-old mini golden doodle puppy. He is an F1 which means he is 50% golden and 50% mini poodle. We had a golden for many years and we miss him dearly but we don’t miss his shedding. This puppy doesn’t shed at all. He is the best dog we’ve ever had. He’s super smart and very well behaved. He was very easy to train. He’s also the perfect size at just 40 lbs. We got him from a breeder in Alabama that has been featured on the Today Show. Check out their website at teddybeargoldendoodles.com. Be prepared for sticker shock though. We paid $2000 last year but the price for one of these puppies is now $2200.

[eagleeye]

We have an 11-month-old mini golden doodle puppy. He is an F1 which means he is 50% golden and 50% mini poodle. We had a golden for many years and we miss him dearly but we don’t miss his shedding. This puppy doesn’t shed at all. He is the best dog we’ve ever had. He’s super smart and very well behaved. He was very easy to train. He’s also the perfect size at just 40 lbs. We got him from a breeder in Alabama that has been featured on the Today Show. Check out their website at teddybeargoldendoodles.com. Be prepared for sticker shock though. We paid $2000 last year but the price for one of these puppies is now $2200.

[eagleeye]

I think there already is some must sell inventory in Coronado. At least there are some very nervous sellers at this point. A friend of mine recently met with her accountant and commented about all of the construction in progress on the island. He pointed out that many of these people would be unable to afford or secure financing after the contruction loans end. I can believe that since I just went through the $1M+ loan application process. The level of scrutiny and terms currently in place in the lending market is enough to tank this market. I started a thread about this very subject a couple of weeks ago. Spend $19 for a month of access on Melissadata.com and take a look at the sizes and terms of mortages that were taken out on purchases in the past few years in 92118. It is staggering. Couple that with a slow leak in the bubble pricing and imagine these “owners” trying to pretend it’s just the cool ocean breeze they’re feeling. I’m anxious to buy here and I was recently really tempted but I decided to continue to wait it out.

[eagleeye]

I think there already is some must sell inventory in Coronado. At least there are some very nervous sellers at this point. A friend of mine recently met with her accountant and commented about all of the construction in progress on the island. He pointed out that many of these people would be unable to afford or secure financing after the contruction loans end. I can believe that since I just went through the $1M+ loan application process. The level of scrutiny and terms currently in place in the lending market is enough to tank this market. I started a thread about this very subject a couple of weeks ago. Spend $19 for a month of access on Melissadata.com and take a look at the sizes and terms of mortages that were taken out on purchases in the past few years in 92118. It is staggering. Couple that with a slow leak in the bubble pricing and imagine these “owners” trying to pretend it’s just the cool ocean breeze they’re feeling. I’m anxious to buy here and I was recently really tempted but I decided to continue to wait it out.

[eagleeye]

I think there already is some must sell inventory in Coronado. At least there are some very nervous sellers at this point. A friend of mine recently met with her accountant and commented about all of the construction in progress on the island. He pointed out that many of these people would be unable to afford or secure financing after the contruction loans end. I can believe that since I just went through the $1M+ loan application process. The level of scrutiny and terms currently in place in the lending market is enough to tank this market. I started a thread about this very subject a couple of weeks ago. Spend $19 for a month of access on Melissadata.com and take a look at the sizes and terms of mortages that were taken out on purchases in the past few years in 92118. It is staggering. Couple that with a slow leak in the bubble pricing and imagine these “owners” trying to pretend it’s just the cool ocean breeze they’re feeling. I’m anxious to buy here and I was recently really tempted but I decided to continue to wait it out.

[eagleeye]

I think there already is some must sell inventory in Coronado. At least there are some very nervous sellers at this point. A friend of mine recently met with her accountant and commented about all of the construction in progress on the island. He pointed out that many of these people would be unable to afford or secure financing after the contruction loans end. I can believe that since I just went through the $1M+ loan application process. The level of scrutiny and terms currently in place in the lending market is enough to tank this market. I started a thread about this very subject a couple of weeks ago. Spend $19 for a month of access on Melissadata.com and take a look at the sizes and terms of mortages that were taken out on purchases in the past few years in 92118. It is staggering. Couple that with a slow leak in the bubble pricing and imagine these “owners” trying to pretend it’s just the cool ocean breeze they’re feeling. I’m anxious to buy here and I was recently really tempted but I decided to continue to wait it out.

[eagleeye]

I think there already is some must sell inventory in Coronado. At least there are some very nervous sellers at this point. A friend of mine recently met with her accountant and commented about all of the construction in progress on the island. He pointed out that many of these people would be unable to afford or secure financing after the contruction loans end. I can believe that since I just went through the $1M+ loan application process. The level of scrutiny and terms currently in place in the lending market is enough to tank this market. I started a thread about this very subject a couple of weeks ago. Spend $19 for a month of access on Melissadata.com and take a look at the sizes and terms of mortages that were taken out on purchases in the past few years in 92118. It is staggering. Couple that with a slow leak in the bubble pricing and imagine these “owners” trying to pretend it’s just the cool ocean breeze they’re feeling. I’m anxious to buy here and I was recently really tempted but I decided to continue to wait it out.

[Author]

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