[eclipxe]

Want more data?

Comparable rents. I can cash flow with all impounds and <20% equity. If I were to liquidate my savings and go in at 20% equity I'd eliminate my MI and cashflow at > $500/mo including all impounds, reserves, etc.

That isn’t including the tax break, principle payment.

I’m not a sophisticated investor, nor am I looking to become a landlord but based on the fundamentals of median home price vs median income, rents vs home prices, cheaper to rent, etc I feel that the market is in a place where it makes sense to own if you can tolerate a small downside risk (5% or so).

[eclipxe]

Want more data?

Comparable rents. I can cash flow with all impounds and <20% equity. If I were to liquidate my savings and go in at 20% equity I'd eliminate my MI and cashflow at > $500/mo including all impounds, reserves, etc.

That isn’t including the tax break, principle payment.

I’m not a sophisticated investor, nor am I looking to become a landlord but based on the fundamentals of median home price vs median income, rents vs home prices, cheaper to rent, etc I feel that the market is in a place where it makes sense to own if you can tolerate a small downside risk (5% or so).

[eclipxe]

Want more data?

Comparable rents. I can cash flow with all impounds and <20% equity. If I were to liquidate my savings and go in at 20% equity I'd eliminate my MI and cashflow at > $500/mo including all impounds, reserves, etc.

That isn’t including the tax break, principle payment.

I’m not a sophisticated investor, nor am I looking to become a landlord but based on the fundamentals of median home price vs median income, rents vs home prices, cheaper to rent, etc I feel that the market is in a place where it makes sense to own if you can tolerate a small downside risk (5% or so).

[eclipxe]

Want more data?

Comparable rents. I can cash flow with all impounds and <20% equity. If I were to liquidate my savings and go in at 20% equity I'd eliminate my MI and cashflow at > $500/mo including all impounds, reserves, etc.

That isn’t including the tax break, principle payment.

I’m not a sophisticated investor, nor am I looking to become a landlord but based on the fundamentals of median home price vs median income, rents vs home prices, cheaper to rent, etc I feel that the market is in a place where it makes sense to own if you can tolerate a small downside risk (5% or so).

[eclipxe]

Want more data?

Comparable rents. I can cash flow with all impounds and <20% equity. If I were to liquidate my savings and go in at 20% equity I'd eliminate my MI and cashflow at > $500/mo including all impounds, reserves, etc.

That isn’t including the tax break, principle payment.

I’m not a sophisticated investor, nor am I looking to become a landlord but based on the fundamentals of median home price vs median income, rents vs home prices, cheaper to rent, etc I feel that the market is in a place where it makes sense to own if you can tolerate a small downside risk (5% or so).

[eclipxe]

Nothing to hide.

Does that image scare you? I’m in the midst of that “horrendous” picture but I’m telling you, life is grand here. As homes get listed, the decent ones that are priced right are snatched up quickly.

Wanna see something funny:

The cluster of Bank Owned homes where there is nothing but dirt? Yeah “shadow inventory”. Lots that won’t be developed for a while. Take those out of the equation. In my own tract on that map, I’ve driven by and looked at several of the homes listed as Bank Owned and several are occupied.
Pre-foreclosure? Okay sure. I call them “Pre-bailed out”.

Maybe it’s all those squatters (they sure do take care of the lawns though!)

[eclipxe]

Nothing to hide.

Does that image scare you? I’m in the midst of that “horrendous” picture but I’m telling you, life is grand here. As homes get listed, the decent ones that are priced right are snatched up quickly.

Wanna see something funny:

The cluster of Bank Owned homes where there is nothing but dirt? Yeah “shadow inventory”. Lots that won’t be developed for a while. Take those out of the equation. In my own tract on that map, I’ve driven by and looked at several of the homes listed as Bank Owned and several are occupied.
Pre-foreclosure? Okay sure. I call them “Pre-bailed out”.

Maybe it’s all those squatters (they sure do take care of the lawns though!)

[eclipxe]

Nothing to hide.

Does that image scare you? I’m in the midst of that “horrendous” picture but I’m telling you, life is grand here. As homes get listed, the decent ones that are priced right are snatched up quickly.

Wanna see something funny:

The cluster of Bank Owned homes where there is nothing but dirt? Yeah “shadow inventory”. Lots that won’t be developed for a while. Take those out of the equation. In my own tract on that map, I’ve driven by and looked at several of the homes listed as Bank Owned and several are occupied.
Pre-foreclosure? Okay sure. I call them “Pre-bailed out”.

Maybe it’s all those squatters (they sure do take care of the lawns though!)

[eclipxe]

Nothing to hide.

Does that image scare you? I’m in the midst of that “horrendous” picture but I’m telling you, life is grand here. As homes get listed, the decent ones that are priced right are snatched up quickly.

Wanna see something funny:

The cluster of Bank Owned homes where there is nothing but dirt? Yeah “shadow inventory”. Lots that won’t be developed for a while. Take those out of the equation. In my own tract on that map, I’ve driven by and looked at several of the homes listed as Bank Owned and several are occupied.
Pre-foreclosure? Okay sure. I call them “Pre-bailed out”.

Maybe it’s all those squatters (they sure do take care of the lawns though!)

[eclipxe]

Nothing to hide.

Does that image scare you? I’m in the midst of that “horrendous” picture but I’m telling you, life is grand here. As homes get listed, the decent ones that are priced right are snatched up quickly.

Wanna see something funny:

The cluster of Bank Owned homes where there is nothing but dirt? Yeah “shadow inventory”. Lots that won’t be developed for a while. Take those out of the equation. In my own tract on that map, I’ve driven by and looked at several of the homes listed as Bank Owned and several are occupied.
Pre-foreclosure? Okay sure. I call them “Pre-bailed out”.

Maybe it’s all those squatters (they sure do take care of the lawns though!)

[eclipxe]

Good observation, we shall see what impact the increased inventory has on prices. I haven’t seen anything come online in my neck of the woods but I’ll keep an eye open.

I do disagree about your classification about the market, at least in Temecula. We’ve seen steady market activity even through the moratoriums and even when rates were in the high 6 range. Will we see double digit interest rates? Maybe, but not anytime soon…(http://www.theglobeandmail.com/servlet/story/LAC.20090429.RFED29ART1941/TPStory/Business)

You say “once the deals end” but as it stands now (and has been for many years before the bubble), Temecula is always a deal. Housing costs in line with median incomes, cheaper than renting. Those are indicators of a normal market. In normal times Temecula is always a “deal” because of the location factor. Will that change? Sure, as we approach build-out and once there is business growth locally then I fully expect prices to rise modestly. But that won’t happen for a *long* while…

[eclipxe]

Good observation, we shall see what impact the increased inventory has on prices. I haven’t seen anything come online in my neck of the woods but I’ll keep an eye open.

I do disagree about your classification about the market, at least in Temecula. We’ve seen steady market activity even through the moratoriums and even when rates were in the high 6 range. Will we see double digit interest rates? Maybe, but not anytime soon…(http://www.theglobeandmail.com/servlet/story/LAC.20090429.RFED29ART1941/TPStory/Business)

You say “once the deals end” but as it stands now (and has been for many years before the bubble), Temecula is always a deal. Housing costs in line with median incomes, cheaper than renting. Those are indicators of a normal market. In normal times Temecula is always a “deal” because of the location factor. Will that change? Sure, as we approach build-out and once there is business growth locally then I fully expect prices to rise modestly. But that won’t happen for a *long* while…

[eclipxe]

Good observation, we shall see what impact the increased inventory has on prices. I haven’t seen anything come online in my neck of the woods but I’ll keep an eye open.

I do disagree about your classification about the market, at least in Temecula. We’ve seen steady market activity even through the moratoriums and even when rates were in the high 6 range. Will we see double digit interest rates? Maybe, but not anytime soon…(http://www.theglobeandmail.com/servlet/story/LAC.20090429.RFED29ART1941/TPStory/Business)

You say “once the deals end” but as it stands now (and has been for many years before the bubble), Temecula is always a deal. Housing costs in line with median incomes, cheaper than renting. Those are indicators of a normal market. In normal times Temecula is always a “deal” because of the location factor. Will that change? Sure, as we approach build-out and once there is business growth locally then I fully expect prices to rise modestly. But that won’t happen for a *long* while…

[eclipxe]

Good observation, we shall see what impact the increased inventory has on prices. I haven’t seen anything come online in my neck of the woods but I’ll keep an eye open.

I do disagree about your classification about the market, at least in Temecula. We’ve seen steady market activity even through the moratoriums and even when rates were in the high 6 range. Will we see double digit interest rates? Maybe, but not anytime soon…(http://www.theglobeandmail.com/servlet/story/LAC.20090429.RFED29ART1941/TPStory/Business)

You say “once the deals end” but as it stands now (and has been for many years before the bubble), Temecula is always a deal. Housing costs in line with median incomes, cheaper than renting. Those are indicators of a normal market. In normal times Temecula is always a “deal” because of the location factor. Will that change? Sure, as we approach build-out and once there is business growth locally then I fully expect prices to rise modestly. But that won’t happen for a *long* while…

[eclipxe]

Good observation, we shall see what impact the increased inventory has on prices. I haven’t seen anything come online in my neck of the woods but I’ll keep an eye open.

I do disagree about your classification about the market, at least in Temecula. We’ve seen steady market activity even through the moratoriums and even when rates were in the high 6 range. Will we see double digit interest rates? Maybe, but not anytime soon…(http://www.theglobeandmail.com/servlet/story/LAC.20090429.RFED29ART1941/TPStory/Business)

You say “once the deals end” but as it stands now (and has been for many years before the bubble), Temecula is always a deal. Housing costs in line with median incomes, cheaper than renting. Those are indicators of a normal market. In normal times Temecula is always a “deal” because of the location factor. Will that change? Sure, as we approach build-out and once there is business growth locally then I fully expect prices to rise modestly. But that won’t happen for a *long* while…

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