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(former)FormerSanDiegan
Participant… and they won’t show you the inside but how bad can it be?
Well, they could have stripped all the copper plumbing out of the walls, removed every light fixture and stripped wiring to sell for scrap, they could have poured concrete mix into the plumbing and covered every remaining surface with human feces. That’s all I can think of off the top of my head based on other examples of foreclosures I’ve seen documented.
Participant… and they won’t show you the inside but how bad can it be?
Well, they could have stripped all the copper plumbing out of the walls, removed every light fixture and stripped wiring to sell for scrap, they could have poured concrete mix into the plumbing and covered every remaining surface with human feces. That’s all I can think of off the top of my head based on other examples of foreclosures I’ve seen documented.
Participant… and they won’t show you the inside but how bad can it be?
Well, they could have stripped all the copper plumbing out of the walls, removed every light fixture and stripped wiring to sell for scrap, they could have poured concrete mix into the plumbing and covered every remaining surface with human feces. That’s all I can think of off the top of my head based on other examples of foreclosures I’ve seen documented.
Participant… and they won’t show you the inside but how bad can it be?
Well, they could have stripped all the copper plumbing out of the walls, removed every light fixture and stripped wiring to sell for scrap, they could have poured concrete mix into the plumbing and covered every remaining surface with human feces. That’s all I can think of off the top of my head based on other examples of foreclosures I’ve seen documented.
ParticipantIn terms of pricing it appears to that LA has started a fairly steep decline in prices (according to the median anyway) starting about August 2007. I think LA is about 1 year behind the San Diego market. This year may be the steepest declines of the current down-cycle in LA as I believe 2007 was for San Diego. We’ll see.
An example of LA median price history …
http://bp2.blogger.com/_EnQkWGlwm7M/R7PF2q1nXgI/AAAAAAAAAfw/3KXSs4_2eOI/s1600-h/dqjansc.gif
fromParticipantIn terms of pricing it appears to that LA has started a fairly steep decline in prices (according to the median anyway) starting about August 2007. I think LA is about 1 year behind the San Diego market. This year may be the steepest declines of the current down-cycle in LA as I believe 2007 was for San Diego. We’ll see.
An example of LA median price history …
http://bp2.blogger.com/_EnQkWGlwm7M/R7PF2q1nXgI/AAAAAAAAAfw/3KXSs4_2eOI/s1600-h/dqjansc.gif
fromParticipantIn terms of pricing it appears to that LA has started a fairly steep decline in prices (according to the median anyway) starting about August 2007. I think LA is about 1 year behind the San Diego market. This year may be the steepest declines of the current down-cycle in LA as I believe 2007 was for San Diego. We’ll see.
An example of LA median price history …
http://bp2.blogger.com/_EnQkWGlwm7M/R7PF2q1nXgI/AAAAAAAAAfw/3KXSs4_2eOI/s1600-h/dqjansc.gif
fromParticipantIn terms of pricing it appears to that LA has started a fairly steep decline in prices (according to the median anyway) starting about August 2007. I think LA is about 1 year behind the San Diego market. This year may be the steepest declines of the current down-cycle in LA as I believe 2007 was for San Diego. We’ll see.
An example of LA median price history …
http://bp2.blogger.com/_EnQkWGlwm7M/R7PF2q1nXgI/AAAAAAAAAfw/3KXSs4_2eOI/s1600-h/dqjansc.gif
fromParticipantIn terms of pricing it appears to that LA has started a fairly steep decline in prices (according to the median anyway) starting about August 2007. I think LA is about 1 year behind the San Diego market. This year may be the steepest declines of the current down-cycle in LA as I believe 2007 was for San Diego. We’ll see.
An example of LA median price history …
http://bp2.blogger.com/_EnQkWGlwm7M/R7PF2q1nXgI/AAAAAAAAAfw/3KXSs4_2eOI/s1600-h/dqjansc.gif
fromParticipantI agree 3x your income may be too high for many, depending on your circumstances and other debts. For example, a young professional or newly minted medical doctor may have a significant chunk of debt in terms of student loans. Young parents may be saddled with alot of expenses related to raising small children, etc. Likewise if you have significantly higher income/assets later in life you may be able to handle more housing debt relative to your income.
For first-time buyers I would assume most could handle somewhere in the range of 38-38% of their income towards the combination of debt and housing PITI.ParticipantI agree 3x your income may be too high for many, depending on your circumstances and other debts. For example, a young professional or newly minted medical doctor may have a significant chunk of debt in terms of student loans. Young parents may be saddled with alot of expenses related to raising small children, etc. Likewise if you have significantly higher income/assets later in life you may be able to handle more housing debt relative to your income.
For first-time buyers I would assume most could handle somewhere in the range of 38-38% of their income towards the combination of debt and housing PITI.ParticipantI agree 3x your income may be too high for many, depending on your circumstances and other debts. For example, a young professional or newly minted medical doctor may have a significant chunk of debt in terms of student loans. Young parents may be saddled with alot of expenses related to raising small children, etc. Likewise if you have significantly higher income/assets later in life you may be able to handle more housing debt relative to your income.
For first-time buyers I would assume most could handle somewhere in the range of 38-38% of their income towards the combination of debt and housing PITI.ParticipantI agree 3x your income may be too high for many, depending on your circumstances and other debts. For example, a young professional or newly minted medical doctor may have a significant chunk of debt in terms of student loans. Young parents may be saddled with alot of expenses related to raising small children, etc. Likewise if you have significantly higher income/assets later in life you may be able to handle more housing debt relative to your income.
For first-time buyers I would assume most could handle somewhere in the range of 38-38% of their income towards the combination of debt and housing PITI.ParticipantI agree 3x your income may be too high for many, depending on your circumstances and other debts. For example, a young professional or newly minted medical doctor may have a significant chunk of debt in terms of student loans. Young parents may be saddled with alot of expenses related to raising small children, etc. Likewise if you have significantly higher income/assets later in life you may be able to handle more housing debt relative to your income.
For first-time buyers I would assume most could handle somewhere in the range of 38-38% of their income towards the combination of debt and housing PITI. -
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