[fromnj]

If someone has the right mind, the one will not buy this house to live.

As mentioned that this house is under the high voltage power line, but also just in front of the high tension tower. You can hear the nose from the power line just above.
While I have been jogging in this area, I have seen for-sale sign on this house for quite long time.

This particular location is at cal de sac, but they should not have built the houses at the beginning.

[fromnj]

Dear SD Realtor

Thanks for posting. Great info!

I have noticed the same thing. The great property is very difficult to find and it sells very quickly too. I found two good looking houses [with good location] in 92129, but they went to escrow right away in past few months. I have been trying to convince my wife to wait for another year or so for a past few months because existing houses are still very expensive and also not mnay good looking houses avaialale yet.

[fromnj]

Dear SD Realtor

Thanks for posting. Great info!

I have noticed the same thing. The great property is very difficult to find and it sells very quickly too. I found two good looking houses [with good location] in 92129, but they went to escrow right away in past few months. I have been trying to convince my wife to wait for another year or so for a past few months because existing houses are still very expensive and also not mnay good looking houses avaialale yet.

[fromnj]

Dear SD Realtor

Thanks for posting. Great info!

I have noticed the same thing. The great property is very difficult to find and it sells very quickly too. I found two good looking houses [with good location] in 92129, but they went to escrow right away in past few months. I have been trying to convince my wife to wait for another year or so for a past few months because existing houses are still very expensive and also not mnay good looking houses avaialale yet.

[fromnj]

March 2006 WSJ article regarding ARM reset. Could someone post full article?

FREE PREVIEW
Millions Are Facing Monthly Squeeze On House Payments
By James R. Hagerty
Word Count: 1,556 | Companies Featured in This Article: Wells Fargo

Millions of Americans who stretched themselves financially to buy homes face a painful adjustment — some could even lose their houses — as monthly payments on adjustable-rate mortgages are reset higher.

In the hot housing market of recent years, many households took advantage of “affordability” mortgage loans — heavily promoted by lenders — that hold down payments for an initial period. Now the initial periods are coming to an end on many of these loans, leaving borrowers to face resets of their interest rates that can cause monthly payments to shoot up between 10% and 50%.

More than $2 trillion …

[fromnj]

March 2006 WSJ article regarding ARM reset. Could someone post full article?

FREE PREVIEW
Millions Are Facing Monthly Squeeze On House Payments
By James R. Hagerty
Word Count: 1,556 | Companies Featured in This Article: Wells Fargo

Millions of Americans who stretched themselves financially to buy homes face a painful adjustment — some could even lose their houses — as monthly payments on adjustable-rate mortgages are reset higher.

In the hot housing market of recent years, many households took advantage of “affordability” mortgage loans — heavily promoted by lenders — that hold down payments for an initial period. Now the initial periods are coming to an end on many of these loans, leaving borrowers to face resets of their interest rates that can cause monthly payments to shoot up between 10% and 50%.

More than $2 trillion …

[fromnj]

March 2006 WSJ article regarding ARM reset. Could someone post full article?

FREE PREVIEW
Millions Are Facing Monthly Squeeze On House Payments
By James R. Hagerty
Word Count: 1,556 | Companies Featured in This Article: Wells Fargo

Millions of Americans who stretched themselves financially to buy homes face a painful adjustment — some could even lose their houses — as monthly payments on adjustable-rate mortgages are reset higher.

In the hot housing market of recent years, many households took advantage of “affordability” mortgage loans — heavily promoted by lenders — that hold down payments for an initial period. Now the initial periods are coming to an end on many of these loans, leaving borrowers to face resets of their interest rates that can cause monthly payments to shoot up between 10% and 50%.

More than $2 trillion …

[fromnj]

Hi Navydoc

I have been watching the market in 92127, 92129 zip codes for about past 6 months, and the inventory increased quite a lot, but failed to see any significant price reduction yet. I am still wondering when I can actually see the real price reduction (20-40%) that many people are talking about in this blog. I want to see 40% price reduction personally, but it looks like very unrealistic in short term.

I agree that there are too many million dollar homes, and they do not look like a million dollar home at all.

[fromnj]

Hi Navydoc

I have been watching the market in 92127, 92129 zip codes for about past 6 months, and the inventory increased quite a lot, but failed to see any significant price reduction yet. I am still wondering when I can actually see the real price reduction (20-40%) that many people are talking about in this blog. I want to see 40% price reduction personally, but it looks like very unrealistic in short term.

I agree that there are too many million dollar homes, and they do not look like a million dollar home at all.

[fromnj]

Hi Navydoc

I have been watching the market in 92127, 92129 zip codes for about past 6 months, and the inventory increased quite a lot, but failed to see any significant price reduction yet. I am still wondering when I can actually see the real price reduction (20-40%) that many people are talking about in this blog. I want to see 40% price reduction personally, but it looks like very unrealistic in short term.

I agree that there are too many million dollar homes, and they do not look like a million dollar home at all.

[fromnj]

Could someone explain what this mean too?
I googled to the debt to capital ratio, but I could not understand what is good/bad. Is there any benchmark published somewhere?

The following link is the news about standard pacific with credit concerns related to beazer.

http://www.bloomberg.com/apps/news?pid=20601084&sid=aS88209VvFQ8&refer=stocks#

[fromnj]

Could someone explain what this mean too?
I googled to the debt to capital ratio, but I could not understand what is good/bad. Is there any benchmark published somewhere?

The following link is the news about standard pacific with credit concerns related to beazer.

http://www.bloomberg.com/apps/news?pid=20601084&sid=aS88209VvFQ8&refer=stocks#

[fromnj]

Could someone explain what this mean too?
I googled to the debt to capital ratio, but I could not understand what is good/bad. Is there any benchmark published somewhere?

The following link is the news about standard pacific with credit concerns related to beazer.

http://www.bloomberg.com/apps/news?pid=20601084&sid=aS88209VvFQ8&refer=stocks#

[fromnj]

Thanks HLS

Regarding the fees, I need to ask my wife. I have no clue.

Anyway, we are planning to buy a house by next spring or so. I told my wife the other day if she can wait for another year and she did not like the idea at all. So, we are currently investigating the plan.

We will definitely contact you when we decide our action, but please give us some more time.

If you have a website like SD Realtor, could you post it here? I can bookmark your website, then contact you whenever I need your help.

[fromnj]

Thanks HLS

Regarding the fees, I need to ask my wife. I have no clue.

Anyway, we are planning to buy a house by next spring or so. I told my wife the other day if she can wait for another year and she did not like the idea at all. So, we are currently investigating the plan.

We will definitely contact you when we decide our action, but please give us some more time.

If you have a website like SD Realtor, could you post it here? I can bookmark your website, then contact you whenever I need your help.

[Author]

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