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GoUSC
ParticipantThis is for a place for me to live. I rent a house down the street on Baker. I am VERY hesitant to buy a house right now but it might make sense at $400k
Based on foreclosure.com it is in “pre-foreclosure” Whatever that means. I will use the tour on Saturday to feel the broker out and get a better idea. I won’t be using a broker on my side so that might help with the pricing.
ParticipantThis is for a place for me to live. I rent a house down the street on Baker. I am VERY hesitant to buy a house right now but it might make sense at $400k
Based on foreclosure.com it is in “pre-foreclosure” Whatever that means. I will use the tour on Saturday to feel the broker out and get a better idea. I won’t be using a broker on my side so that might help with the pricing.
ParticipantThe borders of Clairemont and Bay Ho aren’t really set. So call it Clairemont then. I took a look at the aerial and here it is.
Live Search Maps
http://maps.live.com/default.aspx?v=2&cp=pfzy6j56zzdc&style=o&lvl=1&tilt=-90&dir=0&alt=-1000&scene=6218663&encType=1It’s the house just to the left of the boat on the corner. I plug the house into my handy dandy NPV calculator that I created to decide whether to buy a house or not and using a yearly appreciation of 3% it makes sense to buy this house at $450k and hold for 10 years. Make no doubt, if I make an offer it will be a truly low ball offer. I don’t care if they accept or not. Making a house purchase is 100% a financial decision to me. Gotta make dollars & sense.
ParticipantThe borders of Clairemont and Bay Ho aren’t really set. So call it Clairemont then. I took a look at the aerial and here it is.
Live Search Maps
http://maps.live.com/default.aspx?v=2&cp=pfzy6j56zzdc&style=o&lvl=1&tilt=-90&dir=0&alt=-1000&scene=6218663&encType=1It’s the house just to the left of the boat on the corner. I plug the house into my handy dandy NPV calculator that I created to decide whether to buy a house or not and using a yearly appreciation of 3% it makes sense to buy this house at $450k and hold for 10 years. Make no doubt, if I make an offer it will be a truly low ball offer. I don’t care if they accept or not. Making a house purchase is 100% a financial decision to me. Gotta make dollars & sense.
June 21, 2007 at 4:14 PM in reply to: Bank of America’s Lewis Says U.S. Housing Slump Is Almost Over #61155ParticipantIt is amazing to me how much bull$*(# get’s spewed by the supposed people “in the know”. Amazing. They make statements and provide nothing factual to back them up.
June 21, 2007 at 4:14 PM in reply to: Bank of America’s Lewis Says U.S. Housing Slump Is Almost Over #61192ParticipantIt is amazing to me how much bull$*(# get’s spewed by the supposed people “in the know”. Amazing. They make statements and provide nothing factual to back them up.
ParticipantCalled the broker..indeed is a short sale and the house is in foreclosure. Going to look at is on Saturday. I am thinking why not make a low ball offer provided the location is nice. Thoughts?
ParticipantCalled the broker..indeed is a short sale and the house is in foreclosure. Going to look at is on Saturday. I am thinking why not make a low ball offer provided the location is nice. Thoughts?
ParticipantShould be 3211 Fontana. I believe the seller is in pre-foreclosure as well.
ParticipantShould be 3211 Fontana. I believe the seller is in pre-foreclosure as well.
ParticipantI am a buyer…Similar situation. Will put 30-40% down, traditional 30 year (maybe 15 year). I am “looking” but have no intention of buying anything unless I see something selling for what I see as “land value”. No rush on my part, rent a house in Bay Park and love it. Only issue is that the owner of my house bought it for $700k in ’05 and put another $50k in to it for a haphazard remodel (fine for renting but not buying). The house is 2000sf and wouldn’t sell for $600k today. He put 95% down so I am worried he might default or jack my rent up through the roof.
ParticipantI am a buyer…Similar situation. Will put 30-40% down, traditional 30 year (maybe 15 year). I am “looking” but have no intention of buying anything unless I see something selling for what I see as “land value”. No rush on my part, rent a house in Bay Park and love it. Only issue is that the owner of my house bought it for $700k in ’05 and put another $50k in to it for a haphazard remodel (fine for renting but not buying). The house is 2000sf and wouldn’t sell for $600k today. He put 95% down so I am worried he might default or jack my rent up through the roof.
ParticipantI am not going to comment on the current debate among people on this thread but I will go back to the fundamentals and ask that someone explain how home prices can stay at the prices they are now based on:
1. Increasing Personal Debt
2. Tighter Lending Standards
3. Stagnant Wages
4. 5%-10% Housing Affordability In San Diego
5. Job Stagnation In San DiegoFor me to believe the housing market is going to stay stable or flatten or go up, I want explanations as to why that will happen in the face of all fundamentals.
I am a bear, I won’t hide it, but I am willing 100% to look at the other side if you talk fundamentals and explain to me why you think bullish on the market going forward.
ParticipantI am not going to comment on the current debate among people on this thread but I will go back to the fundamentals and ask that someone explain how home prices can stay at the prices they are now based on:
1. Increasing Personal Debt
2. Tighter Lending Standards
3. Stagnant Wages
4. 5%-10% Housing Affordability In San Diego
5. Job Stagnation In San DiegoFor me to believe the housing market is going to stay stable or flatten or go up, I want explanations as to why that will happen in the face of all fundamentals.
I am a bear, I won’t hide it, but I am willing 100% to look at the other side if you talk fundamentals and explain to me why you think bullish on the market going forward.
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