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Happy renter
ParticipantRight now S&P is 1410 that is 100 or 7.7% increase from the 1st post, Aug 06. S&P has to drop 57% to hit 600. I personally don’t think it will happen by Spring 07. If the housing market is going to crash very badly, the S&P or stock market may drop 20-25% the most temporary. If it really drops, it will bounce back within 6 months to 1 year!
ParticipantI don’t mean to upset other people. It’s only my own opinion.
michael! Generally speaking, Carlsbad has better school & better neighborhood. It’s more expensive than other choices, but it is cheaper than Pasadena. If you want to keep your standard, Carlsbad is more compatible to Pasadena. If you want to down garde, you can consider other choices that are more compatible to Whittier or Norwalk in LA County. It’s your choice. Here is the web page for the API scores of schools in SD:
http://dq.cde.ca.gov/dataquest/APIBase2006/2006Grth_Co.aspx?cYear=2004-05&cSelect=37,SAN,DIEGO
ParticipantChris! “Traffic is not nearly as bad as SD.” I thought traffic in SD is better than Irvine. May be you are comparing with down town SD? I live in N. County Coast where the traffic is better than Irvine and the rent is high also. You seem to like Irvine a lot, but you still want to move to SD. Why would you choose SD over Newport Beach / Orange County? I like Newport Beach a lot, but it is not that afforable and not that convenient right?
IrvineRenter! Irvine Co. only offers apartments right, but I prefer to rent a condo or townhouse. However, the apartments from Irvine Co. seem to be very nice. Is Craigslist the best source for looking rental in Irvine?
Thank you very much both!!!!
Participantchewie83 you are right, they are just part of Escondido by name. They are less expensive by comapring with RSF, but still couple $M price tag. So, houses over there are extremely to sell with “Escondido Name”!
Also, our topic is the whole city of Escondido in general, not a tiny little area.
ParticipantI don’t understand how come the media seems to give a lot of mercy to the subprime borrowers???? They have bad credit and borrow with zero down. They have nothing to lose if their houses are being foreclosed. Some even filipped & cashed out a lot of money from their houses already. Eventally, we (responsible & honest renters) have to pay for some of the loss. These people have already inflated the housing market for us to suffer. It’s like stealing money from us. We have to speak up also and should not let them to take more advantages of us.
Things come around, go around greedy flippers!!!!
Participantsdrealtor, houses in Elfin forest are nice but very expensive (price range is $1- 2.5 Mil). It is a very small area, not at the center of Escondido, but it just belongs to city of Escondido. It is actually near by Enicnitas and Rancho Santa Fe. It does not close to any freeway or stores. Very inconveient location! Houses are very are hard to sell. I have seen some houses are sitting on the market for 1-2 years but still not sold yet! I wouldn’t want to pay couple $M for the ciy of Escondido.
Participantsdrealtor, houses in Elfin forest are nice but very expensive (price range is $1- 2.5 Mil). It is a very small area, not at the center of Escondido, but it just belongs to city of Escondido. It is actually near by Enicnitas and Rancho Santa Fe. It does not close to any freeway or stores. Very inconveient location! Houses are very are hard to sell. I have seen some houses are sitting on the market for 1-2 years but still not sold yet! I wouldn’t want to pay couple $M for the ciy of Escondido.
ParticipantI never lived in Escondido, but I did seriously look for buying house there. Eventally, I decided not to buy over there since it is not very idea place to live and not a good investment for long term either.
The houses are much more afforable, but it is extremely hot in summer. There are some nice houses, but a lot of neighborhoods are bad. The schools are not that great. Only one school is condsidered good in whole Escondido. Most of them have very bad scores.
I used to live LA also michael! Carlsbad is the best and San Marcos is OK. I would not condsider Oceanside or Vista, but it depends on you individiual needs. If you tell me which part of LA do you live and what is your priority, I can have a better idea for you.
ParticipantSD Realtor, I am definitely renting rather than buying either in SD or Irvine now. I only would like to know if Irvine is a better place for me to live.
Thank you!
ParticipantThank you for the web ucodegen!
Yes bigmoneysalsa! How do you like it by comparing with UTC? Like the overall environment, people, traffic and school if you have kid. Does Irivne have any bad area? I like newer and nice area. Which parts or which communities are good for me?
Thank you!
ParticipantLittle Lady! I had bad experience for selling my house since the buyer lied. My agent did not do his job to check and verify the seller. I counted on my agent since I paid him commission. But the reality is that most agents don’t do their jobs, some even lied also in order to get their commissions.
May be you have a very good agent? My advice: Have your agent to confirm the source of fund/ down payment, credit & income. During the house bubble, everybody can get the loans. But not anymore!!!!
Good Luck!
March 17, 2007 at 12:39 PM in reply to: In California, Perris is at the epicenter of mortgage problems. #47895ParticipantThank you lindismith! Very nice tool to find out the foreclosure rate and ranking by county & zip code. I found that the bad / poor areas have the highest foreclousre rates. But I am sure it will spread over to nicer areas also.
ParticipantIf you can sell your house now before it goes down (We all assume), you are very lucky! But you have to be careful since he does not seem to be a strong buyer.
1. 3K down is only 1% down. I think the new regulation is 5% down min.
2. 4.4% interest rate is unbelievable.
Anyway, you are going to rent, so you would not have too much pressure.
Good Luck!
ParticipantMay I know the price for the accepted offer and in what area? How come the interest rate is so low, 4.4%? How much down does he put?
Thanks
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