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justboughtParticipant
thanks arraya, but zillow is no help; i think the neighborhood is too new and don’t show up… does public record show how much people financed?
justboughtParticipantthanks arraya, but zillow is no help; i think the neighborhood is too new and don’t show up… does public record show how much people financed?
justboughtParticipantsdcellar:
Would you be able to us how many homes on arabian crest rd, foxhound way, mustang ridge dr, cherry hill ln, birch hill ln, heather ridge dr, have a “shoddy loan”?
search on foreclosure.com didn’t show up any homes on the above streets, but I know it take ~7 mo after owner stops paying mortgage to get NOD..
justboughtParticipantsdcellar:
Would you be able to us how many homes on arabian crest rd, foxhound way, mustang ridge dr, cherry hill ln, birch hill ln, heather ridge dr, have a “shoddy loan”?
search on foreclosure.com didn’t show up any homes on the above streets, but I know it take ~7 mo after owner stops paying mortgage to get NOD..
justboughtParticipantsdcellar:
Would you be able to us how many homes on arabian crest rd, foxhound way, mustang ridge dr, cherry hill ln, birch hill ln, heather ridge dr, have a “shoddy loan”?
search on foreclosure.com didn’t show up any homes on the above streets, but I know it take ~7 mo after owner stops paying mortgage to get NOD..
justboughtParticipantNo I can’t afford to lose $200K & I am not a CEO. But I can ride out the depreciation and losing 200K on PAPER, and I hope I don’t have cash out on a down market when I get old. Why would someone go to bankruptcy if mortgage manageable? Also, if I have to move to a similar market when home prices are down, I can probably afford a similar home even if I lose money on the current one.
Also, I am NOT suggesting anyone to buy. The guy asked about the community, and I am just giving him my opinion of it, since i have a first-hand experience. Like he said, he can’t even buy (from a phase release) even if he wants to.
justboughtParticipantNo I can’t afford to lose $200K & I am not a CEO. But I can ride out the depreciation and losing 200K on PAPER, and I hope I don’t have cash out on a down market when I get old. Why would someone go to bankruptcy if mortgage manageable? Also, if I have to move to a similar market when home prices are down, I can probably afford a similar home even if I lose money on the current one.
Also, I am NOT suggesting anyone to buy. The guy asked about the community, and I am just giving him my opinion of it, since i have a first-hand experience. Like he said, he can’t even buy (from a phase release) even if he wants to.
justboughtParticipantNo I can’t afford to lose $200K & I am not a CEO. But I can ride out the depreciation and losing 200K on PAPER, and I hope I don’t have cash out on a down market when I get old. Why would someone go to bankruptcy if mortgage manageable? Also, if I have to move to a similar market when home prices are down, I can probably afford a similar home even if I lose money on the current one.
Also, I am NOT suggesting anyone to buy. The guy asked about the community, and I am just giving him my opinion of it, since i have a first-hand experience. Like he said, he can’t even buy (from a phase release) even if he wants to.
justboughtParticipantmy point too. I am guessing that my neighbors make enough money and seem serious about staying, like I am. So I think it’s going to be a stable neighborhood, unlike many that are becoming ghost towns.
justboughtParticipantmy point too. I am guessing that my neighbors make enough money and seem serious about staying, like I am. So I think it’s going to be a stable neighborhood, unlike many that are becoming ghost towns.
justboughtParticipantmy point too. I am guessing that my neighbors make enough money and seem serious about staying, like I am. So I think it’s going to be a stable neighborhood, unlike many that are becoming ghost towns.
justboughtParticipantOf course it would be best if one could buy low and sell high and pocket the change. But for a family with bunch of kids, it might be more important to have the space and stability. Even after selling a house, a family needs a equivalent place to live in; perhaps for rich families, the hassle isn’t worth a few 100K. For singles and couples who smartly bought back in 2000, I agree they should have sold last year and sit on the side line for few years.
justboughtParticipantOf course it would be best if one could buy low and sell high and pocket the change. But for a family with bunch of kids, it might be more important to have the space and stability. Even after selling a house, a family needs a equivalent place to live in; perhaps for rich families, the hassle isn’t worth a few 100K. For singles and couples who smartly bought back in 2000, I agree they should have sold last year and sit on the side line for few years.
justboughtParticipantOf course it would be best if one could buy low and sell high and pocket the change. But for a family with bunch of kids, it might be more important to have the space and stability. Even after selling a house, a family needs a equivalent place to live in; perhaps for rich families, the hassle isn’t worth a few 100K. For singles and couples who smartly bought back in 2000, I agree they should have sold last year and sit on the side line for few years.
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