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kcal09
Participant[quote=SkyRanchOwner]http://www.sdlookup.com/MLS-110029443-5701_Mara_Villa_St_Santee_CA_92071
5701 Mara Villa St. in Sky Ranch closed at $620,000
$185/sf for a 3,352 sf home with 3 car garage[/quote]
Looks like a decent home for a good price. It was bought at the exactly same price back in 4/09 by the previous owner.
Participant[quote=SkyRanchOwner]http://www.sdlookup.com/MLS-110029443-5701_Mara_Villa_St_Santee_CA_92071
5701 Mara Villa St. in Sky Ranch closed at $620,000
$185/sf for a 3,352 sf home with 3 car garage[/quote]
Looks like a decent home for a good price. It was bought at the exactly same price back in 4/09 by the previous owner.
Participant[quote=SD Realtor]I cannot think of any good reason why to throw down alot of cash when money is so cheap today. Most investors including myself are taking advantage of rates to procure property. While an argument can be made for using cash to buy an owner occupied home, (sleeping better at night) I am not so sure that is the case for a rental. To each his own though. I think substantial opportunity will be there for those with cashpiles (that are not eaten away by inflation) when we have high interest rates. Liquidity is something that is of the utmost importance, at least to me in uncertain times like this.[/quote]
Savings accounts are not yielding anything and the stock market is too risky for me. I’m sitting on enough cash to buy an investment property outright without going through the hassles of applying for a mortgage.
Participant[quote=SD Realtor]I cannot think of any good reason why to throw down alot of cash when money is so cheap today. Most investors including myself are taking advantage of rates to procure property. While an argument can be made for using cash to buy an owner occupied home, (sleeping better at night) I am not so sure that is the case for a rental. To each his own though. I think substantial opportunity will be there for those with cashpiles (that are not eaten away by inflation) when we have high interest rates. Liquidity is something that is of the utmost importance, at least to me in uncertain times like this.[/quote]
Savings accounts are not yielding anything and the stock market is too risky for me. I’m sitting on enough cash to buy an investment property outright without going through the hassles of applying for a mortgage.
Participant[quote=SD Realtor]I cannot think of any good reason why to throw down alot of cash when money is so cheap today. Most investors including myself are taking advantage of rates to procure property. While an argument can be made for using cash to buy an owner occupied home, (sleeping better at night) I am not so sure that is the case for a rental. To each his own though. I think substantial opportunity will be there for those with cashpiles (that are not eaten away by inflation) when we have high interest rates. Liquidity is something that is of the utmost importance, at least to me in uncertain times like this.[/quote]
Savings accounts are not yielding anything and the stock market is too risky for me. I’m sitting on enough cash to buy an investment property outright without going through the hassles of applying for a mortgage.
Participant[quote=SD Realtor]I cannot think of any good reason why to throw down alot of cash when money is so cheap today. Most investors including myself are taking advantage of rates to procure property. While an argument can be made for using cash to buy an owner occupied home, (sleeping better at night) I am not so sure that is the case for a rental. To each his own though. I think substantial opportunity will be there for those with cashpiles (that are not eaten away by inflation) when we have high interest rates. Liquidity is something that is of the utmost importance, at least to me in uncertain times like this.[/quote]
Savings accounts are not yielding anything and the stock market is too risky for me. I’m sitting on enough cash to buy an investment property outright without going through the hassles of applying for a mortgage.
Participant[quote=SD Realtor]I cannot think of any good reason why to throw down alot of cash when money is so cheap today. Most investors including myself are taking advantage of rates to procure property. While an argument can be made for using cash to buy an owner occupied home, (sleeping better at night) I am not so sure that is the case for a rental. To each his own though. I think substantial opportunity will be there for those with cashpiles (that are not eaten away by inflation) when we have high interest rates. Liquidity is something that is of the utmost importance, at least to me in uncertain times like this.[/quote]
Savings accounts are not yielding anything and the stock market is too risky for me. I’m sitting on enough cash to buy an investment property outright without going through the hassles of applying for a mortgage.
Participant[quote=SD Realtor]So t sounds like you are basing a projection for a market bottom on the pricing being static in this area for a few months? That could be. However I believe that longer term mortgage rates will have a greater bearing on pricing then most other factors. I think how you plan to finance your purchase should have some bearing on you decision. If you plan to finance it heavily then yes it may be in your better interest to lock in the low rate and static payment in exchange for potential further depreciation. If you are planning on using a higher portion of cash then it may be better to wait.[/quote]
“than” not “then”
Yes, I agree. Long term, interest rates will definitely go up. But I’m planning to use mostly cash and not bother with a mortgage.
Participant[quote=SD Realtor]So t sounds like you are basing a projection for a market bottom on the pricing being static in this area for a few months? That could be. However I believe that longer term mortgage rates will have a greater bearing on pricing then most other factors. I think how you plan to finance your purchase should have some bearing on you decision. If you plan to finance it heavily then yes it may be in your better interest to lock in the low rate and static payment in exchange for potential further depreciation. If you are planning on using a higher portion of cash then it may be better to wait.[/quote]
“than” not “then”
Yes, I agree. Long term, interest rates will definitely go up. But I’m planning to use mostly cash and not bother with a mortgage.
Participant[quote=SD Realtor]So t sounds like you are basing a projection for a market bottom on the pricing being static in this area for a few months? That could be. However I believe that longer term mortgage rates will have a greater bearing on pricing then most other factors. I think how you plan to finance your purchase should have some bearing on you decision. If you plan to finance it heavily then yes it may be in your better interest to lock in the low rate and static payment in exchange for potential further depreciation. If you are planning on using a higher portion of cash then it may be better to wait.[/quote]
“than” not “then”
Yes, I agree. Long term, interest rates will definitely go up. But I’m planning to use mostly cash and not bother with a mortgage.
Participant[quote=SD Realtor]So t sounds like you are basing a projection for a market bottom on the pricing being static in this area for a few months? That could be. However I believe that longer term mortgage rates will have a greater bearing on pricing then most other factors. I think how you plan to finance your purchase should have some bearing on you decision. If you plan to finance it heavily then yes it may be in your better interest to lock in the low rate and static payment in exchange for potential further depreciation. If you are planning on using a higher portion of cash then it may be better to wait.[/quote]
“than” not “then”
Yes, I agree. Long term, interest rates will definitely go up. But I’m planning to use mostly cash and not bother with a mortgage.
Participant[quote=SD Realtor]So t sounds like you are basing a projection for a market bottom on the pricing being static in this area for a few months? That could be. However I believe that longer term mortgage rates will have a greater bearing on pricing then most other factors. I think how you plan to finance your purchase should have some bearing on you decision. If you plan to finance it heavily then yes it may be in your better interest to lock in the low rate and static payment in exchange for potential further depreciation. If you are planning on using a higher portion of cash then it may be better to wait.[/quote]
“than” not “then”
Yes, I agree. Long term, interest rates will definitely go up. But I’m planning to use mostly cash and not bother with a mortgage.
ParticipantI have been watching these condos for several years now and believe that the prices are near bottom. Demand is definitely there, especially for rentals in SR as many military and tech company employees are renting here. I feel that these properties will appreciate over the next 10-15 years which is the period I’m planning to keep the condo.
ParticipantI have been watching these condos for several years now and believe that the prices are near bottom. Demand is definitely there, especially for rentals in SR as many military and tech company employees are renting here. I feel that these properties will appreciate over the next 10-15 years which is the period I’m planning to keep the condo.
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