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November 18, 2007 at 9:40 AM in reply to: DON’T BE SHY! SELLER WILL ENTERTAIN OFFERS BETWEEN $319,000 AND $404,000. #100833November 18, 2007 at 9:40 AM in reply to: DON’T BE SHY! SELLER WILL ENTERTAIN OFFERS BETWEEN $319,000 AND $404,000. #100835
kev374
Participantmedian home prices are usually 2-3 times median income. In case of SoCal I believe it is around 3.
November 17, 2007 at 3:05 PM in reply to: DON’T BE SHY! SELLER WILL ENTERTAIN OFFERS BETWEEN $319,000 AND $404,000. #100510Participantwhy would I pay even $319k to live in a house that is completely cut off from LA or OC. To get out of there what are my options… via the 15N, 91W it’s 55 miles just to get to Yorba Linda. Ridiculous! If there was some sort of highspeed train, every 15 minutes that would take me to where I want to go then paying $319k may be something to think about, otherwise all these homes are worth nothing!
I have friend who bought a house in Temecula 2 yrs ago, now he admits that it is the worst mistake he made because to get to work is almost an impossibly long commute for him.
November 17, 2007 at 3:05 PM in reply to: DON’T BE SHY! SELLER WILL ENTERTAIN OFFERS BETWEEN $319,000 AND $404,000. #100592Participantwhy would I pay even $319k to live in a house that is completely cut off from LA or OC. To get out of there what are my options… via the 15N, 91W it’s 55 miles just to get to Yorba Linda. Ridiculous! If there was some sort of highspeed train, every 15 minutes that would take me to where I want to go then paying $319k may be something to think about, otherwise all these homes are worth nothing!
I have friend who bought a house in Temecula 2 yrs ago, now he admits that it is the worst mistake he made because to get to work is almost an impossibly long commute for him.
November 17, 2007 at 3:05 PM in reply to: DON’T BE SHY! SELLER WILL ENTERTAIN OFFERS BETWEEN $319,000 AND $404,000. #100608Participantwhy would I pay even $319k to live in a house that is completely cut off from LA or OC. To get out of there what are my options… via the 15N, 91W it’s 55 miles just to get to Yorba Linda. Ridiculous! If there was some sort of highspeed train, every 15 minutes that would take me to where I want to go then paying $319k may be something to think about, otherwise all these homes are worth nothing!
I have friend who bought a house in Temecula 2 yrs ago, now he admits that it is the worst mistake he made because to get to work is almost an impossibly long commute for him.
November 17, 2007 at 3:05 PM in reply to: DON’T BE SHY! SELLER WILL ENTERTAIN OFFERS BETWEEN $319,000 AND $404,000. #100622Participantwhy would I pay even $319k to live in a house that is completely cut off from LA or OC. To get out of there what are my options… via the 15N, 91W it’s 55 miles just to get to Yorba Linda. Ridiculous! If there was some sort of highspeed train, every 15 minutes that would take me to where I want to go then paying $319k may be something to think about, otherwise all these homes are worth nothing!
I have friend who bought a house in Temecula 2 yrs ago, now he admits that it is the worst mistake he made because to get to work is almost an impossibly long commute for him.
November 17, 2007 at 3:05 PM in reply to: DON’T BE SHY! SELLER WILL ENTERTAIN OFFERS BETWEEN $319,000 AND $404,000. #100625Participantwhy would I pay even $319k to live in a house that is completely cut off from LA or OC. To get out of there what are my options… via the 15N, 91W it’s 55 miles just to get to Yorba Linda. Ridiculous! If there was some sort of highspeed train, every 15 minutes that would take me to where I want to go then paying $319k may be something to think about, otherwise all these homes are worth nothing!
I have friend who bought a house in Temecula 2 yrs ago, now he admits that it is the worst mistake he made because to get to work is almost an impossibly long commute for him.
November 16, 2007 at 4:57 PM in reply to: A Chronological Listing of News Headlines from the Last Housing Bubble #100311ParticipantAs the Bard of Avon said “All that is Past is Prologue”
November 16, 2007 at 4:57 PM in reply to: A Chronological Listing of News Headlines from the Last Housing Bubble #100391ParticipantAs the Bard of Avon said “All that is Past is Prologue”
November 16, 2007 at 4:57 PM in reply to: A Chronological Listing of News Headlines from the Last Housing Bubble #100408ParticipantAs the Bard of Avon said “All that is Past is Prologue”
November 16, 2007 at 4:57 PM in reply to: A Chronological Listing of News Headlines from the Last Housing Bubble #100422ParticipantAs the Bard of Avon said “All that is Past is Prologue”
November 16, 2007 at 4:57 PM in reply to: A Chronological Listing of News Headlines from the Last Housing Bubble #100424ParticipantAs the Bard of Avon said “All that is Past is Prologue”
November 16, 2007 at 2:30 PM in reply to: Why would someone sell at a loss instead of just walking away? #100346ParticipantThree letters – IRS.
If it’s a recourse debt then I believe it creates tax liability for the amount of loss charged off by the lender. And IRS will garnish your wages and freeze your bank accounts and whereever you try to flee they will find you and collect what you owe them by force.
So they may be trying to limit the losses rather than let it foreclose and the bank selling it for next to nothing.
November 16, 2007 at 2:30 PM in reply to: Why would someone sell at a loss instead of just walking away? #100363ParticipantThree letters – IRS.
If it’s a recourse debt then I believe it creates tax liability for the amount of loss charged off by the lender. And IRS will garnish your wages and freeze your bank accounts and whereever you try to flee they will find you and collect what you owe them by force.
So they may be trying to limit the losses rather than let it foreclose and the bank selling it for next to nothing.
November 16, 2007 at 2:30 PM in reply to: Why would someone sell at a loss instead of just walking away? #100377ParticipantThree letters – IRS.
If it’s a recourse debt then I believe it creates tax liability for the amount of loss charged off by the lender. And IRS will garnish your wages and freeze your bank accounts and whereever you try to flee they will find you and collect what you owe them by force.
So they may be trying to limit the losses rather than let it foreclose and the bank selling it for next to nothing.
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