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meadandale
Participant“Hemet, redux”
I hear that.
I remember when I used to drive up and down the 15 for work in the early 90’s and saw signs every mile from temecula north to corona for brand new 4 and 5 bedroom houses starting in the mid to high 100’s.
Just like Temecula and the rest of the IE still has a way to fall, I think that areas like vacaville, stockton and modesto that served as the bedroom communities for the bay area, while down significantly from peak, still have a ways to go.
My gut feeling is that you are going to see these former farmland mcmansions in the 300’s in the next few years, especially with gas having more than doubled since the start of the boom and heading nowhere but up in the near term.
Participant“Hemet, redux”
I hear that.
I remember when I used to drive up and down the 15 for work in the early 90’s and saw signs every mile from temecula north to corona for brand new 4 and 5 bedroom houses starting in the mid to high 100’s.
Just like Temecula and the rest of the IE still has a way to fall, I think that areas like vacaville, stockton and modesto that served as the bedroom communities for the bay area, while down significantly from peak, still have a ways to go.
My gut feeling is that you are going to see these former farmland mcmansions in the 300’s in the next few years, especially with gas having more than doubled since the start of the boom and heading nowhere but up in the near term.
Participant“Hemet, redux”
I hear that.
I remember when I used to drive up and down the 15 for work in the early 90’s and saw signs every mile from temecula north to corona for brand new 4 and 5 bedroom houses starting in the mid to high 100’s.
Just like Temecula and the rest of the IE still has a way to fall, I think that areas like vacaville, stockton and modesto that served as the bedroom communities for the bay area, while down significantly from peak, still have a ways to go.
My gut feeling is that you are going to see these former farmland mcmansions in the 300’s in the next few years, especially with gas having more than doubled since the start of the boom and heading nowhere but up in the near term.
ParticipantAlmost $500k for a house (albeit a large one) in vacaville still seems quite high. This house looks like it is on an end lot near the road as well which reduces it’s appeal (to me).
But, if YOU like it, are not in a toxic loan and can afford the payments, go for it. However, you need to be psychologically prepared to be paying on a house that is worth less than you owe for it cause that could happen quickly.
ParticipantAlmost $500k for a house (albeit a large one) in vacaville still seems quite high. This house looks like it is on an end lot near the road as well which reduces it’s appeal (to me).
But, if YOU like it, are not in a toxic loan and can afford the payments, go for it. However, you need to be psychologically prepared to be paying on a house that is worth less than you owe for it cause that could happen quickly.
ParticipantAlmost $500k for a house (albeit a large one) in vacaville still seems quite high. This house looks like it is on an end lot near the road as well which reduces it’s appeal (to me).
But, if YOU like it, are not in a toxic loan and can afford the payments, go for it. However, you need to be psychologically prepared to be paying on a house that is worth less than you owe for it cause that could happen quickly.
ParticipantAlmost $500k for a house (albeit a large one) in vacaville still seems quite high. This house looks like it is on an end lot near the road as well which reduces it’s appeal (to me).
But, if YOU like it, are not in a toxic loan and can afford the payments, go for it. However, you need to be psychologically prepared to be paying on a house that is worth less than you owe for it cause that could happen quickly.
ParticipantAlmost $500k for a house (albeit a large one) in vacaville still seems quite high. This house looks like it is on an end lot near the road as well which reduces it’s appeal (to me).
But, if YOU like it, are not in a toxic loan and can afford the payments, go for it. However, you need to be psychologically prepared to be paying on a house that is worth less than you owe for it cause that could happen quickly.
ParticipantYeah, we covered that a few days ago..
ParticipantYeah, we covered that a few days ago..
ParticipantYeah, we covered that a few days ago..
ParticipantYeah, we covered that a few days ago..
ParticipantYeah, we covered that a few days ago..
ParticipantSo, by your logic, you see nothing wrong with someone going out and maxing out their credit cards right before they go to declare bankruptcy?
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