[mgubnyc1]

Its going to take much more then this to slow this housing correction, were just picking up momentum, 2007 has has already hit 10% declines in many parts of CA,AZ,NV,IL and FL
IMO you will see another 10% drop in these states in the 1st half of 2008.
Then maybe start to slow.

[mgubnyc1]

Its going to take much more then this to slow this housing correction, were just picking up momentum, 2007 has has already hit 10% declines in many parts of CA,AZ,NV,IL and FL
IMO you will see another 10% drop in these states in the 1st half of 2008.
Then maybe start to slow.

[mgubnyc1]

Its going to take much more then this to slow this housing correction, were just picking up momentum, 2007 has has already hit 10% declines in many parts of CA,AZ,NV,IL and FL
IMO you will see another 10% drop in these states in the 1st half of 2008.
Then maybe start to slow.

[mgubnyc1]

Its going to take much more then this to slow this housing correction, were just picking up momentum, 2007 has has already hit 10% declines in many parts of CA,AZ,NV,IL and FL
IMO you will see another 10% drop in these states in the 1st half of 2008.
Then maybe start to slow.

[mgubnyc1]

Its going to take much more then this to slow this housing correction, were just picking up momentum, 2007 has has already hit 10% declines in many parts of CA,AZ,NV,IL and FL
IMO you will see another 10% drop in these states in the 1st half of 2008.
Then maybe start to slow.

[mgubnyc1]

Ouch! Yep, but the truth is most people taking 400k mortgages can’t even afford them anyway. A 400K 30year fixed at 6% mortgage and 12K property tax’s cost like 3500 a month and that’s just your house payment, so many of these people have BMW car payments, RV payments line of credit and credit card payments, why give someone a 400K mortgage they can’t afford.
Someone deserving of a 400K mortgage should have a minimum income of 225K Gross to qualify. (IMO)

[mgubnyc1]

Ouch! Yep, but the truth is most people taking 400k mortgages can’t even afford them anyway. A 400K 30year fixed at 6% mortgage and 12K property tax’s cost like 3500 a month and that’s just your house payment, so many of these people have BMW car payments, RV payments line of credit and credit card payments, why give someone a 400K mortgage they can’t afford.
Someone deserving of a 400K mortgage should have a minimum income of 225K Gross to qualify. (IMO)

[mgubnyc1]

Ouch! Yep, but the truth is most people taking 400k mortgages can’t even afford them anyway. A 400K 30year fixed at 6% mortgage and 12K property tax’s cost like 3500 a month and that’s just your house payment, so many of these people have BMW car payments, RV payments line of credit and credit card payments, why give someone a 400K mortgage they can’t afford.
Someone deserving of a 400K mortgage should have a minimum income of 225K Gross to qualify. (IMO)

[mgubnyc1]

Ouch! Yep, but the truth is most people taking 400k mortgages can’t even afford them anyway. A 400K 30year fixed at 6% mortgage and 12K property tax’s cost like 3500 a month and that’s just your house payment, so many of these people have BMW car payments, RV payments line of credit and credit card payments, why give someone a 400K mortgage they can’t afford.
Someone deserving of a 400K mortgage should have a minimum income of 225K Gross to qualify. (IMO)

[mgubnyc1]

Ouch! Yep, but the truth is most people taking 400k mortgages can’t even afford them anyway. A 400K 30year fixed at 6% mortgage and 12K property tax’s cost like 3500 a month and that’s just your house payment, so many of these people have BMW car payments, RV payments line of credit and credit card payments, why give someone a 400K mortgage they can’t afford.
Someone deserving of a 400K mortgage should have a minimum income of 225K Gross to qualify. (IMO)

[mgubnyc1]

LOOKING FOR A GREAT DEAL ON A NICE HOUSE!!!
Great value prices after something like this happens inside the home!
seriously though, these people were renting the house!
I feel bad for the poor guy who ownes it, as if things weren’t bad enough with the current market conditions, how is he going to rent it or sell it now?

[mgubnyc1]

LOOKING FOR A GREAT DEAL ON A NICE HOUSE!!!
Great value prices after something like this happens inside the home!
seriously though, these people were renting the house!
I feel bad for the poor guy who ownes it, as if things weren’t bad enough with the current market conditions, how is he going to rent it or sell it now?

[mgubnyc1]

LOOKING FOR A GREAT DEAL ON A NICE HOUSE!!!
Great value prices after something like this happens inside the home!
seriously though, these people were renting the house!
I feel bad for the poor guy who ownes it, as if things weren’t bad enough with the current market conditions, how is he going to rent it or sell it now?

[mgubnyc1]

LOOKING FOR A GREAT DEAL ON A NICE HOUSE!!!
Great value prices after something like this happens inside the home!
seriously though, these people were renting the house!
I feel bad for the poor guy who ownes it, as if things weren’t bad enough with the current market conditions, how is he going to rent it or sell it now?

[mgubnyc1]

homes in Temecula and the surrounding area’s will continue to fall, no doupt about it, you don’t have to be Donald Trump to know this! The question is not how low anymore, its who’s going to be buying them? Are we going to hear lots more of these Murder/suicide’s in Temecula (5 people on Sunday on a quite Temecula cul-de-sac dead) you bet you are! As falling home prices spiral down, so will the class of buyers, the tax income is in a decline and the city will have to cut back soon or raise tax’s! The planned budgets are no longer valid, the tax’s are no longer increasing, they are now decreasing.
You guy’s have seen nothing yet, just give it another 2 years and you’ll see a whole new Temecula-Murrieta then you see today.

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