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ocrenter
Participantso conclusion is $90 to 120k in general.
that gets us $10k per month, 6k after 401k and social security and taxes.
2k per month for housing would be feasible, 3k per month would be a stretch. assuming 20% down, the said engineer will need a $400k home.
April 25, 2008 at 9:33 AM in reply to: OC RENTER-I nominate you for Pulitzer for best Investigative Reports #194352ParticipantI made up “phantom inventory”
you can call them upcoming inventory, inventory in waiting, future inventory… but in essence, you know in a normal market these homes would have been on the MLS. but due to being hugely underwater, or slowness by the bank, these homes are not on the MLS.
April 25, 2008 at 9:33 AM in reply to: OC RENTER-I nominate you for Pulitzer for best Investigative Reports #194383ParticipantI made up “phantom inventory”
you can call them upcoming inventory, inventory in waiting, future inventory… but in essence, you know in a normal market these homes would have been on the MLS. but due to being hugely underwater, or slowness by the bank, these homes are not on the MLS.
April 25, 2008 at 9:33 AM in reply to: OC RENTER-I nominate you for Pulitzer for best Investigative Reports #194410ParticipantI made up “phantom inventory”
you can call them upcoming inventory, inventory in waiting, future inventory… but in essence, you know in a normal market these homes would have been on the MLS. but due to being hugely underwater, or slowness by the bank, these homes are not on the MLS.
April 25, 2008 at 9:33 AM in reply to: OC RENTER-I nominate you for Pulitzer for best Investigative Reports #194426ParticipantI made up “phantom inventory”
you can call them upcoming inventory, inventory in waiting, future inventory… but in essence, you know in a normal market these homes would have been on the MLS. but due to being hugely underwater, or slowness by the bank, these homes are not on the MLS.
April 25, 2008 at 9:33 AM in reply to: OC RENTER-I nominate you for Pulitzer for best Investigative Reports #194469ParticipantI made up “phantom inventory”
you can call them upcoming inventory, inventory in waiting, future inventory… but in essence, you know in a normal market these homes would have been on the MLS. but due to being hugely underwater, or slowness by the bank, these homes are not on the MLS.
Participantweatherstone is probably a short sale. I don’t have loan info on that. but it does look like the $585k asking is the hook-in price as the range goes all the way to $650k.
a lot of folks during the peak said to themselves, hey, if prices drop down to XXX, we’ll jump in. well, that day has come. for me, that XXX keeps being readjusted downward (for better or worse). for others, prices is now to their personal bottom and they are jumping in as they said they would.
Participantweatherstone is probably a short sale. I don’t have loan info on that. but it does look like the $585k asking is the hook-in price as the range goes all the way to $650k.
a lot of folks during the peak said to themselves, hey, if prices drop down to XXX, we’ll jump in. well, that day has come. for me, that XXX keeps being readjusted downward (for better or worse). for others, prices is now to their personal bottom and they are jumping in as they said they would.
Participantweatherstone is probably a short sale. I don’t have loan info on that. but it does look like the $585k asking is the hook-in price as the range goes all the way to $650k.
a lot of folks during the peak said to themselves, hey, if prices drop down to XXX, we’ll jump in. well, that day has come. for me, that XXX keeps being readjusted downward (for better or worse). for others, prices is now to their personal bottom and they are jumping in as they said they would.
Participantweatherstone is probably a short sale. I don’t have loan info on that. but it does look like the $585k asking is the hook-in price as the range goes all the way to $650k.
a lot of folks during the peak said to themselves, hey, if prices drop down to XXX, we’ll jump in. well, that day has come. for me, that XXX keeps being readjusted downward (for better or worse). for others, prices is now to their personal bottom and they are jumping in as they said they would.
Participantweatherstone is probably a short sale. I don’t have loan info on that. but it does look like the $585k asking is the hook-in price as the range goes all the way to $650k.
a lot of folks during the peak said to themselves, hey, if prices drop down to XXX, we’ll jump in. well, that day has come. for me, that XXX keeps being readjusted downward (for better or worse). for others, prices is now to their personal bottom and they are jumping in as they said they would.
Participantcheapest over 3000sqft home in SEH is officially not part of the development in Venzano. I remember just a year ago telling the sales lady that I would buy if these homes go down to $550k, she laughed and said that wouldn’t be possible.
686 WEATHERSTONE
4/4/3022sqft
11/2006: purchased for 730k
12/2007: listed
Price Reduced: 01/18/08 — $659,900 to $599,900
Price Reduced: 02/13/08 — $599,900 to $574,900
Price Increased: 04/18/08 — $574,900 to $584,900Participantcheapest over 3000sqft home in SEH is officially not part of the development in Venzano. I remember just a year ago telling the sales lady that I would buy if these homes go down to $550k, she laughed and said that wouldn’t be possible.
686 WEATHERSTONE
4/4/3022sqft
11/2006: purchased for 730k
12/2007: listed
Price Reduced: 01/18/08 — $659,900 to $599,900
Price Reduced: 02/13/08 — $599,900 to $574,900
Price Increased: 04/18/08 — $574,900 to $584,900Participantcheapest over 3000sqft home in SEH is officially not part of the development in Venzano. I remember just a year ago telling the sales lady that I would buy if these homes go down to $550k, she laughed and said that wouldn’t be possible.
686 WEATHERSTONE
4/4/3022sqft
11/2006: purchased for 730k
12/2007: listed
Price Reduced: 01/18/08 — $659,900 to $599,900
Price Reduced: 02/13/08 — $599,900 to $574,900
Price Increased: 04/18/08 — $574,900 to $584,900 -
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