[ocrenter]

[quote=svelte]I don’t know, it doesn’t seem any different than the zillion college brochures mailed to us when our kids were high school seniors, or the letter the car dealer sends us offering to sell us a new car the month he knows we made our final payment, or the refi offers we get in the mail that list our original mortgage company, or the AARP brochures that we started getting when we turned 40 (!!). It always makes me aware of just how much info there is floating around about us out there.

Not really thrilled with any of that, but I’m not sure I think a line was crossed.[/quote]

Most of the things you mentioned are all positive, or at least part of normal living.

Now imagine you went to an oncologist, and because of that charge, a realtor was able to send you this: “dealing with cancer is difficult, and possible death is worse. Let me help you sell your home now so you can enjoy those frozen equities now! I’ll even arrange with the new owner to help you stay in your home until your demise.”

To me divorce is still quite a negative concept, and definitely not something one can assume just based on a quit claim deed. Just like you do not assume cancer or imminent death from a visit to an oncologist. Don’t think any realtor has ever crossed that line since now we are dealing with Confidentiality issues of health. But I think there is enough parallels here for OP to be justified in his anger.

[ocrenter]

From what I’ve seen, a typical contractor most likely end up making about 10% of the actual cost of the project. So if you get a good breakdown on material cost, and figuring $100/day/laborer, you can roughly figure out if his charge is within reason. If he comes so highly recommended, and the cost is just a little higher, that’s prob worth it for peace of mind.

[ocrenter]

Agree, I don’t think anyone is saying there wouldn’t be any softening of price, just that that actual drop would not be that significant. I would imagine the 12.5% that paid less than the 20% down would be the % affected. How many of the 20% down folks only just happen to have 20%?

Another issue is right now the jumbo market isn’t as well developed. Once there is a need shown, there will likely be a lot more jumbo products out there to further soften the impact. Afterall, this segment of the market is prob safer for the lending industry.

[ocrenter]

[quote=DomoArigato]Expiration of the high conforming loan limits will still have some effect even in places like NCC. Here’s some recent data from June:

Down-Payment Check

12.5% of buyers used less than 20% down while 56% of buyers used less than 30% down, so the expiration of the high conforming loan limits is definitely going to knock some potential buyers out of the NCC pool.[/quote]

the problem is you are assuming they didn’t put down 30% because they could not.

at that income level, one main way to maximize tax breaks is to push up the mortgage on the place of residence.

so if people are allowed to just put down 20%, that’s what a lot of folks will do. remember, the money in will be non-liquid, that is one incentive to not put down more than the 20% required. the second incentive is the mortgage deduction is one thing that very much favors higher income brackets, and their accountants really push that point. and certainly we had discussions on piggington with others wondering if they should minimize down payments.

[ocrenter]

I hate to pour cold water on the party. But did anyone look at the jumbo rate recently? Citibank rate is freaking 4.5%! So is wells fargo. At price points north of $700k, most folks are not sinking in their life savings to come up with that 20% down. They might not like adding that additional 10% of their savings into their non-liquid bucket of assets, but they’ll have that ability if they chose. Especially since CD rates are 0.5% and the market? Much better to sink that extra cash into the 30% down required.

I think JtR has routinely shown that even in the days of confirming jumbo, people were overwhelmingly putting down large down payments. Typical 20% down were the minority.

[ocrenter]

[quote=AN]BG, the garage are not tandem and trust me, if you actually see the house, you’ll see why I’m not worry about getting it approved if I decide to add another garage. There’s no point in continue debating about this when you have no idea what the house looks like, what the lot looks like, how the house situated on the lot, and how other houses with the exact same floor plan but with 3 cars garage look like & situated on their lot. The reason I didn’t buy one with a 3 cars garage is because there was non for sale. Over the last 6 years, only 1 with 3 cars garage went on sale.

I never said 5200 sq-ft is .25 acre. .25 acre = 10890 sq-ft. I’m OK w/ 5200 sq-ft but ideally, I want .25 acre. Unfortunately, there’s literally a handful (<5) of lots in MM with .25 flat usable acre.[/quote]

I think the only way to really end this debate is to forcefully relocate you and your love ones to El Cajon. 😉

[ocrenter]

http://www.no2meth.org/docs/eastcounty.pdf

http://web.signonsandiego.com/news/2010/nov/09/arrests-tuesday-targed-east-county-meth-rings/

http://www.signonsandiego.com/news/2010/apr/23/drug-sweep-east-county-targets-meth-addicts/

http://sdcounty.ca.gov/cnty/bos/sup2/press/030714news.html

http://www.signonsandiego.com/news/2009/apr/11/mz1ez11duke20241-new-approach-east-county-drug-sco/

sounds like there’s been a lot of law enforcement efforts focused in the East County and more specifically El Cajon. Clearly there are people that live in this area shooting and smoking this stuff up. I was often told before that a sample size of 2 is in general not a good way to evaluate the actual scope of a potential problem within a population group.

[ocrenter]

[quote=AN][quote=ocrenter]much like 4S which you never been to, ever. and you are doing it again with this whole Asian market thing as you are trying to tell people that go to Asian markets on weekly basis where they should go based on some comments you read from yelp.[/quote]
Asian markets in El Cajon is pretty crappy for an area that have a lot of Asians. I personally think Zion & 99 are the top two in SD.[/quote]

that’s not saying much, unfortunately. still waiting for one of those Irvine style 99 Ranch to come our way.

[ocrenter]

[quote=temeculaguy]

I would be willing to put up some cash if a few thousands others joined in, and buy that place for brian, with the condition that he cant sell it for 30 years and he has to live there. In fact, I think I could sell that as a reality tv show to a studio.

[/quote]

sounds good, I’m in! brian will of course have to do all of his shopping in the ghetto Asian supermarkets BG will pick out for him via yelp. I’ve heard the more ghetto the market is the more legit, kinda like hole-in-the-wall eateries.

[ocrenter]

[quote=bearishgurl][quote=ocrenter][quote=bearishgurl]

Read the reviews for the Asian market(s) I posted, brian and you will find out what customer’s experiences have been there :-)[/quote]

Oh boy. Are you serious???!!!!

This is starting to sound like a certain “4S is in city of San Diego according to my Thomas Guide circa 1800” convo that occurred not too long ago.[/quote]

4S Branch Library to WF bldg dtn SD = 24.4 mi

http://maps.yahoo.com/#mvt=m&lat=32.868745&lon=-117.12388&zoom=11&q1=10433%20Reserve%20Drive%2092127&gid1=46405049&q2=101%20West%20Broadway%2092101

1708 Lanai Dr. EC 92019 to WF bldg dtn SD = 20.6 mi

http://maps.yahoo.com/#mvt=m&lat=32.762785&lon=-117.041165&zoom=12&q1=1708%20Lanai%20Drive%2092019&q2=101%20W%20Broadway%2C%20San%20Diego%2C%20CA%2C%2092101

I would classify 4S Ranch as bordering on a second-tier suburb due to the grueling commute to dtn SD. We haven’t even explored the “time element” it takes to actually get there from one’s “miniscule” lot.

Oh, and, btw, re: that “convo” you’re referring to?? I remember it well. 4S HAS a “City of SD” zip code as it was originally slated to be part of the City up until the 11th hour. (Blame it on the City Council.) If you will recall correctly, 4S COULDN’T OBTAIN a county zip code in the end because 92027 had been already reserved by the City of Escondido.

It is what it is.

btw, ocrenter, are you, by chance, a resident of 4-closure Ranch? Just wondering …[/quote]

no I’m not. it is a little too middle of the road and the lots are too small for my taste.

like I said before, I lived there before, I know a lot of friends and colleagues that live there with children getting excellent education there. most have very manageable commutes.

my whole point wasn’t to dig up another argument with you. like I said before, conversations with you are generally not good for anyone’s mental health, and I continue to stand by that conclusion. the point is simply you like to talk about things that you know nothing about. much like 4S which you never been to, ever. and you are doing it again with this whole Asian market thing as you are trying to tell people that go to Asian markets on weekly basis where they should go based on some comments you read from yelp.

[ocrenter]

[quote=bearishgurl]

Read the reviews for the Asian market(s) I posted, brian and you will find out what customer’s experiences have been there :-)[/quote]

Oh boy. Are you serious???!!!!

This is starting to sound like a certain “4S is in city of San Diego according to my Thomas Guide circa 1800” convo that occurred not too long ago.

[ocrenter]

Speaking of WLA, just took a look at their traffic map at 7:50. 405 and 10 and ALL major streets are still completely red. Meanwhile I have been home for 2 hours and getting ready for my nightly walk in my far flung suburb

[ocrenter]

[quote=temeculaguy]

Downtowns are popular with single people, young people, gay people, hip people and childless couples.

Urban areas also attract poor people, crazy people, hobos, homeless people for a variety of reasons but these people cannot handle the difficult task of vehicle ownership, maintenance, insurance and licensing. [/quote]

now I get it! this is what gen Y and future generations aspire to when Scaredy said in the future people want to be cooler.

I do feel hobos, gays, and singles are definitely a lot cooler than me. I should just stay in the far flung suburbs where I belong so I don’t infringe on a city’s “cool factor”.

[ocrenter]

[quote=walterwhite]I pRedict that in the future people will want to be cooler.[/quote]

there goes Scaredy again…

[ocrenter]

sdseeker, good to hear from you.

had you known Toll Brothers would be coming, would you have waited the extra 2 years instead of buying into CityVenture. (unfortunately we already know the answer for Montoro residents…)

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