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September 27, 2007 at 10:49 AM in reply to: VOTE: state of the bubble collapse, Worse, OR Better than your expectation? #86104
PadreBrian
ParticipantWith the death of the liar loans and zero down, I’m not surprised. It’s what enabled prices to artificially be inflated by people “buying” homes that they didn’t worry about selling because “the value would always rise”. So they tended to buy a house that was too expensive for what they could afford. This enabling the flippers to feed off of them. A vicious circle.
September 26, 2007 at 9:46 AM in reply to: Carmel Valley – long time flipper house finally sold? #85957ParticipantThis is a ‘Arabela’, not a ‘Portico’ which is a row home. Arabelas are nicer with front and back yards (still tiny, but carmel valley sized).
This is a MAJOR comp killer. 200k haircut for the neighborhood. Arabellas use to go for the 800’s just a few months ago.
September 25, 2007 at 2:12 PM in reply to: Carmel Valley – long time flipper house finally sold? #85864ParticipantNice price!
Lowballers unite!
I was going to put a bid on this sucker last month after the crash, but the noise from the back neighbors told me not to. Sounded like a Ringling Brother Circus.
The house was a flipper special, not a damn thing was left off the option check boxes when they built this house. 2nd floor patio, full solar, surround sound wiring with speakers, damper system, and the rest of the typical stuff.
From the looks of it, the bank(s) took a 230,000 haircut on this baby.
Also shows the banks are willing to talk now.
ParticipantIt’s a lil game home”owners” do. Doesn’t help them one bit though.
ParticipantSantee has a white trash character. Most property is prop-13’ed, and the old coots aren’t moving. So the tax income is sh*tty. Thus the parks aren’t as nice, and the schools aren’t the richest.
But, the nice thing about the above Standard Pacific homes OP asks about is that the tax rate is nice and low. 1.09%; the entire infrastructure is already there.
In 3 years both the 52 extension, and the zipper lanes should be done. So the rush-hour commute won’t be as bad.
The 30 year 5.375% fixed loan they are offering ain’t bad either.
ParticipantThe max tax is 1.9%, and yep it’s for 35 years. lol
September 21, 2007 at 8:42 PM in reply to: Does anyone know anything about 9810 Old Tree,Santee, 92071 #85515ParticipantIt’s in River Walk.
http://www.standardpacifichomes.com/findhome/NeighborhoodIntro.aspx?NID=1390
Participantyep. These are real realtors…not the fake ones that drove X5’s for the last 3-4 years. They work for your money.
I also noticed new realtor around torrey hills doing expensive full color flyers, dvd’s, keeping the flyer box filled, AND reduced the house price by 100k. I thought, damn this guy knows what he’s doing. The only thing missing was him striping to his underwear and vacuuming the carpet before the open house…and chanting I will sell this home, I will sell this home. (from American Beauty).
Participantoops. But, yeah, 13 Billion, put that on SD’s tab. lol!
ParticipantYeah this plan would never work. What’s the # of foreclosures in SD county? 30,000?
So the county buys: 30000 homes*450000(average home price)=$13,500,000,000
13 Trillion dollars. Yeah, that will work. hahahahahParticipantThe ONLY good news from this 729k, is you have to be full doc and can qualify for it. lol. none of them can.
Participantlol. that just means the bank bought the house back from itself…REO. happens a million times a day.
ParticipantDown down down, into the ring of fire. Heck’a job dubya.
ParticipantHow to tell: look up address on zillow and make sure the house wasn’t bought in the last 2 years.
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