[pemeliza]

Many factors to consider. I would consider proximity to work for example. If you have a long commute that would be something that you could improve by renting.

Sounds like to me you are looking to a strategic default. Good thing you didn’t put any money down.

I would check with an attorney and see if there are any ramifications of doing the loan mod on your ability to walk away from the loans non-recourse. I know purchase loans are non-recourse but the mod might be viewed as a re-fi.

[pemeliza]

Many factors to consider. I would consider proximity to work for example. If you have a long commute that would be something that you could improve by renting.

Sounds like to me you are looking to a strategic default. Good thing you didn’t put any money down.

I would check with an attorney and see if there are any ramifications of doing the loan mod on your ability to walk away from the loans non-recourse. I know purchase loans are non-recourse but the mod might be viewed as a re-fi.

[pemeliza]

Many factors to consider. I would consider proximity to work for example. If you have a long commute that would be something that you could improve by renting.

Sounds like to me you are looking to a strategic default. Good thing you didn’t put any money down.

I would check with an attorney and see if there are any ramifications of doing the loan mod on your ability to walk away from the loans non-recourse. I know purchase loans are non-recourse but the mod might be viewed as a re-fi.

[pemeliza]

“I bought a distressed house in Green Valley, and I can tell you for a fact that the small changes in elevation around here don’t make a real difference in temperature at all.”

Congrats on your purchase hibiscus! I guess I was referring more to the potential for breezes rather than temp. changes but I guess you have to live there to be sure. Green Valley is a great area and it would definitely be my first choice in Poway.

I ended up in Mission Hills because the right property came up there at the right time but Green Valley was very high on our list.

[pemeliza]

“I bought a distressed house in Green Valley, and I can tell you for a fact that the small changes in elevation around here don’t make a real difference in temperature at all.”

Congrats on your purchase hibiscus! I guess I was referring more to the potential for breezes rather than temp. changes but I guess you have to live there to be sure. Green Valley is a great area and it would definitely be my first choice in Poway.

I ended up in Mission Hills because the right property came up there at the right time but Green Valley was very high on our list.

[pemeliza]

“I bought a distressed house in Green Valley, and I can tell you for a fact that the small changes in elevation around here don’t make a real difference in temperature at all.”

Congrats on your purchase hibiscus! I guess I was referring more to the potential for breezes rather than temp. changes but I guess you have to live there to be sure. Green Valley is a great area and it would definitely be my first choice in Poway.

I ended up in Mission Hills because the right property came up there at the right time but Green Valley was very high on our list.

[pemeliza]

“I bought a distressed house in Green Valley, and I can tell you for a fact that the small changes in elevation around here don’t make a real difference in temperature at all.”

Congrats on your purchase hibiscus! I guess I was referring more to the potential for breezes rather than temp. changes but I guess you have to live there to be sure. Green Valley is a great area and it would definitely be my first choice in Poway.

I ended up in Mission Hills because the right property came up there at the right time but Green Valley was very high on our list.

[pemeliza]

“I bought a distressed house in Green Valley, and I can tell you for a fact that the small changes in elevation around here don’t make a real difference in temperature at all.”

Congrats on your purchase hibiscus! I guess I was referring more to the potential for breezes rather than temp. changes but I guess you have to live there to be sure. Green Valley is a great area and it would definitely be my first choice in Poway.

I ended up in Mission Hills because the right property came up there at the right time but Green Valley was very high on our list.

[pemeliza]

“My wife and I have had our eye on a few nicer ones there as well but the 800s and above are sticky still.”

SD Realtor, we did look hard at Poway. Our interest was in Green Valley Highlands. There was a foreclosure up there on Orchard Gate in the 8’s.

http://www.sdlookup.com/Property-5EDE58A1-13672_Orchard_Gate_Rd_Poway_CA_92064

We were hopeful that the foreclosure would bring down prices but it didn’t have much of an effect. We were hoping to buy something up there on a nicer lot for around 750-800k but a fixer. When a fixer did come up, it was priced like a showpiece and the seller didn’t want to budge. There are some other short sales in the area but overall I don’t get the feeling that there is enough distress up there yet. Maybe you can find something up there in your price range if you are patient. I don’t think you can go wrong with that ‘hood. Being up high helps with the heat and the schools are great. I think the lower elevation parts of Green Valley have better deals but I don’t think we could have handled the heat.

[pemeliza]

“My wife and I have had our eye on a few nicer ones there as well but the 800s and above are sticky still.”

SD Realtor, we did look hard at Poway. Our interest was in Green Valley Highlands. There was a foreclosure up there on Orchard Gate in the 8’s.

http://www.sdlookup.com/Property-5EDE58A1-13672_Orchard_Gate_Rd_Poway_CA_92064

We were hopeful that the foreclosure would bring down prices but it didn’t have much of an effect. We were hoping to buy something up there on a nicer lot for around 750-800k but a fixer. When a fixer did come up, it was priced like a showpiece and the seller didn’t want to budge. There are some other short sales in the area but overall I don’t get the feeling that there is enough distress up there yet. Maybe you can find something up there in your price range if you are patient. I don’t think you can go wrong with that ‘hood. Being up high helps with the heat and the schools are great. I think the lower elevation parts of Green Valley have better deals but I don’t think we could have handled the heat.

[pemeliza]

“My wife and I have had our eye on a few nicer ones there as well but the 800s and above are sticky still.”

SD Realtor, we did look hard at Poway. Our interest was in Green Valley Highlands. There was a foreclosure up there on Orchard Gate in the 8’s.

http://www.sdlookup.com/Property-5EDE58A1-13672_Orchard_Gate_Rd_Poway_CA_92064

We were hopeful that the foreclosure would bring down prices but it didn’t have much of an effect. We were hoping to buy something up there on a nicer lot for around 750-800k but a fixer. When a fixer did come up, it was priced like a showpiece and the seller didn’t want to budge. There are some other short sales in the area but overall I don’t get the feeling that there is enough distress up there yet. Maybe you can find something up there in your price range if you are patient. I don’t think you can go wrong with that ‘hood. Being up high helps with the heat and the schools are great. I think the lower elevation parts of Green Valley have better deals but I don’t think we could have handled the heat.

[pemeliza]

“My wife and I have had our eye on a few nicer ones there as well but the 800s and above are sticky still.”

SD Realtor, we did look hard at Poway. Our interest was in Green Valley Highlands. There was a foreclosure up there on Orchard Gate in the 8’s.

http://www.sdlookup.com/Property-5EDE58A1-13672_Orchard_Gate_Rd_Poway_CA_92064

We were hopeful that the foreclosure would bring down prices but it didn’t have much of an effect. We were hoping to buy something up there on a nicer lot for around 750-800k but a fixer. When a fixer did come up, it was priced like a showpiece and the seller didn’t want to budge. There are some other short sales in the area but overall I don’t get the feeling that there is enough distress up there yet. Maybe you can find something up there in your price range if you are patient. I don’t think you can go wrong with that ‘hood. Being up high helps with the heat and the schools are great. I think the lower elevation parts of Green Valley have better deals but I don’t think we could have handled the heat.

[pemeliza]

“My wife and I have had our eye on a few nicer ones there as well but the 800s and above are sticky still.”

SD Realtor, we did look hard at Poway. Our interest was in Green Valley Highlands. There was a foreclosure up there on Orchard Gate in the 8’s.

http://www.sdlookup.com/Property-5EDE58A1-13672_Orchard_Gate_Rd_Poway_CA_92064

We were hopeful that the foreclosure would bring down prices but it didn’t have much of an effect. We were hoping to buy something up there on a nicer lot for around 750-800k but a fixer. When a fixer did come up, it was priced like a showpiece and the seller didn’t want to budge. There are some other short sales in the area but overall I don’t get the feeling that there is enough distress up there yet. Maybe you can find something up there in your price range if you are patient. I don’t think you can go wrong with that ‘hood. Being up high helps with the heat and the schools are great. I think the lower elevation parts of Green Valley have better deals but I don’t think we could have handled the heat.

[pemeliza]

Prices dipped after 9/11. There were some good deals for about 6 months after. So I would say it is an early 2001 price or even late 2000 price.

As far as the acre lots, some of that was sales hype but the benefit is that the views are protected. Usually the sloped areas are made common areas but in this case they were included in the building lots.

I remember when Pacific Crest and the neighboring Centex development Crestview were built. Top of the line view neighborhoods with 200k landscapes the norm. Big money, exclusive, and extremely low density. It is shocking to see these type of houses firmly under 1.4M. This can’t be good for the Bay Collection and Encinitas Ranch. Some of those houses sold for 2M from the builder and they are not near this prestige level.

Another factor to consider is the mello roos. While ER has 4k+ a year these houses in Pacific Crest have only $800 a year. Crestview has none. Big time bargains here IMHO.

[pemeliza]

Prices dipped after 9/11. There were some good deals for about 6 months after. So I would say it is an early 2001 price or even late 2000 price.

As far as the acre lots, some of that was sales hype but the benefit is that the views are protected. Usually the sloped areas are made common areas but in this case they were included in the building lots.

I remember when Pacific Crest and the neighboring Centex development Crestview were built. Top of the line view neighborhoods with 200k landscapes the norm. Big money, exclusive, and extremely low density. It is shocking to see these type of houses firmly under 1.4M. This can’t be good for the Bay Collection and Encinitas Ranch. Some of those houses sold for 2M from the builder and they are not near this prestige level.

Another factor to consider is the mello roos. While ER has 4k+ a year these houses in Pacific Crest have only $800 a year. Crestview has none. Big time bargains here IMHO.

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