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Rt.66
Participantsdnerd, the topic was about Temecula, not the neighborhoods YOU wanted to live in. Its pretty clear on that. I do agree with you in that there are nicer areas with better weather and closer to jobs where those numbers would get me excited as well.
If one is interested in buying in Temecula then the situation is different. There is an absolute mountain of REOs just stacked up behind some bottle neck. The banks only release a few at those 40-50% bubble reduction prices in order to maintain an artificial market. The only ones that touch the 60% mark that I have seen are fixers.
Then there is the shadow inventory that Mr. Mortgage has explained so well. Temecula/Murietta is ground zero for shadow inventory that does not even show up on RealtyTrac.
50% is a complete yawner in Temecula.
Participantsdnerd, the topic was about Temecula, not the neighborhoods YOU wanted to live in. Its pretty clear on that. I do agree with you in that there are nicer areas with better weather and closer to jobs where those numbers would get me excited as well.
If one is interested in buying in Temecula then the situation is different. There is an absolute mountain of REOs just stacked up behind some bottle neck. The banks only release a few at those 40-50% bubble reduction prices in order to maintain an artificial market. The only ones that touch the 60% mark that I have seen are fixers.
Then there is the shadow inventory that Mr. Mortgage has explained so well. Temecula/Murietta is ground zero for shadow inventory that does not even show up on RealtyTrac.
50% is a complete yawner in Temecula.
Participantsdnerd, the topic was about Temecula, not the neighborhoods YOU wanted to live in. Its pretty clear on that. I do agree with you in that there are nicer areas with better weather and closer to jobs where those numbers would get me excited as well.
If one is interested in buying in Temecula then the situation is different. There is an absolute mountain of REOs just stacked up behind some bottle neck. The banks only release a few at those 40-50% bubble reduction prices in order to maintain an artificial market. The only ones that touch the 60% mark that I have seen are fixers.
Then there is the shadow inventory that Mr. Mortgage has explained so well. Temecula/Murietta is ground zero for shadow inventory that does not even show up on RealtyTrac.
50% is a complete yawner in Temecula.
Participantsdnerd, the topic was about Temecula, not the neighborhoods YOU wanted to live in. Its pretty clear on that. I do agree with you in that there are nicer areas with better weather and closer to jobs where those numbers would get me excited as well.
If one is interested in buying in Temecula then the situation is different. There is an absolute mountain of REOs just stacked up behind some bottle neck. The banks only release a few at those 40-50% bubble reduction prices in order to maintain an artificial market. The only ones that touch the 60% mark that I have seen are fixers.
Then there is the shadow inventory that Mr. Mortgage has explained so well. Temecula/Murietta is ground zero for shadow inventory that does not even show up on RealtyTrac.
50% is a complete yawner in Temecula.
Participant$110k is still overpriced going into the Great Recession. That was my point, what is your point? The economy was doing well when that house sold for $100k, now its cratering.
Are you saying that paying $10k more for the same house now is a good deal? I’d say $80K is about right. Do you doubt we will see $80k smaller 3/2s in Temecula/Murietta?
Oh and GFYS
Participant$110k is still overpriced going into the Great Recession. That was my point, what is your point? The economy was doing well when that house sold for $100k, now its cratering.
Are you saying that paying $10k more for the same house now is a good deal? I’d say $80K is about right. Do you doubt we will see $80k smaller 3/2s in Temecula/Murietta?
Oh and GFYS
Participant$110k is still overpriced going into the Great Recession. That was my point, what is your point? The economy was doing well when that house sold for $100k, now its cratering.
Are you saying that paying $10k more for the same house now is a good deal? I’d say $80K is about right. Do you doubt we will see $80k smaller 3/2s in Temecula/Murietta?
Oh and GFYS
Participant$110k is still overpriced going into the Great Recession. That was my point, what is your point? The economy was doing well when that house sold for $100k, now its cratering.
Are you saying that paying $10k more for the same house now is a good deal? I’d say $80K is about right. Do you doubt we will see $80k smaller 3/2s in Temecula/Murietta?
Oh and GFYS
Participant$110k is still overpriced going into the Great Recession. That was my point, what is your point? The economy was doing well when that house sold for $100k, now its cratering.
Are you saying that paying $10k more for the same house now is a good deal? I’d say $80K is about right. Do you doubt we will see $80k smaller 3/2s in Temecula/Murietta?
Oh and GFYS
ParticipantRalphFurley said:
My understanding is that a third of this stimulus bill is tax cuts. I don’t see where Obama is taxing us to death.
Another third is for aiding those who are in desperate shape. So my neighbor doesn’t break in and stab me to death for a box of Cheerios.”
Scarlet said:
Cheerios, LOL! I am refering to paying back the scamulus money. No matter what it gets spent on it will be paid back by taxes. I love Ron paul too! He just made too much sense for anyone to take him seriously.
JPINPB, sorry for BO slam. I was actually a huge fan, but after the tax cheat appointments and the rest being the usual suspects BO pretty much killed the hope BS didn’t he?
They don’t steal Captain Crunch do they 🙁
I wonder what people in Texas thought of the House of Cards? 4 years ago I went to Austin looking at tract homes and there was no granite to be seen. The houses those lower earners lived in were posatively opulent compared to even new tract homes in Texas. And Texas homes blow away lots of the rest of middle America’s average digs.
ParticipantRalphFurley said:
My understanding is that a third of this stimulus bill is tax cuts. I don’t see where Obama is taxing us to death.
Another third is for aiding those who are in desperate shape. So my neighbor doesn’t break in and stab me to death for a box of Cheerios.”
Scarlet said:
Cheerios, LOL! I am refering to paying back the scamulus money. No matter what it gets spent on it will be paid back by taxes. I love Ron paul too! He just made too much sense for anyone to take him seriously.
JPINPB, sorry for BO slam. I was actually a huge fan, but after the tax cheat appointments and the rest being the usual suspects BO pretty much killed the hope BS didn’t he?
They don’t steal Captain Crunch do they 🙁
I wonder what people in Texas thought of the House of Cards? 4 years ago I went to Austin looking at tract homes and there was no granite to be seen. The houses those lower earners lived in were posatively opulent compared to even new tract homes in Texas. And Texas homes blow away lots of the rest of middle America’s average digs.
ParticipantRalphFurley said:
My understanding is that a third of this stimulus bill is tax cuts. I don’t see where Obama is taxing us to death.
Another third is for aiding those who are in desperate shape. So my neighbor doesn’t break in and stab me to death for a box of Cheerios.”
Scarlet said:
Cheerios, LOL! I am refering to paying back the scamulus money. No matter what it gets spent on it will be paid back by taxes. I love Ron paul too! He just made too much sense for anyone to take him seriously.
JPINPB, sorry for BO slam. I was actually a huge fan, but after the tax cheat appointments and the rest being the usual suspects BO pretty much killed the hope BS didn’t he?
They don’t steal Captain Crunch do they 🙁
I wonder what people in Texas thought of the House of Cards? 4 years ago I went to Austin looking at tract homes and there was no granite to be seen. The houses those lower earners lived in were posatively opulent compared to even new tract homes in Texas. And Texas homes blow away lots of the rest of middle America’s average digs.
ParticipantRalphFurley said:
My understanding is that a third of this stimulus bill is tax cuts. I don’t see where Obama is taxing us to death.
Another third is for aiding those who are in desperate shape. So my neighbor doesn’t break in and stab me to death for a box of Cheerios.”
Scarlet said:
Cheerios, LOL! I am refering to paying back the scamulus money. No matter what it gets spent on it will be paid back by taxes. I love Ron paul too! He just made too much sense for anyone to take him seriously.
JPINPB, sorry for BO slam. I was actually a huge fan, but after the tax cheat appointments and the rest being the usual suspects BO pretty much killed the hope BS didn’t he?
They don’t steal Captain Crunch do they 🙁
I wonder what people in Texas thought of the House of Cards? 4 years ago I went to Austin looking at tract homes and there was no granite to be seen. The houses those lower earners lived in were posatively opulent compared to even new tract homes in Texas. And Texas homes blow away lots of the rest of middle America’s average digs.
ParticipantRalphFurley said:
My understanding is that a third of this stimulus bill is tax cuts. I don’t see where Obama is taxing us to death.
Another third is for aiding those who are in desperate shape. So my neighbor doesn’t break in and stab me to death for a box of Cheerios.”
Scarlet said:
Cheerios, LOL! I am refering to paying back the scamulus money. No matter what it gets spent on it will be paid back by taxes. I love Ron paul too! He just made too much sense for anyone to take him seriously.
JPINPB, sorry for BO slam. I was actually a huge fan, but after the tax cheat appointments and the rest being the usual suspects BO pretty much killed the hope BS didn’t he?
They don’t steal Captain Crunch do they 🙁
I wonder what people in Texas thought of the House of Cards? 4 years ago I went to Austin looking at tract homes and there was no granite to be seen. The houses those lower earners lived in were posatively opulent compared to even new tract homes in Texas. And Texas homes blow away lots of the rest of middle America’s average digs.
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