[Scarlett]

How large is your current house? I know CV is extremely overpriced, but I would think for 1M you have at least 2500 sf and at least 4 decent size bedrooms? I think you and your kids will be pretty unhappy switching to a 1300 sf house, and regret it. Perhaps you can find something a little bigger than that, say, a 4 bdr of at least 1700 sf, even though you’d still have a little mortgage to pay…I am not sure though if in this case it’s worth the move and upheaval. I think 1300 sf is a bit extreme. I completely understand why you don’t want to leave CV. I am not saying in general a family of 4 can’t stay in a 3 bdr 1300 sf, but in your case it could be very rough.

Edit – one more thing – I think it’s a bad idea to post your exact address on a public website. Street should have been enough. Perhaps Rich or you can edit it.

[Scarlett]

Scaredy,

Wow, in what area is this place? 75K down and still $1500/mo? and a yard? and over 3000 sf?!
is there another place like this one?

So, how much of a decline is from the bubble peak, 50% or more?

[Scarlett]

Scaredy,

Wow, in what area is this place? 75K down and still $1500/mo? and a yard? and over 3000 sf?!
is there another place like this one?

So, how much of a decline is from the bubble peak, 50% or more?

[Scarlett]

Scaredy,

Wow, in what area is this place? 75K down and still $1500/mo? and a yard? and over 3000 sf?!
is there another place like this one?

So, how much of a decline is from the bubble peak, 50% or more?

[Scarlett]

Scaredy,

Wow, in what area is this place? 75K down and still $1500/mo? and a yard? and over 3000 sf?!
is there another place like this one?

So, how much of a decline is from the bubble peak, 50% or more?

[Scarlett]

Scaredy,

Wow, in what area is this place? 75K down and still $1500/mo? and a yard? and over 3000 sf?!
is there another place like this one?

So, how much of a decline is from the bubble peak, 50% or more?

[Scarlett]

Townhouses in UTC, built in mid 80s, 3 bdr >1500 sf sell for ~550-600K and rent for low 2000s. 250x. I wish I could get $1500 rent!!! Or the townhouse for 400K! 300K??? No way, no how. I hear these multipliers of 150x, and I think those are totally wild dreams which I am going to ignore, otherwise I’ll go crazy with frustration.

It’s true the rents have decreased a little bit. School district is pretty good though not quite as good as Poway Unified or Del mar.

FWIW, I have seen houses in PUSD, 4 bdr ~2000sf that rent for mid 2000s but cost about 550-600K. So the multiplier seems to be around 200-225x.

I just don’t see a scenario in which either rents almost double or the current prices drop another 200K (30%) to get to 150x multiplier.

[Scarlett]

Townhouses in UTC, built in mid 80s, 3 bdr >1500 sf sell for ~550-600K and rent for low 2000s. 250x. I wish I could get $1500 rent!!! Or the townhouse for 400K! 300K??? No way, no how. I hear these multipliers of 150x, and I think those are totally wild dreams which I am going to ignore, otherwise I’ll go crazy with frustration.

It’s true the rents have decreased a little bit. School district is pretty good though not quite as good as Poway Unified or Del mar.

FWIW, I have seen houses in PUSD, 4 bdr ~2000sf that rent for mid 2000s but cost about 550-600K. So the multiplier seems to be around 200-225x.

I just don’t see a scenario in which either rents almost double or the current prices drop another 200K (30%) to get to 150x multiplier.

[Scarlett]

Townhouses in UTC, built in mid 80s, 3 bdr >1500 sf sell for ~550-600K and rent for low 2000s. 250x. I wish I could get $1500 rent!!! Or the townhouse for 400K! 300K??? No way, no how. I hear these multipliers of 150x, and I think those are totally wild dreams which I am going to ignore, otherwise I’ll go crazy with frustration.

It’s true the rents have decreased a little bit. School district is pretty good though not quite as good as Poway Unified or Del mar.

FWIW, I have seen houses in PUSD, 4 bdr ~2000sf that rent for mid 2000s but cost about 550-600K. So the multiplier seems to be around 200-225x.

I just don’t see a scenario in which either rents almost double or the current prices drop another 200K (30%) to get to 150x multiplier.

[Scarlett]

Townhouses in UTC, built in mid 80s, 3 bdr >1500 sf sell for ~550-600K and rent for low 2000s. 250x. I wish I could get $1500 rent!!! Or the townhouse for 400K! 300K??? No way, no how. I hear these multipliers of 150x, and I think those are totally wild dreams which I am going to ignore, otherwise I’ll go crazy with frustration.

It’s true the rents have decreased a little bit. School district is pretty good though not quite as good as Poway Unified or Del mar.

FWIW, I have seen houses in PUSD, 4 bdr ~2000sf that rent for mid 2000s but cost about 550-600K. So the multiplier seems to be around 200-225x.

I just don’t see a scenario in which either rents almost double or the current prices drop another 200K (30%) to get to 150x multiplier.

[Scarlett]

Townhouses in UTC, built in mid 80s, 3 bdr >1500 sf sell for ~550-600K and rent for low 2000s. 250x. I wish I could get $1500 rent!!! Or the townhouse for 400K! 300K??? No way, no how. I hear these multipliers of 150x, and I think those are totally wild dreams which I am going to ignore, otherwise I’ll go crazy with frustration.

It’s true the rents have decreased a little bit. School district is pretty good though not quite as good as Poway Unified or Del mar.

FWIW, I have seen houses in PUSD, 4 bdr ~2000sf that rent for mid 2000s but cost about 550-600K. So the multiplier seems to be around 200-225x.

I just don’t see a scenario in which either rents almost double or the current prices drop another 200K (30%) to get to 150x multiplier.

[Scarlett]

[quote=scaredycat]another thought — , there may be a bunch of these fha loans out there having originated in 07, 08, 09, 10 etc., with owners looking to sell. qualified buyers with some cash might be able to get good mortgage rates even into a high mortgage rate environment from all these fha mortgages littering the landscape.[/quote]
Exactly. The unknown being just what fraction of those owners will be selling, and when? If the prices go down, more would be trying to sell soon. They may do a short sale though. If the prices go up, they may hold on for longer.

[Scarlett]

[quote=scaredycat]another thought — , there may be a bunch of these fha loans out there having originated in 07, 08, 09, 10 etc., with owners looking to sell. qualified buyers with some cash might be able to get good mortgage rates even into a high mortgage rate environment from all these fha mortgages littering the landscape.[/quote]
Exactly. The unknown being just what fraction of those owners will be selling, and when? If the prices go down, more would be trying to sell soon. They may do a short sale though. If the prices go up, they may hold on for longer.

[Scarlett]

[quote=scaredycat]another thought — , there may be a bunch of these fha loans out there having originated in 07, 08, 09, 10 etc., with owners looking to sell. qualified buyers with some cash might be able to get good mortgage rates even into a high mortgage rate environment from all these fha mortgages littering the landscape.[/quote]
Exactly. The unknown being just what fraction of those owners will be selling, and when? If the prices go down, more would be trying to sell soon. They may do a short sale though. If the prices go up, they may hold on for longer.

[Scarlett]

[quote=scaredycat]another thought — , there may be a bunch of these fha loans out there having originated in 07, 08, 09, 10 etc., with owners looking to sell. qualified buyers with some cash might be able to get good mortgage rates even into a high mortgage rate environment from all these fha mortgages littering the landscape.[/quote]
Exactly. The unknown being just what fraction of those owners will be selling, and when? If the prices go down, more would be trying to sell soon. They may do a short sale though. If the prices go up, they may hold on for longer.

[Author]

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