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sdnerd
ParticipantVery interesting thread.
I personally would be very concerned in renting a $2,700/mo house there right now. I would imagine just about any rental in that community is running pretty heavy at cash flow negative, although I could be wrong.
Owner occupied I would think would continue to try and make it work in many scenarios for as long as possible. An investor with a ticking ARM bomb renting at cash flow negative…
I’m not saying that would be a strong reason to buy a place, just saying I wouldn’t sleep very well in either scenario. 🙂
ParticipantVery interesting thread.
I personally would be very concerned in renting a $2,700/mo house there right now. I would imagine just about any rental in that community is running pretty heavy at cash flow negative, although I could be wrong.
Owner occupied I would think would continue to try and make it work in many scenarios for as long as possible. An investor with a ticking ARM bomb renting at cash flow negative…
I’m not saying that would be a strong reason to buy a place, just saying I wouldn’t sleep very well in either scenario. 🙂
ParticipantVery interesting thread.
I personally would be very concerned in renting a $2,700/mo house there right now. I would imagine just about any rental in that community is running pretty heavy at cash flow negative, although I could be wrong.
Owner occupied I would think would continue to try and make it work in many scenarios for as long as possible. An investor with a ticking ARM bomb renting at cash flow negative…
I’m not saying that would be a strong reason to buy a place, just saying I wouldn’t sleep very well in either scenario. 🙂
ParticipantVery interesting thread.
I personally would be very concerned in renting a $2,700/mo house there right now. I would imagine just about any rental in that community is running pretty heavy at cash flow negative, although I could be wrong.
Owner occupied I would think would continue to try and make it work in many scenarios for as long as possible. An investor with a ticking ARM bomb renting at cash flow negative…
I’m not saying that would be a strong reason to buy a place, just saying I wouldn’t sleep very well in either scenario. 🙂
September 29, 2008 at 11:11 AM in reply to: 4S Ranch–Comparison of Remaining 4 Builders of 3000 sq ft homes #277098ParticipantI drove around the area this weekend, went into a couple of the models at Del Sur just to check them out.
Had never been into the Sentinels before, actually kind of liked them.
Surprisingly more people looking then I would have thought, a LOT of young Asian couples.
They said it was pretty busy, but the last week had been very slow.
Outside of the models, the actual neighborhoods felt VERY much like a ghost town. Everywhere we drove, no kids playing in the street, most parks were empty and it was just dead silent. I actually prefer it quiet like that, but yeah there was a bit of a creepy factor to it.
September 29, 2008 at 11:11 AM in reply to: 4S Ranch–Comparison of Remaining 4 Builders of 3000 sq ft homes #277357ParticipantI drove around the area this weekend, went into a couple of the models at Del Sur just to check them out.
Had never been into the Sentinels before, actually kind of liked them.
Surprisingly more people looking then I would have thought, a LOT of young Asian couples.
They said it was pretty busy, but the last week had been very slow.
Outside of the models, the actual neighborhoods felt VERY much like a ghost town. Everywhere we drove, no kids playing in the street, most parks were empty and it was just dead silent. I actually prefer it quiet like that, but yeah there was a bit of a creepy factor to it.
September 29, 2008 at 11:11 AM in reply to: 4S Ranch–Comparison of Remaining 4 Builders of 3000 sq ft homes #277373ParticipantI drove around the area this weekend, went into a couple of the models at Del Sur just to check them out.
Had never been into the Sentinels before, actually kind of liked them.
Surprisingly more people looking then I would have thought, a LOT of young Asian couples.
They said it was pretty busy, but the last week had been very slow.
Outside of the models, the actual neighborhoods felt VERY much like a ghost town. Everywhere we drove, no kids playing in the street, most parks were empty and it was just dead silent. I actually prefer it quiet like that, but yeah there was a bit of a creepy factor to it.
September 29, 2008 at 11:11 AM in reply to: 4S Ranch–Comparison of Remaining 4 Builders of 3000 sq ft homes #277406ParticipantI drove around the area this weekend, went into a couple of the models at Del Sur just to check them out.
Had never been into the Sentinels before, actually kind of liked them.
Surprisingly more people looking then I would have thought, a LOT of young Asian couples.
They said it was pretty busy, but the last week had been very slow.
Outside of the models, the actual neighborhoods felt VERY much like a ghost town. Everywhere we drove, no kids playing in the street, most parks were empty and it was just dead silent. I actually prefer it quiet like that, but yeah there was a bit of a creepy factor to it.
September 29, 2008 at 11:11 AM in reply to: 4S Ranch–Comparison of Remaining 4 Builders of 3000 sq ft homes #277419ParticipantI drove around the area this weekend, went into a couple of the models at Del Sur just to check them out.
Had never been into the Sentinels before, actually kind of liked them.
Surprisingly more people looking then I would have thought, a LOT of young Asian couples.
They said it was pretty busy, but the last week had been very slow.
Outside of the models, the actual neighborhoods felt VERY much like a ghost town. Everywhere we drove, no kids playing in the street, most parks were empty and it was just dead silent. I actually prefer it quiet like that, but yeah there was a bit of a creepy factor to it.
ParticipantA long time ago on this board, I predicted that the lower end areas would be creamed but the higher end would hold out long enough for a bailout. After all, it’s not really a problem until the pain trickles up the financial ladder it seems. As soon as it does, suddenly the world is going to end unless we act yesterday.
As much as I hate that viewpoint, that’s still the direction I tend towards.
While it may be too late for Oceanside, Chula Vista, etc – I personally don’t care to live there.
The areas that I, and it seems many others on these forums are anxiously waiting for to fall drastically in price… there’s still quite a bit of time to find a way to keep these people in their homes.
Loan modifications, foreclosure freezes, low interest refinances, who knows what trickery will be used. I just have this unsettling feeling that an artificial floor will be put in place with a long period of no gain and a lot of people living in homes they can’t really afford. Sure a small number of foreclosures will slip through the gates in the interim, and they’ll be met with multiple bids.
That’s my pessimistic viewpoint. 🙂
/Still sitting on the sidelines on a hoard of cash, watching it’s value slip away. Wife pressures building, crazy financial market, and not wanting to catch a falling knife.
ParticipantA long time ago on this board, I predicted that the lower end areas would be creamed but the higher end would hold out long enough for a bailout. After all, it’s not really a problem until the pain trickles up the financial ladder it seems. As soon as it does, suddenly the world is going to end unless we act yesterday.
As much as I hate that viewpoint, that’s still the direction I tend towards.
While it may be too late for Oceanside, Chula Vista, etc – I personally don’t care to live there.
The areas that I, and it seems many others on these forums are anxiously waiting for to fall drastically in price… there’s still quite a bit of time to find a way to keep these people in their homes.
Loan modifications, foreclosure freezes, low interest refinances, who knows what trickery will be used. I just have this unsettling feeling that an artificial floor will be put in place with a long period of no gain and a lot of people living in homes they can’t really afford. Sure a small number of foreclosures will slip through the gates in the interim, and they’ll be met with multiple bids.
That’s my pessimistic viewpoint. 🙂
/Still sitting on the sidelines on a hoard of cash, watching it’s value slip away. Wife pressures building, crazy financial market, and not wanting to catch a falling knife.
ParticipantA long time ago on this board, I predicted that the lower end areas would be creamed but the higher end would hold out long enough for a bailout. After all, it’s not really a problem until the pain trickles up the financial ladder it seems. As soon as it does, suddenly the world is going to end unless we act yesterday.
As much as I hate that viewpoint, that’s still the direction I tend towards.
While it may be too late for Oceanside, Chula Vista, etc – I personally don’t care to live there.
The areas that I, and it seems many others on these forums are anxiously waiting for to fall drastically in price… there’s still quite a bit of time to find a way to keep these people in their homes.
Loan modifications, foreclosure freezes, low interest refinances, who knows what trickery will be used. I just have this unsettling feeling that an artificial floor will be put in place with a long period of no gain and a lot of people living in homes they can’t really afford. Sure a small number of foreclosures will slip through the gates in the interim, and they’ll be met with multiple bids.
That’s my pessimistic viewpoint. 🙂
/Still sitting on the sidelines on a hoard of cash, watching it’s value slip away. Wife pressures building, crazy financial market, and not wanting to catch a falling knife.
ParticipantA long time ago on this board, I predicted that the lower end areas would be creamed but the higher end would hold out long enough for a bailout. After all, it’s not really a problem until the pain trickles up the financial ladder it seems. As soon as it does, suddenly the world is going to end unless we act yesterday.
As much as I hate that viewpoint, that’s still the direction I tend towards.
While it may be too late for Oceanside, Chula Vista, etc – I personally don’t care to live there.
The areas that I, and it seems many others on these forums are anxiously waiting for to fall drastically in price… there’s still quite a bit of time to find a way to keep these people in their homes.
Loan modifications, foreclosure freezes, low interest refinances, who knows what trickery will be used. I just have this unsettling feeling that an artificial floor will be put in place with a long period of no gain and a lot of people living in homes they can’t really afford. Sure a small number of foreclosures will slip through the gates in the interim, and they’ll be met with multiple bids.
That’s my pessimistic viewpoint. 🙂
/Still sitting on the sidelines on a hoard of cash, watching it’s value slip away. Wife pressures building, crazy financial market, and not wanting to catch a falling knife.
ParticipantA long time ago on this board, I predicted that the lower end areas would be creamed but the higher end would hold out long enough for a bailout. After all, it’s not really a problem until the pain trickles up the financial ladder it seems. As soon as it does, suddenly the world is going to end unless we act yesterday.
As much as I hate that viewpoint, that’s still the direction I tend towards.
While it may be too late for Oceanside, Chula Vista, etc – I personally don’t care to live there.
The areas that I, and it seems many others on these forums are anxiously waiting for to fall drastically in price… there’s still quite a bit of time to find a way to keep these people in their homes.
Loan modifications, foreclosure freezes, low interest refinances, who knows what trickery will be used. I just have this unsettling feeling that an artificial floor will be put in place with a long period of no gain and a lot of people living in homes they can’t really afford. Sure a small number of foreclosures will slip through the gates in the interim, and they’ll be met with multiple bids.
That’s my pessimistic viewpoint. 🙂
/Still sitting on the sidelines on a hoard of cash, watching it’s value slip away. Wife pressures building, crazy financial market, and not wanting to catch a falling knife.
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