[sdnerd]

Re: jpinpb

No, I honestly don’t believe there have been massive layoffs in this area. Real estate jobs in general, absolutely – and we will all feel the trickle effect as a result.

However, I think it’s safe to say there aren’t too many plumbers living in Fairbanks Ranch. This particular pocket area is very heavy into Tech and BioTech companies and right now many of the big players are still hiring left and right.

Until I see Qualcomm, Intuit, or any of the other big guns around here swinging the axe heavily I think rents will hold up quite strong here. Especially as home sales keep falling off a cliff – and the renter pool keeps growing.

As gas moves up to $4-5/gallon and pocket books tighten. People are going to want to live closer to work. And as long as this area is heavy in jobs, I just don’t see 2 bedroom units renting for $1,000/mo. It’s a 2-5 minute drive to just about any of the big companies in the area, close enough you could ride your bike if you wanted.

I’m of the same mindset as those who believe after the dust settles (with major price cuts), the downtown condos will be good long term buys. And that areas like CV will hold out the longest & the strongest and ultimately will not see 60% price chops but rather will take a hit then stay flat for a long time. Now places like Murrieta, etc….

Of course I could be completely wrong. Too many variables, too many unknowns until it all plays out.

[sdnerd]

I don’t recall about the fireplace; I don’t have one. Agree they are worthless.

To fall below $200k they’d need another 30% price reduction on top of the 33% they’ve already fallen. At that point 1 bedrooms would be around $120k. A bit of wishful thinking IMHO, like the people who think they will be buying a $800k originally priced home in CV for $300k (as much as I wouldn’t mind that).

Rents would have to plunge, and there would have to be massive layoffs in the surrounding area.

I’d put my money on government bailouts way before I placed that bet.

With the constant rate cuts, cash will be earning no interest any day now. And at those prices, heck I’d buy a few with cash and then play jingle mail with my original purchase.

Time will tell, and maybe I’m biased. I just know too many people with truckloads of cash who are running out of places to put it & itching to buy. Paying $20-40k/year in rent does have its cost as much as people tend to ignore it sometimes on sites like this.

As the #s start penciling out better, I think they’ll start getting bought up – let alone all the crazy ideas the government is kicking around. They are going to keep doing something, whether it helps or not it’s already slowed the pain train down. And I suspect they aren’t done yet, not by a long shot.

[sdnerd]

I don’t recall about the fireplace; I don’t have one. Agree they are worthless.

To fall below $200k they’d need another 30% price reduction on top of the 33% they’ve already fallen. At that point 1 bedrooms would be around $120k. A bit of wishful thinking IMHO, like the people who think they will be buying a $800k originally priced home in CV for $300k (as much as I wouldn’t mind that).

Rents would have to plunge, and there would have to be massive layoffs in the surrounding area.

I’d put my money on government bailouts way before I placed that bet.

With the constant rate cuts, cash will be earning no interest any day now. And at those prices, heck I’d buy a few with cash and then play jingle mail with my original purchase.

Time will tell, and maybe I’m biased. I just know too many people with truckloads of cash who are running out of places to put it & itching to buy. Paying $20-40k/year in rent does have its cost as much as people tend to ignore it sometimes on sites like this.

As the #s start penciling out better, I think they’ll start getting bought up – let alone all the crazy ideas the government is kicking around. They are going to keep doing something, whether it helps or not it’s already slowed the pain train down. And I suspect they aren’t done yet, not by a long shot.

[sdnerd]

I don’t recall about the fireplace; I don’t have one. Agree they are worthless.

To fall below $200k they’d need another 30% price reduction on top of the 33% they’ve already fallen. At that point 1 bedrooms would be around $120k. A bit of wishful thinking IMHO, like the people who think they will be buying a $800k originally priced home in CV for $300k (as much as I wouldn’t mind that).

Rents would have to plunge, and there would have to be massive layoffs in the surrounding area.

I’d put my money on government bailouts way before I placed that bet.

With the constant rate cuts, cash will be earning no interest any day now. And at those prices, heck I’d buy a few with cash and then play jingle mail with my original purchase.

Time will tell, and maybe I’m biased. I just know too many people with truckloads of cash who are running out of places to put it & itching to buy. Paying $20-40k/year in rent does have its cost as much as people tend to ignore it sometimes on sites like this.

As the #s start penciling out better, I think they’ll start getting bought up – let alone all the crazy ideas the government is kicking around. They are going to keep doing something, whether it helps or not it’s already slowed the pain train down. And I suspect they aren’t done yet, not by a long shot.

[sdnerd]

I don’t recall about the fireplace; I don’t have one. Agree they are worthless.

To fall below $200k they’d need another 30% price reduction on top of the 33% they’ve already fallen. At that point 1 bedrooms would be around $120k. A bit of wishful thinking IMHO, like the people who think they will be buying a $800k originally priced home in CV for $300k (as much as I wouldn’t mind that).

Rents would have to plunge, and there would have to be massive layoffs in the surrounding area.

I’d put my money on government bailouts way before I placed that bet.

With the constant rate cuts, cash will be earning no interest any day now. And at those prices, heck I’d buy a few with cash and then play jingle mail with my original purchase.

Time will tell, and maybe I’m biased. I just know too many people with truckloads of cash who are running out of places to put it & itching to buy. Paying $20-40k/year in rent does have its cost as much as people tend to ignore it sometimes on sites like this.

As the #s start penciling out better, I think they’ll start getting bought up – let alone all the crazy ideas the government is kicking around. They are going to keep doing something, whether it helps or not it’s already slowed the pain train down. And I suspect they aren’t done yet, not by a long shot.

[sdnerd]

I don’t recall about the fireplace; I don’t have one. Agree they are worthless.

To fall below $200k they’d need another 30% price reduction on top of the 33% they’ve already fallen. At that point 1 bedrooms would be around $120k. A bit of wishful thinking IMHO, like the people who think they will be buying a $800k originally priced home in CV for $300k (as much as I wouldn’t mind that).

Rents would have to plunge, and there would have to be massive layoffs in the surrounding area.

I’d put my money on government bailouts way before I placed that bet.

With the constant rate cuts, cash will be earning no interest any day now. And at those prices, heck I’d buy a few with cash and then play jingle mail with my original purchase.

Time will tell, and maybe I’m biased. I just know too many people with truckloads of cash who are running out of places to put it & itching to buy. Paying $20-40k/year in rent does have its cost as much as people tend to ignore it sometimes on sites like this.

As the #s start penciling out better, I think they’ll start getting bought up – let alone all the crazy ideas the government is kicking around. They are going to keep doing something, whether it helps or not it’s already slowed the pain train down. And I suspect they aren’t done yet, not by a long shot.

[sdnerd]

Doubtful 2bdrms will fall below $200k. Comparable rents are $1,800-2,000. Rents would have to fall significantly, or we’d have one major over-correction.

Last 2bdrm sold was $300k, with highs of around $450k I believe. The last 1bdrm sold for $230k, highs of around $340k.

They will come down some more, but I think the price reductions will start moving up the ladder with the lower end slowing down.

Fireplace comment spot on – if you rent or buy a unit, get one without the FP. Very significant space difference.

I had the 1 vs 2 bedroom debate before I purchased. I chose 1 bdrm as it allowed to have much lower monthlies, allowing me stockpile a horde of cash. Easier to sell a 2 bedroom, but you can always rent the cheapest unit in a complex. Pros & Cons.

[sdnerd]

Doubtful 2bdrms will fall below $200k. Comparable rents are $1,800-2,000. Rents would have to fall significantly, or we’d have one major over-correction.

Last 2bdrm sold was $300k, with highs of around $450k I believe. The last 1bdrm sold for $230k, highs of around $340k.

They will come down some more, but I think the price reductions will start moving up the ladder with the lower end slowing down.

Fireplace comment spot on – if you rent or buy a unit, get one without the FP. Very significant space difference.

I had the 1 vs 2 bedroom debate before I purchased. I chose 1 bdrm as it allowed to have much lower monthlies, allowing me stockpile a horde of cash. Easier to sell a 2 bedroom, but you can always rent the cheapest unit in a complex. Pros & Cons.

[sdnerd]

Doubtful 2bdrms will fall below $200k. Comparable rents are $1,800-2,000. Rents would have to fall significantly, or we’d have one major over-correction.

Last 2bdrm sold was $300k, with highs of around $450k I believe. The last 1bdrm sold for $230k, highs of around $340k.

They will come down some more, but I think the price reductions will start moving up the ladder with the lower end slowing down.

Fireplace comment spot on – if you rent or buy a unit, get one without the FP. Very significant space difference.

I had the 1 vs 2 bedroom debate before I purchased. I chose 1 bdrm as it allowed to have much lower monthlies, allowing me stockpile a horde of cash. Easier to sell a 2 bedroom, but you can always rent the cheapest unit in a complex. Pros & Cons.

[sdnerd]

Doubtful 2bdrms will fall below $200k. Comparable rents are $1,800-2,000. Rents would have to fall significantly, or we’d have one major over-correction.

Last 2bdrm sold was $300k, with highs of around $450k I believe. The last 1bdrm sold for $230k, highs of around $340k.

They will come down some more, but I think the price reductions will start moving up the ladder with the lower end slowing down.

Fireplace comment spot on – if you rent or buy a unit, get one without the FP. Very significant space difference.

I had the 1 vs 2 bedroom debate before I purchased. I chose 1 bdrm as it allowed to have much lower monthlies, allowing me stockpile a horde of cash. Easier to sell a 2 bedroom, but you can always rent the cheapest unit in a complex. Pros & Cons.

[sdnerd]

Doubtful 2bdrms will fall below $200k. Comparable rents are $1,800-2,000. Rents would have to fall significantly, or we’d have one major over-correction.

Last 2bdrm sold was $300k, with highs of around $450k I believe. The last 1bdrm sold for $230k, highs of around $340k.

They will come down some more, but I think the price reductions will start moving up the ladder with the lower end slowing down.

Fireplace comment spot on – if you rent or buy a unit, get one without the FP. Very significant space difference.

I had the 1 vs 2 bedroom debate before I purchased. I chose 1 bdrm as it allowed to have much lower monthlies, allowing me stockpile a horde of cash. Easier to sell a 2 bedroom, but you can always rent the cheapest unit in a complex. Pros & Cons.

[sdnerd]

I posted a while back that I anticipate these falling to ~$180k, potentially $150k if there is an overcorrection.

All the other 1 bedrooms are listed around $220-230k right now last I looked; this one just had a big price drop.

I purchased a 1 bedroom a little over 4 years ago and have been living here as my primary residence. I wouldn’t call it resort living by any means, but you don’t live here for that IMHO. It’s all about easy access to the freeway & surrounding office complexes – at least that was my big attraction. The new park right across the street is also quite nice. Should be pretty easy to rent out in a year or two.

The garages are quite large; I suppose if you wanted to store valuables in them that would not be a good idea. But if you just want an indoor spot for your car and some locking cabinets they are great. There have been some plumbing issues, but hopefully they are all sorted now.

By in large though, compared to many of the complexes in the UTC area I liked this one the most.

Breaking the $200k barrier though is big in my mind, will be curious to see how the other sellers react – and how quickly this one sells (and at what price).

[sdnerd]

I posted a while back that I anticipate these falling to ~$180k, potentially $150k if there is an overcorrection.

All the other 1 bedrooms are listed around $220-230k right now last I looked; this one just had a big price drop.

I purchased a 1 bedroom a little over 4 years ago and have been living here as my primary residence. I wouldn’t call it resort living by any means, but you don’t live here for that IMHO. It’s all about easy access to the freeway & surrounding office complexes – at least that was my big attraction. The new park right across the street is also quite nice. Should be pretty easy to rent out in a year or two.

The garages are quite large; I suppose if you wanted to store valuables in them that would not be a good idea. But if you just want an indoor spot for your car and some locking cabinets they are great. There have been some plumbing issues, but hopefully they are all sorted now.

By in large though, compared to many of the complexes in the UTC area I liked this one the most.

Breaking the $200k barrier though is big in my mind, will be curious to see how the other sellers react – and how quickly this one sells (and at what price).

[sdnerd]

I posted a while back that I anticipate these falling to ~$180k, potentially $150k if there is an overcorrection.

All the other 1 bedrooms are listed around $220-230k right now last I looked; this one just had a big price drop.

I purchased a 1 bedroom a little over 4 years ago and have been living here as my primary residence. I wouldn’t call it resort living by any means, but you don’t live here for that IMHO. It’s all about easy access to the freeway & surrounding office complexes – at least that was my big attraction. The new park right across the street is also quite nice. Should be pretty easy to rent out in a year or two.

The garages are quite large; I suppose if you wanted to store valuables in them that would not be a good idea. But if you just want an indoor spot for your car and some locking cabinets they are great. There have been some plumbing issues, but hopefully they are all sorted now.

By in large though, compared to many of the complexes in the UTC area I liked this one the most.

Breaking the $200k barrier though is big in my mind, will be curious to see how the other sellers react – and how quickly this one sells (and at what price).

[sdnerd]

I posted a while back that I anticipate these falling to ~$180k, potentially $150k if there is an overcorrection.

All the other 1 bedrooms are listed around $220-230k right now last I looked; this one just had a big price drop.

I purchased a 1 bedroom a little over 4 years ago and have been living here as my primary residence. I wouldn’t call it resort living by any means, but you don’t live here for that IMHO. It’s all about easy access to the freeway & surrounding office complexes – at least that was my big attraction. The new park right across the street is also quite nice. Should be pretty easy to rent out in a year or two.

The garages are quite large; I suppose if you wanted to store valuables in them that would not be a good idea. But if you just want an indoor spot for your car and some locking cabinets they are great. There have been some plumbing issues, but hopefully they are all sorted now.

By in large though, compared to many of the complexes in the UTC area I liked this one the most.

Breaking the $200k barrier though is big in my mind, will be curious to see how the other sellers react – and how quickly this one sells (and at what price).

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