Forum Replies Created
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AuthorPosts
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sdnerd
ParticipantI 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
ParticipantI 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
ParticipantI 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
ParticipantI 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
ParticipantI 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
ParticipantDoubtful 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
ParticipantDoubtful 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
ParticipantDoubtful 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
ParticipantDoubtful 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
ParticipantDoubtful 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
ParticipantI 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
ParticipantI 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
ParticipantI 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
ParticipantI 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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