[temeculaguy]

Rt.66, If I give you a little history lesson, you will whine and complain that the ministry of misinformation is spinning again.

So before I explain that this has happened before, will happen again and has been profitable in the past, let’s agree on the fact that we are in an R/E meltdown, we did just have an epic bubble and we are experiencing the worst nominal price drops and foreclosures of our lifetimes. These are things we all agree on, we disagree on where we are going to end up, what 2010, 2011 and 2015 will look like. Without furhter ado:

In the early mid 1990’s, in Temecula, a number of tracts that had yet to open, shut down. In about 1995 they demolished the models to a tract on the north side of town, off nicholas road on the north side of N.General Kearney. Foundations for the first few phases were poured, all utilswere in and the models were framed and roofed but not quite done yet. After they mowed them down (unknown if “they” was the builder or the bank) they sat for a few years. In 1997/1998 they built bigger models and began selling them. The market had changed a little, the houses were larger than the old models had been but they were priced higher and as things turned around, each year they sold them for more and then opened a few other tracts and so on. But during the down cycle, whoever owned that land chose to not build and not to finish or maintain a dozen houses. When they shut down, houses were going for 120-140k, they started selling them in 1998 for about that same price and by the time they finished in 2003, they were getting 330k. So in hindsight, they made the right call, scrap the project, wait a few years and then build when demand returns, they recouped the loss of the models, the taxes and the interest by selling a few hundred houses for double or triple what they were selling for just a few years earlier. That is what investors try to do, they try to time things, in that case they were right. On the opposite side of the street, there were two tracts and they were more than half done when the downturn hit, so they just finished their tracts, made less or no money and stopped building new tract, they chose to finish up because they were mostly done but if they had started, they likely would have quit.

Temeku hills also fenced in a beautiful golf course and built nothing for a few years, I used to think they were crazy, but in hindsight it made them more money to wait. It also may have changed hands wile it was fenced in, we didn;t have the internet and I didn’t follow things that closely then.

It’s not the apocolypse, it’s business, it’s part of the cycle.

[temeculaguy]

Rt.66, If I give you a little history lesson, you will whine and complain that the ministry of misinformation is spinning again.

So before I explain that this has happened before, will happen again and has been profitable in the past, let’s agree on the fact that we are in an R/E meltdown, we did just have an epic bubble and we are experiencing the worst nominal price drops and foreclosures of our lifetimes. These are things we all agree on, we disagree on where we are going to end up, what 2010, 2011 and 2015 will look like. Without furhter ado:

In the early mid 1990’s, in Temecula, a number of tracts that had yet to open, shut down. In about 1995 they demolished the models to a tract on the north side of town, off nicholas road on the north side of N.General Kearney. Foundations for the first few phases were poured, all utilswere in and the models were framed and roofed but not quite done yet. After they mowed them down (unknown if “they” was the builder or the bank) they sat for a few years. In 1997/1998 they built bigger models and began selling them. The market had changed a little, the houses were larger than the old models had been but they were priced higher and as things turned around, each year they sold them for more and then opened a few other tracts and so on. But during the down cycle, whoever owned that land chose to not build and not to finish or maintain a dozen houses. When they shut down, houses were going for 120-140k, they started selling them in 1998 for about that same price and by the time they finished in 2003, they were getting 330k. So in hindsight, they made the right call, scrap the project, wait a few years and then build when demand returns, they recouped the loss of the models, the taxes and the interest by selling a few hundred houses for double or triple what they were selling for just a few years earlier. That is what investors try to do, they try to time things, in that case they were right. On the opposite side of the street, there were two tracts and they were more than half done when the downturn hit, so they just finished their tracts, made less or no money and stopped building new tract, they chose to finish up because they were mostly done but if they had started, they likely would have quit.

Temeku hills also fenced in a beautiful golf course and built nothing for a few years, I used to think they were crazy, but in hindsight it made them more money to wait. It also may have changed hands wile it was fenced in, we didn;t have the internet and I didn’t follow things that closely then.

It’s not the apocolypse, it’s business, it’s part of the cycle.

[temeculaguy]

Rt.66, If I give you a little history lesson, you will whine and complain that the ministry of misinformation is spinning again.

So before I explain that this has happened before, will happen again and has been profitable in the past, let’s agree on the fact that we are in an R/E meltdown, we did just have an epic bubble and we are experiencing the worst nominal price drops and foreclosures of our lifetimes. These are things we all agree on, we disagree on where we are going to end up, what 2010, 2011 and 2015 will look like. Without furhter ado:

In the early mid 1990’s, in Temecula, a number of tracts that had yet to open, shut down. In about 1995 they demolished the models to a tract on the north side of town, off nicholas road on the north side of N.General Kearney. Foundations for the first few phases were poured, all utilswere in and the models were framed and roofed but not quite done yet. After they mowed them down (unknown if “they” was the builder or the bank) they sat for a few years. In 1997/1998 they built bigger models and began selling them. The market had changed a little, the houses were larger than the old models had been but they were priced higher and as things turned around, each year they sold them for more and then opened a few other tracts and so on. But during the down cycle, whoever owned that land chose to not build and not to finish or maintain a dozen houses. When they shut down, houses were going for 120-140k, they started selling them in 1998 for about that same price and by the time they finished in 2003, they were getting 330k. So in hindsight, they made the right call, scrap the project, wait a few years and then build when demand returns, they recouped the loss of the models, the taxes and the interest by selling a few hundred houses for double or triple what they were selling for just a few years earlier. That is what investors try to do, they try to time things, in that case they were right. On the opposite side of the street, there were two tracts and they were more than half done when the downturn hit, so they just finished their tracts, made less or no money and stopped building new tract, they chose to finish up because they were mostly done but if they had started, they likely would have quit.

Temeku hills also fenced in a beautiful golf course and built nothing for a few years, I used to think they were crazy, but in hindsight it made them more money to wait. It also may have changed hands wile it was fenced in, we didn;t have the internet and I didn’t follow things that closely then.

It’s not the apocolypse, it’s business, it’s part of the cycle.

[temeculaguy]

Rt.66, If I give you a little history lesson, you will whine and complain that the ministry of misinformation is spinning again.

So before I explain that this has happened before, will happen again and has been profitable in the past, let’s agree on the fact that we are in an R/E meltdown, we did just have an epic bubble and we are experiencing the worst nominal price drops and foreclosures of our lifetimes. These are things we all agree on, we disagree on where we are going to end up, what 2010, 2011 and 2015 will look like. Without furhter ado:

In the early mid 1990’s, in Temecula, a number of tracts that had yet to open, shut down. In about 1995 they demolished the models to a tract on the north side of town, off nicholas road on the north side of N.General Kearney. Foundations for the first few phases were poured, all utilswere in and the models were framed and roofed but not quite done yet. After they mowed them down (unknown if “they” was the builder or the bank) they sat for a few years. In 1997/1998 they built bigger models and began selling them. The market had changed a little, the houses were larger than the old models had been but they were priced higher and as things turned around, each year they sold them for more and then opened a few other tracts and so on. But during the down cycle, whoever owned that land chose to not build and not to finish or maintain a dozen houses. When they shut down, houses were going for 120-140k, they started selling them in 1998 for about that same price and by the time they finished in 2003, they were getting 330k. So in hindsight, they made the right call, scrap the project, wait a few years and then build when demand returns, they recouped the loss of the models, the taxes and the interest by selling a few hundred houses for double or triple what they were selling for just a few years earlier. That is what investors try to do, they try to time things, in that case they were right. On the opposite side of the street, there were two tracts and they were more than half done when the downturn hit, so they just finished their tracts, made less or no money and stopped building new tract, they chose to finish up because they were mostly done but if they had started, they likely would have quit.

Temeku hills also fenced in a beautiful golf course and built nothing for a few years, I used to think they were crazy, but in hindsight it made them more money to wait. It also may have changed hands wile it was fenced in, we didn;t have the internet and I didn’t follow things that closely then.

It’s not the apocolypse, it’s business, it’s part of the cycle.

[temeculaguy]

Temeku and carlsbadworker are in, maybe I’ll make a new thread and hammer out some dates/locations

[temeculaguy]

Temeku and carlsbadworker are in, maybe I’ll make a new thread and hammer out some dates/locations

[temeculaguy]

Temeku and carlsbadworker are in, maybe I’ll make a new thread and hammer out some dates/locations

[temeculaguy]

Temeku and carlsbadworker are in, maybe I’ll make a new thread and hammer out some dates/locations

[temeculaguy]

Temeku and carlsbadworker are in, maybe I’ll make a new thread and hammer out some dates/locations

[temeculaguy]

Bob, post a link unless you are thinking of buying it. Maybe that 259k bolsters my argument, it can be a low water mark and if things get much worse and you can find it for 175 come summer, then I was wrong. One thing to consider when looking at list prices, it is a strategy of some reo listing agents to list an extremely low price and get the bidding war going. I also don’t like using short sale prices for guaging things. Closed sales price is the best but obviously it is a few months behind for guaging sentiment and raw data includes sales back to the bank. The best way is to track that house and see what it goes for, what it closes at or better yet, wait two days and call the realtor yourself. Tell them you are unrepresented and want to know if you put in a full price offer would it be worth your time. If there are 10 offers on the second day, all over list, then the list price was was merely a launching point, if it’s still sitting there without offers after 48 hours, then that is when you move in with 225k. I don’t know the house so i can’t give you a specific opinion. I’m seeing new listings at about the same as they have been since December, which is why i feel thigs are tapering off.

Here are some examples I see at low water marks.

a 2/2 condoish apartment, rents for about a grand, maybe a little more, 100k, sold new in 2005 for 280k

http://www.redfin.com/CA/Temecula/44758-Adam-Ln-92592/home/6684608

200 hoa, about 150 in taxes (current taxes of 3300 yr are based on a 255 valuation) and your true cost for 100k on a thirty year (assuming no down for dollar cost purposes only) for 100k at 5% is $536. So you can buy this for under $900 a month for principal, interest, taxes and hoa. Insurance is partially covered by the hoa for structure, a contents policy will add $30 a month. Factor in the tax deduction and you are between $600 and $700 net cost, no yardwork, a pool and a gym.

You can buy one for grandma, your kid, the guy working at in n out can buy it and he can walk to work. I toured these when they were new and the news and the economy were great, they didn’t make sense at 280k, I look at them now, flirting with 5 digits, with the news and economy being all bad and it makes sense to me now. Not for appreciation but because of affordability, a hedge against inflation for those on a fixed income.

[temeculaguy]

Bob, post a link unless you are thinking of buying it. Maybe that 259k bolsters my argument, it can be a low water mark and if things get much worse and you can find it for 175 come summer, then I was wrong. One thing to consider when looking at list prices, it is a strategy of some reo listing agents to list an extremely low price and get the bidding war going. I also don’t like using short sale prices for guaging things. Closed sales price is the best but obviously it is a few months behind for guaging sentiment and raw data includes sales back to the bank. The best way is to track that house and see what it goes for, what it closes at or better yet, wait two days and call the realtor yourself. Tell them you are unrepresented and want to know if you put in a full price offer would it be worth your time. If there are 10 offers on the second day, all over list, then the list price was was merely a launching point, if it’s still sitting there without offers after 48 hours, then that is when you move in with 225k. I don’t know the house so i can’t give you a specific opinion. I’m seeing new listings at about the same as they have been since December, which is why i feel thigs are tapering off.

Here are some examples I see at low water marks.

a 2/2 condoish apartment, rents for about a grand, maybe a little more, 100k, sold new in 2005 for 280k

http://www.redfin.com/CA/Temecula/44758-Adam-Ln-92592/home/6684608

200 hoa, about 150 in taxes (current taxes of 3300 yr are based on a 255 valuation) and your true cost for 100k on a thirty year (assuming no down for dollar cost purposes only) for 100k at 5% is $536. So you can buy this for under $900 a month for principal, interest, taxes and hoa. Insurance is partially covered by the hoa for structure, a contents policy will add $30 a month. Factor in the tax deduction and you are between $600 and $700 net cost, no yardwork, a pool and a gym.

You can buy one for grandma, your kid, the guy working at in n out can buy it and he can walk to work. I toured these when they were new and the news and the economy were great, they didn’t make sense at 280k, I look at them now, flirting with 5 digits, with the news and economy being all bad and it makes sense to me now. Not for appreciation but because of affordability, a hedge against inflation for those on a fixed income.

[temeculaguy]

Bob, post a link unless you are thinking of buying it. Maybe that 259k bolsters my argument, it can be a low water mark and if things get much worse and you can find it for 175 come summer, then I was wrong. One thing to consider when looking at list prices, it is a strategy of some reo listing agents to list an extremely low price and get the bidding war going. I also don’t like using short sale prices for guaging things. Closed sales price is the best but obviously it is a few months behind for guaging sentiment and raw data includes sales back to the bank. The best way is to track that house and see what it goes for, what it closes at or better yet, wait two days and call the realtor yourself. Tell them you are unrepresented and want to know if you put in a full price offer would it be worth your time. If there are 10 offers on the second day, all over list, then the list price was was merely a launching point, if it’s still sitting there without offers after 48 hours, then that is when you move in with 225k. I don’t know the house so i can’t give you a specific opinion. I’m seeing new listings at about the same as they have been since December, which is why i feel thigs are tapering off.

Here are some examples I see at low water marks.

a 2/2 condoish apartment, rents for about a grand, maybe a little more, 100k, sold new in 2005 for 280k

http://www.redfin.com/CA/Temecula/44758-Adam-Ln-92592/home/6684608

200 hoa, about 150 in taxes (current taxes of 3300 yr are based on a 255 valuation) and your true cost for 100k on a thirty year (assuming no down for dollar cost purposes only) for 100k at 5% is $536. So you can buy this for under $900 a month for principal, interest, taxes and hoa. Insurance is partially covered by the hoa for structure, a contents policy will add $30 a month. Factor in the tax deduction and you are between $600 and $700 net cost, no yardwork, a pool and a gym.

You can buy one for grandma, your kid, the guy working at in n out can buy it and he can walk to work. I toured these when they were new and the news and the economy were great, they didn’t make sense at 280k, I look at them now, flirting with 5 digits, with the news and economy being all bad and it makes sense to me now. Not for appreciation but because of affordability, a hedge against inflation for those on a fixed income.

[temeculaguy]

Bob, post a link unless you are thinking of buying it. Maybe that 259k bolsters my argument, it can be a low water mark and if things get much worse and you can find it for 175 come summer, then I was wrong. One thing to consider when looking at list prices, it is a strategy of some reo listing agents to list an extremely low price and get the bidding war going. I also don’t like using short sale prices for guaging things. Closed sales price is the best but obviously it is a few months behind for guaging sentiment and raw data includes sales back to the bank. The best way is to track that house and see what it goes for, what it closes at or better yet, wait two days and call the realtor yourself. Tell them you are unrepresented and want to know if you put in a full price offer would it be worth your time. If there are 10 offers on the second day, all over list, then the list price was was merely a launching point, if it’s still sitting there without offers after 48 hours, then that is when you move in with 225k. I don’t know the house so i can’t give you a specific opinion. I’m seeing new listings at about the same as they have been since December, which is why i feel thigs are tapering off.

Here are some examples I see at low water marks.

a 2/2 condoish apartment, rents for about a grand, maybe a little more, 100k, sold new in 2005 for 280k

http://www.redfin.com/CA/Temecula/44758-Adam-Ln-92592/home/6684608

200 hoa, about 150 in taxes (current taxes of 3300 yr are based on a 255 valuation) and your true cost for 100k on a thirty year (assuming no down for dollar cost purposes only) for 100k at 5% is $536. So you can buy this for under $900 a month for principal, interest, taxes and hoa. Insurance is partially covered by the hoa for structure, a contents policy will add $30 a month. Factor in the tax deduction and you are between $600 and $700 net cost, no yardwork, a pool and a gym.

You can buy one for grandma, your kid, the guy working at in n out can buy it and he can walk to work. I toured these when they were new and the news and the economy were great, they didn’t make sense at 280k, I look at them now, flirting with 5 digits, with the news and economy being all bad and it makes sense to me now. Not for appreciation but because of affordability, a hedge against inflation for those on a fixed income.

[temeculaguy]

Bob, post a link unless you are thinking of buying it. Maybe that 259k bolsters my argument, it can be a low water mark and if things get much worse and you can find it for 175 come summer, then I was wrong. One thing to consider when looking at list prices, it is a strategy of some reo listing agents to list an extremely low price and get the bidding war going. I also don’t like using short sale prices for guaging things. Closed sales price is the best but obviously it is a few months behind for guaging sentiment and raw data includes sales back to the bank. The best way is to track that house and see what it goes for, what it closes at or better yet, wait two days and call the realtor yourself. Tell them you are unrepresented and want to know if you put in a full price offer would it be worth your time. If there are 10 offers on the second day, all over list, then the list price was was merely a launching point, if it’s still sitting there without offers after 48 hours, then that is when you move in with 225k. I don’t know the house so i can’t give you a specific opinion. I’m seeing new listings at about the same as they have been since December, which is why i feel thigs are tapering off.

Here are some examples I see at low water marks.

a 2/2 condoish apartment, rents for about a grand, maybe a little more, 100k, sold new in 2005 for 280k

http://www.redfin.com/CA/Temecula/44758-Adam-Ln-92592/home/6684608

200 hoa, about 150 in taxes (current taxes of 3300 yr are based on a 255 valuation) and your true cost for 100k on a thirty year (assuming no down for dollar cost purposes only) for 100k at 5% is $536. So you can buy this for under $900 a month for principal, interest, taxes and hoa. Insurance is partially covered by the hoa for structure, a contents policy will add $30 a month. Factor in the tax deduction and you are between $600 and $700 net cost, no yardwork, a pool and a gym.

You can buy one for grandma, your kid, the guy working at in n out can buy it and he can walk to work. I toured these when they were new and the news and the economy were great, they didn’t make sense at 280k, I look at them now, flirting with 5 digits, with the news and economy being all bad and it makes sense to me now. Not for appreciation but because of affordability, a hedge against inflation for those on a fixed income.

[temeculaguy]

[quote=Aecetia]Only you would turn this pandemic into an opportunity to misbehave. Why not use your old line about having the antidote or antibodies in your system?[/quote]

Great idea!! I’ll give it a few days and then put that pick up line into full force, perhaps I’ll incorporate it into my many online dating profiles. My new headline will read “I survived swine flu, the good news is that my body fluids are a vaccine.” I’ll bet you a dollar it works.

[Author]

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