Forum Replies Created
-
AuthorPosts
-
temeculaguy
ParticipantGo maltese, keep them with a puppy haircut, they wont shed one single hair yet they will require monthly gooming.
ParticipantGo maltese, keep them with a puppy haircut, they wont shed one single hair yet they will require monthly gooming.
ParticipantGo maltese, keep them with a puppy haircut, they wont shed one single hair yet they will require monthly gooming.
ParticipantOkay, not every layoff will result in a “must sell.” However for the 65% of the population that owns, the margin of error has been taken away. Not for everyone, I realize there are pople who own outright or bought 20 years ago, but for a large enough chunk to rock the boat. Those same people who own outright or have 75% equity also didn’t drive the prices up during the boom, it only takes a portion of the market to move it wildly. It’s like freeway traffic, add 10% more cars and it’s gridlock, take 10% away and it feels like nascar.
jp-I know other threads have been talking about how premium areas will be fine and there are plenty of rich people out there, blah, blah, blah, that tired argument has been made for years, it just manifests itself in different ways. There are a couple of things you need to realize about rich people, for the most part they already have a house (with the exception of us reverse flippers and we are a very vocal minority). The other thing about rich people is that they are often fairly smart with their money, most didn’t get rich from the lottery and they try to find the bottom of markets as much or more than those who have to. Real rich people like their money and are careful with it, psuedo rich people aren’t but then again all those people are exactly the ones hurt by the R/E bust. For the real rich folk, their cash is doing fine for them in commodities right now, very few are itching to put their money into arguably the worst investment available right now and unlike you and I, they probably aren’t sweating it out in a rental. Or you can buy into the rehtoric and believe that there are literally thousands of cash buyers just waiting for their turn to buy and until now or until they get thier stimulus check (oh, yeah, anybody who makes the needed income to buy the median house in S.D. earns too much to get a stimulus check). Okay, maybe they’ve been too busy counting their money and now they are ready. Show me the lines of people camping out for the phase releases in the better areas before I’ll believe all is well.
ParticipantOkay, not every layoff will result in a “must sell.” However for the 65% of the population that owns, the margin of error has been taken away. Not for everyone, I realize there are pople who own outright or bought 20 years ago, but for a large enough chunk to rock the boat. Those same people who own outright or have 75% equity also didn’t drive the prices up during the boom, it only takes a portion of the market to move it wildly. It’s like freeway traffic, add 10% more cars and it’s gridlock, take 10% away and it feels like nascar.
jp-I know other threads have been talking about how premium areas will be fine and there are plenty of rich people out there, blah, blah, blah, that tired argument has been made for years, it just manifests itself in different ways. There are a couple of things you need to realize about rich people, for the most part they already have a house (with the exception of us reverse flippers and we are a very vocal minority). The other thing about rich people is that they are often fairly smart with their money, most didn’t get rich from the lottery and they try to find the bottom of markets as much or more than those who have to. Real rich people like their money and are careful with it, psuedo rich people aren’t but then again all those people are exactly the ones hurt by the R/E bust. For the real rich folk, their cash is doing fine for them in commodities right now, very few are itching to put their money into arguably the worst investment available right now and unlike you and I, they probably aren’t sweating it out in a rental. Or you can buy into the rehtoric and believe that there are literally thousands of cash buyers just waiting for their turn to buy and until now or until they get thier stimulus check (oh, yeah, anybody who makes the needed income to buy the median house in S.D. earns too much to get a stimulus check). Okay, maybe they’ve been too busy counting their money and now they are ready. Show me the lines of people camping out for the phase releases in the better areas before I’ll believe all is well.
ParticipantOkay, not every layoff will result in a “must sell.” However for the 65% of the population that owns, the margin of error has been taken away. Not for everyone, I realize there are pople who own outright or bought 20 years ago, but for a large enough chunk to rock the boat. Those same people who own outright or have 75% equity also didn’t drive the prices up during the boom, it only takes a portion of the market to move it wildly. It’s like freeway traffic, add 10% more cars and it’s gridlock, take 10% away and it feels like nascar.
jp-I know other threads have been talking about how premium areas will be fine and there are plenty of rich people out there, blah, blah, blah, that tired argument has been made for years, it just manifests itself in different ways. There are a couple of things you need to realize about rich people, for the most part they already have a house (with the exception of us reverse flippers and we are a very vocal minority). The other thing about rich people is that they are often fairly smart with their money, most didn’t get rich from the lottery and they try to find the bottom of markets as much or more than those who have to. Real rich people like their money and are careful with it, psuedo rich people aren’t but then again all those people are exactly the ones hurt by the R/E bust. For the real rich folk, their cash is doing fine for them in commodities right now, very few are itching to put their money into arguably the worst investment available right now and unlike you and I, they probably aren’t sweating it out in a rental. Or you can buy into the rehtoric and believe that there are literally thousands of cash buyers just waiting for their turn to buy and until now or until they get thier stimulus check (oh, yeah, anybody who makes the needed income to buy the median house in S.D. earns too much to get a stimulus check). Okay, maybe they’ve been too busy counting their money and now they are ready. Show me the lines of people camping out for the phase releases in the better areas before I’ll believe all is well.
ParticipantOkay, not every layoff will result in a “must sell.” However for the 65% of the population that owns, the margin of error has been taken away. Not for everyone, I realize there are pople who own outright or bought 20 years ago, but for a large enough chunk to rock the boat. Those same people who own outright or have 75% equity also didn’t drive the prices up during the boom, it only takes a portion of the market to move it wildly. It’s like freeway traffic, add 10% more cars and it’s gridlock, take 10% away and it feels like nascar.
jp-I know other threads have been talking about how premium areas will be fine and there are plenty of rich people out there, blah, blah, blah, that tired argument has been made for years, it just manifests itself in different ways. There are a couple of things you need to realize about rich people, for the most part they already have a house (with the exception of us reverse flippers and we are a very vocal minority). The other thing about rich people is that they are often fairly smart with their money, most didn’t get rich from the lottery and they try to find the bottom of markets as much or more than those who have to. Real rich people like their money and are careful with it, psuedo rich people aren’t but then again all those people are exactly the ones hurt by the R/E bust. For the real rich folk, their cash is doing fine for them in commodities right now, very few are itching to put their money into arguably the worst investment available right now and unlike you and I, they probably aren’t sweating it out in a rental. Or you can buy into the rehtoric and believe that there are literally thousands of cash buyers just waiting for their turn to buy and until now or until they get thier stimulus check (oh, yeah, anybody who makes the needed income to buy the median house in S.D. earns too much to get a stimulus check). Okay, maybe they’ve been too busy counting their money and now they are ready. Show me the lines of people camping out for the phase releases in the better areas before I’ll believe all is well.
ParticipantOkay, not every layoff will result in a “must sell.” However for the 65% of the population that owns, the margin of error has been taken away. Not for everyone, I realize there are pople who own outright or bought 20 years ago, but for a large enough chunk to rock the boat. Those same people who own outright or have 75% equity also didn’t drive the prices up during the boom, it only takes a portion of the market to move it wildly. It’s like freeway traffic, add 10% more cars and it’s gridlock, take 10% away and it feels like nascar.
jp-I know other threads have been talking about how premium areas will be fine and there are plenty of rich people out there, blah, blah, blah, that tired argument has been made for years, it just manifests itself in different ways. There are a couple of things you need to realize about rich people, for the most part they already have a house (with the exception of us reverse flippers and we are a very vocal minority). The other thing about rich people is that they are often fairly smart with their money, most didn’t get rich from the lottery and they try to find the bottom of markets as much or more than those who have to. Real rich people like their money and are careful with it, psuedo rich people aren’t but then again all those people are exactly the ones hurt by the R/E bust. For the real rich folk, their cash is doing fine for them in commodities right now, very few are itching to put their money into arguably the worst investment available right now and unlike you and I, they probably aren’t sweating it out in a rental. Or you can buy into the rehtoric and believe that there are literally thousands of cash buyers just waiting for their turn to buy and until now or until they get thier stimulus check (oh, yeah, anybody who makes the needed income to buy the median house in S.D. earns too much to get a stimulus check). Okay, maybe they’ve been too busy counting their money and now they are ready. Show me the lines of people camping out for the phase releases in the better areas before I’ll believe all is well.
ParticipantThe numbers are changing, during a boom, very few nod’s end up being foreclosed on because the person not making the payment can just sell or refi. In a flat period or slow appreciation it’s probably 1 in 4 end up not’s or shorts. Alas, we are living in interesting times. What percentage of people upside down will pay cash to keep their credit? 1%? 2%? That’s probably the extent of it. Your only options if you can’t make the payment and are upside down is to let it go NOT or short sell, since the refi option has been taken away, anyone who loses their job or gets plowed over by a resetting arm is 90% likely to go NOT or short, IMO. A scenario rarely seen in history. I think we are at a tipping point with employment starting to take a hit, every layoff is now going to convert into a must sell scenario, finding a credit and sales market unable to absorb it.
ParticipantThe numbers are changing, during a boom, very few nod’s end up being foreclosed on because the person not making the payment can just sell or refi. In a flat period or slow appreciation it’s probably 1 in 4 end up not’s or shorts. Alas, we are living in interesting times. What percentage of people upside down will pay cash to keep their credit? 1%? 2%? That’s probably the extent of it. Your only options if you can’t make the payment and are upside down is to let it go NOT or short sell, since the refi option has been taken away, anyone who loses their job or gets plowed over by a resetting arm is 90% likely to go NOT or short, IMO. A scenario rarely seen in history. I think we are at a tipping point with employment starting to take a hit, every layoff is now going to convert into a must sell scenario, finding a credit and sales market unable to absorb it.
ParticipantThe numbers are changing, during a boom, very few nod’s end up being foreclosed on because the person not making the payment can just sell or refi. In a flat period or slow appreciation it’s probably 1 in 4 end up not’s or shorts. Alas, we are living in interesting times. What percentage of people upside down will pay cash to keep their credit? 1%? 2%? That’s probably the extent of it. Your only options if you can’t make the payment and are upside down is to let it go NOT or short sell, since the refi option has been taken away, anyone who loses their job or gets plowed over by a resetting arm is 90% likely to go NOT or short, IMO. A scenario rarely seen in history. I think we are at a tipping point with employment starting to take a hit, every layoff is now going to convert into a must sell scenario, finding a credit and sales market unable to absorb it.
ParticipantThe numbers are changing, during a boom, very few nod’s end up being foreclosed on because the person not making the payment can just sell or refi. In a flat period or slow appreciation it’s probably 1 in 4 end up not’s or shorts. Alas, we are living in interesting times. What percentage of people upside down will pay cash to keep their credit? 1%? 2%? That’s probably the extent of it. Your only options if you can’t make the payment and are upside down is to let it go NOT or short sell, since the refi option has been taken away, anyone who loses their job or gets plowed over by a resetting arm is 90% likely to go NOT or short, IMO. A scenario rarely seen in history. I think we are at a tipping point with employment starting to take a hit, every layoff is now going to convert into a must sell scenario, finding a credit and sales market unable to absorb it.
ParticipantThe numbers are changing, during a boom, very few nod’s end up being foreclosed on because the person not making the payment can just sell or refi. In a flat period or slow appreciation it’s probably 1 in 4 end up not’s or shorts. Alas, we are living in interesting times. What percentage of people upside down will pay cash to keep their credit? 1%? 2%? That’s probably the extent of it. Your only options if you can’t make the payment and are upside down is to let it go NOT or short sell, since the refi option has been taken away, anyone who loses their job or gets plowed over by a resetting arm is 90% likely to go NOT or short, IMO. A scenario rarely seen in history. I think we are at a tipping point with employment starting to take a hit, every layoff is now going to convert into a must sell scenario, finding a credit and sales market unable to absorb it.
ParticipantEnorah, avoid that location at all costs, one of the worst barrios in the north county. I am very familar with the area, take the advice above and go with Shadowridge for just a few dollars more, five miles and a world away. That hillside house is in what is considered the “townsite” area of Vista, whenever you hear of a gang shooting or something else that makes the news related to Vista, it is usually within a mile of that house.
http://www.signonsandiego.com/uniontrib/20050803/news_1mi3profile.html
On the plus side, if you work in the media you can help the environment and walk to crime scenes daily, without increasing your carbon footprint. Vista is very “hit and miss” on the North side of Highway 78, but a good rule of thumb is the further away from the townsite area, the better. A year ago someone asked about a property a mile or two away and I advised against it because of it’s proximity to….you guessed, the very neighborhood this house is in.
http://piggington.com/alta_vista_area_advice
Now if you were a spanish speaking gang member who burglarizes homes for a living and is concerned about the high gas prices as they relate to commuting to places where you can buy drugs or weapons, I would say that this house is the perfect location, everything you would ever want is within walking distance.
-
AuthorPosts
