[temeculaguy]

Jimmy, awesome find, I’m still laughing I can hardly type. The one about the owners son on house arrest, you can see the monitoring bracelet on his ankle, omg that is the best.

[temeculaguy]

Jimmy, awesome find, I’m still laughing I can hardly type. The one about the owners son on house arrest, you can see the monitoring bracelet on his ankle, omg that is the best.

[temeculaguy]

Jimmy, awesome find, I’m still laughing I can hardly type. The one about the owners son on house arrest, you can see the monitoring bracelet on his ankle, omg that is the best.

[temeculaguy]

Jimmy, awesome find, I’m still laughing I can hardly type. The one about the owners son on house arrest, you can see the monitoring bracelet on his ankle, omg that is the best.

[temeculaguy]

I gotta agree with Marion, but with a caveat, Beyonce is one of the sexiest women alive, I just can’t settle on one, it’s a male thing. SJP doesn’t make the list but half the female anchors at cnbc do (Erin, Maria and Becky, oh my) beauty and brains vs. flat out sexy is almost a tie, but if it was a store and I was shopping, it’s Beyonce. I think I just figured out what I want for my birthday, menage a cinq.

[temeculaguy]

I gotta agree with Marion, but with a caveat, Beyonce is one of the sexiest women alive, I just can’t settle on one, it’s a male thing. SJP doesn’t make the list but half the female anchors at cnbc do (Erin, Maria and Becky, oh my) beauty and brains vs. flat out sexy is almost a tie, but if it was a store and I was shopping, it’s Beyonce. I think I just figured out what I want for my birthday, menage a cinq.

[temeculaguy]

I gotta agree with Marion, but with a caveat, Beyonce is one of the sexiest women alive, I just can’t settle on one, it’s a male thing. SJP doesn’t make the list but half the female anchors at cnbc do (Erin, Maria and Becky, oh my) beauty and brains vs. flat out sexy is almost a tie, but if it was a store and I was shopping, it’s Beyonce. I think I just figured out what I want for my birthday, menage a cinq.

[temeculaguy]

I gotta agree with Marion, but with a caveat, Beyonce is one of the sexiest women alive, I just can’t settle on one, it’s a male thing. SJP doesn’t make the list but half the female anchors at cnbc do (Erin, Maria and Becky, oh my) beauty and brains vs. flat out sexy is almost a tie, but if it was a store and I was shopping, it’s Beyonce. I think I just figured out what I want for my birthday, menage a cinq.

[temeculaguy]

I gotta agree with Marion, but with a caveat, Beyonce is one of the sexiest women alive, I just can’t settle on one, it’s a male thing. SJP doesn’t make the list but half the female anchors at cnbc do (Erin, Maria and Becky, oh my) beauty and brains vs. flat out sexy is almost a tie, but if it was a store and I was shopping, it’s Beyonce. I think I just figured out what I want for my birthday, menage a cinq.

[temeculaguy]

Using a similar analysis on one of the new ones I posted.

http://www.redfin.com/stingray/do/printable-listing?listing-id=1634710

Jul 15, 1996 $130,000
Oct 18, 1996 $152,000
Aug 26, 2004 $415,000

Listed today for 259k, lets say you go 15% lowball and get it for 220k, that’s only 68k more than the overcorrection of 1996 and 5k per year appreciation per year from 1996 to 2008, in the 3-4% range, similar to inflation.

With 20% down (44k) the loan is 176k, using 6% fixed it is $1055/mo. Another 400 for ins and tax and you are below $1500. I rented within a mile of that place less than 2 months ago and $1500 for a house of that size and garage count was not possible then or today. 1800 would be about right, I picked a smaller place with a 2 car for 1500. If you use the basic rule that tax and insurance are roughly wiped out by the income tax credit, the scenario is 1500 to rent or 1055 to buy a bigger place with a bigger garage within jogging range then it’s hard for me to think that there is another 100k of downside risk. You wanted to see one pencil out, here it is, buying is cheaper than rent and the 44k downpayment saved you 450 a month and unless you can get 10% interest on it, it is a better use of it. Once again, it’s a good thing I am not a big fan of vail ranch and I like an HOA which it doesn’t have, otherwise I might be on my way over with a check. The hoods i like are still hanging on the other side of the 300k fence, but it’s examples like these which are within walking distance of where i am shopping that will pull them over that fence fairly soon. Don’t be a permabear or a permabull matt, just be a permaanalyst.

Drink in moderation, heavy drinking often results in bringing home ugly women.

What the hell, you only live once, go with PD’s advice and Drink Heavily, a little ugly never killed anyone.

[temeculaguy]

Using a similar analysis on one of the new ones I posted.

http://www.redfin.com/stingray/do/printable-listing?listing-id=1634710

Jul 15, 1996 $130,000
Oct 18, 1996 $152,000
Aug 26, 2004 $415,000

Listed today for 259k, lets say you go 15% lowball and get it for 220k, that’s only 68k more than the overcorrection of 1996 and 5k per year appreciation per year from 1996 to 2008, in the 3-4% range, similar to inflation.

With 20% down (44k) the loan is 176k, using 6% fixed it is $1055/mo. Another 400 for ins and tax and you are below $1500. I rented within a mile of that place less than 2 months ago and $1500 for a house of that size and garage count was not possible then or today. 1800 would be about right, I picked a smaller place with a 2 car for 1500. If you use the basic rule that tax and insurance are roughly wiped out by the income tax credit, the scenario is 1500 to rent or 1055 to buy a bigger place with a bigger garage within jogging range then it’s hard for me to think that there is another 100k of downside risk. You wanted to see one pencil out, here it is, buying is cheaper than rent and the 44k downpayment saved you 450 a month and unless you can get 10% interest on it, it is a better use of it. Once again, it’s a good thing I am not a big fan of vail ranch and I like an HOA which it doesn’t have, otherwise I might be on my way over with a check. The hoods i like are still hanging on the other side of the 300k fence, but it’s examples like these which are within walking distance of where i am shopping that will pull them over that fence fairly soon. Don’t be a permabear or a permabull matt, just be a permaanalyst.

Drink in moderation, heavy drinking often results in bringing home ugly women.

What the hell, you only live once, go with PD’s advice and Drink Heavily, a little ugly never killed anyone.

[temeculaguy]

Using a similar analysis on one of the new ones I posted.

http://www.redfin.com/stingray/do/printable-listing?listing-id=1634710

Jul 15, 1996 $130,000
Oct 18, 1996 $152,000
Aug 26, 2004 $415,000

Listed today for 259k, lets say you go 15% lowball and get it for 220k, that’s only 68k more than the overcorrection of 1996 and 5k per year appreciation per year from 1996 to 2008, in the 3-4% range, similar to inflation.

With 20% down (44k) the loan is 176k, using 6% fixed it is $1055/mo. Another 400 for ins and tax and you are below $1500. I rented within a mile of that place less than 2 months ago and $1500 for a house of that size and garage count was not possible then or today. 1800 would be about right, I picked a smaller place with a 2 car for 1500. If you use the basic rule that tax and insurance are roughly wiped out by the income tax credit, the scenario is 1500 to rent or 1055 to buy a bigger place with a bigger garage within jogging range then it’s hard for me to think that there is another 100k of downside risk. You wanted to see one pencil out, here it is, buying is cheaper than rent and the 44k downpayment saved you 450 a month and unless you can get 10% interest on it, it is a better use of it. Once again, it’s a good thing I am not a big fan of vail ranch and I like an HOA which it doesn’t have, otherwise I might be on my way over with a check. The hoods i like are still hanging on the other side of the 300k fence, but it’s examples like these which are within walking distance of where i am shopping that will pull them over that fence fairly soon. Don’t be a permabear or a permabull matt, just be a permaanalyst.

Drink in moderation, heavy drinking often results in bringing home ugly women.

What the hell, you only live once, go with PD’s advice and Drink Heavily, a little ugly never killed anyone.

[temeculaguy]

Using a similar analysis on one of the new ones I posted.

http://www.redfin.com/stingray/do/printable-listing?listing-id=1634710

Jul 15, 1996 $130,000
Oct 18, 1996 $152,000
Aug 26, 2004 $415,000

Listed today for 259k, lets say you go 15% lowball and get it for 220k, that’s only 68k more than the overcorrection of 1996 and 5k per year appreciation per year from 1996 to 2008, in the 3-4% range, similar to inflation.

With 20% down (44k) the loan is 176k, using 6% fixed it is $1055/mo. Another 400 for ins and tax and you are below $1500. I rented within a mile of that place less than 2 months ago and $1500 for a house of that size and garage count was not possible then or today. 1800 would be about right, I picked a smaller place with a 2 car for 1500. If you use the basic rule that tax and insurance are roughly wiped out by the income tax credit, the scenario is 1500 to rent or 1055 to buy a bigger place with a bigger garage within jogging range then it’s hard for me to think that there is another 100k of downside risk. You wanted to see one pencil out, here it is, buying is cheaper than rent and the 44k downpayment saved you 450 a month and unless you can get 10% interest on it, it is a better use of it. Once again, it’s a good thing I am not a big fan of vail ranch and I like an HOA which it doesn’t have, otherwise I might be on my way over with a check. The hoods i like are still hanging on the other side of the 300k fence, but it’s examples like these which are within walking distance of where i am shopping that will pull them over that fence fairly soon. Don’t be a permabear or a permabull matt, just be a permaanalyst.

Drink in moderation, heavy drinking often results in bringing home ugly women.

What the hell, you only live once, go with PD’s advice and Drink Heavily, a little ugly never killed anyone.

[temeculaguy]

Using a similar analysis on one of the new ones I posted.

http://www.redfin.com/stingray/do/printable-listing?listing-id=1634710

Jul 15, 1996 $130,000
Oct 18, 1996 $152,000
Aug 26, 2004 $415,000

Listed today for 259k, lets say you go 15% lowball and get it for 220k, that’s only 68k more than the overcorrection of 1996 and 5k per year appreciation per year from 1996 to 2008, in the 3-4% range, similar to inflation.

With 20% down (44k) the loan is 176k, using 6% fixed it is $1055/mo. Another 400 for ins and tax and you are below $1500. I rented within a mile of that place less than 2 months ago and $1500 for a house of that size and garage count was not possible then or today. 1800 would be about right, I picked a smaller place with a 2 car for 1500. If you use the basic rule that tax and insurance are roughly wiped out by the income tax credit, the scenario is 1500 to rent or 1055 to buy a bigger place with a bigger garage within jogging range then it’s hard for me to think that there is another 100k of downside risk. You wanted to see one pencil out, here it is, buying is cheaper than rent and the 44k downpayment saved you 450 a month and unless you can get 10% interest on it, it is a better use of it. Once again, it’s a good thing I am not a big fan of vail ranch and I like an HOA which it doesn’t have, otherwise I might be on my way over with a check. The hoods i like are still hanging on the other side of the 300k fence, but it’s examples like these which are within walking distance of where i am shopping that will pull them over that fence fairly soon. Don’t be a permabear or a permabull matt, just be a permaanalyst.

Drink in moderation, heavy drinking often results in bringing home ugly women.

What the hell, you only live once, go with PD’s advice and Drink Heavily, a little ugly never killed anyone.

[temeculaguy]

kirsten, what is the rent? I am familiar with those condos by D.R. horton, fair rent is about $1400 to $1500 for one of those. As far as a purchase that you later turn into a rental it isn’t a terrible idea, I just need the numbers in order to give you advice. Condos are easier to be landlords of but at 220 it still is overpriced becaue bigger sfr’s can be had for about that, however they were over 300 a year ago.

One thing to consider is the sheer lack of condos and apartments in the area. Pechanga has over 5,000 employees with mostly “renter” demographics, yet there is only one apartment complex and three condo complexes for miles around so you should always have a decent supply of renters. I would however steer you away from those and over a few miles if a condo is truly what you are looking for, look at this complex. The one i linked I chose because it had the most pictures but there others below 200k and a bunch are being repo’d right now, they were in high 3’s to low 400’s two years ago. The difference between those and dr horton’s is that these are true townhomes, two of the three models per building have backyards and most have a driveway. The dr hortons dont have driveways that friends can park in or you can wash your car in, they have a courtyard and parking in your driveway blocks the other people’s access.

http://www.redfin.com/stingray/do/printable-listing?listing-id=1421330

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