Forum Replies Created
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AuthorPosts
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temeculaguy
ParticipantScrew sleep, cash, check the location on zillow, the highest number on coronado is 44011 and the Ynez addresses are in the 29000’s so I can’t figure out which house it is, if you look at the map maybe you can figure out which one it is. My insight, I love that area, I love looking at that is, taking care of acerage is not my thing. It’s not close to where the hospital is going and it’s far enough from the freeway but if all things were equal I wouldn’t pick one that faces Ynez, it’s busy now, when the hospital goes in on that street it can only get worse, try for something a few blocks off ynez, but either way those are sweet.
This one is close to what you descriped location wise
http://www.redfin.com/stingray/do/printable-listing?listing-id=1614804
It’s one of the more plain houses in the neighborhood but it is sub 2003 pricing.
But it is one of the cheapest in the hood, go about three houses back and they look like this
http://www.redfin.com/stingray/do/printable-listing?listing-id=1595421
http://www.redfin.com/stingray/do/printable-listing?listing-id=1403179
This is about the cheapest one around and still 2.5 acres, but your pad will look like the grounskeeper’s house compared to the neighbors. That’s not gonna get you chicks.
http://www.redfin.com/stingray/do/printable-listing?listing-id=1382292
ParticipantScrew sleep, cash, check the location on zillow, the highest number on coronado is 44011 and the Ynez addresses are in the 29000’s so I can’t figure out which house it is, if you look at the map maybe you can figure out which one it is. My insight, I love that area, I love looking at that is, taking care of acerage is not my thing. It’s not close to where the hospital is going and it’s far enough from the freeway but if all things were equal I wouldn’t pick one that faces Ynez, it’s busy now, when the hospital goes in on that street it can only get worse, try for something a few blocks off ynez, but either way those are sweet.
This one is close to what you descriped location wise
http://www.redfin.com/stingray/do/printable-listing?listing-id=1614804
It’s one of the more plain houses in the neighborhood but it is sub 2003 pricing.
But it is one of the cheapest in the hood, go about three houses back and they look like this
http://www.redfin.com/stingray/do/printable-listing?listing-id=1595421
http://www.redfin.com/stingray/do/printable-listing?listing-id=1403179
This is about the cheapest one around and still 2.5 acres, but your pad will look like the grounskeeper’s house compared to the neighbors. That’s not gonna get you chicks.
http://www.redfin.com/stingray/do/printable-listing?listing-id=1382292
ParticipantScrew sleep, cash, check the location on zillow, the highest number on coronado is 44011 and the Ynez addresses are in the 29000’s so I can’t figure out which house it is, if you look at the map maybe you can figure out which one it is. My insight, I love that area, I love looking at that is, taking care of acerage is not my thing. It’s not close to where the hospital is going and it’s far enough from the freeway but if all things were equal I wouldn’t pick one that faces Ynez, it’s busy now, when the hospital goes in on that street it can only get worse, try for something a few blocks off ynez, but either way those are sweet.
This one is close to what you descriped location wise
http://www.redfin.com/stingray/do/printable-listing?listing-id=1614804
It’s one of the more plain houses in the neighborhood but it is sub 2003 pricing.
But it is one of the cheapest in the hood, go about three houses back and they look like this
http://www.redfin.com/stingray/do/printable-listing?listing-id=1595421
http://www.redfin.com/stingray/do/printable-listing?listing-id=1403179
This is about the cheapest one around and still 2.5 acres, but your pad will look like the grounskeeper’s house compared to the neighbors. That’s not gonna get you chicks.
http://www.redfin.com/stingray/do/printable-listing?listing-id=1382292
ParticipantIt’s way past my bedtime so I’ll do some more research tomorrow cashflow, but “DO NOT BUY THE HOUSE ON ALMAZON.” Even for under 100 a square, it is the worst lot in redhawk. It doesn’t just back to a street, it faces one practically, the only house I know of that gets headlights from an arterial route and is five feet from lawn to 50 mph diagonally. It only has a few sales listed but in ten years it is rarely not been for sale, how do I know, I can see what they are eating for dinner every night on my way home and they know when I got my new turbo, probably to the day.
Make no mistake kiddies, there is a difference between 100 a square in a 3500-4000 ft house and a 1700 sq ft house w/a 3 car or a 1/4 acre, there’s more to valuation that sq ft and the location of the cheapies has changed. My thoughts on a bottom were anectdotal, I am just suprised to see the 200’s in things other than a 1300-1400 sq 3/2 2 car in a crappy tract of mostly rentals, those I listed are creeping up the hill toward redhwak and morgan (one was in it) and they are getting bigger, when redhwak starts to get into the 2’s on a regular basis for something other than ringside to nascar, then I will call it. Those numbers for those areas is below 2003 pricing, if those prices hit redhawk it will be 1998 prices, even I will be helpless. All of those that I posted rent for 1700-2200, but unless you live here it may be hard to tell just based on sq ft. My observation about the shift is that the 1 in a 100 super low price has become the norm this week, not one new listed repo dared to use a 4 in the front of the price, they are all going low to start, a shift in the way things had been done. A welcomed shift.
Perhaps the banks are aware of the lanslide of repos in the pipeline, but I’ve never seen them put more than five minutes of effort into pricing until now. And I highly doubt banks can forecast anything, my theory is that the new comps are setting the mark and they are just blindly undercutting it. I think Rustico said it best about “sell it now” or dine on feces.
matt, trying not to be too bullish but I have a friend who pays 1600/mo for 1300 sq in paloma, almost the same house that you posted but theirs is smaller and they are convinced it is a deal. 160 is the bottom for that one because I’ll buy it at 100x rent since it will be cash nuetral/positive day one. The point is, that house is only 60k from nuclear winter, I’m doubting we have to wait for 2011 up here, probably wont have to wait for 2009 at this rate and that house may be 160-180 by years end. I can currently buy the place I rent for $200/mo less than I rent it for not counting the tax deduction, good thing I don’t like it or I wouldn’t even be posting, I’d be painting. It cannot be ignored that it has become cheaper to buy than rent in some cases up here. Further evidence that 2009 might just be the overcorrection here, not 2011.
Either way, it feels like there is a shift about to happen. I’ll bet you a beer that the shift won’t be contained to Temecula.
ParticipantIt’s way past my bedtime so I’ll do some more research tomorrow cashflow, but “DO NOT BUY THE HOUSE ON ALMAZON.” Even for under 100 a square, it is the worst lot in redhawk. It doesn’t just back to a street, it faces one practically, the only house I know of that gets headlights from an arterial route and is five feet from lawn to 50 mph diagonally. It only has a few sales listed but in ten years it is rarely not been for sale, how do I know, I can see what they are eating for dinner every night on my way home and they know when I got my new turbo, probably to the day.
Make no mistake kiddies, there is a difference between 100 a square in a 3500-4000 ft house and a 1700 sq ft house w/a 3 car or a 1/4 acre, there’s more to valuation that sq ft and the location of the cheapies has changed. My thoughts on a bottom were anectdotal, I am just suprised to see the 200’s in things other than a 1300-1400 sq 3/2 2 car in a crappy tract of mostly rentals, those I listed are creeping up the hill toward redhwak and morgan (one was in it) and they are getting bigger, when redhwak starts to get into the 2’s on a regular basis for something other than ringside to nascar, then I will call it. Those numbers for those areas is below 2003 pricing, if those prices hit redhawk it will be 1998 prices, even I will be helpless. All of those that I posted rent for 1700-2200, but unless you live here it may be hard to tell just based on sq ft. My observation about the shift is that the 1 in a 100 super low price has become the norm this week, not one new listed repo dared to use a 4 in the front of the price, they are all going low to start, a shift in the way things had been done. A welcomed shift.
Perhaps the banks are aware of the lanslide of repos in the pipeline, but I’ve never seen them put more than five minutes of effort into pricing until now. And I highly doubt banks can forecast anything, my theory is that the new comps are setting the mark and they are just blindly undercutting it. I think Rustico said it best about “sell it now” or dine on feces.
matt, trying not to be too bullish but I have a friend who pays 1600/mo for 1300 sq in paloma, almost the same house that you posted but theirs is smaller and they are convinced it is a deal. 160 is the bottom for that one because I’ll buy it at 100x rent since it will be cash nuetral/positive day one. The point is, that house is only 60k from nuclear winter, I’m doubting we have to wait for 2011 up here, probably wont have to wait for 2009 at this rate and that house may be 160-180 by years end. I can currently buy the place I rent for $200/mo less than I rent it for not counting the tax deduction, good thing I don’t like it or I wouldn’t even be posting, I’d be painting. It cannot be ignored that it has become cheaper to buy than rent in some cases up here. Further evidence that 2009 might just be the overcorrection here, not 2011.
Either way, it feels like there is a shift about to happen. I’ll bet you a beer that the shift won’t be contained to Temecula.
ParticipantIt’s way past my bedtime so I’ll do some more research tomorrow cashflow, but “DO NOT BUY THE HOUSE ON ALMAZON.” Even for under 100 a square, it is the worst lot in redhawk. It doesn’t just back to a street, it faces one practically, the only house I know of that gets headlights from an arterial route and is five feet from lawn to 50 mph diagonally. It only has a few sales listed but in ten years it is rarely not been for sale, how do I know, I can see what they are eating for dinner every night on my way home and they know when I got my new turbo, probably to the day.
Make no mistake kiddies, there is a difference between 100 a square in a 3500-4000 ft house and a 1700 sq ft house w/a 3 car or a 1/4 acre, there’s more to valuation that sq ft and the location of the cheapies has changed. My thoughts on a bottom were anectdotal, I am just suprised to see the 200’s in things other than a 1300-1400 sq 3/2 2 car in a crappy tract of mostly rentals, those I listed are creeping up the hill toward redhwak and morgan (one was in it) and they are getting bigger, when redhwak starts to get into the 2’s on a regular basis for something other than ringside to nascar, then I will call it. Those numbers for those areas is below 2003 pricing, if those prices hit redhawk it will be 1998 prices, even I will be helpless. All of those that I posted rent for 1700-2200, but unless you live here it may be hard to tell just based on sq ft. My observation about the shift is that the 1 in a 100 super low price has become the norm this week, not one new listed repo dared to use a 4 in the front of the price, they are all going low to start, a shift in the way things had been done. A welcomed shift.
Perhaps the banks are aware of the lanslide of repos in the pipeline, but I’ve never seen them put more than five minutes of effort into pricing until now. And I highly doubt banks can forecast anything, my theory is that the new comps are setting the mark and they are just blindly undercutting it. I think Rustico said it best about “sell it now” or dine on feces.
matt, trying not to be too bullish but I have a friend who pays 1600/mo for 1300 sq in paloma, almost the same house that you posted but theirs is smaller and they are convinced it is a deal. 160 is the bottom for that one because I’ll buy it at 100x rent since it will be cash nuetral/positive day one. The point is, that house is only 60k from nuclear winter, I’m doubting we have to wait for 2011 up here, probably wont have to wait for 2009 at this rate and that house may be 160-180 by years end. I can currently buy the place I rent for $200/mo less than I rent it for not counting the tax deduction, good thing I don’t like it or I wouldn’t even be posting, I’d be painting. It cannot be ignored that it has become cheaper to buy than rent in some cases up here. Further evidence that 2009 might just be the overcorrection here, not 2011.
Either way, it feels like there is a shift about to happen. I’ll bet you a beer that the shift won’t be contained to Temecula.
ParticipantIt’s way past my bedtime so I’ll do some more research tomorrow cashflow, but “DO NOT BUY THE HOUSE ON ALMAZON.” Even for under 100 a square, it is the worst lot in redhawk. It doesn’t just back to a street, it faces one practically, the only house I know of that gets headlights from an arterial route and is five feet from lawn to 50 mph diagonally. It only has a few sales listed but in ten years it is rarely not been for sale, how do I know, I can see what they are eating for dinner every night on my way home and they know when I got my new turbo, probably to the day.
Make no mistake kiddies, there is a difference between 100 a square in a 3500-4000 ft house and a 1700 sq ft house w/a 3 car or a 1/4 acre, there’s more to valuation that sq ft and the location of the cheapies has changed. My thoughts on a bottom were anectdotal, I am just suprised to see the 200’s in things other than a 1300-1400 sq 3/2 2 car in a crappy tract of mostly rentals, those I listed are creeping up the hill toward redhwak and morgan (one was in it) and they are getting bigger, when redhwak starts to get into the 2’s on a regular basis for something other than ringside to nascar, then I will call it. Those numbers for those areas is below 2003 pricing, if those prices hit redhawk it will be 1998 prices, even I will be helpless. All of those that I posted rent for 1700-2200, but unless you live here it may be hard to tell just based on sq ft. My observation about the shift is that the 1 in a 100 super low price has become the norm this week, not one new listed repo dared to use a 4 in the front of the price, they are all going low to start, a shift in the way things had been done. A welcomed shift.
Perhaps the banks are aware of the lanslide of repos in the pipeline, but I’ve never seen them put more than five minutes of effort into pricing until now. And I highly doubt banks can forecast anything, my theory is that the new comps are setting the mark and they are just blindly undercutting it. I think Rustico said it best about “sell it now” or dine on feces.
matt, trying not to be too bullish but I have a friend who pays 1600/mo for 1300 sq in paloma, almost the same house that you posted but theirs is smaller and they are convinced it is a deal. 160 is the bottom for that one because I’ll buy it at 100x rent since it will be cash nuetral/positive day one. The point is, that house is only 60k from nuclear winter, I’m doubting we have to wait for 2011 up here, probably wont have to wait for 2009 at this rate and that house may be 160-180 by years end. I can currently buy the place I rent for $200/mo less than I rent it for not counting the tax deduction, good thing I don’t like it or I wouldn’t even be posting, I’d be painting. It cannot be ignored that it has become cheaper to buy than rent in some cases up here. Further evidence that 2009 might just be the overcorrection here, not 2011.
Either way, it feels like there is a shift about to happen. I’ll bet you a beer that the shift won’t be contained to Temecula.
ParticipantIt’s way past my bedtime so I’ll do some more research tomorrow cashflow, but “DO NOT BUY THE HOUSE ON ALMAZON.” Even for under 100 a square, it is the worst lot in redhawk. It doesn’t just back to a street, it faces one practically, the only house I know of that gets headlights from an arterial route and is five feet from lawn to 50 mph diagonally. It only has a few sales listed but in ten years it is rarely not been for sale, how do I know, I can see what they are eating for dinner every night on my way home and they know when I got my new turbo, probably to the day.
Make no mistake kiddies, there is a difference between 100 a square in a 3500-4000 ft house and a 1700 sq ft house w/a 3 car or a 1/4 acre, there’s more to valuation that sq ft and the location of the cheapies has changed. My thoughts on a bottom were anectdotal, I am just suprised to see the 200’s in things other than a 1300-1400 sq 3/2 2 car in a crappy tract of mostly rentals, those I listed are creeping up the hill toward redhwak and morgan (one was in it) and they are getting bigger, when redhwak starts to get into the 2’s on a regular basis for something other than ringside to nascar, then I will call it. Those numbers for those areas is below 2003 pricing, if those prices hit redhawk it will be 1998 prices, even I will be helpless. All of those that I posted rent for 1700-2200, but unless you live here it may be hard to tell just based on sq ft. My observation about the shift is that the 1 in a 100 super low price has become the norm this week, not one new listed repo dared to use a 4 in the front of the price, they are all going low to start, a shift in the way things had been done. A welcomed shift.
Perhaps the banks are aware of the lanslide of repos in the pipeline, but I’ve never seen them put more than five minutes of effort into pricing until now. And I highly doubt banks can forecast anything, my theory is that the new comps are setting the mark and they are just blindly undercutting it. I think Rustico said it best about “sell it now” or dine on feces.
matt, trying not to be too bullish but I have a friend who pays 1600/mo for 1300 sq in paloma, almost the same house that you posted but theirs is smaller and they are convinced it is a deal. 160 is the bottom for that one because I’ll buy it at 100x rent since it will be cash nuetral/positive day one. The point is, that house is only 60k from nuclear winter, I’m doubting we have to wait for 2011 up here, probably wont have to wait for 2009 at this rate and that house may be 160-180 by years end. I can currently buy the place I rent for $200/mo less than I rent it for not counting the tax deduction, good thing I don’t like it or I wouldn’t even be posting, I’d be painting. It cannot be ignored that it has become cheaper to buy than rent in some cases up here. Further evidence that 2009 might just be the overcorrection here, not 2011.
Either way, it feels like there is a shift about to happen. I’ll bet you a beer that the shift won’t be contained to Temecula.
ParticipantGn, thanks for the props, but I only read the guages, and they all say this is merely the bounce we expected. Whites of their eyes people, wait till you see them, ignore the expected hype behind the expeceted bounce.
Nor, you are right, Temecula isn’t in as bad of shape as most think but those people you see who still have money already have a house, with $4 a gallon gas looming, we aren’t going to get any new people. And we are getting close to a bottom or at least a flat area but I think there is still another 10-20% to come until we are universally at 50% off peak, which is where it will go. Anyone who makes an offer for more than half price peak is throwing money away. Currently it can be found but only the more thrashed houses or worst lots, the rest will be there soon enough.
Check the guages for yourself, my favorite is to check inventory and foreclosure dot com. Currently foreclosure shows 294 foreclosures, 42 Sheriff sales in the next 8 days and most importantly 702 pre-foreclosures in 92592 alone (the highest price and most stable zip of the valley). 87 of the preforeclosures came in the last seven days. Nods are outpacing sales by a multiple, sheriff sales back to the banks exceed sales by themselves, this is not a sign of bottom. The amount of nods has been increasing over the last year, last year 10 or 20 a week was a big week, now it’s a normal day. There are about 10k houses in the zip, 7% of them stopped paying their mortgage in the last few months, when those indicators slow down then I will call bottom but right now, since todays nod is next years vacant reo for sale, I can honestly say there will be twice as many repos for sale next year than right now and I certainly don’t want to miss it. Let the bounce shake out the weak, don’t join them.
ParticipantGn, thanks for the props, but I only read the guages, and they all say this is merely the bounce we expected. Whites of their eyes people, wait till you see them, ignore the expected hype behind the expeceted bounce.
Nor, you are right, Temecula isn’t in as bad of shape as most think but those people you see who still have money already have a house, with $4 a gallon gas looming, we aren’t going to get any new people. And we are getting close to a bottom or at least a flat area but I think there is still another 10-20% to come until we are universally at 50% off peak, which is where it will go. Anyone who makes an offer for more than half price peak is throwing money away. Currently it can be found but only the more thrashed houses or worst lots, the rest will be there soon enough.
Check the guages for yourself, my favorite is to check inventory and foreclosure dot com. Currently foreclosure shows 294 foreclosures, 42 Sheriff sales in the next 8 days and most importantly 702 pre-foreclosures in 92592 alone (the highest price and most stable zip of the valley). 87 of the preforeclosures came in the last seven days. Nods are outpacing sales by a multiple, sheriff sales back to the banks exceed sales by themselves, this is not a sign of bottom. The amount of nods has been increasing over the last year, last year 10 or 20 a week was a big week, now it’s a normal day. There are about 10k houses in the zip, 7% of them stopped paying their mortgage in the last few months, when those indicators slow down then I will call bottom but right now, since todays nod is next years vacant reo for sale, I can honestly say there will be twice as many repos for sale next year than right now and I certainly don’t want to miss it. Let the bounce shake out the weak, don’t join them.
ParticipantGn, thanks for the props, but I only read the guages, and they all say this is merely the bounce we expected. Whites of their eyes people, wait till you see them, ignore the expected hype behind the expeceted bounce.
Nor, you are right, Temecula isn’t in as bad of shape as most think but those people you see who still have money already have a house, with $4 a gallon gas looming, we aren’t going to get any new people. And we are getting close to a bottom or at least a flat area but I think there is still another 10-20% to come until we are universally at 50% off peak, which is where it will go. Anyone who makes an offer for more than half price peak is throwing money away. Currently it can be found but only the more thrashed houses or worst lots, the rest will be there soon enough.
Check the guages for yourself, my favorite is to check inventory and foreclosure dot com. Currently foreclosure shows 294 foreclosures, 42 Sheriff sales in the next 8 days and most importantly 702 pre-foreclosures in 92592 alone (the highest price and most stable zip of the valley). 87 of the preforeclosures came in the last seven days. Nods are outpacing sales by a multiple, sheriff sales back to the banks exceed sales by themselves, this is not a sign of bottom. The amount of nods has been increasing over the last year, last year 10 or 20 a week was a big week, now it’s a normal day. There are about 10k houses in the zip, 7% of them stopped paying their mortgage in the last few months, when those indicators slow down then I will call bottom but right now, since todays nod is next years vacant reo for sale, I can honestly say there will be twice as many repos for sale next year than right now and I certainly don’t want to miss it. Let the bounce shake out the weak, don’t join them.
ParticipantGn, thanks for the props, but I only read the guages, and they all say this is merely the bounce we expected. Whites of their eyes people, wait till you see them, ignore the expected hype behind the expeceted bounce.
Nor, you are right, Temecula isn’t in as bad of shape as most think but those people you see who still have money already have a house, with $4 a gallon gas looming, we aren’t going to get any new people. And we are getting close to a bottom or at least a flat area but I think there is still another 10-20% to come until we are universally at 50% off peak, which is where it will go. Anyone who makes an offer for more than half price peak is throwing money away. Currently it can be found but only the more thrashed houses or worst lots, the rest will be there soon enough.
Check the guages for yourself, my favorite is to check inventory and foreclosure dot com. Currently foreclosure shows 294 foreclosures, 42 Sheriff sales in the next 8 days and most importantly 702 pre-foreclosures in 92592 alone (the highest price and most stable zip of the valley). 87 of the preforeclosures came in the last seven days. Nods are outpacing sales by a multiple, sheriff sales back to the banks exceed sales by themselves, this is not a sign of bottom. The amount of nods has been increasing over the last year, last year 10 or 20 a week was a big week, now it’s a normal day. There are about 10k houses in the zip, 7% of them stopped paying their mortgage in the last few months, when those indicators slow down then I will call bottom but right now, since todays nod is next years vacant reo for sale, I can honestly say there will be twice as many repos for sale next year than right now and I certainly don’t want to miss it. Let the bounce shake out the weak, don’t join them.
ParticipantGn, thanks for the props, but I only read the guages, and they all say this is merely the bounce we expected. Whites of their eyes people, wait till you see them, ignore the expected hype behind the expeceted bounce.
Nor, you are right, Temecula isn’t in as bad of shape as most think but those people you see who still have money already have a house, with $4 a gallon gas looming, we aren’t going to get any new people. And we are getting close to a bottom or at least a flat area but I think there is still another 10-20% to come until we are universally at 50% off peak, which is where it will go. Anyone who makes an offer for more than half price peak is throwing money away. Currently it can be found but only the more thrashed houses or worst lots, the rest will be there soon enough.
Check the guages for yourself, my favorite is to check inventory and foreclosure dot com. Currently foreclosure shows 294 foreclosures, 42 Sheriff sales in the next 8 days and most importantly 702 pre-foreclosures in 92592 alone (the highest price and most stable zip of the valley). 87 of the preforeclosures came in the last seven days. Nods are outpacing sales by a multiple, sheriff sales back to the banks exceed sales by themselves, this is not a sign of bottom. The amount of nods has been increasing over the last year, last year 10 or 20 a week was a big week, now it’s a normal day. There are about 10k houses in the zip, 7% of them stopped paying their mortgage in the last few months, when those indicators slow down then I will call bottom but right now, since todays nod is next years vacant reo for sale, I can honestly say there will be twice as many repos for sale next year than right now and I certainly don’t want to miss it. Let the bounce shake out the weak, don’t join them.
ParticipantAre your “mello roos” incorporated into your tax bill or is it a separate bill? Is the only way to figure it out is to look at your itemized bill and that if you had an impound account your lender pays it and reports to you on your 1098, in the tax column, the taxes inclusive of the mello roos?
Whatever the dollar amount is on the 1098 reported by your lender as the “property taxes paid” I say you go with that number, that is the number the irs computer will be looking to match their data with your return.
If it is excluded on your 1098, like an hoa would be, then you are asking for attention and can’t play stupid when caught.
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