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September 18, 2006 at 5:47 PM in reply to: I cant take it anymore! It’s a TRACT house not a TRACK house #35747The-ShovelerParticipant
Nor_LA-Temcu-SD-Guy
Or let me put it another way, I bought a 3500 SF Track Home for a little less than 300K in 2002 in Temecula, Had a Deck off the Master, a nice court yard, even a OK sunset view.
Which I thought was a reasonable dealI am looking to up grade when an if the Housing market crashes. But, there is no way in hell I am going to pay 800K (+ the Tax and High HOA) for a Track home. (unless I am on the water of course).
Can’t see why anyone else would or how normal people can come close to really affording (20% down 30-year fixed) 800K anyway.
The-ShovelerParticipantNor_LA-Temcu-SD-Guy
Who can afford a n 800K (+High HOA and TAX’s) Track Home anyway ???
The-ShovelerParticipantNor_LA-Temcu-SD-Guy
I think if you are willing to drive I think there are a lot of places to rent (cheap) , I see signs all the time on the local roads in Temcula Valley area, (If you can’t sell , I guess rent for what you can). Can’t see anyone not being negative on the mortgage this way though.
The-ShovelerParticipantNor_LA-Temcu-SD-Guy
Wow it’s almost enough to make you want to go short.
Any of this recent market action make sense to anyone,
I mean look at LEN or CTX up over two, I don’t think anyone is saying housing is going to shoot to the moon anytime soon.
I mean who is going to buy the track home from you for 900K that you bought for 750K last week.
Crazy I tell you.
The-ShovelerParticipantNor_LA-Temcu-SD-Guy
Odd the timing of that change. Seems old Greenspan was looking after the banks same as when you could get a 4% mortgage and Greenspan was saying you should get a ARM, never forget that one .
The-ShovelerParticipantNor_LA-Temcu-SD-Guy
I have been out of the market sense January, the Stock or should I say index “QQQQ” I was mostly invested in was 41 when I sold it, been below that point most of the year, made more money in a CD than most stocks have done, will stay on the side , who knows maybe I will get brave and short the qqqq’s if it continues to run into October. I will not invest in individual stocks long or short, too hard to play against the house (the stock brokers in NY).
I Kind of think of the stock market like the housing market, best to sit on the side for now.
anyway good luck to you
The-ShovelerParticipantNor_LA-Temcu-SD-Guy
who can really afford a 800K track home anyway !!
OPP’s That a real statment sorry.
The-ShovelerParticipantNor_LA-Temcu-SD-Guy
Just seems crazy to me this run up today, Don’t think anything has changed, Maybe some type of market manipulation to get a lot of dumb money to buy in (hey look maybe housing set to take off again hon, we should buy that 800K nothing special home on a 1/8 acre or that fixer-upper for 600k).
Anyway I am not buying into it.
The-ShovelerParticipantNor_LA-Temcu-SD-Guy
Don’t know what’s with the building stocks, going up fast (but low volume), I guess there IS a sucker born every minute.
The-ShovelerParticipantNor_LA-Temcu-SD-Guy
Yes – These T-Shirts would be just right for cruising the open houses in my area.
The-ShovelerParticipantNor_LA-Temcu-SD-Guy
Ho MAN LOL,,
I needed a good laugh.
The-ShovelerParticipantNor_LA-Temcu-SD-Guy
Thanks Guy’s
It’s seems I am not unique, or alone.
The-ShovelerParticipantNor_LA-Temcu-SD-Guy
Sorry for venting, I love my wife dearly but sometimes she wants perfection or something I can’t really define or I guess it’s just a way for her to vent about something she can’t define.
Anyway I think once the market drops 30 – 50% (Somewhere near begining 2003 prices) she will be happier with me.
Again sorry.
The-ShovelerParticipantNor_LA-Temcu-SD-Guy
Yea I got out in December 2004, Wife still nag’s me that we maybe could have got another 50 to 100 K if we waited another 6-8 months, I can’t believe it We did better than 80% of most people and I am to blame that we only held our second house three years (when I had to ask myself daily Why am I still holding it I should sell before it drops, it already paid for the new house and then some),
I guess I am a dumb ass jerk as always.
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