Its goin to happen. And I am ready. UPLAND for sure $350k watch.
So there IS hope I can finally rent this house and afford to move back to Upland.
Brian
Its goin to happen. And I am ready. UPLAND for sure $350k watch.
Its goin to happen. And I am ready. UPLAND for sure $350k watch.
I had to go out to San Bernardino to be able to afford a home.
The house I was renting in Upland sold for 600K, two years before that, they were 300K, too bad I didn't have the income to buy it then or I would have.
Brian
Im sure NO-ONE on here would ever think of doing that.....
Everyone is Rich just ask them
Cough!!!!! excuse me just clearing my throat
If the bubble bursts like I think it will.
Without a doubt, I will be back in Upland.
Brian
I would love for the market to go down 40% ... yes it would suck for alot of ppl... but hell I would work like 20 hr a week... make that payment and still have money for gas for a day or two at the lake...
I don't see it happening. It may level off, but not burst. Especially here in the OC. This is such a nice place to live and not a lot of new housing available. Supply and demand with keep it going.
I don't see it happening. It may level off, but not burst. Especially here in the OC. This is such a nice place to live and not a lot of new housing available. Supply and demand with keep it going.
Demand? er...did you see the number for OC?
I would love for the market to go down 40% ... yes it would suck for alot of ppl... but hell I would work like 20 hr a week... make that payment and still have money for gas for a day or two at the lake...
Even at 40% people that purchased in 2001 would probably still have a gain.
And it will be a long time...
a looooooooooooooonnnnnnnnnnnggggggggg time before foreclosures become good deals.
What, you think a bank is gonna foreclose on a $500K note and turn around sell it for $100K? Yeah, I see that informercial every weekend too!
How about $200, 300, even $450K...not gonna happen. REO inventories will have to grow to astronimcal numbers before they will even consider letting them go for below note value. Just like the early 90's - it took several years before foreclosures became good deals.