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not sure... i'm guessing that they are from phase 10 plus 1 or 2 leftovers from phase 8?

i was there today taking a look at the residence 3's available on discount this weekend. new price sheet says prices are effective 10/19: residence 1: $434k residence 2: $434k residence 3: $489k (supposedly there is only one or two left) phase 10 is on the greenbelt between...

jpmorganfunds, i'm pretty sure you won't get the same incentives if you use a different lender. the incentives come from the builder and are only offered for their preferred lender (UAMC).

it was neighborhood 8 i believe. i went back this morning to show my parents and the residence 3 is back up to $528,000 as of Oct 12th. i have the price sheet somewhere, but everything went back up in price. i'm first on the waiting list if one of the $459 units falls through, but i'm still...

i went to take a peek after work today and the last residence 3 in this phase sold just as we left. i guess lennar's price cuts worked out well for them...

<p>it can be allocated between: </p> <p>1. buying down your interest rate 2. up to 2 years of HOA dues 3. design center (upgrades to flooring, counters, window coverings, etc... )</p> <p>it cannot be allocated to reduce the purchase price. the reps explained it's more of a "rebate"...

just got word 5 minutes ago that the Res 3 is included in the "close-out" sale and is now listed at $459,000

<p>Roo, your assumption is right: "Are they taking the hit now instead of waiting for next year to lower they prices? I'm baffled..."</p> <p>A sales rep at Lennar explained to me that the recent price drops and incentives are intended to bring up their sales figures before the end of their...

<p>10/10/07</p> <p>Residence 1 or 2: $434,000 (She didn't specify which model had this price, but that it was the bottom of the range.)</p> <p>Residence 3: $514,000</p> <p>$25k incentives, $5k toward closing costs, plus a $2500 internet bonus that comes off the purchase price if you...

i just google mapped the address. i guess the trains wouldn't be as much of an issue, but if the house were any closer, i would probably stay away.

<p>ive lived on the opposite side of the tracks in college park for a year. living on blackthorn, our backyard fence bordered the storm drain. let me just say that if you're not used to it, the trains are LOUD. the 10 or so commuter trains that go buy during the day are not an issue, but a...

if youre willing to drive, i hear oktoberfest in downtown san diego is really great. you can take a bus/shuttle between a number of bars that are celebrating oktoberfest.

awgee, when i said "reservation" i meant that a family put down the $5k deposit required to open escrow. so yeah, my fault for choosing vague terms. it wasn't a ploy to get me to "buy now" because it was actually the last unit of this particular floorplan in the last phase of the community...

p.s. this also means i will be able to hold on to my prized collection of artworkthat was really gonna kill me to sell... (it was going to go toward my down payment). so i guess it's a win-win if everything pans out as predicted. :)

<p>awesome. good to know.</p> <p>in other news, the fine people at Lennar gave me a call to let me know that the property i was interested in has just been reserved. now that the option is gone, i'm actually relieved that i paused for a quick second and took the finger off the trigger...

<p>great thread. i feel like i'm in the same exact boat here... early/mid 20's doing well in the computer industry and will probably fall in line with the rest of your plans to wait it out. </p> <p>thanks IHB!</p>

<p>bubblegum, thanks for the comments.</p> <p>my job is fairly secure and 20% gross is going to surpass the max of 15.5k without employer contributions. i actually need to adjust it so it doesnt surpass the max. do you know what happens if i surpass the max? i need to speak with my HR lady...

agreed.

by the way, thanks to everyone here for the warm welcome and the great advice so far!

<p>thanks calgal, i'm already putting 20% of my gross into 401k. i'm not sure if that is "maxed out" but i do have an IRA that is maxed out. i'd be more interested in tax breaks via investments that are accessible penalty-free before i am at retirement age (i'm aware that as a first-time...