Search results

<p>Last year inventory peaked right at the end of July. It will be interesting to see when the peak occurs this year as foreclosures will probably continue to rise throughout the year.</p>

<p>jsboxer - in addition to your views which I agree with, i'll add the following:</p> <p>SJC - I think the pent up demand and great location for select lots is what held up the initial prices. Now, they are succumbing to market forces just like all the other communities. </p> <p>Talega -...

<p>jsboxer - Thanks for sharing, and I share almost all of your views of the areas.</p> <p>Do you know anything more specific regarding the schools in Talega? Will they be doing anything to relieve the pressure? Are the parents pushing for anything?</p>

<p>Eva - Yes, I understand that. When I said 50% stake, I meant 50% stake in the change in value.</p> <p>Overall, this concept is totally messy to me. Involving a third (fourth?) party in your home. What happens during foreclosure, or if the owner dies, etc? And again, we are at the peak...

<p>Laing - it is all subjective. every buyer is different and thus values things differently. I mean there is a general consensus that noise is bad, view is good, low fees is good, etc. But there is no magic formula. </p> <p>Now that someone else has mentioned it, you do seem very noobish...

<p>Marty - I believe the HOA is the same across all of Talega. When you purchase a home, however, whether new or resale, there is also a one-time "Talega lifestyle fee" of around $1,500. It includes access to all the pools, all activities (ie. summer & easter catered events), and a Talega...

<p>Marty - "I have not found any new construction neighborhoods in OC with HOAs of less than $250 a month"</p> <p>Just from memory, Talega's HOA is $170 a month. S&S has some new homes left in San Joaguin Hills of Laguna Niguel with <$250 HOA, as well.</p> <p>"essentially the high HOAs...

<p>IMO, these SJC homes are going to be difficult resales unless you have the ocean view. The HOA (like some areas of Ladera Ranch) is close to $500 / month.</p> <p>Personally, as a home buyer, that would have me running away screaming.</p>

<p>Yes, I believe it is a non-issue when making a <em>general</em> point regarding real estate. It is their cookie cutter answer when you ask them if real estate is a good investment. That is the problem I have with it.</p> <p>And yes, obviously beach front property is more valuable than the...

<p>Interesting concept.</p> <p>But how do they arrive at the terms? The scenario they give at the end seems very lopsided. $100k loan for 50% stake in a 750k house. </p> <p>In addition, it's interesting that this is emerging at this point in the housing cycle when the greatest risk is to...

NIR - please don't bring up the "population growth, they ain't making more land" point. You sould just like 99.9% of the hack agents out there when you start spewing that stuff.

I would drop any realtor that recommended this today in a heartbeat. Back in 2004-2005, the seller had the advantage so they could demand this. But in today's market, not to mention it being borderline fraudulent, the realtor would clearly <em>not</em> be looking out for your best interest in...

Nice homes. But they are priced at the upper end of the market. Especially those with ocean views which are gorgeous. I think you can see the city lights of SJC and Dana Point and DP Harbor. Ocean views commanded a premium of $400k vs non-ocean views last time I looked earlier in the year.

<p>Ouch for those that <strong>need</strong> to sell their house now. It is just an absolute price vacuum that has been created from the dearth of buyers. </p>

<p>Residential construction accounts for about 6% of GDP, and non-residential construction the same. There is private construction which account for about the same also. These are rough figures, but way off from "75% of the US economy". And I can't imagine related industries adding that much...

<p>This flooding of liquidity world wide. It is just too hard to tell when the spigot will turn off. Our government knows we are now a credit based society and printing fiat money at a rate of 13% annually.</p> <p>Subprime is an issue. Some things are clear. But like nirvinerenter said, if...

<p>ochomehunter said "<em>Construction and all its related industries make up 75% of US economy</em>."</p> <p>I'll look up the veracity of this statement later. But 75% sounds a bit much, just a bit.</p>

<p>Biscuitninja - <em>"Sometimes the million dollar idea is to save, not spend."</em></p> <p>I like that saying very much. </p>

<p>awgee - nice post. I would have liked to have read your original thoughts. </p> <p>It is a complex situation, or can be, for some of us. Some of us could buy right now. So we have more options, and as a result have to consider more in making the decision. I am fine with taking a hit on...

<p>awgee - </p> <p><em>"You were the one who mentioned obtaining a bottom of the crash price, so I was just going with your line of thought."</em></p> <p>Actually, IrvineRenter said that as well. What I said was basically look for the home you like now, and put in the bid that you want...