Check out this AV market chaser...
Date Price
Jul 08, 2007 $625,000
Sep 11, 2007 $600,000
Oct 31, 2007 $575,000
Dec 26, 2007 $540,000
Jul 14, 2008 $515,000
Aug 14, 2008 $495,000
Source: MRMLS
<a...
134 miles, Irvine -> Newport -> Corona Del Mar -> Laguna -> DP -> SC -> San Onoffre -> Pendleton -> Oceanside and back
I am going to die now. But not before I order a pizza.
PS Looking forward to your write-up Peter.
Where I grew up we always had two bins: a black barrel for trash and a blue one for recyclables. I can remember how my grandmother, who lived through the depression, used to scold me for throwing newspaper and glass into the trash bin instead of the recycle bin. As a kid I always thought it...
Malibu,
One big reason for putting 20% or more down is to avoid paying PMI. Some people I speak with say paying PMI is just a complete waste of $ if you have the cash to put down since it is an expense added to your mortgage that doesn't decrease your principle. This is the reason I pay my...
In regards to the tangent this thread has taken about appreciation vs. saving, don't forget the tax implications...
If you are making enough to afford to save 2-3K per month then you're probably making <strong>well</strong> into six figures and fall into an extremely high tax bracket. Last...
25w100k+,
I think that the occurrence of appreciation in the real estate market is complex and driven by many variables.
Newspapers during the bubble would report that housing has appreciated "20% in one year", but what they're actually saying is that the median purchase price, or the...
Like clockwork, now lenders are requiring higher downpayments, PMI % is increasing, and lending standards are tightening:
http://money.cnn.com/2008/07/15/real_estate/Need_mortgage_bring_money/index.htm?postversion=2008071809
Looks like a good time. Props for riding in the heat. When it gets hot here in Irvine I hit the panic button and ride the coast. I'm going to plan out a nice route from Irvine->Newport->Laguna->DP->SC in the next week or two.
Was that whole pineapple drink filled with booze? I'll take four!