Don't think Cali is cheap, rent and mortgage is over the roof, Im surprise there are still houses for 300. Byron are you sure these are not wired with explosives?
I bought a year ago for $380k and got a deal cuz we knew the lady and the bank was going to forclose on her...Just did a refi this month and my home is work $513k.....homes prices are coming down some...but banks are not throw loans out like there were 2 years ago...
DAMN... you could buy a block out here for some of those prices!I agree big time ....i was amazed how my wife drove me around the big time houses was at and looked at the market for some that was for sale ....you could buy a big ballers house for under 3k when in cali,chi or n.y it will cost you over a mill for sure .I think my brother is buying a crib in farmers branch tx or some hood name like that to profit from it ,he has been living in the bay area all his life and said life will cost you a shit load of paper now and days in san fransisco....
Price Vs. '06 Sales Vs. '06
Los Angeles $547,500 +5.3% 6,809 -23.0%
Orange County $640,000 +0.0% 2,391 -19.8%
Riverside $399,000 -3.9% 2,769 -41.9%
San Bernardino $355,000 -3.1% 2,008 -42.6%
San Diego $489,000 -2.2% 3,106 -13.3%
Ventura $582,500 -5.1% 784 -16.7%
All So. Cal. $505,000 +3.7% 17,867 -27.4%
Times are tough right now...It might go into forclosure... look it up on the forclosure auctions... its a great house.... good luck.
... as the optimal time to buy in will be in the 1 to 2 years from now....
i'm preapporved for $240,000 by myself. i'd love your house nick, for what you paid for it. lol. I cant get 400k alone. i need some joint income.
I say if you wait long enough paying that rent, you'll end up paying for somebody else's pad......so keep waiting paying that rent while someone else reaps the rewards...WHAT THE HELL YOU SCARED OF ANYWAY? It's not like you come to ride or anything....lol :lol:
FYI,
I come across some really good Real Estate deals almost daily. There are homes all over Southern California for very reasonable prices. Just today I located a few good homes for first time home buyers. Here are the details just to name a few:
I found a 3 bedroom 1 bathroom home near Rosecrans & Wilmington for $289k and I also found a few 2 bedroom 1 bathroom homes near El Segundo & Wilmington for $290k.
Theses types of homes are great starter homes and rental properties. I also get a daily report reflecting every Foreclosure, Bank Owned Sale, and Court Auction in California.
Now I checked with one of my Lenders and they advised me that based on a $300k sales price one can expect mortgage payments as low as $1800 with no money down depending on credit scores, income, etc. Some of these homes also qualify for special government financing programs.
It's a buyers market right now so it's a great time to buy.
Call me if you're interested in making your own mortgage payments as opposed to your landlord's.
Byron
For me it came down to do I want to complain about renting or buying....you make the choice...no matter what somebody's gonna complain that's the plain and simple...oh and if you think any thing's gonna get cheaper your outta your mind....cause as far back as I can remember EVERY THING'S more expensive than when I was a kid......so about house's getten cheaper just dont see it happening....HOMIE.... :lol: :lol: :lol:
I am glad,wife came w/her childhood home..
Great package deal
im so confused, i just want a house.
All i know is that I bought 3 houses in the last 12 months....paid cash ( i closed a few CD's and took out 100k out of my 457K )
these homes were for closed and the banks wanted rid of them. I got 2 of them at a auction and one from a friend who referred me.....3 homes @ $410k that are 80% paid off because I took a Helock loan out on one of them to do upgrades to all 3 of them.
I rent them out for now for $1800-$2300 a month now......
Once the market picks back up I will be able to sell them and make my money back plus a nice profit....
now if you going to tell me I am stupid.....go ahead.....I will see you at the bank in 18-24 months !
if they dont pay off by then....no biggie cuz i got an extra $6k coming in from rent each month from them and my payment on them is only $2800...so again I am ahead of the game.
I have a 1986 Donruss Jose Conseco Rookie Card that i am putting all my money one...lol
(http://i395.photobucket.com/albums/pp31/tarheelsnipe/Cards/Personal%20Collection/Canseco1986Donruss39.jpg)Money in the Bank Shorty what you Drank.....Money in the Bank Shorty what you Drank.....Money in the Bank Shorty what you Drank.....
i need a house for 150 k
Soon you will find it on the foreclosure lists.... haven't made a payment for the last 9 months...... living rent free...lol. screw the banks.. >:(
Soon you will find it on the foreclosure lists.... haven't made a payment for the last 9 months...... living rent free...lol. screw the banks.. >:(
In my opinion, the housing market is a mess to say the least.... hope no one bought into the hype.... some used to say the housing market would recover by the end of the year.... now, just several months later.... most say its gonna be several years before things turn around... which means... more than likely, time is on the buyers side... since house prices are not expected to go up this year.... only stay flat or may go down further....