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refi
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| 10/01/2007 3:05 PM |
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| Well I had a good loan-to-value ration, and with interest rates tanking, I got a better rate on my 30-year fixed than I had on my adjustable. it blew me away, but such are the times we're living in. |
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Anonymous
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| 10/01/2007 3:09 PM |
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| Wow, comparing North Park condo to $1.4M condo in Irvine is like comparing hamburger to caviar. However, some people do prefer hamburger. Howeover, I doubt that they would be willing to pay caviar prices for hamburger. But that's exactly what the recent buyers did with their real estate purchases. |
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Anonymous
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sd
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| 10/01/2007 3:14 PM |
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| Irvine sucks. U must've never had to live there. |
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sd
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| 10/01/2007 3:16 PM |
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well look at this one on Illinois that recently sold for $420,000:
http://www.zillow.com/HomeDetails.htm?zprop=63775941
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TREZ63
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| 10/01/2007 3:18 PM |
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| Irvine does suck for a lot of people's taste. Regardless of you location pref however, real estate in Irvine comes at a high price. The building I live in www.theplazairvine.com is incredible. Probably the best-built high rise in SoCal in a very good locations IMHO. Not sure what your beef with Irvine is but being the Safest city in CA means that it is going to be boring which is most poeple's compalint. |
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Anonymous
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| 10/01/2007 3:22 PM |
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Yeah, 1G sold for $420k. I think it has a huge terrace.
Regardless, look at the sale history, it's down 14% from 2004 + $25k selling costs, not including other transaction costs and holding costs. Hardly of a sign of holding value.
3939_Illinois_St_1G_San_Diego_CA_92104
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Anonymous
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| 10/01/2007 3:30 PM |
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I know Irvine very well. And I agree with Trez. Like it or love it, Irvine is one of the most expensive places to live in So Cal. Certainly much more so than North Park San Diego.
I find it interesting that Trez is so well aware of the market because The OC has not yet experience the steep declines San Diego has seen. Many of my friends in Irvine are still deep in denial. They think that Irvine with the wealth of companies located there is immune to any big losses. Ha.haha...
Incidentally, there's a development in Irvine named North Park.
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TREZ63
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| 10/01/2007 3:38 PM |
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OC is definitely feeling the effect. Not as much as SD. But there is a good reason for it and it'll never be as bad as SD. We have a serious overemployement problem here so RE prices will have a pretty strong support at some point. But we still have a long ways to fall.
Only thing that is crazy is that the boom in RE created a lot of wealth in OC more than any place else in the world. (all major mortgage companies were based here). So now that all the instant millionairs are out of a job, they're going to start losing their homes too. It'll take another 6-8 months but they will.
SD has the added problem of overstock and lack of jobs in addition to lower median income.
lol, didn't think about North Park in Irvine. |
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SD
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| 10/01/2007 3:52 PM |
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| U know what? You guys are too focused on the economics. But sometimes politics trumps economics. When Hillary gets elected, there will be a complete turnaround in the market from the new optimism and the historic shift in DC. That is my strong prediction. So just sit tight people and before long things will be a lot more stable. |
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TREZ63
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| 10/01/2007 3:55 PM |
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I'm hoping that's sarcasm in your voice.
I hate to tell you the democrats on planning to lose. Why else would your top two candidates be a black man and a woman? All political correctness aside, there is not a chance that America is ready for either of those. We're just not progressive enough. Get ready for a republican president to sweep the next election. |
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sd
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| 10/01/2007 3:58 PM |
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| Wow if you're as blind in real estate matters as you are in political acumen, then I really don't see any reason for anyone to believe anything you're saying here. Fred Thompson the next president? Yeah right. Rudy? Fat chance. Romney -- possible, but not likely. No one can stop Hillary. Face it. |
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TREZ63
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| 10/01/2007 4:06 PM |
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I'll just agree to disagree with you on the political matter cause I don't want this to get personal and no political discussion can possibly include as much fact as emotion.
You're questioning my real estate acumen and at the same time relating Hilary to a rebound in prices? I couldn't think of any two things more unrelated. Neither she nor any other candidate can do anything for you and your upside down equity in your home. Have you even been following the reasons the market has fallen in your area? Are you really so naiive to think the drop in real estate prices is a result of political instability and not a result of irresponsible lending and artificial price hikes? |
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Jon
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| 10/01/2007 4:09 PM |
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Hahaha.. Hillary will save the real estate market. That's too funny.
If the really cares about the poor like she says she does, then she'll work to end the mortgage interest tax deduction. That will cause the market to crater so the poor can even have a chance to own (and pay off something decent). The poor don't need the mortgage interest deduction. They already have the standard deduction.
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sd
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| 10/01/2007 4:20 PM |
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| Upside down equity in my home? Actually my home's worth $15,000 more than when I bought it. Is that upside down equity? Boy you are full of it. |
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Anonymous
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| 10/01/2007 4:25 PM |
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Trez, it's no point arguing with the polically liberal but economical challenged owners of North Park, SD.
Wow he has $15,000 equity. Something to really to feel really confident about as we enter tough economic times. But, worry not, Hillary will solve everything.
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TREZ63
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| 10/01/2007 4:31 PM |
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[img]www.bumpertalk.com/bt/images/items/BD513A.jpg[/img]
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twofer
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| 10/01/2007 4:33 PM |
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| How about politically challenged and economically blind? That's what see most of on this board, from Trez and his ilk. |
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TREZ63
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| 10/01/2007 4:33 PM |
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| Can't post IMG tags so... |
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TREZ63
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| 10/01/2007 4:36 PM |
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Instructinos for above bumper sticker:
Democrats, place on back bumper
Republicans, place on front bumper |
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