IPO, there is a model match within 6 months at $799,000 - it’s on Juneberry. Regardless, you are the only person here who has the cajones to tell it like it is. There isn’t a need to be rude to me….or you.
I’m not happy because I am a private person and don’t appreciate my name and address being given out to frightening people, which is what was intended today.
Last time I checked, I’m sitting in my home. It’s super-beautiful too! And I have twice the room to move around as I would if I spent $3000 on rent.
So whats the problem? You are happy in your home, I’m happy renting.
There must be confusion amongs all of us. Even the guy getting my rent is happy. We are all happy!
10-4 I’m a happy renter and owner! When the time comes i’ll just purchase my house… no loans needed. I think alot of us didn’t purchase because the cost vs rent was FAR out nominal. Like 2-3x nominal, 1.5x is understandable, but 2x. And then again, you really don’t own it. Being a part of mello roos, and a association just never goes away.
I’m not happy because I am a private person and don’t appreciate my name and address being given out to frightening people, which is what was intended today.
Where in the blog did IR use your name? I read it this morning, and not one mention was made of the homedebtor.
Last time I checked, I’m sitting in my home. It’s super-beautiful too! And I have twice the room to move around as I would if I spent $3000 on rent.
Oddly enough, my rent cost is quite comparable to my previous cost of owning. On an after-tax basis with a 5% mortgage rate, the condo I owned cost me around $1.18 per sf. This did NOT include any reserves for maintenance. This did include insurance, HOA, taxes, etc. and proper tax effecting of the components.
My rental costs me $1.28 per sf net (since there is nothing to pay but the rent) and has a large usable backyard, driveway, etc. that property additional utility I did not have with my owned home. Including those factors, I would venture that the per square foot costs are/were actually quite similar in my situation.
IPO, there is a model match within 6 months at $799,000 - it’s on Juneberry. Regardless, you are the only person here who has the cajones to tell it like it is. There isn’t a need to be rude to me….or you.
I was not aware of that comp. I see a sale on a smaller unit, approx 2100sf, at 27 Juneberry back in the summer at around $300 per sf. The only other recent Juneberry market sale I see on that street is 54 Juneberry. That home sold for about 20% off peak pricing and also closed this past October.
IR, is there anyway to change the name or delete the account of the impersonator, both here and on the blog comments? If that is in fact the real identity of someone else, it should be removed immediately—not because you have to, but because it’s the right thing to do. I don’t care about whether this thread stays open. It’s already a train wreck. But having your identity exposed on the internet sucks.
I deleted the ones on the main blog, but I don’t know how to do it in the forums. Perhaps Zovall can take care of it?
I can’t handle it anymore. Janet, this bullshit has to stop.
Janet - 18 December 2008 09:53 PM
The home profiled today has a comp at $799,000.
The house in question sold at auction for 480K. You were well aware of it’s status as early as August. If you think it is undervalue by $320K, why didn’t you go buy it and flip it yourself?
Um, could it be because I don’t have $450,000 in loose change hiding in my sofa cushions (not to mention the ability to absorb clouded-title risk)? Ya think? It went for hundreds of thousands less than it should have. THAT is criminal. How the hell can a bank be stingy on a loan mod of 2% and then take a hit like this? This is a huge story. I assure you the comps support well north of $700k. That trustee should be sued to kingdom come.
I assume you don’t know the process. That price was decided on the spot on the day of auction. Cash bidders only, please.
Nice try. I used to work at a bank in the early 1990’s. My job title included the words “special assets” and “loan officer”. I know exactly how the process works. And you know I know.
I got bad news for IPO (who I respect a lot) and you (well, I love you too!). This is the new comp in the neighborhood. There is no “cash discount” in real estate. If there was, everyone would pay cash for all of it. And with the new $417K caps on F&F that are coming, and the scarcity of fundable jumbos, well…..........adios equity in the cesspool VoC.
Sorry girlfriend, this is the new comp moving forward. Everyone is underwater unless they put 50% down.
Well, the market doesn’t care about your new rules. The prices per sq ft in this community are (low/high/avg) $252.83/$303.36/$385.41). That trustee accepted $178.77. Fringe Tree will sell in the $650,000 range. If you are right, then I and many, many, many others will walk and I will have no qualms whatsoever about starting over. Hell, I’d love to have lower expenses. Trust me, there are ways if you know what you are doing. Of course, no one will be employed at that point, so it is all moot.
I know you also get your jollies by dissing Columbus Grove. Problem is, you don’t know jack about it. There are no smells of any kind, no dust, no toxins, no noise. It is a fine community and every bit as nice as most TIC properties.
Well, the market doesn’t care about your new rules.
What new rules? You get 40% off if you pay cash? That’s your rule sister.
The prices per sq ft in this community were (low/high/avg) $252.83/$303.36/$385.41).
Fixed that for you.
That trustee accepted $178.77.
Making that the new low comp.
Fringe Tree will sell in the $650,000 range.
No, it won’t. All that crap that happened in sub prime Anaheim and Santa Ana has now spread to your nieghborhood.
If you are right, then I and many, many, many others will walk and I will have no qualms whatsoever about starting over. Hell, I’d love to have lower expenses. Trust me, there are ways if you know what you are doing. Of course, no one will be employed at that point, so it is all moot.
I know you also get your jollies by dissing Columbus Grove. Problem is, you don’t know jack about it. There are no smells of any kind, no dust, no toxins, no noise. It is a fine community and every bit as nice as most TIC properties.
No one cares if you want to buy in Columbus Grove! What will be will be. I will land on my feet no matter what. Like I said, I would love to have cheaper housing, just not enough to sacrifice everyone around me.
I know you also get your jollies by dissing Columbus Grove. Problem is, you don’t know jack about it. There are no smells of any kind, no dust, no toxins, no noise. It is a fine community and every bit as nice as most TIC properties.
Its not Jollies. Its keeping a grip on reality.
Its one thing to live in a Condo.
But a Condo thats stacked like an IAC Rental for $ 700,000. with 2+ common walls ?
And its in what was originally planned as an industrial area.
With a Cement Processing plant and a Waste Management Facility with Open garbage
within 1000 feet ? That may be ok if you never go outside in your neighborhood.
$ 400.00+ HOA Fees and $14K a year in Taxes. YIKES.
