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Originally Posted by dknv
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Originally Posted by AtomicLabMonkey
Quote:
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Originally Posted by dknv
(I think there are still places in CA where the property values are still declining, compared to 5 years ago.)
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Umm, you need to show me these places cause I sure haven't seen any.  |
Buyers apparently still like So. Cal, and the ocean. (Except for the places sliding into the ocean?) But I have a friend who bought a home in San Jose 5 years ago, at a pretty steep price (something like $700k'ish), but now the homes around her are selling in the $500-$600k range.  |
Yeah my girlfriend is in the same situation in a place near the ocean, Oceanside, CA. She bought a condo, (interest only because she couldn't afford the payments) now her condo is worth less and they know they will have to move in the next four years because they still won't be able to afford the payment. She has already lost $50,000 in equity and she hasn't paid anything in principal. She is now paying what she can on the principal so that hopefully if the market turns in her favor she can atleast get her down payment back.
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Galatians 5:22-23 But the fruit of the Spirit is love, joy, peace, patience, kindness, goodness, faithfulness, gentleness and self-control.
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