Holly Cow!! Houses in Calif. are over half a million

[98goldbird]

OMG Ska, no wonder you think your such a hard@$$ you spoiled brat!! [img]graemlins/rofl.gif[/img] j/k. Those apts are SA WEET! I would rent one out just for the view!

[95Batmobile]

Hey Jeff... you wouldn't happen to know a girl named Nicole Nunes or a guy named Seal Kelly would you? LOL They go to school there... been meaning to ask you.

BTW, real estate market is VERY Good right now... my parents' house went up in value by about 100k and I think they bought it for 180k! Which is a kind of high price for that area.

[Flowbee V6]

I'm inheriting 2 acres in Tehachapi, California. Thats where all the windmills are...I definatley would like to build a little pueblo house or something and rent it out when I get the money, maybe worth some bucks

[PewterBird]

Originally posted by 95Batmobile:
Hey Jeff... you wouldn't happen to know a girl named Nicole Nunes or a guy named Seal Kelly would you? LOL They go to school there... been meaning to ask you.

BTW, real estate market is VERY Good right now... my parents' house went up in value by about 100k and I think they bought it for 180k! Which is a kind of high price for that area.

Nicole Nunez sounds familair, she go to Edison? Did you mean Sean Kelly rather than, Seal Kelly. I know a Sean Kelly.

[DARK SDE '02]

It's right between DC (50 miles) and Richmond (50 miles)

LOL! Isn't that how everyone from F'burg describes where they live?! It's my home town, I'm just down here in Norfolk for school. I knew there were a lot of V6ers around the Burg, bought time one of em joined this board other than me!

[95Batmobile]

Originally posted by PewterBird:
</font><blockquote>quote:</font><hr />Originally posted by 95Batmobile:
Hey Jeff... you wouldn't happen to know a girl named Nicole Nunes or a guy named Seal Kelly would you? LOL They go to school there... been meaning to ask you.

BTW, real estate market is VERY Good right now... my parents' house went up in value by about 100k and I think they bought it for 180k! Which is a kind of high price for that area.

Nicole Nunez sounds familair, she go to Edison? Did you mean Sean Kelly rather than, Seal Kelly. I know a Sean Kelly. </font>[/QUOTE]They both went to high school with me in Tulare, Tulare Union HS. Sean is a tall blonde haired guy, or at least it was blonde in HS.. Same Sean?

[PewterBird]

Originally posted by 95Batmobile:
</font><blockquote>quote:</font><hr />Originally posted by PewterBird:
</font><blockquote>quote:</font><hr />Originally posted by 95Batmobile:
Hey Jeff... you wouldn't happen to know a girl named Nicole Nunes or a guy named Seal Kelly would you? LOL They go to school there... been meaning to ask you.

BTW, real estate market is VERY Good right now... my parents' house went up in value by about 100k and I think they bought it for 180k! Which is a kind of high price for that area.

Nicole Nunez sounds familair, she go to Edison? Did you mean Sean Kelly rather than, Seal Kelly. I know a Sean Kelly. </font>[/QUOTE]They both went to high school with me in Tulare, Tulare Union HS. Sean is a tall blonde haired guy, or at least it was blonde in HS.. Same Sean? </font>[/QUOTE]Then nope, not the same sean

[Bass482]

For $500,000 you can only find a 2 or 3 bedroom condo here around Boston. :(

It's sooo damm expensive to live around here...

I've seen nice houses in Indiana going for 60 or 70,000.

[95Batmobile]

Originally posted by PewterBird:
</font><blockquote>quote:</font><hr />Originally posted by 95Batmobile:
</font><blockquote>quote:</font><hr />Originally posted by PewterBird:
</font><blockquote>quote:</font><hr />Originally posted by 95Batmobile:
Hey Jeff... you wouldn't happen to know a girl named Nicole Nunes or a guy named Seal Kelly would you? LOL They go to school there... been meaning to ask you.

BTW, real estate market is VERY Good right now... my parents' house went up in value by about 100k and I think they bought it for 180k! Which is a kind of high price for that area.

Nicole Nunez sounds familair, she go to Edison? Did you mean Sean Kelly rather than, Seal Kelly. I know a Sean Kelly. </font>[/QUOTE]They both went to high school with me in Tulare, Tulare Union HS. Sean is a tall blonde haired guy, or at least it was blonde in HS.. Same Sean? </font>[/QUOTE]Then nope, not the same sean </font>[/QUOTE]aww.. Nicole is like 5'6 with really dark long hair... probably the most beautiful girl I've ever seen in real life... if you saw her, you'd remember it ;)

[CaLiJeRk]

my parents bought their house 20 years ago for $67,000... We sold it for almost $250,000

[Everglades W68]

Candidly, I suggest you do not buy - it is way too expensive. And yes, I do think housing prices will either come down or else flatten out while inflation races ahead (of course, I've been wrong many times before).

As far as affordability, our household income is greater than yours and our house cost way less than $500K-600K and we're still barely making ends meet what with two kids and all.

Using a P&I payment of $2000/month (not counting taxes and insurance) at 6% on a 30 year mortgage, you could get roughly a $335,000 loan. From experience, I can tell you that a loan of thatsize at your income would leave almost nothing left for any other discretionary spending.

The big thing that lenders are pushing now are ARMs (adjustable rate mortgages) or the newest thing - IOs - interest-only loans. I recommend you avoid both.

ARMs - Interest rates are only going up from here.

IOs - Highly risky - You are now mortgaged ot the teeth and have nothing to show for it. You could lose everytthing if you lose your job. I predict a huge problem coming in the banking industry and US economy because of these things. Sometime in the future, there will probably be new laws enacted restricting their use after the problems begin to appear.

I suggest you be patient. One way or another, people will always need to have a place to live - affordability will work itself out over the long term. Don't pay too much by being in a hurry.

[Zell]

I was thinking of living in san francisco(no jokes, I like the scenery), but after checking the prices it seems I'll be staying where I'm at a little longer.