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Thread: 42% hit in house values, my guess is that would be bad..

  1. #11
    wsuwrhr
    So there IS hope I can finally rent this house and afford to move back to Upland.
    Brian

  2. #12
    MACHINEHEAD
    Its goin to happen. And I am ready. UPLAND for sure $350k watch.

  3. #13
    wsuwrhr
    Its goin to happen. And I am ready. UPLAND for sure $350k watch.
    I had to go out to San Bernardino to be able to afford a home.
    The house I was renting in Upland sold for 600K, two years before that, they were 300K, too bad I didn't have the income to buy it then or I would have.
    Brian

  4. #14
    SummitKarl
    Im sure NO-ONE on here would ever think of doing that.....
    Everyone is Rich just ask them
    Cough!!!!! excuse me just clearing my throat

  5. #15
    wsuwrhr
    If the bubble bursts like I think it will.
    Without a doubt, I will be back in Upland.
    Brian

  6. #16
    YeLLowBoaT
    I would love for the market to go down 40% ... yes it would suck for alot of ppl... but hell I would work like 20 hr a week... make that payment and still have money for gas for a day or two at the lake...

  7. #17
    Bellababes
    I don't see it happening. It may level off, but not burst. Especially here in the OC. This is such a nice place to live and not a lot of new housing available. Supply and demand with keep it going.

  8. #18
    bigq
    I don't see it happening. It may level off, but not burst. Especially here in the OC. This is such a nice place to live and not a lot of new housing available. Supply and demand with keep it going.
    Demand? er...did you see the number for OC?

  9. #19
    bigq
    I would love for the market to go down 40% ... yes it would suck for alot of ppl... but hell I would work like 20 hr a week... make that payment and still have money for gas for a day or two at the lake...
    Even at 40% people that purchased in 2001 would probably still have a gain.

  10. #20
    C-2
    And it will be a long time...
    a looooooooooooooonnnnnnnnnnnggggggggg time before foreclosures become good deals.
    What, you think a bank is gonna foreclose on a $500K note and turn around sell it for $100K? Yeah, I see that informercial every weekend too!
    How about $200, 300, even $450K...not gonna happen. REO inventories will have to grow to astronimcal numbers before they will even consider letting them go for below note value. Just like the early 90's - it took several years before foreclosures became good deals.

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