0
0

Another what to do question


 invite response                
2012 Apr 16, 9:31am   28,232 views  76 comments

by Condohelp   ➕follow (0)   💰tip   ignore  

Your site helped my husband and I make a very good decision a couple of years ago. My husband purchased a 1 bed 1 bath condo in 2006 and paid way too much (it wasn't about the payments for us, it was about being stuck in such small quarters and not being able to afford renting it out). We were able to short sale in 2010, and as a result we are renting a 3 bedroom and 2 1/2 bath townhouse with much more space. I'm asking for advice because I'm afraid we are about to make a mistake like my husband did in 2006. We want to buy a single family home in a good neighborhood, with good schools (santa clara, campbell, parts of san jose west, sunnyvale, etc.). We have 20% down to buy a home at 600k. The problem is that there is very little inventory at that price in those areas, which aren't even my favorite areas. 600k is a pretty conservative number for us considering our income, but I don't plan to work as soon as we have children... at least for the first couple of years of their lives. The other issues are that for our price range the schools are good until high school, the properties are very small square footage wise and still need work. Our real estate agent said we would have to pay at least $750k for good schools all the way through... which we can afford, but would be a stretch. I used to think that renting was fine in this area, but rents are going up and up. We are lucky because we are renting our townhouse for a pretty reasonable price; however I'm afraid that our landlord will up the rent as the townhouses around us are going for much more and to rent a single family home will be about the same as purchasing one. If we buy at 600k our payments will be around $3000 plus we will be getting a tax right off, which will make our payments more like $2500. I'm also worried that home prices are going to get more expensive, as our real estate agent has told us most properties have over 15 offers on them now and some are all cash. I'm also concerned about all of the IPOS in the silicon valley and all of the wealth that gets pumped through this area. Please let me know your thoughts.

#housing

« First        Comments 75 - 76 of 76        Search these comments

75   clambo   2012 Apr 18, 6:27pm  

I say feeble minds belong to the Mexicans who 1. didn't finish high school 2. came here illegally 3. believe that their poverty was caused by us.
I should qualify that not all Mexicans have feeble minds. My friends in Mexico did not have feeble minds. Of course, they stayed and studied and became successful members of their society.
The people I know in Mexico are very different from the ones I know up here.
The guys up here tended to be all barely literate in Spanish, no skills, low to no English ability, and young.
Maricela has a feeble mind. She will soon have her kid but the identity of the father is unknown, it's one of three guys. Her girlfriend Carol has lost the $10,000 in cash she stashed in her room, another feeble mind. Carol evidently thought she'd owe income tax if she deposited the dough. I have tons of stories if anyone wants to know.
So, how many illegal aliens to you employ rowe?

76   freak80   2012 Apr 18, 11:56pm  

Austinhousingbubble says

I think anyone with any of their five senses working loves the state for its landscape/ecology. The California mentality is probably what the "hater" above was referring to -- you know, the one where Californians think everyone with any merit is just itching to leave their god-awful state to move to California.

Correct. I don't hate California. But I don't care for the extreme arrogance of SOME of its people. Ever see the South Park episode "Smug Alert"? ;-)

« First        Comments 75 - 76 of 76        Search these comments

Please register to comment:

api   best comments   contact   latest images   memes   one year ago   random   suggestions