Would you buy a house in Cali right now if you had the money?

[schizoid]

If you had, say, 250,000 down, and could make around 4500 monthly towards the mortgage, would you buy a 1.1 mil house? (figure a sub 5% interest only jumbo 5 year ARM with no points)

Or would you sit on the money for a bit? Why?

 

[FoBoT]

no, especially not one at the bottom of a hill

but i don't live in CA and won't ever live in CA , so asking me is a bit of a m00t point

 

[TitanDiddly]

No, buy low sell high.

 

[deerslayer]

Hell no, if someone gave me a house in CA i'd sell it.

 

I'd relocate, work as a remote buy a house outright and bank income.

 

[RaDragon]

Yes, and I'm quite confident that in half a year, the house will appreciate (if not sooner).

 

[Stark]

what's with the obsession ATOT has with cali real estate?

 

[schizoid]

Originally posted by: Stark
what's with the obsession ATOT has with cali real estate?

The difference between me and these other chuckleheads is this is actually a decision I'm facing.

 

[raildogg]

no

 

[WhiteWonder]

No, we don't need any more people!

 

[schizoid]

Originally posted by: WhiteWonder
No, we don't need any more people!

I live in Redondo now. I would be buying in Redondo/Hermosa.

 

[Baked]

Tidals waves, Earth Quakes, Cali splitting from NV and dropping into the Pacific...

 

[imported_Tomato]

Win the lotto lately, J?

If you have the money, go for it.

(btw I have a few q's to ask your parents via e-mail or whatever if they wouldn't mind)

 

[novasatori]

saying as my mother-in-laws house was appraised at 300,000 a year ago and just recently 600,000...

and a year before 300,000 it was 150,000.

yes.

how can you buy low sell high when it doesn't go low?

 

[AgentEL]

I'm in the process. Although I am not thinking of the investment aspect.

 

[paulney]

I did. No regrets.

 

[RaDragon]

Originally posted by: schizoid

Originally posted by: WhiteWonder
No, we don't need any more people!

I live in Redondo now. I would be buying in Redondo/Hermosa.

Kewl -- I used to live in North Redondo. It's expensive in South Redondo and Hermosa Beach! I'd buy a house in PV, though.

 

[PoPPeR]

Originally posted by: Baked
Tidals waves, Earth Quakes, Cali splitting from NV and dropping into the Pacific...

yes, because as we all know, the state line is exactly where the state would split

 

[DanTMWTMP]

There's new development in Fontana. Seems like anyone who wants to settle is moving there, especially when there's a new mall there called Victoria Gardens (super nice!!). I hope the place will become heavily commercialized, and with an airport (wishful thinking) soon. It used to be that Fontatana was the eatery stop of sorts before you hit the road out of So. California.

That'll hopefully ease things up a bit. I'm guessing prices of home will dip in the next couple of years. I'd wait a bit until I buy a house. Then again, I'm only a college student, so it'll be awhile before I can own my own place to call home.

 

[notfred]

Yes, if I could afford a $1.1 million house, I'd buy this place and while you guys were freezing your asses off in North Dakota or wherever you moved to save your $1.1 million, so you could buy a giant screen plasma TV to watch when there's 6 feet of snow and you can't leave the house, I'll be outside taking a walk on the beach in the sun in one of the nicest places on the planet.

What's the point of having $1.1 million if you're not gonig to use it for something you enjoy? I'd much rather have the house on the california coast than a house in the middle of nowhere and a fast car and a bunch of electronic crap.

 

[FlyLice]

Originally posted by: PhasmatisNox
No, buy low sell high.

ding ding ding we have a winnar!

 

[SynthDude2001]

Originally posted by: notfred
Yes, if I could afford a $1.1 million house, I'd buy this place and while you guys were freezing your asses off in North Dakota or wherever you moved to save your $1.1 million, so you could buy a giant screen plasma TV to watch when there's 6 feet of snow and you can't leave the house, I'll be outside taking a walk on the beach in the sun in one of the nicest places on the planet.

What's the point of having $1.1 million if you're not gonig to use it for something you enjoy? I'd much rather have the house on the california coast than a house in the middle of nowhere and a fast car and a bunch of electronic crap.

I think everyone gets that you like California.

 

[cHeeZeFacTory]

Originally posted by: Baked
Tidals waves, Earth Quakes, Cali splitting from NV and dropping into the Pacific...

huh? tidal waves?

If Cali splits due to a earthquake, Cali can form it's own country! That will be awesome. No more Bush! Yay.

 

[olds]

Ummm.... I own a house in "Cali".

 

[IAteYourMother]

Why not?? I don't even remember when the last time house prices dipped...