Did anyone see the money section

[THOR]

For the OC boys here, there was a section on the OC register that had the average home prices in OC for the past 1 year. The faster overall increase in property prices was Trabuco Canyon/Coto with an average price of 880,000 and a one year increase of 67%. Unbelievable. All of the places in south OC grew at a very high rate as did the beach cities like Newport, Laguna, Huntington, etc.

[RiverLife]

I believe it! My sister made 130K on her condo in Trabuco this past year and made an extra 40K in two days of selling it from people up-bidding. Then she bought a house in Rancho, has lived there for two weeks and it's already worth 40K more than she paid for it.
UNFUCKENBELIEVABLE!!!!!!!!!!!!!!!!!!!!!!!!

[THOR]

They had an example of what exactly it takes to buy a house in OC (or anywhere for that matter, they just chose OC). They walked you through the process with a real home for sale in area code 92647 (Huntington Beach). They picked a random house. Â*It was 1250 sq feet and was selling for 500K. Â*With 50K down (I think) the couple would have to make 191K per year and will have a payment of $3200 per month. 1250 sq feet!!! What bullshit. The house was built in 1962 and has 3 whole bedrooms and 2 baths. Â*http://www.lasvegashotboats.com/iB_html/non-cgi/emoticons/laugh.gif

So, for all you that make 200K per year you should hop on this mansion. Â*http://www.lasvegashotboats.com/iB_html/non-cgi/emoticons/wink.gif

[kevnmcd]

</span><table border="0" align="center" width="95%" cellpadding="3" cellspacing="1"><tr><td>Quote (THOR @ May 10 2004, 08:20 am)</td></tr><tr><td id="QUOTE">For the OC boys here, there was a section on the OC register that had the average home prices in OC for the past 1 year. The faster overall increase in property prices was Trabuco Canyon/Coto with an average price of 880,000 and a one year increase of 67%. Unbelievable. All of the places in south OC grew at a very high rate as did the beach cities like Newport, Laguna, Huntington, etc.[/QUOTE]<span id='postcolor'>
I am not complaining! http://www.lasvegashotboats.com/iB_html/non-cgi/emoticons/biggrin.gif Our neighbor tried to sell their house about a year ago for $580k, didn't sell and took it off the market. Just sold it this month for $735k! http://www.lasvegashotboats.com/iB_html/non-cgi/emoticons/wow.gif $150k in a year.....not to shabby! http://www.lasvegashotboats.com/iB_html/non-cgi/emoticons/smile.gif

[kevnmcd]

</span><table border="0" align="center" width="95%" cellpadding="3" cellspacing="1"><tr><td>Quote (THOR @ May 10 2004, 08:34 am)</td></tr><tr><td id="QUOTE">They had an example of what exactly it takes to buy a house in OC (or anywhere for that matter, they just chose OC). They walked you through the process with a real home for sale in area code 92647 (Huntington Beach). They picked a random house. Â*It was 1250 sq feet and was selling for 500K. Â*With 50K down (I think) the couple would have to make 191K per year and will have a payment of $3200 per month. 1250 sq feet!!! What bullshit. The house was built in 1962 and has 3 whole bedrooms and 2 baths. Â*http://www.lasvegashotboats.com/iB_html/non-cgi/emoticons/laugh.gif

So, for all you that make 200K per year you should hop on this mansion. Â*http://www.lasvegashotboats.com/iB_html/non-cgi/emoticons/wink.gif[/QUOTE]<span id='postcolor'>
It has to stop sometime....this is getting out of control! I am just glad that I am in a house that I can stay in for a long time. I feel sorry for those that are still renting...how will they ever be able to afford to buy a place at the rate they are going? http://www.lasvegashotboats.com/iB_html/non-cgi/emoticons/sad.gif

[RiverLife]

</span><table border="0" align="center" width="95%" cellpadding="3" cellspacing="1"><tr><td>Quote (kevnmcd @ May 10 2004, 11:37 am)</td></tr><tr><td id="QUOTE"></span><table border="0" align="center" width="95%" cellpadding="3" cellspacing="1"><tr><td>Quote (THOR @ May 10 2004, 08:34 am)</td></tr><tr><td id="QUOTE">They had an example of what exactly it takes to buy a house in OC (or anywhere for that matter, they just chose OC). They walked you through the process with a real home for sale in area code 92647 (Huntington Beach). They picked a random house. Â*It was 1250 sq feet and was selling for 500K. Â*With 50K down (I think) the couple would have to make 191K per year and will have a payment of $3200 per month. 1250 sq feet!!! What bullshit. The house was built in 1962 and has 3 whole bedrooms and 2 baths. Â*http://www.lasvegashotboats.com/iB_html/non-cgi/emoticons/laugh.gif

So, for all you that make 200K per year you should hop on this mansion. Â*http://www.lasvegashotboats.com/iB_html/non-cgi/emoticons/wink.gif[/QUOTE]<span id='postcolor'>
It has to stop sometime....this is getting out of control! Â*I am just glad that I am in a house that I can stay in for a long time. Â*I feel sorry for those that are still renting...how will they ever be able to afford to buy a place at the rate they are going? Â*http://www.lasvegashotboats.com/iB_html/non-cgi/emoticons/sad.gif[/QUOTE]<span id='postcolor'>
Which is exactly why I'm buying a place in Temecula! This will slow down; rates will go up, prices will come down a bit, but I still REFUSE to pay $600K for a shit box of a house. O.C. aint THAT cool. It's a good thing that I really love the Temecula area. My generation is kind of fucked right now if you want to OWN a home in OC.

[kevnmcd]

</span><table border="0" align="center" width="95%" cellpadding="3" cellspacing="1"><tr><td>Quote (RiverLife @ May 10 2004, 09:00 am)</td></tr><tr><td id="QUOTE">O.C. aint THAT cool. Â*[/QUOTE]<span id='postcolor'>
Yes it is! http://www.lasvegashotboats.com/iB_html/non-cgi/emoticons/wink.gif It doesn't matter where you buy...you just need to get on the train before it leaves the station. http://www.lasvegashotboats.com/iB_html/non-cgi/emoticons/biggrin.gif

[THOR]

It may slow down but prices in socal will not stop, nor will they go down. They dipped a little in the early 90's and now are climbing out of control. But, the current prices are limiting the people that are eligible for housing. Markets for housing are cyclical just like anything else, but they will always go up. History repeats itself.

RL,
just sell the Schiada and you could afford a killer crib here.

[kevnmcd]

</span><table border="0" align="center" width="95%" cellpadding="3" cellspacing="1"><tr><td>Quote (THOR @ May 10 2004, 09:15 am)</td></tr><tr><td id="QUOTE">RL,
just sell the Schiada and you could afford a killer crib here.[/QUOTE]<span id='postcolor'>
He could probably buy a house and retire with that kind of dough. http://www.lasvegashotboats.com/iB_html/non-cgi/emoticons/biggrin.gif

[Essex502]

Thor is right...the housing market will plateau then dip a little and find its equilibrium somewhere below the peak - maybe 5% or so...it will stabilize for a time to allow salaries to catch up then take off again. Relax and enjoy the fact that when you retire and want to move out of state or downsize or do a reverse mortgage you'll be set.

[RiverLife]

Hmmmmmm http://www.lasvegashotboats.com/iB_html/non-cgi/emoticons/rolleyes.gif Sell the Schiada, buy big house....... I think I'll buy a nice house and get a big boat! http://www.lasvegashotboats.com/iB_html/non-cgi/emoticons/biggrin.gif

Actually, I do love O.C., I was born in San Clemente and basically lived on the sand my whole life so it's hard not to love it here, but I would be moving to the Temecula area even if it wasn't out of control here. I guess I'm getting older but my tastes have changed and I like that kind of lifestyle now.

Looks like THOR and McD are the ones who should cash in on some of that Mega Equity they've got and put Jesse Jame's boat to shame! http://www.lasvegashotboats.com/iB_html/non-cgi/emoticons/biggrin.gif

[ctm23]

I bought three years ago. 1800 sqft .56 acre paid 175. remodeled room addition (additional 600 sqft) appraised for 450 last month when I refinanced. Â*Nice nest egg Â*or down payment on a new boat... http://www.lasvegashotboats.com/iB_html/non-cgi/emoticons/biggrin.gif I bought my first house in 89. it took me 9 years to get out of that house and break even.

[MOWtown]

In Vegas, we have investors coming in and buying 3-4+ new homes at a time and not even renting them out. Just sitting on them a flipping them in 6-12 months...and making hundreds of thousands of dollars.

[ctm23]

It's nice to be on this side of the market this time.

[THOR]

</span><table border="0" align="center" width="95%" cellpadding="3" cellspacing="1"><tr><td>Quote (RiverLife @ May 10 2004, 1:17 pm)</td></tr><tr><td id="QUOTE">Hmmmmmm Â*http://www.lasvegashotboats.com/iB_html/non-cgi/emoticons/rolleyes.gif Â* Sell the Schiada, buy big house....... Â*I think I'll buy a nice house and get a big boat! http://www.lasvegashotboats.com/iB_html/non-cgi/emoticons/biggrin.gif

Actually, I do love O.C., I was born in San Clemente and basically lived on the sand my whole life so it's hard not to love it here, but I would be moving to the Temecula area even if it wasn't out of control here. Â*I guess I'm getting older but my tastes have changed and I like that kind of lifestyle now.

Looks like THOR and McD are the ones who should cash in on some of that Mega Equity they've got and put Jesse Jame's boat to shame! http://www.lasvegashotboats.com/iB_html/non-cgi/emoticons/biggrin.gif[/QUOTE]<span id='postcolor'>
Uh, dont lump me in with the rich crowd. Mine has only appreciated a little in one year.

[RiverLife]

Yeah right Craig, we just appraised a house similar to yours, near yours, for a lot more than what you paid! I bet you'd be surprised. Especially once you finish that RV parking on the side of your house, woooo, sit back and watch the millions roll in! http://www.lasvegashotboats.com/iB_html/non-cgi/emoticons/biggrin.gif

[kevnmcd]

</span><table border="0" align="center" width="95%" cellpadding="3" cellspacing="1"><tr><td>Quote (THOR @ May 10 2004, 10:35 am)</td></tr><tr><td id="QUOTE">Uh, dont lump me in with the rich crowd. Mine has only appreciated a little in one year.[/QUOTE]<span id='postcolor'>
LMAO! http://www.lasvegashotboats.com/iB_html/non-cgi/emoticons/laugh.gif http://www.lasvegashotboats.com/iB_html/non-cgi/emoticons/laugh.gif http://www.lasvegashotboats.com/iB_html/non-cgi/emoticons/laugh.gif http://www.lasvegashotboats.com/iB_html/non-cgi/emoticons/laugh.gif

Yeah, right. http://www.lasvegashotboats.com/iB_html/non-cgi/emoticons/wink.gif

[Essex502]

</span><table border="0" align="center" width="95%" cellpadding="3" cellspacing="1"><tr><td>Quote (MOWtown @ May 10 2004, 10:26 am)</td></tr><tr><td id="QUOTE">In Vegas, we have investors coming in and buying 3-4+ new homes at a time and not even renting them out. Â*Just sitting on them a flipping them in 6-12 months...and making hundreds of thousands of dollars.[/QUOTE]<span id='postcolor'>
This is happening in Anthems where my buddy has a home...some guy came in and bought two $1M+ homes. Ridiculous. http://www.lasvegashotboats.com/iB_html/non-cgi/emoticons/confused.gif

[MOWtown]

</span><table border="0" align="center" width="95%" cellpadding="3" cellspacing="1"><tr><td>Quote (Essex502 @ May 10 2004, 10:48 am)</td></tr><tr><td id="QUOTE"></span><table border="0" align="center" width="95%" cellpadding="3" cellspacing="1"><tr><td>Quote (MOWtown @ May 10 2004, 10:26 am)</td></tr><tr><td id="QUOTE">In Vegas, we have investors coming in and buying 3-4+ new homes at a time and not even renting them out. Â*Just sitting on them a flipping them in 6-12 months...and making hundreds of thousands of dollars.[/QUOTE]<span id='postcolor'>
This is happening in Anthems where my buddy has a home...some guy came in and bought two $1M+ homes. Ridiculous. http://www.lasvegashotboats.com/iB_html/non-cgi/emoticons/confused.gif[/QUOTE]<span id='postcolor'>
Anthem's crazy. I'm building a home in Anthem Club right now. The lot alone was $600,000 last year...now worth over 1 mil.

[RiverLife]

How's the HOA in Anthem? I heard it was crazy, like 800 a month??!

[MOWtown]

Speaking of Anthem, check this out.

These are the fountains (now dry) in front of Anthem. Some rich bitch driving her new vette too fast. She was just sitting on the side of the road with her head in her hands.

[THOR]

She should be arrested for abusing a Corvette. F'n bitches, I swear.

[MOWtown]

</span><table border="0" align="center" width="95%" cellpadding="3" cellspacing="1"><tr><td>Quote (THOR @ May 10 2004, 11:19 am)</td></tr><tr><td id="QUOTE">She should be arrested for abusing a Corvette. F'n bitches, I swear.[/QUOTE]<span id='postcolor'>
http://www.lasvegashotboats.com/iB_html/non-cgi/emoticons/laugh.gif http://www.lasvegashotboats.com/iB_html/non-cgi/emoticons/laugh.gif http://www.lasvegashotboats.com/iB_html/non-cgi/emoticons/laugh.gif