Comments on: A Grand Canyon http://www.arcadiahousingblog.com/2008/04/17/a-grand-canyon/ Tracking the Arcadia and San Gabriel Valley Housing Market Mon, 06 Sep 2010 06:58:10 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: Headless Unicorn Guy http://www.arcadiahousingblog.com/2008/04/17/a-grand-canyon/comment-page-1/#comment-1817 Headless Unicorn Guy Wed, 23 Apr 2008 18:02:42 +0000 http://www.arcadiahousingblog.com/2008/04/17/a-grand-canyon/#comment-1817 <i>I wonder if they bought because they assumed they would be “priced out forever” if they didn’t.</i> Probably. I can hear the pitch now: "REAL ESTATE ARMAGEDDON IS COMING!!!!! DON'T BE <I>LEFT BEHIND</I>!!!!!" I wonder if they bought because they assumed they would be “priced out forever” if they didn’t.

Probably. I can hear the pitch now:

“REAL ESTATE ARMAGEDDON IS COMING!!!!!
DON’T BE LEFT BEHIND!!!!!”

]]> By: Stunning http://www.arcadiahousingblog.com/2008/04/17/a-grand-canyon/comment-page-1/#comment-1688 Stunning Fri, 18 Apr 2008 18:25:16 +0000 http://www.arcadiahousingblog.com/2008/04/17/a-grand-canyon/#comment-1688 HELLOOOOOOOOOOOOOOOOOOOOOOOO! 2 Frigging Bedrooms? 2 Frigging Bathrooms? This is NOT a family home but a bachelor pad and how many bachelors want to drop $1.4M to live in Arcadia? 2/2 !!!! That has to be a misprint! How did these folks save enough to buy in the first place? They cannot be that bright. HELLOOOOOOOOOOOOOOOOOOOOOOOO!

2 Frigging Bedrooms? 2 Frigging Bathrooms?

This is NOT a family home but a bachelor pad and how many bachelors want to drop $1.4M to live in Arcadia?

2/2 !!!! That has to be a misprint!

How did these folks save enough to buy in the first place? They cannot be that bright.

]]> By: SavedbyGrace http://www.arcadiahousingblog.com/2008/04/17/a-grand-canyon/comment-page-1/#comment-1682 SavedbyGrace Fri, 18 Apr 2008 00:36:47 +0000 http://www.arcadiahousingblog.com/2008/04/17/a-grand-canyon/#comment-1682 What do you mean when you say snapping point? I think we'll see faster and more drastic changes in the Arcadia landscape in the coming year than we did last year because of the reseting Alt-A loans. What do you mean when you say snapping point? I think we’ll see faster and more drastic changes in the Arcadia landscape in the coming year than we did last year because of the reseting Alt-A loans.

]]> By: SavedbyGrace http://www.arcadiahousingblog.com/2008/04/17/a-grand-canyon/comment-page-1/#comment-1681 SavedbyGrace Fri, 18 Apr 2008 00:33:20 +0000 http://www.arcadiahousingblog.com/2008/04/17/a-grand-canyon/#comment-1681 You're probably right. I could be way off, but I don't think there are too many long time owners who have lots of equity because even the long time owners have a tendency to pull out HELOCs that eat away at their equity. The folks who have lots of equity are the ones who have stayed put in their home for 20-30+ years. You’re probably right. I could be way off, but I don’t think there are too many long time owners who have lots of equity because even the long time owners have a tendency to pull out HELOCs that eat away at their equity. The folks who have lots of equity are the ones who have stayed put in their home for 20-30+ years.

]]> By: SavedbyGrace http://www.arcadiahousingblog.com/2008/04/17/a-grand-canyon/comment-page-1/#comment-1680 SavedbyGrace Fri, 18 Apr 2008 00:28:38 +0000 http://www.arcadiahousingblog.com/2008/04/17/a-grand-canyon/#comment-1680 The loan info is available through public county records. Some paid services (like netronline and homeinfomax) gather the information for easy access but they usually charge a monthly or per-access fee. The loan info is available through public county records. Some paid services (like netronline and homeinfomax) gather the information for easy access but they usually charge a monthly or per-access fee.

]]> By: SavedbyGrace http://www.arcadiahousingblog.com/2008/04/17/a-grand-canyon/comment-page-1/#comment-1679 SavedbyGrace Fri, 18 Apr 2008 00:28:18 +0000 http://www.arcadiahousingblog.com/2008/04/17/a-grand-canyon/#comment-1679 I agree that this home may not be for 1st time buyers either, but it's still insanely overpriced. Although, I wouldn't go so far as to say that homes in the Highlands are "never meant" 1st time home owners. I agree that this home may not be for 1st time buyers either, but it’s still insanely overpriced. Although, I wouldn’t go so far as to say that homes in the Highlands are “never meant” 1st time home owners.

]]> By: puckhead http://www.arcadiahousingblog.com/2008/04/17/a-grand-canyon/comment-page-1/#comment-1678 puckhead Thu, 17 Apr 2008 23:53:55 +0000 http://www.arcadiahousingblog.com/2008/04/17/a-grand-canyon/#comment-1678 Can anyone provide me link to where I can find the loan information for properties? Can anyone provide me link to where I can find the loan information for properties?

]]> By: Anonymous http://www.arcadiahousingblog.com/2008/04/17/a-grand-canyon/comment-page-1/#comment-1677 Anonymous Thu, 17 Apr 2008 23:05:32 +0000 http://www.arcadiahousingblog.com/2008/04/17/a-grand-canyon/#comment-1677 Puckhead: I'm under the impression that most readers here are not long time homeowners with a lot of equity under their belts. Puckhead: I’m under the impression that most readers here are not long time homeowners with a lot of equity under their belts.

]]> By: puckhead http://www.arcadiahousingblog.com/2008/04/17/a-grand-canyon/comment-page-1/#comment-1676 puckhead Thu, 17 Apr 2008 22:28:07 +0000 http://www.arcadiahousingblog.com/2008/04/17/a-grand-canyon/#comment-1676 Houses up in the hills in Arcadia are never meant for 1st time buyer that can only come up with 20% down. The more likely buyer is a long time home owner that has substantial equity in their existing house that they can roll over or a very wealthy buyer. But first time buyers in Arcadia? Please look further down the hill. Houses up in the hills in Arcadia are never meant for 1st time buyer that can only come up with 20% down. The more likely buyer is a long time home owner that has substantial equity in their existing house that they can roll over or a very wealthy buyer. But first time buyers in Arcadia? Please look further down the hill.

]]> By: joanbob http://www.arcadiahousingblog.com/2008/04/17/a-grand-canyon/comment-page-1/#comment-1669 joanbob Thu, 17 Apr 2008 21:05:56 +0000 http://www.arcadiahousingblog.com/2008/04/17/a-grand-canyon/#comment-1669 Terribly overpriced. Some people may be able to afford $1 million+ homes in Arcadia who are move-up buyers, assuming they can sell their own home in this market. I don't think a move-up buyer would buy a 2-bedroom home, though. This home is completely unaffordable to the entry level buyer. And even as a move-up buyer, assuming a purchase price of $1.3 million, there's still 1.25% property tax tacked on to that the new buyer would be shackled with. Terribly overpriced. Some people may be able to afford $1 million+ homes in Arcadia who are move-up buyers, assuming they can sell their own home in this market. I don’t think a move-up buyer would buy a 2-bedroom home, though. This home is completely unaffordable to the entry level buyer. And even as a move-up buyer, assuming a purchase price of $1.3 million, there’s still 1.25% property tax tacked on to that the new buyer would be shackled with.

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