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re: Buying a home in Cali
Posted on 1/20/13 at 4:52 pm to scormi5
Posted on 1/20/13 at 4:52 pm to scormi5
As far as interest rates go- I would guess they will stay below 5% for at least the next year if the economy stays at slow recovery rate. As far as how good of a deal it will be in the future depends on so many geographical and neighborhood factors- but I will say the price looks good on the surface without knowing what market in California you are looking to buy in. Check the values of other properties built by the homebuilders that you are looking to buy from.
1
Posted on 1/20/13 at 8:31 pm to BigAppleTiger
Shopping around, it has the best value. The complex is using phased openings and we're in the first half; they're increasing the price every phase so we feel luck we found it when we did.
We originally looked at renting and pocketing more BAH, but the rentals we found were actually more than the mortgage we'd be paying on this place. By A-LOT. And those were used. We're happy to say the least.
We originally looked at renting and pocketing more BAH, but the rentals we found were actually more than the mortgage we'd be paying on this place. By A-LOT. And those were used. We're happy to say the least.
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