Wednesday, August 26, 2009
No Quit on Mariquita: UPDATE III
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LONG BEACH USED TO BE THE "AFFORDABLE" ALTERNATIVE TO OC AND LA, BUT AN INFORMATIONAL AND PSYCHOLOGICAL BARRIER IS PREVENTING LB FROM ACKNOWLEDGING THE SEVERITY OF THE ENSUING HOUSING CRASH, AS LONG BEACH REAL ESTATE PRICES NOW SURPASS THE OC IN MANY CASES. I CHALLENGE THE CONVENTIONAL WISDOM OF COMMISSION-HEADS WHO CLAIM "NOW IS A GREAT TIME TO BUY," AND I WANT TO HELP BUYERS ENSURE THEIR LARGEST SINGLE INVESTMENT IS A SOUND ONE.
Next reduction will be to $469,900!!!!
ReplyDeleteCome on, knife catchers, this is a beaut. All you have to do is put up $8600 of you own money as a down, and combine that with the $8000 tax credit (sorry, this wouldn't qualify for the now defunct $10K state new home tax credit). You'll qualify for a FHA loan.
It'll only run you about $3300/mo (assuming 5.75 fixed and 1.5% tax!!!!
What's the hold up?