I am. I'll see you there next Saturday! I did not see any 2 bedrooms in my areas of interest. You are right, two bedrooms are more desirable. I am interested in a single family, however, I don't think it fits my lifestyle. I'm not one to worry about lawns and what not. I see that I will have to compromise a little bit on the location. Torrance is usually very expensive. I don't mind Gardena. I personally want to live on the Westside. That's my thing. I saw a really cute bungalow a while back in Hollywood. Overall, I'm not feeling Hollywood too much. Kinda cool, but I don't know. I'm trying not to look too much. I don't want to be too depressed with the loan people snap me back to reality. lol.
Quote:
Originally Posted by SummerChild
Hi Soror, I'd signed up for the workshop too. Did you get your confirmation card in the mail yet? I received the confirmation a couple of days ago.
Yes, the downtown market is so expensive and it will be so much more so as you say, after they finish everything. You're right about the lack of services. There will only be one grocery - the Ralph's that they are building now. Maybe other businesses will come into the downtown area. For me, I moved away from that market b/c it was so expensive and I really don't know that even if I wanted to pay all that - that I'd want to live in a loft with just four walls (and any others that I create) for the next few years. I guess I'd feel like a paid a bunch of money for a studio. lol. But to each her/his own I guess.
NACA seems like a good program and I am looking forward to taking part in it. The limit seems a little on the low side for Cali but whatever. We just have to work with what we have to work with I guess. Did you see any 2 bedrooms under the limit (362,000) or were they 1 bedrooms that you located? Let me know if you found any 2 bedrooms. I hear that the resale is so much better on those. Of course the price is higher so that sucks. LOL.
Have you looked into FHA loans? There is also a comparable loan called My Community. The loans only require like 3% down and they finance the other 97% (or 100% in the MyCommunity program) and the interest rates are supposed to be decent and they are supposed to have really good first time homebuyer programs. I am looking into whether there are any income restrictions. One lender told me yes for FHA but I didn't see that on the FHA website. I'm in the process of getting that info from another lender and will try to call FHA directly - if I can ever find a direct telephone line for them.
I love my current community and was looking at a unit on my street and around the corner...literally. LOL.
But, soror, I am thinking of waiting until the fall and seeing if the prices don't fall on everything like they are projecting with all of the supposed foreclosures and defaults and more stringent mortgage loan requirements that they are talking about is/will be happening in 2007. We'll see. When do you think would be a good time to get into the market?
I also like single families in Torrance - can't afford it, single families in Culver City - can't afford it, single families in West LA - can't afford it, single families in Ladera - sure as h*ll can't afford it (lol). Found a couple of cute houses in Windsor Hills - 2 bedrooms in the low 4's. That might be an option. Shoot, I saw some single families (2 bedrooms) in LA that are in the high 3's and 4's but since I'm not from here, I really don't know about the neighborhoods and whether it's really safe in the evenings, etc. but the houses and lawns looked nice and well maintained - but I was also a little thrown off by the bars on many of the windows. That might be too depressing.
So I'm all in the condo/townhouse market. I'm looking in Culver City, Torrance, Playa del rey and Hollywood. Gardena seems to have some moderately priced units. I got a couple of really long listings of properties in the southbay. Let me know if you want me to send it to you. Know of any other good areas that I'm missing? Hollywood is supposed to be coming back up in the next year...and it's so central to downtown and to the westside.
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