Be-elzebub

Uninterested in interest rates...bottom schmottom. The bottom is where the media says it is. If they said the bottom was today, you'd have a half a million people go out and buy a home tomorrow. My God, every time someone is about to predict the fallout of the real estate market based on interest only loans makes me wanna gag...no gag their mouths. There are a lot of people like me who can well afford a fixed rate 30 year term, who choose not to because I have better things to do with my money. How many people are about to retire, sell their home and move, and knew it 5 years ago and didn't want a higher fixed rate! Not all homeowners will lose their homes, just refi into another interest only loan, albeit at a higher rate than a few years ago. - Yesterday, 20:30

NO! I had a friend who lived there. She came home one day and heard a noise...found someone trying to hide under a bathroom vanity. The kid bolted out of the house. Scared the H-E-Double toothpicks outta her. She moved to San Ramon. - Yesterday, 20:10

Fuggedaboudit. They've got this puny little store, not even as big as a 7-11. If Mountain House had a decent commercial building, someone would make a killing opening a market with maybe 1000 sq ft of space and just basic food items, milk, eggs, bread, soda, beer, cereal, frozen tv dinners, etc. You can go to the nice Safeway on 11th and Corral Hollow. They even have a bank inside open 7 days a week.

As for now, the grandiose plans for MH will not materialize in the current real estate market. Too many homes languishing on the resale market and developers scaling back production of new homes. MH is for now just another bedroom community. - Thu Jan 24 2008, 22:27

Some builders are keeping inventory low and I hear that some will not be able to complete their subdivisions. - Sat Jan 12 2008, 16:05

Eruc,

I am tracking sales in Mountain House and have found some excellent values, ie., New Centex home at $144/sq. ft., and resales in the $115-$129/sq. ft. range for homes 3000-3500 sq. ft.. I hesitate to purchase with the negative press about real estate. Additionally, someone I know who works for Washington Mutual Bank as an appraiser, says that there are a lot more foreclosures coming in Mountain House for the first and second quarter of 2008. I'd suggest waiting a little longer to let the foreclosures adjust the Mountain House market downward before you buy.

That being said, the potential for Mountain House is good. Long term growth, if the 4 major developers-Centex, Pulte, Lennar and Shea can survive, is promising. It is the first town out of Livermore going eastward and it is a master planned development with retail, commercial and schools to come. So, if BART ever gets developed out to Livermore, you will realize a nice gain in property value. - Fri Nov 23 2007, 16:22

I know that ZILLOW.COM works for California. Try it out for your state. - Fri Nov 23 2007, 17:00