In a few zip codes, we may be close enough that the drop from here to bottom is not large enough to worry about.

Plus, the Piggs are finding deals, possibly even driving comps to the bottom.

So, maybe the market hasn’t bottomed, but the Piggs are shopping under the market.

It is fascinating, though. A hint that someday this will be the “unreasonably bullish” real estate blog when everyone else is scared.

When Piggs start buying in Carmel Valley, that’ll be the bottom.

In a few zip codes, we may be close enough that the drop from here to bottom is not large enough to worry about.

Plus, the Piggs are finding deals, possibly even driving comps to the bottom.

So, maybe the market hasn’t bottomed, but the Piggs are shopping under the market.

It is fascinating, though. A hint that someday this will be the “unreasonably bullish” real estate blog when everyone else is scared.

When Piggs start buying in Carmel Valley, that’ll be the bottom.

Is it just me or has anybody else noticed we are experiencing an energy shock. Also looking at LEH we are finding ourselves still in the throws of the credit crisis, also employment is taking a nose dive. Has anybody else noticed that the pollyannas on CNBC look really stupid right now. IMO there are way too many head winds (some approaching hurricane force) for the “bottom already come?”. I imagine you can find property at the bottom end of the market that will cash flow but don’t expect any appreciation for years there. Just my two cents.

Is it just me or has anybody else noticed we are experiencing an energy shock. Also looking at LEH we are finding ourselves still in the throws of the credit crisis, also employment is taking a nose dive. Has anybody else noticed that the pollyannas on CNBC look really stupid right now. IMO there are way too many head winds (some approaching hurricane force) for the “bottom already come?”. I imagine you can find property at the bottom end of the market that will cash flow but don’t expect any appreciation for years there. Just my two cents.

Is it just me or has anybody else noticed we are experiencing an energy shock. Also looking at LEH we are finding ourselves still in the throws of the credit crisis, also employment is taking a nose dive. Has anybody else noticed that the pollyannas on CNBC look really stupid right now. IMO there are way too many head winds (some approaching hurricane force) for the “bottom already come?”. I imagine you can find property at the bottom end of the market that will cash flow but don’t expect any appreciation for years there. Just my two cents.

I think sdrealtor said it best (see below)

For the well informed, well advised, ready and willing buyer there can and will be great opportunities all along the road over the next few years. Most opportunites are not good but they will be great ones out there for the opportunistic individual. Educate yourselves, know what you want, how much you think it is worth and be ready to strike when you find it. It may be tommorrow, it may be next month, it may be 5 years down the road. You never know!

My two cents:

Just remember the phrase:

Pig’s (not piggs) get slaughtered

Works in both market directions.

I think sdrealtor said it best (see below)

For the well informed, well advised, ready and willing buyer there can and will be great opportunities all along the road over the next few years. Most opportunites are not good but they will be great ones out there for the opportunistic individual. Educate yourselves, know what you want, how much you think it is worth and be ready to strike when you find it. It may be tommorrow, it may be next month, it may be 5 years down the road. You never know!

My two cents:

Just remember the phrase:

Pig’s (not piggs) get slaughtered

Works in both market directions.