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scaredyclassic.
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June 8, 2010 at 8:08 PM #17540June 8, 2010 at 8:24 PM #561066
sdrealtor
ParticipantJust my opinion but if you can find something you like at a good deal on the current market its worth considering because interest rates are insanely low. If you were a cash buyer you’d likely want to wait a bit more but as I know you arent sitting on a big pile of cash the low rates mean alot to you.
I can speak best to Encinitas as its my backyard and I know it better than any one else on this board. It seems like a very high percentage of the peak bubble buyers have already been wiped out of the system. I’m sure there are more out there but the worst seems to have passed around here. I have seen prices rebound after over correcting (at least at the time they were and thats not to say there isnt more downside). My feeling is we will see a long and painful stagnant market around here for another 3 to 5 years. If they drop lower, demand will increase and if rates shoot up they may not be affordable to low down buyers anymore.
I dont know enough to say buy now nor would I ever do so but you should at least go through the motions to see whether it makes sense and whether you can find/afford what you like.
June 8, 2010 at 8:24 PM #561165sdrealtor
ParticipantJust my opinion but if you can find something you like at a good deal on the current market its worth considering because interest rates are insanely low. If you were a cash buyer you’d likely want to wait a bit more but as I know you arent sitting on a big pile of cash the low rates mean alot to you.
I can speak best to Encinitas as its my backyard and I know it better than any one else on this board. It seems like a very high percentage of the peak bubble buyers have already been wiped out of the system. I’m sure there are more out there but the worst seems to have passed around here. I have seen prices rebound after over correcting (at least at the time they were and thats not to say there isnt more downside). My feeling is we will see a long and painful stagnant market around here for another 3 to 5 years. If they drop lower, demand will increase and if rates shoot up they may not be affordable to low down buyers anymore.
I dont know enough to say buy now nor would I ever do so but you should at least go through the motions to see whether it makes sense and whether you can find/afford what you like.
June 8, 2010 at 8:24 PM #562047sdrealtor
ParticipantJust my opinion but if you can find something you like at a good deal on the current market its worth considering because interest rates are insanely low. If you were a cash buyer you’d likely want to wait a bit more but as I know you arent sitting on a big pile of cash the low rates mean alot to you.
I can speak best to Encinitas as its my backyard and I know it better than any one else on this board. It seems like a very high percentage of the peak bubble buyers have already been wiped out of the system. I’m sure there are more out there but the worst seems to have passed around here. I have seen prices rebound after over correcting (at least at the time they were and thats not to say there isnt more downside). My feeling is we will see a long and painful stagnant market around here for another 3 to 5 years. If they drop lower, demand will increase and if rates shoot up they may not be affordable to low down buyers anymore.
I dont know enough to say buy now nor would I ever do so but you should at least go through the motions to see whether it makes sense and whether you can find/afford what you like.
June 8, 2010 at 8:24 PM #561765sdrealtor
ParticipantJust my opinion but if you can find something you like at a good deal on the current market its worth considering because interest rates are insanely low. If you were a cash buyer you’d likely want to wait a bit more but as I know you arent sitting on a big pile of cash the low rates mean alot to you.
I can speak best to Encinitas as its my backyard and I know it better than any one else on this board. It seems like a very high percentage of the peak bubble buyers have already been wiped out of the system. I’m sure there are more out there but the worst seems to have passed around here. I have seen prices rebound after over correcting (at least at the time they were and thats not to say there isnt more downside). My feeling is we will see a long and painful stagnant market around here for another 3 to 5 years. If they drop lower, demand will increase and if rates shoot up they may not be affordable to low down buyers anymore.
I dont know enough to say buy now nor would I ever do so but you should at least go through the motions to see whether it makes sense and whether you can find/afford what you like.
June 8, 2010 at 8:24 PM #561658sdrealtor
ParticipantJust my opinion but if you can find something you like at a good deal on the current market its worth considering because interest rates are insanely low. If you were a cash buyer you’d likely want to wait a bit more but as I know you arent sitting on a big pile of cash the low rates mean alot to you.
I can speak best to Encinitas as its my backyard and I know it better than any one else on this board. It seems like a very high percentage of the peak bubble buyers have already been wiped out of the system. I’m sure there are more out there but the worst seems to have passed around here. I have seen prices rebound after over correcting (at least at the time they were and thats not to say there isnt more downside). My feeling is we will see a long and painful stagnant market around here for another 3 to 5 years. If they drop lower, demand will increase and if rates shoot up they may not be affordable to low down buyers anymore.
I dont know enough to say buy now nor would I ever do so but you should at least go through the motions to see whether it makes sense and whether you can find/afford what you like.
June 8, 2010 at 9:38 PM #561789capeman
ParticipantGo for REOs. You may get a bank to break down and give you a deal on a house you really want or it may take quite a while (or never) before they break and have to unload at your price.
June 8, 2010 at 9:38 PM #562072capeman
ParticipantGo for REOs. You may get a bank to break down and give you a deal on a house you really want or it may take quite a while (or never) before they break and have to unload at your price.
June 8, 2010 at 9:38 PM #561683capeman
ParticipantGo for REOs. You may get a bank to break down and give you a deal on a house you really want or it may take quite a while (or never) before they break and have to unload at your price.
June 8, 2010 at 9:38 PM #561090capeman
ParticipantGo for REOs. You may get a bank to break down and give you a deal on a house you really want or it may take quite a while (or never) before they break and have to unload at your price.
June 8, 2010 at 9:38 PM #561190capeman
ParticipantGo for REOs. You may get a bank to break down and give you a deal on a house you really want or it may take quite a while (or never) before they break and have to unload at your price.
June 8, 2010 at 10:09 PM #561708mixxalot
ParticipantFinding REOs
How would I go about finding REO properties to buy from the banks? I am not a cash buyer and would probably look at financing with FHA or similar program.
June 8, 2010 at 10:09 PM #561214mixxalot
ParticipantFinding REOs
How would I go about finding REO properties to buy from the banks? I am not a cash buyer and would probably look at financing with FHA or similar program.
June 8, 2010 at 10:09 PM #562097mixxalot
ParticipantFinding REOs
How would I go about finding REO properties to buy from the banks? I am not a cash buyer and would probably look at financing with FHA or similar program.
June 8, 2010 at 10:09 PM #561815mixxalot
ParticipantFinding REOs
How would I go about finding REO properties to buy from the banks? I am not a cash buyer and would probably look at financing with FHA or similar program.
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