[quote=sdrealtor]DR B
To answer your question very few are underwater. They bought for the right reason and bought homes they will stay in long term.[/quote]
I appreciate the answers. So: 3 did well, 2 went bad, and 19 are … what, exactly?
If your buyers beat the market on all of those, congratulations. Really, you paid your way and then some.
But a quick look at the price vs. time graphs tells me something doesn’t sound right. Median price has gone down by at least 20% from the middle of the period we’re talking about, and 20 or so houses should broadly follow the market as a group. I gather you don’t play in the shallow end of the pool, so that’s a conservative $100k to $150k unrealized loss per house. They would have to be up 10% from, to pick an average, 2005 levels just to break even after costs. I’m skeptical, even with the past year’s price rises.
To put it another way, they could have saved $100k to $150k by sitting tight for a little longer. Your sales mix could skew this one way or the other, and it’s entirely possible you picked a full stable of winners.
Consolidating posts:
[quote]I have special insights to many things RE related but you are twisting things as we were talking about comps. What I have that you dont is access to databases that I pay for. If you were to spend a few thousand a year you could have the same information.[/quote]
I explained why the MLS doesn’t supply anything I need to mark my scorecard. I invited you to point out where I got it wrong (with numbered points for your refutation convenience), but you haven’t.
[quote]Also please dont confuse me with BG who is an entirely different viewpoint. She is not an active REa gent and is in the legal profession so she is overly sensitive to the intracies of the contract law.[/quote]
To put it mildly. She claimed to be active in both capacities in an earlier post, but now she has clarified her position. There are some other differences. You, for instance, actually read the English language without parsing it to a fare-thee-well and spamming word salad in response. I will refrain from lumping you together in the future. 🙂
