cyphire – sdr and I have often disagreed on alot of points but sometimes our worlds collide in strange ways. I just closed a home for some buyers who I told over and over again that I would wait to buy. However, as much as they understood my rationale, the display of data I showed them, and the simple logic of long depreciation cycles, the bottom line is they wanted to buy. We worked together several months and they bought a nice place off of Olivenhain. They are a young couple and by no means are a 7 figure couple. They are going to be there long term, they have no intention of selling, and it is where they simply wanted to live.
I cannot say they will be happy in a year from now but I think they will love their home, enjoy the life, and in the long run they will indeed be happy.
One thing that ALL of us here on Piggington have in common is that we all see the same data. We all hear the media portrayals, we all see the BS about how housing is not failing… However one thing that sdr, myself, and I would imagine some other realtors see is that there are people out there who want to buy and that these are not stupid people. I am not saying it is right or wrong, I am not saying these buyers will prop up the market. Yet, they all have reasons that, to the chagrin of most people here, they will stick with. People may call sdr or myself out for hoodwinking these people, but it is not the case. I know it is not for me and I sincerely doubt it is for him either. Yes there are PLENTY of sheister agents out there.
Last month I had a similar situation with another couple who bought a place in Sabre Springs. These are the normal buyers that you spoke of. These are bright people, engineer and pilot… not stupid, fully realizing that they could be buying in the midst of a long downtrend. However they bought because that is the lifestyle they wanted. I am not defending them, but they are out there.
I just don’t know why people deny their existence or cannot fathom why any of them behave like this.
