[quote=sdrealtor]All are not bad for RE values. Limited supply creates stability and or upward pressure. We have limited supply. The shadow inventory is actually a fraction of what the most bearish (like yourself) beleive. The short sale epidemic is not growing but is rather becoming more orderly and predictable. The looming Option ARM issue is a complete unknown and will likely be addressed in some shape or form (forbearances, loan mods etc.). The worst has come and gone already. [/quote]
[quote=sdrealtor]“ absolutely beleive there is a 2nd leg down coming. I expect my house to decline 15 to 20% from where it is now.” [/quote]
From the other thread today…….
[quote=sdrealtor]“ NLSG,
I agree with your premise. I think it will be on a smaller scale and spread out over a few years. I have always beleived the next leg down will be 2 to 3 years of 5 to 10% declines. I dont see 50% declines around me at least on a large scale. [/quote]
2 to 3 years of 5 to 10% declines equals 10% to 30%. So by your estimations your $550k sale may be now looking at a $165k loss instead of $110k? You do know this is real money to the people you sell houses to?
Just trying to keep up with the flips and flops. LOL
Beleive??? You should have taken at least one spelling course along your lauded educational history.
I never said I only have a HS diploma education. I do not need to make pathetic qualifications to support my points.
