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SD Realtor.
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August 6, 2008 at 3:29 PM #253801August 6, 2008 at 4:01 PM #253877
CoronitaParticipant[quote]This guy is about to catch the biggest knife in SD County. What if a Starbucks closes down near one of his places? 600 due to be closed this year.
What if prices drop another 20% when Alt-A and other debts take a hit in the next 12 months? Oh yeah, how about unemployment going up to 7% or 8%? I’m glad to see that there’s still tons o money out there looking for a home, though.[/quote]Nothing, when you play with OPM (other people’s money).
August 6, 2008 at 4:01 PM #253826CoronitaParticipant[quote]This guy is about to catch the biggest knife in SD County. What if a Starbucks closes down near one of his places? 600 due to be closed this year.
What if prices drop another 20% when Alt-A and other debts take a hit in the next 12 months? Oh yeah, how about unemployment going up to 7% or 8%? I’m glad to see that there’s still tons o money out there looking for a home, though.[/quote]Nothing, when you play with OPM (other people’s money).
August 6, 2008 at 4:01 PM #253759CoronitaParticipant[quote]This guy is about to catch the biggest knife in SD County. What if a Starbucks closes down near one of his places? 600 due to be closed this year.
What if prices drop another 20% when Alt-A and other debts take a hit in the next 12 months? Oh yeah, how about unemployment going up to 7% or 8%? I’m glad to see that there’s still tons o money out there looking for a home, though.[/quote]Nothing, when you play with OPM (other people’s money).
August 6, 2008 at 4:01 PM #253592CoronitaParticipant[quote]This guy is about to catch the biggest knife in SD County. What if a Starbucks closes down near one of his places? 600 due to be closed this year.
What if prices drop another 20% when Alt-A and other debts take a hit in the next 12 months? Oh yeah, how about unemployment going up to 7% or 8%? I’m glad to see that there’s still tons o money out there looking for a home, though.[/quote]Nothing, when you play with OPM (other people’s money).
August 6, 2008 at 4:01 PM #253767CoronitaParticipant[quote]This guy is about to catch the biggest knife in SD County. What if a Starbucks closes down near one of his places? 600 due to be closed this year.
What if prices drop another 20% when Alt-A and other debts take a hit in the next 12 months? Oh yeah, how about unemployment going up to 7% or 8%? I’m glad to see that there’s still tons o money out there looking for a home, though.[/quote]Nothing, when you play with OPM (other people’s money).
August 6, 2008 at 4:58 PM #253799pepsi
Participant[quote=ucodegen]
These ignore carrying costs. I suspect they are using their own cash w/o using bank funding. This allows them to at least earn the ‘interest’ that would have been paid to the lender. …..
[/quote]
15M for 1500 houses, so they are doing 100K down for each house.
After a 50% price reduction of a 600K house, the price should be around 300K.
So, that is 33% down payment.August 6, 2008 at 4:58 PM #253808Participant[quote=ucodegen]
These ignore carrying costs. I suspect they are using their own cash w/o using bank funding. This allows them to at least earn the ‘interest’ that would have been paid to the lender. …..
[/quote]
15M for 1500 houses, so they are doing 100K down for each house.
After a 50% price reduction of a 600K house, the price should be around 300K.
So, that is 33% down payment.August 6, 2008 at 4:58 PM #253632Participant[quote=ucodegen]
These ignore carrying costs. I suspect they are using their own cash w/o using bank funding. This allows them to at least earn the ‘interest’ that would have been paid to the lender. …..
[/quote]
15M for 1500 houses, so they are doing 100K down for each house.
After a 50% price reduction of a 600K house, the price should be around 300K.
So, that is 33% down payment.August 6, 2008 at 4:58 PM #253866Participant[quote=ucodegen]
These ignore carrying costs. I suspect they are using their own cash w/o using bank funding. This allows them to at least earn the ‘interest’ that would have been paid to the lender. …..
[/quote]
15M for 1500 houses, so they are doing 100K down for each house.
After a 50% price reduction of a 600K house, the price should be around 300K.
So, that is 33% down payment.August 6, 2008 at 4:58 PM #253916Participant[quote=ucodegen]
These ignore carrying costs. I suspect they are using their own cash w/o using bank funding. This allows them to at least earn the ‘interest’ that would have been paid to the lender. …..
[/quote]
15M for 1500 houses, so they are doing 100K down for each house.
After a 50% price reduction of a 600K house, the price should be around 300K.
So, that is 33% down payment.August 6, 2008 at 5:41 PM #253819(former)FormerSanDiegan
Participant100K down on properties in the 300-400K range in Clairemont/Mira Mesa for example would probably be close to break-even.
August 6, 2008 at 5:41 PM #253827Participant100K down on properties in the 300-400K range in Clairemont/Mira Mesa for example would probably be close to break-even.
August 6, 2008 at 5:41 PM #253936Participant100K down on properties in the 300-400K range in Clairemont/Mira Mesa for example would probably be close to break-even.
August 6, 2008 at 5:41 PM #253653Participant100K down on properties in the 300-400K range in Clairemont/Mira Mesa for example would probably be close to break-even.
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