4S Ranch: Banks starting to seriously compete

[JWM in SD]

“So moving losing job . . . always possible but highly unlikely. Selling the home should this highly unlikely circumstance arrive would be no problem.”

Sure, but can your neighbors who bought in 2005 to 2007 say the same thing??

Not everyone can work in healthcare or for the government and they are the ones who will reset your comps in next several years.

[JWM in SD]

“Hmmm . . . I take this as just a stab in the dark prediction that prices on 4S homes of 3000+ will fall another 300K from where the are now to put me in a 100K neg equity position. We could argue back and forth with our predictions of the future direction of an equity market which in large part is driven by emotion but that would be stupid, pointless, and of now value wouldn’t it????? So I guess we just have to wait on that one.”

I guess you haven’t seen the reset chart. You know, the one with the alt-a and option arms wave coming soon to a nice neighborhood near you??? Think any of your neighbors has one of those kinds of loans and…doesn’t work for the government or is in the medical profession?

No, the market won’t be driven by emotion. It will be driven by banks that can’t hold on to properties any longer when desperately trying to raise capital.

[JWM in SD]

“Hmmm . . . I take this as just a stab in the dark prediction that prices on 4S homes of 3000+ will fall another 300K from where the are now to put me in a 100K neg equity position. We could argue back and forth with our predictions of the future direction of an equity market which in large part is driven by emotion but that would be stupid, pointless, and of now value wouldn’t it????? So I guess we just have to wait on that one.”

I guess you haven’t seen the reset chart. You know, the one with the alt-a and option arms wave coming soon to a nice neighborhood near you??? Think any of your neighbors has one of those kinds of loans and…doesn’t work for the government or is in the medical profession?

No, the market won’t be driven by emotion. It will be driven by banks that can’t hold on to properties any longer when desperately trying to raise capital.

[JWM in SD]

“Hmmm . . . I take this as just a stab in the dark prediction that prices on 4S homes of 3000+ will fall another 300K from where the are now to put me in a 100K neg equity position. We could argue back and forth with our predictions of the future direction of an equity market which in large part is driven by emotion but that would be stupid, pointless, and of now value wouldn’t it????? So I guess we just have to wait on that one.”

I guess you haven’t seen the reset chart. You know, the one with the alt-a and option arms wave coming soon to a nice neighborhood near you??? Think any of your neighbors has one of those kinds of loans and…doesn’t work for the government or is in the medical profession?

No, the market won’t be driven by emotion. It will be driven by banks that can’t hold on to properties any longer when desperately trying to raise capital.

[JWM in SD]

“Hmmm . . . I take this as just a stab in the dark prediction that prices on 4S homes of 3000+ will fall another 300K from where the are now to put me in a 100K neg equity position. We could argue back and forth with our predictions of the future direction of an equity market which in large part is driven by emotion but that would be stupid, pointless, and of now value wouldn’t it????? So I guess we just have to wait on that one.”

I guess you haven’t seen the reset chart. You know, the one with the alt-a and option arms wave coming soon to a nice neighborhood near you??? Think any of your neighbors has one of those kinds of loans and…doesn’t work for the government or is in the medical profession?

No, the market won’t be driven by emotion. It will be driven by banks that can’t hold on to properties any longer when desperately trying to raise capital.

[JWM in SD]

“Hmmm . . . I take this as just a stab in the dark prediction that prices on 4S homes of 3000+ will fall another 300K from where the are now to put me in a 100K neg equity position. We could argue back and forth with our predictions of the future direction of an equity market which in large part is driven by emotion but that would be stupid, pointless, and of now value wouldn’t it????? So I guess we just have to wait on that one.”

I guess you haven’t seen the reset chart. You know, the one with the alt-a and option arms wave coming soon to a nice neighborhood near you??? Think any of your neighbors has one of those kinds of loans and…doesn’t work for the government or is in the medical profession?

No, the market won’t be driven by emotion. It will be driven by banks that can’t hold on to properties any longer when desperately trying to raise capital.

[an]

JWM in SD, as a future buyer, I sure hope you’re right. I’m hoping long and hard we’ll be back to mid 80s price some day of less than $100/sq-ft in San Diego. Maybe then, starter homes (~1500 sq-ft) in Mira Mesa would be around $100k-$130k.

[an]

JWM in SD, as a future buyer, I sure hope you’re right. I’m hoping long and hard we’ll be back to mid 80s price some day of less than $100/sq-ft in San Diego. Maybe then, starter homes (~1500 sq-ft) in Mira Mesa would be around $100k-$130k.

[an]

JWM in SD, as a future buyer, I sure hope you’re right. I’m hoping long and hard we’ll be back to mid 80s price some day of less than $100/sq-ft in San Diego. Maybe then, starter homes (~1500 sq-ft) in Mira Mesa would be around $100k-$130k.

[an]

JWM in SD, as a future buyer, I sure hope you’re right. I’m hoping long and hard we’ll be back to mid 80s price some day of less than $100/sq-ft in San Diego. Maybe then, starter homes (~1500 sq-ft) in Mira Mesa would be around $100k-$130k.

[an]

JWM in SD, as a future buyer, I sure hope you’re right. I’m hoping long and hard we’ll be back to mid 80s price some day of less than $100/sq-ft in San Diego. Maybe then, starter homes (~1500 sq-ft) in Mira Mesa would be around $100k-$130k.

[Ex-SD]

Looks like “Grateful Owner” is in better shape than 99% of others who have a mortgage. He can afford it if his home goes into negative territory. Enjoy your home. (I bet you get a lot of new neighbors over the next four to five years)

JWM makes a very valid point in regards to what the future has in store.
And I quote: “No, the market won’t be driven by emotion. It will be driven by banks that can’t hold on to properties any longer when desperately trying to raise capital.”

[Ex-SD]

Looks like “Grateful Owner” is in better shape than 99% of others who have a mortgage. He can afford it if his home goes into negative territory. Enjoy your home. (I bet you get a lot of new neighbors over the next four to five years)

JWM makes a very valid point in regards to what the future has in store.
And I quote: “No, the market won’t be driven by emotion. It will be driven by banks that can’t hold on to properties any longer when desperately trying to raise capital.”

[Ex-SD]

Looks like “Grateful Owner” is in better shape than 99% of others who have a mortgage. He can afford it if his home goes into negative territory. Enjoy your home. (I bet you get a lot of new neighbors over the next four to five years)

JWM makes a very valid point in regards to what the future has in store.
And I quote: “No, the market won’t be driven by emotion. It will be driven by banks that can’t hold on to properties any longer when desperately trying to raise capital.”

[Ex-SD]

Looks like “Grateful Owner” is in better shape than 99% of others who have a mortgage. He can afford it if his home goes into negative territory. Enjoy your home. (I bet you get a lot of new neighbors over the next four to five years)

JWM makes a very valid point in regards to what the future has in store.
And I quote: “No, the market won’t be driven by emotion. It will be driven by banks that can’t hold on to properties any longer when desperately trying to raise capital.”

[Author]

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