4s ranch builder price advice

[Eugene]

for $470K in two years

2003 is not pre-bubble. Wait for 2001 of better yet, 2000 prices

http://www.zillow.com/HomeDetails.htm?zprop=52524071

This guy committed to paying something like $4500/month for a comparable house in 4S Ranch … in 2000.

(He probably got lucky and brought his payment down $1000/month by refinancing in 2003, but that’s beside the point)

[gn]

Randy,

The price offered to you by the builder is quite attractive when compared to the “current market price”. And that’s expected, because builders are under pressure to generate revenues, so they have to offer low prices in order to sell houses.

The problem is: just as your current deal is better than the John Doe who bought last year, another guy who buy this time next year will get a much better deal than what you’re getting. In term of prices, we are nowhere near the bottom.

IMHO, the chances that prices will go down significantly more is 99% (the 1% is for the scenario in which another “credit bubble” appears to pump money into real estate).

[gn]

Randy,

The price offered to you by the builder is quite attractive when compared to the “current market price”. And that’s expected, because builders are under pressure to generate revenues, so they have to offer low prices in order to sell houses.

The problem is: just as your current deal is better than the John Doe who bought last year, another guy who buy this time next year will get a much better deal than what you’re getting. In term of prices, we are nowhere near the bottom.

IMHO, the chances that prices will go down significantly more is 99% (the 1% is for the scenario in which another “credit bubble” appears to pump money into real estate).

[gn]

Randy,

The price offered to you by the builder is quite attractive when compared to the “current market price”. And that’s expected, because builders are under pressure to generate revenues, so they have to offer low prices in order to sell houses.

The problem is: just as your current deal is better than the John Doe who bought last year, another guy who buy this time next year will get a much better deal than what you’re getting. In term of prices, we are nowhere near the bottom.

IMHO, the chances that prices will go down significantly more is 99% (the 1% is for the scenario in which another “credit bubble” appears to pump money into real estate).

[gn]

Randy,

The price offered to you by the builder is quite attractive when compared to the “current market price”. And that’s expected, because builders are under pressure to generate revenues, so they have to offer low prices in order to sell houses.

The problem is: just as your current deal is better than the John Doe who bought last year, another guy who buy this time next year will get a much better deal than what you’re getting. In term of prices, we are nowhere near the bottom.

IMHO, the chances that prices will go down significantly more is 99% (the 1% is for the scenario in which another “credit bubble” appears to pump money into real estate).

[gn]

Randy,

The price offered to you by the builder is quite attractive when compared to the “current market price”. And that’s expected, because builders are under pressure to generate revenues, so they have to offer low prices in order to sell houses.

The problem is: just as your current deal is better than the John Doe who bought last year, another guy who buy this time next year will get a much better deal than what you’re getting. In term of prices, we are nowhere near the bottom.

IMHO, the chances that prices will go down significantly more is 99% (the 1% is for the scenario in which another “credit bubble” appears to pump money into real estate).

[lendingbubblecontinues]

@ esmith–

just wtf are you trying to say here? if you are throwing doubt on future enormous price drops, please state your situation, i.e. when you bought, where and what you bought (generally), and at what price, so that you may help us all begin to see it your way and/or see you as a bubble deny-er through and through.

Otherwise, I’ll just continue to think of you as another “born on third, thinks she hit a triple” type.

[lendingbubblecontinues]

@ esmith–

just wtf are you trying to say here? if you are throwing doubt on future enormous price drops, please state your situation, i.e. when you bought, where and what you bought (generally), and at what price, so that you may help us all begin to see it your way and/or see you as a bubble deny-er through and through.

Otherwise, I’ll just continue to think of you as another “born on third, thinks she hit a triple” type.

[lendingbubblecontinues]

@ esmith–

just wtf are you trying to say here? if you are throwing doubt on future enormous price drops, please state your situation, i.e. when you bought, where and what you bought (generally), and at what price, so that you may help us all begin to see it your way and/or see you as a bubble deny-er through and through.

Otherwise, I’ll just continue to think of you as another “born on third, thinks she hit a triple” type.

[lendingbubblecontinues]

@ esmith–

just wtf are you trying to say here? if you are throwing doubt on future enormous price drops, please state your situation, i.e. when you bought, where and what you bought (generally), and at what price, so that you may help us all begin to see it your way and/or see you as a bubble deny-er through and through.

Otherwise, I’ll just continue to think of you as another “born on third, thinks she hit a triple” type.

[lendingbubblecontinues]

@ esmith–

just wtf are you trying to say here? if you are throwing doubt on future enormous price drops, please state your situation, i.e. when you bought, where and what you bought (generally), and at what price, so that you may help us all begin to see it your way and/or see you as a bubble deny-er through and through.

Otherwise, I’ll just continue to think of you as another “born on third, thinks she hit a triple” type.

[Eugene]

just wtf are you trying to say here? if you are throwing doubt on future enormous price drops, please state your situation,

What I’m saying is simple. Back in 2000, a house like that cost $4000/month. If you’re waiting for 2k or 3k/month, you may be waiting forever. If you can comfortably afford to pay 4k/month and you’re sure that you won’t have to sell for 10 years, you might as well buy today.

It may go down from 670 to 470, if interest rates go up, but you will still be paying $4000 a month.

[Eugene]

just wtf are you trying to say here? if you are throwing doubt on future enormous price drops, please state your situation,

What I’m saying is simple. Back in 2000, a house like that cost $4000/month. If you’re waiting for 2k or 3k/month, you may be waiting forever. If you can comfortably afford to pay 4k/month and you’re sure that you won’t have to sell for 10 years, you might as well buy today.

It may go down from 670 to 470, if interest rates go up, but you will still be paying $4000 a month.

[Eugene]

just wtf are you trying to say here? if you are throwing doubt on future enormous price drops, please state your situation,

What I’m saying is simple. Back in 2000, a house like that cost $4000/month. If you’re waiting for 2k or 3k/month, you may be waiting forever. If you can comfortably afford to pay 4k/month and you’re sure that you won’t have to sell for 10 years, you might as well buy today.

It may go down from 670 to 470, if interest rates go up, but you will still be paying $4000 a month.

[Eugene]

just wtf are you trying to say here? if you are throwing doubt on future enormous price drops, please state your situation,

What I’m saying is simple. Back in 2000, a house like that cost $4000/month. If you’re waiting for 2k or 3k/month, you may be waiting forever. If you can comfortably afford to pay 4k/month and you’re sure that you won’t have to sell for 10 years, you might as well buy today.

It may go down from 670 to 470, if interest rates go up, but you will still be paying $4000 a month.

[Author]

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