Home › Forums › Closed Forums › Buying and Selling RE › 4S Ranch REO–still too high
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jameswenn.
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November 16, 2007 at 11:23 AM #100177November 16, 2007 at 11:23 AM #100257
schizo2buyORnot
ParticipantLooks like some of the most prodigous posters here and their certitude of where prices are going are overly pessimistic.
Bsrsharma = wrong
bsrsharma on August 18, 2007 – 9:02am.
How low should it go$521,250 is the theoretical upper limit per my model. But, if I have to buy, I will offer $400K. It may take 12-24 months -mid/ end of recession time.
5yearwaiter = wrong
Submitted by 5yearwaiter on August 17, 2007 – 9:09pm.
The real worth for this kind of home when built was around 577K in the year of 2003. I will add 6% to this amount from that period which means it supposed to be worth of 737000.temeculaguy = wrong
Submitted by temeculaguy on August 17, 2007 – 10:32pm.
‘m guessing it’s gonna take a hit. I like what the others have said, 700k range,
Ex-SD = wrong (no surprise there)
Submitted by Ex-SD on August 18, 2007 – 10:35am.
Just keep waiting. Homes like this in this area will eventually sell for $375k – $420k. That’s all they’re really worth.Nancy_s soothsayer = wrong
Submitted by Nancy_s soothsayer on August 18, 2007 – 12:25pm.
Give or take $200,000 for the weather-and-surfing tax, the same San Diego house should only add up to $450,000 for comparison.
Arty = wrong
Submitted by Arty on August 18, 2007 – 5:15pm.
~500,000 give good 20% down and you don’t need a jumbo loan. However, it could go lower, come on, 4s is kind of far, 15 and 52…In search of a crystal ball . . . .
November 16, 2007 at 11:23 AM #100274ParticipantLooks like some of the most prodigous posters here and their certitude of where prices are going are overly pessimistic.
Bsrsharma = wrong
bsrsharma on August 18, 2007 – 9:02am.
How low should it go$521,250 is the theoretical upper limit per my model. But, if I have to buy, I will offer $400K. It may take 12-24 months -mid/ end of recession time.
5yearwaiter = wrong
Submitted by 5yearwaiter on August 17, 2007 – 9:09pm.
The real worth for this kind of home when built was around 577K in the year of 2003. I will add 6% to this amount from that period which means it supposed to be worth of 737000.temeculaguy = wrong
Submitted by temeculaguy on August 17, 2007 – 10:32pm.
‘m guessing it’s gonna take a hit. I like what the others have said, 700k range,
Ex-SD = wrong (no surprise there)
Submitted by Ex-SD on August 18, 2007 – 10:35am.
Just keep waiting. Homes like this in this area will eventually sell for $375k – $420k. That’s all they’re really worth.Nancy_s soothsayer = wrong
Submitted by Nancy_s soothsayer on August 18, 2007 – 12:25pm.
Give or take $200,000 for the weather-and-surfing tax, the same San Diego house should only add up to $450,000 for comparison.
Arty = wrong
Submitted by Arty on August 18, 2007 – 5:15pm.
~500,000 give good 20% down and you don’t need a jumbo loan. However, it could go lower, come on, 4s is kind of far, 15 and 52…In search of a crystal ball . . . .
November 16, 2007 at 11:23 AM #100287ParticipantLooks like some of the most prodigous posters here and their certitude of where prices are going are overly pessimistic.
Bsrsharma = wrong
bsrsharma on August 18, 2007 – 9:02am.
How low should it go$521,250 is the theoretical upper limit per my model. But, if I have to buy, I will offer $400K. It may take 12-24 months -mid/ end of recession time.
5yearwaiter = wrong
Submitted by 5yearwaiter on August 17, 2007 – 9:09pm.
The real worth for this kind of home when built was around 577K in the year of 2003. I will add 6% to this amount from that period which means it supposed to be worth of 737000.temeculaguy = wrong
Submitted by temeculaguy on August 17, 2007 – 10:32pm.
‘m guessing it’s gonna take a hit. I like what the others have said, 700k range,
Ex-SD = wrong (no surprise there)
Submitted by Ex-SD on August 18, 2007 – 10:35am.
Just keep waiting. Homes like this in this area will eventually sell for $375k – $420k. That’s all they’re really worth.Nancy_s soothsayer = wrong
Submitted by Nancy_s soothsayer on August 18, 2007 – 12:25pm.
Give or take $200,000 for the weather-and-surfing tax, the same San Diego house should only add up to $450,000 for comparison.
Arty = wrong
Submitted by Arty on August 18, 2007 – 5:15pm.
~500,000 give good 20% down and you don’t need a jumbo loan. However, it could go lower, come on, 4s is kind of far, 15 and 52…In search of a crystal ball . . . .
November 16, 2007 at 11:23 AM #100289ParticipantLooks like some of the most prodigous posters here and their certitude of where prices are going are overly pessimistic.
Bsrsharma = wrong
bsrsharma on August 18, 2007 – 9:02am.
How low should it go$521,250 is the theoretical upper limit per my model. But, if I have to buy, I will offer $400K. It may take 12-24 months -mid/ end of recession time.
5yearwaiter = wrong
Submitted by 5yearwaiter on August 17, 2007 – 9:09pm.
The real worth for this kind of home when built was around 577K in the year of 2003. I will add 6% to this amount from that period which means it supposed to be worth of 737000.temeculaguy = wrong
Submitted by temeculaguy on August 17, 2007 – 10:32pm.
‘m guessing it’s gonna take a hit. I like what the others have said, 700k range,
Ex-SD = wrong (no surprise there)
Submitted by Ex-SD on August 18, 2007 – 10:35am.
Just keep waiting. Homes like this in this area will eventually sell for $375k – $420k. That’s all they’re really worth.Nancy_s soothsayer = wrong
Submitted by Nancy_s soothsayer on August 18, 2007 – 12:25pm.
Give or take $200,000 for the weather-and-surfing tax, the same San Diego house should only add up to $450,000 for comparison.
Arty = wrong
Submitted by Arty on August 18, 2007 – 5:15pm.
~500,000 give good 20% down and you don’t need a jumbo loan. However, it could go lower, come on, 4s is kind of far, 15 and 52…In search of a crystal ball . . . .
November 16, 2007 at 11:41 AM #100187Navydoc
ParticipantI’m not so sure you should jump up and say all these people were/are wrong because some greater fool bought a depreciating asset. Still think the property is worth $870,000 today? I’m not so sure. If you’ll note, most of the responses you referenced state the decline may take YEARS, not days or weeks. I have a cousin that lives in this neighborhood, and I’d give you mid 700’s low 800’s for their place right now, but I don’t htink a future value of low 700’s is out of the qestion.
November 16, 2007 at 11:41 AM #100267ParticipantI’m not so sure you should jump up and say all these people were/are wrong because some greater fool bought a depreciating asset. Still think the property is worth $870,000 today? I’m not so sure. If you’ll note, most of the responses you referenced state the decline may take YEARS, not days or weeks. I have a cousin that lives in this neighborhood, and I’d give you mid 700’s low 800’s for their place right now, but I don’t htink a future value of low 700’s is out of the qestion.
November 16, 2007 at 11:41 AM #100283ParticipantI’m not so sure you should jump up and say all these people were/are wrong because some greater fool bought a depreciating asset. Still think the property is worth $870,000 today? I’m not so sure. If you’ll note, most of the responses you referenced state the decline may take YEARS, not days or weeks. I have a cousin that lives in this neighborhood, and I’d give you mid 700’s low 800’s for their place right now, but I don’t htink a future value of low 700’s is out of the qestion.
November 16, 2007 at 11:41 AM #100297ParticipantI’m not so sure you should jump up and say all these people were/are wrong because some greater fool bought a depreciating asset. Still think the property is worth $870,000 today? I’m not so sure. If you’ll note, most of the responses you referenced state the decline may take YEARS, not days or weeks. I have a cousin that lives in this neighborhood, and I’d give you mid 700’s low 800’s for their place right now, but I don’t htink a future value of low 700’s is out of the qestion.
November 16, 2007 at 11:41 AM #100299ParticipantI’m not so sure you should jump up and say all these people were/are wrong because some greater fool bought a depreciating asset. Still think the property is worth $870,000 today? I’m not so sure. If you’ll note, most of the responses you referenced state the decline may take YEARS, not days or weeks. I have a cousin that lives in this neighborhood, and I’d give you mid 700’s low 800’s for their place right now, but I don’t htink a future value of low 700’s is out of the qestion.
November 16, 2007 at 12:05 PM #100197flyer
ParticipantThe largest plan in Silhouette at 4S is selling, new, for about $218/SF. From what we’ve heard from friends in the area, builders aren’t having much of problem selling the homes. Homes are closing in the $700’s, $800’s and $900’s+ everyday in 4S.
Most on this forum would call these people “greater fools,” but there is something to be said for living the life you want to live–when and where you want to live it–rather than putting your life on hold.
We happen to have just inherited a home in San Diego near that area, but if we were still looking, these prices might be tempting.
November 16, 2007 at 12:05 PM #100275ParticipantThe largest plan in Silhouette at 4S is selling, new, for about $218/SF. From what we’ve heard from friends in the area, builders aren’t having much of problem selling the homes. Homes are closing in the $700’s, $800’s and $900’s+ everyday in 4S.
Most on this forum would call these people “greater fools,” but there is something to be said for living the life you want to live–when and where you want to live it–rather than putting your life on hold.
We happen to have just inherited a home in San Diego near that area, but if we were still looking, these prices might be tempting.
November 16, 2007 at 12:05 PM #100293ParticipantThe largest plan in Silhouette at 4S is selling, new, for about $218/SF. From what we’ve heard from friends in the area, builders aren’t having much of problem selling the homes. Homes are closing in the $700’s, $800’s and $900’s+ everyday in 4S.
Most on this forum would call these people “greater fools,” but there is something to be said for living the life you want to live–when and where you want to live it–rather than putting your life on hold.
We happen to have just inherited a home in San Diego near that area, but if we were still looking, these prices might be tempting.
November 16, 2007 at 12:05 PM #100307ParticipantThe largest plan in Silhouette at 4S is selling, new, for about $218/SF. From what we’ve heard from friends in the area, builders aren’t having much of problem selling the homes. Homes are closing in the $700’s, $800’s and $900’s+ everyday in 4S.
Most on this forum would call these people “greater fools,” but there is something to be said for living the life you want to live–when and where you want to live it–rather than putting your life on hold.
We happen to have just inherited a home in San Diego near that area, but if we were still looking, these prices might be tempting.
November 16, 2007 at 12:05 PM #100309ParticipantThe largest plan in Silhouette at 4S is selling, new, for about $218/SF. From what we’ve heard from friends in the area, builders aren’t having much of problem selling the homes. Homes are closing in the $700’s, $800’s and $900’s+ everyday in 4S.
Most on this forum would call these people “greater fools,” but there is something to be said for living the life you want to live–when and where you want to live it–rather than putting your life on hold.
We happen to have just inherited a home in San Diego near that area, but if we were still looking, these prices might be tempting.
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