4S Ranch REO–still too high

[PadreBrian]

[quote=SD Realtor]Hard to say how much below 200 ppsf we will see in 4S. I dont think we get below the 600s for this stock TG…The only exception would be interest rates that are way up there. [/quote]
Yeah, depends on what the economy does. If it starts doing better. prices will remain flattish. But if the economy takes another hit, 600 is about right for these.

[PadreBrian]

[quote=SD Realtor]Hard to say how much below 200 ppsf we will see in 4S. I dont think we get below the 600s for this stock TG…The only exception would be interest rates that are way up there. [/quote]
Yeah, depends on what the economy does. If it starts doing better. prices will remain flattish. But if the economy takes another hit, 600 is about right for these.

[PadreBrian]

[quote=SD Realtor]Hard to say how much below 200 ppsf we will see in 4S. I dont think we get below the 600s for this stock TG…The only exception would be interest rates that are way up there. [/quote]
Yeah, depends on what the economy does. If it starts doing better. prices will remain flattish. But if the economy takes another hit, 600 is about right for these.

[PadreBrian]

[quote=SD Realtor]Hard to say how much below 200 ppsf we will see in 4S. I dont think we get below the 600s for this stock TG…The only exception would be interest rates that are way up there. [/quote]
Yeah, depends on what the economy does. If it starts doing better. prices will remain flattish. But if the economy takes another hit, 600 is about right for these.

[PadreBrian]

[quote=SD Realtor]Hard to say how much below 200 ppsf we will see in 4S. I dont think we get below the 600s for this stock TG…The only exception would be interest rates that are way up there. [/quote]
Yeah, depends on what the economy does. If it starts doing better. prices will remain flattish. But if the economy takes another hit, 600 is about right for these.

[temeculaguy]

Sd, I think you are right in general terms, but there is always that one house with the crappiest lot in the worst shape that can pop lower than the norm. I’ll stick by my earlier observation, this is the top 10% of the stock, even in the midst of a meltdown it has a greater value, it’s not a median area or a median home, so to think it will hit the median price is foolish.

But you are in the trenches, not I, if one listed tomorrow in the 6’s, you know there would be thirty offers by sundown, inventory is so bad the shadow inventory isn’t even going to make it whole.
It’s this kind of stuff that makes me mildly bullish, we ran our formulas two years ago ingoring the msm and popular sentiment, why should we abandon that math now just because the msm and popular sentiment has changed.

[temeculaguy]

Sd, I think you are right in general terms, but there is always that one house with the crappiest lot in the worst shape that can pop lower than the norm. I’ll stick by my earlier observation, this is the top 10% of the stock, even in the midst of a meltdown it has a greater value, it’s not a median area or a median home, so to think it will hit the median price is foolish.

But you are in the trenches, not I, if one listed tomorrow in the 6’s, you know there would be thirty offers by sundown, inventory is so bad the shadow inventory isn’t even going to make it whole.
It’s this kind of stuff that makes me mildly bullish, we ran our formulas two years ago ingoring the msm and popular sentiment, why should we abandon that math now just because the msm and popular sentiment has changed.

[temeculaguy]

Sd, I think you are right in general terms, but there is always that one house with the crappiest lot in the worst shape that can pop lower than the norm. I’ll stick by my earlier observation, this is the top 10% of the stock, even in the midst of a meltdown it has a greater value, it’s not a median area or a median home, so to think it will hit the median price is foolish.

But you are in the trenches, not I, if one listed tomorrow in the 6’s, you know there would be thirty offers by sundown, inventory is so bad the shadow inventory isn’t even going to make it whole.
It’s this kind of stuff that makes me mildly bullish, we ran our formulas two years ago ingoring the msm and popular sentiment, why should we abandon that math now just because the msm and popular sentiment has changed.

[temeculaguy]

Sd, I think you are right in general terms, but there is always that one house with the crappiest lot in the worst shape that can pop lower than the norm. I’ll stick by my earlier observation, this is the top 10% of the stock, even in the midst of a meltdown it has a greater value, it’s not a median area or a median home, so to think it will hit the median price is foolish.

But you are in the trenches, not I, if one listed tomorrow in the 6’s, you know there would be thirty offers by sundown, inventory is so bad the shadow inventory isn’t even going to make it whole.
It’s this kind of stuff that makes me mildly bullish, we ran our formulas two years ago ingoring the msm and popular sentiment, why should we abandon that math now just because the msm and popular sentiment has changed.

[temeculaguy]

Sd, I think you are right in general terms, but there is always that one house with the crappiest lot in the worst shape that can pop lower than the norm. I’ll stick by my earlier observation, this is the top 10% of the stock, even in the midst of a meltdown it has a greater value, it’s not a median area or a median home, so to think it will hit the median price is foolish.

But you are in the trenches, not I, if one listed tomorrow in the 6’s, you know there would be thirty offers by sundown, inventory is so bad the shadow inventory isn’t even going to make it whole.
It’s this kind of stuff that makes me mildly bullish, we ran our formulas two years ago ingoring the msm and popular sentiment, why should we abandon that math now just because the msm and popular sentiment has changed.

[ocrenter]

[quote=KIBU]ocrenter, how could you remember something that was said 2 years ago??? Does your wife complain about this trait? [/quote]

trust me, that memory only serves me with numbers and housing. when it comes to arguments, I’ve lost every one of them since meeting my wife.

TG, yes, the olympic knife catching team was a classic. speaking of which, your reward for coming up with that phrase is the knowledge that they had to cough up $15k just for their property tax this year. yup, that’s $6000 per year on that mello roos, or $500/month. These days, that reduces your buying power by $95k.

So mid 600’s is really more reasonable for these homes, as after mello roos the true price would be low to mid 700’s.

[ocrenter]

[quote=KIBU]ocrenter, how could you remember something that was said 2 years ago??? Does your wife complain about this trait? [/quote]

trust me, that memory only serves me with numbers and housing. when it comes to arguments, I’ve lost every one of them since meeting my wife.

TG, yes, the olympic knife catching team was a classic. speaking of which, your reward for coming up with that phrase is the knowledge that they had to cough up $15k just for their property tax this year. yup, that’s $6000 per year on that mello roos, or $500/month. These days, that reduces your buying power by $95k.

So mid 600’s is really more reasonable for these homes, as after mello roos the true price would be low to mid 700’s.

[ocrenter]

[quote=KIBU]ocrenter, how could you remember something that was said 2 years ago??? Does your wife complain about this trait? [/quote]

trust me, that memory only serves me with numbers and housing. when it comes to arguments, I’ve lost every one of them since meeting my wife.

TG, yes, the olympic knife catching team was a classic. speaking of which, your reward for coming up with that phrase is the knowledge that they had to cough up $15k just for their property tax this year. yup, that’s $6000 per year on that mello roos, or $500/month. These days, that reduces your buying power by $95k.

So mid 600’s is really more reasonable for these homes, as after mello roos the true price would be low to mid 700’s.

[ocrenter]

[quote=KIBU]ocrenter, how could you remember something that was said 2 years ago??? Does your wife complain about this trait? [/quote]

trust me, that memory only serves me with numbers and housing. when it comes to arguments, I’ve lost every one of them since meeting my wife.

TG, yes, the olympic knife catching team was a classic. speaking of which, your reward for coming up with that phrase is the knowledge that they had to cough up $15k just for their property tax this year. yup, that’s $6000 per year on that mello roos, or $500/month. These days, that reduces your buying power by $95k.

So mid 600’s is really more reasonable for these homes, as after mello roos the true price would be low to mid 700’s.

[ocrenter]

[quote=KIBU]ocrenter, how could you remember something that was said 2 years ago??? Does your wife complain about this trait? [/quote]

trust me, that memory only serves me with numbers and housing. when it comes to arguments, I’ve lost every one of them since meeting my wife.

TG, yes, the olympic knife catching team was a classic. speaking of which, your reward for coming up with that phrase is the knowledge that they had to cough up $15k just for their property tax this year. yup, that’s $6000 per year on that mello roos, or $500/month. These days, that reduces your buying power by $95k.

So mid 600’s is really more reasonable for these homes, as after mello roos the true price would be low to mid 700’s.

[Author]

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