Activity Lately

[DWCAP]

You are over thinking affordability. A 1 million dollar house is affordable to some people. It is not affordable to most people. A 100k house is affordable to many many people, but not to all. The problem is those who traditionally would be buying the majority of housing stock in the SD area are still unable to within prudence. There is no magic number of affordability for everyone. But if we are relying on bubble money sitters and the super rich, we are gonna be hurting.
So everyone who can afford with prudence buys, then what? It is only when supply of houses to the market and demand from people who can qualify and afford the payment are inline that affordability is met. Currently we have increaseing must sell inventory and reduced/constrained demand due to people not able to qualify for todays prices. Therefore prices are unaffordable in general and will fall. How far it falls is the whole reason for us being here.

[jpinpb]

DWCAP – Well said.

[jpinpb]

DWCAP – Well said.

[jpinpb]

DWCAP – Well said.

[jpinpb]

DWCAP – Well said.

[jpinpb]

DWCAP – Well said.

[Reality]

“If you keep using affordability as a standard to buy, you may not be able to buy anything in the end.”

I’m not sure what other standard there is. If you can’t afford it you can’t buy it. Shouldn’t that mean you don’t “buy anything in the end” if you can never afford anything? What am I missing?

[Reality]

“If you keep using affordability as a standard to buy, you may not be able to buy anything in the end.”

I’m not sure what other standard there is. If you can’t afford it you can’t buy it. Shouldn’t that mean you don’t “buy anything in the end” if you can never afford anything? What am I missing?

[Reality]

“If you keep using affordability as a standard to buy, you may not be able to buy anything in the end.”

I’m not sure what other standard there is. If you can’t afford it you can’t buy it. Shouldn’t that mean you don’t “buy anything in the end” if you can never afford anything? What am I missing?

[Reality]

“If you keep using affordability as a standard to buy, you may not be able to buy anything in the end.”

I’m not sure what other standard there is. If you can’t afford it you can’t buy it. Shouldn’t that mean you don’t “buy anything in the end” if you can never afford anything? What am I missing?

[Reality]

“If you keep using affordability as a standard to buy, you may not be able to buy anything in the end.”

I’m not sure what other standard there is. If you can’t afford it you can’t buy it. Shouldn’t that mean you don’t “buy anything in the end” if you can never afford anything? What am I missing?

[CA renter]

FWIW, **ALL** of the homes in our area (So. CBD) have sold within the past few weeks. Some looked like cash deals because the escrows were so short.

We do see this pattern (spring bounce, of some sort) every year, but this year was indeed reminiscient of 2004/2005 with all the activity — though it did take longer to sell than in ’04/’05.

We even wanted to try a lowball in Escondido on an REO, but they had at least one full-price offer on it. (Too bad, because we really liked the house.)

Definitely a “hot” spring in the RE market from what I’ve seen. Everybody’s getting excited about the drops (including me!), but if you look at the historical prices of these homes, you’ll see they’re still too high…IMHO. 🙂

P.S.: I also enjoyed your longer post, SD R!

[CA renter]

FWIW, **ALL** of the homes in our area (So. CBD) have sold within the past few weeks. Some looked like cash deals because the escrows were so short.

We do see this pattern (spring bounce, of some sort) every year, but this year was indeed reminiscient of 2004/2005 with all the activity — though it did take longer to sell than in ’04/’05.

We even wanted to try a lowball in Escondido on an REO, but they had at least one full-price offer on it. (Too bad, because we really liked the house.)

Definitely a “hot” spring in the RE market from what I’ve seen. Everybody’s getting excited about the drops (including me!), but if you look at the historical prices of these homes, you’ll see they’re still too high…IMHO. 🙂

P.S.: I also enjoyed your longer post, SD R!

[CA renter]

FWIW, **ALL** of the homes in our area (So. CBD) have sold within the past few weeks. Some looked like cash deals because the escrows were so short.

We do see this pattern (spring bounce, of some sort) every year, but this year was indeed reminiscient of 2004/2005 with all the activity — though it did take longer to sell than in ’04/’05.

We even wanted to try a lowball in Escondido on an REO, but they had at least one full-price offer on it. (Too bad, because we really liked the house.)

Definitely a “hot” spring in the RE market from what I’ve seen. Everybody’s getting excited about the drops (including me!), but if you look at the historical prices of these homes, you’ll see they’re still too high…IMHO. 🙂

P.S.: I also enjoyed your longer post, SD R!

[CA renter]

FWIW, **ALL** of the homes in our area (So. CBD) have sold within the past few weeks. Some looked like cash deals because the escrows were so short.

We do see this pattern (spring bounce, of some sort) every year, but this year was indeed reminiscient of 2004/2005 with all the activity — though it did take longer to sell than in ’04/’05.

We even wanted to try a lowball in Escondido on an REO, but they had at least one full-price offer on it. (Too bad, because we really liked the house.)

Definitely a “hot” spring in the RE market from what I’ve seen. Everybody’s getting excited about the drops (including me!), but if you look at the historical prices of these homes, you’ll see they’re still too high…IMHO. 🙂

P.S.: I also enjoyed your longer post, SD R!

[Author]

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