Menu

Home › Forums › Housing › anyone even slightley bullish about RE market?

Viewing 15 posts - 76 through 90 (of 216 total)
1 2 3 … 5 6 7 … 13 14 15
  • Author
    Posts
  • January 12, 2009 at 5:07 PM #328141
    AK
    Participant

    [quote=leucadiarenter]
    AK – Curious what areas/homes you are talking about, you have any examples? Thanks…[/quote]

    The low end in Oceanside, Vista, and Escondido has been massacred to the point that the buy/rent equation balances out. Many Piggs aren’t looking in these areas, but plenty of other buyers are … sales stats are way up and I’m hearing reliable first-hand reports of bidding wars and shoulder-to-shoulder crowds at open houses.

    Chula Vista has taken a big plunge too, but I guess buyers are taking a long, hard look at the tax rates, M-R, and association fees in the newer developments.

    I think the chart posted at bubbleinfo.com says it all:

    http://www.bubbleinfo.com/2009/01/thanks-dwip/

    My guess is that the buy/rent equation will prop up the low end unless rents start dropping, or unemployment reaches stomach-churning levels.

    January 12, 2009 at 11:00 PM #327789
    temeculaguy
    Participant

    Like many posters have already pointed out, I’m bullish when the buy/rent ratio is lined up. Once the buy/rent decision is a wash in your micro market, who the hell cares. We are getting close to the point to where no person in their right mind would buy and that is exactly the time to do so. Fortunes will not be made by positioning yourself into an investment that looks good to everyone, they will be made when the fundamentals are correct and the rest of the sheeple are too afraid. The outlying areas, I’m bullish now, the intermediate areas like north county inland and downtown are getting close, and the north county coastal/ 52 and 56 corridor, maybe another year, maybe never, the economic news is all bad and those areas are still defying gravity, much to the dismay of half of this site.

    January 12, 2009 at 11:00 PM #328122
    temeculaguy
    Participant

    Like many posters have already pointed out, I’m bullish when the buy/rent ratio is lined up. Once the buy/rent decision is a wash in your micro market, who the hell cares. We are getting close to the point to where no person in their right mind would buy and that is exactly the time to do so. Fortunes will not be made by positioning yourself into an investment that looks good to everyone, they will be made when the fundamentals are correct and the rest of the sheeple are too afraid. The outlying areas, I’m bullish now, the intermediate areas like north county inland and downtown are getting close, and the north county coastal/ 52 and 56 corridor, maybe another year, maybe never, the economic news is all bad and those areas are still defying gravity, much to the dismay of half of this site.

    January 12, 2009 at 11:00 PM #328195
    temeculaguy
    Participant

    Like many posters have already pointed out, I’m bullish when the buy/rent ratio is lined up. Once the buy/rent decision is a wash in your micro market, who the hell cares. We are getting close to the point to where no person in their right mind would buy and that is exactly the time to do so. Fortunes will not be made by positioning yourself into an investment that looks good to everyone, they will be made when the fundamentals are correct and the rest of the sheeple are too afraid. The outlying areas, I’m bullish now, the intermediate areas like north county inland and downtown are getting close, and the north county coastal/ 52 and 56 corridor, maybe another year, maybe never, the economic news is all bad and those areas are still defying gravity, much to the dismay of half of this site.

    January 12, 2009 at 11:00 PM #328218
    temeculaguy
    Participant

    Like many posters have already pointed out, I’m bullish when the buy/rent ratio is lined up. Once the buy/rent decision is a wash in your micro market, who the hell cares. We are getting close to the point to where no person in their right mind would buy and that is exactly the time to do so. Fortunes will not be made by positioning yourself into an investment that looks good to everyone, they will be made when the fundamentals are correct and the rest of the sheeple are too afraid. The outlying areas, I’m bullish now, the intermediate areas like north county inland and downtown are getting close, and the north county coastal/ 52 and 56 corridor, maybe another year, maybe never, the economic news is all bad and those areas are still defying gravity, much to the dismay of half of this site.

    January 12, 2009 at 11:00 PM #328302
    temeculaguy
    Participant

    Like many posters have already pointed out, I’m bullish when the buy/rent ratio is lined up. Once the buy/rent decision is a wash in your micro market, who the hell cares. We are getting close to the point to where no person in their right mind would buy and that is exactly the time to do so. Fortunes will not be made by positioning yourself into an investment that looks good to everyone, they will be made when the fundamentals are correct and the rest of the sheeple are too afraid. The outlying areas, I’m bullish now, the intermediate areas like north county inland and downtown are getting close, and the north county coastal/ 52 and 56 corridor, maybe another year, maybe never, the economic news is all bad and those areas are still defying gravity, much to the dismay of half of this site.

    January 12, 2009 at 11:14 PM #327798
    an
    Participant

    Totally agree with TG. If your mortgage is < or = rent and you're buying a home, not an investment, then I'm bullish. If you plan to buy and rent it out and your PITI cost is <50% of rent, I'm bullish there too. The lower the mortgage vs rent, the more bullish I am. As SD Realtor have point out before, areas that have extremely low Sale/Supply ratio or Pending/Supply ratio are very bullish to me as well. When you have 2 months supply, I think that's pretty bullish signal.

    January 12, 2009 at 11:14 PM #328132
    an
    Participant

    Totally agree with TG. If your mortgage is < or = rent and you're buying a home, not an investment, then I'm bullish. If you plan to buy and rent it out and your PITI cost is <50% of rent, I'm bullish there too. The lower the mortgage vs rent, the more bullish I am. As SD Realtor have point out before, areas that have extremely low Sale/Supply ratio or Pending/Supply ratio are very bullish to me as well. When you have 2 months supply, I think that's pretty bullish signal.

    January 12, 2009 at 11:14 PM #328205
    an
    Participant

    Totally agree with TG. If your mortgage is < or = rent and you're buying a home, not an investment, then I'm bullish. If you plan to buy and rent it out and your PITI cost is <50% of rent, I'm bullish there too. The lower the mortgage vs rent, the more bullish I am. As SD Realtor have point out before, areas that have extremely low Sale/Supply ratio or Pending/Supply ratio are very bullish to me as well. When you have 2 months supply, I think that's pretty bullish signal.

    January 12, 2009 at 11:14 PM #328229
    an
    Participant

    Totally agree with TG. If your mortgage is < or = rent and you're buying a home, not an investment, then I'm bullish. If you plan to buy and rent it out and your PITI cost is <50% of rent, I'm bullish there too. The lower the mortgage vs rent, the more bullish I am. As SD Realtor have point out before, areas that have extremely low Sale/Supply ratio or Pending/Supply ratio are very bullish to me as well. When you have 2 months supply, I think that's pretty bullish signal.

    January 12, 2009 at 11:14 PM #328312
    an
    Participant

    Totally agree with TG. If your mortgage is < or = rent and you're buying a home, not an investment, then I'm bullish. If you plan to buy and rent it out and your PITI cost is <50% of rent, I'm bullish there too. The lower the mortgage vs rent, the more bullish I am. As SD Realtor have point out before, areas that have extremely low Sale/Supply ratio or Pending/Supply ratio are very bullish to me as well. When you have 2 months supply, I think that's pretty bullish signal.

    January 12, 2009 at 11:56 PM #327818
    sdrealtor
    Participant

    I am bullish on places like Oceanside, Vista, Mira Mesa, Escondido where prices have rapidly recalibrated and purchases today should look like they were sound decisions in 3 to 5 years. At the opposite end of the scale I am very bearish downtown where sellers and buyers are so far apart it is laughable.

    In my area, I am neutral if you can find a good deal on a fabulous property that meets your needs and you can well afford I say go for it. It is getting harder and harder to find a good one. Neighborhoods that had 100 sales per year between 2001 and 2007 have had 40 last year and will likely fall below 20 next year. In general, I think it will take 5 to 7 years for purchases in my market to look sound.

    January 12, 2009 at 11:56 PM #328152
    sdrealtor
    Participant

    I am bullish on places like Oceanside, Vista, Mira Mesa, Escondido where prices have rapidly recalibrated and purchases today should look like they were sound decisions in 3 to 5 years. At the opposite end of the scale I am very bearish downtown where sellers and buyers are so far apart it is laughable.

    In my area, I am neutral if you can find a good deal on a fabulous property that meets your needs and you can well afford I say go for it. It is getting harder and harder to find a good one. Neighborhoods that had 100 sales per year between 2001 and 2007 have had 40 last year and will likely fall below 20 next year. In general, I think it will take 5 to 7 years for purchases in my market to look sound.

    January 12, 2009 at 11:56 PM #328225
    sdrealtor
    Participant

    I am bullish on places like Oceanside, Vista, Mira Mesa, Escondido where prices have rapidly recalibrated and purchases today should look like they were sound decisions in 3 to 5 years. At the opposite end of the scale I am very bearish downtown where sellers and buyers are so far apart it is laughable.

    In my area, I am neutral if you can find a good deal on a fabulous property that meets your needs and you can well afford I say go for it. It is getting harder and harder to find a good one. Neighborhoods that had 100 sales per year between 2001 and 2007 have had 40 last year and will likely fall below 20 next year. In general, I think it will take 5 to 7 years for purchases in my market to look sound.

    January 12, 2009 at 11:56 PM #328248
    sdrealtor
    Participant

    I am bullish on places like Oceanside, Vista, Mira Mesa, Escondido where prices have rapidly recalibrated and purchases today should look like they were sound decisions in 3 to 5 years. At the opposite end of the scale I am very bearish downtown where sellers and buyers are so far apart it is laughable.

    In my area, I am neutral if you can find a good deal on a fabulous property that meets your needs and you can well afford I say go for it. It is getting harder and harder to find a good one. Neighborhoods that had 100 sales per year between 2001 and 2007 have had 40 last year and will likely fall below 20 next year. In general, I think it will take 5 to 7 years for purchases in my market to look sound.

  • Author
    Posts
Viewing 15 posts - 76 through 90 (of 216 total)
1 2 3 … 5 6 7 … 13 14 15
  • You must be logged in to reply to this topic.