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davelj.
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January 12, 2009 at 5:07 PM #328141January 12, 2009 at 11:00 PM #327789
temeculaguy
ParticipantLike 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 #328122temeculaguy
ParticipantLike 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 #328195temeculaguy
ParticipantLike 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 #328218temeculaguy
ParticipantLike 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 #328302temeculaguy
ParticipantLike 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 #327798an
ParticipantTotally 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 #328132an
ParticipantTotally 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 #328205an
ParticipantTotally 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 #328229an
ParticipantTotally 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 #328312an
ParticipantTotally 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 #327818sdrealtor
ParticipantI 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 #328152sdrealtor
ParticipantI 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 #328225sdrealtor
ParticipantI 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 #328248sdrealtor
ParticipantI 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.
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