- This topic has 335 replies, 21 voices, and was last updated 15 years, 10 months ago by
Nor-LA-SD-guy.
-
AuthorPosts
-
April 10, 2008 at 11:21 PM #184820April 10, 2008 at 11:23 PM #184769
hipmatt
ParticipantTG: I have remembered in recent posts that you have said things like “Temecula will be $100 per sqft or less”, and “anything that isn’t at least half price off is a rip off”. .. and I agree, but none of those properties really come close to either criteria.
You said… “If the rest of the market meets these in the “new 200’s” I’ll be itchy to call bottom.”
Would you really let reaching a “seemingly low price” determine the bottom? I would personally look at other factors such as the amount of inventory, # of credit worthy buyers, state of the economy (specifically local), and home prices to rents/incomes instead. I’ve seen homes quadruple in value over 10 years. Just because they have fallen nearly 50% doesn’t mean they can’t fall more.
April 10, 2008 at 11:23 PM #184785hipmatt
ParticipantTG: I have remembered in recent posts that you have said things like “Temecula will be $100 per sqft or less”, and “anything that isn’t at least half price off is a rip off”. .. and I agree, but none of those properties really come close to either criteria.
You said… “If the rest of the market meets these in the “new 200’s” I’ll be itchy to call bottom.”
Would you really let reaching a “seemingly low price” determine the bottom? I would personally look at other factors such as the amount of inventory, # of credit worthy buyers, state of the economy (specifically local), and home prices to rents/incomes instead. I’ve seen homes quadruple in value over 10 years. Just because they have fallen nearly 50% doesn’t mean they can’t fall more.
April 10, 2008 at 11:23 PM #184815hipmatt
ParticipantTG: I have remembered in recent posts that you have said things like “Temecula will be $100 per sqft or less”, and “anything that isn’t at least half price off is a rip off”. .. and I agree, but none of those properties really come close to either criteria.
You said… “If the rest of the market meets these in the “new 200’s” I’ll be itchy to call bottom.”
Would you really let reaching a “seemingly low price” determine the bottom? I would personally look at other factors such as the amount of inventory, # of credit worthy buyers, state of the economy (specifically local), and home prices to rents/incomes instead. I’ve seen homes quadruple in value over 10 years. Just because they have fallen nearly 50% doesn’t mean they can’t fall more.
April 10, 2008 at 11:23 PM #184822hipmatt
ParticipantTG: I have remembered in recent posts that you have said things like “Temecula will be $100 per sqft or less”, and “anything that isn’t at least half price off is a rip off”. .. and I agree, but none of those properties really come close to either criteria.
You said… “If the rest of the market meets these in the “new 200’s” I’ll be itchy to call bottom.”
Would you really let reaching a “seemingly low price” determine the bottom? I would personally look at other factors such as the amount of inventory, # of credit worthy buyers, state of the economy (specifically local), and home prices to rents/incomes instead. I’ve seen homes quadruple in value over 10 years. Just because they have fallen nearly 50% doesn’t mean they can’t fall more.
April 10, 2008 at 11:23 PM #184826hipmatt
ParticipantTG: I have remembered in recent posts that you have said things like “Temecula will be $100 per sqft or less”, and “anything that isn’t at least half price off is a rip off”. .. and I agree, but none of those properties really come close to either criteria.
You said… “If the rest of the market meets these in the “new 200’s” I’ll be itchy to call bottom.”
Would you really let reaching a “seemingly low price” determine the bottom? I would personally look at other factors such as the amount of inventory, # of credit worthy buyers, state of the economy (specifically local), and home prices to rents/incomes instead. I’ve seen homes quadruple in value over 10 years. Just because they have fallen nearly 50% doesn’t mean they can’t fall more.
April 10, 2008 at 11:25 PM #184774kewp
ParticipantYeah, I’m going to call shenanigans.
Check out realtytrac.com and view a map of 92592.
Only look at bank-owned properties and realize the banks are only *just* starting to capitulate.
When all is said an done, I don’t think there are going to be enough people to willing to live out there to buy a house at any price. The city is going to have to condemn them.
I’m beginning to wonder if there is even going to be a bottom at this point.
April 10, 2008 at 11:25 PM #184789kewp
ParticipantYeah, I’m going to call shenanigans.
Check out realtytrac.com and view a map of 92592.
Only look at bank-owned properties and realize the banks are only *just* starting to capitulate.
When all is said an done, I don’t think there are going to be enough people to willing to live out there to buy a house at any price. The city is going to have to condemn them.
I’m beginning to wonder if there is even going to be a bottom at this point.
April 10, 2008 at 11:25 PM #184821kewp
ParticipantYeah, I’m going to call shenanigans.
Check out realtytrac.com and view a map of 92592.
Only look at bank-owned properties and realize the banks are only *just* starting to capitulate.
When all is said an done, I don’t think there are going to be enough people to willing to live out there to buy a house at any price. The city is going to have to condemn them.
I’m beginning to wonder if there is even going to be a bottom at this point.
April 10, 2008 at 11:25 PM #184827kewp
ParticipantYeah, I’m going to call shenanigans.
Check out realtytrac.com and view a map of 92592.
Only look at bank-owned properties and realize the banks are only *just* starting to capitulate.
When all is said an done, I don’t think there are going to be enough people to willing to live out there to buy a house at any price. The city is going to have to condemn them.
I’m beginning to wonder if there is even going to be a bottom at this point.
April 10, 2008 at 11:25 PM #184830kewp
ParticipantYeah, I’m going to call shenanigans.
Check out realtytrac.com and view a map of 92592.
Only look at bank-owned properties and realize the banks are only *just* starting to capitulate.
When all is said an done, I don’t think there are going to be enough people to willing to live out there to buy a house at any price. The city is going to have to condemn them.
I’m beginning to wonder if there is even going to be a bottom at this point.
April 10, 2008 at 11:29 PM #184779Aecetia
ParticipantThe new century version of ghost towns after the boom went bust….
April 10, 2008 at 11:29 PM #184795Aecetia
ParticipantThe new century version of ghost towns after the boom went bust….
April 10, 2008 at 11:29 PM #184823Aecetia
ParticipantThe new century version of ghost towns after the boom went bust….
April 10, 2008 at 11:29 PM #184832Aecetia
ParticipantThe new century version of ghost towns after the boom went bust….
-
AuthorPosts
- You must be logged in to reply to this topic.