Case saying bottom?

[jpinpb]

From a post on SDLookup:

“Bottom fishermen, like Bass, are more than just opportunistic investors. They’re an important indicator in the real estate market, says Karl Case. He’s a professor of economics at Wellesley College. He’s also the co-creator of the Case-Shiller Index, a key measure of the residential housing market.

KARL CASE: When you start to see bottom fishermen, when you start to see people buying up property on spec, it’s the first sign that opinion is changing. They’re the first to form the view that hey, there’s going to be some bargains.

Experts say the number of bottom fishermen looking for those bargains is rising”

So tell me somehow this was taken out of context. Is he calling bottom? If so, bottom in Detroit maybe, not here in So Cal. WTH. That’s scary if he’s saying it’s bottom.

[an]

The way I see it, he’s saying that as more and more bottom fisherman comes in, we’ll see a slow down in decline. It doesn’t mean that we’re at a bottom, but it would be near. Also, you can just paint San Diego in a single stroke. Places like Mira Mesa is drastically different than Carmel Valley when buying as investment or if you use rent as your benchmark for reasonable pricing. Also, you cannot count out soft landing offset by increase in inflation. Only time will tell how this will play out. We all are just trying to read the tea leaves and bottom fisher, sale volume, and inventory are just some of the indicator.

[an]

The way I see it, he’s saying that as more and more bottom fisherman comes in, we’ll see a slow down in decline. It doesn’t mean that we’re at a bottom, but it would be near. Also, you can just paint San Diego in a single stroke. Places like Mira Mesa is drastically different than Carmel Valley when buying as investment or if you use rent as your benchmark for reasonable pricing. Also, you cannot count out soft landing offset by increase in inflation. Only time will tell how this will play out. We all are just trying to read the tea leaves and bottom fisher, sale volume, and inventory are just some of the indicator.

[an]

The way I see it, he’s saying that as more and more bottom fisherman comes in, we’ll see a slow down in decline. It doesn’t mean that we’re at a bottom, but it would be near. Also, you can just paint San Diego in a single stroke. Places like Mira Mesa is drastically different than Carmel Valley when buying as investment or if you use rent as your benchmark for reasonable pricing. Also, you cannot count out soft landing offset by increase in inflation. Only time will tell how this will play out. We all are just trying to read the tea leaves and bottom fisher, sale volume, and inventory are just some of the indicator.

[an]

The way I see it, he’s saying that as more and more bottom fisherman comes in, we’ll see a slow down in decline. It doesn’t mean that we’re at a bottom, but it would be near. Also, you can just paint San Diego in a single stroke. Places like Mira Mesa is drastically different than Carmel Valley when buying as investment or if you use rent as your benchmark for reasonable pricing. Also, you cannot count out soft landing offset by increase in inflation. Only time will tell how this will play out. We all are just trying to read the tea leaves and bottom fisher, sale volume, and inventory are just some of the indicator.

[an]

The way I see it, he’s saying that as more and more bottom fisherman comes in, we’ll see a slow down in decline. It doesn’t mean that we’re at a bottom, but it would be near. Also, you can just paint San Diego in a single stroke. Places like Mira Mesa is drastically different than Carmel Valley when buying as investment or if you use rent as your benchmark for reasonable pricing. Also, you cannot count out soft landing offset by increase in inflation. Only time will tell how this will play out. We all are just trying to read the tea leaves and bottom fisher, sale volume, and inventory are just some of the indicator.

[NotCranky]

It doesn’t mean we are at a bottom. It means there are “bottom” like opportunities out there for certain types of buyers.Usually buyers who actually have some talent at speculating, who bring a lot of cash and/or a tool belt and/or are willing to buy in less desirable areas and are not job stability concious in their aquisitions. These opportunites increasingly are including parts of this region for those with bottom feeder propensities, who don’t believe in any near future end of the world scenarios.

Bottom feeders get going while other bubble concious, future buyers are still waiting for something which meets higher expectations to also meet their pricing and other concerns like job stability and zero tolerance for depreciation risks.

As I understand it, the dynamic duo of Case and Shiller have never believed we were going to have a depression so it makes sense that they would observe this activity, recognize it for what it is, and have something to say about it.

There is also another group that is buying. They are just glad that much of the downside risk is gone. They are not bottom timers and they know it.

I don’t think anyone is saying that we are at, or chronologically speaking, even near an official bottom.

[NotCranky]

It doesn’t mean we are at a bottom. It means there are “bottom” like opportunities out there for certain types of buyers.Usually buyers who actually have some talent at speculating, who bring a lot of cash and/or a tool belt and/or are willing to buy in less desirable areas and are not job stability concious in their aquisitions. These opportunites increasingly are including parts of this region for those with bottom feeder propensities, who don’t believe in any near future end of the world scenarios.

Bottom feeders get going while other bubble concious, future buyers are still waiting for something which meets higher expectations to also meet their pricing and other concerns like job stability and zero tolerance for depreciation risks.

As I understand it, the dynamic duo of Case and Shiller have never believed we were going to have a depression so it makes sense that they would observe this activity, recognize it for what it is, and have something to say about it.

There is also another group that is buying. They are just glad that much of the downside risk is gone. They are not bottom timers and they know it.

I don’t think anyone is saying that we are at, or chronologically speaking, even near an official bottom.

[NotCranky]

It doesn’t mean we are at a bottom. It means there are “bottom” like opportunities out there for certain types of buyers.Usually buyers who actually have some talent at speculating, who bring a lot of cash and/or a tool belt and/or are willing to buy in less desirable areas and are not job stability concious in their aquisitions. These opportunites increasingly are including parts of this region for those with bottom feeder propensities, who don’t believe in any near future end of the world scenarios.

Bottom feeders get going while other bubble concious, future buyers are still waiting for something which meets higher expectations to also meet their pricing and other concerns like job stability and zero tolerance for depreciation risks.

As I understand it, the dynamic duo of Case and Shiller have never believed we were going to have a depression so it makes sense that they would observe this activity, recognize it for what it is, and have something to say about it.

There is also another group that is buying. They are just glad that much of the downside risk is gone. They are not bottom timers and they know it.

I don’t think anyone is saying that we are at, or chronologically speaking, even near an official bottom.

[NotCranky]

It doesn’t mean we are at a bottom. It means there are “bottom” like opportunities out there for certain types of buyers.Usually buyers who actually have some talent at speculating, who bring a lot of cash and/or a tool belt and/or are willing to buy in less desirable areas and are not job stability concious in their aquisitions. These opportunites increasingly are including parts of this region for those with bottom feeder propensities, who don’t believe in any near future end of the world scenarios.

Bottom feeders get going while other bubble concious, future buyers are still waiting for something which meets higher expectations to also meet their pricing and other concerns like job stability and zero tolerance for depreciation risks.

As I understand it, the dynamic duo of Case and Shiller have never believed we were going to have a depression so it makes sense that they would observe this activity, recognize it for what it is, and have something to say about it.

There is also another group that is buying. They are just glad that much of the downside risk is gone. They are not bottom timers and they know it.

I don’t think anyone is saying that we are at, or chronologically speaking, even near an official bottom.

[NotCranky]

It doesn’t mean we are at a bottom. It means there are “bottom” like opportunities out there for certain types of buyers.Usually buyers who actually have some talent at speculating, who bring a lot of cash and/or a tool belt and/or are willing to buy in less desirable areas and are not job stability concious in their aquisitions. These opportunites increasingly are including parts of this region for those with bottom feeder propensities, who don’t believe in any near future end of the world scenarios.

Bottom feeders get going while other bubble concious, future buyers are still waiting for something which meets higher expectations to also meet their pricing and other concerns like job stability and zero tolerance for depreciation risks.

As I understand it, the dynamic duo of Case and Shiller have never believed we were going to have a depression so it makes sense that they would observe this activity, recognize it for what it is, and have something to say about it.

There is also another group that is buying. They are just glad that much of the downside risk is gone. They are not bottom timers and they know it.

I don’t think anyone is saying that we are at, or chronologically speaking, even near an official bottom.

[(former)FormerSanDiegan]

I think Rustico nailed it. This market makes sense for two types of buyers. The first are investors working deals, buying low-end properties from banks or distressed sellers. The other are folks who have concluded that after a 25% slide, they have evaded the bulk of the down-side risk and are sick of renting or hearing their significant other complain about renting.

[(former)FormerSanDiegan]

I think Rustico nailed it. This market makes sense for two types of buyers. The first are investors working deals, buying low-end properties from banks or distressed sellers. The other are folks who have concluded that after a 25% slide, they have evaded the bulk of the down-side risk and are sick of renting or hearing their significant other complain about renting.

[(former)FormerSanDiegan]

I think Rustico nailed it. This market makes sense for two types of buyers. The first are investors working deals, buying low-end properties from banks or distressed sellers. The other are folks who have concluded that after a 25% slide, they have evaded the bulk of the down-side risk and are sick of renting or hearing their significant other complain about renting.

[(former)FormerSanDiegan]

I think Rustico nailed it. This market makes sense for two types of buyers. The first are investors working deals, buying low-end properties from banks or distressed sellers. The other are folks who have concluded that after a 25% slide, they have evaded the bulk of the down-side risk and are sick of renting or hearing their significant other complain about renting.

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