- This topic has 240 replies, 17 voices, and was last updated 13 years, 9 months ago by
desmond.
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May 23, 2011 at 3:17 PM #699146May 23, 2011 at 5:30 PM #697980
Anonymous
GuestI think sdr took out one too many home equity loans, is under water and therefore is very sensitive about the idea that prices in his hood could actually drop more.
May 23, 2011 at 5:30 PM #698071Anonymous
GuestI think sdr took out one too many home equity loans, is under water and therefore is very sensitive about the idea that prices in his hood could actually drop more.
May 23, 2011 at 5:30 PM #698666Anonymous
GuestI think sdr took out one too many home equity loans, is under water and therefore is very sensitive about the idea that prices in his hood could actually drop more.
May 23, 2011 at 5:30 PM #698812Anonymous
GuestI think sdr took out one too many home equity loans, is under water and therefore is very sensitive about the idea that prices in his hood could actually drop more.
May 23, 2011 at 5:30 PM #699166Anonymous
GuestI think sdr took out one too many home equity loans, is under water and therefore is very sensitive about the idea that prices in his hood could actually drop more.
May 23, 2011 at 5:56 PM #697990CA renter
Participant[quote=sdrealtor]I think the difference between our thinking is the size of the mispricing:)
update: the 2nd house which was roughly a 700K house now has multiple offers on it. The $20K difference on the asking price made all the difference.[/quote]
That “$20K difference” is what has made the difference all the way down in the markets that have dropped already. All you have to do is price your house lower than your competitors…all the way down (trust me, I know this because it’s exactly what we did when the credit market first wobbled in 2007). 😉
May 23, 2011 at 5:56 PM #698081CA renter
Participant[quote=sdrealtor]I think the difference between our thinking is the size of the mispricing:)
update: the 2nd house which was roughly a 700K house now has multiple offers on it. The $20K difference on the asking price made all the difference.[/quote]
That “$20K difference” is what has made the difference all the way down in the markets that have dropped already. All you have to do is price your house lower than your competitors…all the way down (trust me, I know this because it’s exactly what we did when the credit market first wobbled in 2007). 😉
May 23, 2011 at 5:56 PM #698676CA renter
Participant[quote=sdrealtor]I think the difference between our thinking is the size of the mispricing:)
update: the 2nd house which was roughly a 700K house now has multiple offers on it. The $20K difference on the asking price made all the difference.[/quote]
That “$20K difference” is what has made the difference all the way down in the markets that have dropped already. All you have to do is price your house lower than your competitors…all the way down (trust me, I know this because it’s exactly what we did when the credit market first wobbled in 2007). 😉
May 23, 2011 at 5:56 PM #698822CA renter
Participant[quote=sdrealtor]I think the difference between our thinking is the size of the mispricing:)
update: the 2nd house which was roughly a 700K house now has multiple offers on it. The $20K difference on the asking price made all the difference.[/quote]
That “$20K difference” is what has made the difference all the way down in the markets that have dropped already. All you have to do is price your house lower than your competitors…all the way down (trust me, I know this because it’s exactly what we did when the credit market first wobbled in 2007). 😉
May 23, 2011 at 5:56 PM #699176CA renter
Participant[quote=sdrealtor]I think the difference between our thinking is the size of the mispricing:)
update: the 2nd house which was roughly a 700K house now has multiple offers on it. The $20K difference on the asking price made all the difference.[/quote]
That “$20K difference” is what has made the difference all the way down in the markets that have dropped already. All you have to do is price your house lower than your competitors…all the way down (trust me, I know this because it’s exactly what we did when the credit market first wobbled in 2007). 😉
May 23, 2011 at 6:22 PM #698000sdrealtor
ParticipantFor the record, sdr has a 37% loan to value on his home as of his refi last month and a $1600 mortgage payment. He also has listings everywhere in SoCal from Pasadena on the Rose Bowl parade route to Chula Vista. He sees what is going on at the street level in a way you never will. My skin is made of titanium and your darts merely bounce off me.
May 23, 2011 at 6:22 PM #698091sdrealtor
ParticipantFor the record, sdr has a 37% loan to value on his home as of his refi last month and a $1600 mortgage payment. He also has listings everywhere in SoCal from Pasadena on the Rose Bowl parade route to Chula Vista. He sees what is going on at the street level in a way you never will. My skin is made of titanium and your darts merely bounce off me.
May 23, 2011 at 6:22 PM #698686sdrealtor
ParticipantFor the record, sdr has a 37% loan to value on his home as of his refi last month and a $1600 mortgage payment. He also has listings everywhere in SoCal from Pasadena on the Rose Bowl parade route to Chula Vista. He sees what is going on at the street level in a way you never will. My skin is made of titanium and your darts merely bounce off me.
May 23, 2011 at 6:22 PM #698832sdrealtor
ParticipantFor the record, sdr has a 37% loan to value on his home as of his refi last month and a $1600 mortgage payment. He also has listings everywhere in SoCal from Pasadena on the Rose Bowl parade route to Chula Vista. He sees what is going on at the street level in a way you never will. My skin is made of titanium and your darts merely bounce off me.
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