Coldwell asks all it’s listings to drop price 10%

[SD Realtor]

I will have to ask my sister in law about this one. She works at Coldwell.

Any other realtors here care to validate this posting?

[cr]

I’m glad to see Realtors waking up to reality, at least those who denied there was a bubble, but 10% is not enough.

“People, obviously, that have lost their jobs are not going to be purchasing homes,” Gillespie said. “However, if you look back over the last two years, we’ve had 4 million jobs created in this country and 8 million babies were born, so there’s a lot of pent-up demand.”

I’m not positive, but pretty sure that job number is way off. I know they’re down this year, but if they are up since ’06 the more important question is where? Wal-Mart cashiers probably can’t afford the average house in CA.

And last time I checked babies weren’t buying any homes.

People confuse desire and demand. Wife and I had a child this year and would love to buy, but 10% off a net 140% (200%, -30%) runup in prices during a period of flat incomes is still over inflated.

I’ll come back when it’s 40%.

[cr]

I’m glad to see Realtors waking up to reality, at least those who denied there was a bubble, but 10% is not enough.

“People, obviously, that have lost their jobs are not going to be purchasing homes,” Gillespie said. “However, if you look back over the last two years, we’ve had 4 million jobs created in this country and 8 million babies were born, so there’s a lot of pent-up demand.”

I’m not positive, but pretty sure that job number is way off. I know they’re down this year, but if they are up since ’06 the more important question is where? Wal-Mart cashiers probably can’t afford the average house in CA.

And last time I checked babies weren’t buying any homes.

People confuse desire and demand. Wife and I had a child this year and would love to buy, but 10% off a net 140% (200%, -30%) runup in prices during a period of flat incomes is still over inflated.

I’ll come back when it’s 40%.

[cr]

I’m glad to see Realtors waking up to reality, at least those who denied there was a bubble, but 10% is not enough.

“People, obviously, that have lost their jobs are not going to be purchasing homes,” Gillespie said. “However, if you look back over the last two years, we’ve had 4 million jobs created in this country and 8 million babies were born, so there’s a lot of pent-up demand.”

I’m not positive, but pretty sure that job number is way off. I know they’re down this year, but if they are up since ’06 the more important question is where? Wal-Mart cashiers probably can’t afford the average house in CA.

And last time I checked babies weren’t buying any homes.

People confuse desire and demand. Wife and I had a child this year and would love to buy, but 10% off a net 140% (200%, -30%) runup in prices during a period of flat incomes is still over inflated.

I’ll come back when it’s 40%.

[cr]

I’m glad to see Realtors waking up to reality, at least those who denied there was a bubble, but 10% is not enough.

“People, obviously, that have lost their jobs are not going to be purchasing homes,” Gillespie said. “However, if you look back over the last two years, we’ve had 4 million jobs created in this country and 8 million babies were born, so there’s a lot of pent-up demand.”

I’m not positive, but pretty sure that job number is way off. I know they’re down this year, but if they are up since ’06 the more important question is where? Wal-Mart cashiers probably can’t afford the average house in CA.

And last time I checked babies weren’t buying any homes.

People confuse desire and demand. Wife and I had a child this year and would love to buy, but 10% off a net 140% (200%, -30%) runup in prices during a period of flat incomes is still over inflated.

I’ll come back when it’s 40%.

[cr]

I’m glad to see Realtors waking up to reality, at least those who denied there was a bubble, but 10% is not enough.

“People, obviously, that have lost their jobs are not going to be purchasing homes,” Gillespie said. “However, if you look back over the last two years, we’ve had 4 million jobs created in this country and 8 million babies were born, so there’s a lot of pent-up demand.”

I’m not positive, but pretty sure that job number is way off. I know they’re down this year, but if they are up since ’06 the more important question is where? Wal-Mart cashiers probably can’t afford the average house in CA.

And last time I checked babies weren’t buying any homes.

People confuse desire and demand. Wife and I had a child this year and would love to buy, but 10% off a net 140% (200%, -30%) runup in prices during a period of flat incomes is still over inflated.

I’ll come back when it’s 40%.

[Eugene]

[quote=cooprider]
People confuse desire and demand. Wife and I had a child this year and would love to buy, but 10% off a net 140% (200%, -30%) runup in prices during a period of flat incomes is still over inflated.

I’ll come back when it’s 40%.[/quote]

200% up and 30% down = 110% up (300% * 70%)
200% up, 30% down, 10% more down = 89% up (300% * 70% * 90%)

[Eugene]

[quote=cooprider]
People confuse desire and demand. Wife and I had a child this year and would love to buy, but 10% off a net 140% (200%, -30%) runup in prices during a period of flat incomes is still over inflated.

I’ll come back when it’s 40%.[/quote]

200% up and 30% down = 110% up (300% * 70%)
200% up, 30% down, 10% more down = 89% up (300% * 70% * 90%)

[Eugene]

[quote=cooprider]
People confuse desire and demand. Wife and I had a child this year and would love to buy, but 10% off a net 140% (200%, -30%) runup in prices during a period of flat incomes is still over inflated.

I’ll come back when it’s 40%.[/quote]

200% up and 30% down = 110% up (300% * 70%)
200% up, 30% down, 10% more down = 89% up (300% * 70% * 90%)

[Eugene]

[quote=cooprider]
People confuse desire and demand. Wife and I had a child this year and would love to buy, but 10% off a net 140% (200%, -30%) runup in prices during a period of flat incomes is still over inflated.

I’ll come back when it’s 40%.[/quote]

200% up and 30% down = 110% up (300% * 70%)
200% up, 30% down, 10% more down = 89% up (300% * 70% * 90%)

[Eugene]

[quote=cooprider]
People confuse desire and demand. Wife and I had a child this year and would love to buy, but 10% off a net 140% (200%, -30%) runup in prices during a period of flat incomes is still over inflated.

I’ll come back when it’s 40%.[/quote]

200% up and 30% down = 110% up (300% * 70%)
200% up, 30% down, 10% more down = 89% up (300% * 70% * 90%)

[donaldduckmoore]

Why don’t they ask non-critical sellers to stop unnecessary listing. That will reduce the pool size and just the the foreclosed houses listed.

[donaldduckmoore]

Why don’t they ask non-critical sellers to stop unnecessary listing. That will reduce the pool size and just the the foreclosed houses listed.

[donaldduckmoore]

Why don’t they ask non-critical sellers to stop unnecessary listing. That will reduce the pool size and just the the foreclosed houses listed.

[donaldduckmoore]

Why don’t they ask non-critical sellers to stop unnecessary listing. That will reduce the pool size and just the the foreclosed houses listed.

[Author]

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