Conforming limit to $700,000?

[sdrealtor]

FLU,
What I was referring to were all attached housing in North County with low or no HOA fees purchased with 20% down at 30 yr fixed rates. 2Br’s at 200k or lower. 3+BR’s at 300K and lower.perties in question.

[patientlywaiting]

ucodegen, good write up.

The sucker homeowners are the people who are barely making it now. They will re-fi and make their loans recourse. They’ll pay their ownership premiums for a few more years; they then default anyway when the recession is in full swing. They’ll have nothing to show for their resilience and would be better off walking right now. That goes to show that people who work hard don’t always make it.

The Fed’s job is to take care of it’s member banks which is what they are doing as we speak.

[patientlywaiting]

ucodegen, good write up.

The sucker homeowners are the people who are barely making it now. They will re-fi and make their loans recourse. They’ll pay their ownership premiums for a few more years; they then default anyway when the recession is in full swing. They’ll have nothing to show for their resilience and would be better off walking right now. That goes to show that people who work hard don’t always make it.

The Fed’s job is to take care of it’s member banks which is what they are doing as we speak.

[patientlywaiting]

ucodegen, good write up.

The sucker homeowners are the people who are barely making it now. They will re-fi and make their loans recourse. They’ll pay their ownership premiums for a few more years; they then default anyway when the recession is in full swing. They’ll have nothing to show for their resilience and would be better off walking right now. That goes to show that people who work hard don’t always make it.

The Fed’s job is to take care of it’s member banks which is what they are doing as we speak.

[patientlywaiting]

ucodegen, good write up.

The sucker homeowners are the people who are barely making it now. They will re-fi and make their loans recourse. They’ll pay their ownership premiums for a few more years; they then default anyway when the recession is in full swing. They’ll have nothing to show for their resilience and would be better off walking right now. That goes to show that people who work hard don’t always make it.

The Fed’s job is to take care of it’s member banks which is what they are doing as we speak.

[patientlywaiting]

ucodegen, good write up.

The sucker homeowners are the people who are barely making it now. They will re-fi and make their loans recourse. They’ll pay their ownership premiums for a few more years; they then default anyway when the recession is in full swing. They’ll have nothing to show for their resilience and would be better off walking right now. That goes to show that people who work hard don’t always make it.

The Fed’s job is to take care of it’s member banks which is what they are doing as we speak.

[SD Realtor]

uco you response is well written but flawed…

Would you consider ANYBODY buying in the market today a “savy” buyer? The facts just show that most buyers are indeed not savy.

How many buyers do you work with? How many buyers do you show properties to?

Once more, the arguments that you raise make sense. They make perfect sense.

So why do young families keep buying in 4S Ranch?

********

Look, Davelj made a post in this thread about appearances. This is all an appearance, a knee jerk reaction, a ploy to try to walk a tight rope and delay the inevitable. I know that, you know that, heck even many joe buyers know that. My post is not to convince people to buy or anything like that. My post is based on observations of buyers. I work with them every day, or night when I am not working on engineering…

Try to see what I am saying. Your argument is like a college professor giving a lecture. You use facts, you point out cause and expected affects. It all makes perfect sense.

However the world is not working like that. At least not yet. Hey I will be the first one to admit it if I have no business at all but that is not how it is working. Your premise doesn’t take into account intangible and emotional reasons people buy. Giving them some incentive cannot hurt those intangibles only help them. I cannot wrap my arms around it all and tell you why people buy in depreciating markets… I wish I could explain it better. Maybe sdr can.

What you said above should happen and I believe it WILL happen. When? Don’t know. If employment starts to fall apart then the whole thing will crash and burn pretty damn fast. I think that is a major component that is kind of rescuing everything right now.

Anyways again, no argument with your post, except that I am a heck of alot busier then I should be given the market conditions.

SD Realtor

[SD Realtor]

uco you response is well written but flawed…

Would you consider ANYBODY buying in the market today a “savy” buyer? The facts just show that most buyers are indeed not savy.

How many buyers do you work with? How many buyers do you show properties to?

Once more, the arguments that you raise make sense. They make perfect sense.

So why do young families keep buying in 4S Ranch?

********

Look, Davelj made a post in this thread about appearances. This is all an appearance, a knee jerk reaction, a ploy to try to walk a tight rope and delay the inevitable. I know that, you know that, heck even many joe buyers know that. My post is not to convince people to buy or anything like that. My post is based on observations of buyers. I work with them every day, or night when I am not working on engineering…

Try to see what I am saying. Your argument is like a college professor giving a lecture. You use facts, you point out cause and expected affects. It all makes perfect sense.

However the world is not working like that. At least not yet. Hey I will be the first one to admit it if I have no business at all but that is not how it is working. Your premise doesn’t take into account intangible and emotional reasons people buy. Giving them some incentive cannot hurt those intangibles only help them. I cannot wrap my arms around it all and tell you why people buy in depreciating markets… I wish I could explain it better. Maybe sdr can.

What you said above should happen and I believe it WILL happen. When? Don’t know. If employment starts to fall apart then the whole thing will crash and burn pretty damn fast. I think that is a major component that is kind of rescuing everything right now.

Anyways again, no argument with your post, except that I am a heck of alot busier then I should be given the market conditions.

SD Realtor

[SD Realtor]

uco you response is well written but flawed…

Would you consider ANYBODY buying in the market today a “savy” buyer? The facts just show that most buyers are indeed not savy.

How many buyers do you work with? How many buyers do you show properties to?

Once more, the arguments that you raise make sense. They make perfect sense.

So why do young families keep buying in 4S Ranch?

********

Look, Davelj made a post in this thread about appearances. This is all an appearance, a knee jerk reaction, a ploy to try to walk a tight rope and delay the inevitable. I know that, you know that, heck even many joe buyers know that. My post is not to convince people to buy or anything like that. My post is based on observations of buyers. I work with them every day, or night when I am not working on engineering…

Try to see what I am saying. Your argument is like a college professor giving a lecture. You use facts, you point out cause and expected affects. It all makes perfect sense.

However the world is not working like that. At least not yet. Hey I will be the first one to admit it if I have no business at all but that is not how it is working. Your premise doesn’t take into account intangible and emotional reasons people buy. Giving them some incentive cannot hurt those intangibles only help them. I cannot wrap my arms around it all and tell you why people buy in depreciating markets… I wish I could explain it better. Maybe sdr can.

What you said above should happen and I believe it WILL happen. When? Don’t know. If employment starts to fall apart then the whole thing will crash and burn pretty damn fast. I think that is a major component that is kind of rescuing everything right now.

Anyways again, no argument with your post, except that I am a heck of alot busier then I should be given the market conditions.

SD Realtor

[SD Realtor]

uco you response is well written but flawed…

Would you consider ANYBODY buying in the market today a “savy” buyer? The facts just show that most buyers are indeed not savy.

How many buyers do you work with? How many buyers do you show properties to?

Once more, the arguments that you raise make sense. They make perfect sense.

So why do young families keep buying in 4S Ranch?

********

Look, Davelj made a post in this thread about appearances. This is all an appearance, a knee jerk reaction, a ploy to try to walk a tight rope and delay the inevitable. I know that, you know that, heck even many joe buyers know that. My post is not to convince people to buy or anything like that. My post is based on observations of buyers. I work with them every day, or night when I am not working on engineering…

Try to see what I am saying. Your argument is like a college professor giving a lecture. You use facts, you point out cause and expected affects. It all makes perfect sense.

However the world is not working like that. At least not yet. Hey I will be the first one to admit it if I have no business at all but that is not how it is working. Your premise doesn’t take into account intangible and emotional reasons people buy. Giving them some incentive cannot hurt those intangibles only help them. I cannot wrap my arms around it all and tell you why people buy in depreciating markets… I wish I could explain it better. Maybe sdr can.

What you said above should happen and I believe it WILL happen. When? Don’t know. If employment starts to fall apart then the whole thing will crash and burn pretty damn fast. I think that is a major component that is kind of rescuing everything right now.

Anyways again, no argument with your post, except that I am a heck of alot busier then I should be given the market conditions.

SD Realtor

[SD Realtor]

uco you response is well written but flawed…

Would you consider ANYBODY buying in the market today a “savy” buyer? The facts just show that most buyers are indeed not savy.

How many buyers do you work with? How many buyers do you show properties to?

Once more, the arguments that you raise make sense. They make perfect sense.

So why do young families keep buying in 4S Ranch?

********

Look, Davelj made a post in this thread about appearances. This is all an appearance, a knee jerk reaction, a ploy to try to walk a tight rope and delay the inevitable. I know that, you know that, heck even many joe buyers know that. My post is not to convince people to buy or anything like that. My post is based on observations of buyers. I work with them every day, or night when I am not working on engineering…

Try to see what I am saying. Your argument is like a college professor giving a lecture. You use facts, you point out cause and expected affects. It all makes perfect sense.

However the world is not working like that. At least not yet. Hey I will be the first one to admit it if I have no business at all but that is not how it is working. Your premise doesn’t take into account intangible and emotional reasons people buy. Giving them some incentive cannot hurt those intangibles only help them. I cannot wrap my arms around it all and tell you why people buy in depreciating markets… I wish I could explain it better. Maybe sdr can.

What you said above should happen and I believe it WILL happen. When? Don’t know. If employment starts to fall apart then the whole thing will crash and burn pretty damn fast. I think that is a major component that is kind of rescuing everything right now.

Anyways again, no argument with your post, except that I am a heck of alot busier then I should be given the market conditions.

SD Realtor

[patientlywaiting]

SD Realtor, your market observation is correct. What ucodegen said also makes perfect sense.

Markets are based on the greater fool theory. Like Roubini said, people start dancing when the music begins to play. People have short memories (or no experience at all) and emotions will cause then to buy no matter what.

Investors who have long memories or who can learn from their own past mistakes and mistakes of others will thrive over the long term. The rest will experience boom and bust cycles.

[patientlywaiting]

SD Realtor, your market observation is correct. What ucodegen said also makes perfect sense.

Markets are based on the greater fool theory. Like Roubini said, people start dancing when the music begins to play. People have short memories (or no experience at all) and emotions will cause then to buy no matter what.

Investors who have long memories or who can learn from their own past mistakes and mistakes of others will thrive over the long term. The rest will experience boom and bust cycles.

[patientlywaiting]

SD Realtor, your market observation is correct. What ucodegen said also makes perfect sense.

Markets are based on the greater fool theory. Like Roubini said, people start dancing when the music begins to play. People have short memories (or no experience at all) and emotions will cause then to buy no matter what.

Investors who have long memories or who can learn from their own past mistakes and mistakes of others will thrive over the long term. The rest will experience boom and bust cycles.

[patientlywaiting]

SD Realtor, your market observation is correct. What ucodegen said also makes perfect sense.

Markets are based on the greater fool theory. Like Roubini said, people start dancing when the music begins to play. People have short memories (or no experience at all) and emotions will cause then to buy no matter what.

Investors who have long memories or who can learn from their own past mistakes and mistakes of others will thrive over the long term. The rest will experience boom and bust cycles.

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