Creating a sense of urgency. You better buy now!

[pepsi]

[quote=SD Realtor]He is selling his home. He wants to build another one after he sells. He has posted as such in another thread.

It doesn’t really matter though. The fundamental issue is that if there is going to be high inflation and dollars are worthless then getting tangible assets now for stronger dollars and/or significantly lower financing is something that should not be dismissed without thought.

[/quote]

Maybe you didn’t read all details in my post, because I did say his house dollar amount will be up if high inflation hit us. (mid term & macro economy)

But in the short term, with iraq war ending and cold war weapon orders drying up, we will see house price drop in San Diego. (short term local house price)

[paramount]

Mobility is highly valuable in this economy. Keep renting.

[paramount]

Mobility is highly valuable in this economy. Keep renting.

[paramount]

Mobility is highly valuable in this economy. Keep renting.

[paramount]

Mobility is highly valuable in this economy. Keep renting.

[paramount]

Mobility is highly valuable in this economy. Keep renting.

[AK]

I’m renting now. If I lose my job and can’t pay the rent, all of the resources of the civil court system will be brought to bear in order to get me thrown out on my ass and my possessions dumped on the sidewalk. I can expect no meaningful help from government other than directions to a homeless shelter in another jurisdiction.

If I become a homedebtor, then lose my job and can’t make my mortgage payment, I will officially become a victim. Then the federal and state governments will move heaven and earth in order to help me stay in “my” house.

If my hypothetical house does end up on the auction block, I can expect some kind of “cash for keys” deal on top of six to twelve months of rent-free living.

Sounds like a complete no-brainer to me!

[AK]

I’m renting now. If I lose my job and can’t pay the rent, all of the resources of the civil court system will be brought to bear in order to get me thrown out on my ass and my possessions dumped on the sidewalk. I can expect no meaningful help from government other than directions to a homeless shelter in another jurisdiction.

If I become a homedebtor, then lose my job and can’t make my mortgage payment, I will officially become a victim. Then the federal and state governments will move heaven and earth in order to help me stay in “my” house.

If my hypothetical house does end up on the auction block, I can expect some kind of “cash for keys” deal on top of six to twelve months of rent-free living.

Sounds like a complete no-brainer to me!

[AK]

I’m renting now. If I lose my job and can’t pay the rent, all of the resources of the civil court system will be brought to bear in order to get me thrown out on my ass and my possessions dumped on the sidewalk. I can expect no meaningful help from government other than directions to a homeless shelter in another jurisdiction.

If I become a homedebtor, then lose my job and can’t make my mortgage payment, I will officially become a victim. Then the federal and state governments will move heaven and earth in order to help me stay in “my” house.

If my hypothetical house does end up on the auction block, I can expect some kind of “cash for keys” deal on top of six to twelve months of rent-free living.

Sounds like a complete no-brainer to me!

[AK]

I’m renting now. If I lose my job and can’t pay the rent, all of the resources of the civil court system will be brought to bear in order to get me thrown out on my ass and my possessions dumped on the sidewalk. I can expect no meaningful help from government other than directions to a homeless shelter in another jurisdiction.

If I become a homedebtor, then lose my job and can’t make my mortgage payment, I will officially become a victim. Then the federal and state governments will move heaven and earth in order to help me stay in “my” house.

If my hypothetical house does end up on the auction block, I can expect some kind of “cash for keys” deal on top of six to twelve months of rent-free living.

Sounds like a complete no-brainer to me!

[AK]

I’m renting now. If I lose my job and can’t pay the rent, all of the resources of the civil court system will be brought to bear in order to get me thrown out on my ass and my possessions dumped on the sidewalk. I can expect no meaningful help from government other than directions to a homeless shelter in another jurisdiction.

If I become a homedebtor, then lose my job and can’t make my mortgage payment, I will officially become a victim. Then the federal and state governments will move heaven and earth in order to help me stay in “my” house.

If my hypothetical house does end up on the auction block, I can expect some kind of “cash for keys” deal on top of six to twelve months of rent-free living.

Sounds like a complete no-brainer to me!

[sdrealtor]

I think i can comment on this one.

SD R
You have no idea what advice was given to him and you are operating outside your area of expertise again. LCV as a market does well this time of year as corporate relo buyers roll into town. You could probably make a good buck chartering a bus from Lindburgh to LCV the 1st week in May each year. Its a secular cycle that is very reliable even in a market like this. Not to say it will create a boom market but a nice home, well prepped for the market and priced competitively has and should do well there this time of year.

The Serbal homes are lousy locations (very busy corner, short sale of home that has struggled to re-sell a few times over the last several years), a couple of much smaller single level homes (both very nice but in tough locations), a short sale of an ugly home that has been on the market over a year and a big 3Br home that is a tough sell. The 850K comp was for a smaller single level by 800 sq ft with a lousy north facing exposure. The nicer location of the single levels on Serbal has already ahd a couple offers at or above 850K. I know the seller. 50% of the market in LCV is short sales and some of the others are just plain tough sales no matter what kind of market we are in. There are LCV buyers that wont wait until a short sale is approved. The last home I listed there had over 800 emails get pushed out by Sandicor the first night it was listed. It is community that people watch closely in this area and aspire to.

He said there were no sales in the past 60 days, so obviously his agent showed him that. He also mentioned the 4 pendings in to 825K to 890K range so his agent showed him those too. I strongly suspect his agent explained the potential appraisal issue to him also. He’s got a good agent who I know is giving him good advice. I think you know him, check it out yourself.

[sdrealtor]

I think i can comment on this one.

SD R
You have no idea what advice was given to him and you are operating outside your area of expertise again. LCV as a market does well this time of year as corporate relo buyers roll into town. You could probably make a good buck chartering a bus from Lindburgh to LCV the 1st week in May each year. Its a secular cycle that is very reliable even in a market like this. Not to say it will create a boom market but a nice home, well prepped for the market and priced competitively has and should do well there this time of year.

The Serbal homes are lousy locations (very busy corner, short sale of home that has struggled to re-sell a few times over the last several years), a couple of much smaller single level homes (both very nice but in tough locations), a short sale of an ugly home that has been on the market over a year and a big 3Br home that is a tough sell. The 850K comp was for a smaller single level by 800 sq ft with a lousy north facing exposure. The nicer location of the single levels on Serbal has already ahd a couple offers at or above 850K. I know the seller. 50% of the market in LCV is short sales and some of the others are just plain tough sales no matter what kind of market we are in. There are LCV buyers that wont wait until a short sale is approved. The last home I listed there had over 800 emails get pushed out by Sandicor the first night it was listed. It is community that people watch closely in this area and aspire to.

He said there were no sales in the past 60 days, so obviously his agent showed him that. He also mentioned the 4 pendings in to 825K to 890K range so his agent showed him those too. I strongly suspect his agent explained the potential appraisal issue to him also. He’s got a good agent who I know is giving him good advice. I think you know him, check it out yourself.

[sdrealtor]

I think i can comment on this one.

SD R
You have no idea what advice was given to him and you are operating outside your area of expertise again. LCV as a market does well this time of year as corporate relo buyers roll into town. You could probably make a good buck chartering a bus from Lindburgh to LCV the 1st week in May each year. Its a secular cycle that is very reliable even in a market like this. Not to say it will create a boom market but a nice home, well prepped for the market and priced competitively has and should do well there this time of year.

The Serbal homes are lousy locations (very busy corner, short sale of home that has struggled to re-sell a few times over the last several years), a couple of much smaller single level homes (both very nice but in tough locations), a short sale of an ugly home that has been on the market over a year and a big 3Br home that is a tough sell. The 850K comp was for a smaller single level by 800 sq ft with a lousy north facing exposure. The nicer location of the single levels on Serbal has already ahd a couple offers at or above 850K. I know the seller. 50% of the market in LCV is short sales and some of the others are just plain tough sales no matter what kind of market we are in. There are LCV buyers that wont wait until a short sale is approved. The last home I listed there had over 800 emails get pushed out by Sandicor the first night it was listed. It is community that people watch closely in this area and aspire to.

He said there were no sales in the past 60 days, so obviously his agent showed him that. He also mentioned the 4 pendings in to 825K to 890K range so his agent showed him those too. I strongly suspect his agent explained the potential appraisal issue to him also. He’s got a good agent who I know is giving him good advice. I think you know him, check it out yourself.

[sdrealtor]

I think i can comment on this one.

SD R
You have no idea what advice was given to him and you are operating outside your area of expertise again. LCV as a market does well this time of year as corporate relo buyers roll into town. You could probably make a good buck chartering a bus from Lindburgh to LCV the 1st week in May each year. Its a secular cycle that is very reliable even in a market like this. Not to say it will create a boom market but a nice home, well prepped for the market and priced competitively has and should do well there this time of year.

The Serbal homes are lousy locations (very busy corner, short sale of home that has struggled to re-sell a few times over the last several years), a couple of much smaller single level homes (both very nice but in tough locations), a short sale of an ugly home that has been on the market over a year and a big 3Br home that is a tough sell. The 850K comp was for a smaller single level by 800 sq ft with a lousy north facing exposure. The nicer location of the single levels on Serbal has already ahd a couple offers at or above 850K. I know the seller. 50% of the market in LCV is short sales and some of the others are just plain tough sales no matter what kind of market we are in. There are LCV buyers that wont wait until a short sale is approved. The last home I listed there had over 800 emails get pushed out by Sandicor the first night it was listed. It is community that people watch closely in this area and aspire to.

He said there were no sales in the past 60 days, so obviously his agent showed him that. He also mentioned the 4 pendings in to 825K to 890K range so his agent showed him those too. I strongly suspect his agent explained the potential appraisal issue to him also. He’s got a good agent who I know is giving him good advice. I think you know him, check it out yourself.

[Author]

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