Days on market vs. price expectation

[Coronita]

Relatively stable job market in san diego + low rates + happy stock market => people in a partying mood and not in a hurry to sell, imho…

[spdrun]

Which is why we need a good old-fashioned recession in 2016. Good thing is, it will probably happen in the next 3-4 years if not earlier. Historically, the US has never gone much over 10 years between starts of recessions.

Tick.
Tock.
Tick.
Tock.

[Coronita]

[quote=spdrun]Which is why we need a good old-fashioned recession in 2016. Good thing is, it will probably happen in the next 3-4 years if not earlier. Historically, the US has never gone much over 10 years between starts of recessions.

Tick.
Tock.
Tick.
Tock.[/quote]

Somehow I don’t think you would fair as well as you think….

[spdrun]

We’ll see. It’s all a cycle.

[Coronita]

[quote=spdrun]We’ll see. It’s all a cycle.[/quote]

Well, I’m just thinking in perspective. I don’t see many people that are looking forward to a recession are oozing with a boatload of properties after the last great recession. And we probably won’t see another one of that magnitude for a long time… So….maybe this time it will be different…

[spdrun]

Agreed. I should have bought more and gone harder with stocks. But that’s a good lesson for the next “opportunity.”

This being said, if someone has rental properties in a good enough area that they will rent profitably regardless of conditions, why would they NOT want an opportunity to pick more up cheaply?

[Coronita]

[quote=spdrun]Agreed. I should have bought more and gone harder with stocks. But that’s a good lesson for the next “beautiful opportunity.”[/quote]

And like I said, this time it’s not really going to be different.

Because I bet when you’re in the middle of a turbulent storm, just like everyone else, your economic outlook is being challenged the exact same way AND you’ll have a sense of fear, and you’ll be one of the same exact people that despite prices already having fallen 40-50%, will think things will fall an additional 40-50%…. Because reality is, the only one that does really well in a downturn are rich people who don’t need to blink about their net worth even in a downturn.

[spdrun]

I never saw the 2008-9 recession as a storm, only as an opportunity, and I did take it to some extent. I was never afraid as much as detached, but my priorities were different then vs now.

[Coronita]

[quote=spdrun]I never saw the 2008-9 recession as a storm, only as an opportunity. I was never afraid as much as detached, but my priorities were different then vs now.[/quote]

Sure. ok.

[joec]

Is being a landlord really that bad in expensive family based areas? We’re not talking about the ghetto here and for places which rent for 4k/month+ to families who have to come down with the security deposit, have a decent paying job, etc etc etc…It doesn’t seem like you will need to be as afraid as people make it out to be.

Again, I only see what is around me…but as my parents used to have some more bad area properties when we were growing up in the bay area where you CAN get shot, family oriented places around here is a cake walk.

I would guess most of these newer ish homes in Carmel Valley should have no trouble renting to high single or dual income families who just wants to live/work, etc.

As bad as it is to be a landlord, I’m guessing the +1-2k/month cash flow makes it relatively easy to live with some pain/work (I’m only talking about people who bought long ago or nearer to the bottom).

And yes, I’m only talking about certain areas and not everyplace since I certainly have no interest in renting in East or South SD myself.

[spdrun]

It’s not that bad. But let the goats keep believing it’s bad. 🙂

[fun4vnay2]

Stock market n real estate is cyclical for sure
Now a days boom n bust cycles are shortened a lot

Social real estate would come down for sure ..
Patience would be rewarded.

[Coronita]

[quote=rockingtime]Stock market n real estate is cyclical for sure
Now a days boom n bust cycles are shortened a lot

Social real estate would come down for sure ..
Patience would be rewarded.[/quote]

Sure. Because all of you can time things perfectly. And know exactly when to sell and buy in both the stock and re markets. And do so in such a way without missing out in the run up in both the stock and re markets over the past few years. Gotcha

[spdrun]

No one knows exactly when, but traders jumping from windows is a pretty good indication 🙂

[fun4vnay2]

Or the people saying: Buy now or be priced out for ever 🙂

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