Derby Hill in CV???

[Arraya]

Being glued to sites like this will sure help you get it pretty close though;)

[SD Realtor]

Good devils advocate post Ray. I think that most realize trying to time the bottom is a pipe dream. However monitoring the market indicators and waiting until they improve is a way to at least siphon some of the downside risk away. Waiting until foreclosure rates level off, until sales volume stops declining, until things get a bit more stable in the credit markets, stuff like that is something that people can do without a lot of thought or analysis, just patience… Also whether you buy now or buy later, making sure you can afford what you buy, and going in with your eyes open so that you will not lose your home regardless of what the market does is the best plan.

I do agree with your forecast, very few will actually hit the bottom of the market. Personally if I can be within 20% of the bottom, on either side (going up or falling down) that would be acceptable. Not sure if I will be able to wait that long but I am trying.

SD Realtor

[SD Realtor]

Good devils advocate post Ray. I think that most realize trying to time the bottom is a pipe dream. However monitoring the market indicators and waiting until they improve is a way to at least siphon some of the downside risk away. Waiting until foreclosure rates level off, until sales volume stops declining, until things get a bit more stable in the credit markets, stuff like that is something that people can do without a lot of thought or analysis, just patience… Also whether you buy now or buy later, making sure you can afford what you buy, and going in with your eyes open so that you will not lose your home regardless of what the market does is the best plan.

I do agree with your forecast, very few will actually hit the bottom of the market. Personally if I can be within 20% of the bottom, on either side (going up or falling down) that would be acceptable. Not sure if I will be able to wait that long but I am trying.

SD Realtor

[SD Realtor]

Good devils advocate post Ray. I think that most realize trying to time the bottom is a pipe dream. However monitoring the market indicators and waiting until they improve is a way to at least siphon some of the downside risk away. Waiting until foreclosure rates level off, until sales volume stops declining, until things get a bit more stable in the credit markets, stuff like that is something that people can do without a lot of thought or analysis, just patience… Also whether you buy now or buy later, making sure you can afford what you buy, and going in with your eyes open so that you will not lose your home regardless of what the market does is the best plan.

I do agree with your forecast, very few will actually hit the bottom of the market. Personally if I can be within 20% of the bottom, on either side (going up or falling down) that would be acceptable. Not sure if I will be able to wait that long but I am trying.

SD Realtor

[Arty]

So if you are smart enough to wait it out while prices are going down what to say you are not going to be dumb enough to wait too long to jump back in.

First housing prices always take a long time to baseline and rise again. How do you know someone didn’t buy a house in 1999 after all the dust have been settled? Personally, yes, I did in Seattle (fully paid) :), but I rent here in SD at least for now.

[Arty]

So if you are smart enough to wait it out while prices are going down what to say you are not going to be dumb enough to wait too long to jump back in.

First housing prices always take a long time to baseline and rise again. How do you know someone didn’t buy a house in 1999 after all the dust have been settled? Personally, yes, I did in Seattle (fully paid) :), but I rent here in SD at least for now.

[Arty]

So if you are smart enough to wait it out while prices are going down what to say you are not going to be dumb enough to wait too long to jump back in.

First housing prices always take a long time to baseline and rise again. How do you know someone didn’t buy a house in 1999 after all the dust have been settled? Personally, yes, I did in Seattle (fully paid) :), but I rent here in SD at least for now.

[sdcellar]

Would you be able to us how many homes on arabian crest rd, foxhound way, mustang ridge dr, cherry hill ln, birch hill ln, heather ridge dr, have a “shoddy loan”?

As somebody already pointed out, I cannot. My point however, is that NODs and foreclosures are typically good indicators of problem loans (albeit a lagging indicator).

Now, for the streets you listed, I don’t seem to see any, but according to the county assessor, it looks like most of them closed within the last year or so. So clearly (at least to me), unless your neighbors really screwed themselves, it’s a little early to tell how well their various loan vehicles are working for them.

[sdcellar]

Would you be able to us how many homes on arabian crest rd, foxhound way, mustang ridge dr, cherry hill ln, birch hill ln, heather ridge dr, have a “shoddy loan”?

As somebody already pointed out, I cannot. My point however, is that NODs and foreclosures are typically good indicators of problem loans (albeit a lagging indicator).

Now, for the streets you listed, I don’t seem to see any, but according to the county assessor, it looks like most of them closed within the last year or so. So clearly (at least to me), unless your neighbors really screwed themselves, it’s a little early to tell how well their various loan vehicles are working for them.

[sdcellar]

Would you be able to us how many homes on arabian crest rd, foxhound way, mustang ridge dr, cherry hill ln, birch hill ln, heather ridge dr, have a “shoddy loan”?

As somebody already pointed out, I cannot. My point however, is that NODs and foreclosures are typically good indicators of problem loans (albeit a lagging indicator).

Now, for the streets you listed, I don’t seem to see any, but according to the county assessor, it looks like most of them closed within the last year or so. So clearly (at least to me), unless your neighbors really screwed themselves, it’s a little early to tell how well their various loan vehicles are working for them.

[sdcellar]

That’s the beauty of it Ray, no need to time the exact bottom. These things move slowly and I’d rather miss on the way up than on the way down. Let me ask you, where would you rather be early after the transition?

…and I’m saving money every day I rent. Good luck, Derby Hill suckas…

[sdcellar]

That’s the beauty of it Ray, no need to time the exact bottom. These things move slowly and I’d rather miss on the way up than on the way down. Let me ask you, where would you rather be early after the transition?

…and I’m saving money every day I rent. Good luck, Derby Hill suckas…

[sdcellar]

That’s the beauty of it Ray, no need to time the exact bottom. These things move slowly and I’d rather miss on the way up than on the way down. Let me ask you, where would you rather be early after the transition?

…and I’m saving money every day I rent. Good luck, Derby Hill suckas…

[sdcellar]

I didn’t mean shoddy…

Well you misspelled them both then. And might I suggest that “shoddy” actually demonstrates a more refined use of the language.

Are you sure you didn’t buy in Del Sur or something like that in the last year, Alex?

[sdcellar]

I didn’t mean shoddy…

Well you misspelled them both then. And might I suggest that “shoddy” actually demonstrates a more refined use of the language.

Are you sure you didn’t buy in Del Sur or something like that in the last year, Alex?

[Author]

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