Fed empties the Armory, expends all ammo, housing has bottomed. SD RE will cost more in August of 09 than it does now.

[sdduuuude]

OK Mark – you’re on. Overall Median. Resale or resale and new ?

[Mark Holmes]

However they figured the statistics in my linked SignOnSanDiego article – I think both. You’re on. But I’m betting you are hoping I win.

[Mark Holmes]

However they figured the statistics in my linked SignOnSanDiego article – I think both. You’re on. But I’m betting you are hoping I win.

[Mark Holmes]

However they figured the statistics in my linked SignOnSanDiego article – I think both. You’re on. But I’m betting you are hoping I win.

[Mark Holmes]

However they figured the statistics in my linked SignOnSanDiego article – I think both. You’re on. But I’m betting you are hoping I win.

[Mark Holmes]

However they figured the statistics in my linked SignOnSanDiego article – I think both. You’re on. But I’m betting you are hoping I win.

[danthedart]

Net operating income on rentals nationwide usually come in at 55% of gross.

55% of $2000 is only $1100.

Considering higher interest rates on investment properties and higher downpayment requirements, it might not be such a great investment.

[danthedart]

Net operating income on rentals nationwide usually come in at 55% of gross.

55% of $2000 is only $1100.

Considering higher interest rates on investment properties and higher downpayment requirements, it might not be such a great investment.

[danthedart]

Net operating income on rentals nationwide usually come in at 55% of gross.

55% of $2000 is only $1100.

Considering higher interest rates on investment properties and higher downpayment requirements, it might not be such a great investment.

[danthedart]

Net operating income on rentals nationwide usually come in at 55% of gross.

55% of $2000 is only $1100.

Considering higher interest rates on investment properties and higher downpayment requirements, it might not be such a great investment.

[danthedart]

Net operating income on rentals nationwide usually come in at 55% of gross.

55% of $2000 is only $1100.

Considering higher interest rates on investment properties and higher downpayment requirements, it might not be such a great investment.

[sdduuuude]

Naw. Not really. I have a house and hope to buy a different one in about 5 years. The median has gotten killed. Another 25% would really be bad news. I’m more concerned w/ staying employed than housing prices at this point.

Plus, I’m relying on a statistical anomaly to win. I think price reductions at the low end are just about done, and suspect the future damage will be done in properties above the median which will have little affect on the median at all.

Note how in the early days of the crash, the low end was getting killed. In fact, it bumped up as low-end sales reduced. We all saw it, but the median barely moved. Then, as it hit middle ground, the median collapsed. As it moves past the median, I suspect the movement of the median will slow dramatically even as some neighborhoods get creamed. Sales reductions on the high end, though, will push it down a bit.

Not sure I’d take the “under 25%” position if it were Case-Schiller. Maybe I would. Yeah. I think I would.

So the magic number is 228,750.

Can anyone clarify what median measure was $305K in Nov ? Was it all sales or resales ?

[sdduuuude]

Naw. Not really. I have a house and hope to buy a different one in about 5 years. The median has gotten killed. Another 25% would really be bad news. I’m more concerned w/ staying employed than housing prices at this point.

Plus, I’m relying on a statistical anomaly to win. I think price reductions at the low end are just about done, and suspect the future damage will be done in properties above the median which will have little affect on the median at all.

Note how in the early days of the crash, the low end was getting killed. In fact, it bumped up as low-end sales reduced. We all saw it, but the median barely moved. Then, as it hit middle ground, the median collapsed. As it moves past the median, I suspect the movement of the median will slow dramatically even as some neighborhoods get creamed. Sales reductions on the high end, though, will push it down a bit.

Not sure I’d take the “under 25%” position if it were Case-Schiller. Maybe I would. Yeah. I think I would.

So the magic number is 228,750.

Can anyone clarify what median measure was $305K in Nov ? Was it all sales or resales ?

[sdduuuude]

Naw. Not really. I have a house and hope to buy a different one in about 5 years. The median has gotten killed. Another 25% would really be bad news. I’m more concerned w/ staying employed than housing prices at this point.

Plus, I’m relying on a statistical anomaly to win. I think price reductions at the low end are just about done, and suspect the future damage will be done in properties above the median which will have little affect on the median at all.

Note how in the early days of the crash, the low end was getting killed. In fact, it bumped up as low-end sales reduced. We all saw it, but the median barely moved. Then, as it hit middle ground, the median collapsed. As it moves past the median, I suspect the movement of the median will slow dramatically even as some neighborhoods get creamed. Sales reductions on the high end, though, will push it down a bit.

Not sure I’d take the “under 25%” position if it were Case-Schiller. Maybe I would. Yeah. I think I would.

So the magic number is 228,750.

Can anyone clarify what median measure was $305K in Nov ? Was it all sales or resales ?

[sdduuuude]

Naw. Not really. I have a house and hope to buy a different one in about 5 years. The median has gotten killed. Another 25% would really be bad news. I’m more concerned w/ staying employed than housing prices at this point.

Plus, I’m relying on a statistical anomaly to win. I think price reductions at the low end are just about done, and suspect the future damage will be done in properties above the median which will have little affect on the median at all.

Note how in the early days of the crash, the low end was getting killed. In fact, it bumped up as low-end sales reduced. We all saw it, but the median barely moved. Then, as it hit middle ground, the median collapsed. As it moves past the median, I suspect the movement of the median will slow dramatically even as some neighborhoods get creamed. Sales reductions on the high end, though, will push it down a bit.

Not sure I’d take the “under 25%” position if it were Case-Schiller. Maybe I would. Yeah. I think I would.

So the magic number is 228,750.

Can anyone clarify what median measure was $305K in Nov ? Was it all sales or resales ?

[Author]

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