Fire will help market

[sddreaming]

Okay dingo, I agree with #1. There will be a stimulus to the construction market this coming year. But I guess that’s as far as I agree.

The rent market is tight, however I already saw somewhere a restriction in rent rate increases. Rents are not supposed to be increased over the next 6 months to a rate higher than 30 days before the fire. Now I have to look and see where I saw that.

At this point I am thinking that sellers in the fire evacuation areas will be more likely to lower their selling prices. After all why would you hold on to property that is in a fire evacuation area?

[cr]

Houses are still too over-priced for this to be anything but a further delay of the inevitable.

[cr]

Houses are still too over-priced for this to be anything but a further delay of the inevitable.

[cr]

Houses are still too over-priced for this to be anything but a further delay of the inevitable.

[CarlsbadMtnBiker]

“Submitted by sddreaming on October 28, 2007 – 2:01pm.
Okay dingo, I agree with #1. There will be a stimulus to the construction market this coming year. But I guess that’s as far as I agree.

The rent market is tight, however I already saw somewhere a restriction in rent rate increases. Rents are not supposed to be increased over the next 6 months to a rate higher than 30 days before the fire. Now I have to look and see where I saw that.”

sddreaming,

Do remember where you saw this info on the rent increase restriction?

Thanks..

-CMB

[CarlsbadMtnBiker]

“Submitted by sddreaming on October 28, 2007 – 2:01pm.
Okay dingo, I agree with #1. There will be a stimulus to the construction market this coming year. But I guess that’s as far as I agree.

The rent market is tight, however I already saw somewhere a restriction in rent rate increases. Rents are not supposed to be increased over the next 6 months to a rate higher than 30 days before the fire. Now I have to look and see where I saw that.”

sddreaming,

Do remember where you saw this info on the rent increase restriction?

Thanks..

-CMB

[CarlsbadMtnBiker]

“Submitted by sddreaming on October 28, 2007 – 2:01pm.
Okay dingo, I agree with #1. There will be a stimulus to the construction market this coming year. But I guess that’s as far as I agree.

The rent market is tight, however I already saw somewhere a restriction in rent rate increases. Rents are not supposed to be increased over the next 6 months to a rate higher than 30 days before the fire. Now I have to look and see where I saw that.”

sddreaming,

Do remember where you saw this info on the rent increase restriction?

Thanks..

-CMB

[SD Realtor]

Jmcgarry that was a very insightful post. 4plex followed it up with some good points that may indeed quantify the behavior of the legs down and the in between behavior of them. I just wanted to comment about those two posts.

SD Realtor

[SD Realtor]

Jmcgarry that was a very insightful post. 4plex followed it up with some good points that may indeed quantify the behavior of the legs down and the in between behavior of them. I just wanted to comment about those two posts.

SD Realtor

[SD Realtor]

Jmcgarry that was a very insightful post. 4plex followed it up with some good points that may indeed quantify the behavior of the legs down and the in between behavior of them. I just wanted to comment about those two posts.

SD Realtor

[the dingo]

Hey Everyone,
Thanks for all of the comments. It has been fun to have a post responded to so well. My thoughts are that the market will start to stabilize early next year. While there are lots of reasons not to buy, the market is affordable to many. Encinitas now has a lot of really nice single families in the 550k range see realtor.com 92024zip. I have 6 friends, including myself who have bought homes in the last 4 months. We got a great duplex in La Costa 445k after (buyer paid 17k in points)1500 sq ft and good size yard that we are really happy with, and even qualified for a sweet fed loan see acornhousing.org at 6.1% 100% financing with no PMI. All that to say, my $2400 payment is more then affordable and with a 10 year plan, why do I care what the market does. We were sick of waiting, the price was $65k off its 2005 peak. Everyone who I know who bought is in the same boat. New babies, new spouses and new jobs. Not all of us are looking for the deal of the century, just a place to live that is affordable and 550k with lowering interest rates is very affordable (Granted, I live and work in North County).

[the dingo]

Hey Everyone,
Thanks for all of the comments. It has been fun to have a post responded to so well. My thoughts are that the market will start to stabilize early next year. While there are lots of reasons not to buy, the market is affordable to many. Encinitas now has a lot of really nice single families in the 550k range see realtor.com 92024zip. I have 6 friends, including myself who have bought homes in the last 4 months. We got a great duplex in La Costa 445k after (buyer paid 17k in points)1500 sq ft and good size yard that we are really happy with, and even qualified for a sweet fed loan see acornhousing.org at 6.1% 100% financing with no PMI. All that to say, my $2400 payment is more then affordable and with a 10 year plan, why do I care what the market does. We were sick of waiting, the price was $65k off its 2005 peak. Everyone who I know who bought is in the same boat. New babies, new spouses and new jobs. Not all of us are looking for the deal of the century, just a place to live that is affordable and 550k with lowering interest rates is very affordable (Granted, I live and work in North County).

[the dingo]

Hey Everyone,
Thanks for all of the comments. It has been fun to have a post responded to so well. My thoughts are that the market will start to stabilize early next year. While there are lots of reasons not to buy, the market is affordable to many. Encinitas now has a lot of really nice single families in the 550k range see realtor.com 92024zip. I have 6 friends, including myself who have bought homes in the last 4 months. We got a great duplex in La Costa 445k after (buyer paid 17k in points)1500 sq ft and good size yard that we are really happy with, and even qualified for a sweet fed loan see acornhousing.org at 6.1% 100% financing with no PMI. All that to say, my $2400 payment is more then affordable and with a 10 year plan, why do I care what the market does. We were sick of waiting, the price was $65k off its 2005 peak. Everyone who I know who bought is in the same boat. New babies, new spouses and new jobs. Not all of us are looking for the deal of the century, just a place to live that is affordable and 550k with lowering interest rates is very affordable (Granted, I live and work in North County).

[CardiffBaseball]

Dingo, are you saying you have a personal 10 year plan or were you implying you took out a 10 year I/O loan? What’s the property tax out there? I don’t think you can possibly be paying just $2400 total including tax, insurance, etc. Seems kind of low.

[CardiffBaseball]

Dingo, are you saying you have a personal 10 year plan or were you implying you took out a 10 year I/O loan? What’s the property tax out there? I don’t think you can possibly be paying just $2400 total including tax, insurance, etc. Seems kind of low.

[Author]

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