First glimmer of good news for San Diego

[(former)FormerSanDiegan]

The original article can be viewed here …

http://www.forbes.com/lifestyle/2008/03/31/homes-risky-property-forbeslife-cx_mw_0331realestate.html

The author’s writing style (forget the content) is actually pretty good and he might sound like a grizzled old veteran to some folks so I thought it would be interesting to post his photo. My gosh, is he still in high school ?

[img_assist|nid=7089|title=author Woosley|desc=|link=node|align=left|width=375|height=500]

[jpinpb]

Shouldn’t we consider how long sales will continue. Making an assumption sales will continue at this pace. Once people walk away or foreclose, all those people aren’t going to be buying for a couple of years, if they get their credit in order. That leaves the piggs and others who didn’t take the bait and buy in the boom. Most of us are waiting for prices to get lower. Spring is getting fence-sitters and knife-catchers to pull the trigger, but how many are there that will absorb the inventory and continue to absorb the inventory. Overly optimistic, I think, to assume the sales will continue at a high volume.

[jpinpb]

Shouldn’t we consider how long sales will continue. Making an assumption sales will continue at this pace. Once people walk away or foreclose, all those people aren’t going to be buying for a couple of years, if they get their credit in order. That leaves the piggs and others who didn’t take the bait and buy in the boom. Most of us are waiting for prices to get lower. Spring is getting fence-sitters and knife-catchers to pull the trigger, but how many are there that will absorb the inventory and continue to absorb the inventory. Overly optimistic, I think, to assume the sales will continue at a high volume.

[jpinpb]

Shouldn’t we consider how long sales will continue. Making an assumption sales will continue at this pace. Once people walk away or foreclose, all those people aren’t going to be buying for a couple of years, if they get their credit in order. That leaves the piggs and others who didn’t take the bait and buy in the boom. Most of us are waiting for prices to get lower. Spring is getting fence-sitters and knife-catchers to pull the trigger, but how many are there that will absorb the inventory and continue to absorb the inventory. Overly optimistic, I think, to assume the sales will continue at a high volume.

[jpinpb]

Shouldn’t we consider how long sales will continue. Making an assumption sales will continue at this pace. Once people walk away or foreclose, all those people aren’t going to be buying for a couple of years, if they get their credit in order. That leaves the piggs and others who didn’t take the bait and buy in the boom. Most of us are waiting for prices to get lower. Spring is getting fence-sitters and knife-catchers to pull the trigger, but how many are there that will absorb the inventory and continue to absorb the inventory. Overly optimistic, I think, to assume the sales will continue at a high volume.

[jpinpb]

Shouldn’t we consider how long sales will continue. Making an assumption sales will continue at this pace. Once people walk away or foreclose, all those people aren’t going to be buying for a couple of years, if they get their credit in order. That leaves the piggs and others who didn’t take the bait and buy in the boom. Most of us are waiting for prices to get lower. Spring is getting fence-sitters and knife-catchers to pull the trigger, but how many are there that will absorb the inventory and continue to absorb the inventory. Overly optimistic, I think, to assume the sales will continue at a high volume.

[DWCAP]

FSD,

I totally agree with you about the sales. If sales pick up again and we fall to a 6-7 month inventory of homes, then yes, prices will start to rise slowly again. However, we are nowhere near even 8 months of inventory, so I am not worried.
As for the author, I am sure he is just outa his undergrad, as represented by the top of the spiderman tie he chose to wear in the file photo. I am sure it use to knockem dead at all those halloween parties. Spiderman, Spiderman, doing whatever a spiderman does……. 🙂

Nos. totally agree with you about the comps thing. There is plenty for everyone. If the relators tell you all about pentup demand, ask them about pentup supply. There are alot of people who want to sell, but refuse to take a loss, or be a part of a “fire sale”. It ant gonna be a V shaped graph.

[DWCAP]

FSD,

I totally agree with you about the sales. If sales pick up again and we fall to a 6-7 month inventory of homes, then yes, prices will start to rise slowly again. However, we are nowhere near even 8 months of inventory, so I am not worried.
As for the author, I am sure he is just outa his undergrad, as represented by the top of the spiderman tie he chose to wear in the file photo. I am sure it use to knockem dead at all those halloween parties. Spiderman, Spiderman, doing whatever a spiderman does……. 🙂

Nos. totally agree with you about the comps thing. There is plenty for everyone. If the relators tell you all about pentup demand, ask them about pentup supply. There are alot of people who want to sell, but refuse to take a loss, or be a part of a “fire sale”. It ant gonna be a V shaped graph.

[DWCAP]

FSD,

I totally agree with you about the sales. If sales pick up again and we fall to a 6-7 month inventory of homes, then yes, prices will start to rise slowly again. However, we are nowhere near even 8 months of inventory, so I am not worried.
As for the author, I am sure he is just outa his undergrad, as represented by the top of the spiderman tie he chose to wear in the file photo. I am sure it use to knockem dead at all those halloween parties. Spiderman, Spiderman, doing whatever a spiderman does……. 🙂

Nos. totally agree with you about the comps thing. There is plenty for everyone. If the relators tell you all about pentup demand, ask them about pentup supply. There are alot of people who want to sell, but refuse to take a loss, or be a part of a “fire sale”. It ant gonna be a V shaped graph.

[DWCAP]

FSD,

I totally agree with you about the sales. If sales pick up again and we fall to a 6-7 month inventory of homes, then yes, prices will start to rise slowly again. However, we are nowhere near even 8 months of inventory, so I am not worried.
As for the author, I am sure he is just outa his undergrad, as represented by the top of the spiderman tie he chose to wear in the file photo. I am sure it use to knockem dead at all those halloween parties. Spiderman, Spiderman, doing whatever a spiderman does……. 🙂

Nos. totally agree with you about the comps thing. There is plenty for everyone. If the relators tell you all about pentup demand, ask them about pentup supply. There are alot of people who want to sell, but refuse to take a loss, or be a part of a “fire sale”. It ant gonna be a V shaped graph.

[DWCAP]

FSD,

I totally agree with you about the sales. If sales pick up again and we fall to a 6-7 month inventory of homes, then yes, prices will start to rise slowly again. However, we are nowhere near even 8 months of inventory, so I am not worried.
As for the author, I am sure he is just outa his undergrad, as represented by the top of the spiderman tie he chose to wear in the file photo. I am sure it use to knockem dead at all those halloween parties. Spiderman, Spiderman, doing whatever a spiderman does……. 🙂

Nos. totally agree with you about the comps thing. There is plenty for everyone. If the relators tell you all about pentup demand, ask them about pentup supply. There are alot of people who want to sell, but refuse to take a loss, or be a part of a “fire sale”. It ant gonna be a V shaped graph.

[mixxalot]

Harry Osbourne aka Green Goblin

Is who that young man looks like and not Spiderman.

[mixxalot]

Harry Osbourne aka Green Goblin

Is who that young man looks like and not Spiderman.

[mixxalot]

Harry Osbourne aka Green Goblin

Is who that young man looks like and not Spiderman.

[mixxalot]

Harry Osbourne aka Green Goblin

Is who that young man looks like and not Spiderman.

[Author]

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