- This topic has 510 replies, 19 voices, and was last updated 14 years, 6 months ago by
sdrealtor.
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May 12, 2011 at 12:00 PM #696045May 12, 2011 at 12:38 PM #694868
briansd1
Guest[quote=deadzone]Premium areas will be affected by this change simply by the fact that there is now a smaller pool of people who are able to get the loans. Result is less demand, prices will be affected negatively to some degree.[/quote]
That’s pretty much the gist of it IMHO.
Credit is the grease in the wheel of real estate. And we are relying on credit more than ever, not less. People expect to get credit to buy houses. Some people even get angry when they get denied (as if they are somehow entitled).
Homeownership rates were the highest during the boom. People who wanted to buy already did. I haven’t seen a lot of new household formation lately.
May 12, 2011 at 12:38 PM #694955Guest[quote=deadzone]Premium areas will be affected by this change simply by the fact that there is now a smaller pool of people who are able to get the loans. Result is less demand, prices will be affected negatively to some degree.[/quote]
That’s pretty much the gist of it IMHO.
Credit is the grease in the wheel of real estate. And we are relying on credit more than ever, not less. People expect to get credit to buy houses. Some people even get angry when they get denied (as if they are somehow entitled).
Homeownership rates were the highest during the boom. People who wanted to buy already did. I haven’t seen a lot of new household formation lately.
May 12, 2011 at 12:38 PM #695558Guest[quote=deadzone]Premium areas will be affected by this change simply by the fact that there is now a smaller pool of people who are able to get the loans. Result is less demand, prices will be affected negatively to some degree.[/quote]
That’s pretty much the gist of it IMHO.
Credit is the grease in the wheel of real estate. And we are relying on credit more than ever, not less. People expect to get credit to buy houses. Some people even get angry when they get denied (as if they are somehow entitled).
Homeownership rates were the highest during the boom. People who wanted to buy already did. I haven’t seen a lot of new household formation lately.
May 12, 2011 at 12:38 PM #695706Guest[quote=deadzone]Premium areas will be affected by this change simply by the fact that there is now a smaller pool of people who are able to get the loans. Result is less demand, prices will be affected negatively to some degree.[/quote]
That’s pretty much the gist of it IMHO.
Credit is the grease in the wheel of real estate. And we are relying on credit more than ever, not less. People expect to get credit to buy houses. Some people even get angry when they get denied (as if they are somehow entitled).
Homeownership rates were the highest during the boom. People who wanted to buy already did. I haven’t seen a lot of new household formation lately.
May 12, 2011 at 12:38 PM #696060Guest[quote=deadzone]Premium areas will be affected by this change simply by the fact that there is now a smaller pool of people who are able to get the loans. Result is less demand, prices will be affected negatively to some degree.[/quote]
That’s pretty much the gist of it IMHO.
Credit is the grease in the wheel of real estate. And we are relying on credit more than ever, not less. People expect to get credit to buy houses. Some people even get angry when they get denied (as if they are somehow entitled).
Homeownership rates were the highest during the boom. People who wanted to buy already did. I haven’t seen a lot of new household formation lately.
May 12, 2011 at 12:43 PM #694878sdrealtor
ParticipantJust curious how one sees new household formation while sitting behind a computer screen in a downtown condo all day?
May 12, 2011 at 12:43 PM #694965ParticipantJust curious how one sees new household formation while sitting behind a computer screen in a downtown condo all day?
May 12, 2011 at 12:43 PM #695568ParticipantJust curious how one sees new household formation while sitting behind a computer screen in a downtown condo all day?
May 12, 2011 at 12:43 PM #695716ParticipantJust curious how one sees new household formation while sitting behind a computer screen in a downtown condo all day?
May 12, 2011 at 12:43 PM #696070ParticipantJust curious how one sees new household formation while sitting behind a computer screen in a downtown condo all day?
May 12, 2011 at 1:02 PM #694888Guest[quote=sdrealtor]Just curious how one sees new household formation while sitting behind a computer screen in a downtown condo all day?[/quote]
haha… I was talking about households that can afford the high end houses.
Brand new households won’t be able to afford upscale house for another couple decades.
BTW, I’m not predicting a collapse in higher priced houses. I’m forecasting stagnation. Add time, and we end up with real depreciation (rather than immediate nominal drops).
One question is if the lower GSE limits won’t affect anything much, then why are the Realtors fighting them? Do they know something we don’t know?
May 12, 2011 at 1:02 PM #694975Guest[quote=sdrealtor]Just curious how one sees new household formation while sitting behind a computer screen in a downtown condo all day?[/quote]
haha… I was talking about households that can afford the high end houses.
Brand new households won’t be able to afford upscale house for another couple decades.
BTW, I’m not predicting a collapse in higher priced houses. I’m forecasting stagnation. Add time, and we end up with real depreciation (rather than immediate nominal drops).
One question is if the lower GSE limits won’t affect anything much, then why are the Realtors fighting them? Do they know something we don’t know?
May 12, 2011 at 1:02 PM #695578Guest[quote=sdrealtor]Just curious how one sees new household formation while sitting behind a computer screen in a downtown condo all day?[/quote]
haha… I was talking about households that can afford the high end houses.
Brand new households won’t be able to afford upscale house for another couple decades.
BTW, I’m not predicting a collapse in higher priced houses. I’m forecasting stagnation. Add time, and we end up with real depreciation (rather than immediate nominal drops).
One question is if the lower GSE limits won’t affect anything much, then why are the Realtors fighting them? Do they know something we don’t know?
May 12, 2011 at 1:02 PM #695727Guest[quote=sdrealtor]Just curious how one sees new household formation while sitting behind a computer screen in a downtown condo all day?[/quote]
haha… I was talking about households that can afford the high end houses.
Brand new households won’t be able to afford upscale house for another couple decades.
BTW, I’m not predicting a collapse in higher priced houses. I’m forecasting stagnation. Add time, and we end up with real depreciation (rather than immediate nominal drops).
One question is if the lower GSE limits won’t affect anything much, then why are the Realtors fighting them? Do they know something we don’t know?
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