Has the tone shifted? Piggs are buying?

[Running Bear]

We aren’t at the bottom. We are far from it time wise. I can’t put a percentage on how much further we will drop but I would say taking on a large amount of debt and locking yourself into a community probably isn’t the safest bet right now.

Think of all the things that are unknowns that are starting to surface right now:

Energy, food, job market, interest rates, gas, etc. By getting into the housing market and buying a home you are locking yourself into an area and home. Not to mention a large amount of debt. I think it is safe to assume that even if you got a good deal your ability to sell your new home in the next few years will be very tough.

I think most people get excited about the price drop and their ability to buy a home they have coveted for several years and forget that other variables are changing around them.

My2Cents

[New_Renter]

No, the tone has not shifted. RE continues to deteriorate in CV; inventory continues to climb, NOD’s continue to climb, seller price reductions continue…This Pigg, at least, is not pulling the trigger yet in CV. Late summer and into Fall, things will start to get more interesting, but 2009 may be best.

[New_Renter]

No, the tone has not shifted. RE continues to deteriorate in CV; inventory continues to climb, NOD’s continue to climb, seller price reductions continue…This Pigg, at least, is not pulling the trigger yet in CV. Late summer and into Fall, things will start to get more interesting, but 2009 may be best.

[New_Renter]

No, the tone has not shifted. RE continues to deteriorate in CV; inventory continues to climb, NOD’s continue to climb, seller price reductions continue…This Pigg, at least, is not pulling the trigger yet in CV. Late summer and into Fall, things will start to get more interesting, but 2009 may be best.

[New_Renter]

No, the tone has not shifted. RE continues to deteriorate in CV; inventory continues to climb, NOD’s continue to climb, seller price reductions continue…This Pigg, at least, is not pulling the trigger yet in CV. Late summer and into Fall, things will start to get more interesting, but 2009 may be best.

[New_Renter]

No, the tone has not shifted. RE continues to deteriorate in CV; inventory continues to climb, NOD’s continue to climb, seller price reductions continue…This Pigg, at least, is not pulling the trigger yet in CV. Late summer and into Fall, things will start to get more interesting, but 2009 may be best.

[nostradamus]

Is the OP suggesting that the piggs are numerous enough to dictate where the bottom is? I’d say they are too few to make a difference. IMO one way to generally describe the piggs is cash-heavy investors waiting to scoop up some bargains no matter what the MSM and Joe-6-pack are doing (buying, selling, calling bottom, etc). We are a minority!

[nostradamus]

Is the OP suggesting that the piggs are numerous enough to dictate where the bottom is? I’d say they are too few to make a difference. IMO one way to generally describe the piggs is cash-heavy investors waiting to scoop up some bargains no matter what the MSM and Joe-6-pack are doing (buying, selling, calling bottom, etc). We are a minority!

[nostradamus]

Is the OP suggesting that the piggs are numerous enough to dictate where the bottom is? I’d say they are too few to make a difference. IMO one way to generally describe the piggs is cash-heavy investors waiting to scoop up some bargains no matter what the MSM and Joe-6-pack are doing (buying, selling, calling bottom, etc). We are a minority!

[nostradamus]

Is the OP suggesting that the piggs are numerous enough to dictate where the bottom is? I’d say they are too few to make a difference. IMO one way to generally describe the piggs is cash-heavy investors waiting to scoop up some bargains no matter what the MSM and Joe-6-pack are doing (buying, selling, calling bottom, etc). We are a minority!

[nostradamus]

Is the OP suggesting that the piggs are numerous enough to dictate where the bottom is? I’d say they are too few to make a difference. IMO one way to generally describe the piggs is cash-heavy investors waiting to scoop up some bargains no matter what the MSM and Joe-6-pack are doing (buying, selling, calling bottom, etc). We are a minority!

[waiting hawk]

sdrealtor did hit it on for me but also so did sdduuuude.

“Plus, the Piggs are finding deals, possibly even driving comps to the bottom.

So, maybe the market hasn’t bottomed, but the Piggs are shopping under the market.

It is fascinating, though. A hint that someday this will be the “unreasonably bullish” real estate blog when everyone else is scared.”

“Shopping under the market”. I really really like this term. As for the more prime areas, hell no we are not done yet. These people have the most bullish sentiment and most cash (debt) to bleed till all hope is gone. We are an easy year off in the better areas.

Edit: Don’t foreget where some of the pigs are buying. You really should discount pigs buying in IE as you cannot compare to SD unless you compare it to Chula Vista I guess or below the 8.

[waiting hawk]

sdrealtor did hit it on for me but also so did sdduuuude.

“Plus, the Piggs are finding deals, possibly even driving comps to the bottom.

So, maybe the market hasn’t bottomed, but the Piggs are shopping under the market.

It is fascinating, though. A hint that someday this will be the “unreasonably bullish” real estate blog when everyone else is scared.”

“Shopping under the market”. I really really like this term. As for the more prime areas, hell no we are not done yet. These people have the most bullish sentiment and most cash (debt) to bleed till all hope is gone. We are an easy year off in the better areas.

Edit: Don’t foreget where some of the pigs are buying. You really should discount pigs buying in IE as you cannot compare to SD unless you compare it to Chula Vista I guess or below the 8.

[waiting hawk]

sdrealtor did hit it on for me but also so did sdduuuude.

“Plus, the Piggs are finding deals, possibly even driving comps to the bottom.

So, maybe the market hasn’t bottomed, but the Piggs are shopping under the market.

It is fascinating, though. A hint that someday this will be the “unreasonably bullish” real estate blog when everyone else is scared.”

“Shopping under the market”. I really really like this term. As for the more prime areas, hell no we are not done yet. These people have the most bullish sentiment and most cash (debt) to bleed till all hope is gone. We are an easy year off in the better areas.

Edit: Don’t foreget where some of the pigs are buying. You really should discount pigs buying in IE as you cannot compare to SD unless you compare it to Chula Vista I guess or below the 8.

[waiting hawk]

sdrealtor did hit it on for me but also so did sdduuuude.

“Plus, the Piggs are finding deals, possibly even driving comps to the bottom.

So, maybe the market hasn’t bottomed, but the Piggs are shopping under the market.

It is fascinating, though. A hint that someday this will be the “unreasonably bullish” real estate blog when everyone else is scared.”

“Shopping under the market”. I really really like this term. As for the more prime areas, hell no we are not done yet. These people have the most bullish sentiment and most cash (debt) to bleed till all hope is gone. We are an easy year off in the better areas.

Edit: Don’t foreget where some of the pigs are buying. You really should discount pigs buying in IE as you cannot compare to SD unless you compare it to Chula Vista I guess or below the 8.

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