Housing won’t hit bottom ’til 2012

[Anonymous]

[quote=bearishgurl][quote=deadzone]Regarding the lower pricing I am seeing in La Jolla, it is a combination of all cases. There are some short sales, some foreclosures, and in some cases long time residents (presumably way above water) who are finally waking up to reality that they have to lower their asking prices significantly if they want to sell.[/quote]

Why do these “way above water long time residents” in LJ have to lower their asking prices significantly if they wish to sell? Are there short-sale closings and foreclosures on their street? What’s keeping these longtime owners from withdrawing their current listing and waiting for a “better day?”

I maintain that the way above water sellers you speak of who feel they MUST reduce in order to sell MUST SELL NOW for a REASON during a time when nearby lower sold comps are affecting the value of their properties. Those nearby lower sold comps are lower for a REASON. What are those REASONS, deadzone??

If you knew these answers as well as what the likelihood was that this scenario would continue to “play out” in a “micro-area,” then you might be able to determine if now would be a good time to buy in that area.[/quote]

Seriously bearishgurl what planet are you living on? Many of these non-distress sellers have had there properties on and off the market for the last 2 years or more hoping that somebody would pay their inflated asking price. Well guess what, the real estate market and economy as a whole are in the shitter. Loans are harder to get, foreclosures are rampant and unemployment is at 12% (in CA). Simply stated, there is less money avaialble. Maybe folks are finally realizing that prices are on their way down again and they want to get out while they still can (with a profit).

[Anonymous]

[quote=faterikcartman][quote=deadzone] So why risk it? [/quote]

Because eventually time catches up with everyone and you have to start living and stop waiting?

Of course for people who don’t buy into the “a person’s house is their castle” way of thinking and have no psychological need/desire to own the best home they’ll ever own in their lives (before they’re too old to enjoy it) or raise kids in said home and send them to the school of choice, this means nothing to them and will not be concerned.

For many of us, I suspect, life goes on and at some point you need to get on with it and plant your roots. And waiting for the ideal timing of the market is a false economy where the money you might save is not worth the time lost.[/quote]

Thanks for the sdr-esque lecture. But I’m not recommending people “time” the market arbitrarily, jesus christ the information is right in front of you in the form of the reset chart. If that information wasn’t available, I would probably agree with you.

[Anonymous]

[quote=faterikcartman][quote=deadzone] So why risk it? [/quote]

Because eventually time catches up with everyone and you have to start living and stop waiting?

Of course for people who don’t buy into the “a person’s house is their castle” way of thinking and have no psychological need/desire to own the best home they’ll ever own in their lives (before they’re too old to enjoy it) or raise kids in said home and send them to the school of choice, this means nothing to them and will not be concerned.

For many of us, I suspect, life goes on and at some point you need to get on with it and plant your roots. And waiting for the ideal timing of the market is a false economy where the money you might save is not worth the time lost.[/quote]

Thanks for the sdr-esque lecture. But I’m not recommending people “time” the market arbitrarily, jesus christ the information is right in front of you in the form of the reset chart. If that information wasn’t available, I would probably agree with you.

[Anonymous]

[quote=faterikcartman][quote=deadzone] So why risk it? [/quote]

Because eventually time catches up with everyone and you have to start living and stop waiting?

Of course for people who don’t buy into the “a person’s house is their castle” way of thinking and have no psychological need/desire to own the best home they’ll ever own in their lives (before they’re too old to enjoy it) or raise kids in said home and send them to the school of choice, this means nothing to them and will not be concerned.

For many of us, I suspect, life goes on and at some point you need to get on with it and plant your roots. And waiting for the ideal timing of the market is a false economy where the money you might save is not worth the time lost.[/quote]

Thanks for the sdr-esque lecture. But I’m not recommending people “time” the market arbitrarily, jesus christ the information is right in front of you in the form of the reset chart. If that information wasn’t available, I would probably agree with you.

[Anonymous]

[quote=faterikcartman][quote=deadzone] So why risk it? [/quote]

Because eventually time catches up with everyone and you have to start living and stop waiting?

Of course for people who don’t buy into the “a person’s house is their castle” way of thinking and have no psychological need/desire to own the best home they’ll ever own in their lives (before they’re too old to enjoy it) or raise kids in said home and send them to the school of choice, this means nothing to them and will not be concerned.

For many of us, I suspect, life goes on and at some point you need to get on with it and plant your roots. And waiting for the ideal timing of the market is a false economy where the money you might save is not worth the time lost.[/quote]

Thanks for the sdr-esque lecture. But I’m not recommending people “time” the market arbitrarily, jesus christ the information is right in front of you in the form of the reset chart. If that information wasn’t available, I would probably agree with you.

[Anonymous]

[quote=faterikcartman][quote=deadzone] So why risk it? [/quote]

Because eventually time catches up with everyone and you have to start living and stop waiting?

Of course for people who don’t buy into the “a person’s house is their castle” way of thinking and have no psychological need/desire to own the best home they’ll ever own in their lives (before they’re too old to enjoy it) or raise kids in said home and send them to the school of choice, this means nothing to them and will not be concerned.

For many of us, I suspect, life goes on and at some point you need to get on with it and plant your roots. And waiting for the ideal timing of the market is a false economy where the money you might save is not worth the time lost.[/quote]

Thanks for the sdr-esque lecture. But I’m not recommending people “time” the market arbitrarily, jesus christ the information is right in front of you in the form of the reset chart. If that information wasn’t available, I would probably agree with you.

[sdrealtor]

Sorry deadzone but you are flat out wrong. Houses like my client got rarely come on the market. You could wait 20 years and not find one like this at any price. There are only a handfull in existence and they stay in families for decades. Many never get resold and are passed down. If my client wanted to he could do some relatively minor work on the house and then turn around and sell it for a profit of a few hundred thousand dollars this Spring. Of course he’s been looking for about 5 years and there is no way he ever would.

[sdrealtor]

Sorry deadzone but you are flat out wrong. Houses like my client got rarely come on the market. You could wait 20 years and not find one like this at any price. There are only a handfull in existence and they stay in families for decades. Many never get resold and are passed down. If my client wanted to he could do some relatively minor work on the house and then turn around and sell it for a profit of a few hundred thousand dollars this Spring. Of course he’s been looking for about 5 years and there is no way he ever would.

[sdrealtor]

Sorry deadzone but you are flat out wrong. Houses like my client got rarely come on the market. You could wait 20 years and not find one like this at any price. There are only a handfull in existence and they stay in families for decades. Many never get resold and are passed down. If my client wanted to he could do some relatively minor work on the house and then turn around and sell it for a profit of a few hundred thousand dollars this Spring. Of course he’s been looking for about 5 years and there is no way he ever would.

[sdrealtor]

Sorry deadzone but you are flat out wrong. Houses like my client got rarely come on the market. You could wait 20 years and not find one like this at any price. There are only a handfull in existence and they stay in families for decades. Many never get resold and are passed down. If my client wanted to he could do some relatively minor work on the house and then turn around and sell it for a profit of a few hundred thousand dollars this Spring. Of course he’s been looking for about 5 years and there is no way he ever would.

[sdrealtor]

Sorry deadzone but you are flat out wrong. Houses like my client got rarely come on the market. You could wait 20 years and not find one like this at any price. There are only a handfull in existence and they stay in families for decades. Many never get resold and are passed down. If my client wanted to he could do some relatively minor work on the house and then turn around and sell it for a profit of a few hundred thousand dollars this Spring. Of course he’s been looking for about 5 years and there is no way he ever would.

[Anonymous]

[quote=sdrealtor]Sorry deadzone but you are flat out wrong. Houses like my client got rarely come on the market. You could wait 20 years and not find one like this at any price. There are only a handfull in existence and they stay in families for decades. Many never get resold and are passed down. If my client wanted to he could do some relatively minor work on the house and then turn around and sell it for a profit of a few hundred thousand dollars this Spring. Of course he’s been looking for about 5 years and there is no way he ever would.[/quote]

that’s your opinion. Why don’t you give me the address and I’ll track it (and comps) for the next two years.

[Anonymous]

[quote=sdrealtor]Sorry deadzone but you are flat out wrong. Houses like my client got rarely come on the market. You could wait 20 years and not find one like this at any price. There are only a handfull in existence and they stay in families for decades. Many never get resold and are passed down. If my client wanted to he could do some relatively minor work on the house and then turn around and sell it for a profit of a few hundred thousand dollars this Spring. Of course he’s been looking for about 5 years and there is no way he ever would.[/quote]

that’s your opinion. Why don’t you give me the address and I’ll track it (and comps) for the next two years.

[Anonymous]

[quote=sdrealtor]Sorry deadzone but you are flat out wrong. Houses like my client got rarely come on the market. You could wait 20 years and not find one like this at any price. There are only a handfull in existence and they stay in families for decades. Many never get resold and are passed down. If my client wanted to he could do some relatively minor work on the house and then turn around and sell it for a profit of a few hundred thousand dollars this Spring. Of course he’s been looking for about 5 years and there is no way he ever would.[/quote]

that’s your opinion. Why don’t you give me the address and I’ll track it (and comps) for the next two years.

[Anonymous]

[quote=sdrealtor]Sorry deadzone but you are flat out wrong. Houses like my client got rarely come on the market. You could wait 20 years and not find one like this at any price. There are only a handfull in existence and they stay in families for decades. Many never get resold and are passed down. If my client wanted to he could do some relatively minor work on the house and then turn around and sell it for a profit of a few hundred thousand dollars this Spring. Of course he’s been looking for about 5 years and there is no way he ever would.[/quote]

that’s your opinion. Why don’t you give me the address and I’ll track it (and comps) for the next two years.

[Author]

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