Housing won’t hit bottom ’til 2012

[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.

[sdrealtor]

BTW I just looked at your beloved reset chart. The resets look to have been spread out over 5 years and by the end of 2011 we are basically done with the resets. So here we sit 80% of the way through the resets and you are still calling for a tsunami. Pardon me if I question that hypothesis “sitting right there in front of us”.

[sdrealtor]

BTW I just looked at your beloved reset chart. The resets look to have been spread out over 5 years and by the end of 2011 we are basically done with the resets. So here we sit 80% of the way through the resets and you are still calling for a tsunami. Pardon me if I question that hypothesis “sitting right there in front of us”.

[sdrealtor]

BTW I just looked at your beloved reset chart. The resets look to have been spread out over 5 years and by the end of 2011 we are basically done with the resets. So here we sit 80% of the way through the resets and you are still calling for a tsunami. Pardon me if I question that hypothesis “sitting right there in front of us”.

[sdrealtor]

BTW I just looked at your beloved reset chart. The resets look to have been spread out over 5 years and by the end of 2011 we are basically done with the resets. So here we sit 80% of the way through the resets and you are still calling for a tsunami. Pardon me if I question that hypothesis “sitting right there in front of us”.

[sdrealtor]

BTW I just looked at your beloved reset chart. The resets look to have been spread out over 5 years and by the end of 2011 we are basically done with the resets. So here we sit 80% of the way through the resets and you are still calling for a tsunami. Pardon me if I question that hypothesis “sitting right there in front of us”.

[an]

[quote=deadzone]
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).[/quote]
If you’re a seller of such property in LJ (well above watter who don’t need to sell), would you sell at today’s price or try to sell for the next 10 years and see when you can get 1 buyer to pay the price you’re asking for? I know I would hang on to my asking price even if it takes me 10 years to find that buyer.

[an]

[quote=deadzone]
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).[/quote]
If you’re a seller of such property in LJ (well above watter who don’t need to sell), would you sell at today’s price or try to sell for the next 10 years and see when you can get 1 buyer to pay the price you’re asking for? I know I would hang on to my asking price even if it takes me 10 years to find that buyer.

[an]

[quote=deadzone]
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).[/quote]
If you’re a seller of such property in LJ (well above watter who don’t need to sell), would you sell at today’s price or try to sell for the next 10 years and see when you can get 1 buyer to pay the price you’re asking for? I know I would hang on to my asking price even if it takes me 10 years to find that buyer.

[an]

[quote=deadzone]
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).[/quote]
If you’re a seller of such property in LJ (well above watter who don’t need to sell), would you sell at today’s price or try to sell for the next 10 years and see when you can get 1 buyer to pay the price you’re asking for? I know I would hang on to my asking price even if it takes me 10 years to find that buyer.

[an]

[quote=deadzone]
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).[/quote]
If you’re a seller of such property in LJ (well above watter who don’t need to sell), would you sell at today’s price or try to sell for the next 10 years and see when you can get 1 buyer to pay the price you’re asking for? I know I would hang on to my asking price even if it takes me 10 years to find that buyer.

[sdrealtor]

[quote=deadzone][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.[/quote]

I’ll tell you what. Lets make a bet and hopefully you will still be around in 2 years to pay off on it. For privacy reasons I dont want to disclose the property to you but I will to another pigg I trust to keep it under her hat (CA Renter) who ironically will be treating me to dinner at Donovans in 2012 on a similar bet. It will be easy to prove that was the property as I will show up as the buyers agent in the MLS. So how about it? Dinner at Donovans in December 2012?

[sdrealtor]

[quote=deadzone][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.[/quote]

I’ll tell you what. Lets make a bet and hopefully you will still be around in 2 years to pay off on it. For privacy reasons I dont want to disclose the property to you but I will to another pigg I trust to keep it under her hat (CA Renter) who ironically will be treating me to dinner at Donovans in 2012 on a similar bet. It will be easy to prove that was the property as I will show up as the buyers agent in the MLS. So how about it? Dinner at Donovans in December 2012?

[sdrealtor]

[quote=deadzone][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.[/quote]

I’ll tell you what. Lets make a bet and hopefully you will still be around in 2 years to pay off on it. For privacy reasons I dont want to disclose the property to you but I will to another pigg I trust to keep it under her hat (CA Renter) who ironically will be treating me to dinner at Donovans in 2012 on a similar bet. It will be easy to prove that was the property as I will show up as the buyers agent in the MLS. So how about it? Dinner at Donovans in December 2012?

[sdrealtor]

[quote=deadzone][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.[/quote]

I’ll tell you what. Lets make a bet and hopefully you will still be around in 2 years to pay off on it. For privacy reasons I dont want to disclose the property to you but I will to another pigg I trust to keep it under her hat (CA Renter) who ironically will be treating me to dinner at Donovans in 2012 on a similar bet. It will be easy to prove that was the property as I will show up as the buyers agent in the MLS. So how about it? Dinner at Donovans in December 2012?

[Author]

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