Housing won’t hit bottom ’til 2012

[sdrealtor]

[quote=briansd1][quote=sdrealtor] 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. [/quote]

Why didn’t you jump on it yourself if money is so easy?[/quote]

Sorry I dont have a million in cash laying around and for personal reasons can only buy for cash right now. In a few months that will change and I expect to pick up another 2 or 3 rental properties this year.

[outtamojo]

[quote=deadzone][quote=sdrealtor]Lets come up with terms of the bet. You say the downside exceeds the upside. I say this house easily has 15 to 20% upside over the price he paid in the next 2 years. For you to be correct it would have to drop in value by more than that. I’m feeling charitable so here’s my offer. If the house can be comped in December 2012 for 10% less that what he paid you win. I think that is more than fair. If you dont like that, make a counter proposal.

Because my client is not party to this matter between us. You couldnt bid on the house any way as it is already under contract.[/quote]

I would consider the bet if you gave me the info on the property. I don’t have enough information.[/quote]

As an observer,ur coppin’ out.

[outtamojo]

[quote=deadzone][quote=sdrealtor]Lets come up with terms of the bet. You say the downside exceeds the upside. I say this house easily has 15 to 20% upside over the price he paid in the next 2 years. For you to be correct it would have to drop in value by more than that. I’m feeling charitable so here’s my offer. If the house can be comped in December 2012 for 10% less that what he paid you win. I think that is more than fair. If you dont like that, make a counter proposal.

Because my client is not party to this matter between us. You couldnt bid on the house any way as it is already under contract.[/quote]

I would consider the bet if you gave me the info on the property. I don’t have enough information.[/quote]

As an observer,ur coppin’ out.

[outtamojo]

[quote=deadzone][quote=sdrealtor]Lets come up with terms of the bet. You say the downside exceeds the upside. I say this house easily has 15 to 20% upside over the price he paid in the next 2 years. For you to be correct it would have to drop in value by more than that. I’m feeling charitable so here’s my offer. If the house can be comped in December 2012 for 10% less that what he paid you win. I think that is more than fair. If you dont like that, make a counter proposal.

Because my client is not party to this matter between us. You couldnt bid on the house any way as it is already under contract.[/quote]

I would consider the bet if you gave me the info on the property. I don’t have enough information.[/quote]

As an observer,ur coppin’ out.

[outtamojo]

[quote=deadzone][quote=sdrealtor]Lets come up with terms of the bet. You say the downside exceeds the upside. I say this house easily has 15 to 20% upside over the price he paid in the next 2 years. For you to be correct it would have to drop in value by more than that. I’m feeling charitable so here’s my offer. If the house can be comped in December 2012 for 10% less that what he paid you win. I think that is more than fair. If you dont like that, make a counter proposal.

Because my client is not party to this matter between us. You couldnt bid on the house any way as it is already under contract.[/quote]

I would consider the bet if you gave me the info on the property. I don’t have enough information.[/quote]

As an observer,ur coppin’ out.

[outtamojo]

[quote=deadzone][quote=sdrealtor]Lets come up with terms of the bet. You say the downside exceeds the upside. I say this house easily has 15 to 20% upside over the price he paid in the next 2 years. For you to be correct it would have to drop in value by more than that. I’m feeling charitable so here’s my offer. If the house can be comped in December 2012 for 10% less that what he paid you win. I think that is more than fair. If you dont like that, make a counter proposal.

Because my client is not party to this matter between us. You couldnt bid on the house any way as it is already under contract.[/quote]

I would consider the bet if you gave me the info on the property. I don’t have enough information.[/quote]

As an observer,ur coppin’ out.

[JBurkett19]

I think the winter of 2011 will be bottom. We’ll see a 5% decrease in prices from current levels by then.
But, ultimately those that are waiting for folks in the media (including this site and others like it) to declare a bottom, they will totally miss out on the “bargain”. Some of the posts have it right here. There are too many eyes on this market, and bargains are hard to come by. Bargains are a result of hard work and diligence, not only market timing.

[JBurkett19]

I think the winter of 2011 will be bottom. We’ll see a 5% decrease in prices from current levels by then.
But, ultimately those that are waiting for folks in the media (including this site and others like it) to declare a bottom, they will totally miss out on the “bargain”. Some of the posts have it right here. There are too many eyes on this market, and bargains are hard to come by. Bargains are a result of hard work and diligence, not only market timing.

[JBurkett19]

I think the winter of 2011 will be bottom. We’ll see a 5% decrease in prices from current levels by then.
But, ultimately those that are waiting for folks in the media (including this site and others like it) to declare a bottom, they will totally miss out on the “bargain”. Some of the posts have it right here. There are too many eyes on this market, and bargains are hard to come by. Bargains are a result of hard work and diligence, not only market timing.

[JBurkett19]

I think the winter of 2011 will be bottom. We’ll see a 5% decrease in prices from current levels by then.
But, ultimately those that are waiting for folks in the media (including this site and others like it) to declare a bottom, they will totally miss out on the “bargain”. Some of the posts have it right here. There are too many eyes on this market, and bargains are hard to come by. Bargains are a result of hard work and diligence, not only market timing.

[JBurkett19]

I think the winter of 2011 will be bottom. We’ll see a 5% decrease in prices from current levels by then.
But, ultimately those that are waiting for folks in the media (including this site and others like it) to declare a bottom, they will totally miss out on the “bargain”. Some of the posts have it right here. There are too many eyes on this market, and bargains are hard to come by. Bargains are a result of hard work and diligence, not only market timing.

[sdrealtor]

Not coppin out. Just struggling with disclosing a private information to someone I dont know. If I had met deadzone at a meetup or one of the longtime piggs could vouch for him, I’ll be all over it. I’m mulling it over and perhaps we could do it offline once the transaction closes.

[sdrealtor]

Not coppin out. Just struggling with disclosing a private information to someone I dont know. If I had met deadzone at a meetup or one of the longtime piggs could vouch for him, I’ll be all over it. I’m mulling it over and perhaps we could do it offline once the transaction closes.

[sdrealtor]

Not coppin out. Just struggling with disclosing a private information to someone I dont know. If I had met deadzone at a meetup or one of the longtime piggs could vouch for him, I’ll be all over it. I’m mulling it over and perhaps we could do it offline once the transaction closes.

[sdrealtor]

Not coppin out. Just struggling with disclosing a private information to someone I dont know. If I had met deadzone at a meetup or one of the longtime piggs could vouch for him, I’ll be all over it. I’m mulling it over and perhaps we could do it offline once the transaction closes.

[Author]

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