Housing won’t hit bottom ’til 2012

[sdrealtor]

CAR
That’s better. However, by now you should know that you are in the minority in this world as an heir/longtime homeowner regarding your feelings toward RE. MOst would not look at it as you did.

sdr

PS We both know there is not a chance that I’ll be paying for dinner. My house would have to drop into the mid 500’s which I will say now more than ever will never happen again. BTW, I have the bet bookmarked.

[sdrealtor]

FSD
I’ll add to your example that you are now making prinicipal payments that are more than $75/month.

[sdrealtor]

FSD
I’ll add to your example that you are now making prinicipal payments that are more than $75/month.

[sdrealtor]

FSD
I’ll add to your example that you are now making prinicipal payments that are more than $75/month.

[sdrealtor]

FSD
I’ll add to your example that you are now making prinicipal payments that are more than $75/month.

[sdrealtor]

FSD
I’ll add to your example that you are now making prinicipal payments that are more than $75/month.

[sdrealtor]

DZ
Didnt want to quote your quote of my post so here is yours:
“CAR, my bet that Case Shiller drops 10% is still on the table but I don’t think anybody here is willing to take that. I’m not going to bet on a single property becuase who knows what type of extenuating circumstances are involved. If it is being sold at 2000/2001 prices I would have to think something shady is going on.

My original point remains the same, a point that the RE hacks can’t get their brains around. If the general baseline pricing across the board is going down, then common sense dictates that there will be better deals all around.”

In response there is nothing shady going on. Its called exploiting a fabulous opportunity. The appraisal just came back and it was 6 figures higher than the purchase price. The appraiser admitted he came in low because it was hard to find comps and could have valued it another $150K higher.

Lastly, the general pricing level is irrelevant in my eyes from this point forward. I beleive we are within 10% of any price bottom and now the key is finding that great long term property at a price that affords you 10% (or more) of downside price protection. I know it is possible. Common sense dictating better deals being around does not consider that finding the right house is hard. It also does not consider that the lower prices get the higher competition becomes for the special ones.

[sdrealtor]

DZ
Didnt want to quote your quote of my post so here is yours:
“CAR, my bet that Case Shiller drops 10% is still on the table but I don’t think anybody here is willing to take that. I’m not going to bet on a single property becuase who knows what type of extenuating circumstances are involved. If it is being sold at 2000/2001 prices I would have to think something shady is going on.

My original point remains the same, a point that the RE hacks can’t get their brains around. If the general baseline pricing across the board is going down, then common sense dictates that there will be better deals all around.”

In response there is nothing shady going on. Its called exploiting a fabulous opportunity. The appraisal just came back and it was 6 figures higher than the purchase price. The appraiser admitted he came in low because it was hard to find comps and could have valued it another $150K higher.

Lastly, the general pricing level is irrelevant in my eyes from this point forward. I beleive we are within 10% of any price bottom and now the key is finding that great long term property at a price that affords you 10% (or more) of downside price protection. I know it is possible. Common sense dictating better deals being around does not consider that finding the right house is hard. It also does not consider that the lower prices get the higher competition becomes for the special ones.

[sdrealtor]

DZ
Didnt want to quote your quote of my post so here is yours:
“CAR, my bet that Case Shiller drops 10% is still on the table but I don’t think anybody here is willing to take that. I’m not going to bet on a single property becuase who knows what type of extenuating circumstances are involved. If it is being sold at 2000/2001 prices I would have to think something shady is going on.

My original point remains the same, a point that the RE hacks can’t get their brains around. If the general baseline pricing across the board is going down, then common sense dictates that there will be better deals all around.”

In response there is nothing shady going on. Its called exploiting a fabulous opportunity. The appraisal just came back and it was 6 figures higher than the purchase price. The appraiser admitted he came in low because it was hard to find comps and could have valued it another $150K higher.

Lastly, the general pricing level is irrelevant in my eyes from this point forward. I beleive we are within 10% of any price bottom and now the key is finding that great long term property at a price that affords you 10% (or more) of downside price protection. I know it is possible. Common sense dictating better deals being around does not consider that finding the right house is hard. It also does not consider that the lower prices get the higher competition becomes for the special ones.

[sdrealtor]

DZ
Didnt want to quote your quote of my post so here is yours:
“CAR, my bet that Case Shiller drops 10% is still on the table but I don’t think anybody here is willing to take that. I’m not going to bet on a single property becuase who knows what type of extenuating circumstances are involved. If it is being sold at 2000/2001 prices I would have to think something shady is going on.

My original point remains the same, a point that the RE hacks can’t get their brains around. If the general baseline pricing across the board is going down, then common sense dictates that there will be better deals all around.”

In response there is nothing shady going on. Its called exploiting a fabulous opportunity. The appraisal just came back and it was 6 figures higher than the purchase price. The appraiser admitted he came in low because it was hard to find comps and could have valued it another $150K higher.

Lastly, the general pricing level is irrelevant in my eyes from this point forward. I beleive we are within 10% of any price bottom and now the key is finding that great long term property at a price that affords you 10% (or more) of downside price protection. I know it is possible. Common sense dictating better deals being around does not consider that finding the right house is hard. It also does not consider that the lower prices get the higher competition becomes for the special ones.

[sdrealtor]

DZ
Didnt want to quote your quote of my post so here is yours:
“CAR, my bet that Case Shiller drops 10% is still on the table but I don’t think anybody here is willing to take that. I’m not going to bet on a single property becuase who knows what type of extenuating circumstances are involved. If it is being sold at 2000/2001 prices I would have to think something shady is going on.

My original point remains the same, a point that the RE hacks can’t get their brains around. If the general baseline pricing across the board is going down, then common sense dictates that there will be better deals all around.”

In response there is nothing shady going on. Its called exploiting a fabulous opportunity. The appraisal just came back and it was 6 figures higher than the purchase price. The appraiser admitted he came in low because it was hard to find comps and could have valued it another $150K higher.

Lastly, the general pricing level is irrelevant in my eyes from this point forward. I beleive we are within 10% of any price bottom and now the key is finding that great long term property at a price that affords you 10% (or more) of downside price protection. I know it is possible. Common sense dictating better deals being around does not consider that finding the right house is hard. It also does not consider that the lower prices get the higher competition becomes for the special ones.

[(former)FormerSanDiegan]

[quote=sdrealtor]FSD
I’ll add to your example that you are now making prinicipal payments that are more than $75/month.[/quote]

Good point. In my example, the payment would include almost $900 principal each month.

[(former)FormerSanDiegan]

[quote=sdrealtor]FSD
I’ll add to your example that you are now making prinicipal payments that are more than $75/month.[/quote]

Good point. In my example, the payment would include almost $900 principal each month.

[(former)FormerSanDiegan]

[quote=sdrealtor]FSD
I’ll add to your example that you are now making prinicipal payments that are more than $75/month.[/quote]

Good point. In my example, the payment would include almost $900 principal each month.

[(former)FormerSanDiegan]

[quote=sdrealtor]FSD
I’ll add to your example that you are now making prinicipal payments that are more than $75/month.[/quote]

Good point. In my example, the payment would include almost $900 principal each month.

[Author]

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