Housing won’t hit bottom ’til 2012

[zzz]

BG, agree on what you said about MH. I WANT(ED) to believe more gloom and doom was going to happen in MH and certain other pockets, but it just hasn’t happened and the more I look in those neighborhoods, I just don’t see it happening to truly GREAT homes. There will always be that crappy house in MH that sells way below what it did in 05, but I don’t want to live there anyhow.

I do know lots of folks who are underwater, and if they lost their jobs, they would be screwed, but none of them are in MH. I also know A LOT of couples who have dual incomes, both making 150k+ and only live on one income, banking the rest. Some of them own business or work for themselves and have pretty downturn resistant jobs. A lot of people in MH have tons of equity in their homes either having lived there for 30 years, or a lot of late 30s, 40s bought early and as they moved up, put all the accrued equity into their 1M+ homes. Its not anectdotal, you can look up their loan amounts.

[bearishgurl]

[quote=zzz]BG, agree on what you said about MH. I WANT(ED) to believe more gloom and doom was going to happen in MH and certain other pockets, but it just hasn’t happened and the more I look in those neighborhoods, I just don’t see it happening to truly GREAT homes. There will always be that crappy house in MH that sells way below what it did in 05, but I don’t want to live there anyhow.

I do know lots of folks who are underwater, and if they lost their jobs, they would be screwed, but none of them are in MH. I also know A LOT of couples who have dual incomes, both making 150k+ and only live on one income, banking the rest. Some of them own business or work for themselves and have pretty downturn resistant jobs. A lot of people in MH have tons of equity in their homes either having lived there for 30 years, or a lot of late 30s, 40s bought early and as they moved up, put all the accrued equity into their 1M+ homes. Its not anectdotal, you can look up their loan amounts.[/quote]

I don’t need to look them up, zzz. I believe you. I have three good friends who have owned in MH a very long time and have spent many a holiday at their homes. All are retired now and none are even remotely nearing “distress” and there has been little to no distress around them. I will stop short of saying there is no distress in MH because I think there were a few instances of speculation during the bubble where flippers tried to rehab but the cost to do it right proved to be too high (considering the inflated prices they paid) and the numbers ended up not working out for them so they walked away.

In addition, I have very much enjoyed the SOHO tours when they cover that area and have toured many beautifully restored properties in MH.

I wish you the very best of luck on your concentrated search in MH for your future residence, zzz. It’s a quiet, convenient and wonderful place to live, young or old!

[bearishgurl]

[quote=zzz]BG, agree on what you said about MH. I WANT(ED) to believe more gloom and doom was going to happen in MH and certain other pockets, but it just hasn’t happened and the more I look in those neighborhoods, I just don’t see it happening to truly GREAT homes. There will always be that crappy house in MH that sells way below what it did in 05, but I don’t want to live there anyhow.

I do know lots of folks who are underwater, and if they lost their jobs, they would be screwed, but none of them are in MH. I also know A LOT of couples who have dual incomes, both making 150k+ and only live on one income, banking the rest. Some of them own business or work for themselves and have pretty downturn resistant jobs. A lot of people in MH have tons of equity in their homes either having lived there for 30 years, or a lot of late 30s, 40s bought early and as they moved up, put all the accrued equity into their 1M+ homes. Its not anectdotal, you can look up their loan amounts.[/quote]

I don’t need to look them up, zzz. I believe you. I have three good friends who have owned in MH a very long time and have spent many a holiday at their homes. All are retired now and none are even remotely nearing “distress” and there has been little to no distress around them. I will stop short of saying there is no distress in MH because I think there were a few instances of speculation during the bubble where flippers tried to rehab but the cost to do it right proved to be too high (considering the inflated prices they paid) and the numbers ended up not working out for them so they walked away.

In addition, I have very much enjoyed the SOHO tours when they cover that area and have toured many beautifully restored properties in MH.

I wish you the very best of luck on your concentrated search in MH for your future residence, zzz. It’s a quiet, convenient and wonderful place to live, young or old!

[bearishgurl]

[quote=zzz]BG, agree on what you said about MH. I WANT(ED) to believe more gloom and doom was going to happen in MH and certain other pockets, but it just hasn’t happened and the more I look in those neighborhoods, I just don’t see it happening to truly GREAT homes. There will always be that crappy house in MH that sells way below what it did in 05, but I don’t want to live there anyhow.

I do know lots of folks who are underwater, and if they lost their jobs, they would be screwed, but none of them are in MH. I also know A LOT of couples who have dual incomes, both making 150k+ and only live on one income, banking the rest. Some of them own business or work for themselves and have pretty downturn resistant jobs. A lot of people in MH have tons of equity in their homes either having lived there for 30 years, or a lot of late 30s, 40s bought early and as they moved up, put all the accrued equity into their 1M+ homes. Its not anectdotal, you can look up their loan amounts.[/quote]

I don’t need to look them up, zzz. I believe you. I have three good friends who have owned in MH a very long time and have spent many a holiday at their homes. All are retired now and none are even remotely nearing “distress” and there has been little to no distress around them. I will stop short of saying there is no distress in MH because I think there were a few instances of speculation during the bubble where flippers tried to rehab but the cost to do it right proved to be too high (considering the inflated prices they paid) and the numbers ended up not working out for them so they walked away.

In addition, I have very much enjoyed the SOHO tours when they cover that area and have toured many beautifully restored properties in MH.

I wish you the very best of luck on your concentrated search in MH for your future residence, zzz. It’s a quiet, convenient and wonderful place to live, young or old!

[bearishgurl]

[quote=zzz]BG, agree on what you said about MH. I WANT(ED) to believe more gloom and doom was going to happen in MH and certain other pockets, but it just hasn’t happened and the more I look in those neighborhoods, I just don’t see it happening to truly GREAT homes. There will always be that crappy house in MH that sells way below what it did in 05, but I don’t want to live there anyhow.

I do know lots of folks who are underwater, and if they lost their jobs, they would be screwed, but none of them are in MH. I also know A LOT of couples who have dual incomes, both making 150k+ and only live on one income, banking the rest. Some of them own business or work for themselves and have pretty downturn resistant jobs. A lot of people in MH have tons of equity in their homes either having lived there for 30 years, or a lot of late 30s, 40s bought early and as they moved up, put all the accrued equity into their 1M+ homes. Its not anectdotal, you can look up their loan amounts.[/quote]

I don’t need to look them up, zzz. I believe you. I have three good friends who have owned in MH a very long time and have spent many a holiday at their homes. All are retired now and none are even remotely nearing “distress” and there has been little to no distress around them. I will stop short of saying there is no distress in MH because I think there were a few instances of speculation during the bubble where flippers tried to rehab but the cost to do it right proved to be too high (considering the inflated prices they paid) and the numbers ended up not working out for them so they walked away.

In addition, I have very much enjoyed the SOHO tours when they cover that area and have toured many beautifully restored properties in MH.

I wish you the very best of luck on your concentrated search in MH for your future residence, zzz. It’s a quiet, convenient and wonderful place to live, young or old!

[bearishgurl]

[quote=zzz]BG, agree on what you said about MH. I WANT(ED) to believe more gloom and doom was going to happen in MH and certain other pockets, but it just hasn’t happened and the more I look in those neighborhoods, I just don’t see it happening to truly GREAT homes. There will always be that crappy house in MH that sells way below what it did in 05, but I don’t want to live there anyhow.

I do know lots of folks who are underwater, and if they lost their jobs, they would be screwed, but none of them are in MH. I also know A LOT of couples who have dual incomes, both making 150k+ and only live on one income, banking the rest. Some of them own business or work for themselves and have pretty downturn resistant jobs. A lot of people in MH have tons of equity in their homes either having lived there for 30 years, or a lot of late 30s, 40s bought early and as they moved up, put all the accrued equity into their 1M+ homes. Its not anectdotal, you can look up their loan amounts.[/quote]

I don’t need to look them up, zzz. I believe you. I have three good friends who have owned in MH a very long time and have spent many a holiday at their homes. All are retired now and none are even remotely nearing “distress” and there has been little to no distress around them. I will stop short of saying there is no distress in MH because I think there were a few instances of speculation during the bubble where flippers tried to rehab but the cost to do it right proved to be too high (considering the inflated prices they paid) and the numbers ended up not working out for them so they walked away.

In addition, I have very much enjoyed the SOHO tours when they cover that area and have toured many beautifully restored properties in MH.

I wish you the very best of luck on your concentrated search in MH for your future residence, zzz. It’s a quiet, convenient and wonderful place to live, young or old!

[Anonymous]

sdr, how do you know those downpayments were’t made possible by cash our refis?

[Anonymous]

sdr, how do you know those downpayments were’t made possible by cash our refis?

[Anonymous]

sdr, how do you know those downpayments were’t made possible by cash our refis?

[Anonymous]

sdr, how do you know those downpayments were’t made possible by cash our refis?

[Anonymous]

sdr, how do you know those downpayments were’t made possible by cash our refis?

[Anonymous]

sdr, you continue to be so optimistic, yet you apparently believe (like I do) that San Diego case shiller will drop at least 10% in the next two years. If you didn’t belive that, you would have bet me.

[Anonymous]

sdr, you continue to be so optimistic, yet you apparently believe (like I do) that San Diego case shiller will drop at least 10% in the next two years. If you didn’t belive that, you would have bet me.

[Anonymous]

sdr, you continue to be so optimistic, yet you apparently believe (like I do) that San Diego case shiller will drop at least 10% in the next two years. If you didn’t belive that, you would have bet me.

[Anonymous]

sdr, you continue to be so optimistic, yet you apparently believe (like I do) that San Diego case shiller will drop at least 10% in the next two years. If you didn’t belive that, you would have bet me.

[Author]

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