Housing won’t hit bottom ’til 2012

[pemeliza]

Glad to see all talk about MH. zzz, are you talking about:

http://www.sdlookup.com/MLS-100060115-1256_Upas_St_San_Diego_CA_92103

Love that area but I still like north MH a little better. To add a bit to the MH strength of hands argument. I live in a pocket of homes in north MH that is full of family pass downs. Lots of $2M peak valued homes with tax values under 200k. The houses are probably worth low 1M$ now and I suppose if someone needed out they would sell for that because they have equity. On the other hand, the annual taxes are under $2000. Even houses that sold at the peak for $2M seem to be in very strong hands and the buyers put very large downpayments down. Also, many of the homes that sold in the last 10 years have been restored and have the Mills Act in place resulting in low property taxes. Yes, there are some people that got in over their head but many of those properties have already sold as REOs over the last couple of years, many over list price with bidding wars. Still the market is certainly not strong by any stretch and still very vulnerable given the current economy. In all I think it is a good time to try to find a deal in MH but you will likely not be the only buyer looking as zzz points out.

[bearishgurl]

[quote=pemeliza]Glad to see all talk about MH. zzz, are you talking about:

http://www.sdlookup.com/MLS-100060115-1256_Upas_St_San_Diego_CA_92103

Love that area but I still like north MH a little better.[/quote]

Yeah, Hillcrest, just west of Morley Field. LUV that Insinkerator sprayer mounted over the kitchen sink, lol!

[bearishgurl]

[quote=pemeliza]Glad to see all talk about MH. zzz, are you talking about:

http://www.sdlookup.com/MLS-100060115-1256_Upas_St_San_Diego_CA_92103

Love that area but I still like north MH a little better.[/quote]

Yeah, Hillcrest, just west of Morley Field. LUV that Insinkerator sprayer mounted over the kitchen sink, lol!

[bearishgurl]

[quote=pemeliza]Glad to see all talk about MH. zzz, are you talking about:

http://www.sdlookup.com/MLS-100060115-1256_Upas_St_San_Diego_CA_92103

Love that area but I still like north MH a little better.[/quote]

Yeah, Hillcrest, just west of Morley Field. LUV that Insinkerator sprayer mounted over the kitchen sink, lol!

[bearishgurl]

[quote=pemeliza]Glad to see all talk about MH. zzz, are you talking about:

http://www.sdlookup.com/MLS-100060115-1256_Upas_St_San_Diego_CA_92103

Love that area but I still like north MH a little better.[/quote]

Yeah, Hillcrest, just west of Morley Field. LUV that Insinkerator sprayer mounted over the kitchen sink, lol!

[bearishgurl]

[quote=pemeliza]Glad to see all talk about MH. zzz, are you talking about:

http://www.sdlookup.com/MLS-100060115-1256_Upas_St_San_Diego_CA_92103

Love that area but I still like north MH a little better.[/quote]

Yeah, Hillcrest, just west of Morley Field. LUV that Insinkerator sprayer mounted over the kitchen sink, lol!

[Anonymous]

Okay, then do you think median prices in your beloved NCC might drop 10% from Dec 2010 to Dec 2012?

I ask again, how do you know the downpayments weren’t made possible from cash our refis? In case you didn’t know, those were VERY common in the bubble.

Bottom line the stats you have provided so far don’t prove anything. If you really believe that NCC was immune to the gimmick loans then you are truly delusional.

[Anonymous]

Okay, then do you think median prices in your beloved NCC might drop 10% from Dec 2010 to Dec 2012?

I ask again, how do you know the downpayments weren’t made possible from cash our refis? In case you didn’t know, those were VERY common in the bubble.

Bottom line the stats you have provided so far don’t prove anything. If you really believe that NCC was immune to the gimmick loans then you are truly delusional.

[Anonymous]

Okay, then do you think median prices in your beloved NCC might drop 10% from Dec 2010 to Dec 2012?

I ask again, how do you know the downpayments weren’t made possible from cash our refis? In case you didn’t know, those were VERY common in the bubble.

Bottom line the stats you have provided so far don’t prove anything. If you really believe that NCC was immune to the gimmick loans then you are truly delusional.

[Anonymous]

Okay, then do you think median prices in your beloved NCC might drop 10% from Dec 2010 to Dec 2012?

I ask again, how do you know the downpayments weren’t made possible from cash our refis? In case you didn’t know, those were VERY common in the bubble.

Bottom line the stats you have provided so far don’t prove anything. If you really believe that NCC was immune to the gimmick loans then you are truly delusional.

[Anonymous]

Okay, then do you think median prices in your beloved NCC might drop 10% from Dec 2010 to Dec 2012?

I ask again, how do you know the downpayments weren’t made possible from cash our refis? In case you didn’t know, those were VERY common in the bubble.

Bottom line the stats you have provided so far don’t prove anything. If you really believe that NCC was immune to the gimmick loans then you are truly delusional.

[jstoesz]

[quote=sdrealtor]deadzone you are full of shit. You have been completely discredited by facts and all you have is to questions the facts as being distorted or false? They were overwhelming the opposite of what you said. Not even close. I expected a “wow I had no idea that could be true” but instead you fiddle on. I think Case Shiller could very well drop 10% because it is a market wide stat and stats very often dont tell the reality. I dont care if prices are plummeting in Jamul and bringing the C-S index down. I care what is happening in the core markets I work in and those which all the folks here follow. I have beaten you into submission and you now look like a fool. Time to hang em up buddy. You have nothing.[/quote]

Wow, that is rich! I am impressed. Your incapacity for humility and blindness to hypocrisy puts you in a league of bullshitters all your own. Keep up the good work.

And your use of the word “buddy” is positively nauseating. Excellent!

[jstoesz]

[quote=sdrealtor]deadzone you are full of shit. You have been completely discredited by facts and all you have is to questions the facts as being distorted or false? They were overwhelming the opposite of what you said. Not even close. I expected a “wow I had no idea that could be true” but instead you fiddle on. I think Case Shiller could very well drop 10% because it is a market wide stat and stats very often dont tell the reality. I dont care if prices are plummeting in Jamul and bringing the C-S index down. I care what is happening in the core markets I work in and those which all the folks here follow. I have beaten you into submission and you now look like a fool. Time to hang em up buddy. You have nothing.[/quote]

Wow, that is rich! I am impressed. Your incapacity for humility and blindness to hypocrisy puts you in a league of bullshitters all your own. Keep up the good work.

And your use of the word “buddy” is positively nauseating. Excellent!

[jstoesz]

[quote=sdrealtor]deadzone you are full of shit. You have been completely discredited by facts and all you have is to questions the facts as being distorted or false? They were overwhelming the opposite of what you said. Not even close. I expected a “wow I had no idea that could be true” but instead you fiddle on. I think Case Shiller could very well drop 10% because it is a market wide stat and stats very often dont tell the reality. I dont care if prices are plummeting in Jamul and bringing the C-S index down. I care what is happening in the core markets I work in and those which all the folks here follow. I have beaten you into submission and you now look like a fool. Time to hang em up buddy. You have nothing.[/quote]

Wow, that is rich! I am impressed. Your incapacity for humility and blindness to hypocrisy puts you in a league of bullshitters all your own. Keep up the good work.

And your use of the word “buddy” is positively nauseating. Excellent!

[jstoesz]

[quote=sdrealtor]deadzone you are full of shit. You have been completely discredited by facts and all you have is to questions the facts as being distorted or false? They were overwhelming the opposite of what you said. Not even close. I expected a “wow I had no idea that could be true” but instead you fiddle on. I think Case Shiller could very well drop 10% because it is a market wide stat and stats very often dont tell the reality. I dont care if prices are plummeting in Jamul and bringing the C-S index down. I care what is happening in the core markets I work in and those which all the folks here follow. I have beaten you into submission and you now look like a fool. Time to hang em up buddy. You have nothing.[/quote]

Wow, that is rich! I am impressed. Your incapacity for humility and blindness to hypocrisy puts you in a league of bullshitters all your own. Keep up the good work.

And your use of the word “buddy” is positively nauseating. Excellent!

[Author]

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