How fast will the bounce back be?

[no_such_reality]

There are a lot of people who got a taste of not working for a living and who are sitting on the sidelines trying to work the REO flips and such right now. By the time this drags on, I think these people will jump back in at the first opportunity.

That will the be the great Bull Trap of the spring 2008? Maybe 2009? Prices will actually appear to appreciate for a couple quarters, then they’ll expend their energy and the market will again recapitulate.

[no_such_reality]

There are a lot of people who got a taste of not working for a living and who are sitting on the sidelines trying to work the REO flips and such right now. By the time this drags on, I think these people will jump back in at the first opportunity.

That will the be the great Bull Trap of the spring 2008? Maybe 2009? Prices will actually appear to appreciate for a couple quarters, then they’ll expend their energy and the market will again recapitulate.

[no_such_reality]

There are a lot of people who got a taste of not working for a living and who are sitting on the sidelines trying to work the REO flips and such right now. By the time this drags on, I think these people will jump back in at the first opportunity.

That will the be the great Bull Trap of the spring 2008? Maybe 2009? Prices will actually appear to appreciate for a couple quarters, then they’ll expend their energy and the market will again recapitulate.

[no_such_reality]

There are a lot of people who got a taste of not working for a living and who are sitting on the sidelines trying to work the REO flips and such right now. By the time this drags on, I think these people will jump back in at the first opportunity.

That will the be the great Bull Trap of the spring 2008? Maybe 2009? Prices will actually appear to appreciate for a couple quarters, then they’ll expend their energy and the market will again recapitulate.

[Eugene]

Would you consider a 4BR/3BA 2300 sq ft nicely upgraded home built in 1987 with a 2 car garge, no HOA or Mello Roos with a nice size lot in the Encinitas/San Dieguito school district that would rent for $2500/month for $440k affordable. If not, at what price?

Right now the cheapest listed 4br in Encinitas is $569k, the cheapest listed 4br in 92009 is $550k, and the median price for all 4br houses in the area is around $700k.

So even ignoring the fact that a duplex is not a real SFR, $440k is a fluke and the market as a whole isn’t there yet.

BTW there are a few inconsistencies.
* Zillow says the duplex is 6br (3+3?)
* How can it be 4600 sq ft if neighboring houses with the same footprint are 2500-2700 sq ft?

[Eugene]

Would you consider a 4BR/3BA 2300 sq ft nicely upgraded home built in 1987 with a 2 car garge, no HOA or Mello Roos with a nice size lot in the Encinitas/San Dieguito school district that would rent for $2500/month for $440k affordable. If not, at what price?

Right now the cheapest listed 4br in Encinitas is $569k, the cheapest listed 4br in 92009 is $550k, and the median price for all 4br houses in the area is around $700k.

So even ignoring the fact that a duplex is not a real SFR, $440k is a fluke and the market as a whole isn’t there yet.

BTW there are a few inconsistencies.
* Zillow says the duplex is 6br (3+3?)
* How can it be 4600 sq ft if neighboring houses with the same footprint are 2500-2700 sq ft?

[Eugene]

Would you consider a 4BR/3BA 2300 sq ft nicely upgraded home built in 1987 with a 2 car garge, no HOA or Mello Roos with a nice size lot in the Encinitas/San Dieguito school district that would rent for $2500/month for $440k affordable. If not, at what price?

Right now the cheapest listed 4br in Encinitas is $569k, the cheapest listed 4br in 92009 is $550k, and the median price for all 4br houses in the area is around $700k.

So even ignoring the fact that a duplex is not a real SFR, $440k is a fluke and the market as a whole isn’t there yet.

BTW there are a few inconsistencies.
* Zillow says the duplex is 6br (3+3?)
* How can it be 4600 sq ft if neighboring houses with the same footprint are 2500-2700 sq ft?

[Eugene]

Would you consider a 4BR/3BA 2300 sq ft nicely upgraded home built in 1987 with a 2 car garge, no HOA or Mello Roos with a nice size lot in the Encinitas/San Dieguito school district that would rent for $2500/month for $440k affordable. If not, at what price?

Right now the cheapest listed 4br in Encinitas is $569k, the cheapest listed 4br in 92009 is $550k, and the median price for all 4br houses in the area is around $700k.

So even ignoring the fact that a duplex is not a real SFR, $440k is a fluke and the market as a whole isn’t there yet.

BTW there are a few inconsistencies.
* Zillow says the duplex is 6br (3+3?)
* How can it be 4600 sq ft if neighboring houses with the same footprint are 2500-2700 sq ft?

[Eugene]

Would you consider a 4BR/3BA 2300 sq ft nicely upgraded home built in 1987 with a 2 car garge, no HOA or Mello Roos with a nice size lot in the Encinitas/San Dieguito school district that would rent for $2500/month for $440k affordable. If not, at what price?

Right now the cheapest listed 4br in Encinitas is $569k, the cheapest listed 4br in 92009 is $550k, and the median price for all 4br houses in the area is around $700k.

So even ignoring the fact that a duplex is not a real SFR, $440k is a fluke and the market as a whole isn’t there yet.

BTW there are a few inconsistencies.
* Zillow says the duplex is 6br (3+3?)
* How can it be 4600 sq ft if neighboring houses with the same footprint are 2500-2700 sq ft?

[sdrealtor]

esmith,
I agree it was a fluke but that’s my job. Finding the best deals out there. I dint say it was the rule yet. I just wondered what the crowd around here thought of it as a value. I also wanted to prove the point made by a few other posters that cash opportunities arent that far off, if you know where and how to find them.

To answer your questions, it was listed as 3BR plus a bonus/den (which could easily have been a 4th BR). I was in it. The lot was about 13,000 sq ft which makes for large backyards when you knock off the typical 5 to 7 ft setback on each side yard.

[sdrealtor]

esmith,
I agree it was a fluke but that’s my job. Finding the best deals out there. I dint say it was the rule yet. I just wondered what the crowd around here thought of it as a value. I also wanted to prove the point made by a few other posters that cash opportunities arent that far off, if you know where and how to find them.

To answer your questions, it was listed as 3BR plus a bonus/den (which could easily have been a 4th BR). I was in it. The lot was about 13,000 sq ft which makes for large backyards when you knock off the typical 5 to 7 ft setback on each side yard.

[sdrealtor]

esmith,
I agree it was a fluke but that’s my job. Finding the best deals out there. I dint say it was the rule yet. I just wondered what the crowd around here thought of it as a value. I also wanted to prove the point made by a few other posters that cash opportunities arent that far off, if you know where and how to find them.

To answer your questions, it was listed as 3BR plus a bonus/den (which could easily have been a 4th BR). I was in it. The lot was about 13,000 sq ft which makes for large backyards when you knock off the typical 5 to 7 ft setback on each side yard.

[sdrealtor]

esmith,
I agree it was a fluke but that’s my job. Finding the best deals out there. I dint say it was the rule yet. I just wondered what the crowd around here thought of it as a value. I also wanted to prove the point made by a few other posters that cash opportunities arent that far off, if you know where and how to find them.

To answer your questions, it was listed as 3BR plus a bonus/den (which could easily have been a 4th BR). I was in it. The lot was about 13,000 sq ft which makes for large backyards when you knock off the typical 5 to 7 ft setback on each side yard.

[sdrealtor]

esmith,
I agree it was a fluke but that’s my job. Finding the best deals out there. I dint say it was the rule yet. I just wondered what the crowd around here thought of it as a value. I also wanted to prove the point made by a few other posters that cash opportunities arent that far off, if you know where and how to find them.

To answer your questions, it was listed as 3BR plus a bonus/den (which could easily have been a 4th BR). I was in it. The lot was about 13,000 sq ft which makes for large backyards when you knock off the typical 5 to 7 ft setback on each side yard.

[NotCranky]

“I also wanted to prove the point made by a few other posters that cash opportunities arent that far off, if you know where and how to find them.”

Oh hell, our “biases” are starting to lineup;).

[Author]

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