- This topic has 145 replies, 19 voices, and was last updated 16 years, 4 months ago by
peterb.
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August 18, 2008 at 2:21 PM #258724August 18, 2008 at 2:53 PM #258467
CoronitaParticipantOh come on now. Let’s be realistic. the $1 price was in detroit. $1 is still too much. You won’t find something like that around here.
August 18, 2008 at 2:53 PM #258655CoronitaParticipantOh come on now. Let’s be realistic. the $1 price was in detroit. $1 is still too much. You won’t find something like that around here.
August 18, 2008 at 2:53 PM #258668CoronitaParticipantOh come on now. Let’s be realistic. the $1 price was in detroit. $1 is still too much. You won’t find something like that around here.
August 18, 2008 at 2:53 PM #258716CoronitaParticipantOh come on now. Let’s be realistic. the $1 price was in detroit. $1 is still too much. You won’t find something like that around here.
August 18, 2008 at 2:53 PM #258759CoronitaParticipantOh come on now. Let’s be realistic. the $1 price was in detroit. $1 is still too much. You won’t find something like that around here.
August 18, 2008 at 3:00 PM #258472j
ParticipantJust watch the NODs and REOs in the area, once they start going down (a pattern not one or two months) that is the time to buy. Until the foreclosures go down house prices will go down. Riverside has about 10K foreclosures a month that is why houses are getting cheap. Plus unemployment was 8.4% in July in Riverside County.
August 18, 2008 at 3:00 PM #258660ParticipantJust watch the NODs and REOs in the area, once they start going down (a pattern not one or two months) that is the time to buy. Until the foreclosures go down house prices will go down. Riverside has about 10K foreclosures a month that is why houses are getting cheap. Plus unemployment was 8.4% in July in Riverside County.
August 18, 2008 at 3:00 PM #258673ParticipantJust watch the NODs and REOs in the area, once they start going down (a pattern not one or two months) that is the time to buy. Until the foreclosures go down house prices will go down. Riverside has about 10K foreclosures a month that is why houses are getting cheap. Plus unemployment was 8.4% in July in Riverside County.
August 18, 2008 at 3:00 PM #258722ParticipantJust watch the NODs and REOs in the area, once they start going down (a pattern not one or two months) that is the time to buy. Until the foreclosures go down house prices will go down. Riverside has about 10K foreclosures a month that is why houses are getting cheap. Plus unemployment was 8.4% in July in Riverside County.
August 18, 2008 at 3:00 PM #258764ParticipantJust watch the NODs and REOs in the area, once they start going down (a pattern not one or two months) that is the time to buy. Until the foreclosures go down house prices will go down. Riverside has about 10K foreclosures a month that is why houses are getting cheap. Plus unemployment was 8.4% in July in Riverside County.
August 18, 2008 at 3:08 PM #258482(former)FormerSanDiegan
ParticipantJust watch the NODs and REOs in the area, once they start going down (a pattern not one or two months) that is the time to buy.
Prices are likely to have risen before NODs and REOs decline. These are lagging indicators. NODs start to decline after prices start rebounding.
But, it’s certainly not a bad idea to wait until then. You will definitely have a better chance of avoiding any depreciation.FWIW, when we first bought in ’96 there were tons of crappy REOs. It was a great time to buy from regular sellers though because they had to compete with REO pricing, but owner-occupied houses tended to be in much better condition.
August 18, 2008 at 3:08 PM #258670ParticipantJust watch the NODs and REOs in the area, once they start going down (a pattern not one or two months) that is the time to buy.
Prices are likely to have risen before NODs and REOs decline. These are lagging indicators. NODs start to decline after prices start rebounding.
But, it’s certainly not a bad idea to wait until then. You will definitely have a better chance of avoiding any depreciation.FWIW, when we first bought in ’96 there were tons of crappy REOs. It was a great time to buy from regular sellers though because they had to compete with REO pricing, but owner-occupied houses tended to be in much better condition.
August 18, 2008 at 3:08 PM #258683ParticipantJust watch the NODs and REOs in the area, once they start going down (a pattern not one or two months) that is the time to buy.
Prices are likely to have risen before NODs and REOs decline. These are lagging indicators. NODs start to decline after prices start rebounding.
But, it’s certainly not a bad idea to wait until then. You will definitely have a better chance of avoiding any depreciation.FWIW, when we first bought in ’96 there were tons of crappy REOs. It was a great time to buy from regular sellers though because they had to compete with REO pricing, but owner-occupied houses tended to be in much better condition.
August 18, 2008 at 3:08 PM #258731ParticipantJust watch the NODs and REOs in the area, once they start going down (a pattern not one or two months) that is the time to buy.
Prices are likely to have risen before NODs and REOs decline. These are lagging indicators. NODs start to decline after prices start rebounding.
But, it’s certainly not a bad idea to wait until then. You will definitely have a better chance of avoiding any depreciation.FWIW, when we first bought in ’96 there were tons of crappy REOs. It was a great time to buy from regular sellers though because they had to compete with REO pricing, but owner-occupied houses tended to be in much better condition.
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