How much further will the SD market go down.

[ibjames]

I understand what you are saying Rustico, that you can find deals in markets like this by poking and prodding and getting prices you would not think is possible due to sellers just looking for a way to get out. They see the writing on the wall..

What I’m saying is that if you don’t find one of those deals, it isn’t the right time to buy in most areas.

I am finding myself hoping that some areas fall harder than people thought they would and I end up buying something I didn’t think I would be able to buy in the first place.

If I was hipmatt, who is in Temecula, I would be poking all over the place to see if I could find a deal, since the prices are so close to making sense there

[(former)FormerSanDiegan]

JWM in SD –

I don’t understand your comments … One could have a high LTV loan in which the payment is 28% or so of one’s income and qualify based on traditional lending standards. Fast-forward a few years when prices come down in line with incomes.
Do you not think that at some point in the next few years that housing prices will revert to being somewhat affordable ?

[(former)FormerSanDiegan]

JWM in SD –

I don’t understand your comments … One could have a high LTV loan in which the payment is 28% or so of one’s income and qualify based on traditional lending standards. Fast-forward a few years when prices come down in line with incomes.
Do you not think that at some point in the next few years that housing prices will revert to being somewhat affordable ?

[(former)FormerSanDiegan]

JWM in SD –

I don’t understand your comments … One could have a high LTV loan in which the payment is 28% or so of one’s income and qualify based on traditional lending standards. Fast-forward a few years when prices come down in line with incomes.
Do you not think that at some point in the next few years that housing prices will revert to being somewhat affordable ?

[(former)FormerSanDiegan]

JWM in SD –

I don’t understand your comments … One could have a high LTV loan in which the payment is 28% or so of one’s income and qualify based on traditional lending standards. Fast-forward a few years when prices come down in line with incomes.
Do you not think that at some point in the next few years that housing prices will revert to being somewhat affordable ?

[(former)FormerSanDiegan]

JWM in SD –

I don’t understand your comments … One could have a high LTV loan in which the payment is 28% or so of one’s income and qualify based on traditional lending standards. Fast-forward a few years when prices come down in line with incomes.
Do you not think that at some point in the next few years that housing prices will revert to being somewhat affordable ?

[NotCranky]

ibjames. You have it right James, For the buyer that you are . Thanks for the feedback. I bet you do the right thing for your situation. I hope so.
The situation I am talking about are not for every one. It is for more people than one might think. I new a bunch of single people who bought cheap houses and condos in questionable neighborhoods a long time before the bottom and stole them relative to rents. Not to sound sexist but I think men have and advantage in this.

There are the type of people like you describe that just want out. It looks like this might be happening on a lot near me.I’d probably buy it if they were to take my wishing price but I am afraid of being out of balance with rural properties,even with just two because I am not rich and dirt doesn’t cash flow. Maybe someone else will take it that way.

I agree with your suggestion to Matt. I’d patiently slam them 10-20% off unless he thinks his target area is a neighborhood that hasn’t been hit as hard it should be yet. Maybe the market keeps coming down to meet the offer maybe you get one done with an interest rate less than 6% and get on with life. I wouldn’t overwork the real estate agent just drop one every month or two or send out a bunch contingent on viewing the property and all the normal contingencies. Hipmatt knows the neighborhood as well as anyone so it is his call.

JWM Former San Diego answered your question as well as I could have. I am curious about your answer to his question as well.

Contraman if you check back in can you post your email again or send one to [email protected]. I’d like to ask you a question about a loan niche.

Thanks

[NotCranky]

ibjames. You have it right James, For the buyer that you are . Thanks for the feedback. I bet you do the right thing for your situation. I hope so.
The situation I am talking about are not for every one. It is for more people than one might think. I new a bunch of single people who bought cheap houses and condos in questionable neighborhoods a long time before the bottom and stole them relative to rents. Not to sound sexist but I think men have and advantage in this.

There are the type of people like you describe that just want out. It looks like this might be happening on a lot near me.I’d probably buy it if they were to take my wishing price but I am afraid of being out of balance with rural properties,even with just two because I am not rich and dirt doesn’t cash flow. Maybe someone else will take it that way.

I agree with your suggestion to Matt. I’d patiently slam them 10-20% off unless he thinks his target area is a neighborhood that hasn’t been hit as hard it should be yet. Maybe the market keeps coming down to meet the offer maybe you get one done with an interest rate less than 6% and get on with life. I wouldn’t overwork the real estate agent just drop one every month or two or send out a bunch contingent on viewing the property and all the normal contingencies. Hipmatt knows the neighborhood as well as anyone so it is his call.

JWM Former San Diego answered your question as well as I could have. I am curious about your answer to his question as well.

Contraman if you check back in can you post your email again or send one to [email protected]. I’d like to ask you a question about a loan niche.

Thanks

[NotCranky]

ibjames. You have it right James, For the buyer that you are . Thanks for the feedback. I bet you do the right thing for your situation. I hope so.
The situation I am talking about are not for every one. It is for more people than one might think. I new a bunch of single people who bought cheap houses and condos in questionable neighborhoods a long time before the bottom and stole them relative to rents. Not to sound sexist but I think men have and advantage in this.

There are the type of people like you describe that just want out. It looks like this might be happening on a lot near me.I’d probably buy it if they were to take my wishing price but I am afraid of being out of balance with rural properties,even with just two because I am not rich and dirt doesn’t cash flow. Maybe someone else will take it that way.

I agree with your suggestion to Matt. I’d patiently slam them 10-20% off unless he thinks his target area is a neighborhood that hasn’t been hit as hard it should be yet. Maybe the market keeps coming down to meet the offer maybe you get one done with an interest rate less than 6% and get on with life. I wouldn’t overwork the real estate agent just drop one every month or two or send out a bunch contingent on viewing the property and all the normal contingencies. Hipmatt knows the neighborhood as well as anyone so it is his call.

JWM Former San Diego answered your question as well as I could have. I am curious about your answer to his question as well.

Contraman if you check back in can you post your email again or send one to [email protected]. I’d like to ask you a question about a loan niche.

Thanks

[NotCranky]

ibjames. You have it right James, For the buyer that you are . Thanks for the feedback. I bet you do the right thing for your situation. I hope so.
The situation I am talking about are not for every one. It is for more people than one might think. I new a bunch of single people who bought cheap houses and condos in questionable neighborhoods a long time before the bottom and stole them relative to rents. Not to sound sexist but I think men have and advantage in this.

There are the type of people like you describe that just want out. It looks like this might be happening on a lot near me.I’d probably buy it if they were to take my wishing price but I am afraid of being out of balance with rural properties,even with just two because I am not rich and dirt doesn’t cash flow. Maybe someone else will take it that way.

I agree with your suggestion to Matt. I’d patiently slam them 10-20% off unless he thinks his target area is a neighborhood that hasn’t been hit as hard it should be yet. Maybe the market keeps coming down to meet the offer maybe you get one done with an interest rate less than 6% and get on with life. I wouldn’t overwork the real estate agent just drop one every month or two or send out a bunch contingent on viewing the property and all the normal contingencies. Hipmatt knows the neighborhood as well as anyone so it is his call.

JWM Former San Diego answered your question as well as I could have. I am curious about your answer to his question as well.

Contraman if you check back in can you post your email again or send one to [email protected]. I’d like to ask you a question about a loan niche.

Thanks

[NotCranky]

ibjames. You have it right James, For the buyer that you are . Thanks for the feedback. I bet you do the right thing for your situation. I hope so.
The situation I am talking about are not for every one. It is for more people than one might think. I new a bunch of single people who bought cheap houses and condos in questionable neighborhoods a long time before the bottom and stole them relative to rents. Not to sound sexist but I think men have and advantage in this.

There are the type of people like you describe that just want out. It looks like this might be happening on a lot near me.I’d probably buy it if they were to take my wishing price but I am afraid of being out of balance with rural properties,even with just two because I am not rich and dirt doesn’t cash flow. Maybe someone else will take it that way.

I agree with your suggestion to Matt. I’d patiently slam them 10-20% off unless he thinks his target area is a neighborhood that hasn’t been hit as hard it should be yet. Maybe the market keeps coming down to meet the offer maybe you get one done with an interest rate less than 6% and get on with life. I wouldn’t overwork the real estate agent just drop one every month or two or send out a bunch contingent on viewing the property and all the normal contingencies. Hipmatt knows the neighborhood as well as anyone so it is his call.

JWM Former San Diego answered your question as well as I could have. I am curious about your answer to his question as well.

Contraman if you check back in can you post your email again or send one to [email protected]. I’d like to ask you a question about a loan niche.

Thanks

[contraman]

Rustico,

[email protected]

Sincerely, Contraman

[contraman]

Rustico,

[email protected]

Sincerely, Contraman

[contraman]

Rustico,

[email protected]

Sincerely, Contraman

[contraman]

Rustico,

[email protected]

Sincerely, Contraman

[Author]

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