How serious is the seller with the bottom of the listing range?

[sdrealtor]

If i take 290K and compound it by 4% inflation/appreciation per year I get 400k after 8 years. If you beleive your friend paid a fair price in 2000, this one wouldnt seem to be all that far off getting back in line.

[sdrealtor]

If i take 290K and compound it by 4% inflation/appreciation per year I get 400k after 8 years. If you beleive your friend paid a fair price in 2000, this one wouldnt seem to be all that far off getting back in line.

[kev374]

If i take 290K and compound it by 4% inflation/appreciation per year I get 400k after 8 years.

Non-income inflation means nothing for home prices. Infact non-income inflation hurts home prices because it drives down affordability.

Long term averages tie home appreciation to income growth. Income growth in the last 8 yrs has not been anywhere close to 4% compounded. Infact, it has been rather stagnant. In some segments income has been declining whereas inflation in other areas like oil, energy, insurance, healthcare are skyrocketing.

Just to give you an idea…4% compounding in income means that someone earning $75k/yr in 2000, for that exact same job and experience now in 2007 they should be getting $103,000/yr. More than likely that person is getting $80k/yr or so, if that!

[kev374]

If i take 290K and compound it by 4% inflation/appreciation per year I get 400k after 8 years.

Non-income inflation means nothing for home prices. Infact non-income inflation hurts home prices because it drives down affordability.

Long term averages tie home appreciation to income growth. Income growth in the last 8 yrs has not been anywhere close to 4% compounded. Infact, it has been rather stagnant. In some segments income has been declining whereas inflation in other areas like oil, energy, insurance, healthcare are skyrocketing.

Just to give you an idea…4% compounding in income means that someone earning $75k/yr in 2000, for that exact same job and experience now in 2007 they should be getting $103,000/yr. More than likely that person is getting $80k/yr or so, if that!

[kev374]

If i take 290K and compound it by 4% inflation/appreciation per year I get 400k after 8 years.

Non-income inflation means nothing for home prices. Infact non-income inflation hurts home prices because it drives down affordability.

Long term averages tie home appreciation to income growth. Income growth in the last 8 yrs has not been anywhere close to 4% compounded. Infact, it has been rather stagnant. In some segments income has been declining whereas inflation in other areas like oil, energy, insurance, healthcare are skyrocketing.

Just to give you an idea…4% compounding in income means that someone earning $75k/yr in 2000, for that exact same job and experience now in 2007 they should be getting $103,000/yr. More than likely that person is getting $80k/yr or so, if that!

[kev374]

If i take 290K and compound it by 4% inflation/appreciation per year I get 400k after 8 years.

Non-income inflation means nothing for home prices. Infact non-income inflation hurts home prices because it drives down affordability.

Long term averages tie home appreciation to income growth. Income growth in the last 8 yrs has not been anywhere close to 4% compounded. Infact, it has been rather stagnant. In some segments income has been declining whereas inflation in other areas like oil, energy, insurance, healthcare are skyrocketing.

Just to give you an idea…4% compounding in income means that someone earning $75k/yr in 2000, for that exact same job and experience now in 2007 they should be getting $103,000/yr. More than likely that person is getting $80k/yr or so, if that!

[jimmyle]

Hi SDR,

This house is 1626 sq ft. I think most other homes in this area are around 1450 sq ft. 1626 sq ft is probably the minimum that I would buy for a two stories home. Like you, I also think that the bigger ones will be around $450K and the smaller ones will be around $420K in 2008.

Although I don’t think this house will ever go down to below $300K ever. Actually I like sdrealtor method of calculating the “fair” price based on inflation of 4%.

[jimmyle]

Hi SDR,

This house is 1626 sq ft. I think most other homes in this area are around 1450 sq ft. 1626 sq ft is probably the minimum that I would buy for a two stories home. Like you, I also think that the bigger ones will be around $450K and the smaller ones will be around $420K in 2008.

Although I don’t think this house will ever go down to below $300K ever. Actually I like sdrealtor method of calculating the “fair” price based on inflation of 4%.

[jimmyle]

Hi SDR,

This house is 1626 sq ft. I think most other homes in this area are around 1450 sq ft. 1626 sq ft is probably the minimum that I would buy for a two stories home. Like you, I also think that the bigger ones will be around $450K and the smaller ones will be around $420K in 2008.

Although I don’t think this house will ever go down to below $300K ever. Actually I like sdrealtor method of calculating the “fair” price based on inflation of 4%.

[jimmyle]

Hi SDR,

This house is 1626 sq ft. I think most other homes in this area are around 1450 sq ft. 1626 sq ft is probably the minimum that I would buy for a two stories home. Like you, I also think that the bigger ones will be around $450K and the smaller ones will be around $420K in 2008.

Although I don’t think this house will ever go down to below $300K ever. Actually I like sdrealtor method of calculating the “fair” price based on inflation of 4%.

[The OC Scam]

Jimmy

You better jump on that sucka! Those reflective blinds are tight…

[The OC Scam]

Jimmy

You better jump on that sucka! Those reflective blinds are tight…

[The OC Scam]

Jimmy

You better jump on that sucka! Those reflective blinds are tight…

[The OC Scam]

Jimmy

You better jump on that sucka! Those reflective blinds are tight…

[ibjames]

That is exactly something I would buy. Though I would hope to buy it in the 300’s

[Author]

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