I am in Escrow, but extremely nervous now…what should I do.

[andymajumder]

I understand that….it is unsettling times, I came to the conclusion that FED would forcibly inflate our way through this, after all this is helicopter Ben in charge and everything he has done so far indicates that he believes deflation is a much bigger threat than inflation and reducing the value of our debt through infaltion is something he will continue to attempt.

If the bond market does collapse, what affect will that have on the dollar, wouldn’t that crash too…in that case in dollar denomination home prices might go up even though the dollar will be worth much less…

[andymajumder]

Its late 2003 price…so its not that great a deal, there’s a big difference between early 2003 prices and late (nov-dec 2003) prices…in fact the demand in the market for sub 500K houses is very strong (at least till the tax credits are there) and its almost impossible to get early 2003 price in Rancho Bernardo, 4S Ranch, Poway or Scripps Ranch unless the house has some serious issues.

[andymajumder]

Its late 2003 price…so its not that great a deal, there’s a big difference between early 2003 prices and late (nov-dec 2003) prices…in fact the demand in the market for sub 500K houses is very strong (at least till the tax credits are there) and its almost impossible to get early 2003 price in Rancho Bernardo, 4S Ranch, Poway or Scripps Ranch unless the house has some serious issues.

[andymajumder]

Its late 2003 price…so its not that great a deal, there’s a big difference between early 2003 prices and late (nov-dec 2003) prices…in fact the demand in the market for sub 500K houses is very strong (at least till the tax credits are there) and its almost impossible to get early 2003 price in Rancho Bernardo, 4S Ranch, Poway or Scripps Ranch unless the house has some serious issues.

[andymajumder]

Its late 2003 price…so its not that great a deal, there’s a big difference between early 2003 prices and late (nov-dec 2003) prices…in fact the demand in the market for sub 500K houses is very strong (at least till the tax credits are there) and its almost impossible to get early 2003 price in Rancho Bernardo, 4S Ranch, Poway or Scripps Ranch unless the house has some serious issues.

[andymajumder]

Its late 2003 price…so its not that great a deal, there’s a big difference between early 2003 prices and late (nov-dec 2003) prices…in fact the demand in the market for sub 500K houses is very strong (at least till the tax credits are there) and its almost impossible to get early 2003 price in Rancho Bernardo, 4S Ranch, Poway or Scripps Ranch unless the house has some serious issues.

[ctr70]

I’m also making offers in central SD on the lower end (planning to eventually move out and turn into rental). I wonder if there is a “mini-bubble” from the tax credit (ends Friday). I’ve waited this long to buy, wondering if waiting another 3 days until the tax credit to expire would be smart:) People have a sense of urgency b/c of the tax credit and are willing to get in bidding wars driving a house up by $30k just to get a $8k credit! FHA buyers get crazy and they are tough to compete with. We have not seen a housing market with NO tax credit in like 2 years, so it may be interesting post tax credit. You couple the strong possibility of more inventory and it seems like the market has a high probability of softening in the 2nd half of 2010.

I’m looking at stuff that is more 2002 price points. I think the better parts of North County have not come down past 2003 yet.

When I study all the sold comps in the areas I’m looking in, you can REALLY see how the low end bottomed in 2009…in early 2009 people were getting stuff for 2000/2001 prices, especially when they paid cash.

[ctr70]

I’m also making offers in central SD on the lower end (planning to eventually move out and turn into rental). I wonder if there is a “mini-bubble” from the tax credit (ends Friday). I’ve waited this long to buy, wondering if waiting another 3 days until the tax credit to expire would be smart:) People have a sense of urgency b/c of the tax credit and are willing to get in bidding wars driving a house up by $30k just to get a $8k credit! FHA buyers get crazy and they are tough to compete with. We have not seen a housing market with NO tax credit in like 2 years, so it may be interesting post tax credit. You couple the strong possibility of more inventory and it seems like the market has a high probability of softening in the 2nd half of 2010.

I’m looking at stuff that is more 2002 price points. I think the better parts of North County have not come down past 2003 yet.

When I study all the sold comps in the areas I’m looking in, you can REALLY see how the low end bottomed in 2009…in early 2009 people were getting stuff for 2000/2001 prices, especially when they paid cash.

[ctr70]

I’m also making offers in central SD on the lower end (planning to eventually move out and turn into rental). I wonder if there is a “mini-bubble” from the tax credit (ends Friday). I’ve waited this long to buy, wondering if waiting another 3 days until the tax credit to expire would be smart:) People have a sense of urgency b/c of the tax credit and are willing to get in bidding wars driving a house up by $30k just to get a $8k credit! FHA buyers get crazy and they are tough to compete with. We have not seen a housing market with NO tax credit in like 2 years, so it may be interesting post tax credit. You couple the strong possibility of more inventory and it seems like the market has a high probability of softening in the 2nd half of 2010.

I’m looking at stuff that is more 2002 price points. I think the better parts of North County have not come down past 2003 yet.

When I study all the sold comps in the areas I’m looking in, you can REALLY see how the low end bottomed in 2009…in early 2009 people were getting stuff for 2000/2001 prices, especially when they paid cash.

[ctr70]

I’m also making offers in central SD on the lower end (planning to eventually move out and turn into rental). I wonder if there is a “mini-bubble” from the tax credit (ends Friday). I’ve waited this long to buy, wondering if waiting another 3 days until the tax credit to expire would be smart:) People have a sense of urgency b/c of the tax credit and are willing to get in bidding wars driving a house up by $30k just to get a $8k credit! FHA buyers get crazy and they are tough to compete with. We have not seen a housing market with NO tax credit in like 2 years, so it may be interesting post tax credit. You couple the strong possibility of more inventory and it seems like the market has a high probability of softening in the 2nd half of 2010.

I’m looking at stuff that is more 2002 price points. I think the better parts of North County have not come down past 2003 yet.

When I study all the sold comps in the areas I’m looking in, you can REALLY see how the low end bottomed in 2009…in early 2009 people were getting stuff for 2000/2001 prices, especially when they paid cash.

[ctr70]

I’m also making offers in central SD on the lower end (planning to eventually move out and turn into rental). I wonder if there is a “mini-bubble” from the tax credit (ends Friday). I’ve waited this long to buy, wondering if waiting another 3 days until the tax credit to expire would be smart:) People have a sense of urgency b/c of the tax credit and are willing to get in bidding wars driving a house up by $30k just to get a $8k credit! FHA buyers get crazy and they are tough to compete with. We have not seen a housing market with NO tax credit in like 2 years, so it may be interesting post tax credit. You couple the strong possibility of more inventory and it seems like the market has a high probability of softening in the 2nd half of 2010.

I’m looking at stuff that is more 2002 price points. I think the better parts of North County have not come down past 2003 yet.

When I study all the sold comps in the areas I’m looking in, you can REALLY see how the low end bottomed in 2009…in early 2009 people were getting stuff for 2000/2001 prices, especially when they paid cash.

[(former)FormerSanDiegan]

What is your monthly PITI plus hoa ?
What could you get in rent for this property ?

If these numbers are reasonably close (e.g. rent being within a couple hundred bucks of PITI plus hoa) then you are in a good long-term position buying today at 2003 prices.

[(former)FormerSanDiegan]

What is your monthly PITI plus hoa ?
What could you get in rent for this property ?

If these numbers are reasonably close (e.g. rent being within a couple hundred bucks of PITI plus hoa) then you are in a good long-term position buying today at 2003 prices.

[(former)FormerSanDiegan]

What is your monthly PITI plus hoa ?
What could you get in rent for this property ?

If these numbers are reasonably close (e.g. rent being within a couple hundred bucks of PITI plus hoa) then you are in a good long-term position buying today at 2003 prices.

[(former)FormerSanDiegan]

What is your monthly PITI plus hoa ?
What could you get in rent for this property ?

If these numbers are reasonably close (e.g. rent being within a couple hundred bucks of PITI plus hoa) then you are in a good long-term position buying today at 2003 prices.

[Author]

Posts