I predict the rate cuts will lead to more inventory

[lendingbubblecontinues]

As always, time will tell…

Massive easing does not necessarily stave off staggering job losses. It will be the loss of jobs and income that are the catalyst to bringing Southern California real estate to it’s knees.

Think outside the box every once in awhile…it just might save your ass someday.

[SD Realtor]

When we had the big inventory numbers in 2006 weren’t there some other posts talking about 30k inventory for 2007?

SD Realtor

[SD Realtor]

When we had the big inventory numbers in 2006 weren’t there some other posts talking about 30k inventory for 2007?

SD Realtor

[SD Realtor]

When we had the big inventory numbers in 2006 weren’t there some other posts talking about 30k inventory for 2007?

SD Realtor

[SD Realtor]

When we had the big inventory numbers in 2006 weren’t there some other posts talking about 30k inventory for 2007?

SD Realtor

[SD Realtor]

When we had the big inventory numbers in 2006 weren’t there some other posts talking about 30k inventory for 2007?

SD Realtor

[JWM in SD]

JWM in SD

“The average San Diegan still thinks housing is a great investment, and a market that has dropped 15% in the last year combined with near record-low interest rates (particularly when the jumbos go conforming) is going to be too much to pass up.”

Well, I will admit that at times I am surprised at who still doesn’t understand what is going on. However, I have noticed a marked shift in people’s attitudes towards SoCal RE. I would dare say that the 60 minutes program may have put the nail in the coffin.

Like I said, unless the price to income ratio changes through wage inflation, the debt is not serviceable, so more and more people will realize that it doesn’t matter how many times they refi it, they will still have to pay the debt.

[JWM in SD]

JWM in SD

“The average San Diegan still thinks housing is a great investment, and a market that has dropped 15% in the last year combined with near record-low interest rates (particularly when the jumbos go conforming) is going to be too much to pass up.”

Well, I will admit that at times I am surprised at who still doesn’t understand what is going on. However, I have noticed a marked shift in people’s attitudes towards SoCal RE. I would dare say that the 60 minutes program may have put the nail in the coffin.

Like I said, unless the price to income ratio changes through wage inflation, the debt is not serviceable, so more and more people will realize that it doesn’t matter how many times they refi it, they will still have to pay the debt.

[JWM in SD]

JWM in SD

“The average San Diegan still thinks housing is a great investment, and a market that has dropped 15% in the last year combined with near record-low interest rates (particularly when the jumbos go conforming) is going to be too much to pass up.”

Well, I will admit that at times I am surprised at who still doesn’t understand what is going on. However, I have noticed a marked shift in people’s attitudes towards SoCal RE. I would dare say that the 60 minutes program may have put the nail in the coffin.

Like I said, unless the price to income ratio changes through wage inflation, the debt is not serviceable, so more and more people will realize that it doesn’t matter how many times they refi it, they will still have to pay the debt.

[JWM in SD]

JWM in SD

“The average San Diegan still thinks housing is a great investment, and a market that has dropped 15% in the last year combined with near record-low interest rates (particularly when the jumbos go conforming) is going to be too much to pass up.”

Well, I will admit that at times I am surprised at who still doesn’t understand what is going on. However, I have noticed a marked shift in people’s attitudes towards SoCal RE. I would dare say that the 60 minutes program may have put the nail in the coffin.

Like I said, unless the price to income ratio changes through wage inflation, the debt is not serviceable, so more and more people will realize that it doesn’t matter how many times they refi it, they will still have to pay the debt.

[JWM in SD]

JWM in SD

“The average San Diegan still thinks housing is a great investment, and a market that has dropped 15% in the last year combined with near record-low interest rates (particularly when the jumbos go conforming) is going to be too much to pass up.”

Well, I will admit that at times I am surprised at who still doesn’t understand what is going on. However, I have noticed a marked shift in people’s attitudes towards SoCal RE. I would dare say that the 60 minutes program may have put the nail in the coffin.

Like I said, unless the price to income ratio changes through wage inflation, the debt is not serviceable, so more and more people will realize that it doesn’t matter how many times they refi it, they will still have to pay the debt.

[JWM in SD]

JWM in SD

Oh yeah, and another thing about San Diegans thinking it’s a great time to buy. Over a year ago, I told all of you that once the MSM get’s hold of this story and SD in particular, they are going to tear into like a mad pit bull. Let’s see, 60 minutes (check), WSJ (check), CNBC (check), FBI (check). Why just this past week someone decided to sue their carlsbad realtor because they didn’t have the buyers best interest in mind…gee, I though SD was this idyllic place in SoCal where no one ever gets ripped off???

Now check this out:
http://www.bubbleinfo.com/journal/2008/2/1/jenae-peckhams-story.html

Wait until this story really hits the MSM right between eyes. When the average San Diegan begins to realize that their entire housing market has been one big fraudulent ponzi scheme for the past several years, you better believe that they are going to go in search of the remaining greater fools still left out there.

Watch and Learn………

[JWM in SD]

JWM in SD

Oh yeah, and another thing about San Diegans thinking it’s a great time to buy. Over a year ago, I told all of you that once the MSM get’s hold of this story and SD in particular, they are going to tear into like a mad pit bull. Let’s see, 60 minutes (check), WSJ (check), CNBC (check), FBI (check). Why just this past week someone decided to sue their carlsbad realtor because they didn’t have the buyers best interest in mind…gee, I though SD was this idyllic place in SoCal where no one ever gets ripped off???

Now check this out:
http://www.bubbleinfo.com/journal/2008/2/1/jenae-peckhams-story.html

Wait until this story really hits the MSM right between eyes. When the average San Diegan begins to realize that their entire housing market has been one big fraudulent ponzi scheme for the past several years, you better believe that they are going to go in search of the remaining greater fools still left out there.

Watch and Learn………

[JWM in SD]

JWM in SD

Oh yeah, and another thing about San Diegans thinking it’s a great time to buy. Over a year ago, I told all of you that once the MSM get’s hold of this story and SD in particular, they are going to tear into like a mad pit bull. Let’s see, 60 minutes (check), WSJ (check), CNBC (check), FBI (check). Why just this past week someone decided to sue their carlsbad realtor because they didn’t have the buyers best interest in mind…gee, I though SD was this idyllic place in SoCal where no one ever gets ripped off???

Now check this out:
http://www.bubbleinfo.com/journal/2008/2/1/jenae-peckhams-story.html

Wait until this story really hits the MSM right between eyes. When the average San Diegan begins to realize that their entire housing market has been one big fraudulent ponzi scheme for the past several years, you better believe that they are going to go in search of the remaining greater fools still left out there.

Watch and Learn………

[JWM in SD]

JWM in SD

Oh yeah, and another thing about San Diegans thinking it’s a great time to buy. Over a year ago, I told all of you that once the MSM get’s hold of this story and SD in particular, they are going to tear into like a mad pit bull. Let’s see, 60 minutes (check), WSJ (check), CNBC (check), FBI (check). Why just this past week someone decided to sue their carlsbad realtor because they didn’t have the buyers best interest in mind…gee, I though SD was this idyllic place in SoCal where no one ever gets ripped off???

Now check this out:
http://www.bubbleinfo.com/journal/2008/2/1/jenae-peckhams-story.html

Wait until this story really hits the MSM right between eyes. When the average San Diegan begins to realize that their entire housing market has been one big fraudulent ponzi scheme for the past several years, you better believe that they are going to go in search of the remaining greater fools still left out there.

Watch and Learn………

[Author]

Posts