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patientrenter.
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July 11, 2009 at 2:39 PM #429207July 11, 2009 at 5:46 PM #428488
CA renter
Participant[quote=Nor-LA-SD-guy]”not selling at real market prices ”
I should say maybe more correctly
Homes at the low to mid end are selling at a substantial discount to their real value.[/quote]
How are you calculating “real value”?
July 11, 2009 at 5:46 PM #428712CA renter
Participant[quote=Nor-LA-SD-guy]”not selling at real market prices ”
I should say maybe more correctly
Homes at the low to mid end are selling at a substantial discount to their real value.[/quote]
How are you calculating “real value”?
July 11, 2009 at 5:46 PM #429000CA renter
Participant[quote=Nor-LA-SD-guy]”not selling at real market prices ”
I should say maybe more correctly
Homes at the low to mid end are selling at a substantial discount to their real value.[/quote]
How are you calculating “real value”?
July 11, 2009 at 5:46 PM #429072CA renter
Participant[quote=Nor-LA-SD-guy]”not selling at real market prices ”
I should say maybe more correctly
Homes at the low to mid end are selling at a substantial discount to their real value.[/quote]
How are you calculating “real value”?
July 11, 2009 at 5:46 PM #429231CA renter
Participant[quote=Nor-LA-SD-guy]”not selling at real market prices ”
I should say maybe more correctly
Homes at the low to mid end are selling at a substantial discount to their real value.[/quote]
How are you calculating “real value”?
July 11, 2009 at 6:23 PM #428497patientrenter
Participant[quote=CA renter]……How are you calculating “real value”?[/quote]
Is it the price you REALly want? I want to earn $10 million a year. But, alas, I am earning less than my real value. Seriously, No-LA-SD-guy, if you are claiming that prices in a market segment are below their long-term trend values, or something like that, then bring the data. For example, the current prices for that market segment and the trend back through at least the bottom of the last cycle (1996), or preferably through a few cycles (so back to 1980, maybe).
July 11, 2009 at 6:23 PM #428721patientrenter
Participant[quote=CA renter]……How are you calculating “real value”?[/quote]
Is it the price you REALly want? I want to earn $10 million a year. But, alas, I am earning less than my real value. Seriously, No-LA-SD-guy, if you are claiming that prices in a market segment are below their long-term trend values, or something like that, then bring the data. For example, the current prices for that market segment and the trend back through at least the bottom of the last cycle (1996), or preferably through a few cycles (so back to 1980, maybe).
July 11, 2009 at 6:23 PM #429009patientrenter
Participant[quote=CA renter]……How are you calculating “real value”?[/quote]
Is it the price you REALly want? I want to earn $10 million a year. But, alas, I am earning less than my real value. Seriously, No-LA-SD-guy, if you are claiming that prices in a market segment are below their long-term trend values, or something like that, then bring the data. For example, the current prices for that market segment and the trend back through at least the bottom of the last cycle (1996), or preferably through a few cycles (so back to 1980, maybe).
July 11, 2009 at 6:23 PM #429082patientrenter
Participant[quote=CA renter]……How are you calculating “real value”?[/quote]
Is it the price you REALly want? I want to earn $10 million a year. But, alas, I am earning less than my real value. Seriously, No-LA-SD-guy, if you are claiming that prices in a market segment are below their long-term trend values, or something like that, then bring the data. For example, the current prices for that market segment and the trend back through at least the bottom of the last cycle (1996), or preferably through a few cycles (so back to 1980, maybe).
July 11, 2009 at 6:23 PM #429240patientrenter
Participant[quote=CA renter]……How are you calculating “real value”?[/quote]
Is it the price you REALly want? I want to earn $10 million a year. But, alas, I am earning less than my real value. Seriously, No-LA-SD-guy, if you are claiming that prices in a market segment are below their long-term trend values, or something like that, then bring the data. For example, the current prices for that market segment and the trend back through at least the bottom of the last cycle (1996), or preferably through a few cycles (so back to 1980, maybe).
July 12, 2009 at 10:17 AM #428583Nor-LA-SD-guy
Participant[quote=patientrenter][quote=CA renter]……How are you calculating “real value”?[/quote]
Is it the price you REALly want? I want to earn $10 million a year. But, alas, I am earning less than my real value. Seriously, No-LA-SD-guy, if you are claiming that prices in a market segment are below their long-term trend values, or something like that, then bring the data. For example, the current prices for that market segment and the trend back through at least the bottom of the last cycle (1996), or preferably through a few cycles (so back to 1980, maybe).[/quote]
OK well I will admit its just educated guess work mostly, but I would say the real value of a home (without adding more than minimum location premium) is the cost to build (including all fees, roads, schools, fire, police etc…) Plus about 7 to 10 percent.
( That is why I corrected that it is not necessarily market value but real value).
Let say your in TG’s neighborhood (just to pick one that’s easy)
If your building with any quality the structure is going to cost at least $50 to $75 a sqf (flooring alone can set you back $3 to $6 or more a sqf if it’s of any quality).
Building on a hill always cost more so add about $10 a sqf.
Add in the fees and roads etc.. and you’re over a $100 a sqf easy.
And that’s without any location premium.
I would say when you start to see at least 70% organic sales then you are getting close to real value again.
Again these are just my armature guesses.
July 12, 2009 at 10:17 AM #428806Nor-LA-SD-guy
Participant[quote=patientrenter][quote=CA renter]……How are you calculating “real value”?[/quote]
Is it the price you REALly want? I want to earn $10 million a year. But, alas, I am earning less than my real value. Seriously, No-LA-SD-guy, if you are claiming that prices in a market segment are below their long-term trend values, or something like that, then bring the data. For example, the current prices for that market segment and the trend back through at least the bottom of the last cycle (1996), or preferably through a few cycles (so back to 1980, maybe).[/quote]
OK well I will admit its just educated guess work mostly, but I would say the real value of a home (without adding more than minimum location premium) is the cost to build (including all fees, roads, schools, fire, police etc…) Plus about 7 to 10 percent.
( That is why I corrected that it is not necessarily market value but real value).
Let say your in TG’s neighborhood (just to pick one that’s easy)
If your building with any quality the structure is going to cost at least $50 to $75 a sqf (flooring alone can set you back $3 to $6 or more a sqf if it’s of any quality).
Building on a hill always cost more so add about $10 a sqf.
Add in the fees and roads etc.. and you’re over a $100 a sqf easy.
And that’s without any location premium.
I would say when you start to see at least 70% organic sales then you are getting close to real value again.
Again these are just my armature guesses.
July 12, 2009 at 10:17 AM #429095Nor-LA-SD-guy
Participant[quote=patientrenter][quote=CA renter]……How are you calculating “real value”?[/quote]
Is it the price you REALly want? I want to earn $10 million a year. But, alas, I am earning less than my real value. Seriously, No-LA-SD-guy, if you are claiming that prices in a market segment are below their long-term trend values, or something like that, then bring the data. For example, the current prices for that market segment and the trend back through at least the bottom of the last cycle (1996), or preferably through a few cycles (so back to 1980, maybe).[/quote]
OK well I will admit its just educated guess work mostly, but I would say the real value of a home (without adding more than minimum location premium) is the cost to build (including all fees, roads, schools, fire, police etc…) Plus about 7 to 10 percent.
( That is why I corrected that it is not necessarily market value but real value).
Let say your in TG’s neighborhood (just to pick one that’s easy)
If your building with any quality the structure is going to cost at least $50 to $75 a sqf (flooring alone can set you back $3 to $6 or more a sqf if it’s of any quality).
Building on a hill always cost more so add about $10 a sqf.
Add in the fees and roads etc.. and you’re over a $100 a sqf easy.
And that’s without any location premium.
I would say when you start to see at least 70% organic sales then you are getting close to real value again.
Again these are just my armature guesses.
July 12, 2009 at 10:17 AM #429166Nor-LA-SD-guy
Participant[quote=patientrenter][quote=CA renter]……How are you calculating “real value”?[/quote]
Is it the price you REALly want? I want to earn $10 million a year. But, alas, I am earning less than my real value. Seriously, No-LA-SD-guy, if you are claiming that prices in a market segment are below their long-term trend values, or something like that, then bring the data. For example, the current prices for that market segment and the trend back through at least the bottom of the last cycle (1996), or preferably through a few cycles (so back to 1980, maybe).[/quote]
OK well I will admit its just educated guess work mostly, but I would say the real value of a home (without adding more than minimum location premium) is the cost to build (including all fees, roads, schools, fire, police etc…) Plus about 7 to 10 percent.
( That is why I corrected that it is not necessarily market value but real value).
Let say your in TG’s neighborhood (just to pick one that’s easy)
If your building with any quality the structure is going to cost at least $50 to $75 a sqf (flooring alone can set you back $3 to $6 or more a sqf if it’s of any quality).
Building on a hill always cost more so add about $10 a sqf.
Add in the fees and roads etc.. and you’re over a $100 a sqf easy.
And that’s without any location premium.
I would say when you start to see at least 70% organic sales then you are getting close to real value again.
Again these are just my armature guesses.
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