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Viewing 15 posts - 31 through 45 (of 46 total)
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  • April 11, 2009 at 5:30 PM #380028
    CA renter
    Participant

    Like AK said, there are a lot of “investors” buying right now. IMHO, the market will not stabilize until we get organic demand (real home buyers who are looking for a home).

    “Investor” purchases are future supply. They will be looking to sell or rent these homes out in the future. Be careful, even when things look like they are at the bottom.

    April 11, 2009 at 5:44 PM #379412
    SD Realtor
    Participant

    What we need are for all the REO properties to hit the market. Moreover we need all the properties in default to go REO. Finally we need all the properties (and there are ALOT I believe) that are not in default but SHOULD be in default.

    We need a serious inventory adjustment. I am not as convinced about the new sales being as investor driven as many seem to believe. In fact I think that the percentage of buyers that are investors are surprisingly low. I believe that would apply to SFH more then condos. Note that this is a speculative statement.

    April 11, 2009 at 5:44 PM #379683
    SD Realtor
    Participant

    What we need are for all the REO properties to hit the market. Moreover we need all the properties in default to go REO. Finally we need all the properties (and there are ALOT I believe) that are not in default but SHOULD be in default.

    We need a serious inventory adjustment. I am not as convinced about the new sales being as investor driven as many seem to believe. In fact I think that the percentage of buyers that are investors are surprisingly low. I believe that would apply to SFH more then condos. Note that this is a speculative statement.

    April 11, 2009 at 5:44 PM #379866
    SD Realtor
    Participant

    What we need are for all the REO properties to hit the market. Moreover we need all the properties in default to go REO. Finally we need all the properties (and there are ALOT I believe) that are not in default but SHOULD be in default.

    We need a serious inventory adjustment. I am not as convinced about the new sales being as investor driven as many seem to believe. In fact I think that the percentage of buyers that are investors are surprisingly low. I believe that would apply to SFH more then condos. Note that this is a speculative statement.

    April 11, 2009 at 5:44 PM #379911
    SD Realtor
    Participant

    What we need are for all the REO properties to hit the market. Moreover we need all the properties in default to go REO. Finally we need all the properties (and there are ALOT I believe) that are not in default but SHOULD be in default.

    We need a serious inventory adjustment. I am not as convinced about the new sales being as investor driven as many seem to believe. In fact I think that the percentage of buyers that are investors are surprisingly low. I believe that would apply to SFH more then condos. Note that this is a speculative statement.

    April 11, 2009 at 5:44 PM #380038
    SD Realtor
    Participant

    What we need are for all the REO properties to hit the market. Moreover we need all the properties in default to go REO. Finally we need all the properties (and there are ALOT I believe) that are not in default but SHOULD be in default.

    We need a serious inventory adjustment. I am not as convinced about the new sales being as investor driven as many seem to believe. In fact I think that the percentage of buyers that are investors are surprisingly low. I believe that would apply to SFH more then condos. Note that this is a speculative statement.

    April 13, 2009 at 1:25 AM #379923
    CA renter
    Participant

    SDR,

    I’m seeing flippers! They’re coming out of the woodwork, it seems.

    We’ll remain on this here comfy fence as long as they are driving the market. 😉

    April 13, 2009 at 1:25 AM #380197
    CA renter
    Participant

    SDR,

    I’m seeing flippers! They’re coming out of the woodwork, it seems.

    We’ll remain on this here comfy fence as long as they are driving the market. 😉

    April 13, 2009 at 1:25 AM #380381
    CA renter
    Participant

    SDR,

    I’m seeing flippers! They’re coming out of the woodwork, it seems.

    We’ll remain on this here comfy fence as long as they are driving the market. 😉

    April 13, 2009 at 1:25 AM #380428
    CA renter
    Participant

    SDR,

    I’m seeing flippers! They’re coming out of the woodwork, it seems.

    We’ll remain on this here comfy fence as long as they are driving the market. 😉

    April 13, 2009 at 1:25 AM #380556
    CA renter
    Participant

    SDR,

    I’m seeing flippers! They’re coming out of the woodwork, it seems.

    We’ll remain on this here comfy fence as long as they are driving the market. 😉

    April 13, 2009 at 8:27 AM #379963
    SD Realtor
    Participant

    CAR yes there are flippers out there. A guy called me this weekend and he bought a place on I think it was Vineyard for 192K and wanted to sell it for 270k about about 20k in upgrades. I laughed.

    The smart flippers are the ones who do it right and purchase at the trustee sales. Lots of rookies getting back in the game now.

    Still though from my own perspective I don’t have any personally and I think that perhaps as a percentage of the buyers for many types of properties it is still relatively low. Now maybe in some areas like Oceanside the percentage is definitely higher.

    Consider my statement ammended!

    April 13, 2009 at 8:27 AM #380236
    SD Realtor
    Participant

    CAR yes there are flippers out there. A guy called me this weekend and he bought a place on I think it was Vineyard for 192K and wanted to sell it for 270k about about 20k in upgrades. I laughed.

    The smart flippers are the ones who do it right and purchase at the trustee sales. Lots of rookies getting back in the game now.

    Still though from my own perspective I don’t have any personally and I think that perhaps as a percentage of the buyers for many types of properties it is still relatively low. Now maybe in some areas like Oceanside the percentage is definitely higher.

    Consider my statement ammended!

    April 13, 2009 at 8:27 AM #380421
    SD Realtor
    Participant

    CAR yes there are flippers out there. A guy called me this weekend and he bought a place on I think it was Vineyard for 192K and wanted to sell it for 270k about about 20k in upgrades. I laughed.

    The smart flippers are the ones who do it right and purchase at the trustee sales. Lots of rookies getting back in the game now.

    Still though from my own perspective I don’t have any personally and I think that perhaps as a percentage of the buyers for many types of properties it is still relatively low. Now maybe in some areas like Oceanside the percentage is definitely higher.

    Consider my statement ammended!

    April 13, 2009 at 8:27 AM #380468
    SD Realtor
    Participant

    CAR yes there are flippers out there. A guy called me this weekend and he bought a place on I think it was Vineyard for 192K and wanted to sell it for 270k about about 20k in upgrades. I laughed.

    The smart flippers are the ones who do it right and purchase at the trustee sales. Lots of rookies getting back in the game now.

    Still though from my own perspective I don’t have any personally and I think that perhaps as a percentage of the buyers for many types of properties it is still relatively low. Now maybe in some areas like Oceanside the percentage is definitely higher.

    Consider my statement ammended!

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