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February 2, 2010 at 11:59 PM #509223February 3, 2010 at 12:12 AM #508320briansd1Guest
Very good call ocrenter.
I like to say that, to economists, a recovery is any increase from the trough.
But to a lay person, and especially a flipper (or a property ladder climber) a recovery means a return to purchase price + additional funds “invested”.
With years of being underwater ahead, I doubt that many who bought at the peak will last until the “recovery” as most would understand it.
Those peak purchases will nearly ALL get purged then recycled to lower cost basis.
February 3, 2010 at 12:12 AM #508468briansd1GuestVery good call ocrenter.
I like to say that, to economists, a recovery is any increase from the trough.
But to a lay person, and especially a flipper (or a property ladder climber) a recovery means a return to purchase price + additional funds “invested”.
With years of being underwater ahead, I doubt that many who bought at the peak will last until the “recovery” as most would understand it.
Those peak purchases will nearly ALL get purged then recycled to lower cost basis.
February 3, 2010 at 12:12 AM #508881briansd1GuestVery good call ocrenter.
I like to say that, to economists, a recovery is any increase from the trough.
But to a lay person, and especially a flipper (or a property ladder climber) a recovery means a return to purchase price + additional funds “invested”.
With years of being underwater ahead, I doubt that many who bought at the peak will last until the “recovery” as most would understand it.
Those peak purchases will nearly ALL get purged then recycled to lower cost basis.
February 3, 2010 at 12:12 AM #508974briansd1GuestVery good call ocrenter.
I like to say that, to economists, a recovery is any increase from the trough.
But to a lay person, and especially a flipper (or a property ladder climber) a recovery means a return to purchase price + additional funds “invested”.
With years of being underwater ahead, I doubt that many who bought at the peak will last until the “recovery” as most would understand it.
Those peak purchases will nearly ALL get purged then recycled to lower cost basis.
February 3, 2010 at 12:12 AM #509228briansd1GuestVery good call ocrenter.
I like to say that, to economists, a recovery is any increase from the trough.
But to a lay person, and especially a flipper (or a property ladder climber) a recovery means a return to purchase price + additional funds “invested”.
With years of being underwater ahead, I doubt that many who bought at the peak will last until the “recovery” as most would understand it.
Those peak purchases will nearly ALL get purged then recycled to lower cost basis.
February 3, 2010 at 12:18 AM #508325anParticipant[quote=briansd1]
Those peak purchases will nearly ALL get purged then recycled to lower cost basis.[/quote]
Yep, and a lot of it is on the back of us tax payer in the form of loan mods.February 3, 2010 at 12:18 AM #508473anParticipant[quote=briansd1]
Those peak purchases will nearly ALL get purged then recycled to lower cost basis.[/quote]
Yep, and a lot of it is on the back of us tax payer in the form of loan mods.February 3, 2010 at 12:18 AM #508886anParticipant[quote=briansd1]
Those peak purchases will nearly ALL get purged then recycled to lower cost basis.[/quote]
Yep, and a lot of it is on the back of us tax payer in the form of loan mods.February 3, 2010 at 12:18 AM #508979anParticipant[quote=briansd1]
Those peak purchases will nearly ALL get purged then recycled to lower cost basis.[/quote]
Yep, and a lot of it is on the back of us tax payer in the form of loan mods.February 3, 2010 at 12:18 AM #509233anParticipant[quote=briansd1]
Those peak purchases will nearly ALL get purged then recycled to lower cost basis.[/quote]
Yep, and a lot of it is on the back of us tax payer in the form of loan mods.February 3, 2010 at 8:04 AM #508350briansd1GuestIt looks like, so far, the loan mods are only part of the stabilizing government programs.
The re-default rate is nearly universal, but lenders and the government know that. Loan mods keep houses off the market for a while and help put a floor to the bottom.
That only means elongating the recovery period.
We’ll see in 2015/2016 how many peak buyers are still left standing. I suspect that there will be a few a 4S Ranch who have the wherewithal to stay because they rolled over equity from selling elsewhere and intend to stay.
In markets such as Downtown where people bought as pure investment plays, the purging will be painful.
February 3, 2010 at 8:04 AM #508498briansd1GuestIt looks like, so far, the loan mods are only part of the stabilizing government programs.
The re-default rate is nearly universal, but lenders and the government know that. Loan mods keep houses off the market for a while and help put a floor to the bottom.
That only means elongating the recovery period.
We’ll see in 2015/2016 how many peak buyers are still left standing. I suspect that there will be a few a 4S Ranch who have the wherewithal to stay because they rolled over equity from selling elsewhere and intend to stay.
In markets such as Downtown where people bought as pure investment plays, the purging will be painful.
February 3, 2010 at 8:04 AM #508911briansd1GuestIt looks like, so far, the loan mods are only part of the stabilizing government programs.
The re-default rate is nearly universal, but lenders and the government know that. Loan mods keep houses off the market for a while and help put a floor to the bottom.
That only means elongating the recovery period.
We’ll see in 2015/2016 how many peak buyers are still left standing. I suspect that there will be a few a 4S Ranch who have the wherewithal to stay because they rolled over equity from selling elsewhere and intend to stay.
In markets such as Downtown where people bought as pure investment plays, the purging will be painful.
February 3, 2010 at 8:04 AM #509004briansd1GuestIt looks like, so far, the loan mods are only part of the stabilizing government programs.
The re-default rate is nearly universal, but lenders and the government know that. Loan mods keep houses off the market for a while and help put a floor to the bottom.
That only means elongating the recovery period.
We’ll see in 2015/2016 how many peak buyers are still left standing. I suspect that there will be a few a 4S Ranch who have the wherewithal to stay because they rolled over equity from selling elsewhere and intend to stay.
In markets such as Downtown where people bought as pure investment plays, the purging will be painful.
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