Knife catchers jump in

[ibjames]

I was in Clairemont with the Mrs. and we decided to check out a few open houses.. one guy had more open house signs than I had ever seen, my wife and I started to get a kick out of seeing how far out and how many you had to pick up at the end of the day.

The funny thing was the property he had all the signs out for was so expensive.. another realtor thanked us profusely for coming.. I think we were the only ones that came that day

[biggoldbear]

My guess is that prices have simply come down enough to where more people that have wanted to buy a house for a long time, can now finally afford to, not for an investment, to flip, etc.. but just to live in and enjoy. Maybe not the smartest thing right now in case their current income falters, since you can’t cover the mortgage with rent or sell within the next 7+ years without taking a loss, but that is a cost that a lot of people are willing to take to own a home. These are not stocks, and have an intrinsic and sentimental value beyond market price, and I’d guess the majority of those buying now are not doing so because they foresee a huge rise in prices as before, they simply want to own a house and can now finally afford it.

Just my 2 cents (a self admitted knife catcher… in escrow as we speak)

[biggoldbear]

My guess is that prices have simply come down enough to where more people that have wanted to buy a house for a long time, can now finally afford to, not for an investment, to flip, etc.. but just to live in and enjoy. Maybe not the smartest thing right now in case their current income falters, since you can’t cover the mortgage with rent or sell within the next 7+ years without taking a loss, but that is a cost that a lot of people are willing to take to own a home. These are not stocks, and have an intrinsic and sentimental value beyond market price, and I’d guess the majority of those buying now are not doing so because they foresee a huge rise in prices as before, they simply want to own a house and can now finally afford it.

Just my 2 cents (a self admitted knife catcher… in escrow as we speak)

[biggoldbear]

My guess is that prices have simply come down enough to where more people that have wanted to buy a house for a long time, can now finally afford to, not for an investment, to flip, etc.. but just to live in and enjoy. Maybe not the smartest thing right now in case their current income falters, since you can’t cover the mortgage with rent or sell within the next 7+ years without taking a loss, but that is a cost that a lot of people are willing to take to own a home. These are not stocks, and have an intrinsic and sentimental value beyond market price, and I’d guess the majority of those buying now are not doing so because they foresee a huge rise in prices as before, they simply want to own a house and can now finally afford it.

Just my 2 cents (a self admitted knife catcher… in escrow as we speak)

[biggoldbear]

My guess is that prices have simply come down enough to where more people that have wanted to buy a house for a long time, can now finally afford to, not for an investment, to flip, etc.. but just to live in and enjoy. Maybe not the smartest thing right now in case their current income falters, since you can’t cover the mortgage with rent or sell within the next 7+ years without taking a loss, but that is a cost that a lot of people are willing to take to own a home. These are not stocks, and have an intrinsic and sentimental value beyond market price, and I’d guess the majority of those buying now are not doing so because they foresee a huge rise in prices as before, they simply want to own a house and can now finally afford it.

Just my 2 cents (a self admitted knife catcher… in escrow as we speak)

[biggoldbear]

My guess is that prices have simply come down enough to where more people that have wanted to buy a house for a long time, can now finally afford to, not for an investment, to flip, etc.. but just to live in and enjoy. Maybe not the smartest thing right now in case their current income falters, since you can’t cover the mortgage with rent or sell within the next 7+ years without taking a loss, but that is a cost that a lot of people are willing to take to own a home. These are not stocks, and have an intrinsic and sentimental value beyond market price, and I’d guess the majority of those buying now are not doing so because they foresee a huge rise in prices as before, they simply want to own a house and can now finally afford it.

Just my 2 cents (a self admitted knife catcher… in escrow as we speak)

[biggoldbear]

My guess is that prices have simply come down enough to where more people that have wanted to buy a house for a long time, can now finally afford to, not for an investment, to flip, etc.. but just to live in and enjoy. Maybe not the smartest thing right now in case their current income falters, since you can’t cover the mortgage with rent or sell within the next 7+ years without taking a loss, but that is a cost that a lot of people are willing to take to own a home. These are not stocks, and have an intrinsic and sentimental value beyond market price, and I’d guess the majority of those buying now are not doing so because they foresee a huge rise in prices as before, they simply want to own a house and can now finally afford it.

Just my 2 cents (a self admitted knife catcher… in escrow as we speak)

[biggoldbear]

My guess is that prices have simply come down enough to where more people that have wanted to buy a house for a long time, can now finally afford to, not for an investment, to flip, etc.. but just to live in and enjoy. Maybe not the smartest thing right now in case their current income falters, since you can’t cover the mortgage with rent or sell within the next 7+ years without taking a loss, but that is a cost that a lot of people are willing to take to own a home. These are not stocks, and have an intrinsic and sentimental value beyond market price, and I’d guess the majority of those buying now are not doing so because they foresee a huge rise in prices as before, they simply want to own a house and can now finally afford it.

Just my 2 cents (a self admitted knife catcher… in escrow as we speak)

[biggoldbear]

My guess is that prices have simply come down enough to where more people that have wanted to buy a house for a long time, can now finally afford to, not for an investment, to flip, etc.. but just to live in and enjoy. Maybe not the smartest thing right now in case their current income falters, since you can’t cover the mortgage with rent or sell within the next 7+ years without taking a loss, but that is a cost that a lot of people are willing to take to own a home. These are not stocks, and have an intrinsic and sentimental value beyond market price, and I’d guess the majority of those buying now are not doing so because they foresee a huge rise in prices as before, they simply want to own a house and can now finally afford it.

Just my 2 cents (a self admitted knife catcher… in escrow as we speak)

[biggoldbear]

My guess is that prices have simply come down enough to where more people that have wanted to buy a house for a long time, can now finally afford to, not for an investment, to flip, etc.. but just to live in and enjoy. Maybe not the smartest thing right now in case their current income falters, since you can’t cover the mortgage with rent or sell within the next 7+ years without taking a loss, but that is a cost that a lot of people are willing to take to own a home. These are not stocks, and have an intrinsic and sentimental value beyond market price, and I’d guess the majority of those buying now are not doing so because they foresee a huge rise in prices as before, they simply want to own a house and can now finally afford it.

Just my 2 cents (a self admitted knife catcher… in escrow as we speak)

[biggoldbear]

My guess is that prices have simply come down enough to where more people that have wanted to buy a house for a long time, can now finally afford to, not for an investment, to flip, etc.. but just to live in and enjoy. Maybe not the smartest thing right now in case their current income falters, since you can’t cover the mortgage with rent or sell within the next 7+ years without taking a loss, but that is a cost that a lot of people are willing to take to own a home. These are not stocks, and have an intrinsic and sentimental value beyond market price, and I’d guess the majority of those buying now are not doing so because they foresee a huge rise in prices as before, they simply want to own a house and can now finally afford it.

Just my 2 cents (a self admitted knife catcher… in escrow as we speak)

[peterb]

I think this and “investors” buying right now is exactly why there’s some activity in the market of a very slightly positive note. Pent up demand, if you will.
But this does not change the fundementals of the market. It’s getting worse.
As much as many people like to equate all kinds of emotional reasons for purchasing a home, it’s still the biggest single purchase most people make in their lives. And financial decisions of this magnitude should be considered carefully as they can have lasting effects on ones future options in life.

[peterb]

I think this and “investors” buying right now is exactly why there’s some activity in the market of a very slightly positive note. Pent up demand, if you will.
But this does not change the fundementals of the market. It’s getting worse.
As much as many people like to equate all kinds of emotional reasons for purchasing a home, it’s still the biggest single purchase most people make in their lives. And financial decisions of this magnitude should be considered carefully as they can have lasting effects on ones future options in life.

[peterb]

I think this and “investors” buying right now is exactly why there’s some activity in the market of a very slightly positive note. Pent up demand, if you will.
But this does not change the fundementals of the market. It’s getting worse.
As much as many people like to equate all kinds of emotional reasons for purchasing a home, it’s still the biggest single purchase most people make in their lives. And financial decisions of this magnitude should be considered carefully as they can have lasting effects on ones future options in life.

[peterb]

I think this and “investors” buying right now is exactly why there’s some activity in the market of a very slightly positive note. Pent up demand, if you will.
But this does not change the fundementals of the market. It’s getting worse.
As much as many people like to equate all kinds of emotional reasons for purchasing a home, it’s still the biggest single purchase most people make in their lives. And financial decisions of this magnitude should be considered carefully as they can have lasting effects on ones future options in life.

[Author]

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