long timers

[patientlywaiting]

I read that the average holding period of a house is 5 years (according to NAR). I don’t have the source right off hand but it’s about 5 years if I remember well.

SD Realtor what do the NAR and CAR say?

The periods of loans is even shorter that’s why the industry loves prepayment penalties, points, etc…

[pwilson]

“Sure the retired rock stars and sports stars in Canyon lake that own outright will not have to sell but value is set by the market and the buyers and people move up and down between the demographics.”

There seems to be quite a few families who cashed out of Orange County to live bigger out here; it makes me laugh to see a couple of Bentley’s rolling around. But there are also a bunch of bank owned properties already and in fact the house next to me was part of an appraisal scam! House was on the market forever at 420k, then out of nowhere he gets full price but the loan is written for 720k and 2 months later the lawn is brown. People still want 1m for lakeside dirt though.

Anecdotally, we moved out of Laurel Canyon in LA after only being in a 600k piece of junk for 15 months. I knew people were crazy when we got 719k without listing it. Seems like LA is about to feel the pinch soon.

Btw, I’m not retired just yet!

[pwilson]

“Sure the retired rock stars and sports stars in Canyon lake that own outright will not have to sell but value is set by the market and the buyers and people move up and down between the demographics.”

There seems to be quite a few families who cashed out of Orange County to live bigger out here; it makes me laugh to see a couple of Bentley’s rolling around. But there are also a bunch of bank owned properties already and in fact the house next to me was part of an appraisal scam! House was on the market forever at 420k, then out of nowhere he gets full price but the loan is written for 720k and 2 months later the lawn is brown. People still want 1m for lakeside dirt though.

Anecdotally, we moved out of Laurel Canyon in LA after only being in a 600k piece of junk for 15 months. I knew people were crazy when we got 719k without listing it. Seems like LA is about to feel the pinch soon.

Btw, I’m not retired just yet!

[pwilson]

“Sure the retired rock stars and sports stars in Canyon lake that own outright will not have to sell but value is set by the market and the buyers and people move up and down between the demographics.”

There seems to be quite a few families who cashed out of Orange County to live bigger out here; it makes me laugh to see a couple of Bentley’s rolling around. But there are also a bunch of bank owned properties already and in fact the house next to me was part of an appraisal scam! House was on the market forever at 420k, then out of nowhere he gets full price but the loan is written for 720k and 2 months later the lawn is brown. People still want 1m for lakeside dirt though.

Anecdotally, we moved out of Laurel Canyon in LA after only being in a 600k piece of junk for 15 months. I knew people were crazy when we got 719k without listing it. Seems like LA is about to feel the pinch soon.

Btw, I’m not retired just yet!

[pwilson]

“Sure the retired rock stars and sports stars in Canyon lake that own outright will not have to sell but value is set by the market and the buyers and people move up and down between the demographics.”

There seems to be quite a few families who cashed out of Orange County to live bigger out here; it makes me laugh to see a couple of Bentley’s rolling around. But there are also a bunch of bank owned properties already and in fact the house next to me was part of an appraisal scam! House was on the market forever at 420k, then out of nowhere he gets full price but the loan is written for 720k and 2 months later the lawn is brown. People still want 1m for lakeside dirt though.

Anecdotally, we moved out of Laurel Canyon in LA after only being in a 600k piece of junk for 15 months. I knew people were crazy when we got 719k without listing it. Seems like LA is about to feel the pinch soon.

Btw, I’m not retired just yet!

[pwilson]

“Sure the retired rock stars and sports stars in Canyon lake that own outright will not have to sell but value is set by the market and the buyers and people move up and down between the demographics.”

There seems to be quite a few families who cashed out of Orange County to live bigger out here; it makes me laugh to see a couple of Bentley’s rolling around. But there are also a bunch of bank owned properties already and in fact the house next to me was part of an appraisal scam! House was on the market forever at 420k, then out of nowhere he gets full price but the loan is written for 720k and 2 months later the lawn is brown. People still want 1m for lakeside dirt though.

Anecdotally, we moved out of Laurel Canyon in LA after only being in a 600k piece of junk for 15 months. I knew people were crazy when we got 719k without listing it. Seems like LA is about to feel the pinch soon.

Btw, I’m not retired just yet!

[SD Realtor]

PW I am like the black sheep of CAR and NAR. They don’t like me and I don’t like them although there are some sporadic measures they take that are actually in the interest of the common joe. That said I don’t know what the statistics are. My “guess” would be that whatever the value was in the 70’s/80’s is now less time. 5 years sounds good to me but I think the demographics of a neighborhood plays a big role you know what I mean?

SD Realtor

[SD Realtor]

PW I am like the black sheep of CAR and NAR. They don’t like me and I don’t like them although there are some sporadic measures they take that are actually in the interest of the common joe. That said I don’t know what the statistics are. My “guess” would be that whatever the value was in the 70’s/80’s is now less time. 5 years sounds good to me but I think the demographics of a neighborhood plays a big role you know what I mean?

SD Realtor

[SD Realtor]

PW I am like the black sheep of CAR and NAR. They don’t like me and I don’t like them although there are some sporadic measures they take that are actually in the interest of the common joe. That said I don’t know what the statistics are. My “guess” would be that whatever the value was in the 70’s/80’s is now less time. 5 years sounds good to me but I think the demographics of a neighborhood plays a big role you know what I mean?

SD Realtor

[SD Realtor]

PW I am like the black sheep of CAR and NAR. They don’t like me and I don’t like them although there are some sporadic measures they take that are actually in the interest of the common joe. That said I don’t know what the statistics are. My “guess” would be that whatever the value was in the 70’s/80’s is now less time. 5 years sounds good to me but I think the demographics of a neighborhood plays a big role you know what I mean?

SD Realtor

[SD Realtor]

PW I am like the black sheep of CAR and NAR. They don’t like me and I don’t like them although there are some sporadic measures they take that are actually in the interest of the common joe. That said I don’t know what the statistics are. My “guess” would be that whatever the value was in the 70’s/80’s is now less time. 5 years sounds good to me but I think the demographics of a neighborhood plays a big role you know what I mean?

SD Realtor

[sdrealtor]

FWIW, a while back we looked at several established neighborhoods and the average was 10 years plus in several SD areas we picked. we randomly picked a street and I pulled all the data from the tax records. You cant look at newer neighborhoods because they havent been in existance long enough to know how long people will stay.

[sdrealtor]

FWIW, a while back we looked at several established neighborhoods and the average was 10 years plus in several SD areas we picked. we randomly picked a street and I pulled all the data from the tax records. You cant look at newer neighborhoods because they havent been in existance long enough to know how long people will stay.

[sdrealtor]

FWIW, a while back we looked at several established neighborhoods and the average was 10 years plus in several SD areas we picked. we randomly picked a street and I pulled all the data from the tax records. You cant look at newer neighborhoods because they havent been in existance long enough to know how long people will stay.

[sdrealtor]

FWIW, a while back we looked at several established neighborhoods and the average was 10 years plus in several SD areas we picked. we randomly picked a street and I pulled all the data from the tax records. You cant look at newer neighborhoods because they havent been in existance long enough to know how long people will stay.

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