long timers

[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.

[XBoxBoy]

What I keep wondering is what impact falling prices will have on the long term holders of property. During the last five or six years the attitude has been, “Mom, don’t sell the house, it’s the greatest investment. I know it’s too big for you now that Dad is gone, but please keep the house. It’s a gold mine.” But now the attitude is probably going to change to, “Yeah, there really isn’t much point in continuing to live in the house now that Dad’s gone. If you want to sell it and move into a retirement center, go ahead and do it.”

The problem is that I have no idea how much this psychological shift will translate into an increase in the number of people who want to sell. I’ve been watching La Jolla for several years now, and I can tell you that there are lots of retired empty nesters still living in their houses. But how many will actually change their thinking and put their houses up for sale? Will it be just a couple or a bunch? No idea. I can see it going either way.

XBoxBoy

[XBoxBoy]

What I keep wondering is what impact falling prices will have on the long term holders of property. During the last five or six years the attitude has been, “Mom, don’t sell the house, it’s the greatest investment. I know it’s too big for you now that Dad is gone, but please keep the house. It’s a gold mine.” But now the attitude is probably going to change to, “Yeah, there really isn’t much point in continuing to live in the house now that Dad’s gone. If you want to sell it and move into a retirement center, go ahead and do it.”

The problem is that I have no idea how much this psychological shift will translate into an increase in the number of people who want to sell. I’ve been watching La Jolla for several years now, and I can tell you that there are lots of retired empty nesters still living in their houses. But how many will actually change their thinking and put their houses up for sale? Will it be just a couple or a bunch? No idea. I can see it going either way.

XBoxBoy

[XBoxBoy]

What I keep wondering is what impact falling prices will have on the long term holders of property. During the last five or six years the attitude has been, “Mom, don’t sell the house, it’s the greatest investment. I know it’s too big for you now that Dad is gone, but please keep the house. It’s a gold mine.” But now the attitude is probably going to change to, “Yeah, there really isn’t much point in continuing to live in the house now that Dad’s gone. If you want to sell it and move into a retirement center, go ahead and do it.”

The problem is that I have no idea how much this psychological shift will translate into an increase in the number of people who want to sell. I’ve been watching La Jolla for several years now, and I can tell you that there are lots of retired empty nesters still living in their houses. But how many will actually change their thinking and put their houses up for sale? Will it be just a couple or a bunch? No idea. I can see it going either way.

XBoxBoy

[XBoxBoy]

What I keep wondering is what impact falling prices will have on the long term holders of property. During the last five or six years the attitude has been, “Mom, don’t sell the house, it’s the greatest investment. I know it’s too big for you now that Dad is gone, but please keep the house. It’s a gold mine.” But now the attitude is probably going to change to, “Yeah, there really isn’t much point in continuing to live in the house now that Dad’s gone. If you want to sell it and move into a retirement center, go ahead and do it.”

The problem is that I have no idea how much this psychological shift will translate into an increase in the number of people who want to sell. I’ve been watching La Jolla for several years now, and I can tell you that there are lots of retired empty nesters still living in their houses. But how many will actually change their thinking and put their houses up for sale? Will it be just a couple or a bunch? No idea. I can see it going either way.

XBoxBoy

[XBoxBoy]

What I keep wondering is what impact falling prices will have on the long term holders of property. During the last five or six years the attitude has been, “Mom, don’t sell the house, it’s the greatest investment. I know it’s too big for you now that Dad is gone, but please keep the house. It’s a gold mine.” But now the attitude is probably going to change to, “Yeah, there really isn’t much point in continuing to live in the house now that Dad’s gone. If you want to sell it and move into a retirement center, go ahead and do it.”

The problem is that I have no idea how much this psychological shift will translate into an increase in the number of people who want to sell. I’ve been watching La Jolla for several years now, and I can tell you that there are lots of retired empty nesters still living in their houses. But how many will actually change their thinking and put their houses up for sale? Will it be just a couple or a bunch? No idea. I can see it going either way.

XBoxBoy

[cr]

Do the average tenure rates you guys have found of 5 or 10 years start that term over after a refi or HELOC?

In other words, could there be an unnaccounted number of people facing rising payments who may be forced to sell/foreclose without having bought or sold in the last decade?

[cr]

Do the average tenure rates you guys have found of 5 or 10 years start that term over after a refi or HELOC?

In other words, could there be an unnaccounted number of people facing rising payments who may be forced to sell/foreclose without having bought or sold in the last decade?

[cr]

Do the average tenure rates you guys have found of 5 or 10 years start that term over after a refi or HELOC?

In other words, could there be an unnaccounted number of people facing rising payments who may be forced to sell/foreclose without having bought or sold in the last decade?

[cr]

Do the average tenure rates you guys have found of 5 or 10 years start that term over after a refi or HELOC?

In other words, could there be an unnaccounted number of people facing rising payments who may be forced to sell/foreclose without having bought or sold in the last decade?

[cr]

Do the average tenure rates you guys have found of 5 or 10 years start that term over after a refi or HELOC?

In other words, could there be an unnaccounted number of people facing rising payments who may be forced to sell/foreclose without having bought or sold in the last decade?

[sdrealtor]

Never looked at that. All we looked at is how long they have owned the property. My guess is that the number of long time owners forced to sell would be relatively small. I’m sure there are siome out there but I’d expect it to be a relatively small percentage.

[sdrealtor]

Never looked at that. All we looked at is how long they have owned the property. My guess is that the number of long time owners forced to sell would be relatively small. I’m sure there are siome out there but I’d expect it to be a relatively small percentage.

[sdrealtor]

Never looked at that. All we looked at is how long they have owned the property. My guess is that the number of long time owners forced to sell would be relatively small. I’m sure there are siome out there but I’d expect it to be a relatively small percentage.

[sdrealtor]

Never looked at that. All we looked at is how long they have owned the property. My guess is that the number of long time owners forced to sell would be relatively small. I’m sure there are siome out there but I’d expect it to be a relatively small percentage.

[Author]

Posts