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  • April 30, 2009 at 11:55 AM #390925
    Coronita
    Participant

    [quote=AN][quote=flu]
    Oh, I wouldn’t mind a home in del mar. Most likely it would need to be torn down and rebuilt for me though…
    Maybe if I win the lotto or find another job at the next Web 3.0 company with a spectacular ipo.

    In the meanwhile, I’m pretty content with my naggy HOA :)[/quote]
    2600-2800 sq-ft in CV goes for 800k-1M right now. I did a quick search and there are several 800k-1M in Del Mar that’s west of the 5. Would be nice if these drop to 650k :-).[/quote]

    Yeah i know. Seems like things around 700-800k are moving. Things 800+ aren’t as fast. Well that was when the conforming+ loans were in their 5’s…

    I wonder with the latest rates, if we’ll start seeing activity.

    If SD’s conforming+ rate is going to be $697k….You can borrow $870k with 20% down…Just wondering if this puts more people into the market… If SD ever goes to the $729k limit, then we’re looking at a loan of $910k with 20% down.
    Even in this economy, I’m wondering if there are people sidelined who would be buying because the can now get ta conforming+ loan for some of the more costly homes.

    http://www.trustrealestatesolutions.com/Blog/Revised-2009-San-Diego-County-conforming-loan-Limits

    Sigh, it’s going to be a trickle trickle trickle i fear.

    April 30, 2009 at 1:40 PM #390351
    jpinpb
    Participant

    There’s a difference between not getting offers b/c you’re priced too high and not getting offers b/c the pool is drained and you’re at bottom.

    April 30, 2009 at 1:40 PM #390615
    jpinpb
    Participant

    There’s a difference between not getting offers b/c you’re priced too high and not getting offers b/c the pool is drained and you’re at bottom.

    April 30, 2009 at 1:40 PM #390822
    jpinpb
    Participant

    There’s a difference between not getting offers b/c you’re priced too high and not getting offers b/c the pool is drained and you’re at bottom.

    April 30, 2009 at 1:40 PM #390873
    jpinpb
    Participant

    There’s a difference between not getting offers b/c you’re priced too high and not getting offers b/c the pool is drained and you’re at bottom.

    April 30, 2009 at 1:40 PM #391016
    jpinpb
    Participant

    There’s a difference between not getting offers b/c you’re priced too high and not getting offers b/c the pool is drained and you’re at bottom.

    April 30, 2009 at 1:56 PM #390371
    NotCranky
    Participant

    [quote=jpinpb]There’s a difference between not getting offers b/c you’re priced too high and not getting offers b/c the pool is drained and you’re at bottom. [/quote]
    Can you explain more what you mean? What comments are you directing this to?

    April 30, 2009 at 1:56 PM #390635
    NotCranky
    Participant

    [quote=jpinpb]There’s a difference between not getting offers b/c you’re priced too high and not getting offers b/c the pool is drained and you’re at bottom. [/quote]
    Can you explain more what you mean? What comments are you directing this to?

    April 30, 2009 at 1:56 PM #390842
    NotCranky
    Participant

    [quote=jpinpb]There’s a difference between not getting offers b/c you’re priced too high and not getting offers b/c the pool is drained and you’re at bottom. [/quote]
    Can you explain more what you mean? What comments are you directing this to?

    April 30, 2009 at 1:56 PM #390893
    NotCranky
    Participant

    [quote=jpinpb]There’s a difference between not getting offers b/c you’re priced too high and not getting offers b/c the pool is drained and you’re at bottom. [/quote]
    Can you explain more what you mean? What comments are you directing this to?

    April 30, 2009 at 1:56 PM #391036
    NotCranky
    Participant

    [quote=jpinpb]There’s a difference between not getting offers b/c you’re priced too high and not getting offers b/c the pool is drained and you’re at bottom. [/quote]
    Can you explain more what you mean? What comments are you directing this to?

    April 30, 2009 at 2:15 PM #390401
    jpinpb
    Participant

    AN – said I made no sense.

    Really all I can compare it to is my experience of the ’90’s. I mean, Carmel Valley was not less desirable back then. Yet I had my place listed for a year w/no offers. Explain that. It was bottom. There was no question. I mean, I didn’t even get a lowball. That house was fairly new. I mean back in the ’90’s, much of Carmel Valley was new.

    I want to say no one was buying. There wasn’t bidding wars. The only thing that was selling was foreclosures. And back then, there was not a mega bubble like today. Places were foreclosed and sold for 25% off peak in CV. So 25% off something that wasn’t a mega bubble. And that was if you were lucky to find someone w/the means to buy it.

    Rates were still fairly low, like around 6 or under, which for prices back then, it’s low, but lending was tighter.

    But we didn’t have government intervention, so that is a factor to consider.

    April 30, 2009 at 2:15 PM #390665
    jpinpb
    Participant

    AN – said I made no sense.

    Really all I can compare it to is my experience of the ’90’s. I mean, Carmel Valley was not less desirable back then. Yet I had my place listed for a year w/no offers. Explain that. It was bottom. There was no question. I mean, I didn’t even get a lowball. That house was fairly new. I mean back in the ’90’s, much of Carmel Valley was new.

    I want to say no one was buying. There wasn’t bidding wars. The only thing that was selling was foreclosures. And back then, there was not a mega bubble like today. Places were foreclosed and sold for 25% off peak in CV. So 25% off something that wasn’t a mega bubble. And that was if you were lucky to find someone w/the means to buy it.

    Rates were still fairly low, like around 6 or under, which for prices back then, it’s low, but lending was tighter.

    But we didn’t have government intervention, so that is a factor to consider.

    April 30, 2009 at 2:15 PM #390872
    jpinpb
    Participant

    AN – said I made no sense.

    Really all I can compare it to is my experience of the ’90’s. I mean, Carmel Valley was not less desirable back then. Yet I had my place listed for a year w/no offers. Explain that. It was bottom. There was no question. I mean, I didn’t even get a lowball. That house was fairly new. I mean back in the ’90’s, much of Carmel Valley was new.

    I want to say no one was buying. There wasn’t bidding wars. The only thing that was selling was foreclosures. And back then, there was not a mega bubble like today. Places were foreclosed and sold for 25% off peak in CV. So 25% off something that wasn’t a mega bubble. And that was if you were lucky to find someone w/the means to buy it.

    Rates were still fairly low, like around 6 or under, which for prices back then, it’s low, but lending was tighter.

    But we didn’t have government intervention, so that is a factor to consider.

    April 30, 2009 at 2:15 PM #390923
    jpinpb
    Participant

    AN – said I made no sense.

    Really all I can compare it to is my experience of the ’90’s. I mean, Carmel Valley was not less desirable back then. Yet I had my place listed for a year w/no offers. Explain that. It was bottom. There was no question. I mean, I didn’t even get a lowball. That house was fairly new. I mean back in the ’90’s, much of Carmel Valley was new.

    I want to say no one was buying. There wasn’t bidding wars. The only thing that was selling was foreclosures. And back then, there was not a mega bubble like today. Places were foreclosed and sold for 25% off peak in CV. So 25% off something that wasn’t a mega bubble. And that was if you were lucky to find someone w/the means to buy it.

    Rates were still fairly low, like around 6 or under, which for prices back then, it’s low, but lending was tighter.

    But we didn’t have government intervention, so that is a factor to consider.

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