Mira Mesa, Calle Cristobal house for under $500K

[patientlywaiting]

DWCAP, the points that you make sound very intuitive to me. Makes sense.

Would should try to forecast what the average Joe will do. Most people don’t understand amortization, taxes, or anything. They have a blurry concept of tax “write-off” (deductions). But in the end, Average Joe wants money in his pocket. When that is not forthcoming in terms of equity, he will quit buying.

When public sentiment makes a 180 it’ll be hard to turn the ship around again.

[patientlywaiting]

DWCAP, the points that you make sound very intuitive to me. Makes sense.

Would should try to forecast what the average Joe will do. Most people don’t understand amortization, taxes, or anything. They have a blurry concept of tax “write-off” (deductions). But in the end, Average Joe wants money in his pocket. When that is not forthcoming in terms of equity, he will quit buying.

When public sentiment makes a 180 it’ll be hard to turn the ship around again.

[gn]

A couple of things:

1. This listing is a short sale (I just talked to the listing agent). So, the listing price may not reflect the current market conditions in MM.

2. However, in the second half of this year, we’ll see houses in MM similar to this house listed for under $500k that are NOT short sales.

[gn]

A couple of things:

1. This listing is a short sale (I just talked to the listing agent). So, the listing price may not reflect the current market conditions in MM.

2. However, in the second half of this year, we’ll see houses in MM similar to this house listed for under $500k that are NOT short sales.

[gn]

A couple of things:

1. This listing is a short sale (I just talked to the listing agent). So, the listing price may not reflect the current market conditions in MM.

2. However, in the second half of this year, we’ll see houses in MM similar to this house listed for under $500k that are NOT short sales.

[gn]

A couple of things:

1. This listing is a short sale (I just talked to the listing agent). So, the listing price may not reflect the current market conditions in MM.

2. However, in the second half of this year, we’ll see houses in MM similar to this house listed for under $500k that are NOT short sales.

[gn]

A couple of things:

1. This listing is a short sale (I just talked to the listing agent). So, the listing price may not reflect the current market conditions in MM.

2. However, in the second half of this year, we’ll see houses in MM similar to this house listed for under $500k that are NOT short sales.

[temeculaguy]

DWCAP, patient, et al., I think you are onto something here, J6PK may be the key. On the way up, our kind ran the numbers and thought it was out of whack and overpriced in 2003 or 2004. J6PK, kept it going far beyond what we thought was silly. As the numbers reverse, we do the same math and the minute we think it has hit the fundamental balance, from that point it will be another year or two before J6PK realizes it as well, so the bottom won’t be the bottom just because our calculators say it is, so it is just as likely to overcorrect as drastically as it rose because J6PK’s inability to borrow even when he realizes the time is right. It is very possible that the coming 24 months might have a situation where the stars line up and cash nuetral or cash positive rentals are a reality.

Now I need to find a good local dive bar so I can make some new friends and be able to take the pulse of J6PK.

[temeculaguy]

DWCAP, patient, et al., I think you are onto something here, J6PK may be the key. On the way up, our kind ran the numbers and thought it was out of whack and overpriced in 2003 or 2004. J6PK, kept it going far beyond what we thought was silly. As the numbers reverse, we do the same math and the minute we think it has hit the fundamental balance, from that point it will be another year or two before J6PK realizes it as well, so the bottom won’t be the bottom just because our calculators say it is, so it is just as likely to overcorrect as drastically as it rose because J6PK’s inability to borrow even when he realizes the time is right. It is very possible that the coming 24 months might have a situation where the stars line up and cash nuetral or cash positive rentals are a reality.

Now I need to find a good local dive bar so I can make some new friends and be able to take the pulse of J6PK.

[temeculaguy]

DWCAP, patient, et al., I think you are onto something here, J6PK may be the key. On the way up, our kind ran the numbers and thought it was out of whack and overpriced in 2003 or 2004. J6PK, kept it going far beyond what we thought was silly. As the numbers reverse, we do the same math and the minute we think it has hit the fundamental balance, from that point it will be another year or two before J6PK realizes it as well, so the bottom won’t be the bottom just because our calculators say it is, so it is just as likely to overcorrect as drastically as it rose because J6PK’s inability to borrow even when he realizes the time is right. It is very possible that the coming 24 months might have a situation where the stars line up and cash nuetral or cash positive rentals are a reality.

Now I need to find a good local dive bar so I can make some new friends and be able to take the pulse of J6PK.

[temeculaguy]

DWCAP, patient, et al., I think you are onto something here, J6PK may be the key. On the way up, our kind ran the numbers and thought it was out of whack and overpriced in 2003 or 2004. J6PK, kept it going far beyond what we thought was silly. As the numbers reverse, we do the same math and the minute we think it has hit the fundamental balance, from that point it will be another year or two before J6PK realizes it as well, so the bottom won’t be the bottom just because our calculators say it is, so it is just as likely to overcorrect as drastically as it rose because J6PK’s inability to borrow even when he realizes the time is right. It is very possible that the coming 24 months might have a situation where the stars line up and cash nuetral or cash positive rentals are a reality.

Now I need to find a good local dive bar so I can make some new friends and be able to take the pulse of J6PK.

[temeculaguy]

DWCAP, patient, et al., I think you are onto something here, J6PK may be the key. On the way up, our kind ran the numbers and thought it was out of whack and overpriced in 2003 or 2004. J6PK, kept it going far beyond what we thought was silly. As the numbers reverse, we do the same math and the minute we think it has hit the fundamental balance, from that point it will be another year or two before J6PK realizes it as well, so the bottom won’t be the bottom just because our calculators say it is, so it is just as likely to overcorrect as drastically as it rose because J6PK’s inability to borrow even when he realizes the time is right. It is very possible that the coming 24 months might have a situation where the stars line up and cash nuetral or cash positive rentals are a reality.

Now I need to find a good local dive bar so I can make some new friends and be able to take the pulse of J6PK.

[Coronita]

It took me awhile to figure out what J6PK stood for. I'm a little slow today 🙂

 

Stupid question. Where do you folks go to find pretty accurate information about rent, besides just browsing classifieds , craigslist, etc?

 

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

It took me awhile to figure out what J6PK stood for. I'm a little slow today 🙂

 

Stupid question. Where do you folks go to find pretty accurate information about rent, besides just browsing classifieds , craigslist, etc?

 

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

It took me awhile to figure out what J6PK stood for. I'm a little slow today 🙂

 

Stupid question. Where do you folks go to find pretty accurate information about rent, besides just browsing classifieds , craigslist, etc?

 

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Author]

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