- This topic has 175 replies, 22 voices, and was last updated 11 years, 9 months ago by
(former)FormerSanDiegan.
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June 4, 2012 at 3:32 PM #745018June 4, 2012 at 7:46 PM #745036
SD Realtor
ParticipantThose damn flippers….
June 5, 2012 at 12:30 AM #745048
CoronitaParticipantWell here’s your new listing of the day in Mira Mesa… Seriously… 1 listing…
Also checkout the description carefully
June 5, 2012 at 9:36 AM #745057SD Transplant
Participantthe latest Redfin survey/sentiment pretty much supports the claims that prices are expected to go up:
June 5, 2012 at 10:50 AM #745061Jazzman
Participant“49% of respondents believe now is a good time to buy, down from 56% last quarte…”
“60% cite low inventory as a primary reason not to buy this year, down from 63% last quarter…”
“64% of all respondents had said they would be “disciplined” in a bidding war, paying only a little more…”
So buyer interest is waning, with low inventory being a probable cause, yet most would still pay over asking. This is why predictions are so useless.
You can’t define “on fire”, because it is emotive and belongs to world of hyperbole. The only important thing to understand is low rates and inventory are driving this, which does not make it a good time to buy, but most don’t realize that.
June 5, 2012 at 11:40 AM #745063sdrealtor
ParticipantI used a little hyperbole to get people talking about RE again on this blog. It worked. What is going on out there can be labeled whatever one wants to. Houses priced at or close to recent closed comps are selling quickly with multiple offers. Prices are going up and its hard to even get a decent house. Saying its not a good time to buy is equally emotive. If prices continue going up, folks who waited things out will look back with regret. If they dont go up and rates stay level while inventory improves they will feel redeemed. I’m out in the streets on this one and my guy says the former. Only time will tell but we will get to discuss it all in excruciating detail. Isnt this fun?
June 5, 2012 at 2:12 PM #745069The-Shoveler
ParticipantMe I think as long as Europe does not drag us down into a bottomless hole, housing should recover slowly.
But I had to share this just because of the title.
This guy has a different opinion.Your House Is in a Wealth Spiral
http://www.fool.com/investing/general/2012/06/05/your-house-is-in-a-wealth-spiral.aspxJune 5, 2012 at 5:01 PM #745076Participant[quote=sdrealtor]I used a little hyperbole to get people talking about RE again on this blog. It worked. What is going on out there can be labeled whatever one wants to. Houses priced at or close to recent closed comps are selling quickly with multiple offers. Prices are going up and its hard to even get a decent house. Saying its not a good time to buy is equally emotive. If prices continue going up, folks who waited things out will look back with regret. If they dont go up and rates stay level while inventory improves they will feel redeemed. I’m out in the streets on this one and my guy says the former. Only time will tell but we will get to discuss it all in excruciating detail. Isnt this fun?[/quote]
Saying it is not a good time to buy is honest, because I have no vested interest. If a fireman says homes are “on fire” that is also honest. When a Realtor says it …well, he can’t really claim to be solely an agent provocateur, because most realize he is likely defending his livelihood.June 5, 2012 at 5:16 PM #745078ParticipantThan what was I doing when I said it wasnt a good time to buy? Was I dishonest then also? If not how do you explain this abrupt change from honesty to dishonesty?
June 5, 2012 at 5:17 PM #745079an
Participant[quote=sdrealtor]Than what was I doing when I said it wasnt a good time to buy? Was I dishonest then also? If not how do you explain this abrupt change from honesty to dishonesty?[/quote]
Don’t you get it? Since you’re a Realtor, you’re only honest when I agree with you and you’re dishonest when I don’t. It’s that simple.June 5, 2012 at 9:17 PM #745104ltsddd
Participant[quote=The-Shoveler]Me I think as long as Europe does not drag us down into a bottomless hole, housing should recover slowly.
But I had to share this just because of the title.
This guy has a different opinion.Your House Is in a Wealth Spiral
http://www.fool.com/investing/general/2012/06/05/your-house-is-in-a-wealth-spiral.aspx%5B/quote%5DYou’re not suggesting that we should believe what one of those “Fools” had to say about the housing market, do you? How dare for the guy to say such things about the housing market when I bet that he wasn’t out on the street looking at properties everyday. Can’t trust a guy and his research if all he did is study and analyze information he found on the internet. If you want honest, reliable information about the housing market, which is on fire, you should consult with the experts we have here on this forum. I tell you the market is on fire.
June 5, 2012 at 9:58 PM #745107Participantdeleted
June 5, 2012 at 10:06 PM #745103Participantdelete
June 5, 2012 at 10:42 PM #745112CoronitaParticipantWow…piggington is sure turning into a pissing match…
June 5, 2012 at 10:45 PM #745113utcsox
Participant[quote=bearishgurl][quote=sdrealtor]If you haven’t bid on, won and closed on a house in the last 30 to 60 days you are operating on yesterday’s news. It was what it was. It ain’t anymore. It is what it is.
How is that for a gaggle of cliches?[/quote]
Yes, I also believe that submarkets can change on a dime. They can also fall in popularity on a dime. That dime is only as shiny as the nearby job market is stable and lucrative.
MM is only “semi-hot” today because of nearby well-paying jobs. There are really no other “redeeming qualities” in MM construction over and above other SD County submarkets. If companies close to MM should relocate or decide to import H1B workers instead, MM will fall in value commensurate.[/quote]
bearishgurl, MM is close to the home of one of the biggest and successful company in the world is one redeeming quality you CANNOT ignore. In addition, MM is located closed to the freeway, beach, and fairly close to the other job centers in San Diego, i.e, UTC. Isn’t real estate is always about “location, location, and location”? Really, who care if is there any “redeeming qualities” in MM construction? You are NOT buying a house in San Marino or South Pasadena. You are buying a house in MM! No offense to those of you who own in MM.
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