Mr.Mortgage predicts two bottoms…

[sdduuuude]

Recently I read a comment (I forget where – one of the blogs) that made sense to me, which Mr. Mortgage kind of misses here.

Usually, when the low-end is selling well, it means good things for the move-up market because the sellers of the houses in the low end buy a bigger house.

Mr. Mortgage states that the move-up buyers are nowhere to be found, and the low-end is disconnected from the high end but he doesn’t connect the dots and say why – that it is the poor condition of the low end SELLERS that create the dearth of mid-range buyers.

When banks and underwater homeowners are the sellers of those low-end houses, they aint gonna buy a mid-range house any time soon.

That’s why the markets are disconnected.

I don’t think ther’ll be 2 bottoms. Just 1 long one.

[carlsbadworker]

I completely agree with Mr. Mortgage.

[carlsbadworker]

I completely agree with Mr. Mortgage.

[carlsbadworker]

I completely agree with Mr. Mortgage.

[carlsbadworker]

I completely agree with Mr. Mortgage.

[carlsbadworker]

I completely agree with Mr. Mortgage.

[sdrealtor]

Thanks but I can handle this myself. I am a realist too with a bearish bent. I dont sell my services here as pointed out and I make strong predictions without caveats. Predictions that have again and again been proven out. My beef is with uberbears who missed the timing on things or who conitnue to say eventually I’ll be right. Wake up!!! If you are early you are wrong. if you are late you are wrong. if you are on time, you are right. I dont think there is anyone around here that didnt expect things to go down and to go down hard, present company included. But to claim victory because eventually you will be right is a bunch of nonsense where I come from.

As for Mr Mortgage. The guy bought Casey Serin’s friggin Iamfacingforeclosure.com blog for big bucks. He’s a profiteer…plain and simple. I dont trust him and always suspect his motives because of that.

[sdrealtor]

Thanks but I can handle this myself. I am a realist too with a bearish bent. I dont sell my services here as pointed out and I make strong predictions without caveats. Predictions that have again and again been proven out. My beef is with uberbears who missed the timing on things or who conitnue to say eventually I’ll be right. Wake up!!! If you are early you are wrong. if you are late you are wrong. if you are on time, you are right. I dont think there is anyone around here that didnt expect things to go down and to go down hard, present company included. But to claim victory because eventually you will be right is a bunch of nonsense where I come from.

As for Mr Mortgage. The guy bought Casey Serin’s friggin Iamfacingforeclosure.com blog for big bucks. He’s a profiteer…plain and simple. I dont trust him and always suspect his motives because of that.

[sdrealtor]

Thanks but I can handle this myself. I am a realist too with a bearish bent. I dont sell my services here as pointed out and I make strong predictions without caveats. Predictions that have again and again been proven out. My beef is with uberbears who missed the timing on things or who conitnue to say eventually I’ll be right. Wake up!!! If you are early you are wrong. if you are late you are wrong. if you are on time, you are right. I dont think there is anyone around here that didnt expect things to go down and to go down hard, present company included. But to claim victory because eventually you will be right is a bunch of nonsense where I come from.

As for Mr Mortgage. The guy bought Casey Serin’s friggin Iamfacingforeclosure.com blog for big bucks. He’s a profiteer…plain and simple. I dont trust him and always suspect his motives because of that.

[sdrealtor]

Thanks but I can handle this myself. I am a realist too with a bearish bent. I dont sell my services here as pointed out and I make strong predictions without caveats. Predictions that have again and again been proven out. My beef is with uberbears who missed the timing on things or who conitnue to say eventually I’ll be right. Wake up!!! If you are early you are wrong. if you are late you are wrong. if you are on time, you are right. I dont think there is anyone around here that didnt expect things to go down and to go down hard, present company included. But to claim victory because eventually you will be right is a bunch of nonsense where I come from.

As for Mr Mortgage. The guy bought Casey Serin’s friggin Iamfacingforeclosure.com blog for big bucks. He’s a profiteer…plain and simple. I dont trust him and always suspect his motives because of that.

[sdrealtor]

Thanks but I can handle this myself. I am a realist too with a bearish bent. I dont sell my services here as pointed out and I make strong predictions without caveats. Predictions that have again and again been proven out. My beef is with uberbears who missed the timing on things or who conitnue to say eventually I’ll be right. Wake up!!! If you are early you are wrong. if you are late you are wrong. if you are on time, you are right. I dont think there is anyone around here that didnt expect things to go down and to go down hard, present company included. But to claim victory because eventually you will be right is a bunch of nonsense where I come from.

As for Mr Mortgage. The guy bought Casey Serin’s friggin Iamfacingforeclosure.com blog for big bucks. He’s a profiteer…plain and simple. I dont trust him and always suspect his motives because of that.

[PCinSD]

I’m not sure about the whole “two bottom theory”, but…

I’m pretty sure it’s been discussed many, many times on this website how the “bottoms” will be different for each micro market. Temecula has arguably bottomed, but you can’t say the same thing for downtown San Diego.

Mr. Mortgage may have worded it differently, but seems to basically acknowledge what we’ve known all along. The low end will bottom first, more sales occur in the that area because of that bottom, and on to the areas that were once considered less immune. It just takes longer to hit the nicer areas. I don’t see the huge revelation here.

Somewhat off topic, but here’s an example:

http://www.sdlookup.com/MLS-080082782-268_Pierce_El_Cajon_Ca_92020

I just saw this place for the first time this morning, and since then it’s gone “pending”. This place is going for $79,900. This went for $280,000 at the peak. This is a kind of bottom that we haven’t seen in places like Bankers Hill. However, I think there’s probably factors in play that will prevent this kind of reduction from happening in certain areas.

[PCinSD]

I’m not sure about the whole “two bottom theory”, but…

I’m pretty sure it’s been discussed many, many times on this website how the “bottoms” will be different for each micro market. Temecula has arguably bottomed, but you can’t say the same thing for downtown San Diego.

Mr. Mortgage may have worded it differently, but seems to basically acknowledge what we’ve known all along. The low end will bottom first, more sales occur in the that area because of that bottom, and on to the areas that were once considered less immune. It just takes longer to hit the nicer areas. I don’t see the huge revelation here.

Somewhat off topic, but here’s an example:

http://www.sdlookup.com/MLS-080082782-268_Pierce_El_Cajon_Ca_92020

I just saw this place for the first time this morning, and since then it’s gone “pending”. This place is going for $79,900. This went for $280,000 at the peak. This is a kind of bottom that we haven’t seen in places like Bankers Hill. However, I think there’s probably factors in play that will prevent this kind of reduction from happening in certain areas.

[PCinSD]

I’m not sure about the whole “two bottom theory”, but…

I’m pretty sure it’s been discussed many, many times on this website how the “bottoms” will be different for each micro market. Temecula has arguably bottomed, but you can’t say the same thing for downtown San Diego.

Mr. Mortgage may have worded it differently, but seems to basically acknowledge what we’ve known all along. The low end will bottom first, more sales occur in the that area because of that bottom, and on to the areas that were once considered less immune. It just takes longer to hit the nicer areas. I don’t see the huge revelation here.

Somewhat off topic, but here’s an example:

http://www.sdlookup.com/MLS-080082782-268_Pierce_El_Cajon_Ca_92020

I just saw this place for the first time this morning, and since then it’s gone “pending”. This place is going for $79,900. This went for $280,000 at the peak. This is a kind of bottom that we haven’t seen in places like Bankers Hill. However, I think there’s probably factors in play that will prevent this kind of reduction from happening in certain areas.

[PCinSD]

I’m not sure about the whole “two bottom theory”, but…

I’m pretty sure it’s been discussed many, many times on this website how the “bottoms” will be different for each micro market. Temecula has arguably bottomed, but you can’t say the same thing for downtown San Diego.

Mr. Mortgage may have worded it differently, but seems to basically acknowledge what we’ve known all along. The low end will bottom first, more sales occur in the that area because of that bottom, and on to the areas that were once considered less immune. It just takes longer to hit the nicer areas. I don’t see the huge revelation here.

Somewhat off topic, but here’s an example:

http://www.sdlookup.com/MLS-080082782-268_Pierce_El_Cajon_Ca_92020

I just saw this place for the first time this morning, and since then it’s gone “pending”. This place is going for $79,900. This went for $280,000 at the peak. This is a kind of bottom that we haven’t seen in places like Bankers Hill. However, I think there’s probably factors in play that will prevent this kind of reduction from happening in certain areas.

[Author]

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