- This topic has 65 replies, 8 voices, and was last updated 16 years, 3 months ago by
(former)FormerSanDiegan.
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March 5, 2008 at 10:55 AM #164383March 5, 2008 at 1:17 PM #164744
waiting hawk
Participant“At what level of foreclosures would you consider a bottom?”
Very easy question. When they simply stop rising and fall in a 6 month timeline. The existing foreclosures alone would stall any price rises.
“Through who, FMAE, FMAC, OFHEO, FHA?”
HUD will be taking the houses off banks, they did it in the past and they will in the future. This is a given as Congress is already talking about it.
Read about the last bailout from Fannie:
http://www.fanniemaefoundation.org/programs/hpd/pdf/hpd_0101_ely.pdfMarch 5, 2008 at 1:17 PM #164847Participant“At what level of foreclosures would you consider a bottom?”
Very easy question. When they simply stop rising and fall in a 6 month timeline. The existing foreclosures alone would stall any price rises.
“Through who, FMAE, FMAC, OFHEO, FHA?”
HUD will be taking the houses off banks, they did it in the past and they will in the future. This is a given as Congress is already talking about it.
Read about the last bailout from Fannie:
http://www.fanniemaefoundation.org/programs/hpd/pdf/hpd_0101_ely.pdfMarch 5, 2008 at 1:17 PM #164763Participant“At what level of foreclosures would you consider a bottom?”
Very easy question. When they simply stop rising and fall in a 6 month timeline. The existing foreclosures alone would stall any price rises.
“Through who, FMAE, FMAC, OFHEO, FHA?”
HUD will be taking the houses off banks, they did it in the past and they will in the future. This is a given as Congress is already talking about it.
Read about the last bailout from Fannie:
http://www.fanniemaefoundation.org/programs/hpd/pdf/hpd_0101_ely.pdfMarch 5, 2008 at 1:17 PM #164754Participant“At what level of foreclosures would you consider a bottom?”
Very easy question. When they simply stop rising and fall in a 6 month timeline. The existing foreclosures alone would stall any price rises.
“Through who, FMAE, FMAC, OFHEO, FHA?”
HUD will be taking the houses off banks, they did it in the past and they will in the future. This is a given as Congress is already talking about it.
Read about the last bailout from Fannie:
http://www.fanniemaefoundation.org/programs/hpd/pdf/hpd_0101_ely.pdfMarch 5, 2008 at 1:17 PM #164432Participant“At what level of foreclosures would you consider a bottom?”
Very easy question. When they simply stop rising and fall in a 6 month timeline. The existing foreclosures alone would stall any price rises.
“Through who, FMAE, FMAC, OFHEO, FHA?”
HUD will be taking the houses off banks, they did it in the past and they will in the future. This is a given as Congress is already talking about it.
Read about the last bailout from Fannie:
http://www.fanniemaefoundation.org/programs/hpd/pdf/hpd_0101_ely.pdfMarch 5, 2008 at 1:30 PM #164774Anonymous
GuestThis housing valuation site has San Diego at fair market value right now whereas LA is about 30% overvalued and Miami is 40% overvalued. Reading the analysis it seems like there may be another 6-10 quarter’s to go before it is undervalued by 15-20% and then starts to creep back up.
March 5, 2008 at 1:30 PM #164784GuestThis housing valuation site has San Diego at fair market value right now whereas LA is about 30% overvalued and Miami is 40% overvalued. Reading the analysis it seems like there may be another 6-10 quarter’s to go before it is undervalued by 15-20% and then starts to creep back up.
March 5, 2008 at 1:30 PM #164463GuestThis housing valuation site has San Diego at fair market value right now whereas LA is about 30% overvalued and Miami is 40% overvalued. Reading the analysis it seems like there may be another 6-10 quarter’s to go before it is undervalued by 15-20% and then starts to creep back up.
March 5, 2008 at 1:30 PM #164792GuestThis housing valuation site has San Diego at fair market value right now whereas LA is about 30% overvalued and Miami is 40% overvalued. Reading the analysis it seems like there may be another 6-10 quarter’s to go before it is undervalued by 15-20% and then starts to creep back up.
March 5, 2008 at 1:30 PM #164877GuestThis housing valuation site has San Diego at fair market value right now whereas LA is about 30% overvalued and Miami is 40% overvalued. Reading the analysis it seems like there may be another 6-10 quarter’s to go before it is undervalued by 15-20% and then starts to creep back up.
March 5, 2008 at 1:51 PM #164780Ex-SD
ParticipantOMH:
IMHO, that housing valuation chart is all wet. San Diego doesn’t have enough of the population who makes enough income to buy all the homes that are presently on the market at the present prices. When a zillion more fall into foreclosure and prices keep driven down, we will see prices that are far lower than that chart predicts.
March 5, 2008 at 1:51 PM #164882ParticipantOMH:
IMHO, that housing valuation chart is all wet. San Diego doesn’t have enough of the population who makes enough income to buy all the homes that are presently on the market at the present prices. When a zillion more fall into foreclosure and prices keep driven down, we will see prices that are far lower than that chart predicts.
March 5, 2008 at 1:51 PM #164790ParticipantOMH:
IMHO, that housing valuation chart is all wet. San Diego doesn’t have enough of the population who makes enough income to buy all the homes that are presently on the market at the present prices. When a zillion more fall into foreclosure and prices keep driven down, we will see prices that are far lower than that chart predicts.
March 5, 2008 at 1:51 PM #164796ParticipantOMH:
IMHO, that housing valuation chart is all wet. San Diego doesn’t have enough of the population who makes enough income to buy all the homes that are presently on the market at the present prices. When a zillion more fall into foreclosure and prices keep driven down, we will see prices that are far lower than that chart predicts.
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