One theory on why higher end areas sag slower

[an]

You ask a question that no one know the answer to, that’s why you didn’t get an answer JWM. I know I don’t tell my agent where my down payment comes from, just that I have $ for a down payment. The only info anyone know for sure is that there are people out there right now who are buying houses w/ plenty of $ down.

[Navydoc]

JWM, I meet your first 2 criteria, unfortunately not the third, missed it by 7 years. Of course I suppose I’m not a first time buyer really, but I havn’t owned a house since ’94, and certainly didn’t make any money from it, so it doesn’t count.

I agree with you, it is important, as it’s representative of what you can really afford. With my income I can qualify for probaly 1.2-1.5 mil, but I have absolutely no intention of spending that much. I don’t want to be house-poor. Been there, done that. I also have no intention of watching a 200K down payment eroded to nothing with further depreciation.

I would consider buying if rent/own ratio makes sense. We’re getting closer, but we aint there yet. Until we are I remain happily on the sidelines. (Or was it circling overhead? I forgot)

[Navydoc]

JWM, I meet your first 2 criteria, unfortunately not the third, missed it by 7 years. Of course I suppose I’m not a first time buyer really, but I havn’t owned a house since ’94, and certainly didn’t make any money from it, so it doesn’t count.

I agree with you, it is important, as it’s representative of what you can really afford. With my income I can qualify for probaly 1.2-1.5 mil, but I have absolutely no intention of spending that much. I don’t want to be house-poor. Been there, done that. I also have no intention of watching a 200K down payment eroded to nothing with further depreciation.

I would consider buying if rent/own ratio makes sense. We’re getting closer, but we aint there yet. Until we are I remain happily on the sidelines. (Or was it circling overhead? I forgot)

[Navydoc]

JWM, I meet your first 2 criteria, unfortunately not the third, missed it by 7 years. Of course I suppose I’m not a first time buyer really, but I havn’t owned a house since ’94, and certainly didn’t make any money from it, so it doesn’t count.

I agree with you, it is important, as it’s representative of what you can really afford. With my income I can qualify for probaly 1.2-1.5 mil, but I have absolutely no intention of spending that much. I don’t want to be house-poor. Been there, done that. I also have no intention of watching a 200K down payment eroded to nothing with further depreciation.

I would consider buying if rent/own ratio makes sense. We’re getting closer, but we aint there yet. Until we are I remain happily on the sidelines. (Or was it circling overhead? I forgot)

[Navydoc]

JWM, I meet your first 2 criteria, unfortunately not the third, missed it by 7 years. Of course I suppose I’m not a first time buyer really, but I havn’t owned a house since ’94, and certainly didn’t make any money from it, so it doesn’t count.

I agree with you, it is important, as it’s representative of what you can really afford. With my income I can qualify for probaly 1.2-1.5 mil, but I have absolutely no intention of spending that much. I don’t want to be house-poor. Been there, done that. I also have no intention of watching a 200K down payment eroded to nothing with further depreciation.

I would consider buying if rent/own ratio makes sense. We’re getting closer, but we aint there yet. Until we are I remain happily on the sidelines. (Or was it circling overhead? I forgot)

[Navydoc]

JWM, I meet your first 2 criteria, unfortunately not the third, missed it by 7 years. Of course I suppose I’m not a first time buyer really, but I havn’t owned a house since ’94, and certainly didn’t make any money from it, so it doesn’t count.

I agree with you, it is important, as it’s representative of what you can really afford. With my income I can qualify for probaly 1.2-1.5 mil, but I have absolutely no intention of spending that much. I don’t want to be house-poor. Been there, done that. I also have no intention of watching a 200K down payment eroded to nothing with further depreciation.

I would consider buying if rent/own ratio makes sense. We’re getting closer, but we aint there yet. Until we are I remain happily on the sidelines. (Or was it circling overhead? I forgot)

[JWM in SD]

“You ask a question that no one know the answer to, that’s why you didn’t get an answer JWM.”
Bullshit….they may not know for every single client, but they know in general where it’s coming from. SDR admitted as much not that long ago in one of the other threads.

“The only info anyone know for sure is that there are people out there right now who are buying houses w/ plenty of $ down.”

But that is not the operative question now is it??? No. Why? Because the real question is whether that “unknown” source can overwhelm the onslaught of inventory on it’s way over the next couple of years and sustain the market. I think I know which way to bet on that one and it isn’t on the sideliners with cash.

[JWM in SD]

“You ask a question that no one know the answer to, that’s why you didn’t get an answer JWM.”
Bullshit….they may not know for every single client, but they know in general where it’s coming from. SDR admitted as much not that long ago in one of the other threads.

“The only info anyone know for sure is that there are people out there right now who are buying houses w/ plenty of $ down.”

But that is not the operative question now is it??? No. Why? Because the real question is whether that “unknown” source can overwhelm the onslaught of inventory on it’s way over the next couple of years and sustain the market. I think I know which way to bet on that one and it isn’t on the sideliners with cash.

[JWM in SD]

“You ask a question that no one know the answer to, that’s why you didn’t get an answer JWM.”
Bullshit….they may not know for every single client, but they know in general where it’s coming from. SDR admitted as much not that long ago in one of the other threads.

“The only info anyone know for sure is that there are people out there right now who are buying houses w/ plenty of $ down.”

But that is not the operative question now is it??? No. Why? Because the real question is whether that “unknown” source can overwhelm the onslaught of inventory on it’s way over the next couple of years and sustain the market. I think I know which way to bet on that one and it isn’t on the sideliners with cash.

[JWM in SD]

“You ask a question that no one know the answer to, that’s why you didn’t get an answer JWM.”
Bullshit….they may not know for every single client, but they know in general where it’s coming from. SDR admitted as much not that long ago in one of the other threads.

“The only info anyone know for sure is that there are people out there right now who are buying houses w/ plenty of $ down.”

But that is not the operative question now is it??? No. Why? Because the real question is whether that “unknown” source can overwhelm the onslaught of inventory on it’s way over the next couple of years and sustain the market. I think I know which way to bet on that one and it isn’t on the sideliners with cash.

[JWM in SD]

“You ask a question that no one know the answer to, that’s why you didn’t get an answer JWM.”
Bullshit….they may not know for every single client, but they know in general where it’s coming from. SDR admitted as much not that long ago in one of the other threads.

“The only info anyone know for sure is that there are people out there right now who are buying houses w/ plenty of $ down.”

But that is not the operative question now is it??? No. Why? Because the real question is whether that “unknown” source can overwhelm the onslaught of inventory on it’s way over the next couple of years and sustain the market. I think I know which way to bet on that one and it isn’t on the sideliners with cash.

[an]

they may not know for every single client, but they know in general where it’s coming from.
I have to call BS on this one. How on earth can ANYONE know how many people are out there waiting to buy and what their financial situation is. If they don’t even know their own clients’ financial detail, what make you think they’ll know anything about future buyers.

Your question will NEVER be answered by anyone with any hint of credibility and support their answers by facts. Also, majority of the people who meet your 3 criteria are not the typical buyer of move up areas like NCC.

I meet all 3 of your criteria BTW.

[an]

they may not know for every single client, but they know in general where it’s coming from.
I have to call BS on this one. How on earth can ANYONE know how many people are out there waiting to buy and what their financial situation is. If they don’t even know their own clients’ financial detail, what make you think they’ll know anything about future buyers.

Your question will NEVER be answered by anyone with any hint of credibility and support their answers by facts. Also, majority of the people who meet your 3 criteria are not the typical buyer of move up areas like NCC.

I meet all 3 of your criteria BTW.

[an]

they may not know for every single client, but they know in general where it’s coming from.
I have to call BS on this one. How on earth can ANYONE know how many people are out there waiting to buy and what their financial situation is. If they don’t even know their own clients’ financial detail, what make you think they’ll know anything about future buyers.

Your question will NEVER be answered by anyone with any hint of credibility and support their answers by facts. Also, majority of the people who meet your 3 criteria are not the typical buyer of move up areas like NCC.

I meet all 3 of your criteria BTW.

[an]

they may not know for every single client, but they know in general where it’s coming from.
I have to call BS on this one. How on earth can ANYONE know how many people are out there waiting to buy and what their financial situation is. If they don’t even know their own clients’ financial detail, what make you think they’ll know anything about future buyers.

Your question will NEVER be answered by anyone with any hint of credibility and support their answers by facts. Also, majority of the people who meet your 3 criteria are not the typical buyer of move up areas like NCC.

I meet all 3 of your criteria BTW.

[Author]

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