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LAAFTERHOURS.
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June 9, 2009 at 1:03 PM #413396June 9, 2009 at 1:12 PM #412708
DWCAP
ParticipantPeople dont like to loose money investing. You hear all about the money they got when things went right, but not a peep about the bone headed moves they pulled, unless it is over beers and a sob story that you started. Ask any stock broker, people do dumb things to “protect their investments” even if the best thing they coulda done is to cut their losses and run.
Why does anyone think itll be any different with peoples largest, and prob most emotional, “investment”? People will hold on to the very end, when life kicks them in the gut and makes them let go. Then theyll go whinning about it to their legeslators who will write abunch of unfair crap to get reelected that plays on these sedements. I dont think itll ever be easy to buy a house when prices are “depressed*” like they are (*also see ‘normal’ or ‘semi-affordable’) until they are rising again.
In life very few things are both great and easy.
June 9, 2009 at 1:12 PM #412944ParticipantPeople dont like to loose money investing. You hear all about the money they got when things went right, but not a peep about the bone headed moves they pulled, unless it is over beers and a sob story that you started. Ask any stock broker, people do dumb things to “protect their investments” even if the best thing they coulda done is to cut their losses and run.
Why does anyone think itll be any different with peoples largest, and prob most emotional, “investment”? People will hold on to the very end, when life kicks them in the gut and makes them let go. Then theyll go whinning about it to their legeslators who will write abunch of unfair crap to get reelected that plays on these sedements. I dont think itll ever be easy to buy a house when prices are “depressed*” like they are (*also see ‘normal’ or ‘semi-affordable’) until they are rising again.
In life very few things are both great and easy.
June 9, 2009 at 1:12 PM #413189ParticipantPeople dont like to loose money investing. You hear all about the money they got when things went right, but not a peep about the bone headed moves they pulled, unless it is over beers and a sob story that you started. Ask any stock broker, people do dumb things to “protect their investments” even if the best thing they coulda done is to cut their losses and run.
Why does anyone think itll be any different with peoples largest, and prob most emotional, “investment”? People will hold on to the very end, when life kicks them in the gut and makes them let go. Then theyll go whinning about it to their legeslators who will write abunch of unfair crap to get reelected that plays on these sedements. I dont think itll ever be easy to buy a house when prices are “depressed*” like they are (*also see ‘normal’ or ‘semi-affordable’) until they are rising again.
In life very few things are both great and easy.
June 9, 2009 at 1:12 PM #413255ParticipantPeople dont like to loose money investing. You hear all about the money they got when things went right, but not a peep about the bone headed moves they pulled, unless it is over beers and a sob story that you started. Ask any stock broker, people do dumb things to “protect their investments” even if the best thing they coulda done is to cut their losses and run.
Why does anyone think itll be any different with peoples largest, and prob most emotional, “investment”? People will hold on to the very end, when life kicks them in the gut and makes them let go. Then theyll go whinning about it to their legeslators who will write abunch of unfair crap to get reelected that plays on these sedements. I dont think itll ever be easy to buy a house when prices are “depressed*” like they are (*also see ‘normal’ or ‘semi-affordable’) until they are rising again.
In life very few things are both great and easy.
June 9, 2009 at 1:12 PM #413401ParticipantPeople dont like to loose money investing. You hear all about the money they got when things went right, but not a peep about the bone headed moves they pulled, unless it is over beers and a sob story that you started. Ask any stock broker, people do dumb things to “protect their investments” even if the best thing they coulda done is to cut their losses and run.
Why does anyone think itll be any different with peoples largest, and prob most emotional, “investment”? People will hold on to the very end, when life kicks them in the gut and makes them let go. Then theyll go whinning about it to their legeslators who will write abunch of unfair crap to get reelected that plays on these sedements. I dont think itll ever be easy to buy a house when prices are “depressed*” like they are (*also see ‘normal’ or ‘semi-affordable’) until they are rising again.
In life very few things are both great and easy.
June 9, 2009 at 1:24 PM #412713ParticipantIf you want things to get cheaper, lobby congress to stop the 3.5% PD FHA loans and bs interest rates. Make people save 10-20% and see where housing goes. Part of the problem is that easy money loans just raise real demand until prices are no longer ‘easy’.
(please note, not all FHA loans are 3.5% DP, and traditionally they are rather safe loans)
June 9, 2009 at 1:24 PM #412949ParticipantIf you want things to get cheaper, lobby congress to stop the 3.5% PD FHA loans and bs interest rates. Make people save 10-20% and see where housing goes. Part of the problem is that easy money loans just raise real demand until prices are no longer ‘easy’.
(please note, not all FHA loans are 3.5% DP, and traditionally they are rather safe loans)
June 9, 2009 at 1:24 PM #413194ParticipantIf you want things to get cheaper, lobby congress to stop the 3.5% PD FHA loans and bs interest rates. Make people save 10-20% and see where housing goes. Part of the problem is that easy money loans just raise real demand until prices are no longer ‘easy’.
(please note, not all FHA loans are 3.5% DP, and traditionally they are rather safe loans)
June 9, 2009 at 1:24 PM #413260ParticipantIf you want things to get cheaper, lobby congress to stop the 3.5% PD FHA loans and bs interest rates. Make people save 10-20% and see where housing goes. Part of the problem is that easy money loans just raise real demand until prices are no longer ‘easy’.
(please note, not all FHA loans are 3.5% DP, and traditionally they are rather safe loans)
June 9, 2009 at 1:24 PM #413406ParticipantIf you want things to get cheaper, lobby congress to stop the 3.5% PD FHA loans and bs interest rates. Make people save 10-20% and see where housing goes. Part of the problem is that easy money loans just raise real demand until prices are no longer ‘easy’.
(please note, not all FHA loans are 3.5% DP, and traditionally they are rather safe loans)
June 9, 2009 at 1:27 PM #412718temeculaguy
Participantsduuude’s intuition is probably correct and so is his analytical side. Since the majority of the market is not organic listings, they did not show up when the seasonal demand did, especially in family neighborhoods where people like to buy in spring and move in summer. The repos will list in fall and winter at the same rate as spring but the buyers will be fewer. In past makets, both sellers and buyers had the same seasonal psychology, this is different, wait for fall/winter. In some parts of S.D. it will take till fall/winter of 2010 for the pain train to reach it.
Then there is the painful truth that some parts of s.d. will always cost more than others. In your shopping, if you see houses that are overpriced and you zillow a few model matches to determine the 2001-2003 price and it’s still too much, time to put the kids in the car and find another area. Carlsbad will not reach Santee’s pre bubble price, it will reach Carlsbad’s pre bubble price. If the pad you like needs to revert to it’s 1980’s price, no amount of patience will serve you.
June 9, 2009 at 1:27 PM #412954Participantsduuude’s intuition is probably correct and so is his analytical side. Since the majority of the market is not organic listings, they did not show up when the seasonal demand did, especially in family neighborhoods where people like to buy in spring and move in summer. The repos will list in fall and winter at the same rate as spring but the buyers will be fewer. In past makets, both sellers and buyers had the same seasonal psychology, this is different, wait for fall/winter. In some parts of S.D. it will take till fall/winter of 2010 for the pain train to reach it.
Then there is the painful truth that some parts of s.d. will always cost more than others. In your shopping, if you see houses that are overpriced and you zillow a few model matches to determine the 2001-2003 price and it’s still too much, time to put the kids in the car and find another area. Carlsbad will not reach Santee’s pre bubble price, it will reach Carlsbad’s pre bubble price. If the pad you like needs to revert to it’s 1980’s price, no amount of patience will serve you.
June 9, 2009 at 1:27 PM #413199Participantsduuude’s intuition is probably correct and so is his analytical side. Since the majority of the market is not organic listings, they did not show up when the seasonal demand did, especially in family neighborhoods where people like to buy in spring and move in summer. The repos will list in fall and winter at the same rate as spring but the buyers will be fewer. In past makets, both sellers and buyers had the same seasonal psychology, this is different, wait for fall/winter. In some parts of S.D. it will take till fall/winter of 2010 for the pain train to reach it.
Then there is the painful truth that some parts of s.d. will always cost more than others. In your shopping, if you see houses that are overpriced and you zillow a few model matches to determine the 2001-2003 price and it’s still too much, time to put the kids in the car and find another area. Carlsbad will not reach Santee’s pre bubble price, it will reach Carlsbad’s pre bubble price. If the pad you like needs to revert to it’s 1980’s price, no amount of patience will serve you.
June 9, 2009 at 1:27 PM #413266Participantsduuude’s intuition is probably correct and so is his analytical side. Since the majority of the market is not organic listings, they did not show up when the seasonal demand did, especially in family neighborhoods where people like to buy in spring and move in summer. The repos will list in fall and winter at the same rate as spring but the buyers will be fewer. In past makets, both sellers and buyers had the same seasonal psychology, this is different, wait for fall/winter. In some parts of S.D. it will take till fall/winter of 2010 for the pain train to reach it.
Then there is the painful truth that some parts of s.d. will always cost more than others. In your shopping, if you see houses that are overpriced and you zillow a few model matches to determine the 2001-2003 price and it’s still too much, time to put the kids in the car and find another area. Carlsbad will not reach Santee’s pre bubble price, it will reach Carlsbad’s pre bubble price. If the pad you like needs to revert to it’s 1980’s price, no amount of patience will serve you.
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