Predictions on when it will become easier/cheaper to buy a house?

[temeculaguy]

sduuude’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.

[ibjames]

[quote=DWCAP]If 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) [/quote]

while this would affect me and reduce how much house I could afford, I agree this is the way it should be

but we both know it won’t happen, the only thing we can hope for is higher interest rates

[ibjames]

[quote=DWCAP]If 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) [/quote]

while this would affect me and reduce how much house I could afford, I agree this is the way it should be

but we both know it won’t happen, the only thing we can hope for is higher interest rates

[ibjames]

[quote=DWCAP]If 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) [/quote]

while this would affect me and reduce how much house I could afford, I agree this is the way it should be

but we both know it won’t happen, the only thing we can hope for is higher interest rates

[ibjames]

[quote=DWCAP]If 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) [/quote]

while this would affect me and reduce how much house I could afford, I agree this is the way it should be

but we both know it won’t happen, the only thing we can hope for is higher interest rates

[ibjames]

[quote=DWCAP]If 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) [/quote]

while this would affect me and reduce how much house I could afford, I agree this is the way it should be

but we both know it won’t happen, the only thing we can hope for is higher interest rates

[an]

It really depends on how high rates will go up to in the next 5 – 10 years. If rates steadily increase for the next 10 years, I don’t see a nominal bottom until inflation catch up. I think in the NCC area, bottom probably won’t come until at least 2015, but that’s just me pulling # out of thin air.

[an]

It really depends on how high rates will go up to in the next 5 – 10 years. If rates steadily increase for the next 10 years, I don’t see a nominal bottom until inflation catch up. I think in the NCC area, bottom probably won’t come until at least 2015, but that’s just me pulling # out of thin air.

[an]

It really depends on how high rates will go up to in the next 5 – 10 years. If rates steadily increase for the next 10 years, I don’t see a nominal bottom until inflation catch up. I think in the NCC area, bottom probably won’t come until at least 2015, but that’s just me pulling # out of thin air.

[an]

It really depends on how high rates will go up to in the next 5 – 10 years. If rates steadily increase for the next 10 years, I don’t see a nominal bottom until inflation catch up. I think in the NCC area, bottom probably won’t come until at least 2015, but that’s just me pulling # out of thin air.

[an]

It really depends on how high rates will go up to in the next 5 – 10 years. If rates steadily increase for the next 10 years, I don’t see a nominal bottom until inflation catch up. I think in the NCC area, bottom probably won’t come until at least 2015, but that’s just me pulling # out of thin air.

[5yearwaiter]

[quote=fredo4] For all of the foreclosures there are in San Diego, it is ridiculously hard to buy a house right now and still too expensive in many areas. Obviously there is no way to halt the deflation of the falsely inflately RE bubble. Do you think this trickling out of inventory is going to last or will it get easier to buy a house when all of the alt-A loans go into foreclosure? How do they expect to get rid of all of these houses if takes so long to buy just one?[/quote]

The correct answer can be expected from Greenspawn now. At least he knows the TRUTH by now !!

[5yearwaiter]

[quote=fredo4] For all of the foreclosures there are in San Diego, it is ridiculously hard to buy a house right now and still too expensive in many areas. Obviously there is no way to halt the deflation of the falsely inflately RE bubble. Do you think this trickling out of inventory is going to last or will it get easier to buy a house when all of the alt-A loans go into foreclosure? How do they expect to get rid of all of these houses if takes so long to buy just one?[/quote]

The correct answer can be expected from Greenspawn now. At least he knows the TRUTH by now !!

[5yearwaiter]

[quote=fredo4] For all of the foreclosures there are in San Diego, it is ridiculously hard to buy a house right now and still too expensive in many areas. Obviously there is no way to halt the deflation of the falsely inflately RE bubble. Do you think this trickling out of inventory is going to last or will it get easier to buy a house when all of the alt-A loans go into foreclosure? How do they expect to get rid of all of these houses if takes so long to buy just one?[/quote]

The correct answer can be expected from Greenspawn now. At least he knows the TRUTH by now !!

[5yearwaiter]

[quote=fredo4] For all of the foreclosures there are in San Diego, it is ridiculously hard to buy a house right now and still too expensive in many areas. Obviously there is no way to halt the deflation of the falsely inflately RE bubble. Do you think this trickling out of inventory is going to last or will it get easier to buy a house when all of the alt-A loans go into foreclosure? How do they expect to get rid of all of these houses if takes so long to buy just one?[/quote]

The correct answer can be expected from Greenspawn now. At least he knows the TRUTH by now !!

[Author]

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