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maktbone.
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May 19, 2009 at 11:06 AM #402747May 19, 2009 at 11:10 AM #402066
carlsbadworker
Participant[quote=FormerSanDiegan]
I have a simple theory. Homes are much more affordable than they have been in a long time.
[/quote]Good. DQNews just released some data that supports your theory. Investor activity is up but only by small percentage: “Absentee buyers, including investors who will have their property tax bills sent to a different address, bought 18.6 percent of the Southland homes sold last month. That’s up from 17 percent a year ago and compares with a 15 percent monthly average since 2000.” On the other hand, “In the more affordable inland areas, first-time buyers have relied heavily on government-insured FHA financing. Such loans were used to finance a near-record 39.1 percent of all Southland home purchases last month, up from 18.4 percent a year ago. In the Inland Empire, more than half of all April home purchases were financed with FHA loans.”
May 19, 2009 at 11:10 AM #402318Participant[quote=FormerSanDiegan]
I have a simple theory. Homes are much more affordable than they have been in a long time.
[/quote]Good. DQNews just released some data that supports your theory. Investor activity is up but only by small percentage: “Absentee buyers, including investors who will have their property tax bills sent to a different address, bought 18.6 percent of the Southland homes sold last month. That’s up from 17 percent a year ago and compares with a 15 percent monthly average since 2000.” On the other hand, “In the more affordable inland areas, first-time buyers have relied heavily on government-insured FHA financing. Such loans were used to finance a near-record 39.1 percent of all Southland home purchases last month, up from 18.4 percent a year ago. In the Inland Empire, more than half of all April home purchases were financed with FHA loans.”
May 19, 2009 at 11:10 AM #402550Participant[quote=FormerSanDiegan]
I have a simple theory. Homes are much more affordable than they have been in a long time.
[/quote]Good. DQNews just released some data that supports your theory. Investor activity is up but only by small percentage: “Absentee buyers, including investors who will have their property tax bills sent to a different address, bought 18.6 percent of the Southland homes sold last month. That’s up from 17 percent a year ago and compares with a 15 percent monthly average since 2000.” On the other hand, “In the more affordable inland areas, first-time buyers have relied heavily on government-insured FHA financing. Such loans were used to finance a near-record 39.1 percent of all Southland home purchases last month, up from 18.4 percent a year ago. In the Inland Empire, more than half of all April home purchases were financed with FHA loans.”
May 19, 2009 at 11:10 AM #402609Participant[quote=FormerSanDiegan]
I have a simple theory. Homes are much more affordable than they have been in a long time.
[/quote]Good. DQNews just released some data that supports your theory. Investor activity is up but only by small percentage: “Absentee buyers, including investors who will have their property tax bills sent to a different address, bought 18.6 percent of the Southland homes sold last month. That’s up from 17 percent a year ago and compares with a 15 percent monthly average since 2000.” On the other hand, “In the more affordable inland areas, first-time buyers have relied heavily on government-insured FHA financing. Such loans were used to finance a near-record 39.1 percent of all Southland home purchases last month, up from 18.4 percent a year ago. In the Inland Empire, more than half of all April home purchases were financed with FHA loans.”
May 19, 2009 at 11:10 AM #402757Participant[quote=FormerSanDiegan]
I have a simple theory. Homes are much more affordable than they have been in a long time.
[/quote]Good. DQNews just released some data that supports your theory. Investor activity is up but only by small percentage: “Absentee buyers, including investors who will have their property tax bills sent to a different address, bought 18.6 percent of the Southland homes sold last month. That’s up from 17 percent a year ago and compares with a 15 percent monthly average since 2000.” On the other hand, “In the more affordable inland areas, first-time buyers have relied heavily on government-insured FHA financing. Such loans were used to finance a near-record 39.1 percent of all Southland home purchases last month, up from 18.4 percent a year ago. In the Inland Empire, more than half of all April home purchases were financed with FHA loans.”
May 19, 2009 at 11:19 AM #402076Nor-LA-SD-guy
Participant[quote=carlsbadworker][quote=FormerSanDiegan]
I have a simple theory. Homes are much more affordable than they have been in a long time.
[/quote]Good. DQNews just released some data that supports your theory. Investor activity is up but only by small percentage: “Absentee buyers, including investors who will have their property tax bills sent to a different address, bought 18.6 percent of the Southland homes sold last month. That’s up from 17 percent a year ago and compares with a 15 percent monthly average since 2000.” On the other hand, “In the more affordable inland areas, first-time buyers have relied heavily on government-insured FHA financing. Such loans were used to finance a near-record 39.1 percent of all Southland home purchases last month, up from 18.4 percent a year ago. In the Inland Empire, more than half of all April home purchases were financed with FHA loans.”
[/quote]
Gee I guess I have to admit I am not going away, anyway,
I saw an article somewhere this week that stated homes in SoCal (at least at the low end) are more affordable now than they have been in 18 years.
Well I guess that explains it…
May 19, 2009 at 11:19 AM #402328Participant[quote=carlsbadworker][quote=FormerSanDiegan]
I have a simple theory. Homes are much more affordable than they have been in a long time.
[/quote]Good. DQNews just released some data that supports your theory. Investor activity is up but only by small percentage: “Absentee buyers, including investors who will have their property tax bills sent to a different address, bought 18.6 percent of the Southland homes sold last month. That’s up from 17 percent a year ago and compares with a 15 percent monthly average since 2000.” On the other hand, “In the more affordable inland areas, first-time buyers have relied heavily on government-insured FHA financing. Such loans were used to finance a near-record 39.1 percent of all Southland home purchases last month, up from 18.4 percent a year ago. In the Inland Empire, more than half of all April home purchases were financed with FHA loans.”
[/quote]
Gee I guess I have to admit I am not going away, anyway,
I saw an article somewhere this week that stated homes in SoCal (at least at the low end) are more affordable now than they have been in 18 years.
Well I guess that explains it…
May 19, 2009 at 11:19 AM #402560Participant[quote=carlsbadworker][quote=FormerSanDiegan]
I have a simple theory. Homes are much more affordable than they have been in a long time.
[/quote]Good. DQNews just released some data that supports your theory. Investor activity is up but only by small percentage: “Absentee buyers, including investors who will have their property tax bills sent to a different address, bought 18.6 percent of the Southland homes sold last month. That’s up from 17 percent a year ago and compares with a 15 percent monthly average since 2000.” On the other hand, “In the more affordable inland areas, first-time buyers have relied heavily on government-insured FHA financing. Such loans were used to finance a near-record 39.1 percent of all Southland home purchases last month, up from 18.4 percent a year ago. In the Inland Empire, more than half of all April home purchases were financed with FHA loans.”
[/quote]
Gee I guess I have to admit I am not going away, anyway,
I saw an article somewhere this week that stated homes in SoCal (at least at the low end) are more affordable now than they have been in 18 years.
Well I guess that explains it…
May 19, 2009 at 11:19 AM #402619Participant[quote=carlsbadworker][quote=FormerSanDiegan]
I have a simple theory. Homes are much more affordable than they have been in a long time.
[/quote]Good. DQNews just released some data that supports your theory. Investor activity is up but only by small percentage: “Absentee buyers, including investors who will have their property tax bills sent to a different address, bought 18.6 percent of the Southland homes sold last month. That’s up from 17 percent a year ago and compares with a 15 percent monthly average since 2000.” On the other hand, “In the more affordable inland areas, first-time buyers have relied heavily on government-insured FHA financing. Such loans were used to finance a near-record 39.1 percent of all Southland home purchases last month, up from 18.4 percent a year ago. In the Inland Empire, more than half of all April home purchases were financed with FHA loans.”
[/quote]
Gee I guess I have to admit I am not going away, anyway,
I saw an article somewhere this week that stated homes in SoCal (at least at the low end) are more affordable now than they have been in 18 years.
Well I guess that explains it…
May 19, 2009 at 11:19 AM #402767Participant[quote=carlsbadworker][quote=FormerSanDiegan]
I have a simple theory. Homes are much more affordable than they have been in a long time.
[/quote]Good. DQNews just released some data that supports your theory. Investor activity is up but only by small percentage: “Absentee buyers, including investors who will have their property tax bills sent to a different address, bought 18.6 percent of the Southland homes sold last month. That’s up from 17 percent a year ago and compares with a 15 percent monthly average since 2000.” On the other hand, “In the more affordable inland areas, first-time buyers have relied heavily on government-insured FHA financing. Such loans were used to finance a near-record 39.1 percent of all Southland home purchases last month, up from 18.4 percent a year ago. In the Inland Empire, more than half of all April home purchases were financed with FHA loans.”
[/quote]
Gee I guess I have to admit I am not going away, anyway,
I saw an article somewhere this week that stated homes in SoCal (at least at the low end) are more affordable now than they have been in 18 years.
Well I guess that explains it…
May 19, 2009 at 11:25 AM #402086Participant[quote=peterb]Theories should have some analytical basis as support. Consider the logic, place your bets. History may not exactly repeat itself, but it sure does tend to rhyme.
Here’s a couple that I find compelling:http://www.doctorhousingbubble.com/
http://www.frbsf.org/publications/economics/letter/2009/el2009-16.pdf%5B/quote%5D
I’m missing your point. Some of the links explicitly says that in the low-cost area the pain training has passed through already because it was largely subprime. If you are talking about coastal area, I think we all agree there’re a lot rooms for price to drop.
May 19, 2009 at 11:25 AM #402338Participant[quote=peterb]Theories should have some analytical basis as support. Consider the logic, place your bets. History may not exactly repeat itself, but it sure does tend to rhyme.
Here’s a couple that I find compelling:http://www.doctorhousingbubble.com/
http://www.frbsf.org/publications/economics/letter/2009/el2009-16.pdf%5B/quote%5D
I’m missing your point. Some of the links explicitly says that in the low-cost area the pain training has passed through already because it was largely subprime. If you are talking about coastal area, I think we all agree there’re a lot rooms for price to drop.
May 19, 2009 at 11:25 AM #402570Participant[quote=peterb]Theories should have some analytical basis as support. Consider the logic, place your bets. History may not exactly repeat itself, but it sure does tend to rhyme.
Here’s a couple that I find compelling:http://www.doctorhousingbubble.com/
http://www.frbsf.org/publications/economics/letter/2009/el2009-16.pdf%5B/quote%5D
I’m missing your point. Some of the links explicitly says that in the low-cost area the pain training has passed through already because it was largely subprime. If you are talking about coastal area, I think we all agree there’re a lot rooms for price to drop.
May 19, 2009 at 11:25 AM #402629Participant[quote=peterb]Theories should have some analytical basis as support. Consider the logic, place your bets. History may not exactly repeat itself, but it sure does tend to rhyme.
Here’s a couple that I find compelling:http://www.doctorhousingbubble.com/
http://www.frbsf.org/publications/economics/letter/2009/el2009-16.pdf%5B/quote%5D
I’m missing your point. Some of the links explicitly says that in the low-cost area the pain training has passed through already because it was largely subprime. If you are talking about coastal area, I think we all agree there’re a lot rooms for price to drop.
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