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sdrealtor.
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April 23, 2008 at 8:26 AM #193193April 23, 2008 at 9:00 AM #193089
North County Jim
Participantfarbet,
I know personally of one walkaway in my neighborhood and have heard of two others through the grapevine. As a previous poster noted of her neighbor, it’s a business decision.
There’s no doubt for those with zero-down, non-recourse loans and no looming 1099, there’s a strong incentive to walk away.
When the subject has come up in my neighborhood, I usually offer defaulting on the second TD as the better solution.
April 23, 2008 at 9:00 AM #193117Participantfarbet,
I know personally of one walkaway in my neighborhood and have heard of two others through the grapevine. As a previous poster noted of her neighbor, it’s a business decision.
There’s no doubt for those with zero-down, non-recourse loans and no looming 1099, there’s a strong incentive to walk away.
When the subject has come up in my neighborhood, I usually offer defaulting on the second TD as the better solution.
April 23, 2008 at 9:00 AM #193145Participantfarbet,
I know personally of one walkaway in my neighborhood and have heard of two others through the grapevine. As a previous poster noted of her neighbor, it’s a business decision.
There’s no doubt for those with zero-down, non-recourse loans and no looming 1099, there’s a strong incentive to walk away.
When the subject has come up in my neighborhood, I usually offer defaulting on the second TD as the better solution.
April 23, 2008 at 9:00 AM #193161Participantfarbet,
I know personally of one walkaway in my neighborhood and have heard of two others through the grapevine. As a previous poster noted of her neighbor, it’s a business decision.
There’s no doubt for those with zero-down, non-recourse loans and no looming 1099, there’s a strong incentive to walk away.
When the subject has come up in my neighborhood, I usually offer defaulting on the second TD as the better solution.
April 23, 2008 at 9:00 AM #193203Participantfarbet,
I know personally of one walkaway in my neighborhood and have heard of two others through the grapevine. As a previous poster noted of her neighbor, it’s a business decision.
There’s no doubt for those with zero-down, non-recourse loans and no looming 1099, there’s a strong incentive to walk away.
When the subject has come up in my neighborhood, I usually offer defaulting on the second TD as the better solution.
April 23, 2008 at 9:01 AM #193099waiting for bottom
ParticipantI agree that these are knife catchers, but what is happening is part of the process.
You have to believe that the relatively low prices in SEH are attracting potential buyers from South Carlsbad and Encinitas. The lack of sales will put pressure on those two markets and prices will drop. Then buyers will flock to SC and Enc and sales will slow in SEH. Prices will then fall in SEH….and on and on until the market reaches the bottom.
It’s all interconnected….
April 23, 2008 at 9:01 AM #193127ParticipantI agree that these are knife catchers, but what is happening is part of the process.
You have to believe that the relatively low prices in SEH are attracting potential buyers from South Carlsbad and Encinitas. The lack of sales will put pressure on those two markets and prices will drop. Then buyers will flock to SC and Enc and sales will slow in SEH. Prices will then fall in SEH….and on and on until the market reaches the bottom.
It’s all interconnected….
April 23, 2008 at 9:01 AM #193155ParticipantI agree that these are knife catchers, but what is happening is part of the process.
You have to believe that the relatively low prices in SEH are attracting potential buyers from South Carlsbad and Encinitas. The lack of sales will put pressure on those two markets and prices will drop. Then buyers will flock to SC and Enc and sales will slow in SEH. Prices will then fall in SEH….and on and on until the market reaches the bottom.
It’s all interconnected….
April 23, 2008 at 9:01 AM #193171ParticipantI agree that these are knife catchers, but what is happening is part of the process.
You have to believe that the relatively low prices in SEH are attracting potential buyers from South Carlsbad and Encinitas. The lack of sales will put pressure on those two markets and prices will drop. Then buyers will flock to SC and Enc and sales will slow in SEH. Prices will then fall in SEH….and on and on until the market reaches the bottom.
It’s all interconnected….
April 23, 2008 at 9:01 AM #193213ParticipantI agree that these are knife catchers, but what is happening is part of the process.
You have to believe that the relatively low prices in SEH are attracting potential buyers from South Carlsbad and Encinitas. The lack of sales will put pressure on those two markets and prices will drop. Then buyers will flock to SC and Enc and sales will slow in SEH. Prices will then fall in SEH….and on and on until the market reaches the bottom.
It’s all interconnected….
April 23, 2008 at 9:34 AM #193109jetonejet
ParticipantBuying in SEH is a very bad idea right now. Anyone doing there homework could easily see there will be an HUGH TSUNAMI of Short Sales and REO’s comming in the next year. Just to get an idea, goto the San Diego Property tax collectors site
Click on “pay your property tax link”, then punch in one of the biggest streets in SEH, Hollowbrook and the zip 92078 (leave the rest blank).
The RESULTS: 17 HOUSES OUT OF 68 have not paid their property taxes for April. THATS 25% OF THE STREET.
I rent here in SEH for a fraction of the price to own and its very sad to see some really nice people talking about walking. But as said earlier, its business.
April 23, 2008 at 9:34 AM #193137ParticipantBuying in SEH is a very bad idea right now. Anyone doing there homework could easily see there will be an HUGH TSUNAMI of Short Sales and REO’s comming in the next year. Just to get an idea, goto the San Diego Property tax collectors site
Click on “pay your property tax link”, then punch in one of the biggest streets in SEH, Hollowbrook and the zip 92078 (leave the rest blank).
The RESULTS: 17 HOUSES OUT OF 68 have not paid their property taxes for April. THATS 25% OF THE STREET.
I rent here in SEH for a fraction of the price to own and its very sad to see some really nice people talking about walking. But as said earlier, its business.
April 23, 2008 at 9:34 AM #193164ParticipantBuying in SEH is a very bad idea right now. Anyone doing there homework could easily see there will be an HUGH TSUNAMI of Short Sales and REO’s comming in the next year. Just to get an idea, goto the San Diego Property tax collectors site
Click on “pay your property tax link”, then punch in one of the biggest streets in SEH, Hollowbrook and the zip 92078 (leave the rest blank).
The RESULTS: 17 HOUSES OUT OF 68 have not paid their property taxes for April. THATS 25% OF THE STREET.
I rent here in SEH for a fraction of the price to own and its very sad to see some really nice people talking about walking. But as said earlier, its business.
April 23, 2008 at 9:34 AM #193182ParticipantBuying in SEH is a very bad idea right now. Anyone doing there homework could easily see there will be an HUGH TSUNAMI of Short Sales and REO’s comming in the next year. Just to get an idea, goto the San Diego Property tax collectors site
Click on “pay your property tax link”, then punch in one of the biggest streets in SEH, Hollowbrook and the zip 92078 (leave the rest blank).
The RESULTS: 17 HOUSES OUT OF 68 have not paid their property taxes for April. THATS 25% OF THE STREET.
I rent here in SEH for a fraction of the price to own and its very sad to see some really nice people talking about walking. But as said earlier, its business.
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