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Home › Forums › Housing › Reported price plunge of 18% not reflected in prices?

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  • January 27, 2009 at 3:12 PM #337721
    Nor-LA-SD-guy
    Participant

    also depends on the condition of the home, if it needs a lot of work done it may not qualify for conventional or FHA loans and there for if you can arrange the finance by some other means you may get the home at a significant discount.

    January 27, 2009 at 3:55 PM #337619
    DWCAP
    Participant

    How are you tracking prices? A year is a long time in human memory. It may seem that prices have only fallen a few percent from back then, but the quality, location, and size of the housing you are looking at has changed too.

    January 27, 2009 at 3:55 PM #337199
    DWCAP
    Participant

    How are you tracking prices? A year is a long time in human memory. It may seem that prices have only fallen a few percent from back then, but the quality, location, and size of the housing you are looking at has changed too.

    January 27, 2009 at 3:55 PM #337645
    DWCAP
    Participant

    How are you tracking prices? A year is a long time in human memory. It may seem that prices have only fallen a few percent from back then, but the quality, location, and size of the housing you are looking at has changed too.

    January 27, 2009 at 3:55 PM #337528
    DWCAP
    Participant

    How are you tracking prices? A year is a long time in human memory. It may seem that prices have only fallen a few percent from back then, but the quality, location, and size of the housing you are looking at has changed too.

    January 27, 2009 at 3:55 PM #337736
    DWCAP
    Participant

    How are you tracking prices? A year is a long time in human memory. It may seem that prices have only fallen a few percent from back then, but the quality, location, and size of the housing you are looking at has changed too.

    January 28, 2009 at 5:51 AM #337828
    Nor-LA-SD-guy
    Participant

    [quote=DWCAP]How are you tracking prices? A year is a long time in human memory. It may seem that prices have only fallen a few percent from back then, but the quality, location, and size of the housing you are looking at has changed too.

    [/quote]

    That is something I have been thinking about as well, 15-20 years ago most first time buyers were looking at 1200 sqf 3 bedroom 1 ½ bath homes with swamp coolers on the roof and no upgrades and in need of some TLC and thinking (Wow what a neat place to live),

    Now they want at least a 2500 sqf place with nice upgrades or (well I will leave it there).

    Don’t really know about Oceanside but in Temecula you can get that first home above for less than I paid for a similar one in 1994 (go figure).

    January 28, 2009 at 5:51 AM #338038
    Nor-LA-SD-guy
    Participant

    [quote=DWCAP]How are you tracking prices? A year is a long time in human memory. It may seem that prices have only fallen a few percent from back then, but the quality, location, and size of the housing you are looking at has changed too.

    [/quote]

    That is something I have been thinking about as well, 15-20 years ago most first time buyers were looking at 1200 sqf 3 bedroom 1 ½ bath homes with swamp coolers on the roof and no upgrades and in need of some TLC and thinking (Wow what a neat place to live),

    Now they want at least a 2500 sqf place with nice upgrades or (well I will leave it there).

    Don’t really know about Oceanside but in Temecula you can get that first home above for less than I paid for a similar one in 1994 (go figure).

    January 28, 2009 at 5:51 AM #337945
    Nor-LA-SD-guy
    Participant

    [quote=DWCAP]How are you tracking prices? A year is a long time in human memory. It may seem that prices have only fallen a few percent from back then, but the quality, location, and size of the housing you are looking at has changed too.

    [/quote]

    That is something I have been thinking about as well, 15-20 years ago most first time buyers were looking at 1200 sqf 3 bedroom 1 ½ bath homes with swamp coolers on the roof and no upgrades and in need of some TLC and thinking (Wow what a neat place to live),

    Now they want at least a 2500 sqf place with nice upgrades or (well I will leave it there).

    Don’t really know about Oceanside but in Temecula you can get that first home above for less than I paid for a similar one in 1994 (go figure).

    January 28, 2009 at 5:51 AM #337919
    Nor-LA-SD-guy
    Participant

    [quote=DWCAP]How are you tracking prices? A year is a long time in human memory. It may seem that prices have only fallen a few percent from back then, but the quality, location, and size of the housing you are looking at has changed too.

    [/quote]

    That is something I have been thinking about as well, 15-20 years ago most first time buyers were looking at 1200 sqf 3 bedroom 1 ½ bath homes with swamp coolers on the roof and no upgrades and in need of some TLC and thinking (Wow what a neat place to live),

    Now they want at least a 2500 sqf place with nice upgrades or (well I will leave it there).

    Don’t really know about Oceanside but in Temecula you can get that first home above for less than I paid for a similar one in 1994 (go figure).

    January 28, 2009 at 5:51 AM #337497
    Nor-LA-SD-guy
    Participant

    [quote=DWCAP]How are you tracking prices? A year is a long time in human memory. It may seem that prices have only fallen a few percent from back then, but the quality, location, and size of the housing you are looking at has changed too.

    [/quote]

    That is something I have been thinking about as well, 15-20 years ago most first time buyers were looking at 1200 sqf 3 bedroom 1 ½ bath homes with swamp coolers on the roof and no upgrades and in need of some TLC and thinking (Wow what a neat place to live),

    Now they want at least a 2500 sqf place with nice upgrades or (well I will leave it there).

    Don’t really know about Oceanside but in Temecula you can get that first home above for less than I paid for a similar one in 1994 (go figure).

    January 28, 2009 at 9:14 AM #337913
    nscalero
    Participant

    I’m following a list of 20 homes. Some of them have sold so my list is now down to 13. A few of them have reduced their price during the period in question but only by 2-5%.

    January 28, 2009 at 9:14 AM #337582
    nscalero
    Participant

    I’m following a list of 20 homes. Some of them have sold so my list is now down to 13. A few of them have reduced their price during the period in question but only by 2-5%.

    January 28, 2009 at 9:14 AM #338004
    nscalero
    Participant

    I’m following a list of 20 homes. Some of them have sold so my list is now down to 13. A few of them have reduced their price during the period in question but only by 2-5%.

    January 28, 2009 at 9:14 AM #338030
    nscalero
    Participant

    I’m following a list of 20 homes. Some of them have sold so my list is now down to 13. A few of them have reduced their price during the period in question but only by 2-5%.

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