San Diego prices must drop

[mGanders]

I can refute to some extent through personal experience. The simple fact is that sales prices are set by the owners of the homes, not the market comps, not the realtors, not the foreclosures, and not the interest rates. We finally bought a place and got it for 25% less than the sales price of a similar home next door. This happened because the children of the deceased owners wanted to get rid of the home quickly, and set the price to do so. Deals will be out there in two years, but they are also out there right now. If there is even a slight chance you can afford a home in an area you like, I recommend you continue looking diligently. The only way you are sure to miss-out over the next couple years is if you sit idly by and wait. Like the earlier poster said, things will work out the way they are supposed to.

[briansd1]

[quote=JBurkett19]Someone else posted a good observation on another place here, and that is there are a ton of eyes on this market and an inactive buyer is even more at a disadvantage than one actively persuing. Even with all of the inventory out there, and the so-called experts calling for more to come, good deals don’t stay for long. Find a particualr neighborhood you’re interested in and watch it closely. If something comes up you like, put in an offer. See how things play out. Stay emotionally detached from the transaction and it’ll happen how it’s supposed to. [/quote]

good recommendation.

But why ever become “inactive”? I think that it’s fun to keep up with house prices just like any other prices.

[briansd1]

[quote=JBurkett19]Someone else posted a good observation on another place here, and that is there are a ton of eyes on this market and an inactive buyer is even more at a disadvantage than one actively persuing. Even with all of the inventory out there, and the so-called experts calling for more to come, good deals don’t stay for long. Find a particualr neighborhood you’re interested in and watch it closely. If something comes up you like, put in an offer. See how things play out. Stay emotionally detached from the transaction and it’ll happen how it’s supposed to. [/quote]

good recommendation.

But why ever become “inactive”? I think that it’s fun to keep up with house prices just like any other prices.

[briansd1]

[quote=JBurkett19]Someone else posted a good observation on another place here, and that is there are a ton of eyes on this market and an inactive buyer is even more at a disadvantage than one actively persuing. Even with all of the inventory out there, and the so-called experts calling for more to come, good deals don’t stay for long. Find a particualr neighborhood you’re interested in and watch it closely. If something comes up you like, put in an offer. See how things play out. Stay emotionally detached from the transaction and it’ll happen how it’s supposed to. [/quote]

good recommendation.

But why ever become “inactive”? I think that it’s fun to keep up with house prices just like any other prices.

[briansd1]

[quote=JBurkett19]Someone else posted a good observation on another place here, and that is there are a ton of eyes on this market and an inactive buyer is even more at a disadvantage than one actively persuing. Even with all of the inventory out there, and the so-called experts calling for more to come, good deals don’t stay for long. Find a particualr neighborhood you’re interested in and watch it closely. If something comes up you like, put in an offer. See how things play out. Stay emotionally detached from the transaction and it’ll happen how it’s supposed to. [/quote]

good recommendation.

But why ever become “inactive”? I think that it’s fun to keep up with house prices just like any other prices.

[briansd1]

[quote=JBurkett19]Someone else posted a good observation on another place here, and that is there are a ton of eyes on this market and an inactive buyer is even more at a disadvantage than one actively persuing. Even with all of the inventory out there, and the so-called experts calling for more to come, good deals don’t stay for long. Find a particualr neighborhood you’re interested in and watch it closely. If something comes up you like, put in an offer. See how things play out. Stay emotionally detached from the transaction and it’ll happen how it’s supposed to. [/quote]

good recommendation.

But why ever become “inactive”? I think that it’s fun to keep up with house prices just like any other prices.

[SD Transplant]

Unfortunately, as many state here, SD is too complex to generalize. Here is DataQuick’s report for the month. SD Medium price up 3% . I do agree that with pressure from interest rates prices will tend to decline (but not 100% correlation)

http://www.dqnews.com/Articles/2010/News/California/Southern-CA/RRSCA101215.aspx

[SD Transplant]

Unfortunately, as many state here, SD is too complex to generalize. Here is DataQuick’s report for the month. SD Medium price up 3% . I do agree that with pressure from interest rates prices will tend to decline (but not 100% correlation)

http://www.dqnews.com/Articles/2010/News/California/Southern-CA/RRSCA101215.aspx

[SD Transplant]

Unfortunately, as many state here, SD is too complex to generalize. Here is DataQuick’s report for the month. SD Medium price up 3% . I do agree that with pressure from interest rates prices will tend to decline (but not 100% correlation)

http://www.dqnews.com/Articles/2010/News/California/Southern-CA/RRSCA101215.aspx

[SD Transplant]

Unfortunately, as many state here, SD is too complex to generalize. Here is DataQuick’s report for the month. SD Medium price up 3% . I do agree that with pressure from interest rates prices will tend to decline (but not 100% correlation)

http://www.dqnews.com/Articles/2010/News/California/Southern-CA/RRSCA101215.aspx

[SD Transplant]

Unfortunately, as many state here, SD is too complex to generalize. Here is DataQuick’s report for the month. SD Medium price up 3% . I do agree that with pressure from interest rates prices will tend to decline (but not 100% correlation)

http://www.dqnews.com/Articles/2010/News/California/Southern-CA/RRSCA101215.aspx

[CA renter]

[quote=mGanders]I can refute to some extent through personal experience. The simple fact is that sales prices are set by the owners of the homes, not the market comps, not the realtors, not the foreclosures, and not the interest rates. We finally bought a place and got it for 25% less than the sales price of a similar home next door. This happened because the children of the deceased owners wanted to get rid of the home quickly, and set the price to do so. Deals will be out there in two years, but they are also out there right now. If there is even a slight chance you can afford a home in an area you like, I recommend you continue looking diligently. The only way you are sure to miss-out over the next couple years is if you sit idly by and wait. Like the earlier poster said, things will work out the way they are supposed to.[/quote]

sdr,

See? I’m not the only one. 😉

[CA renter]

[quote=mGanders]I can refute to some extent through personal experience. The simple fact is that sales prices are set by the owners of the homes, not the market comps, not the realtors, not the foreclosures, and not the interest rates. We finally bought a place and got it for 25% less than the sales price of a similar home next door. This happened because the children of the deceased owners wanted to get rid of the home quickly, and set the price to do so. Deals will be out there in two years, but they are also out there right now. If there is even a slight chance you can afford a home in an area you like, I recommend you continue looking diligently. The only way you are sure to miss-out over the next couple years is if you sit idly by and wait. Like the earlier poster said, things will work out the way they are supposed to.[/quote]

sdr,

See? I’m not the only one. 😉

[CA renter]

[quote=mGanders]I can refute to some extent through personal experience. The simple fact is that sales prices are set by the owners of the homes, not the market comps, not the realtors, not the foreclosures, and not the interest rates. We finally bought a place and got it for 25% less than the sales price of a similar home next door. This happened because the children of the deceased owners wanted to get rid of the home quickly, and set the price to do so. Deals will be out there in two years, but they are also out there right now. If there is even a slight chance you can afford a home in an area you like, I recommend you continue looking diligently. The only way you are sure to miss-out over the next couple years is if you sit idly by and wait. Like the earlier poster said, things will work out the way they are supposed to.[/quote]

sdr,

See? I’m not the only one. 😉

[CA renter]

[quote=mGanders]I can refute to some extent through personal experience. The simple fact is that sales prices are set by the owners of the homes, not the market comps, not the realtors, not the foreclosures, and not the interest rates. We finally bought a place and got it for 25% less than the sales price of a similar home next door. This happened because the children of the deceased owners wanted to get rid of the home quickly, and set the price to do so. Deals will be out there in two years, but they are also out there right now. If there is even a slight chance you can afford a home in an area you like, I recommend you continue looking diligently. The only way you are sure to miss-out over the next couple years is if you sit idly by and wait. Like the earlier poster said, things will work out the way they are supposed to.[/quote]

sdr,

See? I’m not the only one. 😉

[Author]

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