- This topic has 512 replies, 32 voices, and was last updated 13 years, 6 months ago by
sdrealtor.
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November 23, 2007 at 8:56 PM #103219November 23, 2007 at 8:56 PM #103242
farbet
ParticipantDitto Ditto EX SD
SD Realtor things are really bad out there from conversations with folks that I know. We are in a recession.Bernake is sugar coating the numbers. The next step are layoffs then “panic”
Its worst than the 90 -91 recession of “Read my lips”GHWBush tax increases.November 23, 2007 at 8:56 PM #103265ParticipantDitto Ditto EX SD
SD Realtor things are really bad out there from conversations with folks that I know. We are in a recession.Bernake is sugar coating the numbers. The next step are layoffs then “panic”
Its worst than the 90 -91 recession of “Read my lips”GHWBush tax increases.November 23, 2007 at 9:47 PM #103158SD Realtor
ParticipantI don’t think it is a matter of if… it is and always has been a matter of when. As many great leads that ocrenter pulls up that are foreclosures, there are sales. There are sales in Carmel Valley, there are sales in La Costa Valley and there are sales in 4S Ranch, Scripps, Sabre Springs… etc………I cannot tell you how many people I have that are patient buyers yet are very frustrated by the rate of decline. They all ask me why people are still paying premiums for homes like this and all I can tell them is because they do. I show then the stats that the volume of sales are down but that doesn’t console them.
This is what I do not understand. Nobody is arguing that the market will not go down, nor is anyone saying that prices will not drop dramatically. It seems to me that there is some displaced anger or whatever trying to justify that we HAVE TO HAVE big drops. Well we don’t HAVE TO HAVE anything. Will they happen? In my opinion yes. Could it be this spring? Next Summmer? 09? I don’t know… probably sometime in the next few years.
If you truly think that homes in 4S are gonna for for 400k and the same for Carmel Valley then so be it? Maybe they will and maybe they won’t. I do know of plenty of people who will buy before they get there though.
The fact is that real estate moves slow. Do I think the banks are sitting on properties and holding them out? Perhaps they are. Do I think banks are sitting on properties in Carmel Valley or La Costa Valley? No I don’t.
Try to have some patience.
November 23, 2007 at 9:47 PM #103239ParticipantI don’t think it is a matter of if… it is and always has been a matter of when. As many great leads that ocrenter pulls up that are foreclosures, there are sales. There are sales in Carmel Valley, there are sales in La Costa Valley and there are sales in 4S Ranch, Scripps, Sabre Springs… etc………I cannot tell you how many people I have that are patient buyers yet are very frustrated by the rate of decline. They all ask me why people are still paying premiums for homes like this and all I can tell them is because they do. I show then the stats that the volume of sales are down but that doesn’t console them.
This is what I do not understand. Nobody is arguing that the market will not go down, nor is anyone saying that prices will not drop dramatically. It seems to me that there is some displaced anger or whatever trying to justify that we HAVE TO HAVE big drops. Well we don’t HAVE TO HAVE anything. Will they happen? In my opinion yes. Could it be this spring? Next Summmer? 09? I don’t know… probably sometime in the next few years.
If you truly think that homes in 4S are gonna for for 400k and the same for Carmel Valley then so be it? Maybe they will and maybe they won’t. I do know of plenty of people who will buy before they get there though.
The fact is that real estate moves slow. Do I think the banks are sitting on properties and holding them out? Perhaps they are. Do I think banks are sitting on properties in Carmel Valley or La Costa Valley? No I don’t.
Try to have some patience.
November 23, 2007 at 9:47 PM #103253ParticipantI don’t think it is a matter of if… it is and always has been a matter of when. As many great leads that ocrenter pulls up that are foreclosures, there are sales. There are sales in Carmel Valley, there are sales in La Costa Valley and there are sales in 4S Ranch, Scripps, Sabre Springs… etc………I cannot tell you how many people I have that are patient buyers yet are very frustrated by the rate of decline. They all ask me why people are still paying premiums for homes like this and all I can tell them is because they do. I show then the stats that the volume of sales are down but that doesn’t console them.
This is what I do not understand. Nobody is arguing that the market will not go down, nor is anyone saying that prices will not drop dramatically. It seems to me that there is some displaced anger or whatever trying to justify that we HAVE TO HAVE big drops. Well we don’t HAVE TO HAVE anything. Will they happen? In my opinion yes. Could it be this spring? Next Summmer? 09? I don’t know… probably sometime in the next few years.
If you truly think that homes in 4S are gonna for for 400k and the same for Carmel Valley then so be it? Maybe they will and maybe they won’t. I do know of plenty of people who will buy before they get there though.
The fact is that real estate moves slow. Do I think the banks are sitting on properties and holding them out? Perhaps they are. Do I think banks are sitting on properties in Carmel Valley or La Costa Valley? No I don’t.
Try to have some patience.
November 23, 2007 at 9:47 PM #103277ParticipantI don’t think it is a matter of if… it is and always has been a matter of when. As many great leads that ocrenter pulls up that are foreclosures, there are sales. There are sales in Carmel Valley, there are sales in La Costa Valley and there are sales in 4S Ranch, Scripps, Sabre Springs… etc………I cannot tell you how many people I have that are patient buyers yet are very frustrated by the rate of decline. They all ask me why people are still paying premiums for homes like this and all I can tell them is because they do. I show then the stats that the volume of sales are down but that doesn’t console them.
This is what I do not understand. Nobody is arguing that the market will not go down, nor is anyone saying that prices will not drop dramatically. It seems to me that there is some displaced anger or whatever trying to justify that we HAVE TO HAVE big drops. Well we don’t HAVE TO HAVE anything. Will they happen? In my opinion yes. Could it be this spring? Next Summmer? 09? I don’t know… probably sometime in the next few years.
If you truly think that homes in 4S are gonna for for 400k and the same for Carmel Valley then so be it? Maybe they will and maybe they won’t. I do know of plenty of people who will buy before they get there though.
The fact is that real estate moves slow. Do I think the banks are sitting on properties and holding them out? Perhaps they are. Do I think banks are sitting on properties in Carmel Valley or La Costa Valley? No I don’t.
Try to have some patience.
November 23, 2007 at 9:47 PM #103298ParticipantI don’t think it is a matter of if… it is and always has been a matter of when. As many great leads that ocrenter pulls up that are foreclosures, there are sales. There are sales in Carmel Valley, there are sales in La Costa Valley and there are sales in 4S Ranch, Scripps, Sabre Springs… etc………I cannot tell you how many people I have that are patient buyers yet are very frustrated by the rate of decline. They all ask me why people are still paying premiums for homes like this and all I can tell them is because they do. I show then the stats that the volume of sales are down but that doesn’t console them.
This is what I do not understand. Nobody is arguing that the market will not go down, nor is anyone saying that prices will not drop dramatically. It seems to me that there is some displaced anger or whatever trying to justify that we HAVE TO HAVE big drops. Well we don’t HAVE TO HAVE anything. Will they happen? In my opinion yes. Could it be this spring? Next Summmer? 09? I don’t know… probably sometime in the next few years.
If you truly think that homes in 4S are gonna for for 400k and the same for Carmel Valley then so be it? Maybe they will and maybe they won’t. I do know of plenty of people who will buy before they get there though.
The fact is that real estate moves slow. Do I think the banks are sitting on properties and holding them out? Perhaps they are. Do I think banks are sitting on properties in Carmel Valley or La Costa Valley? No I don’t.
Try to have some patience.
November 24, 2007 at 5:07 AM #103168eyePod
ParticipantBig SDR and little sdr – wow! I guess if you’re a realtor then you are bad. You guys really add a lot to this site.
November 24, 2007 at 5:07 AM #103250ParticipantBig SDR and little sdr – wow! I guess if you’re a realtor then you are bad. You guys really add a lot to this site.
November 24, 2007 at 5:07 AM #103263ParticipantBig SDR and little sdr – wow! I guess if you’re a realtor then you are bad. You guys really add a lot to this site.
November 24, 2007 at 5:07 AM #103287ParticipantBig SDR and little sdr – wow! I guess if you’re a realtor then you are bad. You guys really add a lot to this site.
November 24, 2007 at 5:07 AM #103308ParticipantBig SDR and little sdr – wow! I guess if you’re a realtor then you are bad. You guys really add a lot to this site.
November 24, 2007 at 5:39 AM #103173ocrenter
Participantthis never was about realtor bashing. when I bash realtors I make sure to pull the capitalized and trademarked “REALTOR®.” and sdr and SDR have contributed way too much to ever deserve that.
I do echo the call for patience. just sit back for a moment and think about this. When in history have we seen homes drop $200-$300k just in a year? I remember my folks being unhappy when their equity in WestLA dropped by $30k from peak to valley from ’89 to ’96. good grief, they are STILL talking about it like it was yesterday. And now we see drops of $200k in a single year and people are throwing out quotes about how certain predictions weren’t met (in reference to the 4S REO).
November 24, 2007 at 5:39 AM #103254Participantthis never was about realtor bashing. when I bash realtors I make sure to pull the capitalized and trademarked “REALTOR®.” and sdr and SDR have contributed way too much to ever deserve that.
I do echo the call for patience. just sit back for a moment and think about this. When in history have we seen homes drop $200-$300k just in a year? I remember my folks being unhappy when their equity in WestLA dropped by $30k from peak to valley from ’89 to ’96. good grief, they are STILL talking about it like it was yesterday. And now we see drops of $200k in a single year and people are throwing out quotes about how certain predictions weren’t met (in reference to the 4S REO).
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