S.D. County home prices lowest since Sept. ’03

[Bugs]

These are the people that the politicians want to rescue.

[34f3f3f]

But even if prices are starting to get back to “normal”, whatever that means, it’s only within a certain price range, and if these foreclosures continue especially with Option ARM resets next year, I’d think they have further to fall. I’d wait until I see a small uptick (excl. season bounces) in prices, rather than catching it on the way down. Then at least you know you’ve reached the bottom.

[34f3f3f]

But even if prices are starting to get back to “normal”, whatever that means, it’s only within a certain price range, and if these foreclosures continue especially with Option ARM resets next year, I’d think they have further to fall. I’d wait until I see a small uptick (excl. season bounces) in prices, rather than catching it on the way down. Then at least you know you’ve reached the bottom.

[34f3f3f]

But even if prices are starting to get back to “normal”, whatever that means, it’s only within a certain price range, and if these foreclosures continue especially with Option ARM resets next year, I’d think they have further to fall. I’d wait until I see a small uptick (excl. season bounces) in prices, rather than catching it on the way down. Then at least you know you’ve reached the bottom.

[34f3f3f]

But even if prices are starting to get back to “normal”, whatever that means, it’s only within a certain price range, and if these foreclosures continue especially with Option ARM resets next year, I’d think they have further to fall. I’d wait until I see a small uptick (excl. season bounces) in prices, rather than catching it on the way down. Then at least you know you’ve reached the bottom.

[34f3f3f]

But even if prices are starting to get back to “normal”, whatever that means, it’s only within a certain price range, and if these foreclosures continue especially with Option ARM resets next year, I’d think they have further to fall. I’d wait until I see a small uptick (excl. season bounces) in prices, rather than catching it on the way down. Then at least you know you’ve reached the bottom.

[PadreBrian]

[quote=PD]I had a hair appointment yesterday and my stylist was very open about the fact that she and her hubby are going to do either a short sale or a foreclosure on their condo. She doesn’t care which one so long as they don’t have to pay the 3K mortgage when they can rent for 2K. She told me the loan is going to reset in October and there was no way they were going pay more. They have already stopped paying and she was really happy about the fact that they are saving that money for a future down payment on the next property. She said, “(my husband) has already gotten everything he wanted out of it. He’s got his chopper and some other things.” [/quote]

This makes me cry for humanity.

[PadreBrian]

[quote=PD]I had a hair appointment yesterday and my stylist was very open about the fact that she and her hubby are going to do either a short sale or a foreclosure on their condo. She doesn’t care which one so long as they don’t have to pay the 3K mortgage when they can rent for 2K. She told me the loan is going to reset in October and there was no way they were going pay more. They have already stopped paying and she was really happy about the fact that they are saving that money for a future down payment on the next property. She said, “(my husband) has already gotten everything he wanted out of it. He’s got his chopper and some other things.” [/quote]

This makes me cry for humanity.

[PadreBrian]

[quote=PD]I had a hair appointment yesterday and my stylist was very open about the fact that she and her hubby are going to do either a short sale or a foreclosure on their condo. She doesn’t care which one so long as they don’t have to pay the 3K mortgage when they can rent for 2K. She told me the loan is going to reset in October and there was no way they were going pay more. They have already stopped paying and she was really happy about the fact that they are saving that money for a future down payment on the next property. She said, “(my husband) has already gotten everything he wanted out of it. He’s got his chopper and some other things.” [/quote]

This makes me cry for humanity.

[PadreBrian]

[quote=PD]I had a hair appointment yesterday and my stylist was very open about the fact that she and her hubby are going to do either a short sale or a foreclosure on their condo. She doesn’t care which one so long as they don’t have to pay the 3K mortgage when they can rent for 2K. She told me the loan is going to reset in October and there was no way they were going pay more. They have already stopped paying and she was really happy about the fact that they are saving that money for a future down payment on the next property. She said, “(my husband) has already gotten everything he wanted out of it. He’s got his chopper and some other things.” [/quote]

This makes me cry for humanity.

[PadreBrian]

[quote=PD]I had a hair appointment yesterday and my stylist was very open about the fact that she and her hubby are going to do either a short sale or a foreclosure on their condo. She doesn’t care which one so long as they don’t have to pay the 3K mortgage when they can rent for 2K. She told me the loan is going to reset in October and there was no way they were going pay more. They have already stopped paying and she was really happy about the fact that they are saving that money for a future down payment on the next property. She said, “(my husband) has already gotten everything he wanted out of it. He’s got his chopper and some other things.” [/quote]

This makes me cry for humanity.

[Author]

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