- This topic has 665 replies, 23 voices, and was last updated 14 years, 8 months ago by
scaredyclassic.
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April 6, 2011 at 6:33 AM #685121April 6, 2011 at 7:12 AM #683958
sdrealtor
ParticipantCAR
While it doesnt mean prices cant go down it does mean prices wont go down anywhere near the level of our bet for the good ones which is what you are looking for. If prices drop, your competition goes up not down. Additionally, the kind of buyers I described are lifecycle buyers who are hedged in this market with other real estate. Time has already shown that NINJA buyers were realtively uncommon in our area. Lastly, the buyers we are talking about are far more sensitive to what they want than price.April 6, 2011 at 7:12 AM #684009ParticipantCAR
While it doesnt mean prices cant go down it does mean prices wont go down anywhere near the level of our bet for the good ones which is what you are looking for. If prices drop, your competition goes up not down. Additionally, the kind of buyers I described are lifecycle buyers who are hedged in this market with other real estate. Time has already shown that NINJA buyers were realtively uncommon in our area. Lastly, the buyers we are talking about are far more sensitive to what they want than price.April 6, 2011 at 7:12 AM #684638ParticipantCAR
While it doesnt mean prices cant go down it does mean prices wont go down anywhere near the level of our bet for the good ones which is what you are looking for. If prices drop, your competition goes up not down. Additionally, the kind of buyers I described are lifecycle buyers who are hedged in this market with other real estate. Time has already shown that NINJA buyers were realtively uncommon in our area. Lastly, the buyers we are talking about are far more sensitive to what they want than price.April 6, 2011 at 7:12 AM #684780ParticipantCAR
While it doesnt mean prices cant go down it does mean prices wont go down anywhere near the level of our bet for the good ones which is what you are looking for. If prices drop, your competition goes up not down. Additionally, the kind of buyers I described are lifecycle buyers who are hedged in this market with other real estate. Time has already shown that NINJA buyers were realtively uncommon in our area. Lastly, the buyers we are talking about are far more sensitive to what they want than price.April 6, 2011 at 7:12 AM #685131ParticipantCAR
While it doesnt mean prices cant go down it does mean prices wont go down anywhere near the level of our bet for the good ones which is what you are looking for. If prices drop, your competition goes up not down. Additionally, the kind of buyers I described are lifecycle buyers who are hedged in this market with other real estate. Time has already shown that NINJA buyers were realtively uncommon in our area. Lastly, the buyers we are talking about are far more sensitive to what they want than price.April 6, 2011 at 7:42 AM #683963StaunchLibertarian
Participant[quote=sdrealtor]It is all driven by government-limited supply and government-supported demand.
[/quote]Fixed your post.
On the supply side, government is limiting supply by propping up banks who would otherwise implode and release their REO inventory onto the market.
On the demand side, Fannie and Freddie are still over 90% of the mortgage market. Remove those two and demand (along with housing prices) would crater.
April 6, 2011 at 7:42 AM #684014Participant[quote=sdrealtor]It is all driven by government-limited supply and government-supported demand.
[/quote]Fixed your post.
On the supply side, government is limiting supply by propping up banks who would otherwise implode and release their REO inventory onto the market.
On the demand side, Fannie and Freddie are still over 90% of the mortgage market. Remove those two and demand (along with housing prices) would crater.
April 6, 2011 at 7:42 AM #684643Participant[quote=sdrealtor]It is all driven by government-limited supply and government-supported demand.
[/quote]Fixed your post.
On the supply side, government is limiting supply by propping up banks who would otherwise implode and release their REO inventory onto the market.
On the demand side, Fannie and Freddie are still over 90% of the mortgage market. Remove those two and demand (along with housing prices) would crater.
April 6, 2011 at 7:42 AM #684785Participant[quote=sdrealtor]It is all driven by government-limited supply and government-supported demand.
[/quote]Fixed your post.
On the supply side, government is limiting supply by propping up banks who would otherwise implode and release their REO inventory onto the market.
On the demand side, Fannie and Freddie are still over 90% of the mortgage market. Remove those two and demand (along with housing prices) would crater.
April 6, 2011 at 7:42 AM #685136Participant[quote=sdrealtor]It is all driven by government-limited supply and government-supported demand.
[/quote]Fixed your post.
On the supply side, government is limiting supply by propping up banks who would otherwise implode and release their REO inventory onto the market.
On the demand side, Fannie and Freddie are still over 90% of the mortgage market. Remove those two and demand (along with housing prices) would crater.
April 6, 2011 at 8:17 AM #683968scaredyclassic
ParticipantMaybe it was simpler for your parents. Mine were nervous ahead of their time our family motto was if you’re not nervous you don’t understand the situation. We grew up in less than 1000 sq ft one bath 4 people.
I’m probably less nervous than they were but it’s a close call. I think my wife would agree I get the slight edge in the less nervous award
April 6, 2011 at 8:17 AM #684019ParticipantMaybe it was simpler for your parents. Mine were nervous ahead of their time our family motto was if you’re not nervous you don’t understand the situation. We grew up in less than 1000 sq ft one bath 4 people.
I’m probably less nervous than they were but it’s a close call. I think my wife would agree I get the slight edge in the less nervous award
April 6, 2011 at 8:17 AM #684648ParticipantMaybe it was simpler for your parents. Mine were nervous ahead of their time our family motto was if you’re not nervous you don’t understand the situation. We grew up in less than 1000 sq ft one bath 4 people.
I’m probably less nervous than they were but it’s a close call. I think my wife would agree I get the slight edge in the less nervous award
April 6, 2011 at 8:17 AM #684790ParticipantMaybe it was simpler for your parents. Mine were nervous ahead of their time our family motto was if you’re not nervous you don’t understand the situation. We grew up in less than 1000 sq ft one bath 4 people.
I’m probably less nervous than they were but it’s a close call. I think my wife would agree I get the slight edge in the less nervous award
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