RatherOpinionated: I beg to differ. I say that prices will fall back to a minimum of 2000 levels and most likely to 1998 (or lower). If the liars can’t get loans and a decent credit score, proof of income and a reasonable down payment will now be required, just who do you think is going to line up and buy all of this inventory that is already on the market, much less, what’s going to hit the market over the next three years?
BTW: You write exactly like another troll who’s been posting on this forum for the last couple of weeks under various names.
You would be trying to rent out a crap hole of a home near SDSU, would you? 🙂
EX-SD,
If homes in my neighborhood (which rent very very quickly) dropped to 1998 prices they would be cash positive by more than $1000 per month based upon current rents. At 2000 prices they would be cash flow positive by more than $500 per month.
Do you honestly believe prices will reach those levels? There are a lot of my neighbors (Drs. lawyers, execs, business owners, wealthy retirees etc. ) that would buy every one of them well before they approached those levels as investments.
EX-SD,
If homes in my neighborhood (which rent very very quickly) dropped to 1998 prices they would be cash positive by more than $1000 per month based upon current rents. At 2000 prices they would be cash flow positive by more than $500 per month.
Do you honestly believe prices will reach those levels? There are a lot of my neighbors (Drs. lawyers, execs, business owners, wealthy retirees etc. ) that would buy every one of them well before they approached those levels as investments.
EX-SD,
If homes in my neighborhood (which rent very very quickly) dropped to 1998 prices they would be cash positive by more than $1000 per month based upon current rents. At 2000 prices they would be cash flow positive by more than $500 per month.
Do you honestly believe prices will reach those levels? There are a lot of my neighbors (Drs. lawyers, execs, business owners, wealthy retirees etc. ) that would buy every one of them well before they approached those levels as investments.
EX-SD,
If homes in my neighborhood (which rent very very quickly) dropped to 1998 prices they would be cash positive by more than $1000 per month based upon current rents. At 2000 prices they would be cash flow positive by more than $500 per month.
Do you honestly believe prices will reach those levels? There are a lot of my neighbors (Drs. lawyers, execs, business owners, wealthy retirees etc. ) that would buy every one of them well before they approached those levels as investments.
