So I’m seriously thinking of jumping in

[SD Realtor]

Carlsbadworker I definitely understand the family reasons for moving. If you gotta do it ya gotta do it. I am not so sure I agree with your prognostication of 10-20 percent decline in a few months but stranger things have happened. My stock advice is if the question is put in purely financial terms then no I would not recommend buying to anyone. Intnagibles such as family, lifestyle and or personal preferences have different priorities to different people.

Arraya as with all your other posts I agree with the above one you wrote for the most part. My only point of contention is an underestimation of divine intervention in the form of our nanny state. The more I keep hearing about bailouts the more I think we will be in this long slow japan like rut.

Let me ask you this, what happens if at least half of the upcoming 500 billion gets bailed out by the taxpayers in the form of principal adjustments where the lenders take the hit on the books but the FHA covers it.if Obama wins and the dems run the senate and house don’t you think something ugly will be passed? Today we saw a 300 billion towel.

Sorry for hijacking

[carlsbadworker]

SD Realtor, here is the reasoning behind my prognostication:
1. I see steep price drop highly correlated with the amount of foreclosure homes in the market (as banks always cut price relentlessly). We have a spike in foreclosure activities in earlier this year, that is when we see 3%+ price drop each month in SD real estate price.
2. In May-June, we reached a psychological threshold of 30% price drop from the peak, as a result, we see a lot of “investors” jump in but I believe at the same time we should be seeing people walking away from their houses since they are under water so much.
3. It takes 5 months for homeowner to stop payment and the NOD are being filed against them, then 1-4 months for the house to go into foreclosure pool. That is why I think toward the end of the year, we will see 3%+ price drop every single month all over again.

[carlsbadworker]

SD Realtor, here is the reasoning behind my prognostication:
1. I see steep price drop highly correlated with the amount of foreclosure homes in the market (as banks always cut price relentlessly). We have a spike in foreclosure activities in earlier this year, that is when we see 3%+ price drop each month in SD real estate price.
2. In May-June, we reached a psychological threshold of 30% price drop from the peak, as a result, we see a lot of “investors” jump in but I believe at the same time we should be seeing people walking away from their houses since they are under water so much.
3. It takes 5 months for homeowner to stop payment and the NOD are being filed against them, then 1-4 months for the house to go into foreclosure pool. That is why I think toward the end of the year, we will see 3%+ price drop every single month all over again.

[carlsbadworker]

SD Realtor, here is the reasoning behind my prognostication:
1. I see steep price drop highly correlated with the amount of foreclosure homes in the market (as banks always cut price relentlessly). We have a spike in foreclosure activities in earlier this year, that is when we see 3%+ price drop each month in SD real estate price.
2. In May-June, we reached a psychological threshold of 30% price drop from the peak, as a result, we see a lot of “investors” jump in but I believe at the same time we should be seeing people walking away from their houses since they are under water so much.
3. It takes 5 months for homeowner to stop payment and the NOD are being filed against them, then 1-4 months for the house to go into foreclosure pool. That is why I think toward the end of the year, we will see 3%+ price drop every single month all over again.

[carlsbadworker]

SD Realtor, here is the reasoning behind my prognostication:
1. I see steep price drop highly correlated with the amount of foreclosure homes in the market (as banks always cut price relentlessly). We have a spike in foreclosure activities in earlier this year, that is when we see 3%+ price drop each month in SD real estate price.
2. In May-June, we reached a psychological threshold of 30% price drop from the peak, as a result, we see a lot of “investors” jump in but I believe at the same time we should be seeing people walking away from their houses since they are under water so much.
3. It takes 5 months for homeowner to stop payment and the NOD are being filed against them, then 1-4 months for the house to go into foreclosure pool. That is why I think toward the end of the year, we will see 3%+ price drop every single month all over again.

[carlsbadworker]

SD Realtor, here is the reasoning behind my prognostication:
1. I see steep price drop highly correlated with the amount of foreclosure homes in the market (as banks always cut price relentlessly). We have a spike in foreclosure activities in earlier this year, that is when we see 3%+ price drop each month in SD real estate price.
2. In May-June, we reached a psychological threshold of 30% price drop from the peak, as a result, we see a lot of “investors” jump in but I believe at the same time we should be seeing people walking away from their houses since they are under water so much.
3. It takes 5 months for homeowner to stop payment and the NOD are being filed against them, then 1-4 months for the house to go into foreclosure pool. That is why I think toward the end of the year, we will see 3%+ price drop every single month all over again.

[(former)FormerSanDiegan]

So I’m seriously thinking of jumping in and buying a condo. Am I crazy to do this within the next 6 months?

It depends on the specifics. Would the unit provide positive after-tax cash flow, assuming reasonable expenses ?

If the answer is yes, then you are not crazy.

[(former)FormerSanDiegan]

So I’m seriously thinking of jumping in and buying a condo. Am I crazy to do this within the next 6 months?

It depends on the specifics. Would the unit provide positive after-tax cash flow, assuming reasonable expenses ?

If the answer is yes, then you are not crazy.

[(former)FormerSanDiegan]

So I’m seriously thinking of jumping in and buying a condo. Am I crazy to do this within the next 6 months?

It depends on the specifics. Would the unit provide positive after-tax cash flow, assuming reasonable expenses ?

If the answer is yes, then you are not crazy.

[(former)FormerSanDiegan]

So I’m seriously thinking of jumping in and buying a condo. Am I crazy to do this within the next 6 months?

It depends on the specifics. Would the unit provide positive after-tax cash flow, assuming reasonable expenses ?

If the answer is yes, then you are not crazy.

[(former)FormerSanDiegan]

So I’m seriously thinking of jumping in and buying a condo. Am I crazy to do this within the next 6 months?

It depends on the specifics. Would the unit provide positive after-tax cash flow, assuming reasonable expenses ?

If the answer is yes, then you are not crazy.

[eyePod]

OK, I will state the obvious. FLPSanDiego, you do not provide any detail as to why you want to buy. What is your motivation, personal situation, criteria for deciding, etc?

[eyePod]

OK, I will state the obvious. FLPSanDiego, you do not provide any detail as to why you want to buy. What is your motivation, personal situation, criteria for deciding, etc?

[eyePod]

OK, I will state the obvious. FLPSanDiego, you do not provide any detail as to why you want to buy. What is your motivation, personal situation, criteria for deciding, etc?

[eyePod]

OK, I will state the obvious. FLPSanDiego, you do not provide any detail as to why you want to buy. What is your motivation, personal situation, criteria for deciding, etc?

[Author]

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