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smshorttimer.
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August 8, 2008 at 4:08 PM #254968August 8, 2008 at 4:08 PM #255025
smshorttimer
ParticipantI’ve figured out what adjective to put in front of my nickname!
August 8, 2008 at 4:08 PM #255076ParticipantI’ve figured out what adjective to put in front of my nickname!
August 8, 2008 at 5:04 PM #254831DWCAP
Participant[quote=sdrealtor]7% wont do a thing IMO. The loan amounts I am seeing in MM are 200K to 250K. We are talking about an extra couple hundred bucks a month for dual income frugal households that have incomes of 80K to 200k.
Get real pal[/quote]
Uh, ok, glad you have an opnion.
My point was that increasing interest rates will hit demand, along with everything else mentioned in the previous post. I was giving reasons why foreclosures don’t explain the whole market. Not that demand will stop when interest rates rise.
August 8, 2008 at 5:04 PM #255002Participant[quote=sdrealtor]7% wont do a thing IMO. The loan amounts I am seeing in MM are 200K to 250K. We are talking about an extra couple hundred bucks a month for dual income frugal households that have incomes of 80K to 200k.
Get real pal[/quote]
Uh, ok, glad you have an opnion.
My point was that increasing interest rates will hit demand, along with everything else mentioned in the previous post. I was giving reasons why foreclosures don’t explain the whole market. Not that demand will stop when interest rates rise.
August 8, 2008 at 5:04 PM #255008Participant[quote=sdrealtor]7% wont do a thing IMO. The loan amounts I am seeing in MM are 200K to 250K. We are talking about an extra couple hundred bucks a month for dual income frugal households that have incomes of 80K to 200k.
Get real pal[/quote]
Uh, ok, glad you have an opnion.
My point was that increasing interest rates will hit demand, along with everything else mentioned in the previous post. I was giving reasons why foreclosures don’t explain the whole market. Not that demand will stop when interest rates rise.
August 8, 2008 at 5:04 PM #255065Participant[quote=sdrealtor]7% wont do a thing IMO. The loan amounts I am seeing in MM are 200K to 250K. We are talking about an extra couple hundred bucks a month for dual income frugal households that have incomes of 80K to 200k.
Get real pal[/quote]
Uh, ok, glad you have an opnion.
My point was that increasing interest rates will hit demand, along with everything else mentioned in the previous post. I was giving reasons why foreclosures don’t explain the whole market. Not that demand will stop when interest rates rise.
August 8, 2008 at 5:04 PM #255116Participant[quote=sdrealtor]7% wont do a thing IMO. The loan amounts I am seeing in MM are 200K to 250K. We are talking about an extra couple hundred bucks a month for dual income frugal households that have incomes of 80K to 200k.
Get real pal[/quote]
Uh, ok, glad you have an opnion.
My point was that increasing interest rates will hit demand, along with everything else mentioned in the previous post. I was giving reasons why foreclosures don’t explain the whole market. Not that demand will stop when interest rates rise.
August 8, 2008 at 5:26 PM #254840ibjames
ParticipantIt all seems odd to me that Mira Mesa houses are selling like they are, perhaps it’s because they are the lowest prices in all of SD and people just want a house and have changed their minds about Mira Mesa?
If it is one of the only really competitively priced places in SD do you think it’s kind of like a blue light special? Everyone is rushing to buy?
Other areas have been slow to erode, but we have seen evidence that there are more loans to reset, as more areas become affected you would think that the interest in MM would erode also, dropping prices more.
Personally, it is very alarming for me to see that MM is selling like it is. Though I won’t go out there and buy right now, I still want to see what the fall brings before I start getting really worried
August 8, 2008 at 5:26 PM #255012ParticipantIt all seems odd to me that Mira Mesa houses are selling like they are, perhaps it’s because they are the lowest prices in all of SD and people just want a house and have changed their minds about Mira Mesa?
If it is one of the only really competitively priced places in SD do you think it’s kind of like a blue light special? Everyone is rushing to buy?
Other areas have been slow to erode, but we have seen evidence that there are more loans to reset, as more areas become affected you would think that the interest in MM would erode also, dropping prices more.
Personally, it is very alarming for me to see that MM is selling like it is. Though I won’t go out there and buy right now, I still want to see what the fall brings before I start getting really worried
August 8, 2008 at 5:26 PM #255018ParticipantIt all seems odd to me that Mira Mesa houses are selling like they are, perhaps it’s because they are the lowest prices in all of SD and people just want a house and have changed their minds about Mira Mesa?
If it is one of the only really competitively priced places in SD do you think it’s kind of like a blue light special? Everyone is rushing to buy?
Other areas have been slow to erode, but we have seen evidence that there are more loans to reset, as more areas become affected you would think that the interest in MM would erode also, dropping prices more.
Personally, it is very alarming for me to see that MM is selling like it is. Though I won’t go out there and buy right now, I still want to see what the fall brings before I start getting really worried
August 8, 2008 at 5:26 PM #255075ParticipantIt all seems odd to me that Mira Mesa houses are selling like they are, perhaps it’s because they are the lowest prices in all of SD and people just want a house and have changed their minds about Mira Mesa?
If it is one of the only really competitively priced places in SD do you think it’s kind of like a blue light special? Everyone is rushing to buy?
Other areas have been slow to erode, but we have seen evidence that there are more loans to reset, as more areas become affected you would think that the interest in MM would erode also, dropping prices more.
Personally, it is very alarming for me to see that MM is selling like it is. Though I won’t go out there and buy right now, I still want to see what the fall brings before I start getting really worried
August 8, 2008 at 5:26 PM #255126ParticipantIt all seems odd to me that Mira Mesa houses are selling like they are, perhaps it’s because they are the lowest prices in all of SD and people just want a house and have changed their minds about Mira Mesa?
If it is one of the only really competitively priced places in SD do you think it’s kind of like a blue light special? Everyone is rushing to buy?
Other areas have been slow to erode, but we have seen evidence that there are more loans to reset, as more areas become affected you would think that the interest in MM would erode also, dropping prices more.
Personally, it is very alarming for me to see that MM is selling like it is. Though I won’t go out there and buy right now, I still want to see what the fall brings before I start getting really worried
August 8, 2008 at 9:48 PM #254934SD Realtor
ParticipantJames it is like CA Renter pointed out, they are selling BECAUSE of aggressive pricing. I would not get worried at all. I would however reset expectations. In the late winter and early spring I was hoping by late summer things would be slower. They are not so now I am pushing back another 6 months into winter of 08. Again, without an external catalyst I don’t see much change happening in MM.
August 8, 2008 at 9:48 PM #255107ParticipantJames it is like CA Renter pointed out, they are selling BECAUSE of aggressive pricing. I would not get worried at all. I would however reset expectations. In the late winter and early spring I was hoping by late summer things would be slower. They are not so now I am pushing back another 6 months into winter of 08. Again, without an external catalyst I don’t see much change happening in MM.
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