Some numbers

[SD Realtor]

Allan yep on the Bengals… I wonder what the line was in August for them to win the North.. darn…they are scary… bolts need to pile some wins up because I am not thrilled about the bengals game and even the titans are showing a pulse.

Yes the goal line stand was nice. They even did look a little less porous against the running game. This was one of those games to me that they you knew they would win but instead of stepping on phillys throat, they just kind of whimpy’d thier way to a win. No pass rush, and the eagles receivers were consistenly wide open in what could only be described as a soft as sh-t zone… the good thing was that okay nothing deep happened. Also I am liking Siler at LB as well… Jeez Allan they let philly get to the 30 yard line on that last play…

a win is a win though so I will take it.

[pemeliza]

SDR: Last year, I bailed out on a short sale in Helix because something came up on my favorite street in Carlsbad (Obelisco Pl). The house in Carlsbad was perfect and priced at 799k which seemed like a great deal. Problem was it was too good a deal and the house sold for high 8’s and we could not go above 825k. Went back to the short sale in Helix and another buyer had already jumped in to take our place. We waited 6 months to get that short sale approved in Helix at our price. The house was perfect for us but we still had reservations about living in Helix so we were tempted by the Carlsbad REO. I was cursing myself all this year until we found our new house in MH.

I think you too will find the right deal to make you forget about Pudregal and I think it will happen sooner than you think!

[pemeliza]

SDR: Last year, I bailed out on a short sale in Helix because something came up on my favorite street in Carlsbad (Obelisco Pl). The house in Carlsbad was perfect and priced at 799k which seemed like a great deal. Problem was it was too good a deal and the house sold for high 8’s and we could not go above 825k. Went back to the short sale in Helix and another buyer had already jumped in to take our place. We waited 6 months to get that short sale approved in Helix at our price. The house was perfect for us but we still had reservations about living in Helix so we were tempted by the Carlsbad REO. I was cursing myself all this year until we found our new house in MH.

I think you too will find the right deal to make you forget about Pudregal and I think it will happen sooner than you think!

[pemeliza]

SDR: Last year, I bailed out on a short sale in Helix because something came up on my favorite street in Carlsbad (Obelisco Pl). The house in Carlsbad was perfect and priced at 799k which seemed like a great deal. Problem was it was too good a deal and the house sold for high 8’s and we could not go above 825k. Went back to the short sale in Helix and another buyer had already jumped in to take our place. We waited 6 months to get that short sale approved in Helix at our price. The house was perfect for us but we still had reservations about living in Helix so we were tempted by the Carlsbad REO. I was cursing myself all this year until we found our new house in MH.

I think you too will find the right deal to make you forget about Pudregal and I think it will happen sooner than you think!

[pemeliza]

SDR: Last year, I bailed out on a short sale in Helix because something came up on my favorite street in Carlsbad (Obelisco Pl). The house in Carlsbad was perfect and priced at 799k which seemed like a great deal. Problem was it was too good a deal and the house sold for high 8’s and we could not go above 825k. Went back to the short sale in Helix and another buyer had already jumped in to take our place. We waited 6 months to get that short sale approved in Helix at our price. The house was perfect for us but we still had reservations about living in Helix so we were tempted by the Carlsbad REO. I was cursing myself all this year until we found our new house in MH.

I think you too will find the right deal to make you forget about Pudregal and I think it will happen sooner than you think!

[pemeliza]

SDR: Last year, I bailed out on a short sale in Helix because something came up on my favorite street in Carlsbad (Obelisco Pl). The house in Carlsbad was perfect and priced at 799k which seemed like a great deal. Problem was it was too good a deal and the house sold for high 8’s and we could not go above 825k. Went back to the short sale in Helix and another buyer had already jumped in to take our place. We waited 6 months to get that short sale approved in Helix at our price. The house was perfect for us but we still had reservations about living in Helix so we were tempted by the Carlsbad REO. I was cursing myself all this year until we found our new house in MH.

I think you too will find the right deal to make you forget about Pudregal and I think it will happen sooner than you think!

[NotCranky]

Not that you asked, but I think unless your target property has changed that you are near the bottom or within 10%. I know I swim against the tide when I say that higher rates are not going to bring a great deal compared to now …or soon. I told the Temecula guys that they would do well finding a sweet spot between rates and price over a year ago and I think that prediction worked out well. Even paying cash, at the court house or otherwise, I don’t think the bargains will be much better in the future unless you are talking about houses that were priced more,to much than 1.5M at peak.Of course one or two zips always provide an exception to whatever trend in any direction. I don’t think it will be yours.

I still think there is a price trend increasing “butterfly effect”(copyright Bugs) in parts the county relative to the time period from the 90’s bust and subsequent run-up. This is a percentage of gains that seem like they should disappear but wont’t(nominally). Large parts of close in San Diego,where previously mostly only investors, single folks, and some blue collar families would buy, have since gentrified or semi-gentrified and have many a much wealthier, not so job dependent or dual income owner occupant(s) where there was likely one semi-skilled earner(or a renter) previously. Much of San Diego did experience to some degree a San Francisco effect, it got richer. I guess what I am trying to say is that extra million or so people in the county since the 90’s, a lot of them coming from higher priced areas, puts disproportionate pressure on close in housing stock which has this “Butterfly” effect on not as close but still close in quality neighborhoods. Even in cases of loan mods some areas are going to have lower re-default rates.I think the proportions will work less in favor of non-ghetto metro and good fairly close in nicer neighborhoods. (all comments do not include skyscraper condos,which I know little about)
I think this is all going to have a washing out effect on some of the downward price pressure items.

Not that you asked again,but…as far as selling real estate goes I think you Realtor guys should consider selling commercial foreclosures, if you can and haven’t.

[NotCranky]

Not that you asked, but I think unless your target property has changed that you are near the bottom or within 10%. I know I swim against the tide when I say that higher rates are not going to bring a great deal compared to now …or soon. I told the Temecula guys that they would do well finding a sweet spot between rates and price over a year ago and I think that prediction worked out well. Even paying cash, at the court house or otherwise, I don’t think the bargains will be much better in the future unless you are talking about houses that were priced more,to much than 1.5M at peak.Of course one or two zips always provide an exception to whatever trend in any direction. I don’t think it will be yours.

I still think there is a price trend increasing “butterfly effect”(copyright Bugs) in parts the county relative to the time period from the 90’s bust and subsequent run-up. This is a percentage of gains that seem like they should disappear but wont’t(nominally). Large parts of close in San Diego,where previously mostly only investors, single folks, and some blue collar families would buy, have since gentrified or semi-gentrified and have many a much wealthier, not so job dependent or dual income owner occupant(s) where there was likely one semi-skilled earner(or a renter) previously. Much of San Diego did experience to some degree a San Francisco effect, it got richer. I guess what I am trying to say is that extra million or so people in the county since the 90’s, a lot of them coming from higher priced areas, puts disproportionate pressure on close in housing stock which has this “Butterfly” effect on not as close but still close in quality neighborhoods. Even in cases of loan mods some areas are going to have lower re-default rates.I think the proportions will work less in favor of non-ghetto metro and good fairly close in nicer neighborhoods. (all comments do not include skyscraper condos,which I know little about)
I think this is all going to have a washing out effect on some of the downward price pressure items.

Not that you asked again,but…as far as selling real estate goes I think you Realtor guys should consider selling commercial foreclosures, if you can and haven’t.

[NotCranky]

Not that you asked, but I think unless your target property has changed that you are near the bottom or within 10%. I know I swim against the tide when I say that higher rates are not going to bring a great deal compared to now …or soon. I told the Temecula guys that they would do well finding a sweet spot between rates and price over a year ago and I think that prediction worked out well. Even paying cash, at the court house or otherwise, I don’t think the bargains will be much better in the future unless you are talking about houses that were priced more,to much than 1.5M at peak.Of course one or two zips always provide an exception to whatever trend in any direction. I don’t think it will be yours.

I still think there is a price trend increasing “butterfly effect”(copyright Bugs) in parts the county relative to the time period from the 90’s bust and subsequent run-up. This is a percentage of gains that seem like they should disappear but wont’t(nominally). Large parts of close in San Diego,where previously mostly only investors, single folks, and some blue collar families would buy, have since gentrified or semi-gentrified and have many a much wealthier, not so job dependent or dual income owner occupant(s) where there was likely one semi-skilled earner(or a renter) previously. Much of San Diego did experience to some degree a San Francisco effect, it got richer. I guess what I am trying to say is that extra million or so people in the county since the 90’s, a lot of them coming from higher priced areas, puts disproportionate pressure on close in housing stock which has this “Butterfly” effect on not as close but still close in quality neighborhoods. Even in cases of loan mods some areas are going to have lower re-default rates.I think the proportions will work less in favor of non-ghetto metro and good fairly close in nicer neighborhoods. (all comments do not include skyscraper condos,which I know little about)
I think this is all going to have a washing out effect on some of the downward price pressure items.

Not that you asked again,but…as far as selling real estate goes I think you Realtor guys should consider selling commercial foreclosures, if you can and haven’t.

[NotCranky]

Not that you asked, but I think unless your target property has changed that you are near the bottom or within 10%. I know I swim against the tide when I say that higher rates are not going to bring a great deal compared to now …or soon. I told the Temecula guys that they would do well finding a sweet spot between rates and price over a year ago and I think that prediction worked out well. Even paying cash, at the court house or otherwise, I don’t think the bargains will be much better in the future unless you are talking about houses that were priced more,to much than 1.5M at peak.Of course one or two zips always provide an exception to whatever trend in any direction. I don’t think it will be yours.

I still think there is a price trend increasing “butterfly effect”(copyright Bugs) in parts the county relative to the time period from the 90’s bust and subsequent run-up. This is a percentage of gains that seem like they should disappear but wont’t(nominally). Large parts of close in San Diego,where previously mostly only investors, single folks, and some blue collar families would buy, have since gentrified or semi-gentrified and have many a much wealthier, not so job dependent or dual income owner occupant(s) where there was likely one semi-skilled earner(or a renter) previously. Much of San Diego did experience to some degree a San Francisco effect, it got richer. I guess what I am trying to say is that extra million or so people in the county since the 90’s, a lot of them coming from higher priced areas, puts disproportionate pressure on close in housing stock which has this “Butterfly” effect on not as close but still close in quality neighborhoods. Even in cases of loan mods some areas are going to have lower re-default rates.I think the proportions will work less in favor of non-ghetto metro and good fairly close in nicer neighborhoods. (all comments do not include skyscraper condos,which I know little about)
I think this is all going to have a washing out effect on some of the downward price pressure items.

Not that you asked again,but…as far as selling real estate goes I think you Realtor guys should consider selling commercial foreclosures, if you can and haven’t.

[NotCranky]

Not that you asked, but I think unless your target property has changed that you are near the bottom or within 10%. I know I swim against the tide when I say that higher rates are not going to bring a great deal compared to now …or soon. I told the Temecula guys that they would do well finding a sweet spot between rates and price over a year ago and I think that prediction worked out well. Even paying cash, at the court house or otherwise, I don’t think the bargains will be much better in the future unless you are talking about houses that were priced more,to much than 1.5M at peak.Of course one or two zips always provide an exception to whatever trend in any direction. I don’t think it will be yours.

I still think there is a price trend increasing “butterfly effect”(copyright Bugs) in parts the county relative to the time period from the 90’s bust and subsequent run-up. This is a percentage of gains that seem like they should disappear but wont’t(nominally). Large parts of close in San Diego,where previously mostly only investors, single folks, and some blue collar families would buy, have since gentrified or semi-gentrified and have many a much wealthier, not so job dependent or dual income owner occupant(s) where there was likely one semi-skilled earner(or a renter) previously. Much of San Diego did experience to some degree a San Francisco effect, it got richer. I guess what I am trying to say is that extra million or so people in the county since the 90’s, a lot of them coming from higher priced areas, puts disproportionate pressure on close in housing stock which has this “Butterfly” effect on not as close but still close in quality neighborhoods. Even in cases of loan mods some areas are going to have lower re-default rates.I think the proportions will work less in favor of non-ghetto metro and good fairly close in nicer neighborhoods. (all comments do not include skyscraper condos,which I know little about)
I think this is all going to have a washing out effect on some of the downward price pressure items.

Not that you asked again,but…as far as selling real estate goes I think you Realtor guys should consider selling commercial foreclosures, if you can and haven’t.

[SD Realtor]

Thoughtful post. Definitely against the tide here but alot of those against the tide posts make alot of sense as yours does.

Contrary to most people, I am not searching for a bottom of the market price, simply a price that I can afford for a given home/area/lot size. I don’t view a home as an asset. The home I bought in Talmadge in 2003 is already underwater but I didn’t buy it to make money on it. I bought in it to live in it. Even though we outgrew it and I rent it out now, I will hold onto it because we like the home. Now that is me an only me so that is okay. Most people here that post alot don’t feel that way at all which is okay. However more people here actually do feel that way, they just do not post as much. Still many many other posters have indeed purchased over the past year. Not one of them ever purchased and stated that they bought because they thought it was a market bottom.

I think you and I differ about our feelings regarding the magnitude of the depreciation when rates do move up but there is no way in the world I am going to wait. One way or another we will buy this year, the only question will be whether it is here in San Diego or whether it will be out of state. With that said, I have a hard time challenging your theory on the butterfly effect.

As far as foreclosures go… well… I am not a commercial guy and I honestly do not have the time to learn something else. Residential foreclosure market… yes I will stick with that because it has worked out pretty well for us. The margins are getting tighter but there is still room to make a little money. I do think there is great opportunity in commercial which is what you are implying.

[SD Realtor]

Thoughtful post. Definitely against the tide here but alot of those against the tide posts make alot of sense as yours does.

Contrary to most people, I am not searching for a bottom of the market price, simply a price that I can afford for a given home/area/lot size. I don’t view a home as an asset. The home I bought in Talmadge in 2003 is already underwater but I didn’t buy it to make money on it. I bought in it to live in it. Even though we outgrew it and I rent it out now, I will hold onto it because we like the home. Now that is me an only me so that is okay. Most people here that post alot don’t feel that way at all which is okay. However more people here actually do feel that way, they just do not post as much. Still many many other posters have indeed purchased over the past year. Not one of them ever purchased and stated that they bought because they thought it was a market bottom.

I think you and I differ about our feelings regarding the magnitude of the depreciation when rates do move up but there is no way in the world I am going to wait. One way or another we will buy this year, the only question will be whether it is here in San Diego or whether it will be out of state. With that said, I have a hard time challenging your theory on the butterfly effect.

As far as foreclosures go… well… I am not a commercial guy and I honestly do not have the time to learn something else. Residential foreclosure market… yes I will stick with that because it has worked out pretty well for us. The margins are getting tighter but there is still room to make a little money. I do think there is great opportunity in commercial which is what you are implying.

[SD Realtor]

Thoughtful post. Definitely against the tide here but alot of those against the tide posts make alot of sense as yours does.

Contrary to most people, I am not searching for a bottom of the market price, simply a price that I can afford for a given home/area/lot size. I don’t view a home as an asset. The home I bought in Talmadge in 2003 is already underwater but I didn’t buy it to make money on it. I bought in it to live in it. Even though we outgrew it and I rent it out now, I will hold onto it because we like the home. Now that is me an only me so that is okay. Most people here that post alot don’t feel that way at all which is okay. However more people here actually do feel that way, they just do not post as much. Still many many other posters have indeed purchased over the past year. Not one of them ever purchased and stated that they bought because they thought it was a market bottom.

I think you and I differ about our feelings regarding the magnitude of the depreciation when rates do move up but there is no way in the world I am going to wait. One way or another we will buy this year, the only question will be whether it is here in San Diego or whether it will be out of state. With that said, I have a hard time challenging your theory on the butterfly effect.

As far as foreclosures go… well… I am not a commercial guy and I honestly do not have the time to learn something else. Residential foreclosure market… yes I will stick with that because it has worked out pretty well for us. The margins are getting tighter but there is still room to make a little money. I do think there is great opportunity in commercial which is what you are implying.

[SD Realtor]

Thoughtful post. Definitely against the tide here but alot of those against the tide posts make alot of sense as yours does.

Contrary to most people, I am not searching for a bottom of the market price, simply a price that I can afford for a given home/area/lot size. I don’t view a home as an asset. The home I bought in Talmadge in 2003 is already underwater but I didn’t buy it to make money on it. I bought in it to live in it. Even though we outgrew it and I rent it out now, I will hold onto it because we like the home. Now that is me an only me so that is okay. Most people here that post alot don’t feel that way at all which is okay. However more people here actually do feel that way, they just do not post as much. Still many many other posters have indeed purchased over the past year. Not one of them ever purchased and stated that they bought because they thought it was a market bottom.

I think you and I differ about our feelings regarding the magnitude of the depreciation when rates do move up but there is no way in the world I am going to wait. One way or another we will buy this year, the only question will be whether it is here in San Diego or whether it will be out of state. With that said, I have a hard time challenging your theory on the butterfly effect.

As far as foreclosures go… well… I am not a commercial guy and I honestly do not have the time to learn something else. Residential foreclosure market… yes I will stick with that because it has worked out pretty well for us. The margins are getting tighter but there is still room to make a little money. I do think there is great opportunity in commercial which is what you are implying.

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