Spring Buying Season

[gn]

You're speculating that these "phantom" inventory will become rental. Mira Mesa have no new housing inventory, so I don't see how these "phantom" inventory will affect rental rates. The rest of your argument are speculations as well. I don't see data to support your argument.  To me, it's no better than the "we're running out of land" argument from the perma-bulls.

Here's the data from ForeclosureRadar.com 🙂  Take a look at the picture. Each one of the bubble is a "distressed property". Note on the lower right hand side: "showing 200 of 457"

[img_assist|nid=6993|title=MiraMesa|desc=|link=node|align=left|width=466|height=405]

[an]

Once again, you’re assuming all those will become rental. Do you know if they’re completely empty or do they have people living in there? If they do and IF these property does become rental, those same people will be renting those houses. So rental supply goes up but so would demand. The people who are in there right now are not in the rental demand pool. Do you get my point?

[an]

Once again, you’re assuming all those will become rental. Do you know if they’re completely empty or do they have people living in there? If they do and IF these property does become rental, those same people will be renting those houses. So rental supply goes up but so would demand. The people who are in there right now are not in the rental demand pool. Do you get my point?

[an]

Once again, you’re assuming all those will become rental. Do you know if they’re completely empty or do they have people living in there? If they do and IF these property does become rental, those same people will be renting those houses. So rental supply goes up but so would demand. The people who are in there right now are not in the rental demand pool. Do you get my point?

[an]

Once again, you’re assuming all those will become rental. Do you know if they’re completely empty or do they have people living in there? If they do and IF these property does become rental, those same people will be renting those houses. So rental supply goes up but so would demand. The people who are in there right now are not in the rental demand pool. Do you get my point?

[an]

Once again, you’re assuming all those will become rental. Do you know if they’re completely empty or do they have people living in there? If they do and IF these property does become rental, those same people will be renting those houses. So rental supply goes up but so would demand. The people who are in there right now are not in the rental demand pool. Do you get my point?

[gn]

During the real estate boom, there were many “pretenders”. They come in many stripes:

1. People whose incomes are so low that lenders (under normal circumstances) would not lend them money to buy anything, not even condos. These people ended up as owners of SFH, anyway. They are “renters who pretend to be homeowners”.

2. People whose incomes allow them to buy condos/town houses only. These people ended up as owners of SFH, anyway. They are “condos/town house owner who pretend to be SFH homeowners”.

3. Then there are those who can afford a small SFH in Mira Mesa. When values go up, they extract equities to buy additional properties or fancy cars or fancy vacations. They are “lower middle class folks who pretend to be able to afford the upper middle class lifestyles.”

Now, the data from ForeclosreRadar.com tells me that Mira Mesa has more than its share of “pretenders”. These “pretenders” have been living beyond their means, so now it’s time to pay the pipers.

Basically, they mortgaged their future, they spent their future earnings. This means that they won’t be able to return to their previous standard of living before the bubble. So, they won’t even be able to rent in Mira Mesa.

Now, you can say that I’m a speculator if you want. But, there is a truism that transcend time/place: All debts have to be paid 🙂

[gn]

During the real estate boom, there were many “pretenders”. They come in many stripes:

1. People whose incomes are so low that lenders (under normal circumstances) would not lend them money to buy anything, not even condos. These people ended up as owners of SFH, anyway. They are “renters who pretend to be homeowners”.

2. People whose incomes allow them to buy condos/town houses only. These people ended up as owners of SFH, anyway. They are “condos/town house owner who pretend to be SFH homeowners”.

3. Then there are those who can afford a small SFH in Mira Mesa. When values go up, they extract equities to buy additional properties or fancy cars or fancy vacations. They are “lower middle class folks who pretend to be able to afford the upper middle class lifestyles.”

Now, the data from ForeclosreRadar.com tells me that Mira Mesa has more than its share of “pretenders”. These “pretenders” have been living beyond their means, so now it’s time to pay the pipers.

Basically, they mortgaged their future, they spent their future earnings. This means that they won’t be able to return to their previous standard of living before the bubble. So, they won’t even be able to rent in Mira Mesa.

Now, you can say that I’m a speculator if you want. But, there is a truism that transcend time/place: All debts have to be paid 🙂

[gn]

During the real estate boom, there were many “pretenders”. They come in many stripes:

1. People whose incomes are so low that lenders (under normal circumstances) would not lend them money to buy anything, not even condos. These people ended up as owners of SFH, anyway. They are “renters who pretend to be homeowners”.

2. People whose incomes allow them to buy condos/town houses only. These people ended up as owners of SFH, anyway. They are “condos/town house owner who pretend to be SFH homeowners”.

3. Then there are those who can afford a small SFH in Mira Mesa. When values go up, they extract equities to buy additional properties or fancy cars or fancy vacations. They are “lower middle class folks who pretend to be able to afford the upper middle class lifestyles.”

Now, the data from ForeclosreRadar.com tells me that Mira Mesa has more than its share of “pretenders”. These “pretenders” have been living beyond their means, so now it’s time to pay the pipers.

Basically, they mortgaged their future, they spent their future earnings. This means that they won’t be able to return to their previous standard of living before the bubble. So, they won’t even be able to rent in Mira Mesa.

Now, you can say that I’m a speculator if you want. But, there is a truism that transcend time/place: All debts have to be paid 🙂

[gn]

During the real estate boom, there were many “pretenders”. They come in many stripes:

1. People whose incomes are so low that lenders (under normal circumstances) would not lend them money to buy anything, not even condos. These people ended up as owners of SFH, anyway. They are “renters who pretend to be homeowners”.

2. People whose incomes allow them to buy condos/town houses only. These people ended up as owners of SFH, anyway. They are “condos/town house owner who pretend to be SFH homeowners”.

3. Then there are those who can afford a small SFH in Mira Mesa. When values go up, they extract equities to buy additional properties or fancy cars or fancy vacations. They are “lower middle class folks who pretend to be able to afford the upper middle class lifestyles.”

Now, the data from ForeclosreRadar.com tells me that Mira Mesa has more than its share of “pretenders”. These “pretenders” have been living beyond their means, so now it’s time to pay the pipers.

Basically, they mortgaged their future, they spent their future earnings. This means that they won’t be able to return to their previous standard of living before the bubble. So, they won’t even be able to rent in Mira Mesa.

Now, you can say that I’m a speculator if you want. But, there is a truism that transcend time/place: All debts have to be paid 🙂

[gn]

During the real estate boom, there were many “pretenders”. They come in many stripes:

1. People whose incomes are so low that lenders (under normal circumstances) would not lend them money to buy anything, not even condos. These people ended up as owners of SFH, anyway. They are “renters who pretend to be homeowners”.

2. People whose incomes allow them to buy condos/town houses only. These people ended up as owners of SFH, anyway. They are “condos/town house owner who pretend to be SFH homeowners”.

3. Then there are those who can afford a small SFH in Mira Mesa. When values go up, they extract equities to buy additional properties or fancy cars or fancy vacations. They are “lower middle class folks who pretend to be able to afford the upper middle class lifestyles.”

Now, the data from ForeclosreRadar.com tells me that Mira Mesa has more than its share of “pretenders”. These “pretenders” have been living beyond their means, so now it’s time to pay the pipers.

Basically, they mortgaged their future, they spent their future earnings. This means that they won’t be able to return to their previous standard of living before the bubble. So, they won’t even be able to rent in Mira Mesa.

Now, you can say that I’m a speculator if you want. But, there is a truism that transcend time/place: All debts have to be paid 🙂

[jpinpb]

ah – you’re assuming that they will rent in Mira Mesa, or even in San Diego – or California for that matter. What if they get a job out of state and relocate. Or move in w/families maybe even midwest or back east. Crazier things are happening.

[jpinpb]

ah – you’re assuming that they will rent in Mira Mesa, or even in San Diego – or California for that matter. What if they get a job out of state and relocate. Or move in w/families maybe even midwest or back east. Crazier things are happening.

[jpinpb]

ah – you’re assuming that they will rent in Mira Mesa, or even in San Diego – or California for that matter. What if they get a job out of state and relocate. Or move in w/families maybe even midwest or back east. Crazier things are happening.

[jpinpb]

ah – you’re assuming that they will rent in Mira Mesa, or even in San Diego – or California for that matter. What if they get a job out of state and relocate. Or move in w/families maybe even midwest or back east. Crazier things are happening.

[Author]

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