- This topic has 50 replies, 11 voices, and was last updated 14 years, 12 months ago by
sdduuuude.
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AuthorPosts
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March 30, 2008 at 10:15 AM #12285
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March 30, 2008 at 10:29 AM #178356
PadreBrian
Participant450k is the sweet spot. Depends on the area, but that’s a good price for the right house. Also, that’s the price where the household income can be 90k. Wait a lil longer and more and more houses will come down to that level.
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March 30, 2008 at 10:29 AM #178714Participant
450k is the sweet spot. Depends on the area, but that’s a good price for the right house. Also, that’s the price where the household income can be 90k. Wait a lil longer and more and more houses will come down to that level.
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March 30, 2008 at 10:29 AM #178725Participant
450k is the sweet spot. Depends on the area, but that’s a good price for the right house. Also, that’s the price where the household income can be 90k. Wait a lil longer and more and more houses will come down to that level.
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March 30, 2008 at 10:29 AM #178732Participant
450k is the sweet spot. Depends on the area, but that’s a good price for the right house. Also, that’s the price where the household income can be 90k. Wait a lil longer and more and more houses will come down to that level.
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March 30, 2008 at 10:29 AM #178814Participant
450k is the sweet spot. Depends on the area, but that’s a good price for the right house. Also, that’s the price where the household income can be 90k. Wait a lil longer and more and more houses will come down to that level.
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March 30, 2008 at 11:03 AM #178371
SD Realtor
ParticipantIt all depends on where you are looking Bane. No I don’t think we have reached a bottom anywhere. I posted about the possibility of seeing a jump in activity in the spring and many people I know have experienced the same frustrations you have. It is tough on buyers who are being selective.
Just remember that secular markets do not go straight down. The have minor rallies within the greater secular direction. I would not characterize what we are seeing as a huge rally, just that pricing of certain properties in certain areas is getting slurped up by demand. Although people hate to acknowledge it on this site, there still is demand at certain price levels for certain homes in various zip codes. Is it indicative of a bottom? In my mind it is not but it may form at least a temporary base for a few months or longer until inventory overtakes that demand.
SD Realtor
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March 30, 2008 at 11:23 AM #178390
patb
ParticipantChill Out Dude,
This is the beginning of buying season, expect some uptick as
people seek to relocate.Don’t worry, there are still a trillion dollars of OPTION-ARMS
waiting to reset, particularly IO’s.Bernanke can’t hold LIBOR down and as these reset, all hell will
be breaking loose.Come August, lots more price resets will happen
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March 30, 2008 at 11:23 AM #178750Participant
Chill Out Dude,
This is the beginning of buying season, expect some uptick as
people seek to relocate.Don’t worry, there are still a trillion dollars of OPTION-ARMS
waiting to reset, particularly IO’s.Bernanke can’t hold LIBOR down and as these reset, all hell will
be breaking loose.Come August, lots more price resets will happen
-
March 30, 2008 at 11:23 AM #178761Participant
Chill Out Dude,
This is the beginning of buying season, expect some uptick as
people seek to relocate.Don’t worry, there are still a trillion dollars of OPTION-ARMS
waiting to reset, particularly IO’s.Bernanke can’t hold LIBOR down and as these reset, all hell will
be breaking loose.Come August, lots more price resets will happen
-
March 30, 2008 at 11:23 AM #178767Participant
Chill Out Dude,
This is the beginning of buying season, expect some uptick as
people seek to relocate.Don’t worry, there are still a trillion dollars of OPTION-ARMS
waiting to reset, particularly IO’s.Bernanke can’t hold LIBOR down and as these reset, all hell will
be breaking loose.Come August, lots more price resets will happen
-
March 30, 2008 at 11:23 AM #178849Participant
Chill Out Dude,
This is the beginning of buying season, expect some uptick as
people seek to relocate.Don’t worry, there are still a trillion dollars of OPTION-ARMS
waiting to reset, particularly IO’s.Bernanke can’t hold LIBOR down and as these reset, all hell will
be breaking loose.Come August, lots more price resets will happen
-
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March 30, 2008 at 11:03 AM #178729Participant
It all depends on where you are looking Bane. No I don’t think we have reached a bottom anywhere. I posted about the possibility of seeing a jump in activity in the spring and many people I know have experienced the same frustrations you have. It is tough on buyers who are being selective.
Just remember that secular markets do not go straight down. The have minor rallies within the greater secular direction. I would not characterize what we are seeing as a huge rally, just that pricing of certain properties in certain areas is getting slurped up by demand. Although people hate to acknowledge it on this site, there still is demand at certain price levels for certain homes in various zip codes. Is it indicative of a bottom? In my mind it is not but it may form at least a temporary base for a few months or longer until inventory overtakes that demand.
SD Realtor
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March 30, 2008 at 11:03 AM #178741Participant
It all depends on where you are looking Bane. No I don’t think we have reached a bottom anywhere. I posted about the possibility of seeing a jump in activity in the spring and many people I know have experienced the same frustrations you have. It is tough on buyers who are being selective.
Just remember that secular markets do not go straight down. The have minor rallies within the greater secular direction. I would not characterize what we are seeing as a huge rally, just that pricing of certain properties in certain areas is getting slurped up by demand. Although people hate to acknowledge it on this site, there still is demand at certain price levels for certain homes in various zip codes. Is it indicative of a bottom? In my mind it is not but it may form at least a temporary base for a few months or longer until inventory overtakes that demand.
SD Realtor
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March 30, 2008 at 11:03 AM #178748Participant
It all depends on where you are looking Bane. No I don’t think we have reached a bottom anywhere. I posted about the possibility of seeing a jump in activity in the spring and many people I know have experienced the same frustrations you have. It is tough on buyers who are being selective.
Just remember that secular markets do not go straight down. The have minor rallies within the greater secular direction. I would not characterize what we are seeing as a huge rally, just that pricing of certain properties in certain areas is getting slurped up by demand. Although people hate to acknowledge it on this site, there still is demand at certain price levels for certain homes in various zip codes. Is it indicative of a bottom? In my mind it is not but it may form at least a temporary base for a few months or longer until inventory overtakes that demand.
SD Realtor
-
March 30, 2008 at 11:03 AM #178829Participant
It all depends on where you are looking Bane. No I don’t think we have reached a bottom anywhere. I posted about the possibility of seeing a jump in activity in the spring and many people I know have experienced the same frustrations you have. It is tough on buyers who are being selective.
Just remember that secular markets do not go straight down. The have minor rallies within the greater secular direction. I would not characterize what we are seeing as a huge rally, just that pricing of certain properties in certain areas is getting slurped up by demand. Although people hate to acknowledge it on this site, there still is demand at certain price levels for certain homes in various zip codes. Is it indicative of a bottom? In my mind it is not but it may form at least a temporary base for a few months or longer until inventory overtakes that demand.
SD Realtor
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March 30, 2008 at 11:51 AM #178405
DWCAP
ParticipantBane,
Let me put this in persepective for you. Are you one of those people who rushes out and stands in line for 5 hours starting at 1 am so you can be one of the first 100 people into the store on Black Friday and get the special prize? Or are you one of the thousands who price their shopping to what they see in the advertisements and then are shocked whenthey show up to the store at 6 am?
Currently housing is in Black Friday mode. Sure, SCREAMING deals are being advertised to drive demand, problem is there are only a few of those deals, and alot of them dont actually sell for the advertised price. So alot of people are kinda left out in the cold. This gives the impression that we are back in 2005, which is just what alot of people in the RE industry want.
It isnt true though. We had a very good 2007 black friday, and everyone was all excited about the holiday shopping season pulling us outa the retail funk we were in last october. It didnt last, and retailers had to start discounting even more than before to drive sales. So sleeping in and waiting 20 days got you the better deal, once everyone else stopped shopping. Take a nap bane, October is gonna be a much nicer time to shop.-
March 30, 2008 at 1:24 PM #178415
jpinpb
ParticipantDWCAP – That was a great analogy!
Bane- Don’t feel bad about the ones you made offers on. You didn’t miss out. Something better down the road will come up later on at a lesser price. Maybe hard to believe, even a little scary to see people still buying. I’m feeling your frustration, too. Some days I’m ok. Other days I need to reach out to this board to keep cool.
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March 30, 2008 at 1:24 PM #178775Participant
DWCAP – That was a great analogy!
Bane- Don’t feel bad about the ones you made offers on. You didn’t miss out. Something better down the road will come up later on at a lesser price. Maybe hard to believe, even a little scary to see people still buying. I’m feeling your frustration, too. Some days I’m ok. Other days I need to reach out to this board to keep cool.
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March 30, 2008 at 1:24 PM #178786Participant
DWCAP – That was a great analogy!
Bane- Don’t feel bad about the ones you made offers on. You didn’t miss out. Something better down the road will come up later on at a lesser price. Maybe hard to believe, even a little scary to see people still buying. I’m feeling your frustration, too. Some days I’m ok. Other days I need to reach out to this board to keep cool.
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March 30, 2008 at 1:24 PM #178792Participant
DWCAP – That was a great analogy!
Bane- Don’t feel bad about the ones you made offers on. You didn’t miss out. Something better down the road will come up later on at a lesser price. Maybe hard to believe, even a little scary to see people still buying. I’m feeling your frustration, too. Some days I’m ok. Other days I need to reach out to this board to keep cool.
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March 30, 2008 at 1:24 PM #178873Participant
DWCAP – That was a great analogy!
Bane- Don’t feel bad about the ones you made offers on. You didn’t miss out. Something better down the road will come up later on at a lesser price. Maybe hard to believe, even a little scary to see people still buying. I’m feeling your frustration, too. Some days I’m ok. Other days I need to reach out to this board to keep cool.
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March 30, 2008 at 11:51 AM #178765Participant
Bane,
Let me put this in persepective for you. Are you one of those people who rushes out and stands in line for 5 hours starting at 1 am so you can be one of the first 100 people into the store on Black Friday and get the special prize? Or are you one of the thousands who price their shopping to what they see in the advertisements and then are shocked whenthey show up to the store at 6 am?
Currently housing is in Black Friday mode. Sure, SCREAMING deals are being advertised to drive demand, problem is there are only a few of those deals, and alot of them dont actually sell for the advertised price. So alot of people are kinda left out in the cold. This gives the impression that we are back in 2005, which is just what alot of people in the RE industry want.
It isnt true though. We had a very good 2007 black friday, and everyone was all excited about the holiday shopping season pulling us outa the retail funk we were in last october. It didnt last, and retailers had to start discounting even more than before to drive sales. So sleeping in and waiting 20 days got you the better deal, once everyone else stopped shopping. Take a nap bane, October is gonna be a much nicer time to shop. -
March 30, 2008 at 11:51 AM #178776Participant
Bane,
Let me put this in persepective for you. Are you one of those people who rushes out and stands in line for 5 hours starting at 1 am so you can be one of the first 100 people into the store on Black Friday and get the special prize? Or are you one of the thousands who price their shopping to what they see in the advertisements and then are shocked whenthey show up to the store at 6 am?
Currently housing is in Black Friday mode. Sure, SCREAMING deals are being advertised to drive demand, problem is there are only a few of those deals, and alot of them dont actually sell for the advertised price. So alot of people are kinda left out in the cold. This gives the impression that we are back in 2005, which is just what alot of people in the RE industry want.
It isnt true though. We had a very good 2007 black friday, and everyone was all excited about the holiday shopping season pulling us outa the retail funk we were in last october. It didnt last, and retailers had to start discounting even more than before to drive sales. So sleeping in and waiting 20 days got you the better deal, once everyone else stopped shopping. Take a nap bane, October is gonna be a much nicer time to shop. -
March 30, 2008 at 11:51 AM #178783Participant
Bane,
Let me put this in persepective for you. Are you one of those people who rushes out and stands in line for 5 hours starting at 1 am so you can be one of the first 100 people into the store on Black Friday and get the special prize? Or are you one of the thousands who price their shopping to what they see in the advertisements and then are shocked whenthey show up to the store at 6 am?
Currently housing is in Black Friday mode. Sure, SCREAMING deals are being advertised to drive demand, problem is there are only a few of those deals, and alot of them dont actually sell for the advertised price. So alot of people are kinda left out in the cold. This gives the impression that we are back in 2005, which is just what alot of people in the RE industry want.
It isnt true though. We had a very good 2007 black friday, and everyone was all excited about the holiday shopping season pulling us outa the retail funk we were in last october. It didnt last, and retailers had to start discounting even more than before to drive sales. So sleeping in and waiting 20 days got you the better deal, once everyone else stopped shopping. Take a nap bane, October is gonna be a much nicer time to shop. -
March 30, 2008 at 11:51 AM #178863Participant
Bane,
Let me put this in persepective for you. Are you one of those people who rushes out and stands in line for 5 hours starting at 1 am so you can be one of the first 100 people into the store on Black Friday and get the special prize? Or are you one of the thousands who price their shopping to what they see in the advertisements and then are shocked whenthey show up to the store at 6 am?
Currently housing is in Black Friday mode. Sure, SCREAMING deals are being advertised to drive demand, problem is there are only a few of those deals, and alot of them dont actually sell for the advertised price. So alot of people are kinda left out in the cold. This gives the impression that we are back in 2005, which is just what alot of people in the RE industry want.
It isnt true though. We had a very good 2007 black friday, and everyone was all excited about the holiday shopping season pulling us outa the retail funk we were in last october. It didnt last, and retailers had to start discounting even more than before to drive sales. So sleeping in and waiting 20 days got you the better deal, once everyone else stopped shopping. Take a nap bane, October is gonna be a much nicer time to shop. -
March 30, 2008 at 2:13 PM #178432
nin_sis
ParticipantI’m in the same boat. Just recently decided to make a career change and need to buy soon before quitting my job and going back to school. I know, sounds crazy, but there is sound reason for it all. Put in an offer on a great place only to find that someone beat me to it and at $30K more than the asking price. I was heartbroken as it was the only place I’d seen in that range ($420K) that could have been move in ready with little fixing. Apparently there were several offers well below asking. I thought I’d be safe buying now, as in no competition, but it’s truly crazy out there. I hear a lot of talk about investors buying right now. What gives? I just need a place for my family to reside for the next few years.
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March 30, 2008 at 3:04 PM #178442
JWM in SD
ParticipantJWM in SD
I am sorry nin_sis but your justification for buying right makes absolutely no sense at all. If you only need a place to reside for a few years, then why wuold you want to buy right now knowing full well that prices are going to correct further and most probably a lot further????
You “buy now” people are really cracking me up. The credit lending mess is not half way through resolution yet. Anyone buying right now is going to LOSE MONEY.
GET A CLUE!!!!
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March 30, 2008 at 3:04 PM #178800Participant
JWM in SD
I am sorry nin_sis but your justification for buying right makes absolutely no sense at all. If you only need a place to reside for a few years, then why wuold you want to buy right now knowing full well that prices are going to correct further and most probably a lot further????
You “buy now” people are really cracking me up. The credit lending mess is not half way through resolution yet. Anyone buying right now is going to LOSE MONEY.
GET A CLUE!!!!
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March 30, 2008 at 3:04 PM #178811Participant
JWM in SD
I am sorry nin_sis but your justification for buying right makes absolutely no sense at all. If you only need a place to reside for a few years, then why wuold you want to buy right now knowing full well that prices are going to correct further and most probably a lot further????
You “buy now” people are really cracking me up. The credit lending mess is not half way through resolution yet. Anyone buying right now is going to LOSE MONEY.
GET A CLUE!!!!
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March 30, 2008 at 3:04 PM #178819Participant
JWM in SD
I am sorry nin_sis but your justification for buying right makes absolutely no sense at all. If you only need a place to reside for a few years, then why wuold you want to buy right now knowing full well that prices are going to correct further and most probably a lot further????
You “buy now” people are really cracking me up. The credit lending mess is not half way through resolution yet. Anyone buying right now is going to LOSE MONEY.
GET A CLUE!!!!
-
March 30, 2008 at 3:04 PM #178898Participant
JWM in SD
I am sorry nin_sis but your justification for buying right makes absolutely no sense at all. If you only need a place to reside for a few years, then why wuold you want to buy right now knowing full well that prices are going to correct further and most probably a lot further????
You “buy now” people are really cracking me up. The credit lending mess is not half way through resolution yet. Anyone buying right now is going to LOSE MONEY.
GET A CLUE!!!!
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March 30, 2008 at 2:13 PM #178790Participant
I’m in the same boat. Just recently decided to make a career change and need to buy soon before quitting my job and going back to school. I know, sounds crazy, but there is sound reason for it all. Put in an offer on a great place only to find that someone beat me to it and at $30K more than the asking price. I was heartbroken as it was the only place I’d seen in that range ($420K) that could have been move in ready with little fixing. Apparently there were several offers well below asking. I thought I’d be safe buying now, as in no competition, but it’s truly crazy out there. I hear a lot of talk about investors buying right now. What gives? I just need a place for my family to reside for the next few years.
-
March 30, 2008 at 2:13 PM #178801Participant
I’m in the same boat. Just recently decided to make a career change and need to buy soon before quitting my job and going back to school. I know, sounds crazy, but there is sound reason for it all. Put in an offer on a great place only to find that someone beat me to it and at $30K more than the asking price. I was heartbroken as it was the only place I’d seen in that range ($420K) that could have been move in ready with little fixing. Apparently there were several offers well below asking. I thought I’d be safe buying now, as in no competition, but it’s truly crazy out there. I hear a lot of talk about investors buying right now. What gives? I just need a place for my family to reside for the next few years.
-
March 30, 2008 at 2:13 PM #178807Participant
I’m in the same boat. Just recently decided to make a career change and need to buy soon before quitting my job and going back to school. I know, sounds crazy, but there is sound reason for it all. Put in an offer on a great place only to find that someone beat me to it and at $30K more than the asking price. I was heartbroken as it was the only place I’d seen in that range ($420K) that could have been move in ready with little fixing. Apparently there were several offers well below asking. I thought I’d be safe buying now, as in no competition, but it’s truly crazy out there. I hear a lot of talk about investors buying right now. What gives? I just need a place for my family to reside for the next few years.
-
March 30, 2008 at 2:13 PM #178888Participant
I’m in the same boat. Just recently decided to make a career change and need to buy soon before quitting my job and going back to school. I know, sounds crazy, but there is sound reason for it all. Put in an offer on a great place only to find that someone beat me to it and at $30K more than the asking price. I was heartbroken as it was the only place I’d seen in that range ($420K) that could have been move in ready with little fixing. Apparently there were several offers well below asking. I thought I’d be safe buying now, as in no competition, but it’s truly crazy out there. I hear a lot of talk about investors buying right now. What gives? I just need a place for my family to reside for the next few years.
-
March 30, 2008 at 2:15 PM #178436
recordsclerk
ParticipantBane,
Assuming that you have great taste and have been following your segment of the market carefully, you will find this happening everytime you find a house you want to buy. Although there are lots of homes for sale only a precious few will have an attractive price for product. You may find homes priced very well but will need some work. Then there are those that are prefect but over priced. It’s when you combine both when you’ve truely found a nice house for the price. This happens in the lower, middle, upper end of the market. My only advice would be to have patience and your pricepoint for the product that you want will eventually come together. For now what you want for 450K is too good of a buy, but eventually it will be an everyday occurance. The bad part about that is you will probably want more for 450K at that point. Almost every home that I have looked at and liked for the price has either sold at/or above listing or has gone pending.
I too think the market has further to correct, but I believe the areas that have fallen the most will have less to correct. I don’t think that those areas will stop falling earlier, but just will correct less percentage wise from this point on. -
March 30, 2008 at 2:15 PM #178795Participant
Bane,
Assuming that you have great taste and have been following your segment of the market carefully, you will find this happening everytime you find a house you want to buy. Although there are lots of homes for sale only a precious few will have an attractive price for product. You may find homes priced very well but will need some work. Then there are those that are prefect but over priced. It’s when you combine both when you’ve truely found a nice house for the price. This happens in the lower, middle, upper end of the market. My only advice would be to have patience and your pricepoint for the product that you want will eventually come together. For now what you want for 450K is too good of a buy, but eventually it will be an everyday occurance. The bad part about that is you will probably want more for 450K at that point. Almost every home that I have looked at and liked for the price has either sold at/or above listing or has gone pending.
I too think the market has further to correct, but I believe the areas that have fallen the most will have less to correct. I don’t think that those areas will stop falling earlier, but just will correct less percentage wise from this point on. -
March 30, 2008 at 2:15 PM #178806Participant
Bane,
Assuming that you have great taste and have been following your segment of the market carefully, you will find this happening everytime you find a house you want to buy. Although there are lots of homes for sale only a precious few will have an attractive price for product. You may find homes priced very well but will need some work. Then there are those that are prefect but over priced. It’s when you combine both when you’ve truely found a nice house for the price. This happens in the lower, middle, upper end of the market. My only advice would be to have patience and your pricepoint for the product that you want will eventually come together. For now what you want for 450K is too good of a buy, but eventually it will be an everyday occurance. The bad part about that is you will probably want more for 450K at that point. Almost every home that I have looked at and liked for the price has either sold at/or above listing or has gone pending.
I too think the market has further to correct, but I believe the areas that have fallen the most will have less to correct. I don’t think that those areas will stop falling earlier, but just will correct less percentage wise from this point on. -
March 30, 2008 at 2:15 PM #178813Participant
Bane,
Assuming that you have great taste and have been following your segment of the market carefully, you will find this happening everytime you find a house you want to buy. Although there are lots of homes for sale only a precious few will have an attractive price for product. You may find homes priced very well but will need some work. Then there are those that are prefect but over priced. It’s when you combine both when you’ve truely found a nice house for the price. This happens in the lower, middle, upper end of the market. My only advice would be to have patience and your pricepoint for the product that you want will eventually come together. For now what you want for 450K is too good of a buy, but eventually it will be an everyday occurance. The bad part about that is you will probably want more for 450K at that point. Almost every home that I have looked at and liked for the price has either sold at/or above listing or has gone pending.
I too think the market has further to correct, but I believe the areas that have fallen the most will have less to correct. I don’t think that those areas will stop falling earlier, but just will correct less percentage wise from this point on. -
March 30, 2008 at 2:15 PM #178893Participant
Bane,
Assuming that you have great taste and have been following your segment of the market carefully, you will find this happening everytime you find a house you want to buy. Although there are lots of homes for sale only a precious few will have an attractive price for product. You may find homes priced very well but will need some work. Then there are those that are prefect but over priced. It’s when you combine both when you’ve truely found a nice house for the price. This happens in the lower, middle, upper end of the market. My only advice would be to have patience and your pricepoint for the product that you want will eventually come together. For now what you want for 450K is too good of a buy, but eventually it will be an everyday occurance. The bad part about that is you will probably want more for 450K at that point. Almost every home that I have looked at and liked for the price has either sold at/or above listing or has gone pending.
I too think the market has further to correct, but I believe the areas that have fallen the most will have less to correct. I don’t think that those areas will stop falling earlier, but just will correct less percentage wise from this point on. -
March 30, 2008 at 6:42 PM #178553
sd-maybe
ParticipantHang in there Bane. Someone posted here a while back that “the market can stay irrational far longer than you can stay rational”. The next couple years will be a test of your patience if you are a bubble sitter waiting for prices to come to you, but your patience will be rewarded. And as you see properties still grossly overinflated get multiple offers and close quickly, it will be agonizing, but don’t give in to the urge to say “F it I’m buying now”…got to be strong.
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March 30, 2008 at 10:07 PM #178625
sdduuuude
ParticipantCorrection:
The market can stay irrational longer than you can remain SOLVENT.
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March 30, 2008 at 10:07 PM #178989Participant
Correction:
The market can stay irrational longer than you can remain SOLVENT.
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March 30, 2008 at 10:07 PM #178997Participant
Correction:
The market can stay irrational longer than you can remain SOLVENT.
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March 30, 2008 at 10:07 PM #179004Participant
Correction:
The market can stay irrational longer than you can remain SOLVENT.
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March 30, 2008 at 10:07 PM #179081Participant
Correction:
The market can stay irrational longer than you can remain SOLVENT.
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March 30, 2008 at 6:42 PM #178913Participant
Hang in there Bane. Someone posted here a while back that “the market can stay irrational far longer than you can stay rational”. The next couple years will be a test of your patience if you are a bubble sitter waiting for prices to come to you, but your patience will be rewarded. And as you see properties still grossly overinflated get multiple offers and close quickly, it will be agonizing, but don’t give in to the urge to say “F it I’m buying now”…got to be strong.
-
March 30, 2008 at 6:42 PM #178920Participant
Hang in there Bane. Someone posted here a while back that “the market can stay irrational far longer than you can stay rational”. The next couple years will be a test of your patience if you are a bubble sitter waiting for prices to come to you, but your patience will be rewarded. And as you see properties still grossly overinflated get multiple offers and close quickly, it will be agonizing, but don’t give in to the urge to say “F it I’m buying now”…got to be strong.
-
March 30, 2008 at 6:42 PM #178929Participant
Hang in there Bane. Someone posted here a while back that “the market can stay irrational far longer than you can stay rational”. The next couple years will be a test of your patience if you are a bubble sitter waiting for prices to come to you, but your patience will be rewarded. And as you see properties still grossly overinflated get multiple offers and close quickly, it will be agonizing, but don’t give in to the urge to say “F it I’m buying now”…got to be strong.
-
March 30, 2008 at 6:42 PM #179007Participant
Hang in there Bane. Someone posted here a while back that “the market can stay irrational far longer than you can stay rational”. The next couple years will be a test of your patience if you are a bubble sitter waiting for prices to come to you, but your patience will be rewarded. And as you see properties still grossly overinflated get multiple offers and close quickly, it will be agonizing, but don’t give in to the urge to say “F it I’m buying now”…got to be strong.
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