Terramar in PQ

[kcal09]

[quote=SD Realtor]Try not to look at nationality of the buyers okay? Try to look at employment and you will see the trend and it will make alot more sense to you. The MAJORITY of the buyers are people with strong 6 figure incomes. They are engineers… engineers… engineers… and a few more engineers. Sure there are some biotech and others there as well.

I will post some stats later tonite or this week. PQ has already come back to 05 price levels for detached homes. I would imagine some other like areas have as well.

As long as there are jobs there will be buyers. More jobs = MORE BUYERS.

********

I would suggest to those waiting for the downturn that you will need a few things to converge. First off you need rate hikes. Big and strong and not miniscule. You want inventory growth, foreclosures, short sales, regular sales, you want inventory to grow badly. You also want the end of subsidsies. No more fed credit, no state credit, no FHA, no 5% or 10% conventional loans etc…

Maybe that stuff happens. My bet is not for awhile. The govt and Wall Street have implemented the kick the can down the road strategy and they are getting pretty darn good at it. In another year we will be at 14k on the DOW and back to 06 prices! Wow everything is hunky dory. In fact the postings that various people make about all the homeowners being underwater and in distress will not amount to much if those homeowners simply stay in the home. This is pretty much what the govt AND the lenders want them to do. That keeps the shadow inventory in the shadow, the lender is backstopped by the taxpayer, and everyone keeps smiling as inventory continues to stay poor.

I hope I am wrong.[/quote]

It sure doesn’t look like there will be another downturn. The economy is slowly improving and even raising interest rates later this year shouldn’t affect the housing too much as long as the stock market is trending up.

[CA renter]

[quote=SD Realtor]Try not to look at nationality of the buyers okay? Try to look at employment and you will see the trend and it will make alot more sense to you. The MAJORITY of the buyers are people with strong 6 figure incomes. They are engineers… engineers… engineers… and a few more engineers. Sure there are some biotech and others there as well.

I will post some stats later tonite or this week. PQ has already come back to 05 price levels for detached homes. I would imagine some other like areas have as well.

As long as there are jobs there will be buyers. More jobs = MORE BUYERS.

********

I would suggest to those waiting for the downturn that you will need a few things to converge. First off you need rate hikes. Big and strong and not miniscule. You want inventory growth, foreclosures, short sales, regular sales, you want inventory to grow badly. You also want the end of subsidsies. No more fed credit, no state credit, no FHA, no 5% or 10% conventional loans etc…

Maybe that stuff happens. My bet is not for awhile. The govt and Wall Street have implemented the kick the can down the road strategy and they are getting pretty darn good at it. In another year we will be at 14k on the DOW and back to 06 prices! Wow everything is hunky dory. In fact the postings that various people make about all the homeowners being underwater and in distress will not amount to much if those homeowners simply stay in the home. This is pretty much what the govt AND the lenders want them to do. That keeps the shadow inventory in the shadow, the lender is backstopped by the taxpayer, and everyone keeps smiling as inventory continues to stay poor.

I hope I am wrong.[/quote]

I hope you are wrong, too, but have to agree with everything you’ve said here.

BTW, what kind of engineers are you seeing, and which specific industries are they working for?

edit: we are seeing peak and over-peak prices here too…yes they are **selling** at those prices. Pretty unreal, but that’s what trillions of dollars of “free” govt money will get you, I guess.

[CA renter]

[quote=SD Realtor]Try not to look at nationality of the buyers okay? Try to look at employment and you will see the trend and it will make alot more sense to you. The MAJORITY of the buyers are people with strong 6 figure incomes. They are engineers… engineers… engineers… and a few more engineers. Sure there are some biotech and others there as well.

I will post some stats later tonite or this week. PQ has already come back to 05 price levels for detached homes. I would imagine some other like areas have as well.

As long as there are jobs there will be buyers. More jobs = MORE BUYERS.

********

I would suggest to those waiting for the downturn that you will need a few things to converge. First off you need rate hikes. Big and strong and not miniscule. You want inventory growth, foreclosures, short sales, regular sales, you want inventory to grow badly. You also want the end of subsidsies. No more fed credit, no state credit, no FHA, no 5% or 10% conventional loans etc…

Maybe that stuff happens. My bet is not for awhile. The govt and Wall Street have implemented the kick the can down the road strategy and they are getting pretty darn good at it. In another year we will be at 14k on the DOW and back to 06 prices! Wow everything is hunky dory. In fact the postings that various people make about all the homeowners being underwater and in distress will not amount to much if those homeowners simply stay in the home. This is pretty much what the govt AND the lenders want them to do. That keeps the shadow inventory in the shadow, the lender is backstopped by the taxpayer, and everyone keeps smiling as inventory continues to stay poor.

I hope I am wrong.[/quote]

I hope you are wrong, too, but have to agree with everything you’ve said here.

BTW, what kind of engineers are you seeing, and which specific industries are they working for?

edit: we are seeing peak and over-peak prices here too…yes they are **selling** at those prices. Pretty unreal, but that’s what trillions of dollars of “free” govt money will get you, I guess.

[CA renter]

[quote=SD Realtor]Try not to look at nationality of the buyers okay? Try to look at employment and you will see the trend and it will make alot more sense to you. The MAJORITY of the buyers are people with strong 6 figure incomes. They are engineers… engineers… engineers… and a few more engineers. Sure there are some biotech and others there as well.

I will post some stats later tonite or this week. PQ has already come back to 05 price levels for detached homes. I would imagine some other like areas have as well.

As long as there are jobs there will be buyers. More jobs = MORE BUYERS.

********

I would suggest to those waiting for the downturn that you will need a few things to converge. First off you need rate hikes. Big and strong and not miniscule. You want inventory growth, foreclosures, short sales, regular sales, you want inventory to grow badly. You also want the end of subsidsies. No more fed credit, no state credit, no FHA, no 5% or 10% conventional loans etc…

Maybe that stuff happens. My bet is not for awhile. The govt and Wall Street have implemented the kick the can down the road strategy and they are getting pretty darn good at it. In another year we will be at 14k on the DOW and back to 06 prices! Wow everything is hunky dory. In fact the postings that various people make about all the homeowners being underwater and in distress will not amount to much if those homeowners simply stay in the home. This is pretty much what the govt AND the lenders want them to do. That keeps the shadow inventory in the shadow, the lender is backstopped by the taxpayer, and everyone keeps smiling as inventory continues to stay poor.

I hope I am wrong.[/quote]

I hope you are wrong, too, but have to agree with everything you’ve said here.

BTW, what kind of engineers are you seeing, and which specific industries are they working for?

edit: we are seeing peak and over-peak prices here too…yes they are **selling** at those prices. Pretty unreal, but that’s what trillions of dollars of “free” govt money will get you, I guess.

[CA renter]

[quote=SD Realtor]Try not to look at nationality of the buyers okay? Try to look at employment and you will see the trend and it will make alot more sense to you. The MAJORITY of the buyers are people with strong 6 figure incomes. They are engineers… engineers… engineers… and a few more engineers. Sure there are some biotech and others there as well.

I will post some stats later tonite or this week. PQ has already come back to 05 price levels for detached homes. I would imagine some other like areas have as well.

As long as there are jobs there will be buyers. More jobs = MORE BUYERS.

********

I would suggest to those waiting for the downturn that you will need a few things to converge. First off you need rate hikes. Big and strong and not miniscule. You want inventory growth, foreclosures, short sales, regular sales, you want inventory to grow badly. You also want the end of subsidsies. No more fed credit, no state credit, no FHA, no 5% or 10% conventional loans etc…

Maybe that stuff happens. My bet is not for awhile. The govt and Wall Street have implemented the kick the can down the road strategy and they are getting pretty darn good at it. In another year we will be at 14k on the DOW and back to 06 prices! Wow everything is hunky dory. In fact the postings that various people make about all the homeowners being underwater and in distress will not amount to much if those homeowners simply stay in the home. This is pretty much what the govt AND the lenders want them to do. That keeps the shadow inventory in the shadow, the lender is backstopped by the taxpayer, and everyone keeps smiling as inventory continues to stay poor.

I hope I am wrong.[/quote]

I hope you are wrong, too, but have to agree with everything you’ve said here.

BTW, what kind of engineers are you seeing, and which specific industries are they working for?

edit: we are seeing peak and over-peak prices here too…yes they are **selling** at those prices. Pretty unreal, but that’s what trillions of dollars of “free” govt money will get you, I guess.

[CA renter]

[quote=SD Realtor]Try not to look at nationality of the buyers okay? Try to look at employment and you will see the trend and it will make alot more sense to you. The MAJORITY of the buyers are people with strong 6 figure incomes. They are engineers… engineers… engineers… and a few more engineers. Sure there are some biotech and others there as well.

I will post some stats later tonite or this week. PQ has already come back to 05 price levels for detached homes. I would imagine some other like areas have as well.

As long as there are jobs there will be buyers. More jobs = MORE BUYERS.

********

I would suggest to those waiting for the downturn that you will need a few things to converge. First off you need rate hikes. Big and strong and not miniscule. You want inventory growth, foreclosures, short sales, regular sales, you want inventory to grow badly. You also want the end of subsidsies. No more fed credit, no state credit, no FHA, no 5% or 10% conventional loans etc…

Maybe that stuff happens. My bet is not for awhile. The govt and Wall Street have implemented the kick the can down the road strategy and they are getting pretty darn good at it. In another year we will be at 14k on the DOW and back to 06 prices! Wow everything is hunky dory. In fact the postings that various people make about all the homeowners being underwater and in distress will not amount to much if those homeowners simply stay in the home. This is pretty much what the govt AND the lenders want them to do. That keeps the shadow inventory in the shadow, the lender is backstopped by the taxpayer, and everyone keeps smiling as inventory continues to stay poor.

I hope I am wrong.[/quote]

I hope you are wrong, too, but have to agree with everything you’ve said here.

BTW, what kind of engineers are you seeing, and which specific industries are they working for?

edit: we are seeing peak and over-peak prices here too…yes they are **selling** at those prices. Pretty unreal, but that’s what trillions of dollars of “free” govt money will get you, I guess.

[SD Realtor]

I know CAR… you FLU, JP and I will have to have to drown our sorrows one day.

The engineers are all types… hardware, software, systems guys… it is a fair mix. Things they have in common is that they are all intelligent. Also none of them do not claim to think they are buying at the bottom….most of them are pretty much fed up with waiting, fed up with the govt… just kind of throwing in the towel.

The industries vary as well but telecom is the predominant one.

Yes the majority of them are of different nationalities. Those darn asians… jeez you would think they would quit working so hard, getting good educations and then getting well paying jobs and then working hard to accel in their professions. How dare they!

[SD Realtor]

I know CAR… you FLU, JP and I will have to have to drown our sorrows one day.

The engineers are all types… hardware, software, systems guys… it is a fair mix. Things they have in common is that they are all intelligent. Also none of them do not claim to think they are buying at the bottom….most of them are pretty much fed up with waiting, fed up with the govt… just kind of throwing in the towel.

The industries vary as well but telecom is the predominant one.

Yes the majority of them are of different nationalities. Those darn asians… jeez you would think they would quit working so hard, getting good educations and then getting well paying jobs and then working hard to accel in their professions. How dare they!

[SD Realtor]

I know CAR… you FLU, JP and I will have to have to drown our sorrows one day.

The engineers are all types… hardware, software, systems guys… it is a fair mix. Things they have in common is that they are all intelligent. Also none of them do not claim to think they are buying at the bottom….most of them are pretty much fed up with waiting, fed up with the govt… just kind of throwing in the towel.

The industries vary as well but telecom is the predominant one.

Yes the majority of them are of different nationalities. Those darn asians… jeez you would think they would quit working so hard, getting good educations and then getting well paying jobs and then working hard to accel in their professions. How dare they!

[SD Realtor]

I know CAR… you FLU, JP and I will have to have to drown our sorrows one day.

The engineers are all types… hardware, software, systems guys… it is a fair mix. Things they have in common is that they are all intelligent. Also none of them do not claim to think they are buying at the bottom….most of them are pretty much fed up with waiting, fed up with the govt… just kind of throwing in the towel.

The industries vary as well but telecom is the predominant one.

Yes the majority of them are of different nationalities. Those darn asians… jeez you would think they would quit working so hard, getting good educations and then getting well paying jobs and then working hard to accel in their professions. How dare they!

[SD Realtor]

I know CAR… you FLU, JP and I will have to have to drown our sorrows one day.

The engineers are all types… hardware, software, systems guys… it is a fair mix. Things they have in common is that they are all intelligent. Also none of them do not claim to think they are buying at the bottom….most of them are pretty much fed up with waiting, fed up with the govt… just kind of throwing in the towel.

The industries vary as well but telecom is the predominant one.

Yes the majority of them are of different nationalities. Those darn asians… jeez you would think they would quit working so hard, getting good educations and then getting well paying jobs and then working hard to accel in their professions. How dare they!

[CA renter]

[quote=SD Realtor]I know CAR… you FLU, JP and I will have to have to drown our sorrows one day.

The engineers are all types… hardware, software, systems guys… it is a fair mix. Things they have in common is that they are all intelligent. Also none of them do not claim to think they are buying at the bottom….most of them are pretty much fed up with waiting, fed up with the govt… just kind of throwing in the towel.

The industries vary as well but telecom is the predominant one.

Yes the majority of them are of different nationalities. Those darn asians… jeez you would think they would quit working so hard, getting good educations and then getting well paying jobs and then working hard to accel in their professions. How dare they![/quote]

Next meetup you’re able to attend, your drinks are on me (JP’s and FLU’s, too…if FLU ever shows up). 😉

Thanks for the info on the engineers. So, it’s more tech-oriented (as opposed to civil, mechanical, etc.). Maybe I need to start moving into more tech stocks, even at these fairly high levels. 😉

Yes, we have friends in that area (along the 56), and they’re all Asian, or Asian/American couples. All very intelligent and well educated, too. They are certainly doing well for themselves.

[CA renter]

[quote=SD Realtor]I know CAR… you FLU, JP and I will have to have to drown our sorrows one day.

The engineers are all types… hardware, software, systems guys… it is a fair mix. Things they have in common is that they are all intelligent. Also none of them do not claim to think they are buying at the bottom….most of them are pretty much fed up with waiting, fed up with the govt… just kind of throwing in the towel.

The industries vary as well but telecom is the predominant one.

Yes the majority of them are of different nationalities. Those darn asians… jeez you would think they would quit working so hard, getting good educations and then getting well paying jobs and then working hard to accel in their professions. How dare they![/quote]

Next meetup you’re able to attend, your drinks are on me (JP’s and FLU’s, too…if FLU ever shows up). 😉

Thanks for the info on the engineers. So, it’s more tech-oriented (as opposed to civil, mechanical, etc.). Maybe I need to start moving into more tech stocks, even at these fairly high levels. 😉

Yes, we have friends in that area (along the 56), and they’re all Asian, or Asian/American couples. All very intelligent and well educated, too. They are certainly doing well for themselves.

[CA renter]

[quote=SD Realtor]I know CAR… you FLU, JP and I will have to have to drown our sorrows one day.

The engineers are all types… hardware, software, systems guys… it is a fair mix. Things they have in common is that they are all intelligent. Also none of them do not claim to think they are buying at the bottom….most of them are pretty much fed up with waiting, fed up with the govt… just kind of throwing in the towel.

The industries vary as well but telecom is the predominant one.

Yes the majority of them are of different nationalities. Those darn asians… jeez you would think they would quit working so hard, getting good educations and then getting well paying jobs and then working hard to accel in their professions. How dare they![/quote]

Next meetup you’re able to attend, your drinks are on me (JP’s and FLU’s, too…if FLU ever shows up). 😉

Thanks for the info on the engineers. So, it’s more tech-oriented (as opposed to civil, mechanical, etc.). Maybe I need to start moving into more tech stocks, even at these fairly high levels. 😉

Yes, we have friends in that area (along the 56), and they’re all Asian, or Asian/American couples. All very intelligent and well educated, too. They are certainly doing well for themselves.

[CA renter]

[quote=SD Realtor]I know CAR… you FLU, JP and I will have to have to drown our sorrows one day.

The engineers are all types… hardware, software, systems guys… it is a fair mix. Things they have in common is that they are all intelligent. Also none of them do not claim to think they are buying at the bottom….most of them are pretty much fed up with waiting, fed up with the govt… just kind of throwing in the towel.

The industries vary as well but telecom is the predominant one.

Yes the majority of them are of different nationalities. Those darn asians… jeez you would think they would quit working so hard, getting good educations and then getting well paying jobs and then working hard to accel in their professions. How dare they![/quote]

Next meetup you’re able to attend, your drinks are on me (JP’s and FLU’s, too…if FLU ever shows up). 😉

Thanks for the info on the engineers. So, it’s more tech-oriented (as opposed to civil, mechanical, etc.). Maybe I need to start moving into more tech stocks, even at these fairly high levels. 😉

Yes, we have friends in that area (along the 56), and they’re all Asian, or Asian/American couples. All very intelligent and well educated, too. They are certainly doing well for themselves.

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