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  • January 7, 2008 at 8:11 PM #131606
    Anonymous
    Guest

    Click through to the census site and you’ll find the data is not so apocalyptic. There’s 1.9M for sale and 2.7M off the market (which probably includes remodeling). The rest is in a variety of categories: 3.8M vacant rentals (mostly very temporary, I’m sure), 3.9M seasonal homes, and smaller amount used occasionally, awaiting occupancy, or serving as temporary homes.

    At present I’d guess most of the stuff off market is investor properties. So the banks have put at least the majority of their stuff up for sale, or are in the process.

    January 7, 2008 at 9:03 PM #131398
    SD Realtor
    Participant

    To me a very easy way to answer the question would be for someone to dig… Simply start to mine through tax rolls and find those listings that are owned by a bank or service organization. Find 20 or 30 of them and I will go ahead and perform a search to see how many are on the market or if they have been on the market.

    Surely this is not scientific and a pitifully small sample size but it is hard data… and hard data is much more important to me then any articles or inferences drawn from statistics.

    SD Realtor

    January 7, 2008 at 9:03 PM #131579
    SD Realtor
    Participant

    To me a very easy way to answer the question would be for someone to dig… Simply start to mine through tax rolls and find those listings that are owned by a bank or service organization. Find 20 or 30 of them and I will go ahead and perform a search to see how many are on the market or if they have been on the market.

    Surely this is not scientific and a pitifully small sample size but it is hard data… and hard data is much more important to me then any articles or inferences drawn from statistics.

    SD Realtor

    January 7, 2008 at 9:03 PM #131588
    SD Realtor
    Participant

    To me a very easy way to answer the question would be for someone to dig… Simply start to mine through tax rolls and find those listings that are owned by a bank or service organization. Find 20 or 30 of them and I will go ahead and perform a search to see how many are on the market or if they have been on the market.

    Surely this is not scientific and a pitifully small sample size but it is hard data… and hard data is much more important to me then any articles or inferences drawn from statistics.

    SD Realtor

    January 7, 2008 at 9:03 PM #131647
    SD Realtor
    Participant

    To me a very easy way to answer the question would be for someone to dig… Simply start to mine through tax rolls and find those listings that are owned by a bank or service organization. Find 20 or 30 of them and I will go ahead and perform a search to see how many are on the market or if they have been on the market.

    Surely this is not scientific and a pitifully small sample size but it is hard data… and hard data is much more important to me then any articles or inferences drawn from statistics.

    SD Realtor

    January 7, 2008 at 9:03 PM #131685
    SD Realtor
    Participant

    To me a very easy way to answer the question would be for someone to dig… Simply start to mine through tax rolls and find those listings that are owned by a bank or service organization. Find 20 or 30 of them and I will go ahead and perform a search to see how many are on the market or if they have been on the market.

    Surely this is not scientific and a pitifully small sample size but it is hard data… and hard data is much more important to me then any articles or inferences drawn from statistics.

    SD Realtor

    January 7, 2008 at 9:17 PM #131409
    nostradamus
    Participant

    If you break it down like that it doesn’t sound so bad; however, looking at the big picture, I see a 50% increase in total vacancy rate between 2005 and 2007. Between 1960 and 2005 there was a fairly steady increase in vacancy. Sometime between 2005 and now, there was a vertical jump (the largest since the data begins or 1960).

    Jeeze, Prof. Piggington’s got me graphing stuff now! Must… get.. a life!

    How would you interpret this data? Overbuilding?

    [img_assist|nid=6080|title=|desc=|link=node|align=left|width=466|height=341]

    January 7, 2008 at 9:17 PM #131589
    nostradamus
    Participant

    If you break it down like that it doesn’t sound so bad; however, looking at the big picture, I see a 50% increase in total vacancy rate between 2005 and 2007. Between 1960 and 2005 there was a fairly steady increase in vacancy. Sometime between 2005 and now, there was a vertical jump (the largest since the data begins or 1960).

    Jeeze, Prof. Piggington’s got me graphing stuff now! Must… get.. a life!

    How would you interpret this data? Overbuilding?

    [img_assist|nid=6080|title=|desc=|link=node|align=left|width=466|height=341]

    January 7, 2008 at 9:17 PM #131598
    nostradamus
    Participant

    If you break it down like that it doesn’t sound so bad; however, looking at the big picture, I see a 50% increase in total vacancy rate between 2005 and 2007. Between 1960 and 2005 there was a fairly steady increase in vacancy. Sometime between 2005 and now, there was a vertical jump (the largest since the data begins or 1960).

    Jeeze, Prof. Piggington’s got me graphing stuff now! Must… get.. a life!

    How would you interpret this data? Overbuilding?

    [img_assist|nid=6080|title=|desc=|link=node|align=left|width=466|height=341]

    January 7, 2008 at 9:17 PM #131658
    nostradamus
    Participant

    If you break it down like that it doesn’t sound so bad; however, looking at the big picture, I see a 50% increase in total vacancy rate between 2005 and 2007. Between 1960 and 2005 there was a fairly steady increase in vacancy. Sometime between 2005 and now, there was a vertical jump (the largest since the data begins or 1960).

    Jeeze, Prof. Piggington’s got me graphing stuff now! Must… get.. a life!

    How would you interpret this data? Overbuilding?

    [img_assist|nid=6080|title=|desc=|link=node|align=left|width=466|height=341]

    January 7, 2008 at 9:17 PM #131695
    nostradamus
    Participant

    If you break it down like that it doesn’t sound so bad; however, looking at the big picture, I see a 50% increase in total vacancy rate between 2005 and 2007. Between 1960 and 2005 there was a fairly steady increase in vacancy. Sometime between 2005 and now, there was a vertical jump (the largest since the data begins or 1960).

    Jeeze, Prof. Piggington’s got me graphing stuff now! Must… get.. a life!

    How would you interpret this data? Overbuilding?

    [img_assist|nid=6080|title=|desc=|link=node|align=left|width=466|height=341]

    January 7, 2008 at 9:49 PM #131457
    barnaby33
    Participant

    How would you interpret this data? Overbuilding? Too many blue pens not enough other colors.
    Josh

    January 7, 2008 at 9:49 PM #131638
    barnaby33
    Participant

    How would you interpret this data? Overbuilding? Too many blue pens not enough other colors.
    Josh

    January 7, 2008 at 9:49 PM #131648
    barnaby33
    Participant

    How would you interpret this data? Overbuilding? Too many blue pens not enough other colors.
    Josh

    January 7, 2008 at 9:49 PM #131708
    barnaby33
    Participant

    How would you interpret this data? Overbuilding? Too many blue pens not enough other colors.
    Josh

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