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SD Realtor.
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October 1, 2007 at 11:15 AM #10467October 1, 2007 at 12:29 PM #86585
Artifact
ParticipantIn regards to lesson 1 – I have seen the same thing – an aquaintance of mine has their house listed – 3 months now, a couple of looks, no offers, but I have been told they have it “priced right”, it is just a tough market…hmmm, 3 months, no offers, maybe it is not quite priced right? This person bought in 1998 and the current asking price is more than 400K more than they paid (I don’t think they have any seconds – or if they do, they are small and were put back into the house), so they could easily chop the price and sell… but of course they have it priced right, so they don’t need to!
About lesson 2 – to repeat myself from another topic: Hire a losing coach, get a losing team. I would cut them slack if they had hired Singletary – although I can’t imagine so many stupid mistakes if he was coach. No one would want to face the coach on the sideline having made a dumb mistake with that look he used to give QB’s – that guy was scary just watching on TV.
October 1, 2007 at 1:38 PM #86598Sick Of The Heat
ParticipantIn the two examples described, and others like them, what are their plans? Will they wait as long as it takes to get a buyer; will they pull out of the market; or will they drop their price to get it sold? Just trying to get a pulse on sellers in good areas that don’t have to sell.
Thanks!
October 1, 2007 at 1:49 PM #86605no_such_reality
ParticipantThey’ll sit. Unless forced to sell by a move, divorce, job loss or something else, long term holders will sit.
They will sit and fume about ‘people thinking they should give it away’ until the market capitulates to bottom, which is goving to take a couple more years. We’ve seen the first two in SD, sales volume slowed and prices flat-lined but median kept climbing. Now the next two or three years of actual contraction are upon the market.
October 1, 2007 at 1:54 PM #86607temeculaguy
ParticipantThe section at the end is cut and pasted from Bill Simmons article published before the game with the Chiefs. The actual checklist was written in 2005. Despite my best efforts, Bill Cowher won’t return my e-mails and my offer that he can stay at my place for free if he will just take over for Norv next week. I’ve offered to pay for his food, alcohol, utilities and even let him use my car. No bites yet.
Here’s a blog dedicated to the Norv experience
http://thecoachiskillingme.wordpress.com/
Here’s some of Bill’s article:
“The 2007 Chargers have clearly given away their “Super Bowl contender” status and become this year’s test case for the time-proven phrase, “Coaching matters.” Which reminds me …
A few readers e-mailed me about this: When Norv Turner was coaching the Raiders in 2005, I created a Norv Turner Second-Half Collapse Checklist. Three games into Norv’s tenure with the Chargers, we already have six of the nine categories checked.
• Guys arguing on the sidelines? (CHECK)
• Embarrassing losses at home? (NO)
• QB getting sacked and throwing the ball up for grabs? (CHECK)
• Just an ungodly amount of penalties? (NO)
• Steady stream of excuses? (CHECK)
• Players taking veiled shots at the coaching staff? (CHECK)
• General malaise and dissatisfaction within the fan base? (CHECK)
• Local columnists taking shots at him? (CHECK)
• Big coaching name looming in the background as a replacement? (NO)(Basically, we’re a penalty-filled upset loss to the Chiefs, followed by rumors of Bill Cowher taking over the Chargers, from the entire Norv Turner Second-Half Collapse Checklist getting filled before the baseball playoffs start. I think this is amazing.)”
October 1, 2007 at 2:06 PM #86614ParticipantThe people I know, I am really not sure what they will do. They wanted to move out of the area closer to family, but not being able to sell, I think they are planning to stay here until the market improves. The problem is, I get the impression they think that will be sooner rather than later. I find it really odd that with as much equity as they have (bought around 175K – listed at 600K), they seem to be convinced they have their price set right – they could chop 150K off the asking price and still have plenty of money to move on with. Neighbors would be unhappy, but oh well. The positive side for them is that they are not in any danger of losing their home – just not where they want to be even though they could easily get there if they were not being stubborn.
I think in general they are either really being stubborn or they are getting some bad advice from their realtor (probably both). I think they would pull it off the market now if they could, but are still in a listing contract. I did see that they first lowered their price, then raised it (funny numbers though, might have been a mistake).
October 1, 2007 at 2:18 PM #86619SD Realtor
ParticipantThose of you who said they will sit you are correct in my opinion. I think the vast majority of them will simply stay where they are at. If that means it will semi-permanently postpone a relocation or downsize of sometype then so be it. Again most of these people can afford to sit and they will. Their mistake is an emotional attachment coupled with some sort of self entitlement that they deserve simply because of what their neighbors got in the recent years. I think most of them believe a short adjustment is here rather then a prolonged secular change that will run for several years. What is even more disturbing is in some cases (few but some) they will get a sale… there are buyers out there… less then what there were, but there are some and they are spending money here and there.
SD Realtor
October 1, 2007 at 2:22 PM #86620kicksavedave
ParticipantHaving been in Washington DC during all 6.. yes SIX, years of Norv Turners first coaching stint, I’m sorry to tell you, it’s NOT going to get any better. I’m actually shocked he’s done this much to wreck the team this fast, but that’s youth for ya…
Sorry fella’s.
October 1, 2007 at 2:59 PM #86624Duck
ParticipantNorv Turner is proof of the Peter Principle. You keep getting promoted until you reach a position at which you will fail. In most cases you get one shot at failing, but somehow he has gotten three.
The other crazy thing about the hire is that I believe AJ Smith had both coordinators installed before he hired Turner. In fact because Marty wanted one of his relatives considered is the biggest reason they fired him. Instead, AJ went for that “proven winner” Ted Cottrell. Most coaches hire their assistants (can you imagine a GM telling Parcells who to hire), but AJ Smith has such a big ego he did it all himself.
October 1, 2007 at 6:27 PM #86652VoZangre
ParticipantFat Teddy the Donut Man
Teddy was DC in Buffalo when Wade Phillips was HC and they had a killer D and an ok O Qb’ed by the dual-headed Flutie/Johnson…
fast forward… Jets hire Herm Edwards a truly decent human and truly a dufus as an HC… along with Fat Teddy…
My beloved NY Jets ( jesters for all youse who’d liek to bust my NYer balls) had him as DC… it was painful to watch…
What matters most
is how well you
walk through the fire…October 1, 2007 at 7:12 PM #86658ParticipantVoZangre, don’t take this the wrong way but lose the walking through the fire signature line, we welcome new posters but that is an e-mail thing. Feel free to punch things up with philosiphy, I throw down some Lao Tzu here and there but never use the same line twice and mix it in where it is relevent.
So endeth the lesson and welcome aboard
So we’ve heard from people in every town where Norv and Ted have been before and not one has said anything positive, at this point they might as well go 4 and 12 so A.J. can’t show his face in public and we remember this the next time we get into the playoffs and complain that we didn’t win the Superbowl, bridesmaids at least get to wear the dress, we aren’t even going to get to go to the wedding at this rate.
October 1, 2007 at 7:29 PM #86660ParticipantAt this rate the chargers will get to go to the wedding…..as the caterer that served up wins for everyone else.
I have lived in San Diego for just over 12 years now – I really have tried to like the Chargers – they just make it difficult sometimes.
October 1, 2007 at 8:36 PM #86665ParticipantWhat Tag Line???????
temeculaguy,
😉
Gotcha?
Personal? Who me?
As fer the Chargers… they were nuts to fire the HC after a 14-2 season…
October 1, 2007 at 8:44 PM #86670
CoronitaParticipantThe first thing is that most sellers who are not distressed are still way out of touch with the market reality. Especially in the more desireable areas. It is very frustrating. How someone would ask 800-900k for a 2500 sf home on a small lot that sits a few hundred yards from I5 and looks directly into an office building is simply crazy! Similarly La Costa Valley homes, while very nice are also priced with no concept of current conditions either. We actually saw a home that was HIGHER then recent comps and from our opinion was not appreciably in better condition. Seems like there are a whole lot of sellers that need to be put on ice for awhile.
Ouch. SD Realtor. After all the love and support, you stabbed me in the heart. Just kidding. Actually, yes I'm one of the fools that live in one of these in Torrey Hills. In fact, I would say most Torrey Hills places have some exposure to I-5 noise. I guess it could be worse, I could be living in Sea Ridge, right behind the power lines :).
October 1, 2007 at 9:40 PM #86680ParticipantFLU you still have the best name on the board… Also I have a feeling that you didn’t pay 800-900k for your Torrey Hills home…. I think you are bit to savy for that move my friend…
On the other hand I know of a great Carmel Valley condo for you…It even comes with a fish!
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