UT Article: More First Time Homebuyers

[Eugene]

“Not many people come out of college making 80k+, and 411k in SD is a townhome/condo generally. Also, the assumption of 10% down and using an ARM… didn’t they used to use 20% down and a 30 year? no wonder why we’re where we are now.”

Not many single people coming out of college think about buying a house right away, homebuyers are typically young couples. Two incomes easily add up to 80k even straight out of college. And 411k in SD is this

http://www.redfin.com/stingray/do/printable-listing?listing-id=1320155

or this

http://www.redfin.com/stingray/do/printable-listing?listing-id=1006701

or this (2466 sf)

http://www.redfin.com/stingray/do/printable-listing?listing-id=1270408

or even this (92024 zip code)

http://www.redfin.com/stingray/do/printable-listing?listing-id=1340125

With 20% down and 30 year you need slightly more than 80k, maybe 100k.

[Portlock]

It’s articles like these from CAR or NAR that make me distrust realtors.

I’m not convinced their fiduciary responsibility will be true to me…

However there is plenty of data showing greedy realtors contributed greatly to the price run up (see ocrenters website http://bubbletracking.blogspot.com)

[Portlock]

It’s articles like these from CAR or NAR that make me distrust realtors.

I’m not convinced their fiduciary responsibility will be true to me…

However there is plenty of data showing greedy realtors contributed greatly to the price run up (see ocrenters website http://bubbletracking.blogspot.com)

[Portlock]

It’s articles like these from CAR or NAR that make me distrust realtors.

I’m not convinced their fiduciary responsibility will be true to me…

However there is plenty of data showing greedy realtors contributed greatly to the price run up (see ocrenters website http://bubbletracking.blogspot.com)

[Portlock]

It’s articles like these from CAR or NAR that make me distrust realtors.

I’m not convinced their fiduciary responsibility will be true to me…

However there is plenty of data showing greedy realtors contributed greatly to the price run up (see ocrenters website http://bubbletracking.blogspot.com)

[Portlock]

It’s articles like these from CAR or NAR that make me distrust realtors.

I’m not convinced their fiduciary responsibility will be true to me…

However there is plenty of data showing greedy realtors contributed greatly to the price run up (see ocrenters website http://bubbletracking.blogspot.com)

[(former)FormerSanDiegan]

I saw the headline and didn’t even bother to read it. The headline was enough for me to laugh.
To me the headline states the obvious. Prices were lower in the last quarter of 2007, compared to 2006. Furthermore interest rates were lower. Therefore, housing is more affordable than the previous year. I don’t see why this is controversial. This is what we have all been observing here. The article does not say that it won’t get more affordable in the future. Regardless of the flawed metric being used, homes are getting more affordable. Isn’t this what we expect ?

[(former)FormerSanDiegan]

I saw the headline and didn’t even bother to read it. The headline was enough for me to laugh.
To me the headline states the obvious. Prices were lower in the last quarter of 2007, compared to 2006. Furthermore interest rates were lower. Therefore, housing is more affordable than the previous year. I don’t see why this is controversial. This is what we have all been observing here. The article does not say that it won’t get more affordable in the future. Regardless of the flawed metric being used, homes are getting more affordable. Isn’t this what we expect ?

[(former)FormerSanDiegan]

I saw the headline and didn’t even bother to read it. The headline was enough for me to laugh.
To me the headline states the obvious. Prices were lower in the last quarter of 2007, compared to 2006. Furthermore interest rates were lower. Therefore, housing is more affordable than the previous year. I don’t see why this is controversial. This is what we have all been observing here. The article does not say that it won’t get more affordable in the future. Regardless of the flawed metric being used, homes are getting more affordable. Isn’t this what we expect ?

[(former)FormerSanDiegan]

I saw the headline and didn’t even bother to read it. The headline was enough for me to laugh.
To me the headline states the obvious. Prices were lower in the last quarter of 2007, compared to 2006. Furthermore interest rates were lower. Therefore, housing is more affordable than the previous year. I don’t see why this is controversial. This is what we have all been observing here. The article does not say that it won’t get more affordable in the future. Regardless of the flawed metric being used, homes are getting more affordable. Isn’t this what we expect ?

[(former)FormerSanDiegan]

I saw the headline and didn’t even bother to read it. The headline was enough for me to laugh.
To me the headline states the obvious. Prices were lower in the last quarter of 2007, compared to 2006. Furthermore interest rates were lower. Therefore, housing is more affordable than the previous year. I don’t see why this is controversial. This is what we have all been observing here. The article does not say that it won’t get more affordable in the future. Regardless of the flawed metric being used, homes are getting more affordable. Isn’t this what we expect ?

[jpinpb]

It’s so affordable now. Quick. Everyone run out and buy b/c they’re not making land anymore and this will really be your last chance to buy.

[jpinpb]

It’s so affordable now. Quick. Everyone run out and buy b/c they’re not making land anymore and this will really be your last chance to buy.

[jpinpb]

It’s so affordable now. Quick. Everyone run out and buy b/c they’re not making land anymore and this will really be your last chance to buy.

[jpinpb]

It’s so affordable now. Quick. Everyone run out and buy b/c they’re not making land anymore and this will really be your last chance to buy.

[Author]

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