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February 19, 2008 at 8:48 PM #156333February 19, 2008 at 9:06 PM #155970citydwellerParticipant
I have been following the Mission Valley (92108) market for the past 2 years as a potential investor for a rental condo. 2 years ago there was NOTHING listed for under $200K. Currently there are 31 units available for under $200K. If I were not very educated in where the market is going, I would probably think that now is a good time to jump in and start picking up investment properties.
However, there are also 95 properties in Mission Valley that are currently in default. I think I’ll wait until the default numbers start to decrease before I even think about jumping in.February 19, 2008 at 9:06 PM #156254citydwellerParticipantI have been following the Mission Valley (92108) market for the past 2 years as a potential investor for a rental condo. 2 years ago there was NOTHING listed for under $200K. Currently there are 31 units available for under $200K. If I were not very educated in where the market is going, I would probably think that now is a good time to jump in and start picking up investment properties.
However, there are also 95 properties in Mission Valley that are currently in default. I think I’ll wait until the default numbers start to decrease before I even think about jumping in.February 19, 2008 at 9:06 PM #156259citydwellerParticipantI have been following the Mission Valley (92108) market for the past 2 years as a potential investor for a rental condo. 2 years ago there was NOTHING listed for under $200K. Currently there are 31 units available for under $200K. If I were not very educated in where the market is going, I would probably think that now is a good time to jump in and start picking up investment properties.
However, there are also 95 properties in Mission Valley that are currently in default. I think I’ll wait until the default numbers start to decrease before I even think about jumping in.February 19, 2008 at 9:06 PM #156275citydwellerParticipantI have been following the Mission Valley (92108) market for the past 2 years as a potential investor for a rental condo. 2 years ago there was NOTHING listed for under $200K. Currently there are 31 units available for under $200K. If I were not very educated in where the market is going, I would probably think that now is a good time to jump in and start picking up investment properties.
However, there are also 95 properties in Mission Valley that are currently in default. I think I’ll wait until the default numbers start to decrease before I even think about jumping in.February 19, 2008 at 9:06 PM #156348citydwellerParticipantI have been following the Mission Valley (92108) market for the past 2 years as a potential investor for a rental condo. 2 years ago there was NOTHING listed for under $200K. Currently there are 31 units available for under $200K. If I were not very educated in where the market is going, I would probably think that now is a good time to jump in and start picking up investment properties.
However, there are also 95 properties in Mission Valley that are currently in default. I think I’ll wait until the default numbers start to decrease before I even think about jumping in.February 19, 2008 at 9:09 PM #155985jpinpbParticipantBugs – Thanks for your comment. For a minute reading through this forum, I thought I slipped into a Twilight Zone episode and I was back in time a few years ago. Was breaking into a cold sweat and thought all those economists saying on their most positive moments that it would be a year before there’s any recovery was just BS. My heart was beginning to race and I was beginning to hear the mantra from the Realtwhores about “Now’s the time to buy” again.
Thanks for the reality check. That’s right. Too much inventory and much more on the way. Everyone wants to buy, BUT few are qualified, so less demand. That can only mean one thing.
It is impressive to have a 20% drop in a year. It’s also impressive how you can’t bring the realtors down and they are perpetually positive on the market always. Astonishing.
February 19, 2008 at 9:09 PM #156266jpinpbParticipantBugs – Thanks for your comment. For a minute reading through this forum, I thought I slipped into a Twilight Zone episode and I was back in time a few years ago. Was breaking into a cold sweat and thought all those economists saying on their most positive moments that it would be a year before there’s any recovery was just BS. My heart was beginning to race and I was beginning to hear the mantra from the Realtwhores about “Now’s the time to buy” again.
Thanks for the reality check. That’s right. Too much inventory and much more on the way. Everyone wants to buy, BUT few are qualified, so less demand. That can only mean one thing.
It is impressive to have a 20% drop in a year. It’s also impressive how you can’t bring the realtors down and they are perpetually positive on the market always. Astonishing.
February 19, 2008 at 9:09 PM #156273jpinpbParticipantBugs – Thanks for your comment. For a minute reading through this forum, I thought I slipped into a Twilight Zone episode and I was back in time a few years ago. Was breaking into a cold sweat and thought all those economists saying on their most positive moments that it would be a year before there’s any recovery was just BS. My heart was beginning to race and I was beginning to hear the mantra from the Realtwhores about “Now’s the time to buy” again.
Thanks for the reality check. That’s right. Too much inventory and much more on the way. Everyone wants to buy, BUT few are qualified, so less demand. That can only mean one thing.
It is impressive to have a 20% drop in a year. It’s also impressive how you can’t bring the realtors down and they are perpetually positive on the market always. Astonishing.
February 19, 2008 at 9:09 PM #156290jpinpbParticipantBugs – Thanks for your comment. For a minute reading through this forum, I thought I slipped into a Twilight Zone episode and I was back in time a few years ago. Was breaking into a cold sweat and thought all those economists saying on their most positive moments that it would be a year before there’s any recovery was just BS. My heart was beginning to race and I was beginning to hear the mantra from the Realtwhores about “Now’s the time to buy” again.
Thanks for the reality check. That’s right. Too much inventory and much more on the way. Everyone wants to buy, BUT few are qualified, so less demand. That can only mean one thing.
It is impressive to have a 20% drop in a year. It’s also impressive how you can’t bring the realtors down and they are perpetually positive on the market always. Astonishing.
February 19, 2008 at 9:09 PM #156363jpinpbParticipantBugs – Thanks for your comment. For a minute reading through this forum, I thought I slipped into a Twilight Zone episode and I was back in time a few years ago. Was breaking into a cold sweat and thought all those economists saying on their most positive moments that it would be a year before there’s any recovery was just BS. My heart was beginning to race and I was beginning to hear the mantra from the Realtwhores about “Now’s the time to buy” again.
Thanks for the reality check. That’s right. Too much inventory and much more on the way. Everyone wants to buy, BUT few are qualified, so less demand. That can only mean one thing.
It is impressive to have a 20% drop in a year. It’s also impressive how you can’t bring the realtors down and they are perpetually positive on the market always. Astonishing.
February 19, 2008 at 9:11 PM #155995paramountParticipantFrom Wiki:
A dead cat bounce is a term used by traders in the finance industry to describe a pattern wherein a moderate rise in the price of a stock follows a spectacular fall, with the connotation that the rise does not indicate improving circumstances. It is derived from the notion that “even a dead cat will bounce if it falls from a great height”.
February 19, 2008 at 9:11 PM #156280paramountParticipantFrom Wiki:
A dead cat bounce is a term used by traders in the finance industry to describe a pattern wherein a moderate rise in the price of a stock follows a spectacular fall, with the connotation that the rise does not indicate improving circumstances. It is derived from the notion that “even a dead cat will bounce if it falls from a great height”.
February 19, 2008 at 9:11 PM #156282paramountParticipantFrom Wiki:
A dead cat bounce is a term used by traders in the finance industry to describe a pattern wherein a moderate rise in the price of a stock follows a spectacular fall, with the connotation that the rise does not indicate improving circumstances. It is derived from the notion that “even a dead cat will bounce if it falls from a great height”.
February 19, 2008 at 9:11 PM #156300paramountParticipantFrom Wiki:
A dead cat bounce is a term used by traders in the finance industry to describe a pattern wherein a moderate rise in the price of a stock follows a spectacular fall, with the connotation that the rise does not indicate improving circumstances. It is derived from the notion that “even a dead cat will bounce if it falls from a great height”.
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