What is going on with the inventory!??!@#$%!!

[waiting for bottom]

Go onto SD lookup and check out inventory by zip. In hard hit areas like SEH, inventory is flat to down YTD.

In high end areas like 92009, 92011 and 92130 inventory is up as high as 40%.

Even if the 3K drop is true, the fundamentals don’t change.

[nostradamus]

One of the condos I was looking at just vanished off the radar. Wasn’t sold, didn’t go pending, just disappeared from the listings.

11420 Caminito La Bar #154, 92126

Any inside info someone can provide? It was for sale on sdlookup up until a few days ago.

BTW my foreclosed-on neighbor moved out, vacant condo sitting there unlisted.

[nostradamus]

One of the condos I was looking at just vanished off the radar. Wasn’t sold, didn’t go pending, just disappeared from the listings.

11420 Caminito La Bar #154, 92126

Any inside info someone can provide? It was for sale on sdlookup up until a few days ago.

BTW my foreclosed-on neighbor moved out, vacant condo sitting there unlisted.

[nostradamus]

One of the condos I was looking at just vanished off the radar. Wasn’t sold, didn’t go pending, just disappeared from the listings.

11420 Caminito La Bar #154, 92126

Any inside info someone can provide? It was for sale on sdlookup up until a few days ago.

BTW my foreclosed-on neighbor moved out, vacant condo sitting there unlisted.

[nostradamus]

One of the condos I was looking at just vanished off the radar. Wasn’t sold, didn’t go pending, just disappeared from the listings.

11420 Caminito La Bar #154, 92126

Any inside info someone can provide? It was for sale on sdlookup up until a few days ago.

BTW my foreclosed-on neighbor moved out, vacant condo sitting there unlisted.

[nostradamus]

One of the condos I was looking at just vanished off the radar. Wasn’t sold, didn’t go pending, just disappeared from the listings.

11420 Caminito La Bar #154, 92126

Any inside info someone can provide? It was for sale on sdlookup up until a few days ago.

BTW my foreclosed-on neighbor moved out, vacant condo sitting there unlisted.

[SD Realtor]

Nostra it is pending. Went off market May 30 2008 according to the MLS.

[SD Realtor]

Nostra it is pending. Went off market May 30 2008 according to the MLS.

[SD Realtor]

Nostra it is pending. Went off market May 30 2008 according to the MLS.

[SD Realtor]

Nostra it is pending. Went off market May 30 2008 according to the MLS.

[SD Realtor]

Nostra it is pending. Went off market May 30 2008 according to the MLS.

[CA renter]

I’ll say it again…the sales are UP rather dramatically in the lower-end areas. It’s rather stunning, actually.

While following a random sample of listings, there is a definite pattern. Homes priced in the $100K range (look in 92057) are **flying of the market**, and according to Jim Klinge’s site, a number of them are being bought by investors.

As of this moment, you could probably break even or get a slightly positive cash flow on most of these as rentals. However, what happens when all these new houses come onto the rental market? What will likely happen to rents in those areas, especially if the job market continues to deteriorate? Then, the fundamentals don’t work again, and the prices continue to fall.

Also, remember that all these low-priced sales serve as comps. We need somebody to set the downward-moving market prices for these houses. Might as well be somebody other than us! 😉

[CA renter]

I’ll say it again…the sales are UP rather dramatically in the lower-end areas. It’s rather stunning, actually.

While following a random sample of listings, there is a definite pattern. Homes priced in the $100K range (look in 92057) are **flying of the market**, and according to Jim Klinge’s site, a number of them are being bought by investors.

As of this moment, you could probably break even or get a slightly positive cash flow on most of these as rentals. However, what happens when all these new houses come onto the rental market? What will likely happen to rents in those areas, especially if the job market continues to deteriorate? Then, the fundamentals don’t work again, and the prices continue to fall.

Also, remember that all these low-priced sales serve as comps. We need somebody to set the downward-moving market prices for these houses. Might as well be somebody other than us! 😉

[CA renter]

I’ll say it again…the sales are UP rather dramatically in the lower-end areas. It’s rather stunning, actually.

While following a random sample of listings, there is a definite pattern. Homes priced in the $100K range (look in 92057) are **flying of the market**, and according to Jim Klinge’s site, a number of them are being bought by investors.

As of this moment, you could probably break even or get a slightly positive cash flow on most of these as rentals. However, what happens when all these new houses come onto the rental market? What will likely happen to rents in those areas, especially if the job market continues to deteriorate? Then, the fundamentals don’t work again, and the prices continue to fall.

Also, remember that all these low-priced sales serve as comps. We need somebody to set the downward-moving market prices for these houses. Might as well be somebody other than us! 😉

[CA renter]

I’ll say it again…the sales are UP rather dramatically in the lower-end areas. It’s rather stunning, actually.

While following a random sample of listings, there is a definite pattern. Homes priced in the $100K range (look in 92057) are **flying of the market**, and according to Jim Klinge’s site, a number of them are being bought by investors.

As of this moment, you could probably break even or get a slightly positive cash flow on most of these as rentals. However, what happens when all these new houses come onto the rental market? What will likely happen to rents in those areas, especially if the job market continues to deteriorate? Then, the fundamentals don’t work again, and the prices continue to fall.

Also, remember that all these low-priced sales serve as comps. We need somebody to set the downward-moving market prices for these houses. Might as well be somebody other than us! 😉

[Author]

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