What will the bottom look like?

[bsrsharma]

Since they are probably unsophisticated folks, you can just suggest a simplistic formula for upper and lower bounds for price. For El Cajon, a price of $100/Sqft or less is a DEAL and $150/Sqft or more is NO DEAL. Any thing in between, let them use their discretion. While obviously trivial in complexity to track market bottom, this should at least save them from getting utterly destroyed.

[bsrsharma]

Since they are probably unsophisticated folks, you can just suggest a simplistic formula for upper and lower bounds for price. For El Cajon, a price of $100/Sqft or less is a DEAL and $150/Sqft or more is NO DEAL. Any thing in between, let them use their discretion. While obviously trivial in complexity to track market bottom, this should at least save them from getting utterly destroyed.

[cr]

Unfortunately, realtors are claiming that “This is a great time to buy”

When have realtors ever NOT said this? Save the few that actually recognize the bubble popped.

[cr]

Unfortunately, realtors are claiming that “This is a great time to buy”

When have realtors ever NOT said this? Save the few that actually recognize the bubble popped.

[cr]

Unfortunately, realtors are claiming that “This is a great time to buy”

When have realtors ever NOT said this? Save the few that actually recognize the bubble popped.

[cr]

Unfortunately, realtors are claiming that “This is a great time to buy”

When have realtors ever NOT said this? Save the few that actually recognize the bubble popped.

[kewp]

Think about the used car salesman stereotype.

Now consider that a realtor is basically a used house salesman.

[kewp]

Think about the used car salesman stereotype.

Now consider that a realtor is basically a used house salesman.

[kewp]

Think about the used car salesman stereotype.

Now consider that a realtor is basically a used house salesman.

[kewp]

Think about the used car salesman stereotype.

Now consider that a realtor is basically a used house salesman.

[blackbox]

but with less morals!
thus: bottom feeders…….

[blackbox]

but with less morals!
thus: bottom feeders…….

[blackbox]

but with less morals!
thus: bottom feeders…….

[blackbox]

but with less morals!
thus: bottom feeders…….

[SD Realtor]

citydweller – I would advise you to ask them to visit this site and others like it. You can also send them to Jim’s website. Contrary to what everyone says there are a few realtors out there who do have views that are not unrealistic.

These friends ultimately will make thier own choice regardless of your advice. However if you have them perhaps view what some other realtors think of this market then maybe that will sway them to hold off.

SD Realtor

[Author]

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