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sdrealtor.
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July 25, 2007 at 10:24 AM #67669July 25, 2007 at 10:29 AM #67606
WaitingToExhale
ParticipantFearful, you mention that “one guy has a house on the market for about one month, and has gotten one offer at the low of his range, $640K.”
Does that mean the seller turned down an offer that was within his range (which seems unreasonable, even if it was on the low end), or was the offer actually below his range?
I laways wonder when I see ranges if they are accurate, or a marketing ploy.
July 25, 2007 at 10:29 AM #67673ParticipantFearful, you mention that “one guy has a house on the market for about one month, and has gotten one offer at the low of his range, $640K.”
Does that mean the seller turned down an offer that was within his range (which seems unreasonable, even if it was on the low end), or was the offer actually below his range?
I laways wonder when I see ranges if they are accurate, or a marketing ploy.
July 25, 2007 at 10:35 AM #67604gn
Participantscruffydog,
Do you have any reply to this ?
http://piggington.com/mortgage_monster_0
Overall SD county supply is steady ~ 20k
Why is the supply currently at ~20k when it was ~5k 2-3 years ago ?
It's because the speculators who bought 2-3 years ago are now selling. Back then, they used Wallstreet's money to buy. This is why prices went up. Now, they are selling.
It's unraveling. It takes time. Slowly, but surely, prices will come down 🙂
July 25, 2007 at 10:35 AM #67671Participantscruffydog,
Do you have any reply to this ?
http://piggington.com/mortgage_monster_0
Overall SD county supply is steady ~ 20k
Why is the supply currently at ~20k when it was ~5k 2-3 years ago ?
It's because the speculators who bought 2-3 years ago are now selling. Back then, they used Wallstreet's money to buy. This is why prices went up. Now, they are selling.
It's unraveling. It takes time. Slowly, but surely, prices will come down 🙂
July 25, 2007 at 10:39 AM #67620JWM in SD
ParticipantI’m sorry, but ScruffyDog, you can’t be for real right???
Did you not learn your lesson the last time made a stupid comment like that? It took a matter minutes for your post to be refuted with facts.Mr Toscano, are you sure that you aren’t ScruffyDog and just posting to get us riled up or something???
July 25, 2007 at 10:39 AM #67686ParticipantI’m sorry, but ScruffyDog, you can’t be for real right???
Did you not learn your lesson the last time made a stupid comment like that? It took a matter minutes for your post to be refuted with facts.Mr Toscano, are you sure that you aren’t ScruffyDog and just posting to get us riled up or something???
July 25, 2007 at 10:43 AM #67622NotCranky
ParticipantI agree with Perry if he is saying it is not demand that is keeping prices up. Demand is pretty, broadly speaking,weak especially relative to inventory and foreclosure activity. Demand could increase to change the course of falling housing values, but the odds of that happening seem worse everyday. I wonder what is going to happen to the stuff that has already fallen 20%-30% after the full market starts getting slammed price wise, if it does.
July 25, 2007 at 10:43 AM #67689ParticipantI agree with Perry if he is saying it is not demand that is keeping prices up. Demand is pretty, broadly speaking,weak especially relative to inventory and foreclosure activity. Demand could increase to change the course of falling housing values, but the odds of that happening seem worse everyday. I wonder what is going to happen to the stuff that has already fallen 20%-30% after the full market starts getting slammed price wise, if it does.
July 25, 2007 at 10:49 AM #67624lendingbubblecontinues
ParticipantAnswering the original question….
The San Diego house market is imploding. Period.
It may be hard to see it because of all the attempts at obfuscation by our friends in the REIC.
But don’t worry, the market in San Diego is no different than anywhere else in this country where prices were driven up by loony lending standards. Don’t believe for a second that it isn’t.
Let the implosion continue…
July 25, 2007 at 10:49 AM #67691ParticipantAnswering the original question….
The San Diego house market is imploding. Period.
It may be hard to see it because of all the attempts at obfuscation by our friends in the REIC.
But don’t worry, the market in San Diego is no different than anywhere else in this country where prices were driven up by loony lending standards. Don’t believe for a second that it isn’t.
Let the implosion continue…
July 25, 2007 at 10:51 AM #67630donaldduckmoore
ParticipantFact is the fact, ScruffyDog, the lenders are really holding on the REOs and they have a limit. There are buyers out there for sure, but buyers that are still blindfolded by the message like “SD market was like FL so they can buy at 50% discount. Not gonna’ happen in SD though” will regret. Let us sit tight and watch this game. The meat is not here yet.
July 25, 2007 at 10:51 AM #67697ParticipantFact is the fact, ScruffyDog, the lenders are really holding on the REOs and they have a limit. There are buyers out there for sure, but buyers that are still blindfolded by the message like “SD market was like FL so they can buy at 50% discount. Not gonna’ happen in SD though” will regret. Let us sit tight and watch this game. The meat is not here yet.
July 25, 2007 at 11:26 AM #67632Arraya
ParticipantKeep buying houses scruffy… They never go down you’re going to make a killing!
July 25, 2007 at 11:26 AM #67699ParticipantKeep buying houses scruffy… They never go down you’re going to make a killing!
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