[4plexowner]

Just so we are clear, I don’t believe that any manipulation will prevent the next downleg in SoCal’s real estate market (coming soon to the high end market near you!)

I continue to believe that the real bottom in SoCal’s real estate market will occur in 2011/2012 at the earliest and maybe not until 2014 – prices will scrape along this bottom for 2 or 3 years before starting to appreciate slowly

The only caveat I see is if the govt and/or banks can somehow return the zero-down, fog-a-mirror loans so coffee baristas and migrant workers can return to buying $700K houses

[4plexowner]

Just so we are clear, I don’t believe that any manipulation will prevent the next downleg in SoCal’s real estate market (coming soon to the high end market near you!)

I continue to believe that the real bottom in SoCal’s real estate market will occur in 2011/2012 at the earliest and maybe not until 2014 – prices will scrape along this bottom for 2 or 3 years before starting to appreciate slowly

The only caveat I see is if the govt and/or banks can somehow return the zero-down, fog-a-mirror loans so coffee baristas and migrant workers can return to buying $700K houses

[4plexowner]

Just so we are clear, I don’t believe that any manipulation will prevent the next downleg in SoCal’s real estate market (coming soon to the high end market near you!)

I continue to believe that the real bottom in SoCal’s real estate market will occur in 2011/2012 at the earliest and maybe not until 2014 – prices will scrape along this bottom for 2 or 3 years before starting to appreciate slowly

The only caveat I see is if the govt and/or banks can somehow return the zero-down, fog-a-mirror loans so coffee baristas and migrant workers can return to buying $700K houses

[4plexowner]

Just so we are clear, I don’t believe that any manipulation will prevent the next downleg in SoCal’s real estate market (coming soon to the high end market near you!)

I continue to believe that the real bottom in SoCal’s real estate market will occur in 2011/2012 at the earliest and maybe not until 2014 – prices will scrape along this bottom for 2 or 3 years before starting to appreciate slowly

The only caveat I see is if the govt and/or banks can somehow return the zero-down, fog-a-mirror loans so coffee baristas and migrant workers can return to buying $700K houses

[4plexowner]

Just so we are clear, I don’t believe that any manipulation will prevent the next downleg in SoCal’s real estate market (coming soon to the high end market near you!)

I continue to believe that the real bottom in SoCal’s real estate market will occur in 2011/2012 at the earliest and maybe not until 2014 – prices will scrape along this bottom for 2 or 3 years before starting to appreciate slowly

The only caveat I see is if the govt and/or banks can somehow return the zero-down, fog-a-mirror loans so coffee baristas and migrant workers can return to buying $700K houses

[4plexowner]

refi loan on a condo vs purchase loan on a property where unpermitted additions are enough of an issue to actually state them as an issue in the listing

can you say, “apples and oranges”?

[4plexowner]

refi loan on a condo vs purchase loan on a property where unpermitted additions are enough of an issue to actually state them as an issue in the listing

can you say, “apples and oranges”?

[4plexowner]

refi loan on a condo vs purchase loan on a property where unpermitted additions are enough of an issue to actually state them as an issue in the listing

can you say, “apples and oranges”?

[4plexowner]

refi loan on a condo vs purchase loan on a property where unpermitted additions are enough of an issue to actually state them as an issue in the listing

can you say, “apples and oranges”?

[4plexowner]

refi loan on a condo vs purchase loan on a property where unpermitted additions are enough of an issue to actually state them as an issue in the listing

can you say, “apples and oranges”?

[4plexowner]

just guessing here – several possibilities for cash sale

– seller knows the unpermitted additions would have to be removed / brought up to code
– seller knows an appraisal won’t support the sales price without the additions – an appraiser won’t give much value (if any) to the additions because they aren’t permitted
– seller knows the house without the additions isn’t worth what he wants to sell for

probably can’t obtain financing of any type until the unpermitted additions are resolved – a loan underwriter will pickup on this issue and refuse to let the loan close

[4plexowner]

just guessing here – several possibilities for cash sale

– seller knows the unpermitted additions would have to be removed / brought up to code
– seller knows an appraisal won’t support the sales price without the additions – an appraiser won’t give much value (if any) to the additions because they aren’t permitted
– seller knows the house without the additions isn’t worth what he wants to sell for

probably can’t obtain financing of any type until the unpermitted additions are resolved – a loan underwriter will pickup on this issue and refuse to let the loan close

[4plexowner]

just guessing here – several possibilities for cash sale

– seller knows the unpermitted additions would have to be removed / brought up to code
– seller knows an appraisal won’t support the sales price without the additions – an appraiser won’t give much value (if any) to the additions because they aren’t permitted
– seller knows the house without the additions isn’t worth what he wants to sell for

probably can’t obtain financing of any type until the unpermitted additions are resolved – a loan underwriter will pickup on this issue and refuse to let the loan close

[4plexowner]

just guessing here – several possibilities for cash sale

– seller knows the unpermitted additions would have to be removed / brought up to code
– seller knows an appraisal won’t support the sales price without the additions – an appraiser won’t give much value (if any) to the additions because they aren’t permitted
– seller knows the house without the additions isn’t worth what he wants to sell for

probably can’t obtain financing of any type until the unpermitted additions are resolved – a loan underwriter will pickup on this issue and refuse to let the loan close

[4plexowner]

just guessing here – several possibilities for cash sale

– seller knows the unpermitted additions would have to be removed / brought up to code
– seller knows an appraisal won’t support the sales price without the additions – an appraiser won’t give much value (if any) to the additions because they aren’t permitted
– seller knows the house without the additions isn’t worth what he wants to sell for

probably can’t obtain financing of any type until the unpermitted additions are resolved – a loan underwriter will pickup on this issue and refuse to let the loan close

[Author]

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