[5yearwaiter]

[quote=jpinpb]I got this email from a realtor. Somehow I ended up on his list and occasionally still get mass-emailed newsletters:

I’m in Denver at another HUGE industry foreclosure conference. Next week I should have some hot-off-the-press updates for you on foreclosures and the state of the real estate market.

6 Reasons foreclosures have slowed…TEMPORARILY
…and should surge soon, plus a wildcard:

1. California SB1137- Delays foreclosure process by forcing lenders to contact delinquent borrowers, putting a “kink” in the foreclosure pipeline. However, timelines have now adjusted.

2. Fannie Mae & Freddie Mac have just ended their approximate 5-month foreclosure and eviction moratorium.

3. Various banks doing voluntary foreclosure moratoria &/or experimenting with loan modifications to see if they work to decrease loss. Mixed result.

4. U.S. government strong-arming lenders to work with borrowers on loan modifications. Again, mixed result.

5. Obama administration’s foreclosure assistance proposals will do little for San Diego because they focus on people with equity or no more than 5% under water. Too many in San Diego exceed the 5%…

6. On June 1, the “California Foreclosure Prevention Act” adds 90 days to the foreclosure process for banks that don’t have a viable loan modification process in place. Since ALL banks do, this law has ZERO impact unless the state politicians grandstand and refuse to okay these programs and declare the lenders in non-compliance.

7. BIG wildcard that won’t go away: Six months of rumors and proposals about the U.S. government buying bad mortgages from banks. Will they or won’t they? And if so, does that mean they (we!) give away even more $$$ so people can keep their homes? Or will the government foreclose and sell the homes just like the banks would???

Join Our Preferred Client Group For The Best Values
I find great real estate deals every week. But too often we cant match a client in time and someone else scoops it up. (My bank-clients wont let me buy their properties, or I’d be my best client!)

So I developed my Private Client Group, a select group of people serious, qualified, and ready to grab a great deal on a home or investment when — or before — it hits the market.

If you’d like to be in the Preferred Client Group, you need to:

Pre-approve with our approved lender
Come in for a short sit-down counseling session
Commit to work with us
To join and get the jump on the best real estate values in town.
[/quote]

Most of the time realtors play a favourable angle towards buyer(may be a real trick) – if buyer is thinking price go down they keep talk those specific dialouges that keeps buyer away from stress during making decission. However finally many realtors make us to compromise to the current market trend though they new much better things than us. I found the same version at the end of this email. Any way the initial content of the email about foreclosures are much plesant while reading.

[5yearwaiter]

[quote=PadreBrian]Those Pardee prices needed to come down. Those prices were asinine. Still needs to come down into the 6’s and 7’s. [/quote]

FYI – those prices already stepped down but in a hidden way. Recently at Manzinita Trails at PHR Padree listed high 600s and offering a bargains to minus 40k after that you still get some 50K credit on the house but only in the form of upgrades. Somehow they are trying to keep n show the listing price bit high. I am confident all these constructions never go smooth till end and soon much downturn of rates on the way – so these new constructions would halt slolwy when worst pictures slowly surface after 3 months. Currently we are all seeing a hype in all corners due to a Fed involved some 8K and 10K buzz… but who can gurantee today if you invest in even 650K price home with melorose and HOA together another 6000K per year – what will be the return on that home when you try to sell? Can anyone gurantee the investment? Of course no one assure this.

[5yearwaiter]

[quote=PadreBrian]Those Pardee prices needed to come down. Those prices were asinine. Still needs to come down into the 6’s and 7’s. [/quote]

FYI – those prices already stepped down but in a hidden way. Recently at Manzinita Trails at PHR Padree listed high 600s and offering a bargains to minus 40k after that you still get some 50K credit on the house but only in the form of upgrades. Somehow they are trying to keep n show the listing price bit high. I am confident all these constructions never go smooth till end and soon much downturn of rates on the way – so these new constructions would halt slolwy when worst pictures slowly surface after 3 months. Currently we are all seeing a hype in all corners due to a Fed involved some 8K and 10K buzz… but who can gurantee today if you invest in even 650K price home with melorose and HOA together another 6000K per year – what will be the return on that home when you try to sell? Can anyone gurantee the investment? Of course no one assure this.

[5yearwaiter]

[quote=PadreBrian]Those Pardee prices needed to come down. Those prices were asinine. Still needs to come down into the 6’s and 7’s. [/quote]

FYI – those prices already stepped down but in a hidden way. Recently at Manzinita Trails at PHR Padree listed high 600s and offering a bargains to minus 40k after that you still get some 50K credit on the house but only in the form of upgrades. Somehow they are trying to keep n show the listing price bit high. I am confident all these constructions never go smooth till end and soon much downturn of rates on the way – so these new constructions would halt slolwy when worst pictures slowly surface after 3 months. Currently we are all seeing a hype in all corners due to a Fed involved some 8K and 10K buzz… but who can gurantee today if you invest in even 650K price home with melorose and HOA together another 6000K per year – what will be the return on that home when you try to sell? Can anyone gurantee the investment? Of course no one assure this.

[5yearwaiter]

[quote=PadreBrian]Those Pardee prices needed to come down. Those prices were asinine. Still needs to come down into the 6’s and 7’s. [/quote]

FYI – those prices already stepped down but in a hidden way. Recently at Manzinita Trails at PHR Padree listed high 600s and offering a bargains to minus 40k after that you still get some 50K credit on the house but only in the form of upgrades. Somehow they are trying to keep n show the listing price bit high. I am confident all these constructions never go smooth till end and soon much downturn of rates on the way – so these new constructions would halt slolwy when worst pictures slowly surface after 3 months. Currently we are all seeing a hype in all corners due to a Fed involved some 8K and 10K buzz… but who can gurantee today if you invest in even 650K price home with melorose and HOA together another 6000K per year – what will be the return on that home when you try to sell? Can anyone gurantee the investment? Of course no one assure this.

[5yearwaiter]

[quote=PadreBrian]Those Pardee prices needed to come down. Those prices were asinine. Still needs to come down into the 6’s and 7’s. [/quote]

FYI – those prices already stepped down but in a hidden way. Recently at Manzinita Trails at PHR Padree listed high 600s and offering a bargains to minus 40k after that you still get some 50K credit on the house but only in the form of upgrades. Somehow they are trying to keep n show the listing price bit high. I am confident all these constructions never go smooth till end and soon much downturn of rates on the way – so these new constructions would halt slolwy when worst pictures slowly surface after 3 months. Currently we are all seeing a hype in all corners due to a Fed involved some 8K and 10K buzz… but who can gurantee today if you invest in even 650K price home with melorose and HOA together another 6000K per year – what will be the return on that home when you try to sell? Can anyone gurantee the investment? Of course no one assure this.

[5yearwaiter]

[quote=teacherSD]
San Dieguito Academy and Canyon Crest Academy are schools of choice (similar to a magnet school). Anyone who lives in the district can apply to go to these schools and they hold a lottery for enrollment if too many kids want to go there.

[/quote]

TeacherSD, Are Academy schools more higher standards when compare to normal schools?. Why people chose these Academy schools(Magnet)? I heard Torreypines is the one of the Toppest school in SD for several areas including in academics

[5yearwaiter]

[quote=teacherSD]
San Dieguito Academy and Canyon Crest Academy are schools of choice (similar to a magnet school). Anyone who lives in the district can apply to go to these schools and they hold a lottery for enrollment if too many kids want to go there.

[/quote]

TeacherSD, Are Academy schools more higher standards when compare to normal schools?. Why people chose these Academy schools(Magnet)? I heard Torreypines is the one of the Toppest school in SD for several areas including in academics

[5yearwaiter]

[quote=teacherSD]
San Dieguito Academy and Canyon Crest Academy are schools of choice (similar to a magnet school). Anyone who lives in the district can apply to go to these schools and they hold a lottery for enrollment if too many kids want to go there.

[/quote]

TeacherSD, Are Academy schools more higher standards when compare to normal schools?. Why people chose these Academy schools(Magnet)? I heard Torreypines is the one of the Toppest school in SD for several areas including in academics

[5yearwaiter]

[quote=teacherSD]
San Dieguito Academy and Canyon Crest Academy are schools of choice (similar to a magnet school). Anyone who lives in the district can apply to go to these schools and they hold a lottery for enrollment if too many kids want to go there.

[/quote]

TeacherSD, Are Academy schools more higher standards when compare to normal schools?. Why people chose these Academy schools(Magnet)? I heard Torreypines is the one of the Toppest school in SD for several areas including in academics

[5yearwaiter]

[quote=teacherSD]
San Dieguito Academy and Canyon Crest Academy are schools of choice (similar to a magnet school). Anyone who lives in the district can apply to go to these schools and they hold a lottery for enrollment if too many kids want to go there.

[/quote]

TeacherSD, Are Academy schools more higher standards when compare to normal schools?. Why people chose these Academy schools(Magnet)? I heard Torreypines is the one of the Toppest school in SD for several areas including in academics

[5yearwaiter]

[quote=patientrenter][quote=fishsticks]….Any predictions how the SD housing market would respond to, say, 8% interest rates?[/quote]

That’s easy:

1. Houses would become a lot cheaper for savers (a very small group)

2. Houses would become slightly more expensive for borrowers (the majority of buyers)

C’mon, now gimme a hard question.

Oh, and before mortgage interest rates got close to 8%, the voters in San Diego would let their Congressman know that they didn’t want interest rates to be high, and, hey presto! they would be lowered again. It’s good to control the Federal Reserve.[/quote]

Absolutely the housing prices decline fast if interest rates move even 6% further at this trend, It is simple math how do you invest for 600K property with that interest payment and there is no future gurantee for that money you can get back at the end !!

[5yearwaiter]

[quote=patientrenter][quote=fishsticks]….Any predictions how the SD housing market would respond to, say, 8% interest rates?[/quote]

That’s easy:

1. Houses would become a lot cheaper for savers (a very small group)

2. Houses would become slightly more expensive for borrowers (the majority of buyers)

C’mon, now gimme a hard question.

Oh, and before mortgage interest rates got close to 8%, the voters in San Diego would let their Congressman know that they didn’t want interest rates to be high, and, hey presto! they would be lowered again. It’s good to control the Federal Reserve.[/quote]

Absolutely the housing prices decline fast if interest rates move even 6% further at this trend, It is simple math how do you invest for 600K property with that interest payment and there is no future gurantee for that money you can get back at the end !!

[5yearwaiter]

[quote=patientrenter][quote=fishsticks]….Any predictions how the SD housing market would respond to, say, 8% interest rates?[/quote]

That’s easy:

1. Houses would become a lot cheaper for savers (a very small group)

2. Houses would become slightly more expensive for borrowers (the majority of buyers)

C’mon, now gimme a hard question.

Oh, and before mortgage interest rates got close to 8%, the voters in San Diego would let their Congressman know that they didn’t want interest rates to be high, and, hey presto! they would be lowered again. It’s good to control the Federal Reserve.[/quote]

Absolutely the housing prices decline fast if interest rates move even 6% further at this trend, It is simple math how do you invest for 600K property with that interest payment and there is no future gurantee for that money you can get back at the end !!

[5yearwaiter]

[quote=patientrenter][quote=fishsticks]….Any predictions how the SD housing market would respond to, say, 8% interest rates?[/quote]

That’s easy:

1. Houses would become a lot cheaper for savers (a very small group)

2. Houses would become slightly more expensive for borrowers (the majority of buyers)

C’mon, now gimme a hard question.

Oh, and before mortgage interest rates got close to 8%, the voters in San Diego would let their Congressman know that they didn’t want interest rates to be high, and, hey presto! they would be lowered again. It’s good to control the Federal Reserve.[/quote]

Absolutely the housing prices decline fast if interest rates move even 6% further at this trend, It is simple math how do you invest for 600K property with that interest payment and there is no future gurantee for that money you can get back at the end !!

[Author]

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