[AK]

I’m definitely feeling the part about the frenzy, and the inventory. There are some ****ed-up houses out there. As a buyer I’m also seeing a lot of pricing games … not sure if this is increasing or if I’m just paying more attention.

Just as an example, I saw one house in O’side go from $231K to $262K to $274K in the span of two weeks. I suspect I’ll see more of this in the near future … asking prices going up exactly 10% or $15,000 :/

One question for those of you in the business … I see a lot of pendings but not a lot of closings. Is it just a matter of overworked REO property managers, or do you suspect a lot of these pending deals will fall through over financing, inspections, and so on?

[AK]

It’s here:

http://www3.signonsandiego.com/stories/2009/feb/05/nv-ensign-housing-020509/?zIndex=49032

[AK]

It’s here:

http://www3.signonsandiego.com/stories/2009/feb/05/nv-ensign-housing-020509/?zIndex=49032

[AK]

It’s here:

http://www3.signonsandiego.com/stories/2009/feb/05/nv-ensign-housing-020509/?zIndex=49032

[AK]

It’s here:

http://www3.signonsandiego.com/stories/2009/feb/05/nv-ensign-housing-020509/?zIndex=49032

[AK]

It’s here:

http://www3.signonsandiego.com/stories/2009/feb/05/nv-ensign-housing-020509/?zIndex=49032

[AK]

Thanks for the first-hand observations kev374.

This all reminds me of some Gary Watts propaganda from a few years back … IIRC he claimed Americans would soon be split into hereditary classes of homeowners and landless peasants, specifically citing India as an example. I guess our second-favorite real estate economist never read Marx’s hypothesis that the concentration of wealth results from the cash-rich buying up assets after a bust 🙂

[AK]

Thanks for the first-hand observations kev374.

This all reminds me of some Gary Watts propaganda from a few years back … IIRC he claimed Americans would soon be split into hereditary classes of homeowners and landless peasants, specifically citing India as an example. I guess our second-favorite real estate economist never read Marx’s hypothesis that the concentration of wealth results from the cash-rich buying up assets after a bust 🙂

[AK]

Thanks for the first-hand observations kev374.

This all reminds me of some Gary Watts propaganda from a few years back … IIRC he claimed Americans would soon be split into hereditary classes of homeowners and landless peasants, specifically citing India as an example. I guess our second-favorite real estate economist never read Marx’s hypothesis that the concentration of wealth results from the cash-rich buying up assets after a bust 🙂

[AK]

Thanks for the first-hand observations kev374.

This all reminds me of some Gary Watts propaganda from a few years back … IIRC he claimed Americans would soon be split into hereditary classes of homeowners and landless peasants, specifically citing India as an example. I guess our second-favorite real estate economist never read Marx’s hypothesis that the concentration of wealth results from the cash-rich buying up assets after a bust 🙂

[AK]

Thanks for the first-hand observations kev374.

This all reminds me of some Gary Watts propaganda from a few years back … IIRC he claimed Americans would soon be split into hereditary classes of homeowners and landless peasants, specifically citing India as an example. I guess our second-favorite real estate economist never read Marx’s hypothesis that the concentration of wealth results from the cash-rich buying up assets after a bust 🙂

[AK]

I’m not sure I’d call that a balanced article. Their sources are:

1. “a global strategic advisory firm that specializes in outsourcing”

2. “an industry group of outsourcing leaders from Fortune 500 companies”

3. “president of World Sourcing Services for Computer Sciences Corp.”

All of whom have a vested interest in promoting the idea that all the cool kids are offshoring IT functions this year.

Ditto what everyone else says about salaries. Of course there are lots of brilliant software developers in India, but you won’t get them for $8K a year.

[AK]

I’m not sure I’d call that a balanced article. Their sources are:

1. “a global strategic advisory firm that specializes in outsourcing”

2. “an industry group of outsourcing leaders from Fortune 500 companies”

3. “president of World Sourcing Services for Computer Sciences Corp.”

All of whom have a vested interest in promoting the idea that all the cool kids are offshoring IT functions this year.

Ditto what everyone else says about salaries. Of course there are lots of brilliant software developers in India, but you won’t get them for $8K a year.

[AK]

I’m not sure I’d call that a balanced article. Their sources are:

1. “a global strategic advisory firm that specializes in outsourcing”

2. “an industry group of outsourcing leaders from Fortune 500 companies”

3. “president of World Sourcing Services for Computer Sciences Corp.”

All of whom have a vested interest in promoting the idea that all the cool kids are offshoring IT functions this year.

Ditto what everyone else says about salaries. Of course there are lots of brilliant software developers in India, but you won’t get them for $8K a year.

[AK]

I’m not sure I’d call that a balanced article. Their sources are:

1. “a global strategic advisory firm that specializes in outsourcing”

2. “an industry group of outsourcing leaders from Fortune 500 companies”

3. “president of World Sourcing Services for Computer Sciences Corp.”

All of whom have a vested interest in promoting the idea that all the cool kids are offshoring IT functions this year.

Ditto what everyone else says about salaries. Of course there are lots of brilliant software developers in India, but you won’t get them for $8K a year.

[Author]

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