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Arraya
ParticipantWant to get your blood pressure up more. Check out this seminar from last year that George did talking about negative media bias on housing. Oh, btw did you know children of renters are more likely to get pregnant out of wedlock….
August 26, 2007 at 8:01 AM in reply to: From Stripper To Mortage Broker and $800,000 Wedding… #81086ParticipantI bet she is back on the pole.
August 26, 2007 at 8:01 AM in reply to: From Stripper To Mortage Broker and $800,000 Wedding… #81217ParticipantI bet she is back on the pole.
August 26, 2007 at 8:01 AM in reply to: From Stripper To Mortage Broker and $800,000 Wedding… #81238ParticipantI bet she is back on the pole.
August 25, 2007 at 2:47 PM in reply to: 40% drop on M.V. Condo, does it make fundamental sense now? #80897ParticipantLindismith,
I am watching Hillcrest/Bankers hill condos pretty closely as well. It seems that the sub 1000 sq ft are getting clobbered. I’d say over 50% of the sub 1000 are listing at a loss. I’ve seen many 50-100K losses off of peak.
Also if you notice the the inventory is probably close to 15 months if you count all the newly developed that they are not listing. Plus Deca which is schedualed to be finnished in sept I with another 187 units. Ughh… It’s ugly.
Interesting watching all the bank owned undercut peak buyers that are trying to sell at what they bought it for.
I see a fundementals approching quickly as well maybe less than 12 months.
August 25, 2007 at 2:47 PM in reply to: 40% drop on M.V. Condo, does it make fundamental sense now? #81030ParticipantLindismith,
I am watching Hillcrest/Bankers hill condos pretty closely as well. It seems that the sub 1000 sq ft are getting clobbered. I’d say over 50% of the sub 1000 are listing at a loss. I’ve seen many 50-100K losses off of peak.
Also if you notice the the inventory is probably close to 15 months if you count all the newly developed that they are not listing. Plus Deca which is schedualed to be finnished in sept I with another 187 units. Ughh… It’s ugly.
Interesting watching all the bank owned undercut peak buyers that are trying to sell at what they bought it for.
I see a fundementals approching quickly as well maybe less than 12 months.
August 25, 2007 at 2:47 PM in reply to: 40% drop on M.V. Condo, does it make fundamental sense now? #81049ParticipantLindismith,
I am watching Hillcrest/Bankers hill condos pretty closely as well. It seems that the sub 1000 sq ft are getting clobbered. I’d say over 50% of the sub 1000 are listing at a loss. I’ve seen many 50-100K losses off of peak.
Also if you notice the the inventory is probably close to 15 months if you count all the newly developed that they are not listing. Plus Deca which is schedualed to be finnished in sept I with another 187 units. Ughh… It’s ugly.
Interesting watching all the bank owned undercut peak buyers that are trying to sell at what they bought it for.
I see a fundementals approching quickly as well maybe less than 12 months.
ParticipantAnyone have the relative disparity between home price in an area and income of the home borrower?
I’ve often thought that data would be the most beneficial in determining the relative strength of an area.
I think that data is virtually impossible to gather with the slightest bit of accuracy due to the huge percentage of “stated” loans done over the last 3 years.
That actually might be telling in itself, percentage of stated loans done per zip code. That could probably give you an idea. Wonder if the lenders would volunteer to give that up?
ParticipantAnyone have the relative disparity between home price in an area and income of the home borrower?
I’ve often thought that data would be the most beneficial in determining the relative strength of an area.
I think that data is virtually impossible to gather with the slightest bit of accuracy due to the huge percentage of “stated” loans done over the last 3 years.
That actually might be telling in itself, percentage of stated loans done per zip code. That could probably give you an idea. Wonder if the lenders would volunteer to give that up?
ParticipantAnyone have the relative disparity between home price in an area and income of the home borrower?
I’ve often thought that data would be the most beneficial in determining the relative strength of an area.
I think that data is virtually impossible to gather with the slightest bit of accuracy due to the huge percentage of “stated” loans done over the last 3 years.
That actually might be telling in itself, percentage of stated loans done per zip code. That could probably give you an idea. Wonder if the lenders would volunteer to give that up?
ParticipantIt always brings out the best in the board when a newbie comes in says something ignorant. Solid entertainment with some great insight!
Thanks
ParticipantIt always brings out the best in the board when a newbie comes in says something ignorant. Solid entertainment with some great insight!
Thanks
ParticipantIt always brings out the best in the board when a newbie comes in says something ignorant. Solid entertainment with some great insight!
Thanks
ParticipantWow… That seems to be correct. Even more interesting is the seller is a famous author or at least has the name of one.
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