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May 31, 2007 at 7:48 PM in reply to: So I pulled the trigger: My buying experience in Temecula (long story) #55812
Bugs
ParticipantYou’re buying the house for other than financial gain, right? If so, the congratulations on your purchase and I hope everything works out for you.
May 31, 2007 at 7:48 PM in reply to: So I pulled the trigger: My buying experience in Temecula (long story) #55831ParticipantYou’re buying the house for other than financial gain, right? If so, the congratulations on your purchase and I hope everything works out for you.
ParticipantSince we’re talking about the high dollar properties…
There have been a total of 57 homes sold all through San Diego county over the last year for $5,000,000 or more. That includes Rancho Santa Fe, Del Mar, La Jolla, the ranches out in the east county, etc..
During the same time period there were over 18,500 other SFR sales through the MLS throughout the County. That doesn’t include the condos.
ParticipantSince we’re talking about the high dollar properties…
There have been a total of 57 homes sold all through San Diego county over the last year for $5,000,000 or more. That includes Rancho Santa Fe, Del Mar, La Jolla, the ranches out in the east county, etc..
During the same time period there were over 18,500 other SFR sales through the MLS throughout the County. That doesn’t include the condos.
ParticipantI’d watch it, so long as they don’t call it “Rich is a Poo-Poo Head”.
ParticipantI’d watch it, so long as they don’t call it “Rich is a Poo-Poo Head”.
May 31, 2007 at 11:08 AM in reply to: 4S ranch Silhouette starts to sell model homes! will it stop selling future houses?? #55736Participant4P,
You’re right, that is a pretty cute trick. I hadn’t heard that one before. Is this something they’re doing in the lower priced regions?
May 31, 2007 at 11:08 AM in reply to: 4S ranch Silhouette starts to sell model homes! will it stop selling future houses?? #55755Participant4P,
You’re right, that is a pretty cute trick. I hadn’t heard that one before. Is this something they’re doing in the lower priced regions?
May 31, 2007 at 7:44 AM in reply to: 4S ranch Silhouette starts to sell model homes! will it stop selling future houses?? #55682ParticipantAs I see it, these builders are fighting two battles – first they need to get their buyers in and sell their units, then they have to find financing for those buyers. Regardless of prices, the availability of the liar loans is dwindling.
May 31, 2007 at 7:44 AM in reply to: 4S ranch Silhouette starts to sell model homes! will it stop selling future houses?? #55701ParticipantAs I see it, these builders are fighting two battles – first they need to get their buyers in and sell their units, then they have to find financing for those buyers. Regardless of prices, the availability of the liar loans is dwindling.
ParticipantI suppose it could drop that fast but I’m skeptical. It’s not consistent with the data I see at street level.
I’d want to see the methodology they used to come up with that number. I have a feeling we’re talking about some kind of averaging that makes assumptions about the datasets that may not be warranted.
ParticipantI suppose it could drop that fast but I’m skeptical. It’s not consistent with the data I see at street level.
I’d want to see the methodology they used to come up with that number. I have a feeling we’re talking about some kind of averaging that makes assumptions about the datasets that may not be warranted.
May 30, 2007 at 8:01 PM in reply to: 4S ranch Silhouette starts to sell model homes! will it stop selling future houses?? #55622ParticipantIf an investor was buying the hype that this downturn will end shortly then they might roll the dice. By buying now they are locking in a discounted price and having the developer completely carry the entire mortgage payment and other holding costs until the project is completed, at which point they get back a model home that’s never been lived in and has every option that builder offered.
All it would take for this strategy to work is if the market rebounds and starts to head back up by the time the project is completed. I sure as heck wouldn’t take this gamble, but I could see how a die-hard flip addict would see this as a “bold move” that might lead to a big payday.
May 30, 2007 at 8:01 PM in reply to: 4S ranch Silhouette starts to sell model homes! will it stop selling future houses?? #55640ParticipantIf an investor was buying the hype that this downturn will end shortly then they might roll the dice. By buying now they are locking in a discounted price and having the developer completely carry the entire mortgage payment and other holding costs until the project is completed, at which point they get back a model home that’s never been lived in and has every option that builder offered.
All it would take for this strategy to work is if the market rebounds and starts to head back up by the time the project is completed. I sure as heck wouldn’t take this gamble, but I could see how a die-hard flip addict would see this as a “bold move” that might lead to a big payday.
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