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ParticipantFor the price to reach $450K there should be no buyers in $500-550K price range. I think there are a couple of dozen such buyers on this board alone.
I originally said “closer to $150 than $200”, so once it gets to $174 I’m golden.
A year ago we weren’t talking about the collapse of the secondary market for mortgage paper or 30% price decreases in this county or $5/gallon gasoline, but it all happened anyway. We might be in the 5th inning of this game, but it’s a double header and we have a long ways to go yet.
Besides, I don’t think the regional pricing structure will decline to that point without mortgage interest rates going up. That means that people who are $600k buyers now may only be able to swing $400k purchases then. A $360,000 loan at 9% is almost $2,900/month, and that’s without taxes, insurance, maintenance, etc. Even now those homes aren’t renting for $3,000/month.
It can happen.
ParticipantFor the price to reach $450K there should be no buyers in $500-550K price range. I think there are a couple of dozen such buyers on this board alone.
I originally said “closer to $150 than $200”, so once it gets to $174 I’m golden.
A year ago we weren’t talking about the collapse of the secondary market for mortgage paper or 30% price decreases in this county or $5/gallon gasoline, but it all happened anyway. We might be in the 5th inning of this game, but it’s a double header and we have a long ways to go yet.
Besides, I don’t think the regional pricing structure will decline to that point without mortgage interest rates going up. That means that people who are $600k buyers now may only be able to swing $400k purchases then. A $360,000 loan at 9% is almost $2,900/month, and that’s without taxes, insurance, maintenance, etc. Even now those homes aren’t renting for $3,000/month.
It can happen.
ParticipantFor the price to reach $450K there should be no buyers in $500-550K price range. I think there are a couple of dozen such buyers on this board alone.
I originally said “closer to $150 than $200”, so once it gets to $174 I’m golden.
A year ago we weren’t talking about the collapse of the secondary market for mortgage paper or 30% price decreases in this county or $5/gallon gasoline, but it all happened anyway. We might be in the 5th inning of this game, but it’s a double header and we have a long ways to go yet.
Besides, I don’t think the regional pricing structure will decline to that point without mortgage interest rates going up. That means that people who are $600k buyers now may only be able to swing $400k purchases then. A $360,000 loan at 9% is almost $2,900/month, and that’s without taxes, insurance, maintenance, etc. Even now those homes aren’t renting for $3,000/month.
It can happen.
ParticipantFor the price to reach $450K there should be no buyers in $500-550K price range. I think there are a couple of dozen such buyers on this board alone.
I originally said “closer to $150 than $200”, so once it gets to $174 I’m golden.
A year ago we weren’t talking about the collapse of the secondary market for mortgage paper or 30% price decreases in this county or $5/gallon gasoline, but it all happened anyway. We might be in the 5th inning of this game, but it’s a double header and we have a long ways to go yet.
Besides, I don’t think the regional pricing structure will decline to that point without mortgage interest rates going up. That means that people who are $600k buyers now may only be able to swing $400k purchases then. A $360,000 loan at 9% is almost $2,900/month, and that’s without taxes, insurance, maintenance, etc. Even now those homes aren’t renting for $3,000/month.
It can happen.
ParticipantThat’s only 10% more off this list price. Sub $200/SF pricing is in the bag. I’m thinking it’ll settle out closer to $150/SF than $200/SF.
ParticipantThat’s only 10% more off this list price. Sub $200/SF pricing is in the bag. I’m thinking it’ll settle out closer to $150/SF than $200/SF.
ParticipantThat’s only 10% more off this list price. Sub $200/SF pricing is in the bag. I’m thinking it’ll settle out closer to $150/SF than $200/SF.
ParticipantThat’s only 10% more off this list price. Sub $200/SF pricing is in the bag. I’m thinking it’ll settle out closer to $150/SF than $200/SF.
ParticipantThat’s only 10% more off this list price. Sub $200/SF pricing is in the bag. I’m thinking it’ll settle out closer to $150/SF than $200/SF.
ParticipantEither that or maybe there were a lot of “options and upgrades”. Most of these builders really raped their buyers for these options by grossly inflating their costs. I mean, really abusive markups.
The irony is that in 3 or 4 years after the initial purchase these upgrades all-but disappear in the resale transactions.
This is just the beginning. I think the really big declines for 4S are at least a year away at this point.
ParticipantEither that or maybe there were a lot of “options and upgrades”. Most of these builders really raped their buyers for these options by grossly inflating their costs. I mean, really abusive markups.
The irony is that in 3 or 4 years after the initial purchase these upgrades all-but disappear in the resale transactions.
This is just the beginning. I think the really big declines for 4S are at least a year away at this point.
ParticipantEither that or maybe there were a lot of “options and upgrades”. Most of these builders really raped their buyers for these options by grossly inflating their costs. I mean, really abusive markups.
The irony is that in 3 or 4 years after the initial purchase these upgrades all-but disappear in the resale transactions.
This is just the beginning. I think the really big declines for 4S are at least a year away at this point.
ParticipantEither that or maybe there were a lot of “options and upgrades”. Most of these builders really raped their buyers for these options by grossly inflating their costs. I mean, really abusive markups.
The irony is that in 3 or 4 years after the initial purchase these upgrades all-but disappear in the resale transactions.
This is just the beginning. I think the really big declines for 4S are at least a year away at this point.
ParticipantEither that or maybe there were a lot of “options and upgrades”. Most of these builders really raped their buyers for these options by grossly inflating their costs. I mean, really abusive markups.
The irony is that in 3 or 4 years after the initial purchase these upgrades all-but disappear in the resale transactions.
This is just the beginning. I think the really big declines for 4S are at least a year away at this point.
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