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ParticipantYopu know it’s getting really bad when the numbers of NOTs are at or near the same level as the number of sales.
ParticipantYopu know it’s getting really bad when the numbers of NOTs are at or near the same level as the number of sales.
ParticipantYopu know it’s getting really bad when the numbers of NOTs are at or near the same level as the number of sales.
ParticipantYopu know it’s getting really bad when the numbers of NOTs are at or near the same level as the number of sales.
ParticipantI just saw a 2ba/1ba condo in Oceanside 92054 sell for $142k, and they’re a long ways from bottoming out there.
In late yr2000, similar units were selling in the $90,000 range. By contrast, in 2000 you could have bought a 1980s 2bd/2ba unit for between $150k – $200k in the UTC area.
I doubt pricing will bottom out near these levels in these areas but because after a certain point the rents start to justify higher prices than that. But you never know – the rents in this region have increased a lot more than incomes have, and there’s no saying that they won’t adjust too.
ParticipantI just saw a 2ba/1ba condo in Oceanside 92054 sell for $142k, and they’re a long ways from bottoming out there.
In late yr2000, similar units were selling in the $90,000 range. By contrast, in 2000 you could have bought a 1980s 2bd/2ba unit for between $150k – $200k in the UTC area.
I doubt pricing will bottom out near these levels in these areas but because after a certain point the rents start to justify higher prices than that. But you never know – the rents in this region have increased a lot more than incomes have, and there’s no saying that they won’t adjust too.
ParticipantI just saw a 2ba/1ba condo in Oceanside 92054 sell for $142k, and they’re a long ways from bottoming out there.
In late yr2000, similar units were selling in the $90,000 range. By contrast, in 2000 you could have bought a 1980s 2bd/2ba unit for between $150k – $200k in the UTC area.
I doubt pricing will bottom out near these levels in these areas but because after a certain point the rents start to justify higher prices than that. But you never know – the rents in this region have increased a lot more than incomes have, and there’s no saying that they won’t adjust too.
ParticipantI just saw a 2ba/1ba condo in Oceanside 92054 sell for $142k, and they’re a long ways from bottoming out there.
In late yr2000, similar units were selling in the $90,000 range. By contrast, in 2000 you could have bought a 1980s 2bd/2ba unit for between $150k – $200k in the UTC area.
I doubt pricing will bottom out near these levels in these areas but because after a certain point the rents start to justify higher prices than that. But you never know – the rents in this region have increased a lot more than incomes have, and there’s no saying that they won’t adjust too.
ParticipantI just saw a 2ba/1ba condo in Oceanside 92054 sell for $142k, and they’re a long ways from bottoming out there.
In late yr2000, similar units were selling in the $90,000 range. By contrast, in 2000 you could have bought a 1980s 2bd/2ba unit for between $150k – $200k in the UTC area.
I doubt pricing will bottom out near these levels in these areas but because after a certain point the rents start to justify higher prices than that. But you never know – the rents in this region have increased a lot more than incomes have, and there’s no saying that they won’t adjust too.
ParticipantInasmuch as less than 7% of the households in SD county can swing a $4,800 monthly PITI payment I’m thinking the lighter interest load on jumbos is basically meaningless to pricing. Bear in mind, the logical alternative to a $700k home is the $600k home located next door that’s in foreclosure. It’s in foreclosure because it’s borrower could never afford the 5.5% fixed rate that was in effect when he bought, much less the 6% rate you’re talking about now, two years later.
ParticipantInasmuch as less than 7% of the households in SD county can swing a $4,800 monthly PITI payment I’m thinking the lighter interest load on jumbos is basically meaningless to pricing. Bear in mind, the logical alternative to a $700k home is the $600k home located next door that’s in foreclosure. It’s in foreclosure because it’s borrower could never afford the 5.5% fixed rate that was in effect when he bought, much less the 6% rate you’re talking about now, two years later.
ParticipantInasmuch as less than 7% of the households in SD county can swing a $4,800 monthly PITI payment I’m thinking the lighter interest load on jumbos is basically meaningless to pricing. Bear in mind, the logical alternative to a $700k home is the $600k home located next door that’s in foreclosure. It’s in foreclosure because it’s borrower could never afford the 5.5% fixed rate that was in effect when he bought, much less the 6% rate you’re talking about now, two years later.
ParticipantInasmuch as less than 7% of the households in SD county can swing a $4,800 monthly PITI payment I’m thinking the lighter interest load on jumbos is basically meaningless to pricing. Bear in mind, the logical alternative to a $700k home is the $600k home located next door that’s in foreclosure. It’s in foreclosure because it’s borrower could never afford the 5.5% fixed rate that was in effect when he bought, much less the 6% rate you’re talking about now, two years later.
ParticipantInasmuch as less than 7% of the households in SD county can swing a $4,800 monthly PITI payment I’m thinking the lighter interest load on jumbos is basically meaningless to pricing. Bear in mind, the logical alternative to a $700k home is the $600k home located next door that’s in foreclosure. It’s in foreclosure because it’s borrower could never afford the 5.5% fixed rate that was in effect when he bought, much less the 6% rate you’re talking about now, two years later.
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