[carlsbadworker]

[quote=peterb]Yes, I think this herd has been starting to buy in the last year or so. Starting with TG. Then others have begun to be infected as well. I’ve been checking this site for about 2 years and it has become much more pro-purchase than when I first came here. I’d say it’s up to maybe 30% in favor of buying now.[/quote]

hmmm, why buying is an infection? I would think 100% of the people who come here wants to buy. It is just a matter of price. If you are against purchasing a home under any circumstance, you wouldn’t be visiting this site at all, would you?

[carlsbadworker]

[quote=peterb]Yes, I think this herd has been starting to buy in the last year or so. Starting with TG. Then others have begun to be infected as well. I’ve been checking this site for about 2 years and it has become much more pro-purchase than when I first came here. I’d say it’s up to maybe 30% in favor of buying now.[/quote]

hmmm, why buying is an infection? I would think 100% of the people who come here wants to buy. It is just a matter of price. If you are against purchasing a home under any circumstance, you wouldn’t be visiting this site at all, would you?

[carlsbadworker]

[quote=peterb]Yes, I think this herd has been starting to buy in the last year or so. Starting with TG. Then others have begun to be infected as well. I’ve been checking this site for about 2 years and it has become much more pro-purchase than when I first came here. I’d say it’s up to maybe 30% in favor of buying now.[/quote]

hmmm, why buying is an infection? I would think 100% of the people who come here wants to buy. It is just a matter of price. If you are against purchasing a home under any circumstance, you wouldn’t be visiting this site at all, would you?

[carlsbadworker]

[quote=peterb]Yes, I think this herd has been starting to buy in the last year or so. Starting with TG. Then others have begun to be infected as well. I’ve been checking this site for about 2 years and it has become much more pro-purchase than when I first came here. I’d say it’s up to maybe 30% in favor of buying now.[/quote]

hmmm, why buying is an infection? I would think 100% of the people who come here wants to buy. It is just a matter of price. If you are against purchasing a home under any circumstance, you wouldn’t be visiting this site at all, would you?

[carlsbadworker]

[quote=peterb]Yes, I think this herd has been starting to buy in the last year or so. Starting with TG. Then others have begun to be infected as well. I’ve been checking this site for about 2 years and it has become much more pro-purchase than when I first came here. I’d say it’s up to maybe 30% in favor of buying now.[/quote]

hmmm, why buying is an infection? I would think 100% of the people who come here wants to buy. It is just a matter of price. If you are against purchasing a home under any circumstance, you wouldn’t be visiting this site at all, would you?

[carlsbadworker]

[quote=peterb]Theories should have some analytical basis as support. Consider the logic, place your bets. History may not exactly repeat itself, but it sure does tend to rhyme.
Here’s a couple that I find compelling:

http://www.doctorhousingbubble.com/

http://www.frbsf.org/publications/economics/letter/2009/el2009-16.pdf%5B/quote%5D

I’m missing your point. Some of the links explicitly says that in the low-cost area the pain training has passed through already because it was largely subprime. If you are talking about coastal area, I think we all agree there’re a lot rooms for price to drop.

[carlsbadworker]

[quote=peterb]Theories should have some analytical basis as support. Consider the logic, place your bets. History may not exactly repeat itself, but it sure does tend to rhyme.
Here’s a couple that I find compelling:

http://www.doctorhousingbubble.com/

http://www.frbsf.org/publications/economics/letter/2009/el2009-16.pdf%5B/quote%5D

I’m missing your point. Some of the links explicitly says that in the low-cost area the pain training has passed through already because it was largely subprime. If you are talking about coastal area, I think we all agree there’re a lot rooms for price to drop.

[carlsbadworker]

[quote=peterb]Theories should have some analytical basis as support. Consider the logic, place your bets. History may not exactly repeat itself, but it sure does tend to rhyme.
Here’s a couple that I find compelling:

http://www.doctorhousingbubble.com/

http://www.frbsf.org/publications/economics/letter/2009/el2009-16.pdf%5B/quote%5D

I’m missing your point. Some of the links explicitly says that in the low-cost area the pain training has passed through already because it was largely subprime. If you are talking about coastal area, I think we all agree there’re a lot rooms for price to drop.

[carlsbadworker]

[quote=peterb]Theories should have some analytical basis as support. Consider the logic, place your bets. History may not exactly repeat itself, but it sure does tend to rhyme.
Here’s a couple that I find compelling:

http://www.doctorhousingbubble.com/

http://www.frbsf.org/publications/economics/letter/2009/el2009-16.pdf%5B/quote%5D

I’m missing your point. Some of the links explicitly says that in the low-cost area the pain training has passed through already because it was largely subprime. If you are talking about coastal area, I think we all agree there’re a lot rooms for price to drop.

[carlsbadworker]

[quote=peterb]Theories should have some analytical basis as support. Consider the logic, place your bets. History may not exactly repeat itself, but it sure does tend to rhyme.
Here’s a couple that I find compelling:

http://www.doctorhousingbubble.com/

http://www.frbsf.org/publications/economics/letter/2009/el2009-16.pdf%5B/quote%5D

I’m missing your point. Some of the links explicitly says that in the low-cost area the pain training has passed through already because it was largely subprime. If you are talking about coastal area, I think we all agree there’re a lot rooms for price to drop.

[carlsbadworker]

[quote=FormerSanDiegan]
I have a simple theory. Homes are much more affordable than they have been in a long time.
[/quote]

Good. DQNews just released some data that supports your theory. Investor activity is up but only by small percentage: “Absentee buyers, including investors who will have their property tax bills sent to a different address, bought 18.6 percent of the Southland homes sold last month. That’s up from 17 percent a year ago and compares with a 15 percent monthly average since 2000.” On the other hand, “In the more affordable inland areas, first-time buyers have relied heavily on government-insured FHA financing. Such loans were used to finance a near-record 39.1 percent of all Southland home purchases last month, up from 18.4 percent a year ago. In the Inland Empire, more than half of all April home purchases were financed with FHA loans.”

[carlsbadworker]

[quote=FormerSanDiegan]
I have a simple theory. Homes are much more affordable than they have been in a long time.
[/quote]

Good. DQNews just released some data that supports your theory. Investor activity is up but only by small percentage: “Absentee buyers, including investors who will have their property tax bills sent to a different address, bought 18.6 percent of the Southland homes sold last month. That’s up from 17 percent a year ago and compares with a 15 percent monthly average since 2000.” On the other hand, “In the more affordable inland areas, first-time buyers have relied heavily on government-insured FHA financing. Such loans were used to finance a near-record 39.1 percent of all Southland home purchases last month, up from 18.4 percent a year ago. In the Inland Empire, more than half of all April home purchases were financed with FHA loans.”

[carlsbadworker]

[quote=FormerSanDiegan]
I have a simple theory. Homes are much more affordable than they have been in a long time.
[/quote]

Good. DQNews just released some data that supports your theory. Investor activity is up but only by small percentage: “Absentee buyers, including investors who will have their property tax bills sent to a different address, bought 18.6 percent of the Southland homes sold last month. That’s up from 17 percent a year ago and compares with a 15 percent monthly average since 2000.” On the other hand, “In the more affordable inland areas, first-time buyers have relied heavily on government-insured FHA financing. Such loans were used to finance a near-record 39.1 percent of all Southland home purchases last month, up from 18.4 percent a year ago. In the Inland Empire, more than half of all April home purchases were financed with FHA loans.”

[carlsbadworker]

[quote=FormerSanDiegan]
I have a simple theory. Homes are much more affordable than they have been in a long time.
[/quote]

Good. DQNews just released some data that supports your theory. Investor activity is up but only by small percentage: “Absentee buyers, including investors who will have their property tax bills sent to a different address, bought 18.6 percent of the Southland homes sold last month. That’s up from 17 percent a year ago and compares with a 15 percent monthly average since 2000.” On the other hand, “In the more affordable inland areas, first-time buyers have relied heavily on government-insured FHA financing. Such loans were used to finance a near-record 39.1 percent of all Southland home purchases last month, up from 18.4 percent a year ago. In the Inland Empire, more than half of all April home purchases were financed with FHA loans.”

[carlsbadworker]

[quote=FormerSanDiegan]
I have a simple theory. Homes are much more affordable than they have been in a long time.
[/quote]

Good. DQNews just released some data that supports your theory. Investor activity is up but only by small percentage: “Absentee buyers, including investors who will have their property tax bills sent to a different address, bought 18.6 percent of the Southland homes sold last month. That’s up from 17 percent a year ago and compares with a 15 percent monthly average since 2000.” On the other hand, “In the more affordable inland areas, first-time buyers have relied heavily on government-insured FHA financing. Such loans were used to finance a near-record 39.1 percent of all Southland home purchases last month, up from 18.4 percent a year ago. In the Inland Empire, more than half of all April home purchases were financed with FHA loans.”

[Author]

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