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March 18, 2009 at 5:56 AM in reply to: I believe Home Prices (Most Places in San Diego) reached bottom or almost bottom #368831March 18, 2009 at 5:56 AM in reply to: I believe Home Prices (Most Places in San Diego) reached bottom or almost bottom #369113
carlsbadworker
Participant[quote=jpinpb]”I can tell you where all the foreclosures have gone – BULK SALES. Investors, hedge funds and management companies are buying these properties in packages from 20-100mil. These packages have anywhere from 50-200 SFR in them. Typical pricing is apx .68 to current value. No one wants to believe it here, but the bottom is closer than people realize. ”
[/quote]I hope this is not true. That is exactly the price I am looking at for a rental property down the road: 30% off the current value.
March 18, 2009 at 5:56 AM in reply to: I believe Home Prices (Most Places in San Diego) reached bottom or almost bottom #369279Participant[quote=jpinpb]”I can tell you where all the foreclosures have gone – BULK SALES. Investors, hedge funds and management companies are buying these properties in packages from 20-100mil. These packages have anywhere from 50-200 SFR in them. Typical pricing is apx .68 to current value. No one wants to believe it here, but the bottom is closer than people realize. ”
[/quote]I hope this is not true. That is exactly the price I am looking at for a rental property down the road: 30% off the current value.
March 18, 2009 at 5:56 AM in reply to: I believe Home Prices (Most Places in San Diego) reached bottom or almost bottom #369320Participant[quote=jpinpb]”I can tell you where all the foreclosures have gone – BULK SALES. Investors, hedge funds and management companies are buying these properties in packages from 20-100mil. These packages have anywhere from 50-200 SFR in them. Typical pricing is apx .68 to current value. No one wants to believe it here, but the bottom is closer than people realize. ”
[/quote]I hope this is not true. That is exactly the price I am looking at for a rental property down the road: 30% off the current value.
March 18, 2009 at 5:56 AM in reply to: I believe Home Prices (Most Places in San Diego) reached bottom or almost bottom #369435Participant[quote=jpinpb]”I can tell you where all the foreclosures have gone – BULK SALES. Investors, hedge funds and management companies are buying these properties in packages from 20-100mil. These packages have anywhere from 50-200 SFR in them. Typical pricing is apx .68 to current value. No one wants to believe it here, but the bottom is closer than people realize. ”
[/quote]I hope this is not true. That is exactly the price I am looking at for a rental property down the road: 30% off the current value.
March 18, 2009 at 5:22 AM in reply to: I believe Home Prices (Most Places in San Diego) reached bottom or almost bottom #368746Participant[quote=SD Realtor]james no houses are nowhere close to where they need to be for a fundamental bottom IMO. I agree with that entirely. [/quote]
But at this point, it becomes ridiculous to believe that it will reach the fundamental bottom. FED just printed a trillion dollar today and they have no intention to stop that any time soon. We need to throw out micro-economics right now. Housing market has become a regulated market by the government.
March 18, 2009 at 5:22 AM in reply to: I believe Home Prices (Most Places in San Diego) reached bottom or almost bottom #369031Participant[quote=SD Realtor]james no houses are nowhere close to where they need to be for a fundamental bottom IMO. I agree with that entirely. [/quote]
But at this point, it becomes ridiculous to believe that it will reach the fundamental bottom. FED just printed a trillion dollar today and they have no intention to stop that any time soon. We need to throw out micro-economics right now. Housing market has become a regulated market by the government.
March 18, 2009 at 5:22 AM in reply to: I believe Home Prices (Most Places in San Diego) reached bottom or almost bottom #369194Participant[quote=SD Realtor]james no houses are nowhere close to where they need to be for a fundamental bottom IMO. I agree with that entirely. [/quote]
But at this point, it becomes ridiculous to believe that it will reach the fundamental bottom. FED just printed a trillion dollar today and they have no intention to stop that any time soon. We need to throw out micro-economics right now. Housing market has become a regulated market by the government.
March 18, 2009 at 5:22 AM in reply to: I believe Home Prices (Most Places in San Diego) reached bottom or almost bottom #369235Participant[quote=SD Realtor]james no houses are nowhere close to where they need to be for a fundamental bottom IMO. I agree with that entirely. [/quote]
But at this point, it becomes ridiculous to believe that it will reach the fundamental bottom. FED just printed a trillion dollar today and they have no intention to stop that any time soon. We need to throw out micro-economics right now. Housing market has become a regulated market by the government.
March 18, 2009 at 5:22 AM in reply to: I believe Home Prices (Most Places in San Diego) reached bottom or almost bottom #369351Participant[quote=SD Realtor]james no houses are nowhere close to where they need to be for a fundamental bottom IMO. I agree with that entirely. [/quote]
But at this point, it becomes ridiculous to believe that it will reach the fundamental bottom. FED just printed a trillion dollar today and they have no intention to stop that any time soon. We need to throw out micro-economics right now. Housing market has become a regulated market by the government.
March 18, 2009 at 4:55 AM in reply to: I believe Home Prices (Most Places in San Diego) reached bottom or almost bottom #368681Participant[quote=jetonejet]the next huge wave of option arms reseting[/quote]
What arms resetting? You mean that those lucky homeowners are soon going to get lower payment because of the dropping of the treasury rate? FED is announcing that they are just going to print all the money to keep the treasury yield low. What a wonderful world that we have been living in…
March 18, 2009 at 4:55 AM in reply to: I believe Home Prices (Most Places in San Diego) reached bottom or almost bottom #368966Participant[quote=jetonejet]the next huge wave of option arms reseting[/quote]
What arms resetting? You mean that those lucky homeowners are soon going to get lower payment because of the dropping of the treasury rate? FED is announcing that they are just going to print all the money to keep the treasury yield low. What a wonderful world that we have been living in…
March 18, 2009 at 4:55 AM in reply to: I believe Home Prices (Most Places in San Diego) reached bottom or almost bottom #369130Participant[quote=jetonejet]the next huge wave of option arms reseting[/quote]
What arms resetting? You mean that those lucky homeowners are soon going to get lower payment because of the dropping of the treasury rate? FED is announcing that they are just going to print all the money to keep the treasury yield low. What a wonderful world that we have been living in…
March 18, 2009 at 4:55 AM in reply to: I believe Home Prices (Most Places in San Diego) reached bottom or almost bottom #369171Participant[quote=jetonejet]the next huge wave of option arms reseting[/quote]
What arms resetting? You mean that those lucky homeowners are soon going to get lower payment because of the dropping of the treasury rate? FED is announcing that they are just going to print all the money to keep the treasury yield low. What a wonderful world that we have been living in…
March 18, 2009 at 4:55 AM in reply to: I believe Home Prices (Most Places in San Diego) reached bottom or almost bottom #369286Participant[quote=jetonejet]the next huge wave of option arms reseting[/quote]
What arms resetting? You mean that those lucky homeowners are soon going to get lower payment because of the dropping of the treasury rate? FED is announcing that they are just going to print all the money to keep the treasury yield low. What a wonderful world that we have been living in…
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