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cv2
ParticipantHi JWM,
What’s practical/measurable gauge for calling the bottom?
ParticipantThis is not bottom yet
Look, during the housing boom, the desirable areas rose first. When that price is too high or unaffordable, flippers went to to less desirable areas. Now, the reverse is true. The less desirable area has drop about 30% in San Diego but the desirable area has not take much hit.
My guess is that we will see more drop in undesirable area until it hits the point that it is worthy while for the investors to buy as rentals. At that point, it is time to get back to market to buy at desirable area.
ParticipantThis is not bottom yet
Look, during the housing boom, the desirable areas rose first. When that price is too high or unaffordable, flippers went to to less desirable areas. Now, the reverse is true. The less desirable area has drop about 30% in San Diego but the desirable area has not take much hit.
My guess is that we will see more drop in undesirable area until it hits the point that it is worthy while for the investors to buy as rentals. At that point, it is time to get back to market to buy at desirable area.
ParticipantThis is not bottom yet
Look, during the housing boom, the desirable areas rose first. When that price is too high or unaffordable, flippers went to to less desirable areas. Now, the reverse is true. The less desirable area has drop about 30% in San Diego but the desirable area has not take much hit.
My guess is that we will see more drop in undesirable area until it hits the point that it is worthy while for the investors to buy as rentals. At that point, it is time to get back to market to buy at desirable area.
ParticipantThis is not bottom yet
Look, during the housing boom, the desirable areas rose first. When that price is too high or unaffordable, flippers went to to less desirable areas. Now, the reverse is true. The less desirable area has drop about 30% in San Diego but the desirable area has not take much hit.
My guess is that we will see more drop in undesirable area until it hits the point that it is worthy while for the investors to buy as rentals. At that point, it is time to get back to market to buy at desirable area.
ParticipantThis is not bottom yet
Look, during the housing boom, the desirable areas rose first. When that price is too high or unaffordable, flippers went to to less desirable areas. Now, the reverse is true. The less desirable area has drop about 30% in San Diego but the desirable area has not take much hit.
My guess is that we will see more drop in undesirable area until it hits the point that it is worthy while for the investors to buy as rentals. At that point, it is time to get back to market to buy at desirable area.
ParticipantCan county initiate foreclosure on these houses? I know they can put lien on them but not sure if gov can force the sale of the house to pay the lien.
In another situation, if the owner put the house on sale. Then during closing the buyer will find out about the unpaid tax. Would the tax be counted against the selling price?
ParticipantCan county initiate foreclosure on these houses? I know they can put lien on them but not sure if gov can force the sale of the house to pay the lien.
In another situation, if the owner put the house on sale. Then during closing the buyer will find out about the unpaid tax. Would the tax be counted against the selling price?
ParticipantCan county initiate foreclosure on these houses? I know they can put lien on them but not sure if gov can force the sale of the house to pay the lien.
In another situation, if the owner put the house on sale. Then during closing the buyer will find out about the unpaid tax. Would the tax be counted against the selling price?
ParticipantCan county initiate foreclosure on these houses? I know they can put lien on them but not sure if gov can force the sale of the house to pay the lien.
In another situation, if the owner put the house on sale. Then during closing the buyer will find out about the unpaid tax. Would the tax be counted against the selling price?
ParticipantCan county initiate foreclosure on these houses? I know they can put lien on them but not sure if gov can force the sale of the house to pay the lien.
In another situation, if the owner put the house on sale. Then during closing the buyer will find out about the unpaid tax. Would the tax be counted against the selling price?
May 22, 2008 at 9:57 AM in reply to: US Congresswoman walks away from Zero down underwater mortgage #209680ParticipantYes she can get a loan modification.
Does anyone know how http://youwalkaway.com/ is doing these days?
May 22, 2008 at 9:57 AM in reply to: US Congresswoman walks away from Zero down underwater mortgage #209742ParticipantYes she can get a loan modification.
Does anyone know how http://youwalkaway.com/ is doing these days?
May 22, 2008 at 9:57 AM in reply to: US Congresswoman walks away from Zero down underwater mortgage #209773ParticipantYes she can get a loan modification.
Does anyone know how http://youwalkaway.com/ is doing these days?
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