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Daniel
ParticipantSDR and FLU, thanks for your thoughts.
SDR, the Candela place being a short sale certainly explains a lot of things (the repeated listings, the sitting, the foot dragging). I suspected it might be a short sale, but I wasn’t sure.
FLU, like you, I live in CV, and, also like you, I’ve become quite knowledgeable about the market, although I can hardly claim I’m an expert. I agree with your observations about both the Palacio and the Candela places, and though neither is quite what I’m looking for, they both seem to be attractive price-wise.
I’m not in the market right now (personal reasons, nothing to do with prices). I’m just educating myself and keeping an eye out so that I can make an informed decision when the time comes.
ParticipantSDR and FLU, thanks for your thoughts.
SDR, the Candela place being a short sale certainly explains a lot of things (the repeated listings, the sitting, the foot dragging). I suspected it might be a short sale, but I wasn’t sure.
FLU, like you, I live in CV, and, also like you, I’ve become quite knowledgeable about the market, although I can hardly claim I’m an expert. I agree with your observations about both the Palacio and the Candela places, and though neither is quite what I’m looking for, they both seem to be attractive price-wise.
I’m not in the market right now (personal reasons, nothing to do with prices). I’m just educating myself and keeping an eye out so that I can make an informed decision when the time comes.
ParticipantSDR and FLU, thanks for your thoughts.
SDR, the Candela place being a short sale certainly explains a lot of things (the repeated listings, the sitting, the foot dragging). I suspected it might be a short sale, but I wasn’t sure.
FLU, like you, I live in CV, and, also like you, I’ve become quite knowledgeable about the market, although I can hardly claim I’m an expert. I agree with your observations about both the Palacio and the Candela places, and though neither is quite what I’m looking for, they both seem to be attractive price-wise.
I’m not in the market right now (personal reasons, nothing to do with prices). I’m just educating myself and keeping an eye out so that I can make an informed decision when the time comes.
ParticipantSDR,
I’ve seen that one as well. Palacio isn’t my cup of tea, though.
But since you seem to be very knowledgeable about the CV submarket, could I ask you what’s the deal with 13025 Candela? It’s been on and off the market, listed at around $700K for quite some time now. I think it’s been listed at least 3 times in the past year. What’s wrong with it (apart from the weird floorplan)? At $700K, it should have moved by now. I’m very surprised it’s still sitting.
ParticipantSDR,
I’ve seen that one as well. Palacio isn’t my cup of tea, though.
But since you seem to be very knowledgeable about the CV submarket, could I ask you what’s the deal with 13025 Candela? It’s been on and off the market, listed at around $700K for quite some time now. I think it’s been listed at least 3 times in the past year. What’s wrong with it (apart from the weird floorplan)? At $700K, it should have moved by now. I’m very surprised it’s still sitting.
ParticipantSDR,
I’ve seen that one as well. Palacio isn’t my cup of tea, though.
But since you seem to be very knowledgeable about the CV submarket, could I ask you what’s the deal with 13025 Candela? It’s been on and off the market, listed at around $700K for quite some time now. I think it’s been listed at least 3 times in the past year. What’s wrong with it (apart from the weird floorplan)? At $700K, it should have moved by now. I’m very surprised it’s still sitting.
ParticipantSDR,
I’ve seen that one as well. Palacio isn’t my cup of tea, though.
But since you seem to be very knowledgeable about the CV submarket, could I ask you what’s the deal with 13025 Candela? It’s been on and off the market, listed at around $700K for quite some time now. I think it’s been listed at least 3 times in the past year. What’s wrong with it (apart from the weird floorplan)? At $700K, it should have moved by now. I’m very surprised it’s still sitting.
ParticipantSDR,
I’ve seen that one as well. Palacio isn’t my cup of tea, though.
But since you seem to be very knowledgeable about the CV submarket, could I ask you what’s the deal with 13025 Candela? It’s been on and off the market, listed at around $700K for quite some time now. I think it’s been listed at least 3 times in the past year. What’s wrong with it (apart from the weird floorplan)? At $700K, it should have moved by now. I’m very surprised it’s still sitting.
Participant“Even a broken clock is right twice a day” is really what the title of this thread is all about.
Now, don’t get me wrong: being bearish on housing and stocks in 2005-2007 was the right attitude, and most (if not all) Piggs were. But correlating the NAHB housing index (which is a range-bound index between 0 and 100) with the S&P500 (which has a positive long-term slope) is plain stupid. If one looks hard enough, one could find correlations everywhere. If I gave someone a 10-inch thick stack of DVDs with meteorological data, I’m sure one could find that the S&P500 correlates with the water temperature somewhere off the coast of Tasmania.
Participant“Even a broken clock is right twice a day” is really what the title of this thread is all about.
Now, don’t get me wrong: being bearish on housing and stocks in 2005-2007 was the right attitude, and most (if not all) Piggs were. But correlating the NAHB housing index (which is a range-bound index between 0 and 100) with the S&P500 (which has a positive long-term slope) is plain stupid. If one looks hard enough, one could find correlations everywhere. If I gave someone a 10-inch thick stack of DVDs with meteorological data, I’m sure one could find that the S&P500 correlates with the water temperature somewhere off the coast of Tasmania.
Participant“Even a broken clock is right twice a day” is really what the title of this thread is all about.
Now, don’t get me wrong: being bearish on housing and stocks in 2005-2007 was the right attitude, and most (if not all) Piggs were. But correlating the NAHB housing index (which is a range-bound index between 0 and 100) with the S&P500 (which has a positive long-term slope) is plain stupid. If one looks hard enough, one could find correlations everywhere. If I gave someone a 10-inch thick stack of DVDs with meteorological data, I’m sure one could find that the S&P500 correlates with the water temperature somewhere off the coast of Tasmania.
Participant“Even a broken clock is right twice a day” is really what the title of this thread is all about.
Now, don’t get me wrong: being bearish on housing and stocks in 2005-2007 was the right attitude, and most (if not all) Piggs were. But correlating the NAHB housing index (which is a range-bound index between 0 and 100) with the S&P500 (which has a positive long-term slope) is plain stupid. If one looks hard enough, one could find correlations everywhere. If I gave someone a 10-inch thick stack of DVDs with meteorological data, I’m sure one could find that the S&P500 correlates with the water temperature somewhere off the coast of Tasmania.
Participant“Even a broken clock is right twice a day” is really what the title of this thread is all about.
Now, don’t get me wrong: being bearish on housing and stocks in 2005-2007 was the right attitude, and most (if not all) Piggs were. But correlating the NAHB housing index (which is a range-bound index between 0 and 100) with the S&P500 (which has a positive long-term slope) is plain stupid. If one looks hard enough, one could find correlations everywhere. If I gave someone a 10-inch thick stack of DVDs with meteorological data, I’m sure one could find that the S&P500 correlates with the water temperature somewhere off the coast of Tasmania.
ParticipantI’m afraid you might be right, SDR. What we get, in a nutshell, is folks lying on their mortgage application on the way up by overstating their income (in order to get into a house), and lying on their re-fi application on the way down by understating their income (in order to get a deep principal reduction).
And oh, yeah, I almost forgot: you and I will pay the difference.
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