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Duck
ParticipantWhy is that scary? You want prices to go down 50% don’t you? I’m looking for big reductions so I can get a place at the beach for $500k but somehow homeowners are not cooperating yet.
I’ve got the $500k just waiting at 5% in my Vanguard MMF, but I feel like a fool doing it.
ParticipantIf he’s going to be here for 5-10 years have him look in La Costa Valley, but not the older stuff from KB or Shea. Tons of problems there (lawsuits) and you’re right by the school with the 900 SUV’s every morning and PM not too mention soccer, softball, etc on the nights and weekends.
ParticipantIf he’s going to be here for 5-10 years have him look in La Costa Valley, but not the older stuff from KB or Shea. Tons of problems there (lawsuits) and you’re right by the school with the 900 SUV’s every morning and PM not too mention soccer, softball, etc on the nights and weekends.
Participant1% is surely the future. The problem is that NAR has seemingly made it so hard to do a transaction while 95% of the forms are not required by law.
With the internet anyone with an IQ above 20 can make a good purchase. The bigger problem is listings where the Realtor mafia won’t show FSBO’s including those that will pay a CBB. It will change in the next 10 years.
You don’t think a Google/Zillow partnership has their sites in it? As a NAR member I am ashamed.
Participant1% is surely the future. The problem is that NAR has seemingly made it so hard to do a transaction while 95% of the forms are not required by law.
With the internet anyone with an IQ above 20 can make a good purchase. The bigger problem is listings where the Realtor mafia won’t show FSBO’s including those that will pay a CBB. It will change in the next 10 years.
You don’t think a Google/Zillow partnership has their sites in it? As a NAR member I am ashamed.
ParticipantThe Verona sales in the MLS all have significant down payments so I don’t suspect mortgage fraud. The lag in moving in could be for a number of reasons including further improvements the homeowners are making or waiting until their previous home sold, etc.
ParticipantThe Verona sales in the MLS all have significant down payments so I don’t suspect mortgage fraud. The lag in moving in could be for a number of reasons including further improvements the homeowners are making or waiting until their previous home sold, etc.
ParticipantThat Wild Canary Lane home looks like it had to be mortgage fraud. That home was not worth anywhere close to $1.65 million and it “sold” in just 5 days despite looking straight out of “that 70’s show”.
$100% financing and taken back by the bank in less than a year. I’m sure the buyer probably got a hundred thousand or so back at closing and skipped town.
ParticipantThat Wild Canary Lane home looks like it had to be mortgage fraud. That home was not worth anywhere close to $1.65 million and it “sold” in just 5 days despite looking straight out of “that 70’s show”.
$100% financing and taken back by the bank in less than a year. I’m sure the buyer probably got a hundred thousand or so back at closing and skipped town.
ParticipantJust look it up on the tax rolls.
ParticipantJust look it up on the tax rolls.
ParticipantSan Marcos and Carlsbad had population growth of more than 5,000 for the same period. The housing mix (more homes for families in North County vs. more condos for singles and retirees in San Diego) must influence those numbers.
ParticipantSan Marcos and Carlsbad had population growth of more than 5,000 for the same period. The housing mix (more homes for families in North County vs. more condos for singles and retirees in San Diego) must influence those numbers.
ParticipantThose last numbers (down about 7% YOY) seems about right.
If you look at the historical prices for San Diego (using the Case/Schiller index), you can make a case that the bottom will be in 2009 or perhaps not until 2012 using a “normal appreciation” of 6% from when the market was fairly valued. The problem is determining at what point the index was fairly priced. Was it 1995? 1998? 2002? I know the market doesn’t go up or down gradually, but if we get 2 more years of 7% declines, the market would be what I consider fairly valued for a 10 year period.
BTW, I thought San Diego was cheap in 2000 and overpriced by 2004 without benefit of any statistics.
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