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Duck
ParticipantThat’s a short sale. 100% financing on a $715K purchase was the bad purchase. Looks like low to mid 600’s is the going price for that kind of property in that area. Those folks overpaid for it to be sure.
The property isn’t pending because the bank hasn’t yet approved the accepted offer.
ParticipantThat’s a short sale. 100% financing on a $715K purchase was the bad purchase. Looks like low to mid 600’s is the going price for that kind of property in that area. Those folks overpaid for it to be sure.
The property isn’t pending because the bank hasn’t yet approved the accepted offer.
ParticipantEasy to become a broker. Everyone should do it. Takes about 20 hours and you can save $100k when u sell a decent place.
No brainer.
ParticipantEasy to become a broker. Everyone should do it. Takes about 20 hours and you can save $100k when u sell a decent place.
No brainer.
ParticipantThe OFHEO numbers just came out and they have San Diego down about 2%. Sacramento was down about 4%.
ParticipantThe OFHEO numbers just came out and they have San Diego down about 2%. Sacramento was down about 4%.
ParticipantI think it’s because people bought lower priced homes than in the prior year. Just a guess.
ParticipantI think it’s because people bought lower priced homes than in the prior year. Just a guess.
ParticipantIf it’s down 6% that makes it overpriced now? Or did that make it overpriced last year?
Some areas of San Diego county (subprime areas and areas with too much new construction) are taking a much harder hit than 6%. Some areas are seeing sales activity and prices on the rise compared to 2006. Wide sweeping statements like calling a bottom in late Summer 2008 (not sure exactly where that will be the bottom, but I suppose you have it nailed to a particular 2 block area) is just stupid. RE cycles take years to work themselves out.
ParticipantIf it’s down 6% that makes it overpriced now? Or did that make it overpriced last year?
Some areas of San Diego county (subprime areas and areas with too much new construction) are taking a much harder hit than 6%. Some areas are seeing sales activity and prices on the rise compared to 2006. Wide sweeping statements like calling a bottom in late Summer 2008 (not sure exactly where that will be the bottom, but I suppose you have it nailed to a particular 2 block area) is just stupid. RE cycles take years to work themselves out.
ParticipantAs you point out there is a huge surplus of money out there looking for a home (it’s mostly foreign where interest rates stink) and US corporate debt is so cheap now that private deals and buybacks make sense. Maybe it’s a new bubble but I’m on board. I love bubbles.
One last thing. Talk to anyone who does business in India or China. Compare to 15-20 years ago. It’s like night and day.
Discuss.
ParticipantAs you point out there is a huge surplus of money out there looking for a home (it’s mostly foreign where interest rates stink) and US corporate debt is so cheap now that private deals and buybacks make sense. Maybe it’s a new bubble but I’m on board. I love bubbles.
One last thing. Talk to anyone who does business in India or China. Compare to 15-20 years ago. It’s like night and day.
Discuss.
ParticipantYou can’t rely on monthly medians to form a trend. Oh nevermind (saracasm noted)
ParticipantYou can’t rely on monthly medians to form a trend. Oh nevermind (saracasm noted)
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