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June 17, 2010 at 9:00 PM in reply to: Homebuyer Tax Credit: Closing Date Extension Gets Senate OK #567381June 17, 2010 at 9:00 PM in reply to: Homebuyer Tax Credit: Closing Date Extension Gets Senate OK #567666
DWCAP
ParticipantThe problem with this is that alot of people are talking about fraud being enabled by this. Back dating contracts to April 30th to get in on the goodies.
Participant[quote=sdrealtor]Easy for you to say from JOhnALt land where ever that is. In my community of about 1000 homes there are 9 on the market, none over 60 days market time. There are 5 in escrow only one short sale with long market time and rest under 2 months. There have been 10 closed sales in the last 60 days all with market times below 60 days. Only one closed sale was a short sale. Prices are flat on high end homes in the community and up 5 to 10% in the lower end of the community.
I dont know about you but that looks like a community that is holding up pretty well. Most of what I see around me looks the same also. The higher end above $1M is struggling but under that it seems pretty stable.[/quote]
Dude, atleast address the comment he actually made. I dont really wanna get into it with you, cause you know your sXIt, but you added a whole bunch of extra contingencies that John never did.
What he said:
“Then why have inventories in Encinitas gone up about 40% since December? Even more so in South and West Carlsbad.”From SDlookup (best source I have):
South Carlsbad:
1/1/10-219
6/17/10-357
% Change: 63%West Carlsbad:
1/1/10-81
6/17/10-173
% Change:113%Encinitas:
1/1/10-211
6/17/10-304
% Change:44%Sure seems like his comments are correct to me. Now, not all of them are 4/3’s in nice areas that the upper crust you seem to most affiliate with want, but then again not everyone buying in NCC fits that criteria either. General inventory in those areas seems to be up by a large amount this calander year, is 50% plus inventory spikes normal?
Your comments address sales, while his adressed inventory. I dont see anything wrong with using either, but youll just keep talking past each other on this route.
GDP vs GPI anyone?
Participant[quote=sdrealtor]Easy for you to say from JOhnALt land where ever that is. In my community of about 1000 homes there are 9 on the market, none over 60 days market time. There are 5 in escrow only one short sale with long market time and rest under 2 months. There have been 10 closed sales in the last 60 days all with market times below 60 days. Only one closed sale was a short sale. Prices are flat on high end homes in the community and up 5 to 10% in the lower end of the community.
I dont know about you but that looks like a community that is holding up pretty well. Most of what I see around me looks the same also. The higher end above $1M is struggling but under that it seems pretty stable.[/quote]
Dude, atleast address the comment he actually made. I dont really wanna get into it with you, cause you know your sXIt, but you added a whole bunch of extra contingencies that John never did.
What he said:
“Then why have inventories in Encinitas gone up about 40% since December? Even more so in South and West Carlsbad.”From SDlookup (best source I have):
South Carlsbad:
1/1/10-219
6/17/10-357
% Change: 63%West Carlsbad:
1/1/10-81
6/17/10-173
% Change:113%Encinitas:
1/1/10-211
6/17/10-304
% Change:44%Sure seems like his comments are correct to me. Now, not all of them are 4/3’s in nice areas that the upper crust you seem to most affiliate with want, but then again not everyone buying in NCC fits that criteria either. General inventory in those areas seems to be up by a large amount this calander year, is 50% plus inventory spikes normal?
Your comments address sales, while his adressed inventory. I dont see anything wrong with using either, but youll just keep talking past each other on this route.
GDP vs GPI anyone?
Participant[quote=sdrealtor]Easy for you to say from JOhnALt land where ever that is. In my community of about 1000 homes there are 9 on the market, none over 60 days market time. There are 5 in escrow only one short sale with long market time and rest under 2 months. There have been 10 closed sales in the last 60 days all with market times below 60 days. Only one closed sale was a short sale. Prices are flat on high end homes in the community and up 5 to 10% in the lower end of the community.
I dont know about you but that looks like a community that is holding up pretty well. Most of what I see around me looks the same also. The higher end above $1M is struggling but under that it seems pretty stable.[/quote]
Dude, atleast address the comment he actually made. I dont really wanna get into it with you, cause you know your sXIt, but you added a whole bunch of extra contingencies that John never did.
What he said:
“Then why have inventories in Encinitas gone up about 40% since December? Even more so in South and West Carlsbad.”From SDlookup (best source I have):
South Carlsbad:
1/1/10-219
6/17/10-357
% Change: 63%West Carlsbad:
1/1/10-81
6/17/10-173
% Change:113%Encinitas:
1/1/10-211
6/17/10-304
% Change:44%Sure seems like his comments are correct to me. Now, not all of them are 4/3’s in nice areas that the upper crust you seem to most affiliate with want, but then again not everyone buying in NCC fits that criteria either. General inventory in those areas seems to be up by a large amount this calander year, is 50% plus inventory spikes normal?
Your comments address sales, while his adressed inventory. I dont see anything wrong with using either, but youll just keep talking past each other on this route.
GDP vs GPI anyone?
Participant[quote=sdrealtor]Easy for you to say from JOhnALt land where ever that is. In my community of about 1000 homes there are 9 on the market, none over 60 days market time. There are 5 in escrow only one short sale with long market time and rest under 2 months. There have been 10 closed sales in the last 60 days all with market times below 60 days. Only one closed sale was a short sale. Prices are flat on high end homes in the community and up 5 to 10% in the lower end of the community.
I dont know about you but that looks like a community that is holding up pretty well. Most of what I see around me looks the same also. The higher end above $1M is struggling but under that it seems pretty stable.[/quote]
Dude, atleast address the comment he actually made. I dont really wanna get into it with you, cause you know your sXIt, but you added a whole bunch of extra contingencies that John never did.
What he said:
“Then why have inventories in Encinitas gone up about 40% since December? Even more so in South and West Carlsbad.”From SDlookup (best source I have):
South Carlsbad:
1/1/10-219
6/17/10-357
% Change: 63%West Carlsbad:
1/1/10-81
6/17/10-173
% Change:113%Encinitas:
1/1/10-211
6/17/10-304
% Change:44%Sure seems like his comments are correct to me. Now, not all of them are 4/3’s in nice areas that the upper crust you seem to most affiliate with want, but then again not everyone buying in NCC fits that criteria either. General inventory in those areas seems to be up by a large amount this calander year, is 50% plus inventory spikes normal?
Your comments address sales, while his adressed inventory. I dont see anything wrong with using either, but youll just keep talking past each other on this route.
GDP vs GPI anyone?
Participant[quote=sdrealtor]Easy for you to say from JOhnALt land where ever that is. In my community of about 1000 homes there are 9 on the market, none over 60 days market time. There are 5 in escrow only one short sale with long market time and rest under 2 months. There have been 10 closed sales in the last 60 days all with market times below 60 days. Only one closed sale was a short sale. Prices are flat on high end homes in the community and up 5 to 10% in the lower end of the community.
I dont know about you but that looks like a community that is holding up pretty well. Most of what I see around me looks the same also. The higher end above $1M is struggling but under that it seems pretty stable.[/quote]
Dude, atleast address the comment he actually made. I dont really wanna get into it with you, cause you know your sXIt, but you added a whole bunch of extra contingencies that John never did.
What he said:
“Then why have inventories in Encinitas gone up about 40% since December? Even more so in South and West Carlsbad.”From SDlookup (best source I have):
South Carlsbad:
1/1/10-219
6/17/10-357
% Change: 63%West Carlsbad:
1/1/10-81
6/17/10-173
% Change:113%Encinitas:
1/1/10-211
6/17/10-304
% Change:44%Sure seems like his comments are correct to me. Now, not all of them are 4/3’s in nice areas that the upper crust you seem to most affiliate with want, but then again not everyone buying in NCC fits that criteria either. General inventory in those areas seems to be up by a large amount this calander year, is 50% plus inventory spikes normal?
Your comments address sales, while his adressed inventory. I dont see anything wrong with using either, but youll just keep talking past each other on this route.
GDP vs GPI anyone?
Participant[quote=Russell]If her house is built on a slope she may have a walk-out crawl space. At times, some people in california use the not technically correct term basement for crawl space. Not sure if “walk-out crawl space” is correct terminology either but it does have that difference from most crawl spaces here.That’s what I used and have heard and seen used. Sometimes people even finish the taller parts of the crawl space, maybe even build interior access to it. They might call this finished space the “basement”.[/quote]
I have seen this kind of ‘basement’ in SoCal. Not the more midwestern kind though. Too bad in my opinion, It would be great to have a gameroom or storage or something that isnt the garage.
Participant[quote=Russell]If her house is built on a slope she may have a walk-out crawl space. At times, some people in california use the not technically correct term basement for crawl space. Not sure if “walk-out crawl space” is correct terminology either but it does have that difference from most crawl spaces here.That’s what I used and have heard and seen used. Sometimes people even finish the taller parts of the crawl space, maybe even build interior access to it. They might call this finished space the “basement”.[/quote]
I have seen this kind of ‘basement’ in SoCal. Not the more midwestern kind though. Too bad in my opinion, It would be great to have a gameroom or storage or something that isnt the garage.
Participant[quote=Russell]If her house is built on a slope she may have a walk-out crawl space. At times, some people in california use the not technically correct term basement for crawl space. Not sure if “walk-out crawl space” is correct terminology either but it does have that difference from most crawl spaces here.That’s what I used and have heard and seen used. Sometimes people even finish the taller parts of the crawl space, maybe even build interior access to it. They might call this finished space the “basement”.[/quote]
I have seen this kind of ‘basement’ in SoCal. Not the more midwestern kind though. Too bad in my opinion, It would be great to have a gameroom or storage or something that isnt the garage.
Participant[quote=Russell]If her house is built on a slope she may have a walk-out crawl space. At times, some people in california use the not technically correct term basement for crawl space. Not sure if “walk-out crawl space” is correct terminology either but it does have that difference from most crawl spaces here.That’s what I used and have heard and seen used. Sometimes people even finish the taller parts of the crawl space, maybe even build interior access to it. They might call this finished space the “basement”.[/quote]
I have seen this kind of ‘basement’ in SoCal. Not the more midwestern kind though. Too bad in my opinion, It would be great to have a gameroom or storage or something that isnt the garage.
Participant[quote=Russell]If her house is built on a slope she may have a walk-out crawl space. At times, some people in california use the not technically correct term basement for crawl space. Not sure if “walk-out crawl space” is correct terminology either but it does have that difference from most crawl spaces here.That’s what I used and have heard and seen used. Sometimes people even finish the taller parts of the crawl space, maybe even build interior access to it. They might call this finished space the “basement”.[/quote]
I have seen this kind of ‘basement’ in SoCal. Not the more midwestern kind though. Too bad in my opinion, It would be great to have a gameroom or storage or something that isnt the garage.
Participant[quote=HLS]We aren’t dealing with too many people who think.
FHA is the new subprime. Without it, the houisng market would collapse.We are dealing with a society that has an entitlement attitude and thinks that their civil rights are violated if they can’t get a mortgage.
Greed and foolishness is rampant. People think they are looked down upon if they are a renter.The wise ones have been renters the last 5-6 years and have no money in the stock market. How UNAmerican is that ?
The recent move to “address risk” at FHA was if a credit score is below 580, you need 10% down. Above 580 3.50% down is still possible, and the seller can only contribute 3% of the sales price instead of 6%.
This is a very, very, sick situation.FHA is a crock, and should be killed. But then again, F/F are failed institutions in the most obvious way possible, and yet they are bigger than ever. Economics isnt the name of the game, politics is. Until the taxpayer bills come due no one will have the balls to do the right thing.
And people are looked down upon as a renter. They dont think they are. Now, they are obviously doing the right thing, and have been born out by 2008-now, but the mentality hasnt changed. I still hear friends say dumb things like ‘throwing away money on rent’ all the time.
Participant[quote=HLS]We aren’t dealing with too many people who think.
FHA is the new subprime. Without it, the houisng market would collapse.We are dealing with a society that has an entitlement attitude and thinks that their civil rights are violated if they can’t get a mortgage.
Greed and foolishness is rampant. People think they are looked down upon if they are a renter.The wise ones have been renters the last 5-6 years and have no money in the stock market. How UNAmerican is that ?
The recent move to “address risk” at FHA was if a credit score is below 580, you need 10% down. Above 580 3.50% down is still possible, and the seller can only contribute 3% of the sales price instead of 6%.
This is a very, very, sick situation.FHA is a crock, and should be killed. But then again, F/F are failed institutions in the most obvious way possible, and yet they are bigger than ever. Economics isnt the name of the game, politics is. Until the taxpayer bills come due no one will have the balls to do the right thing.
And people are looked down upon as a renter. They dont think they are. Now, they are obviously doing the right thing, and have been born out by 2008-now, but the mentality hasnt changed. I still hear friends say dumb things like ‘throwing away money on rent’ all the time.
Participant[quote=HLS]We aren’t dealing with too many people who think.
FHA is the new subprime. Without it, the houisng market would collapse.We are dealing with a society that has an entitlement attitude and thinks that their civil rights are violated if they can’t get a mortgage.
Greed and foolishness is rampant. People think they are looked down upon if they are a renter.The wise ones have been renters the last 5-6 years and have no money in the stock market. How UNAmerican is that ?
The recent move to “address risk” at FHA was if a credit score is below 580, you need 10% down. Above 580 3.50% down is still possible, and the seller can only contribute 3% of the sales price instead of 6%.
This is a very, very, sick situation.FHA is a crock, and should be killed. But then again, F/F are failed institutions in the most obvious way possible, and yet they are bigger than ever. Economics isnt the name of the game, politics is. Until the taxpayer bills come due no one will have the balls to do the right thing.
And people are looked down upon as a renter. They dont think they are. Now, they are obviously doing the right thing, and have been born out by 2008-now, but the mentality hasnt changed. I still hear friends say dumb things like ‘throwing away money on rent’ all the time.
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