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Ex-SD
ParticipantAlex…………….Alex……………..Alex………………..
Yada, yada, yada…………………Yawn……………..November 18, 2007 at 5:07 PM in reply to: DON’T BE SHY! SELLER WILL ENTERTAIN OFFERS BETWEEN $319,000 AND $404,000. #100819ParticipantPizzaman: Good analysis………..BUT………………………….
There are no guarantees as to how low prices will fall. Personally, I believe that Temecula prices will fall to at least 2001 prices and it’s highly likely that they could drop to 1998 prices. There’s just too much inventory and it’s growing daily. As more ARM’s reset, there’s going to be a lot more inventory.
There will be a severe shortage of qualified buyers and this will put enormous pressure on prices to go further down. There’s also going to be a lot of people out of work due to a worsening recession and this will also drive prices down. Renting for a minimum of at least one, additional year after the median hits $260k may just save you a lot of money. Best of luck to you, whatever you choose to do.November 18, 2007 at 5:07 PM in reply to: DON’T BE SHY! SELLER WILL ENTERTAIN OFFERS BETWEEN $319,000 AND $404,000. #100903ParticipantPizzaman: Good analysis………..BUT………………………….
There are no guarantees as to how low prices will fall. Personally, I believe that Temecula prices will fall to at least 2001 prices and it’s highly likely that they could drop to 1998 prices. There’s just too much inventory and it’s growing daily. As more ARM’s reset, there’s going to be a lot more inventory.
There will be a severe shortage of qualified buyers and this will put enormous pressure on prices to go further down. There’s also going to be a lot of people out of work due to a worsening recession and this will also drive prices down. Renting for a minimum of at least one, additional year after the median hits $260k may just save you a lot of money. Best of luck to you, whatever you choose to do.November 18, 2007 at 5:07 PM in reply to: DON’T BE SHY! SELLER WILL ENTERTAIN OFFERS BETWEEN $319,000 AND $404,000. #100916ParticipantPizzaman: Good analysis………..BUT………………………….
There are no guarantees as to how low prices will fall. Personally, I believe that Temecula prices will fall to at least 2001 prices and it’s highly likely that they could drop to 1998 prices. There’s just too much inventory and it’s growing daily. As more ARM’s reset, there’s going to be a lot more inventory.
There will be a severe shortage of qualified buyers and this will put enormous pressure on prices to go further down. There’s also going to be a lot of people out of work due to a worsening recession and this will also drive prices down. Renting for a minimum of at least one, additional year after the median hits $260k may just save you a lot of money. Best of luck to you, whatever you choose to do.November 18, 2007 at 5:07 PM in reply to: DON’T BE SHY! SELLER WILL ENTERTAIN OFFERS BETWEEN $319,000 AND $404,000. #100931ParticipantPizzaman: Good analysis………..BUT………………………….
There are no guarantees as to how low prices will fall. Personally, I believe that Temecula prices will fall to at least 2001 prices and it’s highly likely that they could drop to 1998 prices. There’s just too much inventory and it’s growing daily. As more ARM’s reset, there’s going to be a lot more inventory.
There will be a severe shortage of qualified buyers and this will put enormous pressure on prices to go further down. There’s also going to be a lot of people out of work due to a worsening recession and this will also drive prices down. Renting for a minimum of at least one, additional year after the median hits $260k may just save you a lot of money. Best of luck to you, whatever you choose to do.November 18, 2007 at 5:07 PM in reply to: DON’T BE SHY! SELLER WILL ENTERTAIN OFFERS BETWEEN $319,000 AND $404,000. #100935ParticipantPizzaman: Good analysis………..BUT………………………….
There are no guarantees as to how low prices will fall. Personally, I believe that Temecula prices will fall to at least 2001 prices and it’s highly likely that they could drop to 1998 prices. There’s just too much inventory and it’s growing daily. As more ARM’s reset, there’s going to be a lot more inventory.
There will be a severe shortage of qualified buyers and this will put enormous pressure on prices to go further down. There’s also going to be a lot of people out of work due to a worsening recession and this will also drive prices down. Renting for a minimum of at least one, additional year after the median hits $260k may just save you a lot of money. Best of luck to you, whatever you choose to do.ParticipantYou’re smart to wait. Prices are likely to be far south of $150 per foot by the end of 2009 and far lower than that by the end of 2011 in Oceanside. That equates to a bunch of $$$$$$$$$ when it comes to paying a mortgage for over 15-30 years.
ParticipantYou’re smart to wait. Prices are likely to be far south of $150 per foot by the end of 2009 and far lower than that by the end of 2011 in Oceanside. That equates to a bunch of $$$$$$$$$ when it comes to paying a mortgage for over 15-30 years.
ParticipantYou’re smart to wait. Prices are likely to be far south of $150 per foot by the end of 2009 and far lower than that by the end of 2011 in Oceanside. That equates to a bunch of $$$$$$$$$ when it comes to paying a mortgage for over 15-30 years.
ParticipantYou’re smart to wait. Prices are likely to be far south of $150 per foot by the end of 2009 and far lower than that by the end of 2011 in Oceanside. That equates to a bunch of $$$$$$$$$ when it comes to paying a mortgage for over 15-30 years.
ParticipantYou’re smart to wait. Prices are likely to be far south of $150 per foot by the end of 2009 and far lower than that by the end of 2011 in Oceanside. That equates to a bunch of $$$$$$$$$ when it comes to paying a mortgage for over 15-30 years.
ParticipantIMHO: Prices in this area will drop to $100-$120 per sq. ft. and not a penny higher……………(I’m betting on $100 per ft.) I’ve read enough of your posts to know that you are a savvy guy who understands what is going on and where the market is going to go………..so, if you choose to catch a falling knife, at least you won’t be surprised if the prices fall further after you buy.
Good luck to you whatever you choose to do.ParticipantIMHO: Prices in this area will drop to $100-$120 per sq. ft. and not a penny higher……………(I’m betting on $100 per ft.) I’ve read enough of your posts to know that you are a savvy guy who understands what is going on and where the market is going to go………..so, if you choose to catch a falling knife, at least you won’t be surprised if the prices fall further after you buy.
Good luck to you whatever you choose to do.ParticipantIMHO: Prices in this area will drop to $100-$120 per sq. ft. and not a penny higher……………(I’m betting on $100 per ft.) I’ve read enough of your posts to know that you are a savvy guy who understands what is going on and where the market is going to go………..so, if you choose to catch a falling knife, at least you won’t be surprised if the prices fall further after you buy.
Good luck to you whatever you choose to do. -
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