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Ex-SD
Participantraptorduck: I think you’re asking for this:
On SD Lookup, when you get to a property that you’re interested in…………. look at the top-left side of the page where it says: “View Sales History, Tax Assessment and Zoning”
Click on that and you’ll see the past sales history.Was that what you were asking?
October 17, 2007 at 5:59 AM in reply to: “It’s going to be a long time before we see it bottom out and recover” #89543ParticipantThey may be correct on their timing for hitting bottom for the nation as a whole but they are way off base where the bubble markets are concerned. With the large supply of REO’s that will need to be re-sold and with many more coming………..then add the huge number of foreclosures that will occur with the ARM resets over the next couple of years………..then add in the homeowners who will have to sell due to divorce, job loss, job transfer, etc, and you have so many homes and too few qualified buyers, even at 50% discounts from the peak. There’s a whole new set of qualifying rules for mortgage seekers and they’re not going to give any more $700k loans to berry pickers who make $10 an hour. (no offense intended to the berry pickers-just a reference to a story that I read in a NorCal paper).
So, it’s going to take a long time to get the supply of homes down to a normal level of supply for each market. The end of 2011 to the middle of 2012 will be the earliest time that CA and most of the other bubble markets will hit the bottom and when the bottom hits, prices will remain on the bottom for a long time. I just can’t see anything short of that occurring.October 17, 2007 at 5:59 AM in reply to: “It’s going to be a long time before we see it bottom out and recover” #89551ParticipantThey may be correct on their timing for hitting bottom for the nation as a whole but they are way off base where the bubble markets are concerned. With the large supply of REO’s that will need to be re-sold and with many more coming………..then add the huge number of foreclosures that will occur with the ARM resets over the next couple of years………..then add in the homeowners who will have to sell due to divorce, job loss, job transfer, etc, and you have so many homes and too few qualified buyers, even at 50% discounts from the peak. There’s a whole new set of qualifying rules for mortgage seekers and they’re not going to give any more $700k loans to berry pickers who make $10 an hour. (no offense intended to the berry pickers-just a reference to a story that I read in a NorCal paper).
So, it’s going to take a long time to get the supply of homes down to a normal level of supply for each market. The end of 2011 to the middle of 2012 will be the earliest time that CA and most of the other bubble markets will hit the bottom and when the bottom hits, prices will remain on the bottom for a long time. I just can’t see anything short of that occurring.October 16, 2007 at 4:09 PM in reply to: Feng Shui, is it important for you when buying a house? #89490ParticipantIt’s also important to remember…………
*You don’t tug on Superman’s cape
*You don’t spit into the wind
*You don’t pull the mask off the old Lone Ranger
*And you don’t mess around with Jim………………da do da do…October 16, 2007 at 4:09 PM in reply to: Feng Shui, is it important for you when buying a house? #89499ParticipantIt’s also important to remember…………
*You don’t tug on Superman’s cape
*You don’t spit into the wind
*You don’t pull the mask off the old Lone Ranger
*And you don’t mess around with Jim………………da do da do…ParticipantThe general public, at large, are like dinosaurs. When you kick them in the butt, they will turn their head and say, “what happened”(?) a year later. It’s just now starting to sink in the brains of many people that if they wait, they will get a much lower price for a home in CA. All of the news media has finally homed in on this story and people are turning their heads and saying, “so that’s what’s happening” in the real estate market. There will always be “knife catchers” who are impulsive buyers and will continue to buy over the next few years but the number of people who can qualify for a loan in CA has shrunk dramatically and out of that pool, more are getting educated and starting to realize that they no longer have to pay too much or compete with other people to buy a home. For me, this whole thing is fascinating to watch.
ParticipantThe general public, at large, are like dinosaurs. When you kick them in the butt, they will turn their head and say, “what happened”(?) a year later. It’s just now starting to sink in the brains of many people that if they wait, they will get a much lower price for a home in CA. All of the news media has finally homed in on this story and people are turning their heads and saying, “so that’s what’s happening” in the real estate market. There will always be “knife catchers” who are impulsive buyers and will continue to buy over the next few years but the number of people who can qualify for a loan in CA has shrunk dramatically and out of that pool, more are getting educated and starting to realize that they no longer have to pay too much or compete with other people to buy a home. For me, this whole thing is fascinating to watch.
Participantraptorduck: You come across as a very savvy guy to me.
These sellers don’t understand that in most cases, “the first offer you receive is usually the best one you’re going to get”. Every time I have wanted to buy a property and the agent pulls the crap that you’re getting……..I also walk. I just won’t be part of their games. As for an agent telling you to not even bother to submit an offer below asking price…………I’m sure you are aware that they are obligated by law to submit all offers to the seller. The good news for you out of all of this looking is that prices are dropping and will continue to do so for quite a while so eventually, you’ll find the right home at the right price.
Good luck!Participantraptorduck: You come across as a very savvy guy to me.
These sellers don’t understand that in most cases, “the first offer you receive is usually the best one you’re going to get”. Every time I have wanted to buy a property and the agent pulls the crap that you’re getting……..I also walk. I just won’t be part of their games. As for an agent telling you to not even bother to submit an offer below asking price…………I’m sure you are aware that they are obligated by law to submit all offers to the seller. The good news for you out of all of this looking is that prices are dropping and will continue to do so for quite a while so eventually, you’ll find the right home at the right price.
Good luck!ParticipantNavydoc, you hit the bullseye right in the middle with your post. I attended many a social gathering where people would constantly talk about all the money they were making from their constantly appreciating home. I would always tell them that what goes up will most likely come down but they didn’t want to hear it. Well, now it’s a different story and what goes around………..eventually comes back around to bite you in the ass.
ParticipantNavydoc, you hit the bullseye right in the middle with your post. I attended many a social gathering where people would constantly talk about all the money they were making from their constantly appreciating home. I would always tell them that what goes up will most likely come down but they didn’t want to hear it. Well, now it’s a different story and what goes around………..eventually comes back around to bite you in the ass.
ParticipantBoo hoo………..anyone who was stupid enough to pay that much money for that kind of home in the middle of Podunk, CA deserves zero sympathy. They bought because they foolishly thought that prices would just keep going up and up and up and they would get rich when they sold their homes. I’ve had numerous conversations with otherwise, sane people in San Diego from 2001-2005 who also believed in The Tooth Fairy. When I told them I was cashing out and leaving SD, they thought I was crazy since I was going to leave so much money on the table by selling in the Spring of 05. Those that were drinking the Kool-Aid now believe that this will be over by next year and values will start climbing again. Several of my friends also got smart and sold their homes when I did and are now renting in SD.
ParticipantBoo hoo………..anyone who was stupid enough to pay that much money for that kind of home in the middle of Podunk, CA deserves zero sympathy. They bought because they foolishly thought that prices would just keep going up and up and up and they would get rich when they sold their homes. I’ve had numerous conversations with otherwise, sane people in San Diego from 2001-2005 who also believed in The Tooth Fairy. When I told them I was cashing out and leaving SD, they thought I was crazy since I was going to leave so much money on the table by selling in the Spring of 05. Those that were drinking the Kool-Aid now believe that this will be over by next year and values will start climbing again. Several of my friends also got smart and sold their homes when I did and are now renting in SD.
October 12, 2007 at 11:03 AM in reply to: OT: why do some american parents buy their minors guns? #88456ParticipantI grew up in South Carolina. I owned a shotgun, a semi-automatic .22 rifle and a .38 pistol when I was 13. My grandfather taught me how to hunt rabbits with the shotgun. I used the .22 to hunt other small game and I was taught how to use the .38 for home protection. Almost everyone that I knew also owned similar guns. When disagreements would break out among my friends, no one ever threatened to shoot anyone and nobody ever ran home to get a gun when they lost a schoolyard fight or if someone was bullying them. I never heard of a shooting in a school until I was in my early 30’s. I was born in 1948 so every weekend, my friends and I watched cowboy movies where people shot at each other and routinely got in fist fights. Those shows didn’t cause anyone to shoot anyone else or be excessively violent. My opinion is that violent, interactive video games, gangster rap recordings and lack of two parents along with proper discipline in the household during crucial years have caused this wave of violence. My wife and I reared three boys in San Diego and I taught all three how to shoot and handle a weapon safely (along with my wife). All three are now adults and none have ever been involved in any incidents. Proper parenting goes a long way and there is a severe lack of that with today’s youth.
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