Forum Replies Created
-
AuthorPosts
-
August 28, 2007 at 1:52 PM in reply to: Nasty day at the stock market today. Dow lost nearly 300 pts…. #82163August 28, 2007 at 1:52 PM in reply to: Nasty day at the stock market today. Dow lost nearly 300 pts…. #82298
Ex-SD
ParticipantBugs……………you asked the same question that’s been going around in my head for the last couple of weeks. I think there’s a strong chance that it may do just that. I hope NOT……….. but there’s a lot of mess to be cleaned up and I think it’s going to keep affecting the market negatively for the next year or two.
ParticipantI lived in a SFR in Leucadia for many years and we had an HOA. Sometimes, certain people who had nothing better to do would run for office and become a pain in the butt when they would get on a power trip but overall, if an HOA is not over-managed, they can be a pretty good thing. I’ve had friends who lived in nice areas but with no HOA and some jackass would inherit enough money to afford a nice home and move out of his trailer park and into their beautiful neighborhood. Within a year the yard has gone to pot, the house is not being kept up and the next thing you know, it would affect property values. Given a choice, I would take an HOA for a SFR over not having one since it simplifies these types of problems. Condo’s are another matter since the rules & regulations are usually overwhelming and the people who typically get elected to run the HOA are power-mongers who let it go to their heads.
ParticipantI lived in a SFR in Leucadia for many years and we had an HOA. Sometimes, certain people who had nothing better to do would run for office and become a pain in the butt when they would get on a power trip but overall, if an HOA is not over-managed, they can be a pretty good thing. I’ve had friends who lived in nice areas but with no HOA and some jackass would inherit enough money to afford a nice home and move out of his trailer park and into their beautiful neighborhood. Within a year the yard has gone to pot, the house is not being kept up and the next thing you know, it would affect property values. Given a choice, I would take an HOA for a SFR over not having one since it simplifies these types of problems. Condo’s are another matter since the rules & regulations are usually overwhelming and the people who typically get elected to run the HOA are power-mongers who let it go to their heads.
ParticipantI lived in a SFR in Leucadia for many years and we had an HOA. Sometimes, certain people who had nothing better to do would run for office and become a pain in the butt when they would get on a power trip but overall, if an HOA is not over-managed, they can be a pretty good thing. I’ve had friends who lived in nice areas but with no HOA and some jackass would inherit enough money to afford a nice home and move out of his trailer park and into their beautiful neighborhood. Within a year the yard has gone to pot, the house is not being kept up and the next thing you know, it would affect property values. Given a choice, I would take an HOA for a SFR over not having one since it simplifies these types of problems. Condo’s are another matter since the rules & regulations are usually overwhelming and the people who typically get elected to run the HOA are power-mongers who let it go to their heads.
Participantkewp wrote: “Here’s an idea. Draft legislation that foreclosed properties have to be auctioned within a month, for whatever price the market will bear. That should find the bottom right quick like.”
THAT is an excellent idea.
Participantkewp wrote: “Here’s an idea. Draft legislation that foreclosed properties have to be auctioned within a month, for whatever price the market will bear. That should find the bottom right quick like.”
THAT is an excellent idea.
Participantkewp wrote: “Here’s an idea. Draft legislation that foreclosed properties have to be auctioned within a month, for whatever price the market will bear. That should find the bottom right quick like.”
THAT is an excellent idea.
ParticipantChris: What is your fricking problem? Do you think that the government’s job is to be your daddy & mommy from cradle to death? This is America and if you want to roll the dice and sign on the bottom line for a house that you shouldn’t have bought, you need to be responsible for your actions. Did you think that the people who sold and made big profits from the sales of their homes should have sent you or someone else a cut of their profits? It doesn’t matter what political party you belong to sympathize with, it’s simply a matter of people being responsible for their actions and being held accountable when they’re irresponsible. I don’t want to support a bunch of selfish, irresponsible fools but if you do, please post an ad in newspaper where you can give directions to the poor homeowners who are being foreclosed on to drive their BMW’s, Mercedes, Lexus’ and Hummers and pick up their checks that you will write from your personal bank account to pay their mortgages.
ParticipantChris: What is your fricking problem? Do you think that the government’s job is to be your daddy & mommy from cradle to death? This is America and if you want to roll the dice and sign on the bottom line for a house that you shouldn’t have bought, you need to be responsible for your actions. Did you think that the people who sold and made big profits from the sales of their homes should have sent you or someone else a cut of their profits? It doesn’t matter what political party you belong to sympathize with, it’s simply a matter of people being responsible for their actions and being held accountable when they’re irresponsible. I don’t want to support a bunch of selfish, irresponsible fools but if you do, please post an ad in newspaper where you can give directions to the poor homeowners who are being foreclosed on to drive their BMW’s, Mercedes, Lexus’ and Hummers and pick up their checks that you will write from your personal bank account to pay their mortgages.
ParticipantChris: What is your fricking problem? Do you think that the government’s job is to be your daddy & mommy from cradle to death? This is America and if you want to roll the dice and sign on the bottom line for a house that you shouldn’t have bought, you need to be responsible for your actions. Did you think that the people who sold and made big profits from the sales of their homes should have sent you or someone else a cut of their profits? It doesn’t matter what political party you belong to sympathize with, it’s simply a matter of people being responsible for their actions and being held accountable when they’re irresponsible. I don’t want to support a bunch of selfish, irresponsible fools but if you do, please post an ad in newspaper where you can give directions to the poor homeowners who are being foreclosed on to drive their BMW’s, Mercedes, Lexus’ and Hummers and pick up their checks that you will write from your personal bank account to pay their mortgages.
ParticipantThey’re just cheer-leading this spin in an attempt to stop the impending recession. It’s not gonna work. There’s too many things in play to stop it at this point.
ParticipantThey’re just cheer-leading this spin in an attempt to stop the impending recession. It’s not gonna work. There’s too many things in play to stop it at this point.
ParticipantThey’re just cheer-leading this spin in an attempt to stop the impending recession. It’s not gonna work. There’s too many things in play to stop it at this point.
ParticipantIMHO: It’s nowhere near the bottom yet. There’s way too much inventory and a lack of buyers at the present prices considering the new loan rules and rates. Then, we have the looming problem of ARM loans that will reset over the next couple of years and the impending foreclosures that will result from owners who won’t be able to make the new, higher payment. Be happy that you’re renting and not going to take a huge haircut. Give it at least two years (I’m guessing 3 1/2 to 4 years to hit the bottom).
Here’s some statistics:
Tracking San Diego County, California
Population 2006: 3.07 million
1/01/2006 Listing per population ratio 1:220
7/31/2006 Listing per population ratio 1:131
San Diego County
…………..Inventory (Sales)………………….(Sales)
01/2006: 16,161 (2,898)___01/2005: (3,324)
02/2006: 17,262 (3,035)___02/2005: (3,442)
03/2006: 18,261 (4,367)___03/2005: (5,018)
04/2006: 19,480 (3,974)___04/2005: (5,345)
05/2006: 21,175 (4,480)___05/2005: (5,141)
06/2006: 22,588 (4,533)___06/2005: (5,663)
07/2006: 23,385 (3,370)___07/2005: 14,176 (4,765)
08/2006: 23,381 (3,666)___08/2005: 15,240 (5,379)
09/2006: 22,710 (3,207)___09/2005: 16,081 (4,935)
10/2006: 21,692 (3,282)___10/2005: 16,490 (4,155)
11/2006: 19,831 (2,987)___11/2005: 16,072 (3,937)
12/2006: 17,223 (3,613)___12/2005: 14,591 (4,262)Population 2007: 3.10 million
1/01/2007 Listing per population ratio 1:191
6/10/2007 Listing per population ratio 1:144……….Inventory (Sales)…………………Inventory (Sales)
01/01: 16,260
01/31: 17,109 (2,772)___01/2006: 16,161 (2,898)
02/28: 17,544 (2,863)___02/2006: 17,262 (3,035)
03/31: 18,638 (3,218)___03/2006: 18,261 (4,367)
04/30: 20,122 (3,436)___04/2006: 19,480 (3,974)
05/31: 21,169 (3,385)___05/2006: 21,175 (4,480)
06/30: 22,268 (3,510)___06/2006: 22,588 (4,533)
07/31: 22,551
08/10: 22,636
08/20: 23,006All-time Record high inventory: 23,385 homes, July 2006.
All-time low inventory: 2,301 homes, March 2004.
Previous Record high inventory: 19,250 homes, July 1995.
North County Times 4/12/06Population 1995: 2.66 million
Listing per population ratio 7/1995: 1:138
Population adjusted record high inventory: 22,174 homes.-ziprealty resale inventory includes SFR/Condo/MFR/Land Parcels
-(sales figure) includes new and resale homes from DataQuickNews -
AuthorPosts
