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farbet
ParticipantProperty owners and voters are taking their time flooding the county offices applying for reductions in their property taxes.It seems as if they all are waiting for some form of “bailout”. Forget about it!!!
Participantoops sorry
Participantoops sorry
ParticipantWhy aren’t more people that are in deep doo doo ask the county and builders for Mello Roos relief.
ParticipantWhy aren’t more people that are in deep doo doo ask the county and builders for Mello Roos relief.
ParticipantCar Dealer Tactics on the New-Home Lot
To Sell in a Slow Market, Builders Slash Prices and Offer Financing DealsBy Nancy Trejos
Washington Post Staff Writer
Monday, October 8, 2007; Page A01Won-Ki Choi and his wife Janice had their eye on the townhouse at East Market at Fair Lakes for some time. But the $536,449 price tag was much too high for them.
…….
“It’s one gimmick after another,” Baker said.But the buyer should beware, housing experts say. The sales typically come with conditions, disclosed in the fine print, such as use of the builder’s lender. And in the case of the auctions, buyers can often negotiate the lower price or incentives even if they don’t make the decision that …..
http://www.washingtonpost.com/wp-dyn/content/article/2007/10/07/AR2007100701626.html?hpid=topnews
Immigrants with cash are buying.Iranians in La Jolla, Asians in Carmel Valley and Poway IMHO..
Its just a fact. Immigrants save a lot. They don’t purchase an item unless they can cover the cost.They hate debt.Period.
However, 2nd and 3rd generations live the American Dream- they use OPM.The article shows that only one bidder for the still overpriced house. I am not sure they(Wong T CHOI) did not do their homework here.ParticipantCar Dealer Tactics on the New-Home Lot
To Sell in a Slow Market, Builders Slash Prices and Offer Financing DealsBy Nancy Trejos
Washington Post Staff Writer
Monday, October 8, 2007; Page A01Won-Ki Choi and his wife Janice had their eye on the townhouse at East Market at Fair Lakes for some time. But the $536,449 price tag was much too high for them.
…….
“It’s one gimmick after another,” Baker said.But the buyer should beware, housing experts say. The sales typically come with conditions, disclosed in the fine print, such as use of the builder’s lender. And in the case of the auctions, buyers can often negotiate the lower price or incentives even if they don’t make the decision that …..
http://www.washingtonpost.com/wp-dyn/content/article/2007/10/07/AR2007100701626.html?hpid=topnews
Immigrants with cash are buying.Iranians in La Jolla, Asians in Carmel Valley and Poway IMHO..
Its just a fact. Immigrants save a lot. They don’t purchase an item unless they can cover the cost.They hate debt.Period.
However, 2nd and 3rd generations live the American Dream- they use OPM.The article shows that only one bidder for the still overpriced house. I am not sure they(Wong T CHOI) did not do their homework here.Participantnone. Greater fools are still buying
ParticipantWhen D.R. Horton Inc., the second- biggest U.S. homebuilder, couldn’t sell the one-bedroom condominium in San Diego it listed for $349,800, the property was auctioned as a last resort for 37 percent less.
D.R. Horton, with annual revenue of about $11 billion, and Hovnanian Enterprises Inc. now face the worst choice in the worst residential real estate slump since the 1930s. They’re selling homes at any price they can get.
“It’s desperation time and some companies may not make it,” said Alex Barron, an industry analyst at Agency Trading Group Inc. in Wayzata, Minnesota. “At this point in the housing cycle, if you have too much debt, it’s hard to get out from under it.”
D.R. Horton of Fort Worth, Texas, overcame qualms about its image with the Sept. 29 auction of 56 unsold San Diego condominiums. The 200 bidders who filed into a tent on the grounds of the Doubletree Hotel in Mission Valley, California, needed a $5,000 cashier’s check to prove they were serious, said Steven Moran, an agent with Century 21 Award in San Diego, who attended with 11 clients.
“I ran the numbers and the condos sold for between 68 cents and 74 cents on the dollar based on the original asking prices,” Moran said.
A condo with an enclosed balcony and an indoor parking spot was originally listed at $349,800 and sold for $220,000, Moran said. D.R. Horton also threw in a washer-dryer and $2,500 toward closing costs, Moran said.
“Adding a credit toward closing costs still allows them to show the highest selling price they can,” Moran said.
D.R. Horton spokeswoman Jessica Hansen did not return calls seeking comment. The company did not allow members of the media into the auction and has not released sales information.
Homebuilders Liquidate Assets in Desperation Sales (Update2)
http://www.bloomberg.com/apps/news?pid=20601206&sid=adFsGVxspArw&refer=realestateParticipantCountryFried Financial: “Toxic waste, finger lickin’ good!”
2007-10-04
Lampooning America’s biggest lender, run by America’s most tan CEO, just got easier (As if it weren’t easy enough!). Allow us to present: CountryFried Financial (“CFC”):
Indeed, CountryFried Financial sure makes home loans finger lickin’ good!
Unfortunately, the grease and cholesterol are killers, and if you “eat too much”, it’s likely to impair your health … permanently.
Colonel Sanders never looked so … orange!
http://ml-implode.com/countryfried.htmlOctober 4, 2007 at 6:32 AM in reply to: Housing prices in free fall along Mount Soledad Road in La Jolla #86848ParticipantBack to 1961 prices for this area. Instant loss big big time.
October 3, 2007 at 10:32 PM in reply to: Housing prices in free fall along Mount Soledad Road in La Jolla #86909Participantoff shore accounts maybe.
October 3, 2007 at 1:31 PM in reply to: Housing prices in free fall along Mount Soledad Road in La Jolla #86854ParticipantKnowing what you know now would you buy there?
One owner just bought 1 year ago and was lamenting about not being informed that there was a slide problem.
So wanabee La Jollans help them out buy there.Participantditto
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