Forum Replies Created
-
AuthorPosts
-
(former)FormerSanDiegan
Participantback in line with the fundamentals”
barnaby33,
That was Rich Toscano’s statement in his commentary today.
If I was shopping for a new house, I would certainly want to have a clue as to what are these fundamentals that everyone is talking about.
The simple answer is that home prices and payments have far outpaced income growth and rents from about 1999 to 2005 (for San Diego).
Have you read the primer on this web site ?
http://piggington.com/In the top center there is a box that says “A Bubble Primer”.
Check out
http://piggington.com/historical_home_prices_payments_rents_ratesAs for precise quantitative measures of how far back the ratio of prices to incomes or prices to rents need to return to, that is the 400,000 dollar question.
Participantback in line with the fundamentals”
barnaby33,
That was Rich Toscano’s statement in his commentary today.
If I was shopping for a new house, I would certainly want to have a clue as to what are these fundamentals that everyone is talking about.
The simple answer is that home prices and payments have far outpaced income growth and rents from about 1999 to 2005 (for San Diego).
Have you read the primer on this web site ?
http://piggington.com/In the top center there is a box that says “A Bubble Primer”.
Check out
http://piggington.com/historical_home_prices_payments_rents_ratesAs for precise quantitative measures of how far back the ratio of prices to incomes or prices to rents need to return to, that is the 400,000 dollar question.
Participantback in line with the fundamentals”
barnaby33,
That was Rich Toscano’s statement in his commentary today.
If I was shopping for a new house, I would certainly want to have a clue as to what are these fundamentals that everyone is talking about.
The simple answer is that home prices and payments have far outpaced income growth and rents from about 1999 to 2005 (for San Diego).
Have you read the primer on this web site ?
http://piggington.com/In the top center there is a box that says “A Bubble Primer”.
Check out
http://piggington.com/historical_home_prices_payments_rents_ratesAs for precise quantitative measures of how far back the ratio of prices to incomes or prices to rents need to return to, that is the 400,000 dollar question.
Participantback in line with the fundamentals”
barnaby33,
That was Rich Toscano’s statement in his commentary today.
If I was shopping for a new house, I would certainly want to have a clue as to what are these fundamentals that everyone is talking about.
The simple answer is that home prices and payments have far outpaced income growth and rents from about 1999 to 2005 (for San Diego).
Have you read the primer on this web site ?
http://piggington.com/In the top center there is a box that says “A Bubble Primer”.
Check out
http://piggington.com/historical_home_prices_payments_rents_ratesAs for precise quantitative measures of how far back the ratio of prices to incomes or prices to rents need to return to, that is the 400,000 dollar question.
ParticipantExcellent stuff! IMO, this is the best contributor-generated material on this site in over a year.
ParticipantExcellent stuff! IMO, this is the best contributor-generated material on this site in over a year.
ParticipantExcellent stuff! IMO, this is the best contributor-generated material on this site in over a year.
ParticipantExcellent stuff! IMO, this is the best contributor-generated material on this site in over a year.
ParticipantExcellent stuff! IMO, this is the best contributor-generated material on this site in over a year.
ParticipantWhy is that the highest bidder does not get the property ?
It’s not as simple as taking the best offer because the seller typically only sees one offer at a time on a property in the current market. A seller might reject an offer because they think they can get more .. but higher offers never materialize. A month or two later they sell, despite having rejected higher offers off the bat. It’s not as if all offers are received at the same time (as was more often the case in 2003-2005). Also, as mentioned above, the seller wants the sale to close and looks at indicators of the strength of the buyer (down payment amount, etc).
ParticipantWhy is that the highest bidder does not get the property ?
It’s not as simple as taking the best offer because the seller typically only sees one offer at a time on a property in the current market. A seller might reject an offer because they think they can get more .. but higher offers never materialize. A month or two later they sell, despite having rejected higher offers off the bat. It’s not as if all offers are received at the same time (as was more often the case in 2003-2005). Also, as mentioned above, the seller wants the sale to close and looks at indicators of the strength of the buyer (down payment amount, etc).
ParticipantWhy is that the highest bidder does not get the property ?
It’s not as simple as taking the best offer because the seller typically only sees one offer at a time on a property in the current market. A seller might reject an offer because they think they can get more .. but higher offers never materialize. A month or two later they sell, despite having rejected higher offers off the bat. It’s not as if all offers are received at the same time (as was more often the case in 2003-2005). Also, as mentioned above, the seller wants the sale to close and looks at indicators of the strength of the buyer (down payment amount, etc).
ParticipantWhy is that the highest bidder does not get the property ?
It’s not as simple as taking the best offer because the seller typically only sees one offer at a time on a property in the current market. A seller might reject an offer because they think they can get more .. but higher offers never materialize. A month or two later they sell, despite having rejected higher offers off the bat. It’s not as if all offers are received at the same time (as was more often the case in 2003-2005). Also, as mentioned above, the seller wants the sale to close and looks at indicators of the strength of the buyer (down payment amount, etc).
ParticipantWhy is that the highest bidder does not get the property ?
It’s not as simple as taking the best offer because the seller typically only sees one offer at a time on a property in the current market. A seller might reject an offer because they think they can get more .. but higher offers never materialize. A month or two later they sell, despite having rejected higher offers off the bat. It’s not as if all offers are received at the same time (as was more often the case in 2003-2005). Also, as mentioned above, the seller wants the sale to close and looks at indicators of the strength of the buyer (down payment amount, etc).
-
AuthorPosts
