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(former)FormerSanDiegan
ParticipantOnly 85 Trading days ’til Spring arrives.
S&P at 1396 today.Only 796 points to go to reach 600 !
ParticipantI don’t understand why people would pay to buy new construction, stepford wives cookie-cutters crammed together with no side yards, HOA fees and requiring a letter from their lawyer if they want to change the color of their house in areas with high traffic and long commutes when they can have a slightly smaller house in an established neighborhood that has some charm. But hey that’s just me.
P.S. – In SD the (retail) price of the land sitting under a house is about 50% to 90% of the overall price.
November 14, 2006 at 4:06 PM in reply to: Short sale in PQ at $30k more than purchase in 2002 #39978ParticipantOlder (15+ year) suburban condos are getting whacked early… just like this one.
Please update if it sells.
Quick Eval :
If someone purchased today for 250K, 20% down at 6% (interest-only for comparison), $200 monthly HOA I come up with ~ 1460 per month. I figure a similar place to rent is 1300 or so. This is actually getting close to what I would consider a floor (but I tend to concentrate on SFRs), where it makes sense for someone to buy (e.g. rent versus buy calculation) Maybe crappy suburban condos put up in the last days of the previous boom (1991) will suffer more than anticipated.November 14, 2006 at 1:59 PM in reply to: Has a political post on here ever changed anyone’s mind? #39966ParticipantThe most interesting thing I learned from those posts was the diversity of opinions of people on all things political, despite that same group sharing (for the most part) an outlook on the residential RE bubble.
It is amazing to read some of these folks very resonable comments, grounded in reality, analysis and facts in the housing topics; then move over to the political section and see all sense of analytical thought thrown to the wind.
At least it tends to focus the name-calling stuff into the non-housing related threads.
ParticipantSounds like a great loan. I want to get it so that I can invest the difference in risk -free mutual funds and get a 10% + virtually guaranteed return like the guy suggested in the
The Cost of Buying Too Soon…$1,000,000+…That way I can have my cake and eat it too !
November 14, 2006 at 8:54 AM in reply to: Assume recession, how can we profit in the markets? #39927Participantduplicate
November 14, 2006 at 8:52 AM in reply to: Assume recession, how can we profit in the markets? #39928ParticipantIf we see hyperinflation of the type described, wouldn;t a sound strategy be to borrow as much as one can in today’s dollars and buy hard assets like real estate ?
PS Do you think we are headed this direction (excessive inflation) or the deflationary spiral direction ?
ParticipantWhat’s with the italics ?
I guess someone left an open-italics and it carried over across posts, so I closed it.
November 10, 2006 at 5:54 PM in reply to: Company Offering Pre Negotiated Short Sales (WholeSale) #39744ParticipantAre you trying to sell something ?
If not, I am very interested in hearing more insight into the current state of properties facing foreclosures. But not in opportunities to pay a fee to someone to find real estate deals.
If you are trying to sell something, I recommend you contact Rich and place a “sponsored” link, instead of posting an ad disguised as a contribution to this board.
Maybe you can fill the spot now occupied by “Flipping Houses.”
ParticipantNot Quite.
Your assumption of 175K in 2000 is off by about 70%.
A house on the same street, same square footage (address: 30051) sold for about 300K in 2000.So, that makes it not (drum-roll please) not 652% … not 365% … but about 113% appreciation in the 6 years.
(YAWN)
Pretty much the same as everywhere else.http://www.zillow.com/HomeDetails.htm?city=Laguna%20Niguel&state=CA&zprop=25554805
ParticipantHis name starts with “shill” does it not ?
ParticipantI hope your not serious. This is a data fluke … The 98K value in zillow is likely from a family member change in ownership that is recorded by the county. In 2000 comps for this home were apparently in the 350K range. Zee the compz in zillow and look at their zale value.
ParticipantThe were constantly wrong on the way up when they forecasted 6-7% increases and we go 10-20%, so I suspect they will be wrong on the way down.
ParticipantThis kind of debt forgiveness may be something that is popular with voters. Who else rewards folly or failure like the government?
Maybe someone should bring up this idea as a way of reducing the US debt. Just get the creditors to forgive a Trillion or so in debt.
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