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September 19, 2007 at 12:43 PM in reply to: How to protect against massive inflation and upcoming fall of dollar #85204
g2006
ParticipantIs there a simple method to short the US dollar like ETF or a mutual fund.
ParticipantCan anyone explain what is rent multiplier 160. Thx
“Just curious, why do you guys think the the price will drop below $250k for 2 bedroom? Using the rent multiplier of 160, and assume the current market to rent a such a place is between $1600 to $1800 per month (closer to $1800), the value of such 2-bedroom apartment shall be $256,000 to $288,000 assuming the rent do not drop. Is there something wrong about my assumption?”
Participantsdrealtor a quick question do u track the final selling price compared to asking price.
This can give us a direction of future asking price
Thanks
Participantsdrealtor a quick question do u track the final selling price compared to asking price.
This can give us a direction of future asking price
Thanks
ParticipantThanks garysears for ur reply. Lot of good insight.
ParticipantThanks garysears for ur reply. Lot of good insight.
ParticipantAnother 40k+ loss in scripps
http://www.sdlookup.com/Property-07D3BF71-10837_Caminito_Arcada_San_Diego_CA_92131
List Price: $550,000
04/08/2005 $590,000
09/05/1996 $167,990ParticipantAnother 40k+ loss in scripps
http://www.sdlookup.com/Property-07D3BF71-10837_Caminito_Arcada_San_Diego_CA_92131
List Price: $550,000
04/08/2005 $590,000
09/05/1996 $167,990June 29, 2007 at 8:52 AM in reply to: Ouch. 1 month later, still no takers on this CV townhome. #62937ParticipantIn 2005 the price was 640K almost 100K+ down.
03/18/2005 $640,000
09/14/2001 $345,000
01/21/1999 $258,200
04/07/1998 $230,000
01/23/1997 $194,400June 29, 2007 at 8:52 AM in reply to: Ouch. 1 month later, still no takers on this CV townhome. #62889ParticipantIn 2005 the price was 640K almost 100K+ down.
03/18/2005 $640,000
09/14/2001 $345,000
01/21/1999 $258,200
04/07/1998 $230,000
01/23/1997 $194,400Participant“I remember 20 years ago, my mother could buy a home in Nor Cal for about 140K — she thought it was too much on her $38K/year job. She also thought prices would come down dramatically and kept renting. Guess what??? Rent went up and quickly surpassed what that mortgage for the $140K home would have been.”
With 38K/year and 140K . The ratio is around 3.7
For 500K home it is around 135K/year . Not sure how many people make this much money
Participant“I remember 20 years ago, my mother could buy a home in Nor Cal for about 140K — she thought it was too much on her $38K/year job. She also thought prices would come down dramatically and kept renting. Guess what??? Rent went up and quickly surpassed what that mortgage for the $140K home would have been.”
With 38K/year and 140K . The ratio is around 3.7
For 500K home it is around 135K/year . Not sure how many people make this much money
ParticipantI was looking to buy a condo in carmel valley. Looked at Airoso and was wondering whether to buy or not and finally Airoso is sold-out.
Andalucia is now increasing prices.
Looks like carmel valley is still strong
I agree for carmel valley (in less than 700K condos/homes) downturn never happened
ParticipantOne more factor is dual income families.
Husband + Wife salary is very easily more than 100K
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