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gdcox
ParticipantThank you SDRealtor.
In terms of these professional, what is the rough split between first time buyer renters, previous owners who decided to sell up and sit out the boom and exiting property owners trading up (eg apartment to detached house).
As an aside, illustrating the crazy mix these days, I have a friend from England who just bought a house in Las Vegas at 50% below peak (with a US mortgage) in order than her sister who is about to be foreclosed upon (voluntarily) can move in and rent!
ParticipantThank you SDRealtor.
In terms of these professional, what is the rough split between first time buyer renters, previous owners who decided to sell up and sit out the boom and exiting property owners trading up (eg apartment to detached house).
As an aside, illustrating the crazy mix these days, I have a friend from England who just bought a house in Las Vegas at 50% below peak (with a US mortgage) in order than her sister who is about to be foreclosed upon (voluntarily) can move in and rent!
ParticipantThank you SDRealtor.
In terms of these professional, what is the rough split between first time buyer renters, previous owners who decided to sell up and sit out the boom and exiting property owners trading up (eg apartment to detached house).
As an aside, illustrating the crazy mix these days, I have a friend from England who just bought a house in Las Vegas at 50% below peak (with a US mortgage) in order than her sister who is about to be foreclosed upon (voluntarily) can move in and rent!
ParticipantThank you SDRealtor.
In terms of these professional, what is the rough split between first time buyer renters, previous owners who decided to sell up and sit out the boom and exiting property owners trading up (eg apartment to detached house).
As an aside, illustrating the crazy mix these days, I have a friend from England who just bought a house in Las Vegas at 50% below peak (with a US mortgage) in order than her sister who is about to be foreclosed upon (voluntarily) can move in and rent!
ParticipantQuestion for you SDRealtor.
These buyers in MM . Who are they in terms of classification. What is the very rough split between new people to SD, local first time buyers, buy-to-let investors and any other categorization you would use to break it down. Until one knows the breakdown it is hard to comment on the sustainability of the apparent stability achieved in the market recently.
ThanksParticipantQuestion for you SDRealtor.
These buyers in MM . Who are they in terms of classification. What is the very rough split between new people to SD, local first time buyers, buy-to-let investors and any other categorization you would use to break it down. Until one knows the breakdown it is hard to comment on the sustainability of the apparent stability achieved in the market recently.
ThanksParticipantQuestion for you SDRealtor.
These buyers in MM . Who are they in terms of classification. What is the very rough split between new people to SD, local first time buyers, buy-to-let investors and any other categorization you would use to break it down. Until one knows the breakdown it is hard to comment on the sustainability of the apparent stability achieved in the market recently.
ThanksParticipantQuestion for you SDRealtor.
These buyers in MM . Who are they in terms of classification. What is the very rough split between new people to SD, local first time buyers, buy-to-let investors and any other categorization you would use to break it down. Until one knows the breakdown it is hard to comment on the sustainability of the apparent stability achieved in the market recently.
ThanksParticipantQuestion for you SDRealtor.
These buyers in MM . Who are they in terms of classification. What is the very rough split between new people to SD, local first time buyers, buy-to-let investors and any other categorization you would use to break it down. Until one knows the breakdown it is hard to comment on the sustainability of the apparent stability achieved in the market recently.
ThanksParticipantI think what you guys are trying to do is not possible. In the neighbourhoods you are talking of, it is not first time buyer territory, even if some are. Buyers will have wealth from earlier years and from other sources I don’t think you can statistically calculate the buying power of the typical purchaser in excellent neghbourhoods. All you can do is observe developments and use overall earning and employment data such as that used by Rich to assess trends. there may be less frequent income /wealth decile distribution data which can show you how the rich get richer which could also be used.
But some area will always have a significant number of non-typical people and I would imagine the nearer you get to the coast the greater the percentage of buyers who don’t even need a mortgage.
ParticipantI think what you guys are trying to do is not possible. In the neighbourhoods you are talking of, it is not first time buyer territory, even if some are. Buyers will have wealth from earlier years and from other sources I don’t think you can statistically calculate the buying power of the typical purchaser in excellent neghbourhoods. All you can do is observe developments and use overall earning and employment data such as that used by Rich to assess trends. there may be less frequent income /wealth decile distribution data which can show you how the rich get richer which could also be used.
But some area will always have a significant number of non-typical people and I would imagine the nearer you get to the coast the greater the percentage of buyers who don’t even need a mortgage.
ParticipantI think what you guys are trying to do is not possible. In the neighbourhoods you are talking of, it is not first time buyer territory, even if some are. Buyers will have wealth from earlier years and from other sources I don’t think you can statistically calculate the buying power of the typical purchaser in excellent neghbourhoods. All you can do is observe developments and use overall earning and employment data such as that used by Rich to assess trends. there may be less frequent income /wealth decile distribution data which can show you how the rich get richer which could also be used.
But some area will always have a significant number of non-typical people and I would imagine the nearer you get to the coast the greater the percentage of buyers who don’t even need a mortgage.
ParticipantI think what you guys are trying to do is not possible. In the neighbourhoods you are talking of, it is not first time buyer territory, even if some are. Buyers will have wealth from earlier years and from other sources I don’t think you can statistically calculate the buying power of the typical purchaser in excellent neghbourhoods. All you can do is observe developments and use overall earning and employment data such as that used by Rich to assess trends. there may be less frequent income /wealth decile distribution data which can show you how the rich get richer which could also be used.
But some area will always have a significant number of non-typical people and I would imagine the nearer you get to the coast the greater the percentage of buyers who don’t even need a mortgage.
ParticipantI think what you guys are trying to do is not possible. In the neighbourhoods you are talking of, it is not first time buyer territory, even if some are. Buyers will have wealth from earlier years and from other sources I don’t think you can statistically calculate the buying power of the typical purchaser in excellent neghbourhoods. All you can do is observe developments and use overall earning and employment data such as that used by Rich to assess trends. there may be less frequent income /wealth decile distribution data which can show you how the rich get richer which could also be used.
But some area will always have a significant number of non-typical people and I would imagine the nearer you get to the coast the greater the percentage of buyers who don’t even need a mortgage.
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