[gn]

gn, can you elaborate this "the rental supply is artificially low"? People want to hold on to their rental properties because they want to jack up the rent? Don't get it?

There are many houses financed by exotic mortgages (ARMs). The owners of these houses are likely to be foreclosed by the lenders. Eventually, most of these houses will be taken back by the lenders & put on the market.

Many of the buyers of the REOs are investors who buy because the rental incomes is higher than the cost of ownership. All of this effectively increases the rental supply.

[gn]

gn, can you elaborate this "the rental supply is artificially low"? People want to hold on to their rental properties because they want to jack up the rent? Don't get it?

There are many houses financed by exotic mortgages (ARMs). The owners of these houses are likely to be foreclosed by the lenders. Eventually, most of these houses will be taken back by the lenders & put on the market.

Many of the buyers of the REOs are investors who buy because the rental incomes is higher than the cost of ownership. All of this effectively increases the rental supply.

[gn]

gn, can you elaborate this "the rental supply is artificially low"? People want to hold on to their rental properties because they want to jack up the rent? Don't get it?

There are many houses financed by exotic mortgages (ARMs). The owners of these houses are likely to be foreclosed by the lenders. Eventually, most of these houses will be taken back by the lenders & put on the market.

Many of the buyers of the REOs are investors who buy because the rental incomes is higher than the cost of ownership. All of this effectively increases the rental supply.

[gn]

gn, can you elaborate this "the rental supply is artificially low"? People want to hold on to their rental properties because they want to jack up the rent? Don't get it?

There are many houses financed by exotic mortgages (ARMs). The owners of these houses are likely to be foreclosed by the lenders. Eventually, most of these houses will be taken back by the lenders & put on the market.

Many of the buyers of the REOs are investors who buy because the rental incomes is higher than the cost of ownership. All of this effectively increases the rental supply.

[gn]

gn, can you elaborate this "the rental supply is artificially low"? People want to hold on to their rental properties because they want to jack up the rent? Don't get it?

There are many houses financed by exotic mortgages (ARMs). The owners of these houses are likely to be foreclosed by the lenders. Eventually, most of these houses will be taken back by the lenders & put on the market.

Many of the buyers of the REOs are investors who buy because the rental incomes is higher than the cost of ownership. All of this effectively increases the rental supply.

[gn]

JC,

I sounds like you are #5. Good for you.

It also sounds like your friend thinks he is #4, but he is actually #3. Or he is #4 but his lifestyle is shifting him to #3.

[gn]

JC,

I sounds like you are #5. Good for you.

It also sounds like your friend thinks he is #4, but he is actually #3. Or he is #4 but his lifestyle is shifting him to #3.

[gn]

JC,

I sounds like you are #5. Good for you.

It also sounds like your friend thinks he is #4, but he is actually #3. Or he is #4 but his lifestyle is shifting him to #3.

[gn]

JC,

I sounds like you are #5. Good for you.

It also sounds like your friend thinks he is #4, but he is actually #3. Or he is #4 but his lifestyle is shifting him to #3.

[gn]

JC,

I sounds like you are #5. Good for you.

It also sounds like your friend thinks he is #4, but he is actually #3. Or he is #4 but his lifestyle is shifting him to #3.

[gn]

asianautica,

When you said that the people who previously live in PQ & CV will move down to MM, I thought you implied that MM is in the middle segment & will never lack of renters/home buyers. Keep in mind that the people who move down from PQ & CV will have other choices from San Marcos, Escondido, Tierra Santa …

if you predict MM still have another 30+% drop left, then all other ares in NC will still have another 50-60+% drop left.

You are right. The areas in NC that are nicer than Mira Mesa are behind MM so will have more downside potential. Just as Temecula has less downside potential than Mira Mesa because Temecula is closer to the bottom. Because Temecula hasn’t bottom out yet, I still think that Mira Mesa is no where near the bottom

 

[gn]

asianautica,

When you said that the people who previously live in PQ & CV will move down to MM, I thought you implied that MM is in the middle segment & will never lack of renters/home buyers. Keep in mind that the people who move down from PQ & CV will have other choices from San Marcos, Escondido, Tierra Santa …

if you predict MM still have another 30+% drop left, then all other ares in NC will still have another 50-60+% drop left.

You are right. The areas in NC that are nicer than Mira Mesa are behind MM so will have more downside potential. Just as Temecula has less downside potential than Mira Mesa because Temecula is closer to the bottom. Because Temecula hasn’t bottom out yet, I still think that Mira Mesa is no where near the bottom

 

[gn]

asianautica,

When you said that the people who previously live in PQ & CV will move down to MM, I thought you implied that MM is in the middle segment & will never lack of renters/home buyers. Keep in mind that the people who move down from PQ & CV will have other choices from San Marcos, Escondido, Tierra Santa …

if you predict MM still have another 30+% drop left, then all other ares in NC will still have another 50-60+% drop left.

You are right. The areas in NC that are nicer than Mira Mesa are behind MM so will have more downside potential. Just as Temecula has less downside potential than Mira Mesa because Temecula is closer to the bottom. Because Temecula hasn’t bottom out yet, I still think that Mira Mesa is no where near the bottom

 

[gn]

asianautica,

When you said that the people who previously live in PQ & CV will move down to MM, I thought you implied that MM is in the middle segment & will never lack of renters/home buyers. Keep in mind that the people who move down from PQ & CV will have other choices from San Marcos, Escondido, Tierra Santa …

if you predict MM still have another 30+% drop left, then all other ares in NC will still have another 50-60+% drop left.

You are right. The areas in NC that are nicer than Mira Mesa are behind MM so will have more downside potential. Just as Temecula has less downside potential than Mira Mesa because Temecula is closer to the bottom. Because Temecula hasn’t bottom out yet, I still think that Mira Mesa is no where near the bottom

 

[gn]

asianautica,

When you said that the people who previously live in PQ & CV will move down to MM, I thought you implied that MM is in the middle segment & will never lack of renters/home buyers. Keep in mind that the people who move down from PQ & CV will have other choices from San Marcos, Escondido, Tierra Santa …

if you predict MM still have another 30+% drop left, then all other ares in NC will still have another 50-60+% drop left.

You are right. The areas in NC that are nicer than Mira Mesa are behind MM so will have more downside potential. Just as Temecula has less downside potential than Mira Mesa because Temecula is closer to the bottom. Because Temecula hasn’t bottom out yet, I still think that Mira Mesa is no where near the bottom

 

[Author]

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