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gn
Participantcorporate is meeting together this weekend to discuss the 'redo' for this development
Translation: Sales have been so dismally slow, the executives realized that they need to change pretty much everything, from floor plans to marketing to prices … in order to have any hope of salvaging the entire project.
Participantcorporate is meeting together this weekend to discuss the 'redo' for this development
Translation: Sales have been so dismally slow, the executives realized that they need to change pretty much everything, from floor plans to marketing to prices … in order to have any hope of salvaging the entire project.
Participantcorporate is meeting together this weekend to discuss the 'redo' for this development
Translation: Sales have been so dismally slow, the executives realized that they need to change pretty much everything, from floor plans to marketing to prices … in order to have any hope of salvaging the entire project.
Participantcorporate is meeting together this weekend to discuss the 'redo' for this development
Translation: Sales have been so dismally slow, the executives realized that they need to change pretty much everything, from floor plans to marketing to prices … in order to have any hope of salvaging the entire project.
Participantcorporate is meeting together this weekend to discuss the 'redo' for this development
Translation: Sales have been so dismally slow, the executives realized that they need to change pretty much everything, from floor plans to marketing to prices … in order to have any hope of salvaging the entire project.
ParticipantRandy,
The price offered to you by the builder is quite attractive when compared to the “current market price”. And that’s expected, because builders are under pressure to generate revenues, so they have to offer low prices in order to sell houses.
The problem is: just as your current deal is better than the John Doe who bought last year, another guy who buy this time next year will get a much better deal than what you’re getting. In term of prices, we are nowhere near the bottom.
IMHO, the chances that prices will go down significantly more is 99% (the 1% is for the scenario in which another “credit bubble” appears to pump money into real estate).
ParticipantRandy,
The price offered to you by the builder is quite attractive when compared to the “current market price”. And that’s expected, because builders are under pressure to generate revenues, so they have to offer low prices in order to sell houses.
The problem is: just as your current deal is better than the John Doe who bought last year, another guy who buy this time next year will get a much better deal than what you’re getting. In term of prices, we are nowhere near the bottom.
IMHO, the chances that prices will go down significantly more is 99% (the 1% is for the scenario in which another “credit bubble” appears to pump money into real estate).
ParticipantRandy,
The price offered to you by the builder is quite attractive when compared to the “current market price”. And that’s expected, because builders are under pressure to generate revenues, so they have to offer low prices in order to sell houses.
The problem is: just as your current deal is better than the John Doe who bought last year, another guy who buy this time next year will get a much better deal than what you’re getting. In term of prices, we are nowhere near the bottom.
IMHO, the chances that prices will go down significantly more is 99% (the 1% is for the scenario in which another “credit bubble” appears to pump money into real estate).
ParticipantRandy,
The price offered to you by the builder is quite attractive when compared to the “current market price”. And that’s expected, because builders are under pressure to generate revenues, so they have to offer low prices in order to sell houses.
The problem is: just as your current deal is better than the John Doe who bought last year, another guy who buy this time next year will get a much better deal than what you’re getting. In term of prices, we are nowhere near the bottom.
IMHO, the chances that prices will go down significantly more is 99% (the 1% is for the scenario in which another “credit bubble” appears to pump money into real estate).
ParticipantRandy,
The price offered to you by the builder is quite attractive when compared to the “current market price”. And that’s expected, because builders are under pressure to generate revenues, so they have to offer low prices in order to sell houses.
The problem is: just as your current deal is better than the John Doe who bought last year, another guy who buy this time next year will get a much better deal than what you’re getting. In term of prices, we are nowhere near the bottom.
IMHO, the chances that prices will go down significantly more is 99% (the 1% is for the scenario in which another “credit bubble” appears to pump money into real estate).
ParticipantSD Realtor,
If lenders start renting out their REOs en masse, they would flood the rental market, lowering rents. Lower rents would then lower the “floor” determined by the “fundamentals”.
So, in the immediate short term, it may help real estate prices. But, in the “medium term” (2 – 3 years), prices will decline by the same amount. All it does is delaying the inevitable.
ParticipantSD Realtor,
If lenders start renting out their REOs en masse, they would flood the rental market, lowering rents. Lower rents would then lower the “floor” determined by the “fundamentals”.
So, in the immediate short term, it may help real estate prices. But, in the “medium term” (2 – 3 years), prices will decline by the same amount. All it does is delaying the inevitable.
ParticipantSD Realtor,
If lenders start renting out their REOs en masse, they would flood the rental market, lowering rents. Lower rents would then lower the “floor” determined by the “fundamentals”.
So, in the immediate short term, it may help real estate prices. But, in the “medium term” (2 – 3 years), prices will decline by the same amount. All it does is delaying the inevitable.
ParticipantSD Realtor,
If lenders start renting out their REOs en masse, they would flood the rental market, lowering rents. Lower rents would then lower the “floor” determined by the “fundamentals”.
So, in the immediate short term, it may help real estate prices. But, in the “medium term” (2 – 3 years), prices will decline by the same amount. All it does is delaying the inevitable.
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