[gn]

This is why the “median price” does not go down as much as the actual market price.

Previously, Jimmy has been looking in Mira Mesa. But now, since prices in Mira Mesa has gone down so much, he’s considering Sorrento Valley. When prices go down, financially capable buyers don’t spend less. They spend roughly the same, getting a better house.

Sorry for the digression 🙂

[gn]

bsrsharma is right.

The plan will be put together by a “coalition” that include:
lenders, servicers, investors … They all have a stake in this. My guess is that they will modify the original contracts to allow for the rate freeze.

As always, “the devil is in the details”. Until we know the details, we won’t know how much of a difference will the plan make.

[gn]

bsrsharma is right.

The plan will be put together by a “coalition” that include:
lenders, servicers, investors … They all have a stake in this. My guess is that they will modify the original contracts to allow for the rate freeze.

As always, “the devil is in the details”. Until we know the details, we won’t know how much of a difference will the plan make.

[gn]

bsrsharma is right.

The plan will be put together by a “coalition” that include:
lenders, servicers, investors … They all have a stake in this. My guess is that they will modify the original contracts to allow for the rate freeze.

As always, “the devil is in the details”. Until we know the details, we won’t know how much of a difference will the plan make.

[gn]

bsrsharma is right.

The plan will be put together by a “coalition” that include:
lenders, servicers, investors … They all have a stake in this. My guess is that they will modify the original contracts to allow for the rate freeze.

As always, “the devil is in the details”. Until we know the details, we won’t know how much of a difference will the plan make.

[gn]

bsrsharma is right.

The plan will be put together by a “coalition” that include:
lenders, servicers, investors … They all have a stake in this. My guess is that they will modify the original contracts to allow for the rate freeze.

As always, “the devil is in the details”. Until we know the details, we won’t know how much of a difference will the plan make.

[gn]

Even though it is approaching rental numbers, don't you guys think that this area could depreciate more?

Yes. And the reasons are:

1. In a correction, prices always over-correct.

2. At some point in the future, when prices are low enough, investors will scoop up these properties & put them on the market for rent, thus, increasing the rental supply & result in lower rents. So, the "floor" (i.e. rents) is not static, it can move down.

And of course, there is the possibility of a recession.

 

[gn]

Even though it is approaching rental numbers, don't you guys think that this area could depreciate more?

Yes. And the reasons are:

1. In a correction, prices always over-correct.

2. At some point in the future, when prices are low enough, investors will scoop up these properties & put them on the market for rent, thus, increasing the rental supply & result in lower rents. So, the "floor" (i.e. rents) is not static, it can move down.

And of course, there is the possibility of a recession.

 

[gn]

Even though it is approaching rental numbers, don't you guys think that this area could depreciate more?

Yes. And the reasons are:

1. In a correction, prices always over-correct.

2. At some point in the future, when prices are low enough, investors will scoop up these properties & put them on the market for rent, thus, increasing the rental supply & result in lower rents. So, the "floor" (i.e. rents) is not static, it can move down.

And of course, there is the possibility of a recession.

 

[gn]

Even though it is approaching rental numbers, don't you guys think that this area could depreciate more?

Yes. And the reasons are:

1. In a correction, prices always over-correct.

2. At some point in the future, when prices are low enough, investors will scoop up these properties & put them on the market for rent, thus, increasing the rental supply & result in lower rents. So, the "floor" (i.e. rents) is not static, it can move down.

And of course, there is the possibility of a recession.

 

[gn]

Even though it is approaching rental numbers, don't you guys think that this area could depreciate more?

Yes. And the reasons are:

1. In a correction, prices always over-correct.

2. At some point in the future, when prices are low enough, investors will scoop up these properties & put them on the market for rent, thus, increasing the rental supply & result in lower rents. So, the "floor" (i.e. rents) is not static, it can move down.

And of course, there is the possibility of a recession.

 

[gn]

Washington Mutual ==> Washington Mutually screwed (both buyer & lender)

[gn]

Washington Mutual ==> Washington Mutually screwed (both buyer & lender)

[gn]

Washington Mutual ==> Washington Mutually screwed (both buyer & lender)

[gn]

Washington Mutual ==> Washington Mutually screwed (both buyer & lender)

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