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hipmatt
ParticipantTG, my experiences are completely different. I am seeing new listings come on the market with 2005 bubble prices. I am seeing sellers in denial and many basic tract homes priced above $200 per square foot. I was actually going to post a thread to get everyones opinions.
Take Crown Hill, which is way over valued. Most of the homes in there are still over $500k and many are nearly $700k. I am shocked, these homes have been on the market for months. What do the sellers think is going to happen?
From what I’ve seen, the desirable Bank owned homes that are priced well get MANY(I’ve seen about 5 properties that have had at least 20 offers) offers, and usually sell within 3 days of being on the market. I can only assume that all of the buyers are competing for these drastically reduced homes, while the clowns selling their McMansions for $650k will be victims of 2009.
ParticipantTG, my experiences are completely different. I am seeing new listings come on the market with 2005 bubble prices. I am seeing sellers in denial and many basic tract homes priced above $200 per square foot. I was actually going to post a thread to get everyones opinions.
Take Crown Hill, which is way over valued. Most of the homes in there are still over $500k and many are nearly $700k. I am shocked, these homes have been on the market for months. What do the sellers think is going to happen?
From what I’ve seen, the desirable Bank owned homes that are priced well get MANY(I’ve seen about 5 properties that have had at least 20 offers) offers, and usually sell within 3 days of being on the market. I can only assume that all of the buyers are competing for these drastically reduced homes, while the clowns selling their McMansions for $650k will be victims of 2009.
ParticipantTG, my experiences are completely different. I am seeing new listings come on the market with 2005 bubble prices. I am seeing sellers in denial and many basic tract homes priced above $200 per square foot. I was actually going to post a thread to get everyones opinions.
Take Crown Hill, which is way over valued. Most of the homes in there are still over $500k and many are nearly $700k. I am shocked, these homes have been on the market for months. What do the sellers think is going to happen?
From what I’ve seen, the desirable Bank owned homes that are priced well get MANY(I’ve seen about 5 properties that have had at least 20 offers) offers, and usually sell within 3 days of being on the market. I can only assume that all of the buyers are competing for these drastically reduced homes, while the clowns selling their McMansions for $650k will be victims of 2009.
ParticipantTG, my experiences are completely different. I am seeing new listings come on the market with 2005 bubble prices. I am seeing sellers in denial and many basic tract homes priced above $200 per square foot. I was actually going to post a thread to get everyones opinions.
Take Crown Hill, which is way over valued. Most of the homes in there are still over $500k and many are nearly $700k. I am shocked, these homes have been on the market for months. What do the sellers think is going to happen?
From what I’ve seen, the desirable Bank owned homes that are priced well get MANY(I’ve seen about 5 properties that have had at least 20 offers) offers, and usually sell within 3 days of being on the market. I can only assume that all of the buyers are competing for these drastically reduced homes, while the clowns selling their McMansions for $650k will be victims of 2009.
April 25, 2008 at 4:23 PM in reply to: The coming tidal wave: Bank sees 6.5 million foreclosures #194612Participantjust one question….
“When will be a good time to buy in san diego?”
sarcasm off..But seriously, with all of the compelling data indicative of further price drops, why do we keep asking this question?
NO, the housing correction didn’t happen over night. This will take years JUST LIKE all the other housing corrections.
I believe EX-SD has the time line as close as possible at this point. Really, we are still near the beginning. Just wait till the recession starts to affect things and people really start loosing jobs.
April 25, 2008 at 4:23 PM in reply to: The coming tidal wave: Bank sees 6.5 million foreclosures #194644Participantjust one question….
“When will be a good time to buy in san diego?”
sarcasm off..But seriously, with all of the compelling data indicative of further price drops, why do we keep asking this question?
NO, the housing correction didn’t happen over night. This will take years JUST LIKE all the other housing corrections.
I believe EX-SD has the time line as close as possible at this point. Really, we are still near the beginning. Just wait till the recession starts to affect things and people really start loosing jobs.
April 25, 2008 at 4:23 PM in reply to: The coming tidal wave: Bank sees 6.5 million foreclosures #194670Participantjust one question….
“When will be a good time to buy in san diego?”
sarcasm off..But seriously, with all of the compelling data indicative of further price drops, why do we keep asking this question?
NO, the housing correction didn’t happen over night. This will take years JUST LIKE all the other housing corrections.
I believe EX-SD has the time line as close as possible at this point. Really, we are still near the beginning. Just wait till the recession starts to affect things and people really start loosing jobs.
April 25, 2008 at 4:23 PM in reply to: The coming tidal wave: Bank sees 6.5 million foreclosures #194686Participantjust one question….
“When will be a good time to buy in san diego?”
sarcasm off..But seriously, with all of the compelling data indicative of further price drops, why do we keep asking this question?
NO, the housing correction didn’t happen over night. This will take years JUST LIKE all the other housing corrections.
I believe EX-SD has the time line as close as possible at this point. Really, we are still near the beginning. Just wait till the recession starts to affect things and people really start loosing jobs.
April 25, 2008 at 4:23 PM in reply to: The coming tidal wave: Bank sees 6.5 million foreclosures #194730Participantjust one question….
“When will be a good time to buy in san diego?”
sarcasm off..But seriously, with all of the compelling data indicative of further price drops, why do we keep asking this question?
NO, the housing correction didn’t happen over night. This will take years JUST LIKE all the other housing corrections.
I believe EX-SD has the time line as close as possible at this point. Really, we are still near the beginning. Just wait till the recession starts to affect things and people really start loosing jobs.
April 23, 2008 at 11:40 AM in reply to: California foreclosure “surge”: Up 327% from ’07 levels #193256ParticipantCheck out Peter Schiff’s newest video message…
http://europac.net/videomessage.aspApril 23, 2008 at 11:40 AM in reply to: California foreclosure “surge”: Up 327% from ’07 levels #193282ParticipantCheck out Peter Schiff’s newest video message…
http://europac.net/videomessage.aspApril 23, 2008 at 11:40 AM in reply to: California foreclosure “surge”: Up 327% from ’07 levels #193309ParticipantCheck out Peter Schiff’s newest video message…
http://europac.net/videomessage.aspApril 23, 2008 at 11:40 AM in reply to: California foreclosure “surge”: Up 327% from ’07 levels #193325ParticipantCheck out Peter Schiff’s newest video message…
http://europac.net/videomessage.aspApril 23, 2008 at 11:40 AM in reply to: California foreclosure “surge”: Up 327% from ’07 levels #193371ParticipantCheck out Peter Schiff’s newest video message…
http://europac.net/videomessage.asp -
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