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March 18, 2009 at 8:01 AM in reply to: I believe Home Prices (Most Places in San Diego) reached bottom or almost bottom #369288March 18, 2009 at 8:01 AM in reply to: I believe Home Prices (Most Places in San Diego) reached bottom or almost bottom #369454
Huckleberry
ParticipantPrivate equity RE investment firms is a different niche all together.
March 18, 2009 at 8:01 AM in reply to: I believe Home Prices (Most Places in San Diego) reached bottom or almost bottom #369495ParticipantPrivate equity RE investment firms is a different niche all together.
March 18, 2009 at 8:01 AM in reply to: I believe Home Prices (Most Places in San Diego) reached bottom or almost bottom #369612ParticipantPrivate equity RE investment firms is a different niche all together.
March 18, 2009 at 5:52 AM in reply to: I believe Home Prices (Most Places in San Diego) reached bottom or almost bottom #368806ParticipantThis is NOT an accurate account of what is happening.
1. Hedge funds are already saddled with HUGE losses related to CDO’s, why would they go out and start purchasing hard assets related to RE? They wouldn’t!
2. Hedge funds typically have an ROI around 20% annually. Unless they have run their risk modeling and it shows So. Cal. RE is going to go through a “V” shaped bottom and return to it’s bubblicious state in the next year, there is no way they would invest in houses.
3. Hedge funds do not invest in hard and illiquid assets. They have to be SUPER nimble in the markets. Hedge funds are day traders, not long term buy and hold investors.
4. These same principals hold true for money management companies, mutual funds, asset management company’s, holding corporations, etc…
This is hog wash!
March 18, 2009 at 5:52 AM in reply to: I believe Home Prices (Most Places in San Diego) reached bottom or almost bottom #369089ParticipantThis is NOT an accurate account of what is happening.
1. Hedge funds are already saddled with HUGE losses related to CDO’s, why would they go out and start purchasing hard assets related to RE? They wouldn’t!
2. Hedge funds typically have an ROI around 20% annually. Unless they have run their risk modeling and it shows So. Cal. RE is going to go through a “V” shaped bottom and return to it’s bubblicious state in the next year, there is no way they would invest in houses.
3. Hedge funds do not invest in hard and illiquid assets. They have to be SUPER nimble in the markets. Hedge funds are day traders, not long term buy and hold investors.
4. These same principals hold true for money management companies, mutual funds, asset management company’s, holding corporations, etc…
This is hog wash!
March 18, 2009 at 5:52 AM in reply to: I believe Home Prices (Most Places in San Diego) reached bottom or almost bottom #369254ParticipantThis is NOT an accurate account of what is happening.
1. Hedge funds are already saddled with HUGE losses related to CDO’s, why would they go out and start purchasing hard assets related to RE? They wouldn’t!
2. Hedge funds typically have an ROI around 20% annually. Unless they have run their risk modeling and it shows So. Cal. RE is going to go through a “V” shaped bottom and return to it’s bubblicious state in the next year, there is no way they would invest in houses.
3. Hedge funds do not invest in hard and illiquid assets. They have to be SUPER nimble in the markets. Hedge funds are day traders, not long term buy and hold investors.
4. These same principals hold true for money management companies, mutual funds, asset management company’s, holding corporations, etc…
This is hog wash!
March 18, 2009 at 5:52 AM in reply to: I believe Home Prices (Most Places in San Diego) reached bottom or almost bottom #369295ParticipantThis is NOT an accurate account of what is happening.
1. Hedge funds are already saddled with HUGE losses related to CDO’s, why would they go out and start purchasing hard assets related to RE? They wouldn’t!
2. Hedge funds typically have an ROI around 20% annually. Unless they have run their risk modeling and it shows So. Cal. RE is going to go through a “V” shaped bottom and return to it’s bubblicious state in the next year, there is no way they would invest in houses.
3. Hedge funds do not invest in hard and illiquid assets. They have to be SUPER nimble in the markets. Hedge funds are day traders, not long term buy and hold investors.
4. These same principals hold true for money management companies, mutual funds, asset management company’s, holding corporations, etc…
This is hog wash!
March 18, 2009 at 5:52 AM in reply to: I believe Home Prices (Most Places in San Diego) reached bottom or almost bottom #369410ParticipantThis is NOT an accurate account of what is happening.
1. Hedge funds are already saddled with HUGE losses related to CDO’s, why would they go out and start purchasing hard assets related to RE? They wouldn’t!
2. Hedge funds typically have an ROI around 20% annually. Unless they have run their risk modeling and it shows So. Cal. RE is going to go through a “V” shaped bottom and return to it’s bubblicious state in the next year, there is no way they would invest in houses.
3. Hedge funds do not invest in hard and illiquid assets. They have to be SUPER nimble in the markets. Hedge funds are day traders, not long term buy and hold investors.
4. These same principals hold true for money management companies, mutual funds, asset management company’s, holding corporations, etc…
This is hog wash!
ParticipantMac,
Agreed, hopefully some of these will come up for sale in nicer areas of SD such as PB, Mission and Ocean Beach, and Bay Park. Probability?
Hopefully, these FNMA properties won’t be like this one:
http://piggington.com/don039t_read_if_you_have_high_blood_pressureParticipantMac,
Agreed, hopefully some of these will come up for sale in nicer areas of SD such as PB, Mission and Ocean Beach, and Bay Park. Probability?
Hopefully, these FNMA properties won’t be like this one:
http://piggington.com/don039t_read_if_you_have_high_blood_pressureParticipantMac,
Agreed, hopefully some of these will come up for sale in nicer areas of SD such as PB, Mission and Ocean Beach, and Bay Park. Probability?
Hopefully, these FNMA properties won’t be like this one:
http://piggington.com/don039t_read_if_you_have_high_blood_pressureParticipantMac,
Agreed, hopefully some of these will come up for sale in nicer areas of SD such as PB, Mission and Ocean Beach, and Bay Park. Probability?
Hopefully, these FNMA properties won’t be like this one:
http://piggington.com/don039t_read_if_you_have_high_blood_pressureParticipantMac,
Agreed, hopefully some of these will come up for sale in nicer areas of SD such as PB, Mission and Ocean Beach, and Bay Park. Probability?
Hopefully, these FNMA properties won’t be like this one:
http://piggington.com/don039t_read_if_you_have_high_blood_pressureParticipantYea, sounds great but read the fine print on the “About Fannie Mae Homes”:
http://www.fanniemae.com/homepath/homebuyers/buying_fanniemaeowned.jhtml
This program is only for purchasing already foreclosed homes that Fannie Mae ownes.
A few may turn out to be good homes, but mostly junk I would be willing to bet, as they explicitly state “Fannie Mae sells each property “as is,” which means that the buyer accepts the property “as is.”
That is why no appraisal is required and high LTV allowed on one to multiple properties…
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