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February 9, 2009 at 9:27 AM in reply to: “A downward spiral thats tough 2 stop; it feeds on itself. 4closures encourage new 4closures & falling prices discourage buying” #343469February 9, 2009 at 9:27 AM in reply to: “A downward spiral thats tough 2 stop; it feeds on itself. 4closures encourage new 4closures & falling prices discourage buying” #343577
Huckleberry
ParticipantMy question is, what will be the scope of these mortgage write-downs?
Are they going to extend this relief all the way out to the borrower that purchased an 800K home in Pacific Beach or La Jolla that is now upside down by 150K?
Are they going to support the housing prices in the most over extended bubble areas too?
February 9, 2009 at 9:27 AM in reply to: “A downward spiral thats tough 2 stop; it feeds on itself. 4closures encourage new 4closures & falling prices discourage buying” #343605ParticipantMy question is, what will be the scope of these mortgage write-downs?
Are they going to extend this relief all the way out to the borrower that purchased an 800K home in Pacific Beach or La Jolla that is now upside down by 150K?
Are they going to support the housing prices in the most over extended bubble areas too?
February 9, 2009 at 9:27 AM in reply to: “A downward spiral thats tough 2 stop; it feeds on itself. 4closures encourage new 4closures & falling prices discourage buying” #343702ParticipantMy question is, what will be the scope of these mortgage write-downs?
Are they going to extend this relief all the way out to the borrower that purchased an 800K home in Pacific Beach or La Jolla that is now upside down by 150K?
Are they going to support the housing prices in the most over extended bubble areas too?
ParticipantMultiplepropert,
Good luck with that loan mod.
You’re welcome…
ParticipantMultiplepropert,
Good luck with that loan mod.
You’re welcome…
ParticipantMultiplepropert,
Good luck with that loan mod.
You’re welcome…
ParticipantMultiplepropert,
Good luck with that loan mod.
You’re welcome…
ParticipantMultiplepropert,
Good luck with that loan mod.
You’re welcome…
ParticipantThis will probably get even uglier in the next year as more condo project get complete and more inventory builds up.
“Developers who once snapped up downtown land with almost giddy abandon have retreated amid falling prices and low demand. Of the 22 condo buildings in which developers are offering units for sale, all but three have completed construction, and 1,549 condos remain unsold.
It would take more than five years to sell that many condos if the sluggish pace of sales during the past year were to continue, according to MarketPointe Realty Advisors, which tracks the new-home market.
The reason is that the $415,000 median price of a resale condo downtown during the third quarter was down more than 38 percent from its 2004 peak of $675,000, according to MDA DataQuick. Last month, the median dropped even further, to $377,500.”
http://sdhomes.signonsandiego.com/foreclosures_sandiego/downtown_downturn.php
ParticipantThis will probably get even uglier in the next year as more condo project get complete and more inventory builds up.
“Developers who once snapped up downtown land with almost giddy abandon have retreated amid falling prices and low demand. Of the 22 condo buildings in which developers are offering units for sale, all but three have completed construction, and 1,549 condos remain unsold.
It would take more than five years to sell that many condos if the sluggish pace of sales during the past year were to continue, according to MarketPointe Realty Advisors, which tracks the new-home market.
The reason is that the $415,000 median price of a resale condo downtown during the third quarter was down more than 38 percent from its 2004 peak of $675,000, according to MDA DataQuick. Last month, the median dropped even further, to $377,500.”
http://sdhomes.signonsandiego.com/foreclosures_sandiego/downtown_downturn.php
ParticipantThis will probably get even uglier in the next year as more condo project get complete and more inventory builds up.
“Developers who once snapped up downtown land with almost giddy abandon have retreated amid falling prices and low demand. Of the 22 condo buildings in which developers are offering units for sale, all but three have completed construction, and 1,549 condos remain unsold.
It would take more than five years to sell that many condos if the sluggish pace of sales during the past year were to continue, according to MarketPointe Realty Advisors, which tracks the new-home market.
The reason is that the $415,000 median price of a resale condo downtown during the third quarter was down more than 38 percent from its 2004 peak of $675,000, according to MDA DataQuick. Last month, the median dropped even further, to $377,500.”
http://sdhomes.signonsandiego.com/foreclosures_sandiego/downtown_downturn.php
ParticipantThis will probably get even uglier in the next year as more condo project get complete and more inventory builds up.
“Developers who once snapped up downtown land with almost giddy abandon have retreated amid falling prices and low demand. Of the 22 condo buildings in which developers are offering units for sale, all but three have completed construction, and 1,549 condos remain unsold.
It would take more than five years to sell that many condos if the sluggish pace of sales during the past year were to continue, according to MarketPointe Realty Advisors, which tracks the new-home market.
The reason is that the $415,000 median price of a resale condo downtown during the third quarter was down more than 38 percent from its 2004 peak of $675,000, according to MDA DataQuick. Last month, the median dropped even further, to $377,500.”
http://sdhomes.signonsandiego.com/foreclosures_sandiego/downtown_downturn.php
ParticipantThis will probably get even uglier in the next year as more condo project get complete and more inventory builds up.
“Developers who once snapped up downtown land with almost giddy abandon have retreated amid falling prices and low demand. Of the 22 condo buildings in which developers are offering units for sale, all but three have completed construction, and 1,549 condos remain unsold.
It would take more than five years to sell that many condos if the sluggish pace of sales during the past year were to continue, according to MarketPointe Realty Advisors, which tracks the new-home market.
The reason is that the $415,000 median price of a resale condo downtown during the third quarter was down more than 38 percent from its 2004 peak of $675,000, according to MDA DataQuick. Last month, the median dropped even further, to $377,500.”
http://sdhomes.signonsandiego.com/foreclosures_sandiego/downtown_downturn.php
Participanthttp://www.sdlookup.com/MLS-080071917-1209_Hueneme_10_San_Diego_Ca_92110
Are they selling the sunset or a home?
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