[JC]

SD Realtor, can i put on the spot and ask you how you feel about taking on clients that only want to pursue low-ball offers and in the 30 to 50% off range? I truly respect the viewpoints of you and the other realtors that are regular posters. (I’m singling you out because you were the one that responded to this thread).

To be clear about why I am asking — I am in no rush to buy, but I wouldn’t mind starting the hunt on the remote chance that I get luckier sooner rather than later. However, I wouldn’t want to go down this path yet if it would just be a total pain for a realtor.

I did enlist the help of a realtor last year and I was very clear up front about what I was looking for at the time (low ball offers in the 10 to 15% range). He told me he was fine with that. However, when I never got a response from an offer on a REO that had been on the market forever, I followed up directly with the agent handling the sale. To my surprise, she told me that my realtor had never submitted my offer). So, he obviously was not ok with my strategy.

I hope this makes sense and I hope I am not putting you on the spot too much. 🙂

[JC]

I think you may have found the winner! Good god – they clearly did not even attempt to do anything here. I think they would have been better off with “photo not submitted yet”.

[JC]

So, they started to remodel, but ran out of money??

P.S. That lawn is craptastic.

[JC]

Thanks for the responses. The REOs I’ve been watching are averaging a 5% drop in price every 2 to 3 weeks, but I suspect I would not get a response to a 50% off offer even though they will be there soon enough. (Oh, and these properties have been on the market a looong time).

I guess the sense of urgency to unload will change in due time.

Thanks again.

[JC]

I think this one is going to take a 50,000 gift card from Lowe’s to get sold at that price!

http://sandiego.craigslist.org/rfs/419868402.html

[JC]

Dude, Where’s My Bailout?

Seemed like a good time for a little levity. 🙂 I *think* most of you will enjoy this: http://www.businessweek.com/magazine/content/07_37/b4049050.htm

Enjoy the holiday!

[JC]

Got a new one for you. If this is upgraded, I’d hate to see the before photo.

http://sandiego.craigslist.org/rfs/410267338.html

[JC]

Sorry, clearly meant “place” not “plant”. I am not the world’s best typist.

Hmmm. Maybe if I brushed up on those skills I could earn more money. jk!

[JC]

For the record, the 65k figure is the average median income in San Diego.

As we know, housing is local. I picked that figure to illustrate why it would be so hard for the “average” person to buy a decent plant here with a conventional loan.

For those interested, here are more stats (you’ll note my original figure was generous).

As of 2006, there were 2,941,454 people, 1,067,846 households, and 663,449 families residing in the county. The population density was 259/km² (670/mi²). There were 1,118,410 housing units at an average density of 96/km² (248/mi²). The racial makeup of the county was 52.3% Non-Hispanic White, 5.6% Black or African American, 0.86% Native American, 10.2% Asian, 0.78% Pacific Islander, 13% from other races, and 5% from two or more races. 29.9% of the population were Hispanic or Latino of any race. [2] 67.0% spoke English, 21.9% Spanish, 3.1% Tagalog and 1.2% Vietnamese as their first language.

There were 994,677 households out of which 33.90% had children under the age of 18 living with them, 50.70% were married couples living together, 11.60% had a female householder with no husband present, and 33.30% were non-families. 24.20% of all households were made up of individuals and 7.90% had someone living alone who was 65 years of age or older. The average household size was 2.73 and the average family size was 3.29.

In the county the population was spread out with 25.70% under the age of 18, 11.30% from 18 to 24, 32.00% from 25 to 44, 19.80% from 45 to 64, and 11.20% who were 65 years of age or older. The median age was 33 years. For every 100 females there were 101.20 males. For every 100 females age 18 and over, there were 99.70 males.

The median income for a household in the county was $47,067, and the median income for a family was $53,438. Males had a median income of $36,952 versus $30,356 for females. The per capita income for the county was $22,926. About 8.90% of families and 12.40% of the population were below the poverty line, including 16.50% of those under age 18 and 6.80% of those age 65 or over.

[edit] Current estimates
According to estimates by the San Diego Association of Governments, the median household income of San Diego County in 2005 was $64,273 (not adjusted for inflation). When adjusted for inflation (1999 dollars; comparable to Census data above), the median household income was $52,192.

[JC]

Hawk, thanks for info and the video.

I have a few people I’d like to send that to. 🙂

[JC]

Hawk, thanks for info and the video.

I have a few people I’d like to send that to. 🙂

[JC]

Hawk, thanks for info and the video.

I have a few people I’d like to send that to. 🙂

[JC]

Hawk, really like the video.

Question for you: How well respected is Peter Schiff? I tried looking him up and I could not find anything substantial. I just found stuff about his father and the fact that he has been bearish on US econonmy for a long time.

The video is awesome as is, but might be even better with some quotes from some former bulls? (You do have lots of main stream media refs, so maybe not necessary).

[JC]

Hawk, really like the video.

Question for you: How well respected is Peter Schiff? I tried looking him up and I could not find anything substantial. I just found stuff about his father and the fact that he has been bearish on US econonmy for a long time.

The video is awesome as is, but might be even better with some quotes from some former bulls? (You do have lots of main stream media refs, so maybe not necessary).

[JC]

Hawk, really like the video.

Question for you: How well respected is Peter Schiff? I tried looking him up and I could not find anything substantial. I just found stuff about his father and the fact that he has been bearish on US econonmy for a long time.

The video is awesome as is, but might be even better with some quotes from some former bulls? (You do have lots of main stream media refs, so maybe not necessary).

[Author]

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