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This is JMHO – but influenced by what most economists are saying.

The smugness of the salespeople’s attitude will change by year’s end when instead of reducing it now slightly, they will reduce it a lot later on.

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This is JMHO – but influenced by what most economists are saying.

The smugness of the salespeople’s attitude will change by year’s end when instead of reducing it now slightly, they will reduce it a lot later on.

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For some reason I thought builders take out construction loans over a certain period of time that eventually needs to get paid. Over however many developments and units, I would think that would start adding up and bills piling up. Some units end up BOM. With increasing inventory and competing w/resale, you would think they would be eager to sell. Eventually they will have to pay the piper. Look at DR Horton liquidating in the Temecula/Riverside/San Bernardino area. Is San Diego next? Will other developers follow suit?

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For some reason I thought builders take out construction loans over a certain period of time that eventually needs to get paid. Over however many developments and units, I would think that would start adding up and bills piling up. Some units end up BOM. With increasing inventory and competing w/resale, you would think they would be eager to sell. Eventually they will have to pay the piper. Look at DR Horton liquidating in the Temecula/Riverside/San Bernardino area. Is San Diego next? Will other developers follow suit?

[jpinpb]

For some reason I thought builders take out construction loans over a certain period of time that eventually needs to get paid. Over however many developments and units, I would think that would start adding up and bills piling up. Some units end up BOM. With increasing inventory and competing w/resale, you would think they would be eager to sell. Eventually they will have to pay the piper. Look at DR Horton liquidating in the Temecula/Riverside/San Bernardino area. Is San Diego next? Will other developers follow suit?

[jpinpb]

For some reason I thought builders take out construction loans over a certain period of time that eventually needs to get paid. Over however many developments and units, I would think that would start adding up and bills piling up. Some units end up BOM. With increasing inventory and competing w/resale, you would think they would be eager to sell. Eventually they will have to pay the piper. Look at DR Horton liquidating in the Temecula/Riverside/San Bernardino area. Is San Diego next? Will other developers follow suit?

[jpinpb]

For some reason I thought builders take out construction loans over a certain period of time that eventually needs to get paid. Over however many developments and units, I would think that would start adding up and bills piling up. Some units end up BOM. With increasing inventory and competing w/resale, you would think they would be eager to sell. Eventually they will have to pay the piper. Look at DR Horton liquidating in the Temecula/Riverside/San Bernardino area. Is San Diego next? Will other developers follow suit?

[jpinpb]

Bugs – Thanks for your comment. For a minute reading through this forum, I thought I slipped into a Twilight Zone episode and I was back in time a few years ago. Was breaking into a cold sweat and thought all those economists saying on their most positive moments that it would be a year before there’s any recovery was just BS. My heart was beginning to race and I was beginning to hear the mantra from the Realtwhores about “Now’s the time to buy” again.

Thanks for the reality check. That’s right. Too much inventory and much more on the way. Everyone wants to buy, BUT few are qualified, so less demand. That can only mean one thing.

It is impressive to have a 20% drop in a year. It’s also impressive how you can’t bring the realtors down and they are perpetually positive on the market always. Astonishing.

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Bugs – Thanks for your comment. For a minute reading through this forum, I thought I slipped into a Twilight Zone episode and I was back in time a few years ago. Was breaking into a cold sweat and thought all those economists saying on their most positive moments that it would be a year before there’s any recovery was just BS. My heart was beginning to race and I was beginning to hear the mantra from the Realtwhores about “Now’s the time to buy” again.

Thanks for the reality check. That’s right. Too much inventory and much more on the way. Everyone wants to buy, BUT few are qualified, so less demand. That can only mean one thing.

It is impressive to have a 20% drop in a year. It’s also impressive how you can’t bring the realtors down and they are perpetually positive on the market always. Astonishing.

[jpinpb]

Bugs – Thanks for your comment. For a minute reading through this forum, I thought I slipped into a Twilight Zone episode and I was back in time a few years ago. Was breaking into a cold sweat and thought all those economists saying on their most positive moments that it would be a year before there’s any recovery was just BS. My heart was beginning to race and I was beginning to hear the mantra from the Realtwhores about “Now’s the time to buy” again.

Thanks for the reality check. That’s right. Too much inventory and much more on the way. Everyone wants to buy, BUT few are qualified, so less demand. That can only mean one thing.

It is impressive to have a 20% drop in a year. It’s also impressive how you can’t bring the realtors down and they are perpetually positive on the market always. Astonishing.

[jpinpb]

Bugs – Thanks for your comment. For a minute reading through this forum, I thought I slipped into a Twilight Zone episode and I was back in time a few years ago. Was breaking into a cold sweat and thought all those economists saying on their most positive moments that it would be a year before there’s any recovery was just BS. My heart was beginning to race and I was beginning to hear the mantra from the Realtwhores about “Now’s the time to buy” again.

Thanks for the reality check. That’s right. Too much inventory and much more on the way. Everyone wants to buy, BUT few are qualified, so less demand. That can only mean one thing.

It is impressive to have a 20% drop in a year. It’s also impressive how you can’t bring the realtors down and they are perpetually positive on the market always. Astonishing.

[jpinpb]

Bugs – Thanks for your comment. For a minute reading through this forum, I thought I slipped into a Twilight Zone episode and I was back in time a few years ago. Was breaking into a cold sweat and thought all those economists saying on their most positive moments that it would be a year before there’s any recovery was just BS. My heart was beginning to race and I was beginning to hear the mantra from the Realtwhores about “Now’s the time to buy” again.

Thanks for the reality check. That’s right. Too much inventory and much more on the way. Everyone wants to buy, BUT few are qualified, so less demand. That can only mean one thing.

It is impressive to have a 20% drop in a year. It’s also impressive how you can’t bring the realtors down and they are perpetually positive on the market always. Astonishing.

[jpinpb]

Re: Calculations

Where are you purchasing these homes and coming up w/these calculations?

If you purchase a condo, please don’t forget to include the HOAs, some are quite pricey.

If you are purchasing in a semi-new or new neighborhood, don’t forget to add in the calculation the Mello Rouse.

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Re: Calculations

Where are you purchasing these homes and coming up w/these calculations?

If you purchase a condo, please don’t forget to include the HOAs, some are quite pricey.

If you are purchasing in a semi-new or new neighborhood, don’t forget to add in the calculation the Mello Rouse.

[jpinpb]

Re: Calculations

Where are you purchasing these homes and coming up w/these calculations?

If you purchase a condo, please don’t forget to include the HOAs, some are quite pricey.

If you are purchasing in a semi-new or new neighborhood, don’t forget to add in the calculation the Mello Rouse.

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