[jpinpb]

That’s what I was thinking. I would want the lower price on the house rather than upgrades, just to have the lower property tax. But of course the builder would rather give you upgrades or HOAs or MRs. There more in it for a builder because he has other homes to sell. That’s when you buy from a private party, they would be more willing to lower the price, you can offer to pay all closing, etc.

[jpinpb]

This is my opinion and I’ve been wrong plenty but for whatever M2C are worth, according to the sales history, the place sold in 1999 for 548k or so. What would be the normal appreciation were it not for the subprime loans and every evil thing associated w/it, the free money, the co-erced appraisers, the pressure put upon everyone to buy, buy, buy, etc. etc.

What would be normal appreciation in 9 years? Should property more than double? I don’t think so. I think that if the market is supposed to eventually adjust, however long that takes, that one should consider what the real value of a house would be w/normal appreciation, not spiked w/subprime juice. That’s what I do when I calculate whether it’s worth whatever they’re asking.

Some places are back down to 2001/2002 levels, before this subprime mess started. Prime properties, coastal properties are holding strong. Will they eventually adjust? Some say yes, others argue no.

I think places on the coast are still subject to the same lending standards and regardless of how much cash people say is floating around out there, I just don’t see people dropping hundreds of thousands of dollars on overpriced places. People don’t make money by throwing it away.

[jpinpb]

This is my opinion and I’ve been wrong plenty but for whatever M2C are worth, according to the sales history, the place sold in 1999 for 548k or so. What would be the normal appreciation were it not for the subprime loans and every evil thing associated w/it, the free money, the co-erced appraisers, the pressure put upon everyone to buy, buy, buy, etc. etc.

What would be normal appreciation in 9 years? Should property more than double? I don’t think so. I think that if the market is supposed to eventually adjust, however long that takes, that one should consider what the real value of a house would be w/normal appreciation, not spiked w/subprime juice. That’s what I do when I calculate whether it’s worth whatever they’re asking.

Some places are back down to 2001/2002 levels, before this subprime mess started. Prime properties, coastal properties are holding strong. Will they eventually adjust? Some say yes, others argue no.

I think places on the coast are still subject to the same lending standards and regardless of how much cash people say is floating around out there, I just don’t see people dropping hundreds of thousands of dollars on overpriced places. People don’t make money by throwing it away.

[jpinpb]

This is my opinion and I’ve been wrong plenty but for whatever M2C are worth, according to the sales history, the place sold in 1999 for 548k or so. What would be the normal appreciation were it not for the subprime loans and every evil thing associated w/it, the free money, the co-erced appraisers, the pressure put upon everyone to buy, buy, buy, etc. etc.

What would be normal appreciation in 9 years? Should property more than double? I don’t think so. I think that if the market is supposed to eventually adjust, however long that takes, that one should consider what the real value of a house would be w/normal appreciation, not spiked w/subprime juice. That’s what I do when I calculate whether it’s worth whatever they’re asking.

Some places are back down to 2001/2002 levels, before this subprime mess started. Prime properties, coastal properties are holding strong. Will they eventually adjust? Some say yes, others argue no.

I think places on the coast are still subject to the same lending standards and regardless of how much cash people say is floating around out there, I just don’t see people dropping hundreds of thousands of dollars on overpriced places. People don’t make money by throwing it away.

[jpinpb]

This is my opinion and I’ve been wrong plenty but for whatever M2C are worth, according to the sales history, the place sold in 1999 for 548k or so. What would be the normal appreciation were it not for the subprime loans and every evil thing associated w/it, the free money, the co-erced appraisers, the pressure put upon everyone to buy, buy, buy, etc. etc.

What would be normal appreciation in 9 years? Should property more than double? I don’t think so. I think that if the market is supposed to eventually adjust, however long that takes, that one should consider what the real value of a house would be w/normal appreciation, not spiked w/subprime juice. That’s what I do when I calculate whether it’s worth whatever they’re asking.

Some places are back down to 2001/2002 levels, before this subprime mess started. Prime properties, coastal properties are holding strong. Will they eventually adjust? Some say yes, others argue no.

I think places on the coast are still subject to the same lending standards and regardless of how much cash people say is floating around out there, I just don’t see people dropping hundreds of thousands of dollars on overpriced places. People don’t make money by throwing it away.

[jpinpb]

This is my opinion and I’ve been wrong plenty but for whatever M2C are worth, according to the sales history, the place sold in 1999 for 548k or so. What would be the normal appreciation were it not for the subprime loans and every evil thing associated w/it, the free money, the co-erced appraisers, the pressure put upon everyone to buy, buy, buy, etc. etc.

What would be normal appreciation in 9 years? Should property more than double? I don’t think so. I think that if the market is supposed to eventually adjust, however long that takes, that one should consider what the real value of a house would be w/normal appreciation, not spiked w/subprime juice. That’s what I do when I calculate whether it’s worth whatever they’re asking.

Some places are back down to 2001/2002 levels, before this subprime mess started. Prime properties, coastal properties are holding strong. Will they eventually adjust? Some say yes, others argue no.

I think places on the coast are still subject to the same lending standards and regardless of how much cash people say is floating around out there, I just don’t see people dropping hundreds of thousands of dollars on overpriced places. People don’t make money by throwing it away.

[jpinpb]

That’s something, to make all that money and have it disappear like that, just b/c living large, never thinking of tomorrow. WTH. There’s no tomorrow for these people and that’s why we’re in the mess we’re in. Consumers who are avarice.

[jpinpb]

That’s something, to make all that money and have it disappear like that, just b/c living large, never thinking of tomorrow. WTH. There’s no tomorrow for these people and that’s why we’re in the mess we’re in. Consumers who are avarice.

[jpinpb]

That’s something, to make all that money and have it disappear like that, just b/c living large, never thinking of tomorrow. WTH. There’s no tomorrow for these people and that’s why we’re in the mess we’re in. Consumers who are avarice.

[jpinpb]

That’s something, to make all that money and have it disappear like that, just b/c living large, never thinking of tomorrow. WTH. There’s no tomorrow for these people and that’s why we’re in the mess we’re in. Consumers who are avarice.

[jpinpb]

That’s something, to make all that money and have it disappear like that, just b/c living large, never thinking of tomorrow. WTH. There’s no tomorrow for these people and that’s why we’re in the mess we’re in. Consumers who are avarice.

[jpinpb]

A lot of these places were purchased by investors w/the sole intent to flip and make $$. How can they flip if the value is reduced everywhere. Who will buy? The credit lending will still be tight and now w/rules of 20% down and proving you can make the payments to qualify, there won’t be the flood to buy overpriced, unaffordable places as before.

Writing down the loan and fixing rates will help some of those who planned on being there for 10 years or so who didn’t get in over their heads on payments who aren’t owning multiple properties.

But how many of those are out there? Those people it will help. All the others gambling are still stuck, IMO – and may still end up being walkers.

[jpinpb]

A lot of these places were purchased by investors w/the sole intent to flip and make $$. How can they flip if the value is reduced everywhere. Who will buy? The credit lending will still be tight and now w/rules of 20% down and proving you can make the payments to qualify, there won’t be the flood to buy overpriced, unaffordable places as before.

Writing down the loan and fixing rates will help some of those who planned on being there for 10 years or so who didn’t get in over their heads on payments who aren’t owning multiple properties.

But how many of those are out there? Those people it will help. All the others gambling are still stuck, IMO – and may still end up being walkers.

[jpinpb]

A lot of these places were purchased by investors w/the sole intent to flip and make $$. How can they flip if the value is reduced everywhere. Who will buy? The credit lending will still be tight and now w/rules of 20% down and proving you can make the payments to qualify, there won’t be the flood to buy overpriced, unaffordable places as before.

Writing down the loan and fixing rates will help some of those who planned on being there for 10 years or so who didn’t get in over their heads on payments who aren’t owning multiple properties.

But how many of those are out there? Those people it will help. All the others gambling are still stuck, IMO – and may still end up being walkers.

[jpinpb]

A lot of these places were purchased by investors w/the sole intent to flip and make $$. How can they flip if the value is reduced everywhere. Who will buy? The credit lending will still be tight and now w/rules of 20% down and proving you can make the payments to qualify, there won’t be the flood to buy overpriced, unaffordable places as before.

Writing down the loan and fixing rates will help some of those who planned on being there for 10 years or so who didn’t get in over their heads on payments who aren’t owning multiple properties.

But how many of those are out there? Those people it will help. All the others gambling are still stuck, IMO – and may still end up being walkers.

[Author]

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