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April 22, 2008 at 10:41 AM in reply to: Existing home sales decline in March as housing slump continues #192318April 22, 2008 at 10:41 AM in reply to: Existing home sales decline in March as housing slump continues #192347
JWM in SD
Participant“I highly doubt our region has 15,000 buyers who are ready willing and able to pull the trigger in the next 6 months.”
But Bugs, what about all of those rich buyers that sdrealtor / SDRealtor / Rustico keep talking about this month who all have 20% down in cash from some “unknown” sources? Surely there are enough of “them” to ignite a V bottom recovery right??? Right???? Yeah, right.
Sarcasm Off.
April 22, 2008 at 10:41 AM in reply to: Existing home sales decline in March as housing slump continues #192374JWM in SD
Participant“I highly doubt our region has 15,000 buyers who are ready willing and able to pull the trigger in the next 6 months.”
But Bugs, what about all of those rich buyers that sdrealtor / SDRealtor / Rustico keep talking about this month who all have 20% down in cash from some “unknown” sources? Surely there are enough of “them” to ignite a V bottom recovery right??? Right???? Yeah, right.
Sarcasm Off.
April 22, 2008 at 10:41 AM in reply to: Existing home sales decline in March as housing slump continues #192392JWM in SD
Participant“I highly doubt our region has 15,000 buyers who are ready willing and able to pull the trigger in the next 6 months.”
But Bugs, what about all of those rich buyers that sdrealtor / SDRealtor / Rustico keep talking about this month who all have 20% down in cash from some “unknown” sources? Surely there are enough of “them” to ignite a V bottom recovery right??? Right???? Yeah, right.
Sarcasm Off.
April 22, 2008 at 10:41 AM in reply to: Existing home sales decline in March as housing slump continues #192435JWM in SD
Participant“I highly doubt our region has 15,000 buyers who are ready willing and able to pull the trigger in the next 6 months.”
But Bugs, what about all of those rich buyers that sdrealtor / SDRealtor / Rustico keep talking about this month who all have 20% down in cash from some “unknown” sources? Surely there are enough of “them” to ignite a V bottom recovery right??? Right???? Yeah, right.
Sarcasm Off.
April 21, 2008 at 4:37 PM in reply to: Interest Rate Time Bomb???? When will they have to rise? #191789JWM in SD
Participant“Therefore, if I can get 1996 prices for a home here along with low rates, then that is the ideal situation-as it would be for anyone.”
The implications are that the prices are going to go even lower than they currently are. I know, it’s even hard for me to believe that, but looking at the big picture, it is looking more likely than not.
Marion, I understand what you are saying and having seen what is happeing in Temecula / Murrieta upclose and personal a couple of weeks ago (saw some very nice properties for sale with the nicest one with a huge foreclosure auction sign in the window…corner lot too), I can understand how tempting it is. It is the one area that if you have a steady job with enough income to support it and don’t really plan on moving anywhere for a long time, you could justify the purchase. The key is having a stable income in that area and that is going to be bigger assumption than most think it is in the coming years.
April 21, 2008 at 4:37 PM in reply to: Interest Rate Time Bomb???? When will they have to rise? #191814JWM in SD
Participant“Therefore, if I can get 1996 prices for a home here along with low rates, then that is the ideal situation-as it would be for anyone.”
The implications are that the prices are going to go even lower than they currently are. I know, it’s even hard for me to believe that, but looking at the big picture, it is looking more likely than not.
Marion, I understand what you are saying and having seen what is happeing in Temecula / Murrieta upclose and personal a couple of weeks ago (saw some very nice properties for sale with the nicest one with a huge foreclosure auction sign in the window…corner lot too), I can understand how tempting it is. It is the one area that if you have a steady job with enough income to support it and don’t really plan on moving anywhere for a long time, you could justify the purchase. The key is having a stable income in that area and that is going to be bigger assumption than most think it is in the coming years.
April 21, 2008 at 4:37 PM in reply to: Interest Rate Time Bomb???? When will they have to rise? #191843JWM in SD
Participant“Therefore, if I can get 1996 prices for a home here along with low rates, then that is the ideal situation-as it would be for anyone.”
The implications are that the prices are going to go even lower than they currently are. I know, it’s even hard for me to believe that, but looking at the big picture, it is looking more likely than not.
Marion, I understand what you are saying and having seen what is happeing in Temecula / Murrieta upclose and personal a couple of weeks ago (saw some very nice properties for sale with the nicest one with a huge foreclosure auction sign in the window…corner lot too), I can understand how tempting it is. It is the one area that if you have a steady job with enough income to support it and don’t really plan on moving anywhere for a long time, you could justify the purchase. The key is having a stable income in that area and that is going to be bigger assumption than most think it is in the coming years.
April 21, 2008 at 4:37 PM in reply to: Interest Rate Time Bomb???? When will they have to rise? #191862JWM in SD
Participant“Therefore, if I can get 1996 prices for a home here along with low rates, then that is the ideal situation-as it would be for anyone.”
The implications are that the prices are going to go even lower than they currently are. I know, it’s even hard for me to believe that, but looking at the big picture, it is looking more likely than not.
Marion, I understand what you are saying and having seen what is happeing in Temecula / Murrieta upclose and personal a couple of weeks ago (saw some very nice properties for sale with the nicest one with a huge foreclosure auction sign in the window…corner lot too), I can understand how tempting it is. It is the one area that if you have a steady job with enough income to support it and don’t really plan on moving anywhere for a long time, you could justify the purchase. The key is having a stable income in that area and that is going to be bigger assumption than most think it is in the coming years.
April 21, 2008 at 4:37 PM in reply to: Interest Rate Time Bomb???? When will they have to rise? #191906JWM in SD
Participant“Therefore, if I can get 1996 prices for a home here along with low rates, then that is the ideal situation-as it would be for anyone.”
The implications are that the prices are going to go even lower than they currently are. I know, it’s even hard for me to believe that, but looking at the big picture, it is looking more likely than not.
Marion, I understand what you are saying and having seen what is happeing in Temecula / Murrieta upclose and personal a couple of weeks ago (saw some very nice properties for sale with the nicest one with a huge foreclosure auction sign in the window…corner lot too), I can understand how tempting it is. It is the one area that if you have a steady job with enough income to support it and don’t really plan on moving anywhere for a long time, you could justify the purchase. The key is having a stable income in that area and that is going to be bigger assumption than most think it is in the coming years.
April 21, 2008 at 10:44 AM in reply to: Interest Rate Time Bomb???? When will they have to rise? #191413JWM in SD
Participant“…but property tax will be what the last owner paid if that was higher, until you get them to reassessed. So the property tax argument is moot.”
Well, that is a valid point. However, if you think about that carefully, it would result in more polarization of the buyers. It would seem to me that that would be a major detterent to buying even in a favorable market since it would increase cost of ownership so much that I can’t believe that there wouldn’t be a major incentive to get the property re-assessed…otherwise selling it could be a problem if the property in question is 25 to 50% less than its last assessed value.
Maybe I’m just too binary minded π
April 21, 2008 at 10:44 AM in reply to: Interest Rate Time Bomb???? When will they have to rise? #191438JWM in SD
Participant“…but property tax will be what the last owner paid if that was higher, until you get them to reassessed. So the property tax argument is moot.”
Well, that is a valid point. However, if you think about that carefully, it would result in more polarization of the buyers. It would seem to me that that would be a major detterent to buying even in a favorable market since it would increase cost of ownership so much that I can’t believe that there wouldn’t be a major incentive to get the property re-assessed…otherwise selling it could be a problem if the property in question is 25 to 50% less than its last assessed value.
Maybe I’m just too binary minded π
April 21, 2008 at 10:44 AM in reply to: Interest Rate Time Bomb???? When will they have to rise? #191469JWM in SD
Participant“…but property tax will be what the last owner paid if that was higher, until you get them to reassessed. So the property tax argument is moot.”
Well, that is a valid point. However, if you think about that carefully, it would result in more polarization of the buyers. It would seem to me that that would be a major detterent to buying even in a favorable market since it would increase cost of ownership so much that I can’t believe that there wouldn’t be a major incentive to get the property re-assessed…otherwise selling it could be a problem if the property in question is 25 to 50% less than its last assessed value.
Maybe I’m just too binary minded π
April 21, 2008 at 10:44 AM in reply to: Interest Rate Time Bomb???? When will they have to rise? #191487JWM in SD
Participant“…but property tax will be what the last owner paid if that was higher, until you get them to reassessed. So the property tax argument is moot.”
Well, that is a valid point. However, if you think about that carefully, it would result in more polarization of the buyers. It would seem to me that that would be a major detterent to buying even in a favorable market since it would increase cost of ownership so much that I can’t believe that there wouldn’t be a major incentive to get the property re-assessed…otherwise selling it could be a problem if the property in question is 25 to 50% less than its last assessed value.
Maybe I’m just too binary minded π
April 21, 2008 at 10:44 AM in reply to: Interest Rate Time Bomb???? When will they have to rise? #191530JWM in SD
Participant“…but property tax will be what the last owner paid if that was higher, until you get them to reassessed. So the property tax argument is moot.”
Well, that is a valid point. However, if you think about that carefully, it would result in more polarization of the buyers. It would seem to me that that would be a major detterent to buying even in a favorable market since it would increase cost of ownership so much that I can’t believe that there wouldn’t be a major incentive to get the property re-assessed…otherwise selling it could be a problem if the property in question is 25 to 50% less than its last assessed value.
Maybe I’m just too binary minded π
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