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jyurasek02
ParticipantIs there any way to use volume of houses on market and sales transactions to determine when the turning point is? Is the point at which volumes start deceases at a regular basis, and sales start increasing at a regular basis? In other words after about 4-6 months of steady constant increase or decrease, can this determine a bottom? I know that these statistics are very similar to the suply and demand of a market. How can you apply these to this current situation?
ParticipantIs there any way to use volume of houses on market and sales transactions to determine when the turning point is? Is the point at which volumes start deceases at a regular basis, and sales start increasing at a regular basis? In other words after about 4-6 months of steady constant increase or decrease, can this determine a bottom? I know that these statistics are very similar to the suply and demand of a market. How can you apply these to this current situation?
ParticipantIs there any way to use volume of houses on market and sales transactions to determine when the turning point is? Is the point at which volumes start deceases at a regular basis, and sales start increasing at a regular basis? In other words after about 4-6 months of steady constant increase or decrease, can this determine a bottom? I know that these statistics are very similar to the suply and demand of a market. How can you apply these to this current situation?
ParticipantIs there any way to use volume of houses on market and sales transactions to determine when the turning point is? Is the point at which volumes start deceases at a regular basis, and sales start increasing at a regular basis? In other words after about 4-6 months of steady constant increase or decrease, can this determine a bottom? I know that these statistics are very similar to the suply and demand of a market. How can you apply these to this current situation?
ParticipantCool. Thanks for the link. I guess since I don’t own yet, I want the fallout to be as bad as possible and for the gov not to step in and try to “bailout” any homeonwers that took on way too much debt than they should have. I guess for me I am attempting to be responsible and saving a downpayment to get a loan that I can actually afford on my salary.
ParticipantCool. Thanks for the link. I guess since I don’t own yet, I want the fallout to be as bad as possible and for the gov not to step in and try to “bailout” any homeonwers that took on way too much debt than they should have. I guess for me I am attempting to be responsible and saving a downpayment to get a loan that I can actually afford on my salary.
Participant“non-owner occupied purchases were 48%”
How/where do you get these numbers?ParticipantNobody else has anything to add??? I thought on this post there would be plenty of people that are real estate saavy and could give an opinion on the rent vs. buy analogy. Just because somebody else posted a similar link AFTER mine doesn’t mean mine is any less important…
Seriously, I am very interested to hear the thoughts of this issue. Please, experts…let us hear your analysis.
ParticipantNobody else has anything to add??? I thought on this post there would be plenty of people that are real estate saavy and could give an opinion on the rent vs. buy analogy. Just because somebody else posted a similar link AFTER mine doesn’t mean mine is any less important…
Seriously, I am very interested to hear the thoughts of this issue. Please, experts…let us hear your analysis.
ParticipantI like that way of thinking about it, however it doesn’t explain the way that people make money on rental properties. Typically in any market there are a number of properties that are not owner occupied and the owner generates an income off of these rental rates. It is understood that for a primary residence there is a premium to pay, however, if these prices stay too high, will the rental market be choked off becuase nobody see it plausable to purchase a rental property? What could be other outcomes of this gigantic delta of rental payments versus ownership on both primary and investment property. I refuse to believe that there is no way to make money on rentals in San Diego. Maybe it will just take more time for the market to get back to equilibrium.
Another thought I guess is that the premium of ownership is the money that must be put down to reduce the mortgage and in turn make in profitable to rent a property out. That would be a typical mortgage loan historically to put down 20-30% and pay on the remaining 70%. Maybe when you factor that out of the costs it could make you money.
ParticipantI like that way of thinking about it, however it doesn’t explain the way that people make money on rental properties. Typically in any market there are a number of properties that are not owner occupied and the owner generates an income off of these rental rates. It is understood that for a primary residence there is a premium to pay, however, if these prices stay too high, will the rental market be choked off becuase nobody see it plausable to purchase a rental property? What could be other outcomes of this gigantic delta of rental payments versus ownership on both primary and investment property. I refuse to believe that there is no way to make money on rentals in San Diego. Maybe it will just take more time for the market to get back to equilibrium.
Another thought I guess is that the premium of ownership is the money that must be put down to reduce the mortgage and in turn make in profitable to rent a property out. That would be a typical mortgage loan historically to put down 20-30% and pay on the remaining 70%. Maybe when you factor that out of the costs it could make you money.
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