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kev374
ParticipantInflation is a big wildcard in this. If we have high inflation and no growth then that is stagflation and forget about the housing market in that case because there will be more serious issues like keeping yourself employed! Dirt cheap housing prices mean nothing if cost of commodities are skyrocketing (already happening unfortunately), pay is declining and you lose your job!!
ParticipantI believe distressed sale is when it is a short sale or NOT. NOD is just a notice of delinquency but the owner still has the option to get caught up.
In my view I think Rancho Santa Margarita is going to be in big trouble because that was among the areas that expanded the most in 2005-2006 when the use of exotic mortgages were at their peak.
ParticipantI believe distressed sale is when it is a short sale or NOT. NOD is just a notice of delinquency but the owner still has the option to get caught up.
In my view I think Rancho Santa Margarita is going to be in big trouble because that was among the areas that expanded the most in 2005-2006 when the use of exotic mortgages were at their peak.
ParticipantI believe distressed sale is when it is a short sale or NOT. NOD is just a notice of delinquency but the owner still has the option to get caught up.
In my view I think Rancho Santa Margarita is going to be in big trouble because that was among the areas that expanded the most in 2005-2006 when the use of exotic mortgages were at their peak.
ParticipantI believe distressed sale is when it is a short sale or NOT. NOD is just a notice of delinquency but the owner still has the option to get caught up.
In my view I think Rancho Santa Margarita is going to be in big trouble because that was among the areas that expanded the most in 2005-2006 when the use of exotic mortgages were at their peak.
ParticipantI believe distressed sale is when it is a short sale or NOT. NOD is just a notice of delinquency but the owner still has the option to get caught up.
In my view I think Rancho Santa Margarita is going to be in big trouble because that was among the areas that expanded the most in 2005-2006 when the use of exotic mortgages were at their peak.
ParticipantMy opinion is that the ones that have substantial equity are not part of the “must sell” inventory and these will not budge on their prices. They do not need to sell their properties and will do so only if they can realize substantial gains. Otherwise they will not bother.
Fortunately it’s the foreclosures, which is “must sell” inventory, that will set the comps.
The transactions that don’t materialize (i.e. sellers taking homes off the market or having prices too high) are totally irrelevant because they have no effect on the market comps.
ParticipantMy opinion is that the ones that have substantial equity are not part of the “must sell” inventory and these will not budge on their prices. They do not need to sell their properties and will do so only if they can realize substantial gains. Otherwise they will not bother.
Fortunately it’s the foreclosures, which is “must sell” inventory, that will set the comps.
The transactions that don’t materialize (i.e. sellers taking homes off the market or having prices too high) are totally irrelevant because they have no effect on the market comps.
ParticipantMy opinion is that the ones that have substantial equity are not part of the “must sell” inventory and these will not budge on their prices. They do not need to sell their properties and will do so only if they can realize substantial gains. Otherwise they will not bother.
Fortunately it’s the foreclosures, which is “must sell” inventory, that will set the comps.
The transactions that don’t materialize (i.e. sellers taking homes off the market or having prices too high) are totally irrelevant because they have no effect on the market comps.
ParticipantMy opinion is that the ones that have substantial equity are not part of the “must sell” inventory and these will not budge on their prices. They do not need to sell their properties and will do so only if they can realize substantial gains. Otherwise they will not bother.
Fortunately it’s the foreclosures, which is “must sell” inventory, that will set the comps.
The transactions that don’t materialize (i.e. sellers taking homes off the market or having prices too high) are totally irrelevant because they have no effect on the market comps.
ParticipantMy opinion is that the ones that have substantial equity are not part of the “must sell” inventory and these will not budge on their prices. They do not need to sell their properties and will do so only if they can realize substantial gains. Otherwise they will not bother.
Fortunately it’s the foreclosures, which is “must sell” inventory, that will set the comps.
The transactions that don’t materialize (i.e. sellers taking homes off the market or having prices too high) are totally irrelevant because they have no effect on the market comps.
ParticipantDon’t need to wait for the absolute bottom of this thing because the rate of decline is not uniform throughout the period.. maximum declines will take place 2008 and 2009, after that the rate of decline will drop drastically and taper out. My guess 2009 Q4 will be the optimum time to start shopping. That is 2 yrs from now, not too bad to prep up because the I’m thinking the losses would have been so great that the lending standards are going to be NO BS at that time.
Unless of course Uncle Ben starts running the printing presses again and inflates the currency but then purchasing a home is going to be the least of our problems!!!
ParticipantDon’t need to wait for the absolute bottom of this thing because the rate of decline is not uniform throughout the period.. maximum declines will take place 2008 and 2009, after that the rate of decline will drop drastically and taper out. My guess 2009 Q4 will be the optimum time to start shopping. That is 2 yrs from now, not too bad to prep up because the I’m thinking the losses would have been so great that the lending standards are going to be NO BS at that time.
Unless of course Uncle Ben starts running the printing presses again and inflates the currency but then purchasing a home is going to be the least of our problems!!!
ParticipantDon’t need to wait for the absolute bottom of this thing because the rate of decline is not uniform throughout the period.. maximum declines will take place 2008 and 2009, after that the rate of decline will drop drastically and taper out. My guess 2009 Q4 will be the optimum time to start shopping. That is 2 yrs from now, not too bad to prep up because the I’m thinking the losses would have been so great that the lending standards are going to be NO BS at that time.
Unless of course Uncle Ben starts running the printing presses again and inflates the currency but then purchasing a home is going to be the least of our problems!!!
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