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latesummer2008
ParticipantLatesummer2008 for S.D. County is more correct. And yes, prices are sticky in the coastal and higher end areas but will also come down. It all has to do with financing instruments. Alt-A, ARMs etc… Look for significant price drops in affluent areas STARTING in Late Summer 08′. be patient, they ARE coming. Plenty of buying opportunities in the future (2008 – 2012) depending on your location.
ParticipantLatesummer2008 for S.D. County is more correct. And yes, prices are sticky in the coastal and higher end areas but will also come down. It all has to do with financing instruments. Alt-A, ARMs etc… Look for significant price drops in affluent areas STARTING in Late Summer 08′. be patient, they ARE coming. Plenty of buying opportunities in the future (2008 – 2012) depending on your location.
ParticipantLatesummer2008 for S.D. County is more correct. And yes, prices are sticky in the coastal and higher end areas but will also come down. It all has to do with financing instruments. Alt-A, ARMs etc… Look for significant price drops in affluent areas STARTING in Late Summer 08′. be patient, they ARE coming. Plenty of buying opportunities in the future (2008 – 2012) depending on your location.
ParticipantLatesummer2008 for S.D. County is more correct. And yes, prices are sticky in the coastal and higher end areas but will also come down. It all has to do with financing instruments. Alt-A, ARMs etc… Look for significant price drops in affluent areas STARTING in Late Summer 08′. be patient, they ARE coming. Plenty of buying opportunities in the future (2008 – 2012) depending on your location.
ParticipantAlt-As and ARMS are pointed at coastal areas. Subprime has taken care of the outlying areas and the cancer is spreading inward. Many of these loans recast quicker than 5 or 7 years if the LTV reaches 110-125% In a declining market, that can cause a world of hurt quicker than one might think. Santa Monica, Brentwood, Beverly Hiils, Malibu and many of the affluent areas on the Westside of LA are now in the crosshairs.
I’m sure La Jolla, Coronado, Del Mar and others in San Diego are as well.
ParticipantAlt-As and ARMS are pointed at coastal areas. Subprime has taken care of the outlying areas and the cancer is spreading inward. Many of these loans recast quicker than 5 or 7 years if the LTV reaches 110-125% In a declining market, that can cause a world of hurt quicker than one might think. Santa Monica, Brentwood, Beverly Hiils, Malibu and many of the affluent areas on the Westside of LA are now in the crosshairs.
I’m sure La Jolla, Coronado, Del Mar and others in San Diego are as well.
ParticipantAlt-As and ARMS are pointed at coastal areas. Subprime has taken care of the outlying areas and the cancer is spreading inward. Many of these loans recast quicker than 5 or 7 years if the LTV reaches 110-125% In a declining market, that can cause a world of hurt quicker than one might think. Santa Monica, Brentwood, Beverly Hiils, Malibu and many of the affluent areas on the Westside of LA are now in the crosshairs.
I’m sure La Jolla, Coronado, Del Mar and others in San Diego are as well.
ParticipantAlt-As and ARMS are pointed at coastal areas. Subprime has taken care of the outlying areas and the cancer is spreading inward. Many of these loans recast quicker than 5 or 7 years if the LTV reaches 110-125% In a declining market, that can cause a world of hurt quicker than one might think. Santa Monica, Brentwood, Beverly Hiils, Malibu and many of the affluent areas on the Westside of LA are now in the crosshairs.
I’m sure La Jolla, Coronado, Del Mar and others in San Diego are as well.
ParticipantAlt-As and ARMS are pointed at coastal areas. Subprime has taken care of the outlying areas and the cancer is spreading inward. Many of these loans recast quicker than 5 or 7 years if the LTV reaches 110-125% In a declining market, that can cause a world of hurt quicker than one might think. Santa Monica, Brentwood, Beverly Hiils, Malibu and many of the affluent areas on the Westside of LA are now in the crosshairs.
I’m sure La Jolla, Coronado, Del Mar and others in San Diego are as well.
Participant47% Drop in next 5 years has been predicted in San Diego now. If that is the case, why catch a falling knife? Until we see inventory drop and sales volume picking up, prices will continue downward. Period. Besides, buyers are now becoming more educated about only buying foreclosures as “percieved” good purchases.
But are they really, if prices continue dropping over the next 5 years?
Participant47% Drop in next 5 years has been predicted in San Diego now. If that is the case, why catch a falling knife? Until we see inventory drop and sales volume picking up, prices will continue downward. Period. Besides, buyers are now becoming more educated about only buying foreclosures as “percieved” good purchases.
But are they really, if prices continue dropping over the next 5 years?
Participant47% Drop in next 5 years has been predicted in San Diego now. If that is the case, why catch a falling knife? Until we see inventory drop and sales volume picking up, prices will continue downward. Period. Besides, buyers are now becoming more educated about only buying foreclosures as “percieved” good purchases.
But are they really, if prices continue dropping over the next 5 years?
Participant47% Drop in next 5 years has been predicted in San Diego now. If that is the case, why catch a falling knife? Until we see inventory drop and sales volume picking up, prices will continue downward. Period. Besides, buyers are now becoming more educated about only buying foreclosures as “percieved” good purchases.
But are they really, if prices continue dropping over the next 5 years?
Participant47% Drop in next 5 years has been predicted in San Diego now. If that is the case, why catch a falling knife? Until we see inventory drop and sales volume picking up, prices will continue downward. Period. Besides, buyers are now becoming more educated about only buying foreclosures as “percieved” good purchases.
But are they really, if prices continue dropping over the next 5 years?
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