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little lady
ParticipantSorry for so many quotation marks, I got too excited and didn’t notice……ttfn
Participant“It appears that prices are already at 2004 levels in many parts of San Diego. I think Mr. Thornberg is living in a time warp.”
I am seeing some closer to ’03 prices already in my neck of
the woods…….but things are gettin snatched up!Participant“It appears that prices are already at 2004 levels in many parts of San Diego. I think Mr. Thornberg is living in a time warp.”
I am seeing some closer to ’03 prices already in my neck of
the woods…….but things are gettin snatched up!Participant“LS, with all due respect, why are posting about West LA on a San Diego board??? Nobody here is interested in Beverly Hills. I like your style, but I’m not sure why you’re posting here.”
It’s socal, its all relative……….
Participant“LS, with all due respect, why are posting about West LA on a San Diego board??? Nobody here is interested in Beverly Hills. I like your style, but I’m not sure why you’re posting here.”
It’s socal, its all relative……….
Participant“the source I go to for foreclosure #’s shows 604”
Wow, nice link oc renter thanks for the info!
Participant“the source I go to for foreclosure #’s shows 604”
Wow, nice link oc renter thanks for the info!
Participant“How much is a typical price cut on a foreclosure? Prices are still off-line with reality.”
I am not sure, but I called on one and it normally would list @ 460-470k. They told me they had 6 offers and mine would have to be at least over 400k(listed @ 409k). That the place had a “repaired cracked slab” and 25k in additional work needed. So my guess is, not much,at least until there are enough sales from them(foreclosures) to drive the market prices down.
Participant“How much is a typical price cut on a foreclosure? Prices are still off-line with reality.”
I am not sure, but I called on one and it normally would list @ 460-470k. They told me they had 6 offers and mine would have to be at least over 400k(listed @ 409k). That the place had a “repaired cracked slab” and 25k in additional work needed. So my guess is, not much,at least until there are enough sales from them(foreclosures) to drive the market prices down.
Participant“There also seems to be quite abit of propaganda out there but I suspect it is heavily distorted by younger more mobile people. From the time I graduated HS until I was 32, I moved 17 times in 15 years”
Could it be that the people who move alot (say military families) skew this number? (They can move every three years or so.) Therefore increasing the amount, to be more than is actually in the overall population….(hope you can follow me)
Participant“There also seems to be quite abit of propaganda out there but I suspect it is heavily distorted by younger more mobile people. From the time I graduated HS until I was 32, I moved 17 times in 15 years”
Could it be that the people who move alot (say military families) skew this number? (They can move every three years or so.) Therefore increasing the amount, to be more than is actually in the overall population….(hope you can follow me)
Participant“I know a few friends who want a bigger place but are STUCK in their homes because they cannot afford to upgrade even though they bought 7-10yrs ago.”
Exactly, even if your mortgage payment is the same, your taxes shoot from 2k to 10k (with all the hoa’s and 2% mello roos around). So why make your financial situation worse.
Participant“I know a few friends who want a bigger place but are STUCK in their homes because they cannot afford to upgrade even though they bought 7-10yrs ago.”
Exactly, even if your mortgage payment is the same, your taxes shoot from 2k to 10k (with all the hoa’s and 2% mello roos around). So why make your financial situation worse.
Participant“Not sure why everyone has conveniently overlooked the fact that most people don’t own a home for 30 years or even for 10 years.”
I always hear this, but infact every neighborhood I have lived in, has had the same neighbors for YEARS. I find this hard to believe.
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