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patientrenter
ParticipantThanks, kev. I’ll offer the best deal I’ve seen so far (apart from unapproved short sales, which I ignore):
25036 EL CARRIZO, Laguna Niguel, CA 92677. 11/18/07 2/2, 850sq ft, $299,900.
Description:
Pristine condition, upstairs, ready for move-in, wood floors, marble fireplace,private gated entry patio, inside laundry, 1 car garage, 1 carport. Vaulted… moreIt’s a good area. Agent had an offer for $270K last I checked. I hope for lots more in 2008.
Patient renter in OC
ParticipantThanks, kev. I’ll offer the best deal I’ve seen so far (apart from unapproved short sales, which I ignore):
25036 EL CARRIZO, Laguna Niguel, CA 92677. 11/18/07 2/2, 850sq ft, $299,900.
Description:
Pristine condition, upstairs, ready for move-in, wood floors, marble fireplace,private gated entry patio, inside laundry, 1 car garage, 1 carport. Vaulted… moreIt’s a good area. Agent had an offer for $270K last I checked. I hope for lots more in 2008.
Patient renter in OC
ParticipantThanks, kev. I’ll offer the best deal I’ve seen so far (apart from unapproved short sales, which I ignore):
25036 EL CARRIZO, Laguna Niguel, CA 92677. 11/18/07 2/2, 850sq ft, $299,900.
Description:
Pristine condition, upstairs, ready for move-in, wood floors, marble fireplace,private gated entry patio, inside laundry, 1 car garage, 1 carport. Vaulted… moreIt’s a good area. Agent had an offer for $270K last I checked. I hope for lots more in 2008.
Patient renter in OC
Participantkev, I am watching (low-end) condos in south OC. Lake Forest is the price leader, and SJC, MV and RSM come next. All of the low-priced properties are distressed. However, they are not yet good deals. 90% of the cheap properties are in bad areas. South OC has only tiny pockets that are bad, but that’s where most of the cheap prices are, so far.
I have seen one or two low prices in decent areas, and I expect to see more in 2008. I haven’t seen much of note yet. A real volume of genuinely low prices in good areas will come from the distressed inventory, but from what I see it’s going slowly so far.
Hsve you seen any genuinely good deals yet?
Patient renter in OC
Participantkev, I am watching (low-end) condos in south OC. Lake Forest is the price leader, and SJC, MV and RSM come next. All of the low-priced properties are distressed. However, they are not yet good deals. 90% of the cheap properties are in bad areas. South OC has only tiny pockets that are bad, but that’s where most of the cheap prices are, so far.
I have seen one or two low prices in decent areas, and I expect to see more in 2008. I haven’t seen much of note yet. A real volume of genuinely low prices in good areas will come from the distressed inventory, but from what I see it’s going slowly so far.
Hsve you seen any genuinely good deals yet?
Patient renter in OC
Participantkev, I am watching (low-end) condos in south OC. Lake Forest is the price leader, and SJC, MV and RSM come next. All of the low-priced properties are distressed. However, they are not yet good deals. 90% of the cheap properties are in bad areas. South OC has only tiny pockets that are bad, but that’s where most of the cheap prices are, so far.
I have seen one or two low prices in decent areas, and I expect to see more in 2008. I haven’t seen much of note yet. A real volume of genuinely low prices in good areas will come from the distressed inventory, but from what I see it’s going slowly so far.
Hsve you seen any genuinely good deals yet?
Patient renter in OC
Participantkev, I am watching (low-end) condos in south OC. Lake Forest is the price leader, and SJC, MV and RSM come next. All of the low-priced properties are distressed. However, they are not yet good deals. 90% of the cheap properties are in bad areas. South OC has only tiny pockets that are bad, but that’s where most of the cheap prices are, so far.
I have seen one or two low prices in decent areas, and I expect to see more in 2008. I haven’t seen much of note yet. A real volume of genuinely low prices in good areas will come from the distressed inventory, but from what I see it’s going slowly so far.
Hsve you seen any genuinely good deals yet?
Patient renter in OC
Participantkev, I am watching (low-end) condos in south OC. Lake Forest is the price leader, and SJC, MV and RSM come next. All of the low-priced properties are distressed. However, they are not yet good deals. 90% of the cheap properties are in bad areas. South OC has only tiny pockets that are bad, but that’s where most of the cheap prices are, so far.
I have seen one or two low prices in decent areas, and I expect to see more in 2008. I haven’t seen much of note yet. A real volume of genuinely low prices in good areas will come from the distressed inventory, but from what I see it’s going slowly so far.
Hsve you seen any genuinely good deals yet?
Patient renter in OC
December 31, 2007 at 3:08 PM in reply to: If you think the “Mother of all recessions” isn’t coming #126941ParticipantI agree with stan. Export-driven sectors of the economy (and there are some left) are doing well and should continue to do well. China and Japan and Korea and Germany and other exporters are still buying US securities. And if they stop, their exports will too, so they have a lot of incentive to continue.
On the margins, these foreign countries are tilting slightly away from the USD, and within the US they are tilting from safer bonds to riskier equity-type investments. But they have to keep buying lots of US securities if they want us to keep buying their goods, and they do still very much want that.
Between these foreigners anxious to keep exporting to us, and Congress and every pol and agency in DC and every state wanting the party to continue as long as possible, it’s unlikely to suddenly stop in 2008. There will be local catastrophes, just as homebuilders and sub-prime MBS were in 2007, but even a few of those alone don’t guarantee a depression.
Oh, and I still expect a 20% decrease in home prices here in OC in 2008.
Patient renter in OC
December 31, 2007 at 3:08 PM in reply to: If you think the “Mother of all recessions” isn’t coming #127101ParticipantI agree with stan. Export-driven sectors of the economy (and there are some left) are doing well and should continue to do well. China and Japan and Korea and Germany and other exporters are still buying US securities. And if they stop, their exports will too, so they have a lot of incentive to continue.
On the margins, these foreign countries are tilting slightly away from the USD, and within the US they are tilting from safer bonds to riskier equity-type investments. But they have to keep buying lots of US securities if they want us to keep buying their goods, and they do still very much want that.
Between these foreigners anxious to keep exporting to us, and Congress and every pol and agency in DC and every state wanting the party to continue as long as possible, it’s unlikely to suddenly stop in 2008. There will be local catastrophes, just as homebuilders and sub-prime MBS were in 2007, but even a few of those alone don’t guarantee a depression.
Oh, and I still expect a 20% decrease in home prices here in OC in 2008.
Patient renter in OC
December 31, 2007 at 3:08 PM in reply to: If you think the “Mother of all recessions” isn’t coming #127111ParticipantI agree with stan. Export-driven sectors of the economy (and there are some left) are doing well and should continue to do well. China and Japan and Korea and Germany and other exporters are still buying US securities. And if they stop, their exports will too, so they have a lot of incentive to continue.
On the margins, these foreign countries are tilting slightly away from the USD, and within the US they are tilting from safer bonds to riskier equity-type investments. But they have to keep buying lots of US securities if they want us to keep buying their goods, and they do still very much want that.
Between these foreigners anxious to keep exporting to us, and Congress and every pol and agency in DC and every state wanting the party to continue as long as possible, it’s unlikely to suddenly stop in 2008. There will be local catastrophes, just as homebuilders and sub-prime MBS were in 2007, but even a few of those alone don’t guarantee a depression.
Oh, and I still expect a 20% decrease in home prices here in OC in 2008.
Patient renter in OC
December 31, 2007 at 3:08 PM in reply to: If you think the “Mother of all recessions” isn’t coming #127179ParticipantI agree with stan. Export-driven sectors of the economy (and there are some left) are doing well and should continue to do well. China and Japan and Korea and Germany and other exporters are still buying US securities. And if they stop, their exports will too, so they have a lot of incentive to continue.
On the margins, these foreign countries are tilting slightly away from the USD, and within the US they are tilting from safer bonds to riskier equity-type investments. But they have to keep buying lots of US securities if they want us to keep buying their goods, and they do still very much want that.
Between these foreigners anxious to keep exporting to us, and Congress and every pol and agency in DC and every state wanting the party to continue as long as possible, it’s unlikely to suddenly stop in 2008. There will be local catastrophes, just as homebuilders and sub-prime MBS were in 2007, but even a few of those alone don’t guarantee a depression.
Oh, and I still expect a 20% decrease in home prices here in OC in 2008.
Patient renter in OC
December 31, 2007 at 3:08 PM in reply to: If you think the “Mother of all recessions” isn’t coming #127205ParticipantI agree with stan. Export-driven sectors of the economy (and there are some left) are doing well and should continue to do well. China and Japan and Korea and Germany and other exporters are still buying US securities. And if they stop, their exports will too, so they have a lot of incentive to continue.
On the margins, these foreign countries are tilting slightly away from the USD, and within the US they are tilting from safer bonds to riskier equity-type investments. But they have to keep buying lots of US securities if they want us to keep buying their goods, and they do still very much want that.
Between these foreigners anxious to keep exporting to us, and Congress and every pol and agency in DC and every state wanting the party to continue as long as possible, it’s unlikely to suddenly stop in 2008. There will be local catastrophes, just as homebuilders and sub-prime MBS were in 2007, but even a few of those alone don’t guarantee a depression.
Oh, and I still expect a 20% decrease in home prices here in OC in 2008.
Patient renter in OC
Participantsdr, why wouldn’t a smart middle-class European looking to buy a property in the US because of price, first convert a bunch of their Euro money to dollars now, and then wait out the expected US housing market downturn before converting those dollars into real property?
If they are motivated to buy now in the US by low prices, why wouldn’t they make an effort to buy at the lowest possible price? (I’m not talking about people in the beach-house-wealthy category.)
Patient renter in OC
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