[pemeliza]

“However currently there are 19 homes active with 0 homes pending.”

I am seeing a similar situation in my area. In view of the recent move down in interest rates (the 10 year is 3.09 this morning), this dearth of activity is particularly telling. Is the market going to finally collapse despite near record low interest rates?

Edit: Interest rates are now at their lowest levels on record.

http://www.cnbc.com/id/37896661

[pemeliza]

“However currently there are 19 homes active with 0 homes pending.”

I am seeing a similar situation in my area. In view of the recent move down in interest rates (the 10 year is 3.09 this morning), this dearth of activity is particularly telling. Is the market going to finally collapse despite near record low interest rates?

Edit: Interest rates are now at their lowest levels on record.

http://www.cnbc.com/id/37896661

[pemeliza]

“However currently there are 19 homes active with 0 homes pending.”

I am seeing a similar situation in my area. In view of the recent move down in interest rates (the 10 year is 3.09 this morning), this dearth of activity is particularly telling. Is the market going to finally collapse despite near record low interest rates?

Edit: Interest rates are now at their lowest levels on record.

http://www.cnbc.com/id/37896661

[pemeliza]

jpinpb,

I personally like houses with very large and private outdoor living spaces and usually pay a premium for these amenities as long as the house meets my needs otherwise. I agree with some of the other posters if you can step up a little in price you can probably get a lot more house but then again you end up with a bigger payment, more upkeep, and higher taxes.

The only thing that would make me a little nervous is that prices in mission hills seem to be dropping pretty close to that price range and I think you would be getting a much better location.

Here is an example:

http://www.sdlookup.com/MLS-100025790-1836_Washington_Pl_San_Diego_CA_92103

[pemeliza]

jpinpb,

I personally like houses with very large and private outdoor living spaces and usually pay a premium for these amenities as long as the house meets my needs otherwise. I agree with some of the other posters if you can step up a little in price you can probably get a lot more house but then again you end up with a bigger payment, more upkeep, and higher taxes.

The only thing that would make me a little nervous is that prices in mission hills seem to be dropping pretty close to that price range and I think you would be getting a much better location.

Here is an example:

http://www.sdlookup.com/MLS-100025790-1836_Washington_Pl_San_Diego_CA_92103

[pemeliza]

jpinpb,

I personally like houses with very large and private outdoor living spaces and usually pay a premium for these amenities as long as the house meets my needs otherwise. I agree with some of the other posters if you can step up a little in price you can probably get a lot more house but then again you end up with a bigger payment, more upkeep, and higher taxes.

The only thing that would make me a little nervous is that prices in mission hills seem to be dropping pretty close to that price range and I think you would be getting a much better location.

Here is an example:

http://www.sdlookup.com/MLS-100025790-1836_Washington_Pl_San_Diego_CA_92103

[pemeliza]

jpinpb,

I personally like houses with very large and private outdoor living spaces and usually pay a premium for these amenities as long as the house meets my needs otherwise. I agree with some of the other posters if you can step up a little in price you can probably get a lot more house but then again you end up with a bigger payment, more upkeep, and higher taxes.

The only thing that would make me a little nervous is that prices in mission hills seem to be dropping pretty close to that price range and I think you would be getting a much better location.

Here is an example:

http://www.sdlookup.com/MLS-100025790-1836_Washington_Pl_San_Diego_CA_92103

[pemeliza]

jpinpb,

I personally like houses with very large and private outdoor living spaces and usually pay a premium for these amenities as long as the house meets my needs otherwise. I agree with some of the other posters if you can step up a little in price you can probably get a lot more house but then again you end up with a bigger payment, more upkeep, and higher taxes.

The only thing that would make me a little nervous is that prices in mission hills seem to be dropping pretty close to that price range and I think you would be getting a much better location.

Here is an example:

http://www.sdlookup.com/MLS-100025790-1836_Washington_Pl_San_Diego_CA_92103

[pemeliza]

“Across the life of the loan the banks borrowing costs are and will be well below the interest rate he is paying.”

That is a big assumption and is only true if the government subsidizes the bank with cheap money like they are now for the next 40 years. By the way I happen to agree with you. I think the banks and governments are telegraphing their next move which is to keep money for mortgages cheap forever. If they can’t borrow it, they will print it. All in the name of “keeping housing affordable” so people can realize the American dream. If I am correct, this “mandate” will be payed for by the government in the same way they pay for the other “entitlements” which is to say that they won’t be paid.

[pemeliza]

“Across the life of the loan the banks borrowing costs are and will be well below the interest rate he is paying.”

That is a big assumption and is only true if the government subsidizes the bank with cheap money like they are now for the next 40 years. By the way I happen to agree with you. I think the banks and governments are telegraphing their next move which is to keep money for mortgages cheap forever. If they can’t borrow it, they will print it. All in the name of “keeping housing affordable” so people can realize the American dream. If I am correct, this “mandate” will be payed for by the government in the same way they pay for the other “entitlements” which is to say that they won’t be paid.

[pemeliza]

“Across the life of the loan the banks borrowing costs are and will be well below the interest rate he is paying.”

That is a big assumption and is only true if the government subsidizes the bank with cheap money like they are now for the next 40 years. By the way I happen to agree with you. I think the banks and governments are telegraphing their next move which is to keep money for mortgages cheap forever. If they can’t borrow it, they will print it. All in the name of “keeping housing affordable” so people can realize the American dream. If I am correct, this “mandate” will be payed for by the government in the same way they pay for the other “entitlements” which is to say that they won’t be paid.

[pemeliza]

“Across the life of the loan the banks borrowing costs are and will be well below the interest rate he is paying.”

That is a big assumption and is only true if the government subsidizes the bank with cheap money like they are now for the next 40 years. By the way I happen to agree with you. I think the banks and governments are telegraphing their next move which is to keep money for mortgages cheap forever. If they can’t borrow it, they will print it. All in the name of “keeping housing affordable” so people can realize the American dream. If I am correct, this “mandate” will be payed for by the government in the same way they pay for the other “entitlements” which is to say that they won’t be paid.

[pemeliza]

“Across the life of the loan the banks borrowing costs are and will be well below the interest rate he is paying.”

That is a big assumption and is only true if the government subsidizes the bank with cheap money like they are now for the next 40 years. By the way I happen to agree with you. I think the banks and governments are telegraphing their next move which is to keep money for mortgages cheap forever. If they can’t borrow it, they will print it. All in the name of “keeping housing affordable” so people can realize the American dream. If I am correct, this “mandate” will be payed for by the government in the same way they pay for the other “entitlements” which is to say that they won’t be paid.

[pemeliza]

“We all just have to take a gamble and choose sides; they’ve left us no choice.”

Well spoken CAR.

[pemeliza]

“We all just have to take a gamble and choose sides; they’ve left us no choice.”

Well spoken CAR.

[Author]

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