[pemeliza]

“It depends on what you are talking about…
For a SFR in a good school district it is not a ton.
For a 2 BR apartment in Normal Heights, well maybe it is.”

The rental market has deteriorated substantially in the last year. Anyone making a decision on rent versus buy right now needs to do a serious and honest assessment of today’s rental market. There are some amazing deals out there right now.

[pemeliza]

“It depends on what you are talking about…
For a SFR in a good school district it is not a ton.
For a 2 BR apartment in Normal Heights, well maybe it is.”

The rental market has deteriorated substantially in the last year. Anyone making a decision on rent versus buy right now needs to do a serious and honest assessment of today’s rental market. There are some amazing deals out there right now.

[pemeliza]

“It depends on what you are talking about…
For a SFR in a good school district it is not a ton.
For a 2 BR apartment in Normal Heights, well maybe it is.”

The rental market has deteriorated substantially in the last year. Anyone making a decision on rent versus buy right now needs to do a serious and honest assessment of today’s rental market. There are some amazing deals out there right now.

[pemeliza]

$1500 is a TON of money to be paying for rent these days.

[pemeliza]

$1500 is a TON of money to be paying for rent these days.

[pemeliza]

$1500 is a TON of money to be paying for rent these days.

[pemeliza]

$1500 is a TON of money to be paying for rent these days.

[pemeliza]

$1500 is a TON of money to be paying for rent these days.

[pemeliza]

I wonder how the buyer of this one feels … lol

http://www.sdlookup.com/MLS-090063300-3777_10th_San_Diego_CA_92103

If anything this just shows you how out of touch with reality Zillow has gotten. Normally when a suspicious sale shows up, Zillow flags the sale price with a “*” and says that the price is not used in the Zestimate. If this mistake is not corrected, Zillow is going to hammer the “Zestimates” of nearby properties. This sales price is under $100 a foot.

With respect to the taxes, unless the buyer knows someone in high places the assessor is not going to rubber stamp this “sales price” as the assessed value.

[pemeliza]

I wonder how the buyer of this one feels … lol

http://www.sdlookup.com/MLS-090063300-3777_10th_San_Diego_CA_92103

If anything this just shows you how out of touch with reality Zillow has gotten. Normally when a suspicious sale shows up, Zillow flags the sale price with a “*” and says that the price is not used in the Zestimate. If this mistake is not corrected, Zillow is going to hammer the “Zestimates” of nearby properties. This sales price is under $100 a foot.

With respect to the taxes, unless the buyer knows someone in high places the assessor is not going to rubber stamp this “sales price” as the assessed value.

[pemeliza]

I wonder how the buyer of this one feels … lol

http://www.sdlookup.com/MLS-090063300-3777_10th_San_Diego_CA_92103

If anything this just shows you how out of touch with reality Zillow has gotten. Normally when a suspicious sale shows up, Zillow flags the sale price with a “*” and says that the price is not used in the Zestimate. If this mistake is not corrected, Zillow is going to hammer the “Zestimates” of nearby properties. This sales price is under $100 a foot.

With respect to the taxes, unless the buyer knows someone in high places the assessor is not going to rubber stamp this “sales price” as the assessed value.

[pemeliza]

I wonder how the buyer of this one feels … lol

http://www.sdlookup.com/MLS-090063300-3777_10th_San_Diego_CA_92103

If anything this just shows you how out of touch with reality Zillow has gotten. Normally when a suspicious sale shows up, Zillow flags the sale price with a “*” and says that the price is not used in the Zestimate. If this mistake is not corrected, Zillow is going to hammer the “Zestimates” of nearby properties. This sales price is under $100 a foot.

With respect to the taxes, unless the buyer knows someone in high places the assessor is not going to rubber stamp this “sales price” as the assessed value.

[pemeliza]

I wonder how the buyer of this one feels … lol

http://www.sdlookup.com/MLS-090063300-3777_10th_San_Diego_CA_92103

If anything this just shows you how out of touch with reality Zillow has gotten. Normally when a suspicious sale shows up, Zillow flags the sale price with a “*” and says that the price is not used in the Zestimate. If this mistake is not corrected, Zillow is going to hammer the “Zestimates” of nearby properties. This sales price is under $100 a foot.

With respect to the taxes, unless the buyer knows someone in high places the assessor is not going to rubber stamp this “sales price” as the assessed value.

[pemeliza]

“The only thing I think is not on the table is stability.”

It is funny Nor because I have been thinking the same thing for some time now.

The problem with the “stability” thesis is that the “underwater” owners that are still holding on are going to jump one way or another depending on economic news over the next couple of months. If the economy takes another leg down look out below. This whole housing “recovery” seems very very fragile right now. The only thing that is going to keep these owners from walking is if they are convinced that the housing recovery of the last 10 months or so is going to continue.

[pemeliza]

“The only thing I think is not on the table is stability.”

It is funny Nor because I have been thinking the same thing for some time now.

The problem with the “stability” thesis is that the “underwater” owners that are still holding on are going to jump one way or another depending on economic news over the next couple of months. If the economy takes another leg down look out below. This whole housing “recovery” seems very very fragile right now. The only thing that is going to keep these owners from walking is if they are convinced that the housing recovery of the last 10 months or so is going to continue.

[Author]

Posts