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pemeliza
Participant“but there are plenty of examples of large drops that have already occurred.”
I agree. Here is one on the same street as you mentioned. The house isn’t fancy but all in all I think the buyer got a decent deal.
http://www.sdlookup.com/MLS-080080127-1457_Spyglass_Ct_Encinitas_CA_92024
It sold well under ’04 pricing. Can you find a deal like that now? Probably not. Maybe this fall …
Participant“but there are plenty of examples of large drops that have already occurred.”
I agree. Here is one on the same street as you mentioned. The house isn’t fancy but all in all I think the buyer got a decent deal.
http://www.sdlookup.com/MLS-080080127-1457_Spyglass_Ct_Encinitas_CA_92024
It sold well under ’04 pricing. Can you find a deal like that now? Probably not. Maybe this fall …
Participant“So far, innocent people have been punished because the Fed has forced rates on all fixed income products so low that savers have been absolutely sacrificed for the idiots who can’t spend within their means or who don’t make provisions for a bad economy. Imagine being an elderly retired person trying to live on their savings over the past decade — slaughtered!!!”
What is really ironic about this is that one of the dual mandates of the Federal Reserve is price stability. Obviously they have failed miserably on that count over the past decade.
Participant“So far, innocent people have been punished because the Fed has forced rates on all fixed income products so low that savers have been absolutely sacrificed for the idiots who can’t spend within their means or who don’t make provisions for a bad economy. Imagine being an elderly retired person trying to live on their savings over the past decade — slaughtered!!!”
What is really ironic about this is that one of the dual mandates of the Federal Reserve is price stability. Obviously they have failed miserably on that count over the past decade.
Participant“So far, innocent people have been punished because the Fed has forced rates on all fixed income products so low that savers have been absolutely sacrificed for the idiots who can’t spend within their means or who don’t make provisions for a bad economy. Imagine being an elderly retired person trying to live on their savings over the past decade — slaughtered!!!”
What is really ironic about this is that one of the dual mandates of the Federal Reserve is price stability. Obviously they have failed miserably on that count over the past decade.
Participant“So far, innocent people have been punished because the Fed has forced rates on all fixed income products so low that savers have been absolutely sacrificed for the idiots who can’t spend within their means or who don’t make provisions for a bad economy. Imagine being an elderly retired person trying to live on their savings over the past decade — slaughtered!!!”
What is really ironic about this is that one of the dual mandates of the Federal Reserve is price stability. Obviously they have failed miserably on that count over the past decade.
Participant“So far, innocent people have been punished because the Fed has forced rates on all fixed income products so low that savers have been absolutely sacrificed for the idiots who can’t spend within their means or who don’t make provisions for a bad economy. Imagine being an elderly retired person trying to live on their savings over the past decade — slaughtered!!!”
What is really ironic about this is that one of the dual mandates of the Federal Reserve is price stability. Obviously they have failed miserably on that count over the past decade.
ParticipantCA, I feel your pain. Unfortunately, there are only so many deals like this to go around. If everyone had a stab at this one it would likely sell for more than you want to pay anyway. Unlike a year ago, people are all over short sales now because as unlikely as they are to get the house it is still better than waiting around to get into a bidding war on a REO or worse yet deal with a delusional seller.
Yes, someone may end up with a below market price here but then again the bank might end up saying no anyway. There is always going to be someone out there that gets a better deal than you do.
I’m frustrated with how the market has turned right now as well. Even my agent is telling me to wait until the fall now! Problem is a lot of people seem to have the same idea.
ParticipantCA, I feel your pain. Unfortunately, there are only so many deals like this to go around. If everyone had a stab at this one it would likely sell for more than you want to pay anyway. Unlike a year ago, people are all over short sales now because as unlikely as they are to get the house it is still better than waiting around to get into a bidding war on a REO or worse yet deal with a delusional seller.
Yes, someone may end up with a below market price here but then again the bank might end up saying no anyway. There is always going to be someone out there that gets a better deal than you do.
I’m frustrated with how the market has turned right now as well. Even my agent is telling me to wait until the fall now! Problem is a lot of people seem to have the same idea.
ParticipantCA, I feel your pain. Unfortunately, there are only so many deals like this to go around. If everyone had a stab at this one it would likely sell for more than you want to pay anyway. Unlike a year ago, people are all over short sales now because as unlikely as they are to get the house it is still better than waiting around to get into a bidding war on a REO or worse yet deal with a delusional seller.
Yes, someone may end up with a below market price here but then again the bank might end up saying no anyway. There is always going to be someone out there that gets a better deal than you do.
I’m frustrated with how the market has turned right now as well. Even my agent is telling me to wait until the fall now! Problem is a lot of people seem to have the same idea.
ParticipantCA, I feel your pain. Unfortunately, there are only so many deals like this to go around. If everyone had a stab at this one it would likely sell for more than you want to pay anyway. Unlike a year ago, people are all over short sales now because as unlikely as they are to get the house it is still better than waiting around to get into a bidding war on a REO or worse yet deal with a delusional seller.
Yes, someone may end up with a below market price here but then again the bank might end up saying no anyway. There is always going to be someone out there that gets a better deal than you do.
I’m frustrated with how the market has turned right now as well. Even my agent is telling me to wait until the fall now! Problem is a lot of people seem to have the same idea.
ParticipantCA, I feel your pain. Unfortunately, there are only so many deals like this to go around. If everyone had a stab at this one it would likely sell for more than you want to pay anyway. Unlike a year ago, people are all over short sales now because as unlikely as they are to get the house it is still better than waiting around to get into a bidding war on a REO or worse yet deal with a delusional seller.
Yes, someone may end up with a below market price here but then again the bank might end up saying no anyway. There is always going to be someone out there that gets a better deal than you do.
I’m frustrated with how the market has turned right now as well. Even my agent is telling me to wait until the fall now! Problem is a lot of people seem to have the same idea.
ParticipantI think we all have to at least consider the possibility that we have entered an era of “permanent” low long term interest rates. I can’t even fathom a fed funds rate above 2-3% at this point. Look at Japan.
ParticipantI think we all have to at least consider the possibility that we have entered an era of “permanent” low long term interest rates. I can’t even fathom a fed funds rate above 2-3% at this point. Look at Japan.
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