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Reality
Participant[quote=SD Realtor]Pem that was a very good addition to the thread.
sdr two things:
“When I write things like this its just a bit of a wake up call for all the highly educated worker bees making 70 to 90K wondering how anyone can afford these prices. There are alot of people out there making alot more than you think.”
Yes you and I can say that over and over again but people do not like to hear that. Especially those in that category or a little higher.
Absolutely what I see at the auctions are much more in line with what you are saying as far as the number of homes going to trustee sale in the discussed category. Not even close. Being able to really see what actually goes to sale and what does not over the past 9 months has helped me to see what has happened but also what will happen.
Honestly the only hope for a major decline in the housing discussed here in this thread is for a major shock in interest rates.[/quote]
I’m still not buying it. Realtors who sell in higher priced areas will see more than their share of people with a lot of money. But as a percentage of the total poplulation it’s a very small number of people.
Trauma centers see a lot of traumas. That doesn’t make a trauma that common.
Participant[quote=SD Realtor]Pem that was a very good addition to the thread.
sdr two things:
“When I write things like this its just a bit of a wake up call for all the highly educated worker bees making 70 to 90K wondering how anyone can afford these prices. There are alot of people out there making alot more than you think.”
Yes you and I can say that over and over again but people do not like to hear that. Especially those in that category or a little higher.
Absolutely what I see at the auctions are much more in line with what you are saying as far as the number of homes going to trustee sale in the discussed category. Not even close. Being able to really see what actually goes to sale and what does not over the past 9 months has helped me to see what has happened but also what will happen.
Honestly the only hope for a major decline in the housing discussed here in this thread is for a major shock in interest rates.[/quote]
I’m still not buying it. Realtors who sell in higher priced areas will see more than their share of people with a lot of money. But as a percentage of the total poplulation it’s a very small number of people.
Trauma centers see a lot of traumas. That doesn’t make a trauma that common.
ParticipantThings are different here.
Just ask sdREALTOR.
ParticipantThings are different here.
Just ask sdREALTOR.
ParticipantThings are different here.
Just ask sdREALTOR.
ParticipantThings are different here.
Just ask sdREALTOR.
ParticipantThings are different here.
Just ask sdREALTOR.
Participant[quote=EconProf]I am somewhat familiar with North Park from being an investor there and glazing contractor in the neighborhood long ago. It is a cutsey house in a cutsey area that strongly appeals to a lot of people. The size fits the scaled-down living trend of many who want to shed possessions, yard-work, commuting, and want walkable neighborhoods. A lot of posters on this site don’t want to accept the verdict of the marketplace.[/quote]
Not all the evidence is in (foreclosures) to render a verdict.
Participant[quote=EconProf]I am somewhat familiar with North Park from being an investor there and glazing contractor in the neighborhood long ago. It is a cutsey house in a cutsey area that strongly appeals to a lot of people. The size fits the scaled-down living trend of many who want to shed possessions, yard-work, commuting, and want walkable neighborhoods. A lot of posters on this site don’t want to accept the verdict of the marketplace.[/quote]
Not all the evidence is in (foreclosures) to render a verdict.
Participant[quote=EconProf]I am somewhat familiar with North Park from being an investor there and glazing contractor in the neighborhood long ago. It is a cutsey house in a cutsey area that strongly appeals to a lot of people. The size fits the scaled-down living trend of many who want to shed possessions, yard-work, commuting, and want walkable neighborhoods. A lot of posters on this site don’t want to accept the verdict of the marketplace.[/quote]
Not all the evidence is in (foreclosures) to render a verdict.
Participant[quote=EconProf]I am somewhat familiar with North Park from being an investor there and glazing contractor in the neighborhood long ago. It is a cutsey house in a cutsey area that strongly appeals to a lot of people. The size fits the scaled-down living trend of many who want to shed possessions, yard-work, commuting, and want walkable neighborhoods. A lot of posters on this site don’t want to accept the verdict of the marketplace.[/quote]
Not all the evidence is in (foreclosures) to render a verdict.
Participant[quote=EconProf]I am somewhat familiar with North Park from being an investor there and glazing contractor in the neighborhood long ago. It is a cutsey house in a cutsey area that strongly appeals to a lot of people. The size fits the scaled-down living trend of many who want to shed possessions, yard-work, commuting, and want walkable neighborhoods. A lot of posters on this site don’t want to accept the verdict of the marketplace.[/quote]
Not all the evidence is in (foreclosures) to render a verdict.
Participant[quote=Eugene]According to Zillow, my house has gone up 150K in the last two months, and it stands at 210K above what I paid in January.
I keep an eye on comps and I can say with certainty that there’s zero chance of my house appraising or selling for what Zillow thinks it’s worth. But it’s a nice feeling nonetheless.[/quote]
It is nice to fantasize sometimes.
Participant[quote=Eugene]According to Zillow, my house has gone up 150K in the last two months, and it stands at 210K above what I paid in January.
I keep an eye on comps and I can say with certainty that there’s zero chance of my house appraising or selling for what Zillow thinks it’s worth. But it’s a nice feeling nonetheless.[/quote]
It is nice to fantasize sometimes.
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