[Sandi Egan]

What a great discussion topic.
I have mixed feelings towards single story houses. I like the absence of stairs but I don’t like ground-floor feeling in the bedrooms.

[Sandi Egan]

[quote=bsrsharma]Market seems to think so. If they actually shutdown, there may be very few mortgage originations (due to lack of secondary market liquidity and weakness in banks’ capital) and that will practically shutdown real estate market. The prices may tumble down much faster in such a scenario. It is probably not a wise move to buy RE now (though, it is a smart thing to sell, if one needs to sell in a time frame of year or two).[/quote]

An excellent point. If the bailout actually happens, the interest rates and downpayment requirements will spike and the qualified borrowers will be all but extinct.
This particular taxpayer is going to reward himself with a dirt-cheap mansion in CV in that scenario.

[Sandi Egan]

[quote=bsrsharma]Market seems to think so. If they actually shutdown, there may be very few mortgage originations (due to lack of secondary market liquidity and weakness in banks’ capital) and that will practically shutdown real estate market. The prices may tumble down much faster in such a scenario. It is probably not a wise move to buy RE now (though, it is a smart thing to sell, if one needs to sell in a time frame of year or two).[/quote]

An excellent point. If the bailout actually happens, the interest rates and downpayment requirements will spike and the qualified borrowers will be all but extinct.
This particular taxpayer is going to reward himself with a dirt-cheap mansion in CV in that scenario.

[Sandi Egan]

[quote=bsrsharma]Market seems to think so. If they actually shutdown, there may be very few mortgage originations (due to lack of secondary market liquidity and weakness in banks’ capital) and that will practically shutdown real estate market. The prices may tumble down much faster in such a scenario. It is probably not a wise move to buy RE now (though, it is a smart thing to sell, if one needs to sell in a time frame of year or two).[/quote]

An excellent point. If the bailout actually happens, the interest rates and downpayment requirements will spike and the qualified borrowers will be all but extinct.
This particular taxpayer is going to reward himself with a dirt-cheap mansion in CV in that scenario.

[Sandi Egan]

[quote=bsrsharma]Market seems to think so. If they actually shutdown, there may be very few mortgage originations (due to lack of secondary market liquidity and weakness in banks’ capital) and that will practically shutdown real estate market. The prices may tumble down much faster in such a scenario. It is probably not a wise move to buy RE now (though, it is a smart thing to sell, if one needs to sell in a time frame of year or two).[/quote]

An excellent point. If the bailout actually happens, the interest rates and downpayment requirements will spike and the qualified borrowers will be all but extinct.
This particular taxpayer is going to reward himself with a dirt-cheap mansion in CV in that scenario.

[Sandi Egan]

[quote=bsrsharma]Market seems to think so. If they actually shutdown, there may be very few mortgage originations (due to lack of secondary market liquidity and weakness in banks’ capital) and that will practically shutdown real estate market. The prices may tumble down much faster in such a scenario. It is probably not a wise move to buy RE now (though, it is a smart thing to sell, if one needs to sell in a time frame of year or two).[/quote]

An excellent point. If the bailout actually happens, the interest rates and downpayment requirements will spike and the qualified borrowers will be all but extinct.
This particular taxpayer is going to reward himself with a dirt-cheap mansion in CV in that scenario.

[Sandi Egan]

TG nailed it.

[quote=Ren]I’ll happily pay for the gas, no matter what I’m driving. Bring on the 400hp turbo.[/quote]
I’d subscribe to this statement too.

[Sandi Egan]

TG nailed it.

[quote=Ren]I’ll happily pay for the gas, no matter what I’m driving. Bring on the 400hp turbo.[/quote]
I’d subscribe to this statement too.

[Sandi Egan]

TG nailed it.

[quote=Ren]I’ll happily pay for the gas, no matter what I’m driving. Bring on the 400hp turbo.[/quote]
I’d subscribe to this statement too.

[Sandi Egan]

TG nailed it.

[quote=Ren]I’ll happily pay for the gas, no matter what I’m driving. Bring on the 400hp turbo.[/quote]
I’d subscribe to this statement too.

[Sandi Egan]

TG nailed it.

[quote=Ren]I’ll happily pay for the gas, no matter what I’m driving. Bring on the 400hp turbo.[/quote]
I’d subscribe to this statement too.

[Sandi Egan]

5yearwaiter, LAAFTERHOURS thanks for your input. I agree the prices will eventually get there, but here’s my logic:

1. Maybeck was the price leader for the 4S ranch. While many don’t like the alley homes, the effect on ppsf is undeniable.
2. Pasado is also a William Lyon development within several miles from Maybeck in the same zip code.
3. The builder will not allow the two developments directly compete with each other, so even if Maybeck completely stops selling, but Pasado does well, the prices in Maybeck will not drop any further

P.S. 5yearwaiter, I think it’s time you upgraded your username. You’ve been using it for more than a year 🙂

[Sandi Egan]

5yearwaiter, LAAFTERHOURS thanks for your input. I agree the prices will eventually get there, but here’s my logic:

1. Maybeck was the price leader for the 4S ranch. While many don’t like the alley homes, the effect on ppsf is undeniable.
2. Pasado is also a William Lyon development within several miles from Maybeck in the same zip code.
3. The builder will not allow the two developments directly compete with each other, so even if Maybeck completely stops selling, but Pasado does well, the prices in Maybeck will not drop any further

P.S. 5yearwaiter, I think it’s time you upgraded your username. You’ve been using it for more than a year 🙂

[Sandi Egan]

5yearwaiter, LAAFTERHOURS thanks for your input. I agree the prices will eventually get there, but here’s my logic:

1. Maybeck was the price leader for the 4S ranch. While many don’t like the alley homes, the effect on ppsf is undeniable.
2. Pasado is also a William Lyon development within several miles from Maybeck in the same zip code.
3. The builder will not allow the two developments directly compete with each other, so even if Maybeck completely stops selling, but Pasado does well, the prices in Maybeck will not drop any further

P.S. 5yearwaiter, I think it’s time you upgraded your username. You’ve been using it for more than a year 🙂

[Sandi Egan]

5yearwaiter, LAAFTERHOURS thanks for your input. I agree the prices will eventually get there, but here’s my logic:

1. Maybeck was the price leader for the 4S ranch. While many don’t like the alley homes, the effect on ppsf is undeniable.
2. Pasado is also a William Lyon development within several miles from Maybeck in the same zip code.
3. The builder will not allow the two developments directly compete with each other, so even if Maybeck completely stops selling, but Pasado does well, the prices in Maybeck will not drop any further

P.S. 5yearwaiter, I think it’s time you upgraded your username. You’ve been using it for more than a year 🙂

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