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schizo2buyORnot
ParticipantHas anyone actually been out to Pienza in the last week or two to seek if these numbers are still good???
Pienza price per this current link
http://www.fieldstone-homes.com/availablehomes/Plan 2901 $709.0k
Plan 3212 $731.0K
Plan 3365 $740.0KI just lost out on a lowball offer in 4S on a foreclosure and am back to square one. At least the Pienza prices are starting to come down finally after being stubbornly sticky. I will have to drag myself back to the sales office this weekend but wanted to see if anyone had actual information from a recent visit. I don’t trust the online numbers, can you say “bait and switch”??
In search of a crystal ball . . . .
ParticipantHas anyone actually been out to Pienza in the last week or two to seek if these numbers are still good???
Pienza price per this current link
http://www.fieldstone-homes.com/availablehomes/Plan 2901 $709.0k
Plan 3212 $731.0K
Plan 3365 $740.0KI just lost out on a lowball offer in 4S on a foreclosure and am back to square one. At least the Pienza prices are starting to come down finally after being stubbornly sticky. I will have to drag myself back to the sales office this weekend but wanted to see if anyone had actual information from a recent visit. I don’t trust the online numbers, can you say “bait and switch”??
In search of a crystal ball . . . .
ParticipantHas anyone actually been out to Pienza in the last week or two to seek if these numbers are still good???
Pienza price per this current link
http://www.fieldstone-homes.com/availablehomes/Plan 2901 $709.0k
Plan 3212 $731.0K
Plan 3365 $740.0KI just lost out on a lowball offer in 4S on a foreclosure and am back to square one. At least the Pienza prices are starting to come down finally after being stubbornly sticky. I will have to drag myself back to the sales office this weekend but wanted to see if anyone had actual information from a recent visit. I don’t trust the online numbers, can you say “bait and switch”??
In search of a crystal ball . . . .
ParticipantHas anyone actually been out to Pienza in the last week or two to seek if these numbers are still good???
Pienza price per this current link
http://www.fieldstone-homes.com/availablehomes/Plan 2901 $709.0k
Plan 3212 $731.0K
Plan 3365 $740.0KI just lost out on a lowball offer in 4S on a foreclosure and am back to square one. At least the Pienza prices are starting to come down finally after being stubbornly sticky. I will have to drag myself back to the sales office this weekend but wanted to see if anyone had actual information from a recent visit. I don’t trust the online numbers, can you say “bait and switch”??
In search of a crystal ball . . . .
January 24, 2008 at 1:34 PM in reply to: We are now within 5% of BOTTOM in for $600K and up SD RE market. #142246ParticipantAhhh . . . . one amendment to my original list to start this thread.
11a. The Fed raises conforming loan limits from 417K to up to 700K in California. This along with the interest rate cuts from the Fed may completely negate the credit cruch effects with respect to non-subprime, non-Alt A, loans for buyers of homes priced $600K+ (part of my original list) in nicer areas. Not needing a Jumbo is like a full 1% rate cut on the mortgages for these buyers, a huge stimulative plus.
More than even the bottom looks near for this category (nice SFH $600K+). No sharp rebound, no new highs for many years, but no more significant downside (less than 5%) from here for SFH in nice areas currently valued at $600K+. If this is your target market you should be carefully assessing your options.
In search of a crystal ball . . . .
January 24, 2008 at 1:34 PM in reply to: We are now within 5% of BOTTOM in for $600K and up SD RE market. #142473ParticipantAhhh . . . . one amendment to my original list to start this thread.
11a. The Fed raises conforming loan limits from 417K to up to 700K in California. This along with the interest rate cuts from the Fed may completely negate the credit cruch effects with respect to non-subprime, non-Alt A, loans for buyers of homes priced $600K+ (part of my original list) in nicer areas. Not needing a Jumbo is like a full 1% rate cut on the mortgages for these buyers, a huge stimulative plus.
More than even the bottom looks near for this category (nice SFH $600K+). No sharp rebound, no new highs for many years, but no more significant downside (less than 5%) from here for SFH in nice areas currently valued at $600K+. If this is your target market you should be carefully assessing your options.
In search of a crystal ball . . . .
January 24, 2008 at 1:34 PM in reply to: We are now within 5% of BOTTOM in for $600K and up SD RE market. #142485ParticipantAhhh . . . . one amendment to my original list to start this thread.
11a. The Fed raises conforming loan limits from 417K to up to 700K in California. This along with the interest rate cuts from the Fed may completely negate the credit cruch effects with respect to non-subprime, non-Alt A, loans for buyers of homes priced $600K+ (part of my original list) in nicer areas. Not needing a Jumbo is like a full 1% rate cut on the mortgages for these buyers, a huge stimulative plus.
More than even the bottom looks near for this category (nice SFH $600K+). No sharp rebound, no new highs for many years, but no more significant downside (less than 5%) from here for SFH in nice areas currently valued at $600K+. If this is your target market you should be carefully assessing your options.
In search of a crystal ball . . . .
January 24, 2008 at 1:34 PM in reply to: We are now within 5% of BOTTOM in for $600K and up SD RE market. #142510ParticipantAhhh . . . . one amendment to my original list to start this thread.
11a. The Fed raises conforming loan limits from 417K to up to 700K in California. This along with the interest rate cuts from the Fed may completely negate the credit cruch effects with respect to non-subprime, non-Alt A, loans for buyers of homes priced $600K+ (part of my original list) in nicer areas. Not needing a Jumbo is like a full 1% rate cut on the mortgages for these buyers, a huge stimulative plus.
More than even the bottom looks near for this category (nice SFH $600K+). No sharp rebound, no new highs for many years, but no more significant downside (less than 5%) from here for SFH in nice areas currently valued at $600K+. If this is your target market you should be carefully assessing your options.
In search of a crystal ball . . . .
January 24, 2008 at 1:34 PM in reply to: We are now within 5% of BOTTOM in for $600K and up SD RE market. #142575ParticipantAhhh . . . . one amendment to my original list to start this thread.
11a. The Fed raises conforming loan limits from 417K to up to 700K in California. This along with the interest rate cuts from the Fed may completely negate the credit cruch effects with respect to non-subprime, non-Alt A, loans for buyers of homes priced $600K+ (part of my original list) in nicer areas. Not needing a Jumbo is like a full 1% rate cut on the mortgages for these buyers, a huge stimulative plus.
More than even the bottom looks near for this category (nice SFH $600K+). No sharp rebound, no new highs for many years, but no more significant downside (less than 5%) from here for SFH in nice areas currently valued at $600K+. If this is your target market you should be carefully assessing your options.
In search of a crystal ball . . . .
Participantocrenter,
For someone who is so meticulously into data you surprise me with your inability to grasp the simple point of my first post here a few days ago. The only point I made is that the erstwhile erudite prognostications (apparently not) of so many here are way off and pretty much detached from reality. As an example I sited one property that was put on the market at 925K, followed by the raft of PIG predictions (which were way off to the low side) by many who fancy themselves as having a clear vision as to how this will all play out, followed by an ACTUAL SALE which occured post sub-prime blow up. This apples to apples analysis simply illustrates how infused with emotion and biased the so call “predictions” of these types are. Your point “not fast enough?” is not even relevant. Sure the property listed for 925K and sold for 870K, a fairly decent decline. Duh! . . . prices have fallen and will continue to fall. My point was that the predictions were all way off which pretty much undermines and renders irrelevant the value of such “predictions” by persons who claim they can predict the future. They often are seen advising people “oh you’ll be able to buy that property for “X” (dollar sum) less in “Y” months from now.”
But . . . kudos to you (give credit where it is due) for your efforts posting “facts” for the most part about what the market is doing (as opposed to inane the sky is falling blather). That is useful and helpful.
In search of a crystal ball . . . .
Participantocrenter,
For someone who is so meticulously into data you surprise me with your inability to grasp the simple point of my first post here a few days ago. The only point I made is that the erstwhile erudite prognostications (apparently not) of so many here are way off and pretty much detached from reality. As an example I sited one property that was put on the market at 925K, followed by the raft of PIG predictions (which were way off to the low side) by many who fancy themselves as having a clear vision as to how this will all play out, followed by an ACTUAL SALE which occured post sub-prime blow up. This apples to apples analysis simply illustrates how infused with emotion and biased the so call “predictions” of these types are. Your point “not fast enough?” is not even relevant. Sure the property listed for 925K and sold for 870K, a fairly decent decline. Duh! . . . prices have fallen and will continue to fall. My point was that the predictions were all way off which pretty much undermines and renders irrelevant the value of such “predictions” by persons who claim they can predict the future. They often are seen advising people “oh you’ll be able to buy that property for “X” (dollar sum) less in “Y” months from now.”
But . . . kudos to you (give credit where it is due) for your efforts posting “facts” for the most part about what the market is doing (as opposed to inane the sky is falling blather). That is useful and helpful.
In search of a crystal ball . . . .
Participantocrenter,
For someone who is so meticulously into data you surprise me with your inability to grasp the simple point of my first post here a few days ago. The only point I made is that the erstwhile erudite prognostications (apparently not) of so many here are way off and pretty much detached from reality. As an example I sited one property that was put on the market at 925K, followed by the raft of PIG predictions (which were way off to the low side) by many who fancy themselves as having a clear vision as to how this will all play out, followed by an ACTUAL SALE which occured post sub-prime blow up. This apples to apples analysis simply illustrates how infused with emotion and biased the so call “predictions” of these types are. Your point “not fast enough?” is not even relevant. Sure the property listed for 925K and sold for 870K, a fairly decent decline. Duh! . . . prices have fallen and will continue to fall. My point was that the predictions were all way off which pretty much undermines and renders irrelevant the value of such “predictions” by persons who claim they can predict the future. They often are seen advising people “oh you’ll be able to buy that property for “X” (dollar sum) less in “Y” months from now.”
But . . . kudos to you (give credit where it is due) for your efforts posting “facts” for the most part about what the market is doing (as opposed to inane the sky is falling blather). That is useful and helpful.
In search of a crystal ball . . . .
Participantocrenter,
For someone who is so meticulously into data you surprise me with your inability to grasp the simple point of my first post here a few days ago. The only point I made is that the erstwhile erudite prognostications (apparently not) of so many here are way off and pretty much detached from reality. As an example I sited one property that was put on the market at 925K, followed by the raft of PIG predictions (which were way off to the low side) by many who fancy themselves as having a clear vision as to how this will all play out, followed by an ACTUAL SALE which occured post sub-prime blow up. This apples to apples analysis simply illustrates how infused with emotion and biased the so call “predictions” of these types are. Your point “not fast enough?” is not even relevant. Sure the property listed for 925K and sold for 870K, a fairly decent decline. Duh! . . . prices have fallen and will continue to fall. My point was that the predictions were all way off which pretty much undermines and renders irrelevant the value of such “predictions” by persons who claim they can predict the future. They often are seen advising people “oh you’ll be able to buy that property for “X” (dollar sum) less in “Y” months from now.”
But . . . kudos to you (give credit where it is due) for your efforts posting “facts” for the most part about what the market is doing (as opposed to inane the sky is falling blather). That is useful and helpful.
In search of a crystal ball . . . .
Participantocrenter,
For someone who is so meticulously into data you surprise me with your inability to grasp the simple point of my first post here a few days ago. The only point I made is that the erstwhile erudite prognostications (apparently not) of so many here are way off and pretty much detached from reality. As an example I sited one property that was put on the market at 925K, followed by the raft of PIG predictions (which were way off to the low side) by many who fancy themselves as having a clear vision as to how this will all play out, followed by an ACTUAL SALE which occured post sub-prime blow up. This apples to apples analysis simply illustrates how infused with emotion and biased the so call “predictions” of these types are. Your point “not fast enough?” is not even relevant. Sure the property listed for 925K and sold for 870K, a fairly decent decline. Duh! . . . prices have fallen and will continue to fall. My point was that the predictions were all way off which pretty much undermines and renders irrelevant the value of such “predictions” by persons who claim they can predict the future. They often are seen advising people “oh you’ll be able to buy that property for “X” (dollar sum) less in “Y” months from now.”
But . . . kudos to you (give credit where it is due) for your efforts posting “facts” for the most part about what the market is doing (as opposed to inane the sky is falling blather). That is useful and helpful.
In search of a crystal ball . . . .
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