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SD Realtor
Participantlepetit did you have your agent call the LA on this one? Kind of an interesting listing because the amount of debt held by the seller would imply a short sale however if they reduced the second loan balance then it will be a regular sale.
Anyways I don’t see you getting a view for 350 ppsf in CV. You will definitely see inventory at 350 ppsf though. You can even get a little bit below that but there will be a dropoff fast and they may not be of the quality with respect to proximity to backing up to busy streets and other issues like that. Especially with as many power lines as there are.
Participantlepetit did you have your agent call the LA on this one? Kind of an interesting listing because the amount of debt held by the seller would imply a short sale however if they reduced the second loan balance then it will be a regular sale.
Anyways I don’t see you getting a view for 350 ppsf in CV. You will definitely see inventory at 350 ppsf though. You can even get a little bit below that but there will be a dropoff fast and they may not be of the quality with respect to proximity to backing up to busy streets and other issues like that. Especially with as many power lines as there are.
Participantlepetit did you have your agent call the LA on this one? Kind of an interesting listing because the amount of debt held by the seller would imply a short sale however if they reduced the second loan balance then it will be a regular sale.
Anyways I don’t see you getting a view for 350 ppsf in CV. You will definitely see inventory at 350 ppsf though. You can even get a little bit below that but there will be a dropoff fast and they may not be of the quality with respect to proximity to backing up to busy streets and other issues like that. Especially with as many power lines as there are.
ParticipantThis home is already in escrow. Purchased in 2002 for 315k so many here would say it is overpriced compared to the standard thought process that getting 2001 pricijng is a good deal.
Cambridge is a decent community accept you get lots of background freeway noise so try to get a unit in the middle of the complex.
Pricing for this floorplan was a bit higher last year so the depreciation trend is continuing and there continue to be short sales in the complex as well.
So there is continued risk of depreciation in the complex however I don’t think that the driver will be the tons of shadow inventory you refer to. Not because it doesn’t exist but because the govt and institutions have become adept at not letting that crater the market so the flood will be a long slow trickle.
Higher interest rates will be the likely driver of pricing in the future as opposed to inventory.
ParticipantThis home is already in escrow. Purchased in 2002 for 315k so many here would say it is overpriced compared to the standard thought process that getting 2001 pricijng is a good deal.
Cambridge is a decent community accept you get lots of background freeway noise so try to get a unit in the middle of the complex.
Pricing for this floorplan was a bit higher last year so the depreciation trend is continuing and there continue to be short sales in the complex as well.
So there is continued risk of depreciation in the complex however I don’t think that the driver will be the tons of shadow inventory you refer to. Not because it doesn’t exist but because the govt and institutions have become adept at not letting that crater the market so the flood will be a long slow trickle.
Higher interest rates will be the likely driver of pricing in the future as opposed to inventory.
ParticipantThis home is already in escrow. Purchased in 2002 for 315k so many here would say it is overpriced compared to the standard thought process that getting 2001 pricijng is a good deal.
Cambridge is a decent community accept you get lots of background freeway noise so try to get a unit in the middle of the complex.
Pricing for this floorplan was a bit higher last year so the depreciation trend is continuing and there continue to be short sales in the complex as well.
So there is continued risk of depreciation in the complex however I don’t think that the driver will be the tons of shadow inventory you refer to. Not because it doesn’t exist but because the govt and institutions have become adept at not letting that crater the market so the flood will be a long slow trickle.
Higher interest rates will be the likely driver of pricing in the future as opposed to inventory.
ParticipantThis home is already in escrow. Purchased in 2002 for 315k so many here would say it is overpriced compared to the standard thought process that getting 2001 pricijng is a good deal.
Cambridge is a decent community accept you get lots of background freeway noise so try to get a unit in the middle of the complex.
Pricing for this floorplan was a bit higher last year so the depreciation trend is continuing and there continue to be short sales in the complex as well.
So there is continued risk of depreciation in the complex however I don’t think that the driver will be the tons of shadow inventory you refer to. Not because it doesn’t exist but because the govt and institutions have become adept at not letting that crater the market so the flood will be a long slow trickle.
Higher interest rates will be the likely driver of pricing in the future as opposed to inventory.
ParticipantThis home is already in escrow. Purchased in 2002 for 315k so many here would say it is overpriced compared to the standard thought process that getting 2001 pricijng is a good deal.
Cambridge is a decent community accept you get lots of background freeway noise so try to get a unit in the middle of the complex.
Pricing for this floorplan was a bit higher last year so the depreciation trend is continuing and there continue to be short sales in the complex as well.
So there is continued risk of depreciation in the complex however I don’t think that the driver will be the tons of shadow inventory you refer to. Not because it doesn’t exist but because the govt and institutions have become adept at not letting that crater the market so the flood will be a long slow trickle.
Higher interest rates will be the likely driver of pricing in the future as opposed to inventory.
ParticipantData I have a friend who did a little bit of that. He said he actually would see Darryl and the other guy Dave at the auctions he would go to all the time.
He said that if you do not have a good way to resell the product you get then you will get screwed. Thus having a second hand store is pretty essential. He tried to sell stuff on craigslist and it didn’t go well for him.
What he did have more success at was going to the auto auctions. Yards will auction off cars alot and if you are savy with autos then you can do well. He did okay with it but was also a car guru.
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On a serious note if I wanted to start a biz I would simply look at the factors that others look at. For instance, what is something in demand right now? What do we have alot of?
Well how about senior citizens? We have plenty of them. Lots of them need support. What can you think of to help them and earn some money in doing so?
What else is out there? I liked FLUs idea. How about you write an app that can show where registered sex offenders are at?
If you really think about it, there are alot of opportunities out there but they take time, energy and money to pursue.
ParticipantData I have a friend who did a little bit of that. He said he actually would see Darryl and the other guy Dave at the auctions he would go to all the time.
He said that if you do not have a good way to resell the product you get then you will get screwed. Thus having a second hand store is pretty essential. He tried to sell stuff on craigslist and it didn’t go well for him.
What he did have more success at was going to the auto auctions. Yards will auction off cars alot and if you are savy with autos then you can do well. He did okay with it but was also a car guru.
*******
On a serious note if I wanted to start a biz I would simply look at the factors that others look at. For instance, what is something in demand right now? What do we have alot of?
Well how about senior citizens? We have plenty of them. Lots of them need support. What can you think of to help them and earn some money in doing so?
What else is out there? I liked FLUs idea. How about you write an app that can show where registered sex offenders are at?
If you really think about it, there are alot of opportunities out there but they take time, energy and money to pursue.
ParticipantData I have a friend who did a little bit of that. He said he actually would see Darryl and the other guy Dave at the auctions he would go to all the time.
He said that if you do not have a good way to resell the product you get then you will get screwed. Thus having a second hand store is pretty essential. He tried to sell stuff on craigslist and it didn’t go well for him.
What he did have more success at was going to the auto auctions. Yards will auction off cars alot and if you are savy with autos then you can do well. He did okay with it but was also a car guru.
*******
On a serious note if I wanted to start a biz I would simply look at the factors that others look at. For instance, what is something in demand right now? What do we have alot of?
Well how about senior citizens? We have plenty of them. Lots of them need support. What can you think of to help them and earn some money in doing so?
What else is out there? I liked FLUs idea. How about you write an app that can show where registered sex offenders are at?
If you really think about it, there are alot of opportunities out there but they take time, energy and money to pursue.
ParticipantData I have a friend who did a little bit of that. He said he actually would see Darryl and the other guy Dave at the auctions he would go to all the time.
He said that if you do not have a good way to resell the product you get then you will get screwed. Thus having a second hand store is pretty essential. He tried to sell stuff on craigslist and it didn’t go well for him.
What he did have more success at was going to the auto auctions. Yards will auction off cars alot and if you are savy with autos then you can do well. He did okay with it but was also a car guru.
*******
On a serious note if I wanted to start a biz I would simply look at the factors that others look at. For instance, what is something in demand right now? What do we have alot of?
Well how about senior citizens? We have plenty of them. Lots of them need support. What can you think of to help them and earn some money in doing so?
What else is out there? I liked FLUs idea. How about you write an app that can show where registered sex offenders are at?
If you really think about it, there are alot of opportunities out there but they take time, energy and money to pursue.
ParticipantData I have a friend who did a little bit of that. He said he actually would see Darryl and the other guy Dave at the auctions he would go to all the time.
He said that if you do not have a good way to resell the product you get then you will get screwed. Thus having a second hand store is pretty essential. He tried to sell stuff on craigslist and it didn’t go well for him.
What he did have more success at was going to the auto auctions. Yards will auction off cars alot and if you are savy with autos then you can do well. He did okay with it but was also a car guru.
*******
On a serious note if I wanted to start a biz I would simply look at the factors that others look at. For instance, what is something in demand right now? What do we have alot of?
Well how about senior citizens? We have plenty of them. Lots of them need support. What can you think of to help them and earn some money in doing so?
What else is out there? I liked FLUs idea. How about you write an app that can show where registered sex offenders are at?
If you really think about it, there are alot of opportunities out there but they take time, energy and money to pursue.
March 10, 2011 at 9:09 AM in reply to: What is a better investment? Buy a house or buy mutual funds/stocks, etc? #675556ParticipantWould strongly agree with flu. I would not put house downpayment money into such a risk or at least have damn quick stops. As they say Past performance does not gaurantee anything.
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