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SD Realtor
ParticipantPert last thing… reotrans is not an all inclusive site…meaning there are lots of bank owned properties out there that are not in reo trans. LOTS… but reo trans does not have properties listed that are not lender owned.
SD Realtor
ParticipantPert last thing… reotrans is not an all inclusive site…meaning there are lots of bank owned properties out there that are not in reo trans. LOTS… but reo trans does not have properties listed that are not lender owned.
SD Realtor
ParticipantWatch the 10 year treasury yield. Then tack on a premium for the risk aversion of the secondary market.
If we have a recession or stay in the same economic strata of not giving a crap about how far the dollar craters then rates should stay in a narrow range. If we actually take action to try to deal with our outlandish deficit and regain some sort of respect for our currency then rates will go up. Given our spinelessness of those who forge economic policy I would bet on the former rather then the latter.
HLS have at it…
SD Realtor
ParticipantWatch the 10 year treasury yield. Then tack on a premium for the risk aversion of the secondary market.
If we have a recession or stay in the same economic strata of not giving a crap about how far the dollar craters then rates should stay in a narrow range. If we actually take action to try to deal with our outlandish deficit and regain some sort of respect for our currency then rates will go up. Given our spinelessness of those who forge economic policy I would bet on the former rather then the latter.
HLS have at it…
SD Realtor
ParticipantPert wrote –
“Then why, o water boy, does it tell you that they are all bank owned when you go to the site and register and everything? It certainly seems like the site sponsors are some kind of REO specialists? ”
Don’t believe everything you read online Pert.
I am a “specialist” at football picks. Unfortunately I went 0 for 2 last weekend.
SD Realtor
ParticipantPert wrote –
“Then why, o water boy, does it tell you that they are all bank owned when you go to the site and register and everything? It certainly seems like the site sponsors are some kind of REO specialists? ”
Don’t believe everything you read online Pert.
I am a “specialist” at football picks. Unfortunately I went 0 for 2 last weekend.
SD Realtor
ParticipantPert –
Many of the 919xx zip codes are in the red zone so to speak. Of course there are many many others in the red zone as well. In spring valley if one bought a home there in the last 3 years more then likely that home is worth less then it was at the time of purchase.
If you want to look at bank owned properties go to a website called http://www.reotrans.com as opposed to the other site mentioned in this thread. Also yes you can find the previous price for any home. Go to sdlookup.com. Or post it here and many a poster will help you out.
SD Realtor
ParticipantPert –
Many of the 919xx zip codes are in the red zone so to speak. Of course there are many many others in the red zone as well. In spring valley if one bought a home there in the last 3 years more then likely that home is worth less then it was at the time of purchase.
If you want to look at bank owned properties go to a website called http://www.reotrans.com as opposed to the other site mentioned in this thread. Also yes you can find the previous price for any home. Go to sdlookup.com. Or post it here and many a poster will help you out.
SD Realtor
October 12, 2007 at 11:35 AM in reply to: how big of a mortgage will i be able to afford if ……. #88471ParticipantI agree to each his own… Having kids I choose to leave them valuable assets so I am kind of on board with CBad as well… Again though it is a choice so I respect the other side of the coin…
Pert, I think that when you come here in the spring of 08 it will be a great opportunity for you to sign a 1 year lease and get a feel for what you really want. There is no rush or hurry. Also the longer you can show W2 wages the better it will be for when you do want to apply for a mortgage.
SD Realtor
October 12, 2007 at 11:35 AM in reply to: how big of a mortgage will i be able to afford if ……. #88478ParticipantI agree to each his own… Having kids I choose to leave them valuable assets so I am kind of on board with CBad as well… Again though it is a choice so I respect the other side of the coin…
Pert, I think that when you come here in the spring of 08 it will be a great opportunity for you to sign a 1 year lease and get a feel for what you really want. There is no rush or hurry. Also the longer you can show W2 wages the better it will be for when you do want to apply for a mortgage.
SD Realtor
Participant4plex actually I thing your statement is one of agreement. I don’t think there is an argument of whether it will go down… the previaling thoughts are that it will be sticky or stickier compared to other neighborhoods which so far has been the case. If your prophecy of 600k by 2011 or 2012 rings true then that would certainly validate the sticky point, (Personally I am hoping sooner then that). I assume also that you are referencing the 1900 sq foot models (as a minimum size) for 600k. I would agree with your assessment 100% and HOPE that they will be even cheaper then that by that time. I am not so sure that Liberty Station will see anywhere near the distress that we have seen downtown. I don’t feel the level of speculation was as high there. It is not a question of will it go down, it is just when will it go down. Absolutely agreed that there is ALOT for sale there. So far it has been stickier then other neighborhoods. Hopefully we will see the first chunk down this next year.
Participant4plex actually I thing your statement is one of agreement. I don’t think there is an argument of whether it will go down… the previaling thoughts are that it will be sticky or stickier compared to other neighborhoods which so far has been the case. If your prophecy of 600k by 2011 or 2012 rings true then that would certainly validate the sticky point, (Personally I am hoping sooner then that). I assume also that you are referencing the 1900 sq foot models (as a minimum size) for 600k. I would agree with your assessment 100% and HOPE that they will be even cheaper then that by that time. I am not so sure that Liberty Station will see anywhere near the distress that we have seen downtown. I don’t feel the level of speculation was as high there. It is not a question of will it go down, it is just when will it go down. Absolutely agreed that there is ALOT for sale there. So far it has been stickier then other neighborhoods. Hopefully we will see the first chunk down this next year.
ParticipantWaiting longer will enable you to get a much better deal, especially out there.
SD Realtor
ps – Kyle as a very useful exercise I would advise you to pick a few of the homes from the auction site that you like, then go visit them… check out the condition, you don’t need to hire an inspector but check them out, just to get a feel for them. Then go to the auction to see what these homes actually go for in relation to the original asking price. That way you can gauge what the reality is for the asking prices verses the selling price. Don’t forget the 5% commission.
ParticipantWaiting longer will enable you to get a much better deal, especially out there.
SD Realtor
ps – Kyle as a very useful exercise I would advise you to pick a few of the homes from the auction site that you like, then go visit them… check out the condition, you don’t need to hire an inspector but check them out, just to get a feel for them. Then go to the auction to see what these homes actually go for in relation to the original asking price. That way you can gauge what the reality is for the asking prices verses the selling price. Don’t forget the 5% commission.
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