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SD Realtor
Participantwow looks like I missed some fun today…
sdsundevil this is a blog….it is for people to have fun, sound off… speak their minds… bitch and moan… and call each other out. pretty much all of the factual stats you asked for can be found in a matter of seconds… all you have to do is look for it…
as for predictions… i think a few things will happen… the sun will come up tomorrow… and the broncos will hand the chargers their fifth loss of the season AND I believe they will cover.
how is that?
ps – take the over in the steelers game. now go make some money.
SD Realtor
SD Realtor
ParticipantGood points Surveyor. Thank you for the correction on North Carolina, I should have been more clear in my post. Just curious to see if you have studied anything in Tenn at all as well. We have poked around a little bit but nothing in a serious manner.
The numbers that you strive for regarding your ROE just go to show what serious investment property owners shoot for. Alot of people that ask me about investment property always say that I am very negative about it. I try to correct them to say I am not negative about it, but that there is a right way to do it and a wrong way.
I have rentals but they are not for investment purposes, they are places I have lived in and just never sold. The one property I bought for a rental was also a standby for a relative. Had I ever thought of seriously trying to make money on rentals I would do it the way you are doing it which is alot of hard work. It seems like finding the robust market is the hardest part.
SD Realtor
October 4, 2007 at 3:41 PM in reply to: Biggest percentage loss in San Diego, purchased price vs. list or sold price #87001SD Realtor
ParticipantYes I agree with you on the point that something is happening. It was only a matter of time. One thing that to me was nice to see was the Carmel Valley home going for 675k (it was an REO) that someone posted about a few days ago. It was originally listed at 749k as well in an area of 800k homes.
So this is very good to see.
Again, yes a 150k drop on a small home in Escondido..
Would you live there?
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Don’t get me wrong… this is all good and long overdue…
However all of these falling prices don’t seem to have stopped people from buying in 4S Ranch. We see posts here and there about people making offers there don’t we? Seems like people are also still looking for homes in Fairbanks Ranch and other high end spots. These are also the people brave enough to post here. For all of them that do I am sure they are plenty of them that do not.
Again, I am not trying to rain on the parade. I am just saying what I said before… lots of good deals, not lots of good properties (at least not where I want to live)… I am confident that over a longer period of time that they (the good properties where I want to live) will come down to where I want them to… However I think you and I may have different thoughts about that timeframe.
You see what I am saying?
SD Realtor
SD Realtor
ParticipantGood catch FSD…
SD Realtor
October 4, 2007 at 3:11 PM in reply to: Biggest percentage loss in San Diego, purchased price vs. list or sold price #86998SD Realtor
ParticipantUnfortunately I don’t have buyers looking for townhomes in La Costa. They want single family detached homes.
If you are looking for townhomes or condos it is pretty easy to find some good deals.
The age old quote by sdr is engrained and in effect… alot of good deals but not alot of good properties out there.
SD Realtor
SD Realtor
ParticipantNice post Surveyor..
I would like to add, most if not all seasoned investors left Cali about 2 years ago and already purchased in North Carolina, Seattle and other markets that showed strong growth potential. Even as strong as North Carolina is right now, even the true experts will probably bail out of there in the next year or two.
No seasoned investor would touch California right now. However it would not surprise me if those top guns that have reaped growth in other markets come back to Cali in a few years when things pencil out again.
SD Realtor
SD Realtor
ParticipantWhen the game doesn’t work anymore simply change the rules of the game.
We will see much more of this.
I don’t agree with ANY of it.
SD Realtor
SD Realtor
ParticipantIt is hard to say because each particular district has the bonds issued for whatever they need them to be. You would need to find out about the particular details of this exact MR assessment for this exact district. You can find these details out but you really need to dig down to get that information. Essentially then you would need to verify how they broke down the cost and how many homes they assumed would be built out in the district. I would be more worried about on going fees increasing then lack of buildout. I am sorry about being vague but the only real way for you to get reliable answers is for you to do the research to find out about this assessment for this particular district.
SD Realtor
October 3, 2007 at 10:10 PM in reply to: Looks like The Heights in Carmel Valley Just Dumped a lot of inventory onto the market (SD R, this one is for you) #86905SD Realtor
ParticipantCool deal… yeah these are only the recordings so indeed several of them may have already gone pending.
Your strategy for waiting until something pencils out is a good idea. Wait until it pencils out, get a rental or two and treat it like another component of your IRA… Your patience will pay off…
SD Realtor
SD Realtor
Participantgn you got it… If the lender says, hey give us the keys and agree to a deed in liue of foreclosure and we will agree to reduce the severity of what we report to the credit agency then it may indeed be a preferable alternative. The “knock” on the credit record is something that I cannot give good advice on because I am not an expert on that. However yes you are on the right track as to why that may be a better alternative for the homeowner.
SD Realtor
October 3, 2007 at 12:13 PM in reply to: Looks like The Heights in Carmel Valley Just Dumped a lot of inventory onto the market (SD R, this one is for you) #86840SD Realtor
ParticipantFor FLU –
No warranties on the accuracy of this information. This may not be all inclusive but it is what I found for NOD/NOT/REO recorded from 8/2/07 to now in 92130. If other people have more 92130 recordings in that timeframe for NOD/NOT/REO please do not be afraid to post them.
Also I am not going to include the unit number for attached homes.
NODs
9/13 12620 Carmel Country Rd
9/12 12253 Carmel Vista Rd
9/12 12283 Carmel Vista Rd
9/18 12560 Carmel Creek Rd
8/20 6113 Calera Pl
9/5 11353 E San Rapheal
8/13 12519 Montellano Terrace
8/10 4839 Tarantella Lane
8/28 4781 Caminito Borrego
8/30 3605 Bernwood Pl
9/12 12618 Caminito Radiante
9/17 5850 Aster Meadows Pl
9/20 12674 Carmel Country Rd
9/20 4779 Caminito Impersado
8/6 4889 Ruette De Mer
8/7 12615 El Camino Real!!
8/12 11365 E San RafealNOT
9/10 3771 Torryview Ct (FLU a neighbor?) I viewed this home
9/5 11362 W San Rafeal (Saw this one to)
8/7 12693 Calle De La Sienna
8/1 3540 Caminito El Rincon
9/20 12620 Carmel Country
9/6 3877 Pell Pl
9/19 12624 Carmel CountryREO
9/7 14236 Caminito Vistana
9/7 12582 Manifesto Pl
8/27 4057 Carmel View Rd
9/6 12675 Futura St
8/20 12791 Briarcrest PlSD Realtor
ParticipantYou pegged it eyepod….
One thing about the mortgage issues. (HLS/Pasadena Broker can comment better then I can) It appears to me that the secondary market has loosened up from the lockjaw that it went through in August. I think we will see a choppier secondary market. One that will be much more reactionary. When we see alot of announcements about hedge funds drying up or encountering problems, the secondary market will get tight… then when we go through periods of no bad news it will slack up a bit… Seeing as we have not any bad news for many weeks it seems things have indeed eased up somewhat. Similarly political end runs and loosening up FHA limits for new loans may also help grease the market. This is not what I want to happen but may indeed happen and continue to prolong the slide rather then to promote a healther and faster depreciation cycle.
Just my guess and it has no factual basis.
SD Realtor
SD Realtor
ParticipantSome people advocate squatting… some people don’t. You and I have already been down this road in a different thread. You are advocating a way to take advantage of an imperfect system that does not provide a good long term solution for the tenant and will result in him moving again should the home foreclose. It surmises that the tenant will somehow be able to live in a home for free for a certain amount of time, then look around, move and do it again.
To you this is perfectly sound way of life. To me it is a squatters lifestyle. You can call it what you want and so will I.
You can put perfume on it but it is still a pig.
SD Realtor
SD Realtor
ParticipantIt is not built into your property tax. It is assessed at the same time as your property tax and is on the same form. However it is not built in.
SD Realtor
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