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SD Realtor
ParticipantDDM one way or another it is tax dollars be it federal, state, or county (property/sales tax)… Anytime you hear the words subsidy, bailout, or any language like that….it is tax dollars.
SD Realtor
ParticipantNSR your comments are very well stated. Could not have said it better myself.
SD Realtor
ParticipantNSR your comments are very well stated. Could not have said it better myself.
SD Realtor
ParticipantNSR your comments are very well stated. Could not have said it better myself.
SD Realtor
August 23, 2007 at 12:02 AM in reply to: LA county is considering a bail-out plan for people facing foreclosure #79480ParticipantI agree… I don’t see these funds helping much but it pisses me off bigtime that my tax money is paying for this no matter how little it helps.
SD Realtor
August 23, 2007 at 12:02 AM in reply to: LA county is considering a bail-out plan for people facing foreclosure #79608ParticipantI agree… I don’t see these funds helping much but it pisses me off bigtime that my tax money is paying for this no matter how little it helps.
SD Realtor
August 23, 2007 at 12:02 AM in reply to: LA county is considering a bail-out plan for people facing foreclosure #79631ParticipantI agree… I don’t see these funds helping much but it pisses me off bigtime that my tax money is paying for this no matter how little it helps.
SD Realtor
ParticipantJES I recall your original post… weren’t you juice back then? Anyways I recall looking into it then…
CarlsbadMtnBiker there seems to be merit in your post. I don’t like how this looks. The home went on the market in December of 06 at 950k… then they brought the price down a little bit… then the price was boosted up to 1.05-1.075M…then the offer comes in at 1.1M…imagine that! The purchase was of course financed 100%, oh and the buyers agent got 4% cbb.
The listing agent also happened to represent the buyer as well! Ted Graham with Realty Specialists. I have never done any business with him… sdr have you worked with him before?
So here we are a few months later and the home is on the market for 890k and listed as a short sale.
As for how the home appraised at 1.1M back in December of 06… I will leave that to Bugs and SD Appraiser. It does look sketchy cbmtn. Good find.
SD Realtor
ParticipantJES I recall your original post… weren’t you juice back then? Anyways I recall looking into it then…
CarlsbadMtnBiker there seems to be merit in your post. I don’t like how this looks. The home went on the market in December of 06 at 950k… then they brought the price down a little bit… then the price was boosted up to 1.05-1.075M…then the offer comes in at 1.1M…imagine that! The purchase was of course financed 100%, oh and the buyers agent got 4% cbb.
The listing agent also happened to represent the buyer as well! Ted Graham with Realty Specialists. I have never done any business with him… sdr have you worked with him before?
So here we are a few months later and the home is on the market for 890k and listed as a short sale.
As for how the home appraised at 1.1M back in December of 06… I will leave that to Bugs and SD Appraiser. It does look sketchy cbmtn. Good find.
SD Realtor
ParticipantJES I recall your original post… weren’t you juice back then? Anyways I recall looking into it then…
CarlsbadMtnBiker there seems to be merit in your post. I don’t like how this looks. The home went on the market in December of 06 at 950k… then they brought the price down a little bit… then the price was boosted up to 1.05-1.075M…then the offer comes in at 1.1M…imagine that! The purchase was of course financed 100%, oh and the buyers agent got 4% cbb.
The listing agent also happened to represent the buyer as well! Ted Graham with Realty Specialists. I have never done any business with him… sdr have you worked with him before?
So here we are a few months later and the home is on the market for 890k and listed as a short sale.
As for how the home appraised at 1.1M back in December of 06… I will leave that to Bugs and SD Appraiser. It does look sketchy cbmtn. Good find.
SD Realtor
ParticipantGood devils advocate post Ray. I think that most realize trying to time the bottom is a pipe dream. However monitoring the market indicators and waiting until they improve is a way to at least siphon some of the downside risk away. Waiting until foreclosure rates level off, until sales volume stops declining, until things get a bit more stable in the credit markets, stuff like that is something that people can do without a lot of thought or analysis, just patience… Also whether you buy now or buy later, making sure you can afford what you buy, and going in with your eyes open so that you will not lose your home regardless of what the market does is the best plan.
I do agree with your forecast, very few will actually hit the bottom of the market. Personally if I can be within 20% of the bottom, on either side (going up or falling down) that would be acceptable. Not sure if I will be able to wait that long but I am trying.
SD Realtor
ParticipantGood devils advocate post Ray. I think that most realize trying to time the bottom is a pipe dream. However monitoring the market indicators and waiting until they improve is a way to at least siphon some of the downside risk away. Waiting until foreclosure rates level off, until sales volume stops declining, until things get a bit more stable in the credit markets, stuff like that is something that people can do without a lot of thought or analysis, just patience… Also whether you buy now or buy later, making sure you can afford what you buy, and going in with your eyes open so that you will not lose your home regardless of what the market does is the best plan.
I do agree with your forecast, very few will actually hit the bottom of the market. Personally if I can be within 20% of the bottom, on either side (going up or falling down) that would be acceptable. Not sure if I will be able to wait that long but I am trying.
SD Realtor
ParticipantGood devils advocate post Ray. I think that most realize trying to time the bottom is a pipe dream. However monitoring the market indicators and waiting until they improve is a way to at least siphon some of the downside risk away. Waiting until foreclosure rates level off, until sales volume stops declining, until things get a bit more stable in the credit markets, stuff like that is something that people can do without a lot of thought or analysis, just patience… Also whether you buy now or buy later, making sure you can afford what you buy, and going in with your eyes open so that you will not lose your home regardless of what the market does is the best plan.
I do agree with your forecast, very few will actually hit the bottom of the market. Personally if I can be within 20% of the bottom, on either side (going up or falling down) that would be acceptable. Not sure if I will be able to wait that long but I am trying.
SD Realtor
August 22, 2007 at 8:16 PM in reply to: What were the total layoffs in California in the early 90’s #79374ParticipantRad I don’t know about cali as a while but I know down here in San Diego alot of different places got hurt. Many of the engineering firms that had government contracts got hit pretty hard. Even those that did not got hit. At the time I worked for Unisys and then General Instrument and they both got hit pretty good. As I posted before, at General Instrument we had reorgs regularly through the early 90’s. Also my brother worked for developers back then and they got hit as well.
SD Realtor
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