Forum Replies Created
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SD Realtor
ParticipantI have a client who has an in law and they want to buy a home in Tierra Santa. We have been looking at places there for the past several weeks. IMO Tierra Santa is not comparable to CV at all. Will Tierra Santa go down? Absolutely. I don’t think it will have nearly the foreclosure rate of CV. Right now we have been focusing on the El Dorado Hills area which is at the edge of TS along the hillside and faces to the southwest. As far as schools and such for TS, I have not dug into that as these people are getting a place for mom.
Don’t get me wrong. TS will indeed depreciate. I don’t think it will get pounded as hard as CV or San Marcos but it will go down.
SD Realtor
ParticipantI absolutel believe that a bearish show would do very very well right now.
SD Realtor
ParticipantI absolutel believe that a bearish show would do very very well right now.
SD Realtor
ParticipantI absolutel believe that a bearish show would do very very well right now.
SD Realtor
ParticipantJosh get his address through the KOGO site. That one will not bounce.
It will most likely just not get answered.
SD Realtor
ParticipantJosh get his address through the KOGO site. That one will not bounce.
It will most likely just not get answered.
SD Realtor
ParticipantJosh get his address through the KOGO site. That one will not bounce.
It will most likely just not get answered.
SD Realtor
ParticipantI agree that the “new and nice” tract home settings are susceptible to bigger falls due to the fact that there was a high degree of aggressive financing in these homes. Also these places will get superwhacked if the employment picture changes dramatically.
SD Realtor
ParticipantI agree that the “new and nice” tract home settings are susceptible to bigger falls due to the fact that there was a high degree of aggressive financing in these homes. Also these places will get superwhacked if the employment picture changes dramatically.
SD Realtor
ParticipantI agree that the “new and nice” tract home settings are susceptible to bigger falls due to the fact that there was a high degree of aggressive financing in these homes. Also these places will get superwhacked if the employment picture changes dramatically.
SD Realtor
ParticipantI believe the bottom to be in the 2010-2011 timeframe and I think the damage will vary by housing type and location.
Perry I am not declaring immunity for any given zip code. I am just saying the damage will vary. I base this statement on the following:
1 – demand for that particular zip code or map code
2 – quality of the buyer. I think different areas attract different buyers with respect to demograhics, financial assets and employment types.
3 – distress in that area. I do not believe the foreclosure rate will be the same in every area. I think it will vary and in some cases that variance will be substantial.
4 – equity/mindset of the sellers. I believe that the profiles of sellers of different regions will alter each one. Sellers with high equity stakes AND emotional attachments will more likely leg it out and pass the home on to the kids, rent it out, or die in it.
Perry, don’t get me wrong. Again I am not declaring immunity for anyone however I do sincerely believe there will be different rates of decline and different bottoms. Areas that had high speculation ratios, risky financing vehicles, or homeowners that stretched and are now realizing it is not happening will indeed get hit harder then peer areas that do not. It doesn’t mean there will not be foreclosures in Del Mar, or La Jolla or RSF but I don’t believe there will be enough to cause major distress in these areas when compared to say downtown or Eastlake. Could these premium places see 20-30% hits? Perhaps they could indeed. Will those hits match counterparts in outlying areas or heavier run up areas or areas with widespread foreclosures? In my opinion no.
SD Realtor
ParticipantI believe the bottom to be in the 2010-2011 timeframe and I think the damage will vary by housing type and location.
Perry I am not declaring immunity for any given zip code. I am just saying the damage will vary. I base this statement on the following:
1 – demand for that particular zip code or map code
2 – quality of the buyer. I think different areas attract different buyers with respect to demograhics, financial assets and employment types.
3 – distress in that area. I do not believe the foreclosure rate will be the same in every area. I think it will vary and in some cases that variance will be substantial.
4 – equity/mindset of the sellers. I believe that the profiles of sellers of different regions will alter each one. Sellers with high equity stakes AND emotional attachments will more likely leg it out and pass the home on to the kids, rent it out, or die in it.
Perry, don’t get me wrong. Again I am not declaring immunity for anyone however I do sincerely believe there will be different rates of decline and different bottoms. Areas that had high speculation ratios, risky financing vehicles, or homeowners that stretched and are now realizing it is not happening will indeed get hit harder then peer areas that do not. It doesn’t mean there will not be foreclosures in Del Mar, or La Jolla or RSF but I don’t believe there will be enough to cause major distress in these areas when compared to say downtown or Eastlake. Could these premium places see 20-30% hits? Perhaps they could indeed. Will those hits match counterparts in outlying areas or heavier run up areas or areas with widespread foreclosures? In my opinion no.
SD Realtor
ParticipantI believe the bottom to be in the 2010-2011 timeframe and I think the damage will vary by housing type and location.
Perry I am not declaring immunity for any given zip code. I am just saying the damage will vary. I base this statement on the following:
1 – demand for that particular zip code or map code
2 – quality of the buyer. I think different areas attract different buyers with respect to demograhics, financial assets and employment types.
3 – distress in that area. I do not believe the foreclosure rate will be the same in every area. I think it will vary and in some cases that variance will be substantial.
4 – equity/mindset of the sellers. I believe that the profiles of sellers of different regions will alter each one. Sellers with high equity stakes AND emotional attachments will more likely leg it out and pass the home on to the kids, rent it out, or die in it.
Perry, don’t get me wrong. Again I am not declaring immunity for anyone however I do sincerely believe there will be different rates of decline and different bottoms. Areas that had high speculation ratios, risky financing vehicles, or homeowners that stretched and are now realizing it is not happening will indeed get hit harder then peer areas that do not. It doesn’t mean there will not be foreclosures in Del Mar, or La Jolla or RSF but I don’t believe there will be enough to cause major distress in these areas when compared to say downtown or Eastlake. Could these premium places see 20-30% hits? Perhaps they could indeed. Will those hits match counterparts in outlying areas or heavier run up areas or areas with widespread foreclosures? In my opinion no.
SD Realtor
ParticipantSo it is the only active home for sale in 1189 H4. There is not much to compare it to right in that little area. It has a large lot and it backs up to a hillside. The active to pending ratio in 92128 is not to bad right now… npt quite 1 in 4… 150 active and 46 pendings. However there is a ton of stuff in this size range but not with as large a lot. Yet the home is a bit older then the usual 92128 home. So back and forth I go… I think it will be tough for them to get more then the low 600’s if they even get that. They actually just repriced it today.
Also all bets may be off due to the financing climate. We have to see if pending significantly slow down over the next few weeks.
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