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SD Realtor
ParticipantHLS your premise is filled with speculation…
I do agree that for short term ownership/speculation, it absolutely makes sense from an investment standpoint. Very good point.
However from an investment standpoint at this point in time, it is quite speculative to say that a property will be more valuable in that 5 years. The most common misconception about a market decline is the appreciation rate on the bottom of the cycle.
Yet yes, your point is well taken about the investment strategy to lower carrying costs, and for that you are definitely correct.
Unfortunately many homewowners are not in that boat and get misguided thinking that they will have a markedly higher salary, or the market will change so they can refinance. Basically they get hoodwinked.
This is much more the norm. Wouldn’t you agree?
SD Realtor
ParticipantHLS your premise is filled with speculation…
I do agree that for short term ownership/speculation, it absolutely makes sense from an investment standpoint. Very good point.
However from an investment standpoint at this point in time, it is quite speculative to say that a property will be more valuable in that 5 years. The most common misconception about a market decline is the appreciation rate on the bottom of the cycle.
Yet yes, your point is well taken about the investment strategy to lower carrying costs, and for that you are definitely correct.
Unfortunately many homewowners are not in that boat and get misguided thinking that they will have a markedly higher salary, or the market will change so they can refinance. Basically they get hoodwinked.
This is much more the norm. Wouldn’t you agree?
SD Realtor
ParticipantI would agree with JJ… Del Mar/Solana Beach nope… Cardiff east of 5 in the small homes where you can hear the traffic…. maybe so…Encinitas west of 5 I don’t see it but ya never know.
SD Realtor
ParticipantI would agree with JJ… Del Mar/Solana Beach nope… Cardiff east of 5 in the small homes where you can hear the traffic…. maybe so…Encinitas west of 5 I don’t see it but ya never know.
SD Realtor
ParticipantGenerally that means seller to select escrow and title insurance provider, as well as termite agency for the pest control report/inspection. This can even extend to the NHD disclosure provider and home warranty company.
Buyer can still select any agency they want for the due diligence they perform. Also just because they state this doesn’t mean you cannot ask for different service providers.
I would not be overly wary of this.
SD Realtor
ParticipantGenerally that means seller to select escrow and title insurance provider, as well as termite agency for the pest control report/inspection. This can even extend to the NHD disclosure provider and home warranty company.
Buyer can still select any agency they want for the due diligence they perform. Also just because they state this doesn’t mean you cannot ask for different service providers.
I would not be overly wary of this.
SD Realtor
ParticipantThanks JP I had not read that one. I see what he is saying now. I guess I kind of agree with what you are saying.
HLS – NAR may get it, but will never fess up to it. They cannot ever never ever admit it will be a bad time to buy or to sell real estate.
SD Realtor
ParticipantThanks JP I had not read that one. I see what he is saying now. I guess I kind of agree with what you are saying.
HLS – NAR may get it, but will never fess up to it. They cannot ever never ever admit it will be a bad time to buy or to sell real estate.
SD Realtor
ParticipantHLS, when things go wrong if the market is left to cure itself, it usually will. The credit contraction is exactly what is needed to restore health to the market. The same people who are foreclosing now should have NEVER qualified for a home to begin with. There really is no harm in not buying a home if you cannot afford a home. In fact the strict measures would serve to protect the people that cannot think clearly for themselves, protect investors who invest in hedge funds that hold cdo’s and other similar instruments, protect taxpayers from having to fund bailouts….
All in all, I think it is a much better plan. The economic consequences that we will suffer are needed and in fact destined to happen. I am consistently harping about how harsh recessions are so I understand the ramifications of a credit contraction.
I don’t believe that a 5 year arm is in anyones best interest today.
SD Realtor
ParticipantHLS, when things go wrong if the market is left to cure itself, it usually will. The credit contraction is exactly what is needed to restore health to the market. The same people who are foreclosing now should have NEVER qualified for a home to begin with. There really is no harm in not buying a home if you cannot afford a home. In fact the strict measures would serve to protect the people that cannot think clearly for themselves, protect investors who invest in hedge funds that hold cdo’s and other similar instruments, protect taxpayers from having to fund bailouts….
All in all, I think it is a much better plan. The economic consequences that we will suffer are needed and in fact destined to happen. I am consistently harping about how harsh recessions are so I understand the ramifications of a credit contraction.
I don’t believe that a 5 year arm is in anyones best interest today.
SD Realtor
ParticipantI agree Rad… It is quite a joke. Did you read the yahoo article in full? Towards the bottom of the article they were talking to this guy Kunz from Century 21. “We’ve just elected we’re not going to participate in the pity party anymore,”
What does that even mean?
Anyways I fully expect for NAR to keep blaming everyone and anyone else rather then being honest about the entire situation. They really don’t have any alternatives.
SD Realtor
ParticipantI agree Rad… It is quite a joke. Did you read the yahoo article in full? Towards the bottom of the article they were talking to this guy Kunz from Century 21. “We’ve just elected we’re not going to participate in the pity party anymore,”
What does that even mean?
Anyways I fully expect for NAR to keep blaming everyone and anyone else rather then being honest about the entire situation. They really don’t have any alternatives.
SD Realtor
ParticipantRustico I do go to caravans to look at homes. I agree about not being able to get a good feel for them just by looking on line.
For sellers I think that caravans are useful however I 100% will say that I have NO HARD DATA that has produced a sale from a caravan. If I have a listing that is a higher end property I will go ahead and put it on caravan. For median housing I do not feel it adds tremendous value.
SD Realtor
ParticipantRustico I do go to caravans to look at homes. I agree about not being able to get a good feel for them just by looking on line.
For sellers I think that caravans are useful however I 100% will say that I have NO HARD DATA that has produced a sale from a caravan. If I have a listing that is a higher end property I will go ahead and put it on caravan. For median housing I do not feel it adds tremendous value.
SD Realtor
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