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SD Realtor
Participantddm I know PQ very well. Depends on what part of PQ you are looking in…Old PQ on the northeast side? Park Village area? Off of Black Mtn area? PQ has quite a bit of variation in it as you would know if you are tracking it. PQ picked activity has been pretty brisk through the spring. Alot of the inventory last year fell off and simply did not return. There was a fair amount of short sale activity as well. Inventory has definitely been lower there but hopefully it will pick up as the summer wears on. As sdr noted Torrey Highlands is also in the count but most people I know searching in PQ cannot afford Torrey Highlands.
Is there anywhere in particular you are looking in PQ?
SD Realtor
Participantddm I know PQ very well. Depends on what part of PQ you are looking in…Old PQ on the northeast side? Park Village area? Off of Black Mtn area? PQ has quite a bit of variation in it as you would know if you are tracking it. PQ picked activity has been pretty brisk through the spring. Alot of the inventory last year fell off and simply did not return. There was a fair amount of short sale activity as well. Inventory has definitely been lower there but hopefully it will pick up as the summer wears on. As sdr noted Torrey Highlands is also in the count but most people I know searching in PQ cannot afford Torrey Highlands.
Is there anywhere in particular you are looking in PQ?
SD Realtor
ParticipantActually Kev there are plenty of IO loans where after the 10 year period the rate does not reset. Your interest rate is the same thus the interest component does not change. You simply start paying the amortization which is at a 30 year rate but the payment is accelerated because you are paying it over 10 years.You have not backend loaded, your rate doesn’t reset, your balance has not changed. Now don’t get me wrong, your typical IO loan of this nature will cost you maybe 3/8 more then the comparitive 30 year fixed rate where you pay the 30 year amortization over a true 30 year period. Like I said, it all depends on the individual situation.
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Once more as I said, the loans are not for everyone. However they can be useful for alot of people.
SD Realtor
ParticipantActually Kev there are plenty of IO loans where after the 10 year period the rate does not reset. Your interest rate is the same thus the interest component does not change. You simply start paying the amortization which is at a 30 year rate but the payment is accelerated because you are paying it over 10 years.You have not backend loaded, your rate doesn’t reset, your balance has not changed. Now don’t get me wrong, your typical IO loan of this nature will cost you maybe 3/8 more then the comparitive 30 year fixed rate where you pay the 30 year amortization over a true 30 year period. Like I said, it all depends on the individual situation.
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Once more as I said, the loans are not for everyone. However they can be useful for alot of people.
SD Realtor
ParticipantNot sure why everyone has conveniently overlooked the fact that most people don’t own a home for 30 years or even for 10 years. If I buy a home and can earn a better return then the mortgage then why wouldn’t I get an interest only loan. I know many sharp people who get the IO loan and get better returns on the saved capital.
I don’t think IO loans are for everybody. I am not a fan of deferring interest, teaser rates, or backend loading. I am a fan of maximizing returns on capital investment, leverage if it is done properly, and analyzing your own situation to see what is best for you. My standard recommendation to the “average” couple buying a home THAT PLANS TO STAY FOR A LONG TIME > 10 years would be to grab a standard 30 year amortization period fixed rate loan. However, for people who know they will relocate in several years, or for professionals who are very confident that they will earn a better return on an investment rather then paying the principal then I let them run as they please.
SD Realtor
ParticipantNot sure why everyone has conveniently overlooked the fact that most people don’t own a home for 30 years or even for 10 years. If I buy a home and can earn a better return then the mortgage then why wouldn’t I get an interest only loan. I know many sharp people who get the IO loan and get better returns on the saved capital.
I don’t think IO loans are for everybody. I am not a fan of deferring interest, teaser rates, or backend loading. I am a fan of maximizing returns on capital investment, leverage if it is done properly, and analyzing your own situation to see what is best for you. My standard recommendation to the “average” couple buying a home THAT PLANS TO STAY FOR A LONG TIME > 10 years would be to grab a standard 30 year amortization period fixed rate loan. However, for people who know they will relocate in several years, or for professionals who are very confident that they will earn a better return on an investment rather then paying the principal then I let them run as they please.
SD Realtor
ParticipantWe use MS Project for my asic design projects at work. Same as what bubble said. Anyways it is easy to use and is perfect for dynamic updating work assignments, identifying milestones, charting dependencies, etc…
I cannot recommend it highly enough.
SD Realtor
ParticipantWe use MS Project for my asic design projects at work. Same as what bubble said. Anyways it is easy to use and is perfect for dynamic updating work assignments, identifying milestones, charting dependencies, etc…
I cannot recommend it highly enough.
SD Realtor
Participantthanks for showing the math trex.
Also guys remember… data can be shaped in SO many ways. Was the dataquick information only detached resale or did it include new housing?
Again, I know it is hard to turn a blind eye to the media but try not to let it get to ya. The overall problem is that by far the less informed majority of consumers do not realize this. So what can you do? Keep a cool head. The bigger question is, what is reality then? How do we gauge things. Everyone has different answers. My personal answer is the sales volume, active/pending ratios, cancelled/expireds verses solds… that sort of thing. Keep it simple, keep in confined to the zip code you are in, etc…
SD Realtor
Participantthanks for showing the math trex.
Also guys remember… data can be shaped in SO many ways. Was the dataquick information only detached resale or did it include new housing?
Again, I know it is hard to turn a blind eye to the media but try not to let it get to ya. The overall problem is that by far the less informed majority of consumers do not realize this. So what can you do? Keep a cool head. The bigger question is, what is reality then? How do we gauge things. Everyone has different answers. My personal answer is the sales volume, active/pending ratios, cancelled/expireds verses solds… that sort of thing. Keep it simple, keep in confined to the zip code you are in, etc…
SD Realtor
ParticipantJust a note here. Whether it is posting sales stats, active pending ratios, NOD/NOT/REO stuff, or any sort of recurring post… it takes alot of dedication and effort. It may only take 10 or 15 minutes to gather the data and post it, but to do it regularly becomes burdensome. Everyone may not find value in the data but believe me, it is quite valuable. I have done posts where I tried to post alot of recurring stuff but I simply could not keep it up do to being busy. I think it is a great service of sdr to keep up with doing it. Try not to take the data to literally, use it to identify the overall trend. sdr has said many a time that the short sale monitor is not meant to provide exact numbers, (this is because of the mls platform) but it is useful in identifying the growing trend.
In a past post I advertised I would put out active/pending numbers for given zips…It got way to busy for me to keep up. The more entertaining aspect of the blog at least for me is the new fresh posts… I think it is a great thing for sdr to post that info…
This is not aimed as a statement to gn or new_renter or rustico… It is just a thought… everyone absolutely has the right to post opinions.
SD Realtor
ParticipantJust a note here. Whether it is posting sales stats, active pending ratios, NOD/NOT/REO stuff, or any sort of recurring post… it takes alot of dedication and effort. It may only take 10 or 15 minutes to gather the data and post it, but to do it regularly becomes burdensome. Everyone may not find value in the data but believe me, it is quite valuable. I have done posts where I tried to post alot of recurring stuff but I simply could not keep it up do to being busy. I think it is a great service of sdr to keep up with doing it. Try not to take the data to literally, use it to identify the overall trend. sdr has said many a time that the short sale monitor is not meant to provide exact numbers, (this is because of the mls platform) but it is useful in identifying the growing trend.
In a past post I advertised I would put out active/pending numbers for given zips…It got way to busy for me to keep up. The more entertaining aspect of the blog at least for me is the new fresh posts… I think it is a great thing for sdr to post that info…
This is not aimed as a statement to gn or new_renter or rustico… It is just a thought… everyone absolutely has the right to post opinions.
SD Realtor
ParticipantI don’t know the answer but my thoughts are that the sales volume for lower/middle housing levels is down, while the volume of sales for mid/upper housing levels is up. This will end up raising the median for the county overall.
You know my feelings on macro level stats and announcements. They are useless. Focus on the area you want to buy or sell in. Even within a zip code you can have that happen. I recall a post thread awhile ago where it was pointed out that Poway was holding up well or something like that. When I looked at all of the listings that sold in Poway for that particular month of the year, and compared them to the same period a year before, I found the same phenomenah, that the median was affected by a few high end sales.
Just my thoughts…
I really really really think sales volume is much more important then median pricing.
Realtor
ParticipantI don’t know the answer but my thoughts are that the sales volume for lower/middle housing levels is down, while the volume of sales for mid/upper housing levels is up. This will end up raising the median for the county overall.
You know my feelings on macro level stats and announcements. They are useless. Focus on the area you want to buy or sell in. Even within a zip code you can have that happen. I recall a post thread awhile ago where it was pointed out that Poway was holding up well or something like that. When I looked at all of the listings that sold in Poway for that particular month of the year, and compared them to the same period a year before, I found the same phenomenah, that the median was affected by a few high end sales.
Just my thoughts…
I really really really think sales volume is much more important then median pricing.
Realtor
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