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SD Realtor
ParticipantNo your logic is flawed. People buy homes based on how much they are henpecked and how much they can afford. No matter how much they are henpecked, if they cannot afford the home then they cannot buy the home.
With only a few exceptions, people buy homes based on the monthly payment. Prices will move based on demand. Demand ebbs and flows based on many factors but one of the large factors is affordability and in some cases investment rate of return.
FSD made good sense pointing out that the price movement is in no way proportional to interest rate movement in a linear fashion. However price movement will vary based on demand and that IS based on affordability with respect to the cost of credit. It is not linear, nor does it move at the same time temporally.
ParticipantNo your logic is flawed. People buy homes based on how much they are henpecked and how much they can afford. No matter how much they are henpecked, if they cannot afford the home then they cannot buy the home.
With only a few exceptions, people buy homes based on the monthly payment. Prices will move based on demand. Demand ebbs and flows based on many factors but one of the large factors is affordability and in some cases investment rate of return.
FSD made good sense pointing out that the price movement is in no way proportional to interest rate movement in a linear fashion. However price movement will vary based on demand and that IS based on affordability with respect to the cost of credit. It is not linear, nor does it move at the same time temporally.
ParticipantNo your logic is flawed. People buy homes based on how much they are henpecked and how much they can afford. No matter how much they are henpecked, if they cannot afford the home then they cannot buy the home.
With only a few exceptions, people buy homes based on the monthly payment. Prices will move based on demand. Demand ebbs and flows based on many factors but one of the large factors is affordability and in some cases investment rate of return.
FSD made good sense pointing out that the price movement is in no way proportional to interest rate movement in a linear fashion. However price movement will vary based on demand and that IS based on affordability with respect to the cost of credit. It is not linear, nor does it move at the same time temporally.
February 15, 2011 at 4:15 PM in reply to: Any thought on houses in the 700s price range in Carmel Valley? #666684ParticipantGood quick analysis FLU. I guess I am not that happy with Sausalito. My good friend lives there and he really liked it but man it just feels like everyone is literally right on top of each other in there.
February 15, 2011 at 4:15 PM in reply to: Any thought on houses in the 700s price range in Carmel Valley? #666747ParticipantGood quick analysis FLU. I guess I am not that happy with Sausalito. My good friend lives there and he really liked it but man it just feels like everyone is literally right on top of each other in there.
February 15, 2011 at 4:15 PM in reply to: Any thought on houses in the 700s price range in Carmel Valley? #667351ParticipantGood quick analysis FLU. I guess I am not that happy with Sausalito. My good friend lives there and he really liked it but man it just feels like everyone is literally right on top of each other in there.
February 15, 2011 at 4:15 PM in reply to: Any thought on houses in the 700s price range in Carmel Valley? #667489ParticipantGood quick analysis FLU. I guess I am not that happy with Sausalito. My good friend lives there and he really liked it but man it just feels like everyone is literally right on top of each other in there.
February 15, 2011 at 4:15 PM in reply to: Any thought on houses in the 700s price range in Carmel Valley? #667830ParticipantGood quick analysis FLU. I guess I am not that happy with Sausalito. My good friend lives there and he really liked it but man it just feels like everyone is literally right on top of each other in there.
February 15, 2011 at 10:26 AM in reply to: Is it wise to buy one of the worse properties in the same neighborhood? (Carmel Valley) #666559ParticipantI could not agree with FLU more. I am always one to say if you love the home buy the home so I guess if it is a home you love go with it. However I would consider a home that is at least on par with the other homes in the subdivision. I am not a huge fan of power lines or other attributes that are considered detrimental to the home.
If there has been a great time to borrow money the past 2 years have been such a time.
February 15, 2011 at 10:26 AM in reply to: Is it wise to buy one of the worse properties in the same neighborhood? (Carmel Valley) #666622ParticipantI could not agree with FLU more. I am always one to say if you love the home buy the home so I guess if it is a home you love go with it. However I would consider a home that is at least on par with the other homes in the subdivision. I am not a huge fan of power lines or other attributes that are considered detrimental to the home.
If there has been a great time to borrow money the past 2 years have been such a time.
February 15, 2011 at 10:26 AM in reply to: Is it wise to buy one of the worse properties in the same neighborhood? (Carmel Valley) #667226ParticipantI could not agree with FLU more. I am always one to say if you love the home buy the home so I guess if it is a home you love go with it. However I would consider a home that is at least on par with the other homes in the subdivision. I am not a huge fan of power lines or other attributes that are considered detrimental to the home.
If there has been a great time to borrow money the past 2 years have been such a time.
February 15, 2011 at 10:26 AM in reply to: Is it wise to buy one of the worse properties in the same neighborhood? (Carmel Valley) #667364ParticipantI could not agree with FLU more. I am always one to say if you love the home buy the home so I guess if it is a home you love go with it. However I would consider a home that is at least on par with the other homes in the subdivision. I am not a huge fan of power lines or other attributes that are considered detrimental to the home.
If there has been a great time to borrow money the past 2 years have been such a time.
February 15, 2011 at 10:26 AM in reply to: Is it wise to buy one of the worse properties in the same neighborhood? (Carmel Valley) #667705ParticipantI could not agree with FLU more. I am always one to say if you love the home buy the home so I guess if it is a home you love go with it. However I would consider a home that is at least on par with the other homes in the subdivision. I am not a huge fan of power lines or other attributes that are considered detrimental to the home.
If there has been a great time to borrow money the past 2 years have been such a time.
ParticipantStill though Rich, some people think he’s a “smart guy” so that more then makes up for your obviously uninformed partisan opinion.
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