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SD Realtor
ParticipantYes it is all fine to prognosticate what would have been done and should have been done. The problem is the golden rule. Those that have the gold rule. For those of you who think this is the end of the little tricks they will play and that the taxpayers will no longer tolerate subsidies, I hate to say it but you are pulling the same ostrich with your head in the sand that illogical sellers did when the market started to deteriorate. What those in power are doing is not right. However they do not have an objective to make things right, to promote a free market, or to provide an affordable home for a San Diego citizen. They have an objective to continue to make money and continue to stay in power. Unfortunately this is orthogonal to your objective. It is not a good time to buy or a bad time to buy. However it is a good time to realize where you stand in the overall order of things and plan accordingly. It will be credit or lack there of that brings the house of cards down. The problem is that there are alot of cards still left in the deck.
ParticipantYes it is all fine to prognosticate what would have been done and should have been done. The problem is the golden rule. Those that have the gold rule. For those of you who think this is the end of the little tricks they will play and that the taxpayers will no longer tolerate subsidies, I hate to say it but you are pulling the same ostrich with your head in the sand that illogical sellers did when the market started to deteriorate. What those in power are doing is not right. However they do not have an objective to make things right, to promote a free market, or to provide an affordable home for a San Diego citizen. They have an objective to continue to make money and continue to stay in power. Unfortunately this is orthogonal to your objective. It is not a good time to buy or a bad time to buy. However it is a good time to realize where you stand in the overall order of things and plan accordingly. It will be credit or lack there of that brings the house of cards down. The problem is that there are alot of cards still left in the deck.
ParticipantYes it is all fine to prognosticate what would have been done and should have been done. The problem is the golden rule. Those that have the gold rule. For those of you who think this is the end of the little tricks they will play and that the taxpayers will no longer tolerate subsidies, I hate to say it but you are pulling the same ostrich with your head in the sand that illogical sellers did when the market started to deteriorate. What those in power are doing is not right. However they do not have an objective to make things right, to promote a free market, or to provide an affordable home for a San Diego citizen. They have an objective to continue to make money and continue to stay in power. Unfortunately this is orthogonal to your objective. It is not a good time to buy or a bad time to buy. However it is a good time to realize where you stand in the overall order of things and plan accordingly. It will be credit or lack there of that brings the house of cards down. The problem is that there are alot of cards still left in the deck.
ParticipantScarlett PQ is super tough right now. Not much inventory there at all and what is there is either overpriced or has alot of noise from I56. My outlook on PQ, (and the I15 corridor as well as CV) and I guess most of the desireable areas in San Diego, is that we will not see any dramatic reductions for quite awhile. We may bump up some or down some and we will see fluctations in terms of price REDUCTIONS for overpriced inventory, however that is needed for sellers who overpriced to begin with. I have pretty much thrown in the towel on both the foreclosure tsunami and the unemployment tsunami. Employment has improved and I don’t see a dramatic change when a bunch of census workers get dumped. Engineering employment is doing much better as are other white collar jobs. I think that in the future, a few years out when interest rates rise dramatically then real estate will depreciate substantially. Other then that the war was fought and the consumer/taxpayer lost. The government and the deadbeats/fiscally irresponsible/those gaming the system won. So looking back we can track a nice post by FSD back in late 08 that actually caught the bottom for many of the markets we track.
So again, I do not see another major leg down but for overpriced stuff it will come down. For instance the home at 8279 Bryn Glen Way has been a short sale for a month now. I know the listing agent and it is no surprise that the home went to foreclosure today. It was listed at 629-669k and went at the steps today for 526.5k. So what will it sell for? Hard to say, it is the 1799 sf plan at Monet in Del Sur.
Anyways that just illustrates that even the trustee sale deals are not deals right now. Hopefully we will see some more inventory trickle out this summer. If I were a buyer I would be pretty pissed at the loan mod programs.
ParticipantScarlett PQ is super tough right now. Not much inventory there at all and what is there is either overpriced or has alot of noise from I56. My outlook on PQ, (and the I15 corridor as well as CV) and I guess most of the desireable areas in San Diego, is that we will not see any dramatic reductions for quite awhile. We may bump up some or down some and we will see fluctations in terms of price REDUCTIONS for overpriced inventory, however that is needed for sellers who overpriced to begin with. I have pretty much thrown in the towel on both the foreclosure tsunami and the unemployment tsunami. Employment has improved and I don’t see a dramatic change when a bunch of census workers get dumped. Engineering employment is doing much better as are other white collar jobs. I think that in the future, a few years out when interest rates rise dramatically then real estate will depreciate substantially. Other then that the war was fought and the consumer/taxpayer lost. The government and the deadbeats/fiscally irresponsible/those gaming the system won. So looking back we can track a nice post by FSD back in late 08 that actually caught the bottom for many of the markets we track.
So again, I do not see another major leg down but for overpriced stuff it will come down. For instance the home at 8279 Bryn Glen Way has been a short sale for a month now. I know the listing agent and it is no surprise that the home went to foreclosure today. It was listed at 629-669k and went at the steps today for 526.5k. So what will it sell for? Hard to say, it is the 1799 sf plan at Monet in Del Sur.
Anyways that just illustrates that even the trustee sale deals are not deals right now. Hopefully we will see some more inventory trickle out this summer. If I were a buyer I would be pretty pissed at the loan mod programs.
ParticipantScarlett PQ is super tough right now. Not much inventory there at all and what is there is either overpriced or has alot of noise from I56. My outlook on PQ, (and the I15 corridor as well as CV) and I guess most of the desireable areas in San Diego, is that we will not see any dramatic reductions for quite awhile. We may bump up some or down some and we will see fluctations in terms of price REDUCTIONS for overpriced inventory, however that is needed for sellers who overpriced to begin with. I have pretty much thrown in the towel on both the foreclosure tsunami and the unemployment tsunami. Employment has improved and I don’t see a dramatic change when a bunch of census workers get dumped. Engineering employment is doing much better as are other white collar jobs. I think that in the future, a few years out when interest rates rise dramatically then real estate will depreciate substantially. Other then that the war was fought and the consumer/taxpayer lost. The government and the deadbeats/fiscally irresponsible/those gaming the system won. So looking back we can track a nice post by FSD back in late 08 that actually caught the bottom for many of the markets we track.
So again, I do not see another major leg down but for overpriced stuff it will come down. For instance the home at 8279 Bryn Glen Way has been a short sale for a month now. I know the listing agent and it is no surprise that the home went to foreclosure today. It was listed at 629-669k and went at the steps today for 526.5k. So what will it sell for? Hard to say, it is the 1799 sf plan at Monet in Del Sur.
Anyways that just illustrates that even the trustee sale deals are not deals right now. Hopefully we will see some more inventory trickle out this summer. If I were a buyer I would be pretty pissed at the loan mod programs.
ParticipantScarlett PQ is super tough right now. Not much inventory there at all and what is there is either overpriced or has alot of noise from I56. My outlook on PQ, (and the I15 corridor as well as CV) and I guess most of the desireable areas in San Diego, is that we will not see any dramatic reductions for quite awhile. We may bump up some or down some and we will see fluctations in terms of price REDUCTIONS for overpriced inventory, however that is needed for sellers who overpriced to begin with. I have pretty much thrown in the towel on both the foreclosure tsunami and the unemployment tsunami. Employment has improved and I don’t see a dramatic change when a bunch of census workers get dumped. Engineering employment is doing much better as are other white collar jobs. I think that in the future, a few years out when interest rates rise dramatically then real estate will depreciate substantially. Other then that the war was fought and the consumer/taxpayer lost. The government and the deadbeats/fiscally irresponsible/those gaming the system won. So looking back we can track a nice post by FSD back in late 08 that actually caught the bottom for many of the markets we track.
So again, I do not see another major leg down but for overpriced stuff it will come down. For instance the home at 8279 Bryn Glen Way has been a short sale for a month now. I know the listing agent and it is no surprise that the home went to foreclosure today. It was listed at 629-669k and went at the steps today for 526.5k. So what will it sell for? Hard to say, it is the 1799 sf plan at Monet in Del Sur.
Anyways that just illustrates that even the trustee sale deals are not deals right now. Hopefully we will see some more inventory trickle out this summer. If I were a buyer I would be pretty pissed at the loan mod programs.
ParticipantScarlett PQ is super tough right now. Not much inventory there at all and what is there is either overpriced or has alot of noise from I56. My outlook on PQ, (and the I15 corridor as well as CV) and I guess most of the desireable areas in San Diego, is that we will not see any dramatic reductions for quite awhile. We may bump up some or down some and we will see fluctations in terms of price REDUCTIONS for overpriced inventory, however that is needed for sellers who overpriced to begin with. I have pretty much thrown in the towel on both the foreclosure tsunami and the unemployment tsunami. Employment has improved and I don’t see a dramatic change when a bunch of census workers get dumped. Engineering employment is doing much better as are other white collar jobs. I think that in the future, a few years out when interest rates rise dramatically then real estate will depreciate substantially. Other then that the war was fought and the consumer/taxpayer lost. The government and the deadbeats/fiscally irresponsible/those gaming the system won. So looking back we can track a nice post by FSD back in late 08 that actually caught the bottom for many of the markets we track.
So again, I do not see another major leg down but for overpriced stuff it will come down. For instance the home at 8279 Bryn Glen Way has been a short sale for a month now. I know the listing agent and it is no surprise that the home went to foreclosure today. It was listed at 629-669k and went at the steps today for 526.5k. So what will it sell for? Hard to say, it is the 1799 sf plan at Monet in Del Sur.
Anyways that just illustrates that even the trustee sale deals are not deals right now. Hopefully we will see some more inventory trickle out this summer. If I were a buyer I would be pretty pissed at the loan mod programs.
ParticipantKnow the feeling Pem. The same happens for us with the ones we have bought at trustee sale and flipped. In some cases we have received supplemental bills for properties we sold awhile ago but still need to pay because it was for that time we owned the home. Prorated of course but much higher then what we bought for.
ParticipantKnow the feeling Pem. The same happens for us with the ones we have bought at trustee sale and flipped. In some cases we have received supplemental bills for properties we sold awhile ago but still need to pay because it was for that time we owned the home. Prorated of course but much higher then what we bought for.
ParticipantKnow the feeling Pem. The same happens for us with the ones we have bought at trustee sale and flipped. In some cases we have received supplemental bills for properties we sold awhile ago but still need to pay because it was for that time we owned the home. Prorated of course but much higher then what we bought for.
ParticipantKnow the feeling Pem. The same happens for us with the ones we have bought at trustee sale and flipped. In some cases we have received supplemental bills for properties we sold awhile ago but still need to pay because it was for that time we owned the home. Prorated of course but much higher then what we bought for.
ParticipantKnow the feeling Pem. The same happens for us with the ones we have bought at trustee sale and flipped. In some cases we have received supplemental bills for properties we sold awhile ago but still need to pay because it was for that time we owned the home. Prorated of course but much higher then what we bought for.
ParticipantBasically lease options are heavy favorites for the sellers. It is a good way to make money because the odds are VERY substantial that the buyer does not exercise the option. Similarly there are always complexities with the pricing and appraisal valuation because none of them can be really decided until the option is exercised. If the seller is smart they will structure the option to be open ended in such a way that they can price accordingly for an appreciating market yet keep the pricing static for a depreciating market. So you as the buyer need to make sure that the option is structured in such a way as to minimize your risk of loss of the option price including events that will happen due to appraisal or not making appraisal.
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