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February 21, 2010 at 6:01 PM in reply to: About half of U.S. mortgages seen underwater by 2011 #516410February 21, 2010 at 6:01 PM in reply to: About half of U.S. mortgages seen underwater by 2011 #516840
SD Realtor
ParticipantAN as long as I get one to then I am right there with you man!
February 21, 2010 at 6:01 PM in reply to: About half of U.S. mortgages seen underwater by 2011 #516932ParticipantAN as long as I get one to then I am right there with you man!
February 21, 2010 at 6:01 PM in reply to: About half of U.S. mortgages seen underwater by 2011 #517186ParticipantAN as long as I get one to then I am right there with you man!
February 21, 2010 at 5:59 PM in reply to: About half of U.S. mortgages seen underwater by 2011 #516262ParticipantHave no idea what you are talking about Brian. Deep pockets for sellers or deep pockets for buyers really has no bearing on the topic.
The topic at hand is that even though there may or may not be foreclosures, I see no affects on pricing in the areas most median and slightly above median income people look for houses in. The only thing that I maintain will affect pricing in these areas will be interest rates. Furthermore the demand for the decent home in a decent school district blows away supply. As long as there is a strong engineering presence that is the way it will be and remain that way. We saw some nice declines in those areas but they have already popped up quite a bit. Finally even those with “deep pockets” will either manage to hang on alot longer then you hope for them to, OR they will be bailed out like everyone else.
Get used to it.
Regardless of whether it was me or sdr I have not ever seen anyone here post that high end homes will not continue to depreciate.
Show me a post where I have ever said anything contrary to that.
February 21, 2010 at 5:59 PM in reply to: About half of U.S. mortgages seen underwater by 2011 #516405ParticipantHave no idea what you are talking about Brian. Deep pockets for sellers or deep pockets for buyers really has no bearing on the topic.
The topic at hand is that even though there may or may not be foreclosures, I see no affects on pricing in the areas most median and slightly above median income people look for houses in. The only thing that I maintain will affect pricing in these areas will be interest rates. Furthermore the demand for the decent home in a decent school district blows away supply. As long as there is a strong engineering presence that is the way it will be and remain that way. We saw some nice declines in those areas but they have already popped up quite a bit. Finally even those with “deep pockets” will either manage to hang on alot longer then you hope for them to, OR they will be bailed out like everyone else.
Get used to it.
Regardless of whether it was me or sdr I have not ever seen anyone here post that high end homes will not continue to depreciate.
Show me a post where I have ever said anything contrary to that.
February 21, 2010 at 5:59 PM in reply to: About half of U.S. mortgages seen underwater by 2011 #516835ParticipantHave no idea what you are talking about Brian. Deep pockets for sellers or deep pockets for buyers really has no bearing on the topic.
The topic at hand is that even though there may or may not be foreclosures, I see no affects on pricing in the areas most median and slightly above median income people look for houses in. The only thing that I maintain will affect pricing in these areas will be interest rates. Furthermore the demand for the decent home in a decent school district blows away supply. As long as there is a strong engineering presence that is the way it will be and remain that way. We saw some nice declines in those areas but they have already popped up quite a bit. Finally even those with “deep pockets” will either manage to hang on alot longer then you hope for them to, OR they will be bailed out like everyone else.
Get used to it.
Regardless of whether it was me or sdr I have not ever seen anyone here post that high end homes will not continue to depreciate.
Show me a post where I have ever said anything contrary to that.
February 21, 2010 at 5:59 PM in reply to: About half of U.S. mortgages seen underwater by 2011 #516927ParticipantHave no idea what you are talking about Brian. Deep pockets for sellers or deep pockets for buyers really has no bearing on the topic.
The topic at hand is that even though there may or may not be foreclosures, I see no affects on pricing in the areas most median and slightly above median income people look for houses in. The only thing that I maintain will affect pricing in these areas will be interest rates. Furthermore the demand for the decent home in a decent school district blows away supply. As long as there is a strong engineering presence that is the way it will be and remain that way. We saw some nice declines in those areas but they have already popped up quite a bit. Finally even those with “deep pockets” will either manage to hang on alot longer then you hope for them to, OR they will be bailed out like everyone else.
Get used to it.
Regardless of whether it was me or sdr I have not ever seen anyone here post that high end homes will not continue to depreciate.
Show me a post where I have ever said anything contrary to that.
February 21, 2010 at 5:59 PM in reply to: About half of U.S. mortgages seen underwater by 2011 #517181ParticipantHave no idea what you are talking about Brian. Deep pockets for sellers or deep pockets for buyers really has no bearing on the topic.
The topic at hand is that even though there may or may not be foreclosures, I see no affects on pricing in the areas most median and slightly above median income people look for houses in. The only thing that I maintain will affect pricing in these areas will be interest rates. Furthermore the demand for the decent home in a decent school district blows away supply. As long as there is a strong engineering presence that is the way it will be and remain that way. We saw some nice declines in those areas but they have already popped up quite a bit. Finally even those with “deep pockets” will either manage to hang on alot longer then you hope for them to, OR they will be bailed out like everyone else.
Get used to it.
Regardless of whether it was me or sdr I have not ever seen anyone here post that high end homes will not continue to depreciate.
Show me a post where I have ever said anything contrary to that.
February 21, 2010 at 4:34 PM in reply to: About half of U.S. mortgages seen underwater by 2011 #516223ParticipantYes there are huge drops in high end stuff. However talk to the people who are looking for quality homes in 4S Ranch, PQ, Carlsbad, Scripps, UC and other spots. Talk to the young couple looking for a home in a good school district. PQ pricing is much closer to 2005/2006 pricing then 2002 pricing.
I sit there and point out the price declines froma 2 million dollar home to 1.2 million or whatever. What is the point right? If I cannot afford it I cannot afford it.
The price declines in high end will continue regardless of the foreclosure rate as that market has alot less demand even in the best of times.
However those who think they are gonna live in the 2500 sf home that they got at a substnatially reduced price because a foreclosure torrent came and washed pricing down to something substantially less then where we are at or WERE at in 2008 and want to send the kids to Poway schools or Torrey Pines schools or something of that nature… well… I am just not really seeing that happening because all the people that are underwater in those areas will need to lose their homes.
If the govt lets that happens then great…
I would suggest that you guys also track cancellations at the trustee sales to see what is happening as the properties go and do the distress dance.
Will this happen with all properties? No of course not.
If you believe things will change then great. I think the govt is learning how to keep a lid on things and they will continue to sharpen their skills.
“nothing left to do but let capitalism determine the true value of real estate.”
heheheheh…
Yes capitalism… that is almost as funny as raising ponies in chula vista.
February 21, 2010 at 4:34 PM in reply to: About half of U.S. mortgages seen underwater by 2011 #516364ParticipantYes there are huge drops in high end stuff. However talk to the people who are looking for quality homes in 4S Ranch, PQ, Carlsbad, Scripps, UC and other spots. Talk to the young couple looking for a home in a good school district. PQ pricing is much closer to 2005/2006 pricing then 2002 pricing.
I sit there and point out the price declines froma 2 million dollar home to 1.2 million or whatever. What is the point right? If I cannot afford it I cannot afford it.
The price declines in high end will continue regardless of the foreclosure rate as that market has alot less demand even in the best of times.
However those who think they are gonna live in the 2500 sf home that they got at a substnatially reduced price because a foreclosure torrent came and washed pricing down to something substantially less then where we are at or WERE at in 2008 and want to send the kids to Poway schools or Torrey Pines schools or something of that nature… well… I am just not really seeing that happening because all the people that are underwater in those areas will need to lose their homes.
If the govt lets that happens then great…
I would suggest that you guys also track cancellations at the trustee sales to see what is happening as the properties go and do the distress dance.
Will this happen with all properties? No of course not.
If you believe things will change then great. I think the govt is learning how to keep a lid on things and they will continue to sharpen their skills.
“nothing left to do but let capitalism determine the true value of real estate.”
heheheheh…
Yes capitalism… that is almost as funny as raising ponies in chula vista.
February 21, 2010 at 4:34 PM in reply to: About half of U.S. mortgages seen underwater by 2011 #516795ParticipantYes there are huge drops in high end stuff. However talk to the people who are looking for quality homes in 4S Ranch, PQ, Carlsbad, Scripps, UC and other spots. Talk to the young couple looking for a home in a good school district. PQ pricing is much closer to 2005/2006 pricing then 2002 pricing.
I sit there and point out the price declines froma 2 million dollar home to 1.2 million or whatever. What is the point right? If I cannot afford it I cannot afford it.
The price declines in high end will continue regardless of the foreclosure rate as that market has alot less demand even in the best of times.
However those who think they are gonna live in the 2500 sf home that they got at a substnatially reduced price because a foreclosure torrent came and washed pricing down to something substantially less then where we are at or WERE at in 2008 and want to send the kids to Poway schools or Torrey Pines schools or something of that nature… well… I am just not really seeing that happening because all the people that are underwater in those areas will need to lose their homes.
If the govt lets that happens then great…
I would suggest that you guys also track cancellations at the trustee sales to see what is happening as the properties go and do the distress dance.
Will this happen with all properties? No of course not.
If you believe things will change then great. I think the govt is learning how to keep a lid on things and they will continue to sharpen their skills.
“nothing left to do but let capitalism determine the true value of real estate.”
heheheheh…
Yes capitalism… that is almost as funny as raising ponies in chula vista.
February 21, 2010 at 4:34 PM in reply to: About half of U.S. mortgages seen underwater by 2011 #516887ParticipantYes there are huge drops in high end stuff. However talk to the people who are looking for quality homes in 4S Ranch, PQ, Carlsbad, Scripps, UC and other spots. Talk to the young couple looking for a home in a good school district. PQ pricing is much closer to 2005/2006 pricing then 2002 pricing.
I sit there and point out the price declines froma 2 million dollar home to 1.2 million or whatever. What is the point right? If I cannot afford it I cannot afford it.
The price declines in high end will continue regardless of the foreclosure rate as that market has alot less demand even in the best of times.
However those who think they are gonna live in the 2500 sf home that they got at a substnatially reduced price because a foreclosure torrent came and washed pricing down to something substantially less then where we are at or WERE at in 2008 and want to send the kids to Poway schools or Torrey Pines schools or something of that nature… well… I am just not really seeing that happening because all the people that are underwater in those areas will need to lose their homes.
If the govt lets that happens then great…
I would suggest that you guys also track cancellations at the trustee sales to see what is happening as the properties go and do the distress dance.
Will this happen with all properties? No of course not.
If you believe things will change then great. I think the govt is learning how to keep a lid on things and they will continue to sharpen their skills.
“nothing left to do but let capitalism determine the true value of real estate.”
heheheheh…
Yes capitalism… that is almost as funny as raising ponies in chula vista.
February 21, 2010 at 4:34 PM in reply to: About half of U.S. mortgages seen underwater by 2011 #517140ParticipantYes there are huge drops in high end stuff. However talk to the people who are looking for quality homes in 4S Ranch, PQ, Carlsbad, Scripps, UC and other spots. Talk to the young couple looking for a home in a good school district. PQ pricing is much closer to 2005/2006 pricing then 2002 pricing.
I sit there and point out the price declines froma 2 million dollar home to 1.2 million or whatever. What is the point right? If I cannot afford it I cannot afford it.
The price declines in high end will continue regardless of the foreclosure rate as that market has alot less demand even in the best of times.
However those who think they are gonna live in the 2500 sf home that they got at a substnatially reduced price because a foreclosure torrent came and washed pricing down to something substantially less then where we are at or WERE at in 2008 and want to send the kids to Poway schools or Torrey Pines schools or something of that nature… well… I am just not really seeing that happening because all the people that are underwater in those areas will need to lose their homes.
If the govt lets that happens then great…
I would suggest that you guys also track cancellations at the trustee sales to see what is happening as the properties go and do the distress dance.
Will this happen with all properties? No of course not.
If you believe things will change then great. I think the govt is learning how to keep a lid on things and they will continue to sharpen their skills.
“nothing left to do but let capitalism determine the true value of real estate.”
heheheheh…
Yes capitalism… that is almost as funny as raising ponies in chula vista.
ParticipantWhen I was a little girl growing up in Poland, we all had ponies!
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