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SD Realtor
ParticipantIf you cannot “afford” another loss then repurchasing is not a great idea. You have a few options… stick it out… sell at a loss and rent…. sell at a loss and rebuy… or maybe just walk away from your mortgage and rent…
It is a tough dilema… Right now times are better then 2007 but to think there will not be rough times ahead is a fallacy. It may not be for awhile but they will come.
ParticipantIf you cannot “afford” another loss then repurchasing is not a great idea. You have a few options… stick it out… sell at a loss and rent…. sell at a loss and rebuy… or maybe just walk away from your mortgage and rent…
It is a tough dilema… Right now times are better then 2007 but to think there will not be rough times ahead is a fallacy. It may not be for awhile but they will come.
ParticipantIf you cannot “afford” another loss then repurchasing is not a great idea. You have a few options… stick it out… sell at a loss and rent…. sell at a loss and rebuy… or maybe just walk away from your mortgage and rent…
It is a tough dilema… Right now times are better then 2007 but to think there will not be rough times ahead is a fallacy. It may not be for awhile but they will come.
ParticipantCAR I usually agree with you on most points but cannot agree with you on the real estate aspect.
I do not believe real estate is a precious finite resource. It is affordable in pretty much every part of the country with a few exceptions. We choose to live in this vastly overpriced market by free choice. However that is our own choice right?
Similarly there are even affordable homes here in San Diego, just in neighborhoods that you or I do not want to live in.
If I go to the trustee sale to buy a home for cash and then resell it I am a flipper right? However does that make me some criminal? What have I done wrong?
If I am sick of getting 2% in a CD on my cash and I can buy a home at trustee sale and make 20% on it, shouldn’t it be a no brainer to do the latter? Shouldn’t I have the freedom of choice to do that?
I think that nobody is forcing anyone at gunpoint to live in San Diego and tolerate these crazy home prices. I don’t like them and have been priced out of the neighborhoods I want to live in but I would much rather have a free market rather then having the government control/own housing.
Lest we forget it is the government that wants to reinflate the market.
ParticipantCAR I usually agree with you on most points but cannot agree with you on the real estate aspect.
I do not believe real estate is a precious finite resource. It is affordable in pretty much every part of the country with a few exceptions. We choose to live in this vastly overpriced market by free choice. However that is our own choice right?
Similarly there are even affordable homes here in San Diego, just in neighborhoods that you or I do not want to live in.
If I go to the trustee sale to buy a home for cash and then resell it I am a flipper right? However does that make me some criminal? What have I done wrong?
If I am sick of getting 2% in a CD on my cash and I can buy a home at trustee sale and make 20% on it, shouldn’t it be a no brainer to do the latter? Shouldn’t I have the freedom of choice to do that?
I think that nobody is forcing anyone at gunpoint to live in San Diego and tolerate these crazy home prices. I don’t like them and have been priced out of the neighborhoods I want to live in but I would much rather have a free market rather then having the government control/own housing.
Lest we forget it is the government that wants to reinflate the market.
ParticipantCAR I usually agree with you on most points but cannot agree with you on the real estate aspect.
I do not believe real estate is a precious finite resource. It is affordable in pretty much every part of the country with a few exceptions. We choose to live in this vastly overpriced market by free choice. However that is our own choice right?
Similarly there are even affordable homes here in San Diego, just in neighborhoods that you or I do not want to live in.
If I go to the trustee sale to buy a home for cash and then resell it I am a flipper right? However does that make me some criminal? What have I done wrong?
If I am sick of getting 2% in a CD on my cash and I can buy a home at trustee sale and make 20% on it, shouldn’t it be a no brainer to do the latter? Shouldn’t I have the freedom of choice to do that?
I think that nobody is forcing anyone at gunpoint to live in San Diego and tolerate these crazy home prices. I don’t like them and have been priced out of the neighborhoods I want to live in but I would much rather have a free market rather then having the government control/own housing.
Lest we forget it is the government that wants to reinflate the market.
ParticipantCAR I usually agree with you on most points but cannot agree with you on the real estate aspect.
I do not believe real estate is a precious finite resource. It is affordable in pretty much every part of the country with a few exceptions. We choose to live in this vastly overpriced market by free choice. However that is our own choice right?
Similarly there are even affordable homes here in San Diego, just in neighborhoods that you or I do not want to live in.
If I go to the trustee sale to buy a home for cash and then resell it I am a flipper right? However does that make me some criminal? What have I done wrong?
If I am sick of getting 2% in a CD on my cash and I can buy a home at trustee sale and make 20% on it, shouldn’t it be a no brainer to do the latter? Shouldn’t I have the freedom of choice to do that?
I think that nobody is forcing anyone at gunpoint to live in San Diego and tolerate these crazy home prices. I don’t like them and have been priced out of the neighborhoods I want to live in but I would much rather have a free market rather then having the government control/own housing.
Lest we forget it is the government that wants to reinflate the market.
ParticipantCAR I usually agree with you on most points but cannot agree with you on the real estate aspect.
I do not believe real estate is a precious finite resource. It is affordable in pretty much every part of the country with a few exceptions. We choose to live in this vastly overpriced market by free choice. However that is our own choice right?
Similarly there are even affordable homes here in San Diego, just in neighborhoods that you or I do not want to live in.
If I go to the trustee sale to buy a home for cash and then resell it I am a flipper right? However does that make me some criminal? What have I done wrong?
If I am sick of getting 2% in a CD on my cash and I can buy a home at trustee sale and make 20% on it, shouldn’t it be a no brainer to do the latter? Shouldn’t I have the freedom of choice to do that?
I think that nobody is forcing anyone at gunpoint to live in San Diego and tolerate these crazy home prices. I don’t like them and have been priced out of the neighborhoods I want to live in but I would much rather have a free market rather then having the government control/own housing.
Lest we forget it is the government that wants to reinflate the market.
ParticipantHi Mercedes
Unfortunately I do not have many good answers for you…
Will there be another leg down?
Yes I think there will be. I don’t think it will happen as soon as everyone wants it to happen. If you go back at previous posts there were lots of “tsunami” and tidal wave predictions for 2009. Fundamentally those could have been right but the market is subsidized so poof, they could not have been more wrong. So I think we need to let the string play out and then yes you could see the leg down you are hoping for.
Is there shadow inventory out there?
Yes… however many people like to toss around shadow inventory and think every zip code has tons of it. That is a fallacy and a big mistake. Is there alot of shadow inventory? Yes. Is there more of it in Spring Valley then Penasquitos? Yes absolutely.
How will it be released?
Could not tell you. Honestly to this day I do not even know the rate of release right now. I think there is an underestimation of bulk purchases, and of PPIP purchases however in no way do those activities soak up all the bank held properties. However there are so many defaults out there and future foreclosures that I cannot estimate how they will be released, how they will be hidden, held or whatever.
It is all a shell game now Mercedes.
At what price does the competition narrow substantially?
This is SUPER dependent on the neighborhood and the subject property. I cannot overstate that okay? It really really varies… Sorry for being vague but it is what it is. Give me some zip codes to work with and I may be able to help. However even in those zips there will be super desired properties and super UNDESIRED places.
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I cannot tell you if renting fits your needs or not. That depends on you and your family. I think if it is ONLY financial waiting another few years may be advantageous.
ParticipantHi Mercedes
Unfortunately I do not have many good answers for you…
Will there be another leg down?
Yes I think there will be. I don’t think it will happen as soon as everyone wants it to happen. If you go back at previous posts there were lots of “tsunami” and tidal wave predictions for 2009. Fundamentally those could have been right but the market is subsidized so poof, they could not have been more wrong. So I think we need to let the string play out and then yes you could see the leg down you are hoping for.
Is there shadow inventory out there?
Yes… however many people like to toss around shadow inventory and think every zip code has tons of it. That is a fallacy and a big mistake. Is there alot of shadow inventory? Yes. Is there more of it in Spring Valley then Penasquitos? Yes absolutely.
How will it be released?
Could not tell you. Honestly to this day I do not even know the rate of release right now. I think there is an underestimation of bulk purchases, and of PPIP purchases however in no way do those activities soak up all the bank held properties. However there are so many defaults out there and future foreclosures that I cannot estimate how they will be released, how they will be hidden, held or whatever.
It is all a shell game now Mercedes.
At what price does the competition narrow substantially?
This is SUPER dependent on the neighborhood and the subject property. I cannot overstate that okay? It really really varies… Sorry for being vague but it is what it is. Give me some zip codes to work with and I may be able to help. However even in those zips there will be super desired properties and super UNDESIRED places.
**********
I cannot tell you if renting fits your needs or not. That depends on you and your family. I think if it is ONLY financial waiting another few years may be advantageous.
ParticipantHi Mercedes
Unfortunately I do not have many good answers for you…
Will there be another leg down?
Yes I think there will be. I don’t think it will happen as soon as everyone wants it to happen. If you go back at previous posts there were lots of “tsunami” and tidal wave predictions for 2009. Fundamentally those could have been right but the market is subsidized so poof, they could not have been more wrong. So I think we need to let the string play out and then yes you could see the leg down you are hoping for.
Is there shadow inventory out there?
Yes… however many people like to toss around shadow inventory and think every zip code has tons of it. That is a fallacy and a big mistake. Is there alot of shadow inventory? Yes. Is there more of it in Spring Valley then Penasquitos? Yes absolutely.
How will it be released?
Could not tell you. Honestly to this day I do not even know the rate of release right now. I think there is an underestimation of bulk purchases, and of PPIP purchases however in no way do those activities soak up all the bank held properties. However there are so many defaults out there and future foreclosures that I cannot estimate how they will be released, how they will be hidden, held or whatever.
It is all a shell game now Mercedes.
At what price does the competition narrow substantially?
This is SUPER dependent on the neighborhood and the subject property. I cannot overstate that okay? It really really varies… Sorry for being vague but it is what it is. Give me some zip codes to work with and I may be able to help. However even in those zips there will be super desired properties and super UNDESIRED places.
**********
I cannot tell you if renting fits your needs or not. That depends on you and your family. I think if it is ONLY financial waiting another few years may be advantageous.
ParticipantHi Mercedes
Unfortunately I do not have many good answers for you…
Will there be another leg down?
Yes I think there will be. I don’t think it will happen as soon as everyone wants it to happen. If you go back at previous posts there were lots of “tsunami” and tidal wave predictions for 2009. Fundamentally those could have been right but the market is subsidized so poof, they could not have been more wrong. So I think we need to let the string play out and then yes you could see the leg down you are hoping for.
Is there shadow inventory out there?
Yes… however many people like to toss around shadow inventory and think every zip code has tons of it. That is a fallacy and a big mistake. Is there alot of shadow inventory? Yes. Is there more of it in Spring Valley then Penasquitos? Yes absolutely.
How will it be released?
Could not tell you. Honestly to this day I do not even know the rate of release right now. I think there is an underestimation of bulk purchases, and of PPIP purchases however in no way do those activities soak up all the bank held properties. However there are so many defaults out there and future foreclosures that I cannot estimate how they will be released, how they will be hidden, held or whatever.
It is all a shell game now Mercedes.
At what price does the competition narrow substantially?
This is SUPER dependent on the neighborhood and the subject property. I cannot overstate that okay? It really really varies… Sorry for being vague but it is what it is. Give me some zip codes to work with and I may be able to help. However even in those zips there will be super desired properties and super UNDESIRED places.
**********
I cannot tell you if renting fits your needs or not. That depends on you and your family. I think if it is ONLY financial waiting another few years may be advantageous.
ParticipantHi Mercedes
Unfortunately I do not have many good answers for you…
Will there be another leg down?
Yes I think there will be. I don’t think it will happen as soon as everyone wants it to happen. If you go back at previous posts there were lots of “tsunami” and tidal wave predictions for 2009. Fundamentally those could have been right but the market is subsidized so poof, they could not have been more wrong. So I think we need to let the string play out and then yes you could see the leg down you are hoping for.
Is there shadow inventory out there?
Yes… however many people like to toss around shadow inventory and think every zip code has tons of it. That is a fallacy and a big mistake. Is there alot of shadow inventory? Yes. Is there more of it in Spring Valley then Penasquitos? Yes absolutely.
How will it be released?
Could not tell you. Honestly to this day I do not even know the rate of release right now. I think there is an underestimation of bulk purchases, and of PPIP purchases however in no way do those activities soak up all the bank held properties. However there are so many defaults out there and future foreclosures that I cannot estimate how they will be released, how they will be hidden, held or whatever.
It is all a shell game now Mercedes.
At what price does the competition narrow substantially?
This is SUPER dependent on the neighborhood and the subject property. I cannot overstate that okay? It really really varies… Sorry for being vague but it is what it is. Give me some zip codes to work with and I may be able to help. However even in those zips there will be super desired properties and super UNDESIRED places.
**********
I cannot tell you if renting fits your needs or not. That depends on you and your family. I think if it is ONLY financial waiting another few years may be advantageous.
ParticipantWe all lose Arraya. We all lose. It is very very sad and I cannot disagree more with the way our government is operating now and has operated before.
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