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March 19, 2012 at 7:48 AM in reply to: Fair Housing Act and CA Housing Laws and San Diego Housing Laws. #740205
SD Realtor
ParticipantHave lived there quite awhile. We have always really liked the areas south of Pomerado as well. Definitely no not all of the developments have community pools. I have seen some homes sell (in old scripps) and the membership to srsrc is included. It really all depends on which community you are looking at.
ParticipantHow about an auto_reject… If you are the author of a thread, you can specify users that get rejected if they respond to a thread.
ParticipantAgain, I hate to belabor the point, but I am trying to point out that the past year or two seem to indicate that we are undergoing very fundamental changes.
It was pretty much inevitable.
ParticipantAgreed pr. To my point exactly. I think what we have seen over the past 10-15 years are a few bubbles in series. A bubble would inflate, then pop or deflate rapidly, only to inflate another bubble. I don’t believe that prices have been wildly rising for 10 or 20 years. I think that the prices I am noting have been moving upwards for the past few years now. Maybe 2-3 years. To me there is still a few years of paper mache the govt can apply to the issue with selective statistical gathering and reporting.
ParticipantWe have had this conversation before Brian. Of course the items you mentioned are cheap. Not so sure they are as crucial to life as food, fuel and basic staples.
I believe in my quickbooks and quicken ledgers alot more then what the government tells me. I believe that statistics are quite easily manipulated. I don’t believe anything the government tells me regardless of who is in power. Other people lap up government stats because they actually believe that the government is actually looking out for them.
I don’t think it matters what interest rates do. Behavior of bubbles is trivial to understand. They all inflate according to what can and cannot control. The govt cannot control prices of basic foodstuffs and other basic goods. the govt has been doing backflips to keep a lid on treasuries with fantastic success. I do believe interest rates will rise someday but it may be a year or it may be 10 years.
However I am not coupling the price increases with the basic things we need to live on with interest rates.
ParticipantAh yes Rich, this is one our pet topics eh?
Intuitive consumers note this is not a new event. By our own family accounting we have seen these increases for the past few years.
I think over the next few years we will start to see some media awareness (only a couple years to late… kind of like housing eh rich?)
All in all though the inflationary bubble (to me) has been slowly inflating for a few years now and we will start to see that pace quicken.
For those who actually lend credence to any official government or fed statements regarding inflation or even unemployment for that matter, just go back and google what they were saying about housing in 2006.
Nothing to worry about!!
ParticipantIgnored
Participanti heard all your stats are useless… go drink some more wine….:)
ParticipantWell I cannot comment unless you actually post the agreement.
I would advise your friend to read the representation agreement very very carefully. Any agreement can be cancelled if both parties agree to it. Your friend may want to talk to the broker about this agreement.
It may be a good idea for your friend to talk to other agents to see what kind of an agreement they use so that your friend can get samples of what is normal and what is not normal.
What I can say is that if I were a person buying a home, and some agent wanted me to sign an agreement that was paraphrased like you stated above I would laugh and walk away.
Participantummm…. if there are more buyers then inventory then wouldn’t that be characterized as a sellers market?
Participantcontingent means that the seller has accepted the offer from a buyer.
pending means that the seller has accepted the offer from a buyer and that escrow has started.
Don’t confuse designations by the association. contingent means contingent. active means active. pending means pending. It is not that hard to figure out.
Any transaction could go back to active. A pending listing can go to active. A contingent listing can go back to active. A withdrawn listing can go back to active.
There is nothing at all misleading about the data he presented. The ratios he stated were absolutely correct. However he cannot look into the future and tell you exactly how many contingents and pendings will go back to active. Nor can he tell you how many actives that are active today will pull out of the market and not be active anymore.
Interpret the data however you want to interpret the data. Don’t try to say that there is a misleading element to what was presented. It does not matter what is distressed and what is not distressed.
What is active at the moment is active at the moment. Tomorrow there may be more actives and there may be less actives. Some of the contingents will go back to active, some of the pendings will go back to active and some of the current actives will go to a different state as well.
ParticipantA contingent property means there is already an offer accepted by the seller.
It is not an active property.
ParticipantIf the short sale goes through that means the bank accepted the offer and escrow begins.
Sometimes the banks accept, sometimes they counter the short sale offer. It depends on a variety of factors. The bank does a bpo and an appraisal. They also may or may not factor in the costs of continuing to hold the property. Property taxes may incentivize the bank to accept the short sale. The last thing a bank wants to do is lose a home due to a tax default.
You just never really know what the bank will do. Also I keep saying bank but in reality the investors holding the paper give the short sale negotiator the thumbs up or down.
ParticipantWe should have declared bankruptcy several years ago.
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