[SD Realtor]

Good question. For the most part, the condition of the comparable property when evaluating comps is what is most important. It doesn’t matter if the comparable is a short sale, reo, or any form of distress. Now I am a realtor not an appraiser and your question is better suited for an appraiser.

With that said however, there can be an argument made that the distress sales were sold below market value simply due to a more motivated seller. From your aspect as a buyer though, I would try to play the card that unless the property had some damage to it or was in poor condition, then comps are equal. Getting a seller to see that is more then a little challenging in this still somewhat delusional market.

[SD Realtor]

Good question. For the most part, the condition of the comparable property when evaluating comps is what is most important. It doesn’t matter if the comparable is a short sale, reo, or any form of distress. Now I am a realtor not an appraiser and your question is better suited for an appraiser.

With that said however, there can be an argument made that the distress sales were sold below market value simply due to a more motivated seller. From your aspect as a buyer though, I would try to play the card that unless the property had some damage to it or was in poor condition, then comps are equal. Getting a seller to see that is more then a little challenging in this still somewhat delusional market.

[SD Realtor]

Good question. For the most part, the condition of the comparable property when evaluating comps is what is most important. It doesn’t matter if the comparable is a short sale, reo, or any form of distress. Now I am a realtor not an appraiser and your question is better suited for an appraiser.

With that said however, there can be an argument made that the distress sales were sold below market value simply due to a more motivated seller. From your aspect as a buyer though, I would try to play the card that unless the property had some damage to it or was in poor condition, then comps are equal. Getting a seller to see that is more then a little challenging in this still somewhat delusional market.

[SD Realtor]

Good question. For the most part, the condition of the comparable property when evaluating comps is what is most important. It doesn’t matter if the comparable is a short sale, reo, or any form of distress. Now I am a realtor not an appraiser and your question is better suited for an appraiser.

With that said however, there can be an argument made that the distress sales were sold below market value simply due to a more motivated seller. From your aspect as a buyer though, I would try to play the card that unless the property had some damage to it or was in poor condition, then comps are equal. Getting a seller to see that is more then a little challenging in this still somewhat delusional market.

[SD Realtor]

No there is no chance that we are out of the woods. However kids grow up fast, and last time I checked, you cannot take money with you when you croak.

The bottom line is that for some people buying works and for others it does not. For the most part, people who post here are bright and make good money, well over the average. Many of them have families or are starting a family. I cannot think of a single Pigg who made a purchase and did not understand the risks. It should be intuitively obvious that these people had other priorities over the possible risk premium. Personally I think taking advantage of these rates for rental property is a great opportunity for long term additions to portfolios but not necessarly San Diego rentals.

Going back to what JP said, I think that when (not if) rates rise significantly, and I mean I believe we will be in for triple bk slider sized rates, then pricing will suffer (perhaps significantly). The problem is I have thought rates would be rising since the turn of the century and they have defied my prediction. So maybe they go up in a year and maybe not for 10 years.

Still, two things are very clear. Time on this planet is short, I mean DAMN short. I blink my eyes and boom, 6 years go by and my kids are aready in 1rst grade. I remember them being born like it is yesterday. Second, buying is not for everyone so if you wanna stick to your guns because you think rates are gonna skyrocket, then that is okay. However stick to your guns for the right reasons. If you feel that everyone has bought and now there will be a shortage of organic buyers then that is very much incorrect. For a place like San Diego, especially the more desireable areas, there will ALWAYS be buyers.

[SD Realtor]

No there is no chance that we are out of the woods. However kids grow up fast, and last time I checked, you cannot take money with you when you croak.

The bottom line is that for some people buying works and for others it does not. For the most part, people who post here are bright and make good money, well over the average. Many of them have families or are starting a family. I cannot think of a single Pigg who made a purchase and did not understand the risks. It should be intuitively obvious that these people had other priorities over the possible risk premium. Personally I think taking advantage of these rates for rental property is a great opportunity for long term additions to portfolios but not necessarly San Diego rentals.

Going back to what JP said, I think that when (not if) rates rise significantly, and I mean I believe we will be in for triple bk slider sized rates, then pricing will suffer (perhaps significantly). The problem is I have thought rates would be rising since the turn of the century and they have defied my prediction. So maybe they go up in a year and maybe not for 10 years.

Still, two things are very clear. Time on this planet is short, I mean DAMN short. I blink my eyes and boom, 6 years go by and my kids are aready in 1rst grade. I remember them being born like it is yesterday. Second, buying is not for everyone so if you wanna stick to your guns because you think rates are gonna skyrocket, then that is okay. However stick to your guns for the right reasons. If you feel that everyone has bought and now there will be a shortage of organic buyers then that is very much incorrect. For a place like San Diego, especially the more desireable areas, there will ALWAYS be buyers.

[SD Realtor]

No there is no chance that we are out of the woods. However kids grow up fast, and last time I checked, you cannot take money with you when you croak.

The bottom line is that for some people buying works and for others it does not. For the most part, people who post here are bright and make good money, well over the average. Many of them have families or are starting a family. I cannot think of a single Pigg who made a purchase and did not understand the risks. It should be intuitively obvious that these people had other priorities over the possible risk premium. Personally I think taking advantage of these rates for rental property is a great opportunity for long term additions to portfolios but not necessarly San Diego rentals.

Going back to what JP said, I think that when (not if) rates rise significantly, and I mean I believe we will be in for triple bk slider sized rates, then pricing will suffer (perhaps significantly). The problem is I have thought rates would be rising since the turn of the century and they have defied my prediction. So maybe they go up in a year and maybe not for 10 years.

Still, two things are very clear. Time on this planet is short, I mean DAMN short. I blink my eyes and boom, 6 years go by and my kids are aready in 1rst grade. I remember them being born like it is yesterday. Second, buying is not for everyone so if you wanna stick to your guns because you think rates are gonna skyrocket, then that is okay. However stick to your guns for the right reasons. If you feel that everyone has bought and now there will be a shortage of organic buyers then that is very much incorrect. For a place like San Diego, especially the more desireable areas, there will ALWAYS be buyers.

[SD Realtor]

No there is no chance that we are out of the woods. However kids grow up fast, and last time I checked, you cannot take money with you when you croak.

The bottom line is that for some people buying works and for others it does not. For the most part, people who post here are bright and make good money, well over the average. Many of them have families or are starting a family. I cannot think of a single Pigg who made a purchase and did not understand the risks. It should be intuitively obvious that these people had other priorities over the possible risk premium. Personally I think taking advantage of these rates for rental property is a great opportunity for long term additions to portfolios but not necessarly San Diego rentals.

Going back to what JP said, I think that when (not if) rates rise significantly, and I mean I believe we will be in for triple bk slider sized rates, then pricing will suffer (perhaps significantly). The problem is I have thought rates would be rising since the turn of the century and they have defied my prediction. So maybe they go up in a year and maybe not for 10 years.

Still, two things are very clear. Time on this planet is short, I mean DAMN short. I blink my eyes and boom, 6 years go by and my kids are aready in 1rst grade. I remember them being born like it is yesterday. Second, buying is not for everyone so if you wanna stick to your guns because you think rates are gonna skyrocket, then that is okay. However stick to your guns for the right reasons. If you feel that everyone has bought and now there will be a shortage of organic buyers then that is very much incorrect. For a place like San Diego, especially the more desireable areas, there will ALWAYS be buyers.

[SD Realtor]

No there is no chance that we are out of the woods. However kids grow up fast, and last time I checked, you cannot take money with you when you croak.

The bottom line is that for some people buying works and for others it does not. For the most part, people who post here are bright and make good money, well over the average. Many of them have families or are starting a family. I cannot think of a single Pigg who made a purchase and did not understand the risks. It should be intuitively obvious that these people had other priorities over the possible risk premium. Personally I think taking advantage of these rates for rental property is a great opportunity for long term additions to portfolios but not necessarly San Diego rentals.

Going back to what JP said, I think that when (not if) rates rise significantly, and I mean I believe we will be in for triple bk slider sized rates, then pricing will suffer (perhaps significantly). The problem is I have thought rates would be rising since the turn of the century and they have defied my prediction. So maybe they go up in a year and maybe not for 10 years.

Still, two things are very clear. Time on this planet is short, I mean DAMN short. I blink my eyes and boom, 6 years go by and my kids are aready in 1rst grade. I remember them being born like it is yesterday. Second, buying is not for everyone so if you wanna stick to your guns because you think rates are gonna skyrocket, then that is okay. However stick to your guns for the right reasons. If you feel that everyone has bought and now there will be a shortage of organic buyers then that is very much incorrect. For a place like San Diego, especially the more desireable areas, there will ALWAYS be buyers.

[SD Realtor]

I would have a problem with it in a big way. Giving someone permission to use specified electronics is fine. If the computer is in the list of items that okay, if not then to me I would definitely bring it up and make sure that it doesn’t happen again.

[SD Realtor]

I would have a problem with it in a big way. Giving someone permission to use specified electronics is fine. If the computer is in the list of items that okay, if not then to me I would definitely bring it up and make sure that it doesn’t happen again.

[SD Realtor]

I would have a problem with it in a big way. Giving someone permission to use specified electronics is fine. If the computer is in the list of items that okay, if not then to me I would definitely bring it up and make sure that it doesn’t happen again.

[SD Realtor]

I would have a problem with it in a big way. Giving someone permission to use specified electronics is fine. If the computer is in the list of items that okay, if not then to me I would definitely bring it up and make sure that it doesn’t happen again.

[SD Realtor]

I would have a problem with it in a big way. Giving someone permission to use specified electronics is fine. If the computer is in the list of items that okay, if not then to me I would definitely bring it up and make sure that it doesn’t happen again.

[SD Realtor]

I agree that there were many good posts here. Conversely if one goes back to say 2006 and starts to tally up all the intelligent posters who have purchased homes the numbers are most likely staggering. It has nothing to do with bailouts and the 270k per job stimulus packages. Similarly having overpriced assets is not a good thing because it simply adds future risk to prudent buyers who made purchases based on other factors knowing full well that the market they were shopping in, while cheaper then the past, was still being manipulated and indirectly subsidized.

With that said, these Piggs, who as AN stated are nowhere near the norm with regards to quantity or quality of buyers, have all mostly made purchases already and now have been living in their homes from 1 to 3 years. There are several leftovers who have missed the boat pricewise but still can enjoy cheap money. As we have all discussed, monthly payment is a much stronger measure of affordability then sales price.

I thing those that made the purchases will for the most part be fine regardless of market conditions as long as they have an income stream to continue paying the mortgages. For the most part they will also enjoy a quality of life that FOR THEM is superior to those who rent.

[Author]

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