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SD Realtor
ParticipantIf I was to do this full time and such, I would focus on commercial real estate. Not sure how much that helps but agreed with bugs on the opinion about advanced degrees. I would get the advanced degree in business admin or economics rather then any specialty in real estate. That way you can still go into re but you will have some good fundamentals under you.
SD Realtor
ParticipantIf I was to do this full time and such, I would focus on commercial real estate. Not sure how much that helps but agreed with bugs on the opinion about advanced degrees. I would get the advanced degree in business admin or economics rather then any specialty in real estate. That way you can still go into re but you will have some good fundamentals under you.
SD Realtor
ParticipantIf I was to do this full time and such, I would focus on commercial real estate. Not sure how much that helps but agreed with bugs on the opinion about advanced degrees. I would get the advanced degree in business admin or economics rather then any specialty in real estate. That way you can still go into re but you will have some good fundamentals under you.
SD Realtor
ParticipantIf I was to do this full time and such, I would focus on commercial real estate. Not sure how much that helps but agreed with bugs on the opinion about advanced degrees. I would get the advanced degree in business admin or economics rather then any specialty in real estate. That way you can still go into re but you will have some good fundamentals under you.
SD Realtor
ParticipantPast few days I have been swamped… sorry for not chiming in but just wiped out…
JWM, seriously I don’t ask my clients where they get there money from, that is the truth. If they tell me that is fine and if they don’t that is fine as well. The only thing I do ask them, and that is if I feel it is necessary, is I ask if they downpayment money has been in their own bank account for several months.
I still do maintain that I do not feel the downpayment money source is as important as some of you guys feel. It is not that I do not agree with the plankton theory because I do. However, that would suggest that at some point in the future we will exhaust the number of buyers correct? However to get a good idea of when that will be we have to know how many buyers are move up buyers, and how many are still out there waiting to buy with move up money. To me it is a very plausible theory that makes sense, however, it is also kind of open ended as to when and how long the plankton theory will seriously thin out the buyers pools in these other desireable areas. Not saying it cannot or will not… I just tend to think like everything else, it will vary on a per area in timing and amplitude so to speak…
SD Realtor
ParticipantPast few days I have been swamped… sorry for not chiming in but just wiped out…
JWM, seriously I don’t ask my clients where they get there money from, that is the truth. If they tell me that is fine and if they don’t that is fine as well. The only thing I do ask them, and that is if I feel it is necessary, is I ask if they downpayment money has been in their own bank account for several months.
I still do maintain that I do not feel the downpayment money source is as important as some of you guys feel. It is not that I do not agree with the plankton theory because I do. However, that would suggest that at some point in the future we will exhaust the number of buyers correct? However to get a good idea of when that will be we have to know how many buyers are move up buyers, and how many are still out there waiting to buy with move up money. To me it is a very plausible theory that makes sense, however, it is also kind of open ended as to when and how long the plankton theory will seriously thin out the buyers pools in these other desireable areas. Not saying it cannot or will not… I just tend to think like everything else, it will vary on a per area in timing and amplitude so to speak…
SD Realtor
ParticipantPast few days I have been swamped… sorry for not chiming in but just wiped out…
JWM, seriously I don’t ask my clients where they get there money from, that is the truth. If they tell me that is fine and if they don’t that is fine as well. The only thing I do ask them, and that is if I feel it is necessary, is I ask if they downpayment money has been in their own bank account for several months.
I still do maintain that I do not feel the downpayment money source is as important as some of you guys feel. It is not that I do not agree with the plankton theory because I do. However, that would suggest that at some point in the future we will exhaust the number of buyers correct? However to get a good idea of when that will be we have to know how many buyers are move up buyers, and how many are still out there waiting to buy with move up money. To me it is a very plausible theory that makes sense, however, it is also kind of open ended as to when and how long the plankton theory will seriously thin out the buyers pools in these other desireable areas. Not saying it cannot or will not… I just tend to think like everything else, it will vary on a per area in timing and amplitude so to speak…
SD Realtor
ParticipantPast few days I have been swamped… sorry for not chiming in but just wiped out…
JWM, seriously I don’t ask my clients where they get there money from, that is the truth. If they tell me that is fine and if they don’t that is fine as well. The only thing I do ask them, and that is if I feel it is necessary, is I ask if they downpayment money has been in their own bank account for several months.
I still do maintain that I do not feel the downpayment money source is as important as some of you guys feel. It is not that I do not agree with the plankton theory because I do. However, that would suggest that at some point in the future we will exhaust the number of buyers correct? However to get a good idea of when that will be we have to know how many buyers are move up buyers, and how many are still out there waiting to buy with move up money. To me it is a very plausible theory that makes sense, however, it is also kind of open ended as to when and how long the plankton theory will seriously thin out the buyers pools in these other desireable areas. Not saying it cannot or will not… I just tend to think like everything else, it will vary on a per area in timing and amplitude so to speak…
SD Realtor
ParticipantPast few days I have been swamped… sorry for not chiming in but just wiped out…
JWM, seriously I don’t ask my clients where they get there money from, that is the truth. If they tell me that is fine and if they don’t that is fine as well. The only thing I do ask them, and that is if I feel it is necessary, is I ask if they downpayment money has been in their own bank account for several months.
I still do maintain that I do not feel the downpayment money source is as important as some of you guys feel. It is not that I do not agree with the plankton theory because I do. However, that would suggest that at some point in the future we will exhaust the number of buyers correct? However to get a good idea of when that will be we have to know how many buyers are move up buyers, and how many are still out there waiting to buy with move up money. To me it is a very plausible theory that makes sense, however, it is also kind of open ended as to when and how long the plankton theory will seriously thin out the buyers pools in these other desireable areas. Not saying it cannot or will not… I just tend to think like everything else, it will vary on a per area in timing and amplitude so to speak…
SD Realtor
ParticipantI would agree with the posts in this thread… to summarize:
You have to get regional. Different areas will bottom faster then others. In this present cycle I think that we may indeed see a pretty substantial variance. Certain regions are not far from breaking even or providing positive cash flow. That would generally help build a strong base for that region.
The other very good point was regarding the foreclosure rate. On a regional basis you need to see a leveling off for a few months in a row. Keep an eye on the overall inventory for that region to make sure it either keeps constant or better yet starts to decline.
As a side note I am a little bit concerned about the bottom for some of the more desireable markets. I think the bottom may be a year or two farther out then I initially hoped but that is a thought at the moment and nothing more. I think a big factor there will be the second wave of resets for A and Alt A paper.
SD Realtor
ParticipantI would agree with the posts in this thread… to summarize:
You have to get regional. Different areas will bottom faster then others. In this present cycle I think that we may indeed see a pretty substantial variance. Certain regions are not far from breaking even or providing positive cash flow. That would generally help build a strong base for that region.
The other very good point was regarding the foreclosure rate. On a regional basis you need to see a leveling off for a few months in a row. Keep an eye on the overall inventory for that region to make sure it either keeps constant or better yet starts to decline.
As a side note I am a little bit concerned about the bottom for some of the more desireable markets. I think the bottom may be a year or two farther out then I initially hoped but that is a thought at the moment and nothing more. I think a big factor there will be the second wave of resets for A and Alt A paper.
SD Realtor
ParticipantI would agree with the posts in this thread… to summarize:
You have to get regional. Different areas will bottom faster then others. In this present cycle I think that we may indeed see a pretty substantial variance. Certain regions are not far from breaking even or providing positive cash flow. That would generally help build a strong base for that region.
The other very good point was regarding the foreclosure rate. On a regional basis you need to see a leveling off for a few months in a row. Keep an eye on the overall inventory for that region to make sure it either keeps constant or better yet starts to decline.
As a side note I am a little bit concerned about the bottom for some of the more desireable markets. I think the bottom may be a year or two farther out then I initially hoped but that is a thought at the moment and nothing more. I think a big factor there will be the second wave of resets for A and Alt A paper.
SD Realtor
ParticipantI would agree with the posts in this thread… to summarize:
You have to get regional. Different areas will bottom faster then others. In this present cycle I think that we may indeed see a pretty substantial variance. Certain regions are not far from breaking even or providing positive cash flow. That would generally help build a strong base for that region.
The other very good point was regarding the foreclosure rate. On a regional basis you need to see a leveling off for a few months in a row. Keep an eye on the overall inventory for that region to make sure it either keeps constant or better yet starts to decline.
As a side note I am a little bit concerned about the bottom for some of the more desireable markets. I think the bottom may be a year or two farther out then I initially hoped but that is a thought at the moment and nothing more. I think a big factor there will be the second wave of resets for A and Alt A paper.
SD Realtor
ParticipantI would agree with the posts in this thread… to summarize:
You have to get regional. Different areas will bottom faster then others. In this present cycle I think that we may indeed see a pretty substantial variance. Certain regions are not far from breaking even or providing positive cash flow. That would generally help build a strong base for that region.
The other very good point was regarding the foreclosure rate. On a regional basis you need to see a leveling off for a few months in a row. Keep an eye on the overall inventory for that region to make sure it either keeps constant or better yet starts to decline.
As a side note I am a little bit concerned about the bottom for some of the more desireable markets. I think the bottom may be a year or two farther out then I initially hoped but that is a thought at the moment and nothing more. I think a big factor there will be the second wave of resets for A and Alt A paper.
SD Realtor
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