[sdcellar]

All good points PS, and that last one is really key.

kaycee, you could lose a lot more in capital gains taxes than what you might from accepting a lowball offer. Maybe meet the potential buyer somewhere in the middle next time?

That said, I understand the frustration with regards to having the best price on the block and still getting no offers. Then again, if those aren’t selling either, then maybe they’re just totally out of whack.

Dig as much as you can to see what things in your area are really selling for _today_ and reset your price expectations based on that.

[sdcellar]

PC– When did Democrats suddenly become progressives? Now, I could be mistaken and you are truly a Progressive and not a Democrat, but I notice the dems in general have taken to this term.

I can see why they do it from a marketing perpective, but Progressives have their own parties and movements. I suspect Democrats might be sick of the “liberal” tag.

Perhaps you really do mean that these kids are voting Green Party or the like, so they really are Progressives as well. Is that the case?

Maybe it’s the difference between progressive and Progressive?

[sdcellar]

I don’t think anybody wanted you to post this much less…

I enjoy your input on all the various topics. I was hoping you were going to say it was due to the work of setting up your site, which I know several of us are looking forward to.

[sdcellar]

Rich and Brooke–

Thanks for the explanation.

You’d think for the kind of money we’re paying here for the Professor’s services, we’d get some kind of fail-safe triple backup system with our data safe and simultaneously secure in San Diego, Tokyo, and Sao Paolo.

Okay, so I was able to get a few other things accomplished over the two days and nobody really got hurt. Although, I haven’t heard much from powayseller since the “incident”. PS– You okay?!

Anyway, really appreciate the site and everything you’ve done here!

[sdcellar]

Yeah, I think somebody somewhere explained that an interest only loan is basically amortizing over an infinite period of time and 100 years is surprisingly close to the lowest amount you could pay on a monthly basis.

I ran the numbers for the example and the least you could pay if you wanted to do it over forever is $2000 bucks a month. That’s only a five dollar a month difference between 100 years and forever…

[sdcellar]

To continue on BuyerWillEPB’s response regarding sour grapes…

I don’t have sour grapes for myself as I was one of the lucky ones who benefitted from the ridiculous runup (and that’s all it was–luck), but I can taste them for a good many friends who have been completely priced out of the housing market. It just doesn’t seem like good people with good jobs shouldn’t be able to buy a house without setting themselves up for financial hardship and possible ruin. That’s one of my main reasons for hoping for a significant reversion to the mean.

Sometimes it’s hard for me to balance that against the notion that a number of people will be hurt by a downturn in housing, but for whatever reason, I don’t personally know many people in that boat. I guess most of my homeowner friends either bought long ago or otherwise steered clear of (what looks to be) the housing mess of the last year or so. Even so, I’m sure some good people will be hurt by this and that is really unfortunate.

Finally, lest you think I can’t be that altruistic (by saying I just want my friends to benefit), know that I’m not. Sure, I wouldn’t mind being able to get more for my money–who wouldn’t? The main reason I don’t buy today, however, is that it’s just plain stupid.

[sdcellar]

Not to toot my own horn

Then don’t?

The forums were pretty quiet last weekend too except for your posts which nobody seemed to be responding to either.

Now, don’t get me wrong, I seem to recall I was interested in one or two of them, but there were so many, that it almost seemed to keep me from being able to gain interest and post to any particular one of them.

For what it’s worth, I stayed out of this whine fest, but I was thinking the same thing when this very topic came up last weekend (and now I’m afraid I may have started it again…)

As far as news is concerned, I get mine elsewhere. I’m sure some folks might be interested in having you do the legwork, but I’m not particularly. The one suggestion somebody made about you summarizing and linking to multiple “newsworthy” items in a single topic seemed like a good one if you’re moved to continue posting the news. Either that, or limit it to one or two interesting topics a day and see what folks do with them.

[sdcellar]

Bugs— Yes, that’s what I’m seeing as well and part of my motivation for asking the question in the first place (to see if there was consistency in GRM). Thanks much for posting the great explanation and samples.

[sdcellar]

Does anybody know a better source to get “sold” data anyway? It’s kind of tedious sucking it out of Zillow.

[sdcellar]

Vista is a far away land… Well, at least to those of us in central San Diego. I believe the I-5 south commute is the worst in the county. Well, other than the I-5 north commute when you go home. As an added bonus you have to take the 78 to get to/from the 5.

In areas further south, but still north of the 5/805 split, the commute still comes in to play, but at least each area (Carlsbad, Cardiff, Encinitas) has less of it to deal with and is coastal.

Vista’s a little sprawling, so there are some nice properties with some land, but all the rest doesn’t make it worth it for me personally.

As I recall, you’re moving down here, so the first thing I’d do is find out where you’re going to work. If you’re going to be downtown, it would be even worse.

[sdcellar]

I like it! Had you considered Buyer will entertain prices below… ?

As far as your topic is concerned, what do you mean? Is it the zestimate charts that changed frequency? I’ve been curious about all of that.

Does anybody know when they post the new sales? It almost seems like a monthly thing. For example, when will the September sales show up?

[sdcellar]

Yeah, I know what you mean and that’s why I asked. A house is not overpriced if that’s what someone is willing to pay for it and these kinds of places (i.e. properly priced) do stand out right now. And that’s why houses continue to sell albeit at a much slower pace.

[sdcellar]

I tried to post the following on your site, but it wouldn’t let me (so I’m posting it here).

I checked out the 511 Martos listing and it looks like a nice enough place, but are you serious that it’s not overpriced as well? Seems like a lot of money, but being from San Diego, I have no idea what things go for in Pasadena. I think you’re just saying that you think it will sell at that price and that seems fair enough to me.

If you bought it though, wouldn’t you be worried that it might drop another $100K or so over the next year or two?

[sdcellar]

I don’t feel like they’ll make a significant change since they’re just that, guidelines. It seems possible that it might drive rates up slightly for subprime loans.

[sdcellar]

powayseller

I’m sorry, did I post my topic in the wrong forum today? Discussing rents in relation to prices seemed like housing market discussion to me. Is this one of the unintelligent posts to which you refer? I didn’t complain about anything today as far as I know.

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