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February 25, 2010 at 1:53 PM in reply to: About half of U.S. mortgages seen underwater by 2011 #517762
sdcellar
ParticipantThe second one never should have fetched $1.2. It is literally on top of the railroad tracks.
btw, what places in MM were going for $700-$750 and are now $500-$550? You obviously know the area better, but doesn’t seem like it dropped quite that much. I’m guessing this is the Calle Cristobal area?
Also, as sdrealtor seems to be pointing out, need to be careful comparing short/distressed sales to normal ones. Certainly the best deals are coming from the former.
Well, I guess he’s actually pointing out that people paid too much for weird crap during the bubble, which absolutely makes sense, but some of the examples you’re pointing out are distressed on the resale end and I’ll still stick with those are going to be better deals in general (although none of these except Seeman where anything approaching a “deal”).
February 25, 2010 at 1:53 PM in reply to: About half of U.S. mortgages seen underwater by 2011 #517904ParticipantThe second one never should have fetched $1.2. It is literally on top of the railroad tracks.
btw, what places in MM were going for $700-$750 and are now $500-$550? You obviously know the area better, but doesn’t seem like it dropped quite that much. I’m guessing this is the Calle Cristobal area?
Also, as sdrealtor seems to be pointing out, need to be careful comparing short/distressed sales to normal ones. Certainly the best deals are coming from the former.
Well, I guess he’s actually pointing out that people paid too much for weird crap during the bubble, which absolutely makes sense, but some of the examples you’re pointing out are distressed on the resale end and I’ll still stick with those are going to be better deals in general (although none of these except Seeman where anything approaching a “deal”).
February 25, 2010 at 1:53 PM in reply to: About half of U.S. mortgages seen underwater by 2011 #518338ParticipantThe second one never should have fetched $1.2. It is literally on top of the railroad tracks.
btw, what places in MM were going for $700-$750 and are now $500-$550? You obviously know the area better, but doesn’t seem like it dropped quite that much. I’m guessing this is the Calle Cristobal area?
Also, as sdrealtor seems to be pointing out, need to be careful comparing short/distressed sales to normal ones. Certainly the best deals are coming from the former.
Well, I guess he’s actually pointing out that people paid too much for weird crap during the bubble, which absolutely makes sense, but some of the examples you’re pointing out are distressed on the resale end and I’ll still stick with those are going to be better deals in general (although none of these except Seeman where anything approaching a “deal”).
February 25, 2010 at 1:53 PM in reply to: About half of U.S. mortgages seen underwater by 2011 #518431ParticipantThe second one never should have fetched $1.2. It is literally on top of the railroad tracks.
btw, what places in MM were going for $700-$750 and are now $500-$550? You obviously know the area better, but doesn’t seem like it dropped quite that much. I’m guessing this is the Calle Cristobal area?
Also, as sdrealtor seems to be pointing out, need to be careful comparing short/distressed sales to normal ones. Certainly the best deals are coming from the former.
Well, I guess he’s actually pointing out that people paid too much for weird crap during the bubble, which absolutely makes sense, but some of the examples you’re pointing out are distressed on the resale end and I’ll still stick with those are going to be better deals in general (although none of these except Seeman where anything approaching a “deal”).
February 25, 2010 at 1:53 PM in reply to: About half of U.S. mortgages seen underwater by 2011 #518685ParticipantThe second one never should have fetched $1.2. It is literally on top of the railroad tracks.
btw, what places in MM were going for $700-$750 and are now $500-$550? You obviously know the area better, but doesn’t seem like it dropped quite that much. I’m guessing this is the Calle Cristobal area?
Also, as sdrealtor seems to be pointing out, need to be careful comparing short/distressed sales to normal ones. Certainly the best deals are coming from the former.
Well, I guess he’s actually pointing out that people paid too much for weird crap during the bubble, which absolutely makes sense, but some of the examples you’re pointing out are distressed on the resale end and I’ll still stick with those are going to be better deals in general (although none of these except Seeman where anything approaching a “deal”).
February 24, 2010 at 11:24 PM in reply to: About half of U.S. mortgages seen underwater by 2011 #517544Participant[quote=AN]CAR, what do you think about these property? They’re in Encinitas, sold for more than 700k in 2005 and they’re around 500k now.[/quote]Except for the first one, where there must be more to the story, they suck, they’re over $300 a square and stating that they’re around $600K would be more accurate.
February 24, 2010 at 11:24 PM in reply to: About half of U.S. mortgages seen underwater by 2011 #517685Participant[quote=AN]CAR, what do you think about these property? They’re in Encinitas, sold for more than 700k in 2005 and they’re around 500k now.[/quote]Except for the first one, where there must be more to the story, they suck, they’re over $300 a square and stating that they’re around $600K would be more accurate.
February 24, 2010 at 11:24 PM in reply to: About half of U.S. mortgages seen underwater by 2011 #518121Participant[quote=AN]CAR, what do you think about these property? They’re in Encinitas, sold for more than 700k in 2005 and they’re around 500k now.[/quote]Except for the first one, where there must be more to the story, they suck, they’re over $300 a square and stating that they’re around $600K would be more accurate.
February 24, 2010 at 11:24 PM in reply to: About half of U.S. mortgages seen underwater by 2011 #518213Participant[quote=AN]CAR, what do you think about these property? They’re in Encinitas, sold for more than 700k in 2005 and they’re around 500k now.[/quote]Except for the first one, where there must be more to the story, they suck, they’re over $300 a square and stating that they’re around $600K would be more accurate.
February 24, 2010 at 11:24 PM in reply to: About half of U.S. mortgages seen underwater by 2011 #518467Participant[quote=AN]CAR, what do you think about these property? They’re in Encinitas, sold for more than 700k in 2005 and they’re around 500k now.[/quote]Except for the first one, where there must be more to the story, they suck, they’re over $300 a square and stating that they’re around $600K would be more accurate.
February 23, 2010 at 4:58 PM in reply to: About half of U.S. mortgages seen underwater by 2011 #517146Participantjpinpb– I wish I bought Apple stock a year ago. Better yet, Sirius XM Radio.
With higher return, there’s always higher risk. When I model rent/buy, I always go with the safe/liquid investment of the day. Anything else just makes me go loco with the possibilities.
I hear you though!
February 23, 2010 at 4:58 PM in reply to: About half of U.S. mortgages seen underwater by 2011 #517287Participantjpinpb– I wish I bought Apple stock a year ago. Better yet, Sirius XM Radio.
With higher return, there’s always higher risk. When I model rent/buy, I always go with the safe/liquid investment of the day. Anything else just makes me go loco with the possibilities.
I hear you though!
February 23, 2010 at 4:58 PM in reply to: About half of U.S. mortgages seen underwater by 2011 #517722Participantjpinpb– I wish I bought Apple stock a year ago. Better yet, Sirius XM Radio.
With higher return, there’s always higher risk. When I model rent/buy, I always go with the safe/liquid investment of the day. Anything else just makes me go loco with the possibilities.
I hear you though!
February 23, 2010 at 4:58 PM in reply to: About half of U.S. mortgages seen underwater by 2011 #517814Participantjpinpb– I wish I bought Apple stock a year ago. Better yet, Sirius XM Radio.
With higher return, there’s always higher risk. When I model rent/buy, I always go with the safe/liquid investment of the day. Anything else just makes me go loco with the possibilities.
I hear you though!
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