[sdrealtor]

Why no Lasik?

[sdrealtor]

I dont have time to respond to everything but wanted to throw this out as a counter to all the econ prof type’s who think things will play out according to their textbooks.

I have a $500K short sale listing in a central location that is nice but needs updating, nothing spectaular but a good basic house with a good location. In 1 week, I have 10 offers and have discouraged at least a dozen others from even bothering to make an offer. 3 of the offers are All Cash and the other 7 range from 20 to 50% down. I got 5 more calls today and have a few more potential offers coming. Sorry rational thinking piggies but there are lots of folks out there who dont think as you do. It is not a rational market place. it is an emotional marketplace where many people fell a need to own a home as part of their lives. Right or wrong it just is……..

So much for macroeconomic trends and other such nonsense;)

[sdrealtor]

I dont have time to respond to everything but wanted to throw this out as a counter to all the econ prof type’s who think things will play out according to their textbooks.

I have a $500K short sale listing in a central location that is nice but needs updating, nothing spectaular but a good basic house with a good location. In 1 week, I have 10 offers and have discouraged at least a dozen others from even bothering to make an offer. 3 of the offers are All Cash and the other 7 range from 20 to 50% down. I got 5 more calls today and have a few more potential offers coming. Sorry rational thinking piggies but there are lots of folks out there who dont think as you do. It is not a rational market place. it is an emotional marketplace where many people fell a need to own a home as part of their lives. Right or wrong it just is……..

So much for macroeconomic trends and other such nonsense;)

[sdrealtor]

I dont have time to respond to everything but wanted to throw this out as a counter to all the econ prof type’s who think things will play out according to their textbooks.

I have a $500K short sale listing in a central location that is nice but needs updating, nothing spectaular but a good basic house with a good location. In 1 week, I have 10 offers and have discouraged at least a dozen others from even bothering to make an offer. 3 of the offers are All Cash and the other 7 range from 20 to 50% down. I got 5 more calls today and have a few more potential offers coming. Sorry rational thinking piggies but there are lots of folks out there who dont think as you do. It is not a rational market place. it is an emotional marketplace where many people fell a need to own a home as part of their lives. Right or wrong it just is……..

So much for macroeconomic trends and other such nonsense;)

[sdrealtor]

I dont have time to respond to everything but wanted to throw this out as a counter to all the econ prof type’s who think things will play out according to their textbooks.

I have a $500K short sale listing in a central location that is nice but needs updating, nothing spectaular but a good basic house with a good location. In 1 week, I have 10 offers and have discouraged at least a dozen others from even bothering to make an offer. 3 of the offers are All Cash and the other 7 range from 20 to 50% down. I got 5 more calls today and have a few more potential offers coming. Sorry rational thinking piggies but there are lots of folks out there who dont think as you do. It is not a rational market place. it is an emotional marketplace where many people fell a need to own a home as part of their lives. Right or wrong it just is……..

So much for macroeconomic trends and other such nonsense;)

[sdrealtor]

I dont have time to respond to everything but wanted to throw this out as a counter to all the econ prof type’s who think things will play out according to their textbooks.

I have a $500K short sale listing in a central location that is nice but needs updating, nothing spectaular but a good basic house with a good location. In 1 week, I have 10 offers and have discouraged at least a dozen others from even bothering to make an offer. 3 of the offers are All Cash and the other 7 range from 20 to 50% down. I got 5 more calls today and have a few more potential offers coming. Sorry rational thinking piggies but there are lots of folks out there who dont think as you do. It is not a rational market place. it is an emotional marketplace where many people fell a need to own a home as part of their lives. Right or wrong it just is……..

So much for macroeconomic trends and other such nonsense;)

[sdrealtor]

Some great posts and I’d love to address them now but have a very busy day ahead. I’ll get to all of them later.

If nothing else, I accomplished what I set out to do with this post which is to try to stimulate some poignant conversation on RE. Thanks to everyone for jumping in.

I will address one quickly for ocr. I dont think the change in limits will have a huge effect as the market that will be affected is already very dead and not where the action will be. Very few desireable homes in those price ranges are being listed so supply and demand are balancing to reduce the impact up there. I beleive there are enough buyers with enough cash to suck up what supply there will be. Prices will continue dropping from above while the bottom builds stability. As an aside, I have a low end property in escrow that looks like it is going to sell for about 75X monthly rental income. A cash buyer would get nearly a 20% return on their cash.

[sdrealtor]

Some great posts and I’d love to address them now but have a very busy day ahead. I’ll get to all of them later.

If nothing else, I accomplished what I set out to do with this post which is to try to stimulate some poignant conversation on RE. Thanks to everyone for jumping in.

I will address one quickly for ocr. I dont think the change in limits will have a huge effect as the market that will be affected is already very dead and not where the action will be. Very few desireable homes in those price ranges are being listed so supply and demand are balancing to reduce the impact up there. I beleive there are enough buyers with enough cash to suck up what supply there will be. Prices will continue dropping from above while the bottom builds stability. As an aside, I have a low end property in escrow that looks like it is going to sell for about 75X monthly rental income. A cash buyer would get nearly a 20% return on their cash.

[sdrealtor]

Some great posts and I’d love to address them now but have a very busy day ahead. I’ll get to all of them later.

If nothing else, I accomplished what I set out to do with this post which is to try to stimulate some poignant conversation on RE. Thanks to everyone for jumping in.

I will address one quickly for ocr. I dont think the change in limits will have a huge effect as the market that will be affected is already very dead and not where the action will be. Very few desireable homes in those price ranges are being listed so supply and demand are balancing to reduce the impact up there. I beleive there are enough buyers with enough cash to suck up what supply there will be. Prices will continue dropping from above while the bottom builds stability. As an aside, I have a low end property in escrow that looks like it is going to sell for about 75X monthly rental income. A cash buyer would get nearly a 20% return on their cash.

[sdrealtor]

Some great posts and I’d love to address them now but have a very busy day ahead. I’ll get to all of them later.

If nothing else, I accomplished what I set out to do with this post which is to try to stimulate some poignant conversation on RE. Thanks to everyone for jumping in.

I will address one quickly for ocr. I dont think the change in limits will have a huge effect as the market that will be affected is already very dead and not where the action will be. Very few desireable homes in those price ranges are being listed so supply and demand are balancing to reduce the impact up there. I beleive there are enough buyers with enough cash to suck up what supply there will be. Prices will continue dropping from above while the bottom builds stability. As an aside, I have a low end property in escrow that looks like it is going to sell for about 75X monthly rental income. A cash buyer would get nearly a 20% return on their cash.

[sdrealtor]

Some great posts and I’d love to address them now but have a very busy day ahead. I’ll get to all of them later.

If nothing else, I accomplished what I set out to do with this post which is to try to stimulate some poignant conversation on RE. Thanks to everyone for jumping in.

I will address one quickly for ocr. I dont think the change in limits will have a huge effect as the market that will be affected is already very dead and not where the action will be. Very few desireable homes in those price ranges are being listed so supply and demand are balancing to reduce the impact up there. I beleive there are enough buyers with enough cash to suck up what supply there will be. Prices will continue dropping from above while the bottom builds stability. As an aside, I have a low end property in escrow that looks like it is going to sell for about 75X monthly rental income. A cash buyer would get nearly a 20% return on their cash.

[sdrealtor]

Left and right my friend. I still beleive in the full service model and the best most successful agents I know work in that space. I found something to exploit and thats what I’m doing for now.

[sdrealtor]

Left and right my friend. I still beleive in the full service model and the best most successful agents I know work in that space. I found something to exploit and thats what I’m doing for now.

[sdrealtor]

Left and right my friend. I still beleive in the full service model and the best most successful agents I know work in that space. I found something to exploit and thats what I’m doing for now.

[sdrealtor]

Left and right my friend. I still beleive in the full service model and the best most successful agents I know work in that space. I found something to exploit and thats what I’m doing for now.

[Author]

Posts