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sdrealtor
ParticipantMany of the type of folks Stan refers to live in my area. Most have lived here pre bubble. Their billable hours will be done, their commissions will be done, their stock portfolios will be down, their bonuses will be down. They will be hunkering down and not looking to move but rather to maintain the status quo. My hypothesis is that the vast majority will have no problem doing so.
sdrealtor
ParticipantMany of the type of folks Stan refers to live in my area. Most have lived here pre bubble. Their billable hours will be done, their commissions will be done, their stock portfolios will be down, their bonuses will be down. They will be hunkering down and not looking to move but rather to maintain the status quo. My hypothesis is that the vast majority will have no problem doing so.
sdrealtor
ParticipantMany of the type of folks Stan refers to live in my area. Most have lived here pre bubble. Their billable hours will be done, their commissions will be done, their stock portfolios will be down, their bonuses will be down. They will be hunkering down and not looking to move but rather to maintain the status quo. My hypothesis is that the vast majority will have no problem doing so.
sdrealtor
ParticipantMany of the type of folks Stan refers to live in my area. Most have lived here pre bubble. Their billable hours will be done, their commissions will be done, their stock portfolios will be down, their bonuses will be down. They will be hunkering down and not looking to move but rather to maintain the status quo. My hypothesis is that the vast majority will have no problem doing so.
sdrealtor
ParticipantMany of the type of folks Stan refers to live in my area. Most have lived here pre bubble. Their billable hours will be done, their commissions will be done, their stock portfolios will be down, their bonuses will be down. They will be hunkering down and not looking to move but rather to maintain the status quo. My hypothesis is that the vast majority will have no problem doing so.
sdrealtor
ParticipantHere’s the answer to the above question. Last year there were about 10 houses today there are only 5. Of the 5 houses, 3 are short sales that back up to very busy streets. Truth be told there is only 1 decent house in the bunch. In escrow there are 2 more (one short and one REO). I know tons of people that own these homes and for the most part they are either very well employed, have small mortgages, young kids in the school systems and plenty of savings or empty nesters/retirees with even better jobs and smaller mortgages.
So here’s my follow-up question. How are these houses going to drop another 10% between now and next Summer when no one wants to sell unless they have. Looking at the inventory, not many people have to and the ones that do tend to be in lousy locales. I stand by my prediction that if you can ever buy a really nice house in this category (i.e. 2400 sq ft or more, built after 1990 with 4BR+/3BA+ with a decent yard and a nice quiet location in the low 600’s you better grab it.
sdrealtor
ParticipantHere’s the answer to the above question. Last year there were about 10 houses today there are only 5. Of the 5 houses, 3 are short sales that back up to very busy streets. Truth be told there is only 1 decent house in the bunch. In escrow there are 2 more (one short and one REO). I know tons of people that own these homes and for the most part they are either very well employed, have small mortgages, young kids in the school systems and plenty of savings or empty nesters/retirees with even better jobs and smaller mortgages.
So here’s my follow-up question. How are these houses going to drop another 10% between now and next Summer when no one wants to sell unless they have. Looking at the inventory, not many people have to and the ones that do tend to be in lousy locales. I stand by my prediction that if you can ever buy a really nice house in this category (i.e. 2400 sq ft or more, built after 1990 with 4BR+/3BA+ with a decent yard and a nice quiet location in the low 600’s you better grab it.
sdrealtor
ParticipantHere’s the answer to the above question. Last year there were about 10 houses today there are only 5. Of the 5 houses, 3 are short sales that back up to very busy streets. Truth be told there is only 1 decent house in the bunch. In escrow there are 2 more (one short and one REO). I know tons of people that own these homes and for the most part they are either very well employed, have small mortgages, young kids in the school systems and plenty of savings or empty nesters/retirees with even better jobs and smaller mortgages.
So here’s my follow-up question. How are these houses going to drop another 10% between now and next Summer when no one wants to sell unless they have. Looking at the inventory, not many people have to and the ones that do tend to be in lousy locales. I stand by my prediction that if you can ever buy a really nice house in this category (i.e. 2400 sq ft or more, built after 1990 with 4BR+/3BA+ with a decent yard and a nice quiet location in the low 600’s you better grab it.
sdrealtor
ParticipantHere’s the answer to the above question. Last year there were about 10 houses today there are only 5. Of the 5 houses, 3 are short sales that back up to very busy streets. Truth be told there is only 1 decent house in the bunch. In escrow there are 2 more (one short and one REO). I know tons of people that own these homes and for the most part they are either very well employed, have small mortgages, young kids in the school systems and plenty of savings or empty nesters/retirees with even better jobs and smaller mortgages.
So here’s my follow-up question. How are these houses going to drop another 10% between now and next Summer when no one wants to sell unless they have. Looking at the inventory, not many people have to and the ones that do tend to be in lousy locales. I stand by my prediction that if you can ever buy a really nice house in this category (i.e. 2400 sq ft or more, built after 1990 with 4BR+/3BA+ with a decent yard and a nice quiet location in the low 600’s you better grab it.
sdrealtor
ParticipantHere’s the answer to the above question. Last year there were about 10 houses today there are only 5. Of the 5 houses, 3 are short sales that back up to very busy streets. Truth be told there is only 1 decent house in the bunch. In escrow there are 2 more (one short and one REO). I know tons of people that own these homes and for the most part they are either very well employed, have small mortgages, young kids in the school systems and plenty of savings or empty nesters/retirees with even better jobs and smaller mortgages.
So here’s my follow-up question. How are these houses going to drop another 10% between now and next Summer when no one wants to sell unless they have. Looking at the inventory, not many people have to and the ones that do tend to be in lousy locales. I stand by my prediction that if you can ever buy a really nice house in this category (i.e. 2400 sq ft or more, built after 1990 with 4BR+/3BA+ with a decent yard and a nice quiet location in the low 600’s you better grab it.
sdrealtor
ParticipantI just checked in with a stat that I used to follow very closely. The stat is what is going on with the newer (built after 1990) 4BR/3BA 2400 sq ft plus homes in South Carlsbad/Encinitas (i.e. San Dieguito Schools) and last year I used under $850K. These were the kind of homes a well paid professional family would look for when relocated to the area. This year I think we should use under 800K if not 775K (a 5 to 10% decline).
Last year I proclaimed the market would be sticky and that it would be tough to find a decent home because there were only about 10 homes in this category. These are the bread and butter homes that should be easy to find in this area. When we hit February there will be alot of folks looking for homes like this.
Let’s see how many you piggies think are out there today? Post your guesses and NO CHEATIN with Realtor.com, Zip, RedFin etc.
sdrealtor
ParticipantI just checked in with a stat that I used to follow very closely. The stat is what is going on with the newer (built after 1990) 4BR/3BA 2400 sq ft plus homes in South Carlsbad/Encinitas (i.e. San Dieguito Schools) and last year I used under $850K. These were the kind of homes a well paid professional family would look for when relocated to the area. This year I think we should use under 800K if not 775K (a 5 to 10% decline).
Last year I proclaimed the market would be sticky and that it would be tough to find a decent home because there were only about 10 homes in this category. These are the bread and butter homes that should be easy to find in this area. When we hit February there will be alot of folks looking for homes like this.
Let’s see how many you piggies think are out there today? Post your guesses and NO CHEATIN with Realtor.com, Zip, RedFin etc.
sdrealtor
ParticipantI just checked in with a stat that I used to follow very closely. The stat is what is going on with the newer (built after 1990) 4BR/3BA 2400 sq ft plus homes in South Carlsbad/Encinitas (i.e. San Dieguito Schools) and last year I used under $850K. These were the kind of homes a well paid professional family would look for when relocated to the area. This year I think we should use under 800K if not 775K (a 5 to 10% decline).
Last year I proclaimed the market would be sticky and that it would be tough to find a decent home because there were only about 10 homes in this category. These are the bread and butter homes that should be easy to find in this area. When we hit February there will be alot of folks looking for homes like this.
Let’s see how many you piggies think are out there today? Post your guesses and NO CHEATIN with Realtor.com, Zip, RedFin etc.
sdrealtor
ParticipantI just checked in with a stat that I used to follow very closely. The stat is what is going on with the newer (built after 1990) 4BR/3BA 2400 sq ft plus homes in South Carlsbad/Encinitas (i.e. San Dieguito Schools) and last year I used under $850K. These were the kind of homes a well paid professional family would look for when relocated to the area. This year I think we should use under 800K if not 775K (a 5 to 10% decline).
Last year I proclaimed the market would be sticky and that it would be tough to find a decent home because there were only about 10 homes in this category. These are the bread and butter homes that should be easy to find in this area. When we hit February there will be alot of folks looking for homes like this.
Let’s see how many you piggies think are out there today? Post your guesses and NO CHEATIN with Realtor.com, Zip, RedFin etc.
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