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November 24, 2007 at 8:17 AM in reply to: Slow decline or is a big chunk about to be ripped out? #103188November 24, 2007 at 8:17 AM in reply to: Slow decline or is a big chunk about to be ripped out? #103270
sdrealtor
ParticipantMy biggest difficulty in seeing a BIG CHUNK was understanding how it could happen administratively in the real world. The credit crunch happened very suddenly and while it is not surprising it’s arrival came a bit abruptly.
It has definitely sent shock waves through the market but we are all still here and it is still now. The market continues to adjust slowly. Prices are still creeping down slowly.
November 24, 2007 at 8:17 AM in reply to: Slow decline or is a big chunk about to be ripped out? #103283ParticipantMy biggest difficulty in seeing a BIG CHUNK was understanding how it could happen administratively in the real world. The credit crunch happened very suddenly and while it is not surprising it’s arrival came a bit abruptly.
It has definitely sent shock waves through the market but we are all still here and it is still now. The market continues to adjust slowly. Prices are still creeping down slowly.
November 24, 2007 at 8:17 AM in reply to: Slow decline or is a big chunk about to be ripped out? #103307ParticipantMy biggest difficulty in seeing a BIG CHUNK was understanding how it could happen administratively in the real world. The credit crunch happened very suddenly and while it is not surprising it’s arrival came a bit abruptly.
It has definitely sent shock waves through the market but we are all still here and it is still now. The market continues to adjust slowly. Prices are still creeping down slowly.
November 24, 2007 at 8:17 AM in reply to: Slow decline or is a big chunk about to be ripped out? #103329ParticipantMy biggest difficulty in seeing a BIG CHUNK was understanding how it could happen administratively in the real world. The credit crunch happened very suddenly and while it is not surprising it’s arrival came a bit abruptly.
It has definitely sent shock waves through the market but we are all still here and it is still now. The market continues to adjust slowly. Prices are still creeping down slowly.
ParticipantDan Millman
We are all here and it is now.
ParticipantDan Millman
We are all here and it is now.
ParticipantDan Millman
We are all here and it is now.
ParticipantDan Millman
We are all here and it is now.
ParticipantDan Millman
We are all here and it is now.
ParticipantEx-SD
You only got it half right when you say “All that matters is what someone is willing to pay for it and do they have the money (or can they get a loan) to close the sale”. That is what we call a willing buyer. The other half that matters is what we call a willing seller. That half depends upon what someone is willing to accept and is able to accept. Until the two meet we dont have a market price.I’m sure there are plenty of willing and able buyers for $1 homes but there are no willing sellers. this is an extreme example but it points out that there must be both.
ParticipantEx-SD
You only got it half right when you say “All that matters is what someone is willing to pay for it and do they have the money (or can they get a loan) to close the sale”. That is what we call a willing buyer. The other half that matters is what we call a willing seller. That half depends upon what someone is willing to accept and is able to accept. Until the two meet we dont have a market price.I’m sure there are plenty of willing and able buyers for $1 homes but there are no willing sellers. this is an extreme example but it points out that there must be both.
ParticipantEx-SD
You only got it half right when you say “All that matters is what someone is willing to pay for it and do they have the money (or can they get a loan) to close the sale”. That is what we call a willing buyer. The other half that matters is what we call a willing seller. That half depends upon what someone is willing to accept and is able to accept. Until the two meet we dont have a market price.I’m sure there are plenty of willing and able buyers for $1 homes but there are no willing sellers. this is an extreme example but it points out that there must be both.
ParticipantEx-SD
You only got it half right when you say “All that matters is what someone is willing to pay for it and do they have the money (or can they get a loan) to close the sale”. That is what we call a willing buyer. The other half that matters is what we call a willing seller. That half depends upon what someone is willing to accept and is able to accept. Until the two meet we dont have a market price.I’m sure there are plenty of willing and able buyers for $1 homes but there are no willing sellers. this is an extreme example but it points out that there must be both.
ParticipantEx-SD
You only got it half right when you say “All that matters is what someone is willing to pay for it and do they have the money (or can they get a loan) to close the sale”. That is what we call a willing buyer. The other half that matters is what we call a willing seller. That half depends upon what someone is willing to accept and is able to accept. Until the two meet we dont have a market price.I’m sure there are plenty of willing and able buyers for $1 homes but there are no willing sellers. this is an extreme example but it points out that there must be both.
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