[sdrealtor]

ocr,
While what you explain seems reasonable on the outside it isnt as reasonable on the inside. It’s all about price compression. There is a minimum price entry point for housing in the area and as newer homes Belleza is above that by a certain margin. Once you reach 600K and 800K for the bigger homes, you start competing with older entry level homes in more desirable locations like Carlsbad/Encinitas. Ultimately this will push down the prices of Belleza but it takes time. patience Grasshoppah!

[sdrealtor]

ocr,
While what you explain seems reasonable on the outside it isnt as reasonable on the inside. It’s all about price compression. There is a minimum price entry point for housing in the area and as newer homes Belleza is above that by a certain margin. Once you reach 600K and 800K for the bigger homes, you start competing with older entry level homes in more desirable locations like Carlsbad/Encinitas. Ultimately this will push down the prices of Belleza but it takes time. patience Grasshoppah!

[sdrealtor]

ocr,
While what you explain seems reasonable on the outside it isnt as reasonable on the inside. It’s all about price compression. There is a minimum price entry point for housing in the area and as newer homes Belleza is above that by a certain margin. Once you reach 600K and 800K for the bigger homes, you start competing with older entry level homes in more desirable locations like Carlsbad/Encinitas. Ultimately this will push down the prices of Belleza but it takes time. patience Grasshoppah!

[sdrealtor]

ocr,
While what you explain seems reasonable on the outside it isnt as reasonable on the inside. It’s all about price compression. There is a minimum price entry point for housing in the area and as newer homes Belleza is above that by a certain margin. Once you reach 600K and 800K for the bigger homes, you start competing with older entry level homes in more desirable locations like Carlsbad/Encinitas. Ultimately this will push down the prices of Belleza but it takes time. patience Grasshoppah!

[sdrealtor]

ocr,
While what you explain seems reasonable on the outside it isnt as reasonable on the inside. It’s all about price compression. There is a minimum price entry point for housing in the area and as newer homes Belleza is above that by a certain margin. Once you reach 600K and 800K for the bigger homes, you start competing with older entry level homes in more desirable locations like Carlsbad/Encinitas. Ultimately this will push down the prices of Belleza but it takes time. patience Grasshoppah!

[sdrealtor]

Gimme Break!

OCR,
The story hasnt just begun! It began about 4 years at the beginning of 2004 when things got completely whacked! I still stand by my comments that you mocked 100% and will be back on 12/31/07 to taunt you in return. There is NO WAY you will see “the 2300 sq ft model that was the basis of this thread from the outset sell at a price close to the low 400’s. End of story!”

I thought you were smart enough to realize that extraordinary low asking prices set on short sales are intended to bring offers to the table so the seller can at least find out what the bank will do?

Breeze,
I own my dream home that I have been in for about a decade with a very low mortgage locked in for 30 yrs well below 6%. Not that I’ll ever sell but it is still worth at least 2X what I paid. I could write a check today and pay it off if I wanted to. I also own 2 other very profitable businesses that provide most of my income completely unrelated to RE. RE commissions are nice but certainly not something I sit around waiting for.

All,
Those Joy Ct homes are ridiculous! Have any of you ever been in one? I have. They are huge McMansions in a lousy location overlooking a busy road, industrial parks and what looks like a swamp or toxic waste. Frankly, I cant believe that anyone ever bought one at any price.

SD R,
Thank you for being the voice of reason. I am as bearish as anyone. The big difference is that I (and you) understand how this plays out on a micro level. Things take time! Most of the folks out here as guilty of greed and impatience as the the FB’s who bought on the way up.

Patience Grasshoppahs! It’s coming….

Lastly, OCR a belated “Your Welcome” as I have provided you leads for some of the best material on your blog without taking credit.

sdr

[sdrealtor]

Gimme Break!

OCR,
The story hasnt just begun! It began about 4 years at the beginning of 2004 when things got completely whacked! I still stand by my comments that you mocked 100% and will be back on 12/31/07 to taunt you in return. There is NO WAY you will see “the 2300 sq ft model that was the basis of this thread from the outset sell at a price close to the low 400’s. End of story!”

I thought you were smart enough to realize that extraordinary low asking prices set on short sales are intended to bring offers to the table so the seller can at least find out what the bank will do?

Breeze,
I own my dream home that I have been in for about a decade with a very low mortgage locked in for 30 yrs well below 6%. Not that I’ll ever sell but it is still worth at least 2X what I paid. I could write a check today and pay it off if I wanted to. I also own 2 other very profitable businesses that provide most of my income completely unrelated to RE. RE commissions are nice but certainly not something I sit around waiting for.

All,
Those Joy Ct homes are ridiculous! Have any of you ever been in one? I have. They are huge McMansions in a lousy location overlooking a busy road, industrial parks and what looks like a swamp or toxic waste. Frankly, I cant believe that anyone ever bought one at any price.

SD R,
Thank you for being the voice of reason. I am as bearish as anyone. The big difference is that I (and you) understand how this plays out on a micro level. Things take time! Most of the folks out here as guilty of greed and impatience as the the FB’s who bought on the way up.

Patience Grasshoppahs! It’s coming….

Lastly, OCR a belated “Your Welcome” as I have provided you leads for some of the best material on your blog without taking credit.

sdr

[sdrealtor]

Gimme Break!

OCR,
The story hasnt just begun! It began about 4 years at the beginning of 2004 when things got completely whacked! I still stand by my comments that you mocked 100% and will be back on 12/31/07 to taunt you in return. There is NO WAY you will see “the 2300 sq ft model that was the basis of this thread from the outset sell at a price close to the low 400’s. End of story!”

I thought you were smart enough to realize that extraordinary low asking prices set on short sales are intended to bring offers to the table so the seller can at least find out what the bank will do?

Breeze,
I own my dream home that I have been in for about a decade with a very low mortgage locked in for 30 yrs well below 6%. Not that I’ll ever sell but it is still worth at least 2X what I paid. I could write a check today and pay it off if I wanted to. I also own 2 other very profitable businesses that provide most of my income completely unrelated to RE. RE commissions are nice but certainly not something I sit around waiting for.

All,
Those Joy Ct homes are ridiculous! Have any of you ever been in one? I have. They are huge McMansions in a lousy location overlooking a busy road, industrial parks and what looks like a swamp or toxic waste. Frankly, I cant believe that anyone ever bought one at any price.

SD R,
Thank you for being the voice of reason. I am as bearish as anyone. The big difference is that I (and you) understand how this plays out on a micro level. Things take time! Most of the folks out here as guilty of greed and impatience as the the FB’s who bought on the way up.

Patience Grasshoppahs! It’s coming….

Lastly, OCR a belated “Your Welcome” as I have provided you leads for some of the best material on your blog without taking credit.

sdr

[sdrealtor]

Gimme Break!

OCR,
The story hasnt just begun! It began about 4 years at the beginning of 2004 when things got completely whacked! I still stand by my comments that you mocked 100% and will be back on 12/31/07 to taunt you in return. There is NO WAY you will see “the 2300 sq ft model that was the basis of this thread from the outset sell at a price close to the low 400’s. End of story!”

I thought you were smart enough to realize that extraordinary low asking prices set on short sales are intended to bring offers to the table so the seller can at least find out what the bank will do?

Breeze,
I own my dream home that I have been in for about a decade with a very low mortgage locked in for 30 yrs well below 6%. Not that I’ll ever sell but it is still worth at least 2X what I paid. I could write a check today and pay it off if I wanted to. I also own 2 other very profitable businesses that provide most of my income completely unrelated to RE. RE commissions are nice but certainly not something I sit around waiting for.

All,
Those Joy Ct homes are ridiculous! Have any of you ever been in one? I have. They are huge McMansions in a lousy location overlooking a busy road, industrial parks and what looks like a swamp or toxic waste. Frankly, I cant believe that anyone ever bought one at any price.

SD R,
Thank you for being the voice of reason. I am as bearish as anyone. The big difference is that I (and you) understand how this plays out on a micro level. Things take time! Most of the folks out here as guilty of greed and impatience as the the FB’s who bought on the way up.

Patience Grasshoppahs! It’s coming….

Lastly, OCR a belated “Your Welcome” as I have provided you leads for some of the best material on your blog without taking credit.

sdr

[sdrealtor]

Gimme Break!

OCR,
The story hasnt just begun! It began about 4 years at the beginning of 2004 when things got completely whacked! I still stand by my comments that you mocked 100% and will be back on 12/31/07 to taunt you in return. There is NO WAY you will see “the 2300 sq ft model that was the basis of this thread from the outset sell at a price close to the low 400’s. End of story!”

I thought you were smart enough to realize that extraordinary low asking prices set on short sales are intended to bring offers to the table so the seller can at least find out what the bank will do?

Breeze,
I own my dream home that I have been in for about a decade with a very low mortgage locked in for 30 yrs well below 6%. Not that I’ll ever sell but it is still worth at least 2X what I paid. I could write a check today and pay it off if I wanted to. I also own 2 other very profitable businesses that provide most of my income completely unrelated to RE. RE commissions are nice but certainly not something I sit around waiting for.

All,
Those Joy Ct homes are ridiculous! Have any of you ever been in one? I have. They are huge McMansions in a lousy location overlooking a busy road, industrial parks and what looks like a swamp or toxic waste. Frankly, I cant believe that anyone ever bought one at any price.

SD R,
Thank you for being the voice of reason. I am as bearish as anyone. The big difference is that I (and you) understand how this plays out on a micro level. Things take time! Most of the folks out here as guilty of greed and impatience as the the FB’s who bought on the way up.

Patience Grasshoppahs! It’s coming….

Lastly, OCR a belated “Your Welcome” as I have provided you leads for some of the best material on your blog without taking credit.

sdr

[sdrealtor]

The good news is that if your home was ever worth 1.1 to 1.2M it is worth alot more than 875K. Of course the collary is that it might not have been worth that much. Unless your 3000 sq ft home is one of the the homes with tiny yards that overlooks RSF Rd. it is probably worth quite a bit more than 875K.

If you want to sell I’d sit tight for at least a few months. Every Spring relo buyers swarm LCV because of all it offers and you will make out better between March and May than you would now. IMHO, it is at least 2 years before any major depreciation could befall LCV. There just arent alot of subprime loans floating around there and my guess is that the typical buyer there in the last couple years hada HH income of at least 200K or had 150K+ incoem and put down alot of money. Until we see resets on 5/1 arm’s for the 04 to 06 buyers there is unlikely to be real pain there. I’d expect some small depreciation the next couple years but if rates stay low hom3es in that general area and price range should do OK.

The real question is what does your life dictate? I have tons of friends in LCV and most love it there. If you are or are planning to raise a family there arent many better places around SD to do it. If you are looking to time the market, that ship has mostly likely sailed already.

[sdrealtor]

The good news is that if your home was ever worth 1.1 to 1.2M it is worth alot more than 875K. Of course the collary is that it might not have been worth that much. Unless your 3000 sq ft home is one of the the homes with tiny yards that overlooks RSF Rd. it is probably worth quite a bit more than 875K.

If you want to sell I’d sit tight for at least a few months. Every Spring relo buyers swarm LCV because of all it offers and you will make out better between March and May than you would now. IMHO, it is at least 2 years before any major depreciation could befall LCV. There just arent alot of subprime loans floating around there and my guess is that the typical buyer there in the last couple years hada HH income of at least 200K or had 150K+ incoem and put down alot of money. Until we see resets on 5/1 arm’s for the 04 to 06 buyers there is unlikely to be real pain there. I’d expect some small depreciation the next couple years but if rates stay low hom3es in that general area and price range should do OK.

The real question is what does your life dictate? I have tons of friends in LCV and most love it there. If you are or are planning to raise a family there arent many better places around SD to do it. If you are looking to time the market, that ship has mostly likely sailed already.

[sdrealtor]

The good news is that if your home was ever worth 1.1 to 1.2M it is worth alot more than 875K. Of course the collary is that it might not have been worth that much. Unless your 3000 sq ft home is one of the the homes with tiny yards that overlooks RSF Rd. it is probably worth quite a bit more than 875K.

If you want to sell I’d sit tight for at least a few months. Every Spring relo buyers swarm LCV because of all it offers and you will make out better between March and May than you would now. IMHO, it is at least 2 years before any major depreciation could befall LCV. There just arent alot of subprime loans floating around there and my guess is that the typical buyer there in the last couple years hada HH income of at least 200K or had 150K+ incoem and put down alot of money. Until we see resets on 5/1 arm’s for the 04 to 06 buyers there is unlikely to be real pain there. I’d expect some small depreciation the next couple years but if rates stay low hom3es in that general area and price range should do OK.

The real question is what does your life dictate? I have tons of friends in LCV and most love it there. If you are or are planning to raise a family there arent many better places around SD to do it. If you are looking to time the market, that ship has mostly likely sailed already.

[sdrealtor]

The good news is that if your home was ever worth 1.1 to 1.2M it is worth alot more than 875K. Of course the collary is that it might not have been worth that much. Unless your 3000 sq ft home is one of the the homes with tiny yards that overlooks RSF Rd. it is probably worth quite a bit more than 875K.

If you want to sell I’d sit tight for at least a few months. Every Spring relo buyers swarm LCV because of all it offers and you will make out better between March and May than you would now. IMHO, it is at least 2 years before any major depreciation could befall LCV. There just arent alot of subprime loans floating around there and my guess is that the typical buyer there in the last couple years hada HH income of at least 200K or had 150K+ incoem and put down alot of money. Until we see resets on 5/1 arm’s for the 04 to 06 buyers there is unlikely to be real pain there. I’d expect some small depreciation the next couple years but if rates stay low hom3es in that general area and price range should do OK.

The real question is what does your life dictate? I have tons of friends in LCV and most love it there. If you are or are planning to raise a family there arent many better places around SD to do it. If you are looking to time the market, that ship has mostly likely sailed already.

[sdrealtor]

The good news is that if your home was ever worth 1.1 to 1.2M it is worth alot more than 875K. Of course the collary is that it might not have been worth that much. Unless your 3000 sq ft home is one of the the homes with tiny yards that overlooks RSF Rd. it is probably worth quite a bit more than 875K.

If you want to sell I’d sit tight for at least a few months. Every Spring relo buyers swarm LCV because of all it offers and you will make out better between March and May than you would now. IMHO, it is at least 2 years before any major depreciation could befall LCV. There just arent alot of subprime loans floating around there and my guess is that the typical buyer there in the last couple years hada HH income of at least 200K or had 150K+ incoem and put down alot of money. Until we see resets on 5/1 arm’s for the 04 to 06 buyers there is unlikely to be real pain there. I’d expect some small depreciation the next couple years but if rates stay low hom3es in that general area and price range should do OK.

The real question is what does your life dictate? I have tons of friends in LCV and most love it there. If you are or are planning to raise a family there arent many better places around SD to do it. If you are looking to time the market, that ship has mostly likely sailed already.

[Author]

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