[sdrealtor]

I’d look into senior affordable housing options also. They are pegged to your income so it may surprise you how affordable it would be for her. You wont know until you check into one.

[sdrealtor]

There are lots of Independent living/Sr living facilities in your area. There are also apartments. Why not find her a place to live nearby?

[sdrealtor]

Good hard working realtors have been doing that for years. Its not desparate, its called getting back to basics.

[sdrealtor]

lbc,
I agree with you about there being too many holes to plug. But plugging half of them (or any % of them for that matter) slows down the deluge. The longer it goes on, the longer the market has to inflate itself out of some of this not to mention the addition of cockamamey creative solutions you or I would never even dream of.

[sdrealtor]

SD R,
You are right on target and these folks just dont want to believe it. Piggingtons are the minority by far. The vast majority of Americans are invested in homes retaining value and want to see government/industry intervention in times of economic distress. There will be numerous efforts from every level of government and industry to deal with the problems whether we like it or not. While no amount of intervention will likely solve all of the problems or keep prices elevated at these levels, the invisible hand will not be left to take care of the market on its own. Anyone that completely discounts the collective impact of all that is coming is a bit naive imo.

[sdrealtor]

sorry kewp but I’ve got plenty of world class education under my belt. No need to hedge for that.

[sdrealtor]

Not to worry kewp! I’ve got twenty 100-gallon barrels of kool aid in my garage to hedge against powdered drink mix inflation.

get a life!

(sorry bout the monitor surveyor)

[sdrealtor]

You forgot lining your walls with tin foil to hedge against alien invasions.

[sdrealtor]

I guess that USD sheepskin doesnt mean much. It’s Alan Gin, see for yourself.

http://home.sandiego.edu/~agin/

[sdrealtor]

SD R
I agree that clarification is needed and I dont believe that I said Lots of homeowners with alot of equity moving on, at least that wasnt my intention. What i have seen is more 50K price drops on the asking than I have seen in a while. I didnt take the time to comp them out but did check the tax records to see how long they were there in a few cases. I dont believe the asking prices represent new lows or big chunks down but rather a willingness of some sellers to try a find where the market actually is today. My general recollection is that these homes were owned for at least 10 years and were well maintained but in need of lots of updating/remodelling. Prices in my area are still relatively stable but I expect them to creep down ab it over the next couple months.

[sdrealtor]

Mine is doing fine though I’m sure many others are in deep sh#t. I just ran a report on one of the top agent/teams in my area. The full page weekly UT ad kind. He’s got about 50 active listings and 1 in escrow. I’m sure he’s got plenty of reserves but still thats gotta hurt to carry that much. Cyphire’s agent has his house on the market for about 6 months and will probably go under within a year or two just like they did in the last go round.

My office actually is looking to gain market share and will continue to push. There could be a couple casualties but the vast majority will do just fine. As for me, my broker understands my position and knows I am an asset to the office. I also produce a good level so they accept it for what it is.

[sdrealtor]

Sandi,
I said that I have seen some but it certainly isnt widespread. They are also dropping prices down around or just below comps rather than truely dumping on price. It will still take quite some time.

[sdrealtor]

Let me guess where you live…………

[sdrealtor]

To be honest, I’ve been spending more time on my other businesses rather than banging my head against the wall all day in RE. They are much more profitable and growing at a healthy clip. I’m already more than satisifed with 2007 and anything else that comes my way is a bonus. I’ve also got a couple nice things lined up for 2008. I’m really sitting back and taking it all in. I have seen an increasing number of realtors listing their homes of late including some pretty high profile guys and gals with big mortgages. I have also seen a bunch of listings in my area see 50K and more price drops. Mostly long time owners with lots of equity who are moving on and willing to do so at these price levels.

[sdrealtor]

Update time! Sorry Guys and gals, I ran the numbers on Monday and forgot to update the thread.

Short sales 4,518 up from 4,343 last week. Still no end in sight here.

Countywide we are at 19,629 down from 19,644 last week. Inventory seems to have flattened again.

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