[sdrealtor]

Very poor analogy! They will be lucky to sell for the amount of their debts. Hopefully they can payoff the big name investors. One of the founders was trying to buy a place from a colleague of mine and he couldnt afford what is not an expensive property. If they were selling for big money it would not have been a problem.

[sdrealtor]

Tucker is an obvious troll. Ingnore him/her and watch’em disappear.

[sdrealtor]

You have to go further back than that. I was shopping for houses in Mid-1997 and a decent starter house cost $225K or more then. In 1999, I was shopping also. You had to spend at least $325K for anything decent.

[sdrealtor]

Glad to see you got my joke. I was worried that you might take it the wrong way.

[sdrealtor]

Go to hell;)

[sdrealtor]

I disagree. It really depends upon your values. I used to live and work in a place where 1 to 2 hour commutes are the norm. Everyone does it and no one thinks twice about it. If you value being close to work by all means move close to work. If you value a specific lifestyle for your family (who by the way does not bear the brunt of the commute)and you are are willing to make the commute, go where you will be happiest. Free choice is where it is at.

[sdrealtor]

How my rant turned into a religious thread displeases me. Out of respect for my beliefs or lack there of 😉 please start a new thread on that topic.

[sdrealtor]

The real estate scumbags taking advantage of the Mexican immigrants are typically from within the Mexican community. It’s disgusting how they feed on their own not that it would be any better if they were feeding on others.

[sdrealtor]

Perhaps I was abit pissy this morning and I apologize but we really need to look for changes not just what we continue to see. The chart is useful because it gives us something to objectively watch over the next couple months. It’s nice to agree with Rich’s theory but that is not what we are here for. We are here to learn and to stay ahead of the curve.

The excess inventory puts pressure on prices. If alot of the inventory vanishes so will some of the downward pressure on prices. Personally I hope it stays high because it will help me to negotiate for my buyers that will be purchasing in late Fall. I recently had a client purchase a home in the mid $1M’s against comps close to $2M. High inventory makes my job easier when representing buyers.

[sdrealtor]

Sad isn’t it

[sdrealtor]

Amazing! It is a break in a trend that has persisted for a few years and is significant. Yes inventory typically has declined in the Fall. But this year it declined in Summer. You are minimizing it also. These are the types of changes we should be looking for. When we see them, we should follow them as they could lead us to places we may not have considered before.

[sdrealtor]

I’ve been to Amarillo before and the only thing I remember was a bunch of old Cadillacs buried in the ground. I think you also have a monument to helium. Thats all I remember.

[sdrealtor]

I think Anderson is full of BS and told you so before you wasted your money going. They have never been right. I have colleagues that tell stories about them saying CA is recession proof 1 month before the market tanked a decade ago.

[sdrealtor]

Duuuddde,
Save your breathe. It is obvious she is not interested in real analysis. She is only interested in furthering her own agenda of feeling she made the right decision and believing that she will buy a home in a few years at nominally 50% off the current prices. You provided a thoughtful, accurate and gentlemanly explanation to which she responded “peace to you”. Does that sound like someone interested in listening to reason?

[sdrealtor]

duuuddde,
To the untrained eye it may appear that way. I just spent 5 minutes looking at the MLS. Granted I have not personally seen these homes and am relying on photos but this is what I see.

This time last year an approx 1400 sq ft home on the MT. streets (I think thats where you said you were) would sell for 525K to 550K in generally clean but unremodelled original condition. This year a home that size goes for about 500K with some remodelling done. There are currently more than a dozen on the market some of which have been highly upgraded. To sell they will have to lower their asking prices quite a bit. Statisitics aside, I think its fair to say that area is down 10% also.

[Author]

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