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sdrealtor
ParticipantCardiffBaseball,
A little off topic, but the house on Playa Riveria is in escrow and sold in about a month once they hired a realtor. Asking price was down to around $689K.ParticipantIf you saw the house, you would say adorable too. It’s the kind of house that after driving a client around for hours, you drive by and they say I’m looking for one that looks like that. Find me one like that and i’ll buy it.
BTW, what is Top Ramen?
Participant“Naw the next scam will be no payments or interest rates till 2008!”
It’s not coming, it’s already here!!! About 3 months ago, I saw a lender touting a program that allows the buyer to build their first 12 months of payments into the purchase price.
ParticipantWow, you have all knocked me over with this backlash. It was a sincere question. He has a beautiful home and I’m sure it was a tough decision whether to sell or keep it. We are all very interested in what goes through the mind of homeowners facing these decisions. I’m not in the position he was in. If I was I dont know how I would have handled it. I think there is probably something to learn for all of us if he, an industry insider, faced with the decision we routinely discuss was willing to share his experience. If he doesnt want to share, that’s his perogative and I’d understand that it was a personal matter.
That’s all it was.
ParticipantAugust 16, 2006 at 11:17 PM in reply to: The Real Story Behind the Los Angeles County 6.6% Median Price Increase #32109ParticipantThe lower priced areas saw higher appreciation rates because housing prices increase in dollars not percentages. Thus when everything went up by 200K, the 400K homes increased by 50% while the 800K homes only increased by 25%. In reality both enjoyed the same $200K bump. Likewise prices will fall the same way.
ParticipantLindi
You seem to have missed out on what were obviously very sarcastic f/u comments made to a comment by an uninformed recetn transplant. We all know Kensington and Mission Hills are spectacular as are many other areas south of 8!ParticipantDoh! My bad, got it.
Participantroflmao
ParticipantI guess this just keeps on going as your grammer is off also “what’s even more funnier is that” should simply be “what is even funnier is”
Participant“I’ll wait till things start turning up in earnest before I start buying.”
Thats great advice to follow after the shake out and pretty simple to follow which was my point to begin with. I’ll be buying too as will many of my clients, friends and family members.
ParticipantPersonally I belive there is an over fixation here on catching the absolute bottom of things. You will be buying a home, a place to live and enjoy not a financial instrument. PS is on the right track with her metrics but I dont believe any of you will have to be that scientific about a market that is so heavily based on emotion. In the next few years there should be a time to buy when it just plain makes sense to do so unlike today. It may not be the absolute bottom but it will be within driving distance of it. When prices have settled at a point that seems reasonable for a while, go out, find a home you love and buy it. Dont worry about making money on it, worry about whether you love it and can afford it with conservative financing. Then get on with the business of enjoying life. In the long run we are all dead.
Participantsmall sample size, unique products and bad data
ParticipantZoning is R3. Can they put a duplex on it?
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