[smshorttimer]

[quote=SD Realtor]Make no mistake about it, those who will benefit most from the rising rate environment will be the ones who have piles of cash. I didnt run your numbers AN but I do agree with your premise, the only comment I may throw in is that the 120k used to put down for the 600k home is now used for buying the 500k home so the buyer is coming in with a bit more cash to lower the balance a bit, but you may have already accounted for that.

The higher rates will help drag pricing down but pricing will FOLLOW the rates and that rubber band is a few months at least and not instantly. I am thinking over a longer term rates will be in double digits but that will be a ways out I believe.

Your illustration is very useful though. The moral of the story is if you are waiting to pounce when prices dump due to high rates, make sure you have a nice pile.[/quote]

Our pile only goes so far in San Diego Co., but a higher-interest environment is an interesting thought.

And I bet I’m not the only fence-sitter rooting for an expiration of the tax credit. I’m also not foolish enough to assume it would exert a huge downward push on prices, though.

[smshorttimer]

[quote=SD Realtor]Make no mistake about it, those who will benefit most from the rising rate environment will be the ones who have piles of cash. I didnt run your numbers AN but I do agree with your premise, the only comment I may throw in is that the 120k used to put down for the 600k home is now used for buying the 500k home so the buyer is coming in with a bit more cash to lower the balance a bit, but you may have already accounted for that.

The higher rates will help drag pricing down but pricing will FOLLOW the rates and that rubber band is a few months at least and not instantly. I am thinking over a longer term rates will be in double digits but that will be a ways out I believe.

Your illustration is very useful though. The moral of the story is if you are waiting to pounce when prices dump due to high rates, make sure you have a nice pile.[/quote]

Our pile only goes so far in San Diego Co., but a higher-interest environment is an interesting thought.

And I bet I’m not the only fence-sitter rooting for an expiration of the tax credit. I’m also not foolish enough to assume it would exert a huge downward push on prices, though.

[smshorttimer]

[quote=SD Realtor]Make no mistake about it, those who will benefit most from the rising rate environment will be the ones who have piles of cash. I didnt run your numbers AN but I do agree with your premise, the only comment I may throw in is that the 120k used to put down for the 600k home is now used for buying the 500k home so the buyer is coming in with a bit more cash to lower the balance a bit, but you may have already accounted for that.

The higher rates will help drag pricing down but pricing will FOLLOW the rates and that rubber band is a few months at least and not instantly. I am thinking over a longer term rates will be in double digits but that will be a ways out I believe.

Your illustration is very useful though. The moral of the story is if you are waiting to pounce when prices dump due to high rates, make sure you have a nice pile.[/quote]

Our pile only goes so far in San Diego Co., but a higher-interest environment is an interesting thought.

And I bet I’m not the only fence-sitter rooting for an expiration of the tax credit. I’m also not foolish enough to assume it would exert a huge downward push on prices, though.

[smshorttimer]

[quote=SD Realtor]Make no mistake about it, those who will benefit most from the rising rate environment will be the ones who have piles of cash. I didnt run your numbers AN but I do agree with your premise, the only comment I may throw in is that the 120k used to put down for the 600k home is now used for buying the 500k home so the buyer is coming in with a bit more cash to lower the balance a bit, but you may have already accounted for that.

The higher rates will help drag pricing down but pricing will FOLLOW the rates and that rubber band is a few months at least and not instantly. I am thinking over a longer term rates will be in double digits but that will be a ways out I believe.

Your illustration is very useful though. The moral of the story is if you are waiting to pounce when prices dump due to high rates, make sure you have a nice pile.[/quote]

Our pile only goes so far in San Diego Co., but a higher-interest environment is an interesting thought.

And I bet I’m not the only fence-sitter rooting for an expiration of the tax credit. I’m also not foolish enough to assume it would exert a huge downward push on prices, though.

[smshorttimer]

[quote=SD Realtor]Make no mistake about it, those who will benefit most from the rising rate environment will be the ones who have piles of cash. I didnt run your numbers AN but I do agree with your premise, the only comment I may throw in is that the 120k used to put down for the 600k home is now used for buying the 500k home so the buyer is coming in with a bit more cash to lower the balance a bit, but you may have already accounted for that.

The higher rates will help drag pricing down but pricing will FOLLOW the rates and that rubber band is a few months at least and not instantly. I am thinking over a longer term rates will be in double digits but that will be a ways out I believe.

Your illustration is very useful though. The moral of the story is if you are waiting to pounce when prices dump due to high rates, make sure you have a nice pile.[/quote]

Our pile only goes so far in San Diego Co., but a higher-interest environment is an interesting thought.

And I bet I’m not the only fence-sitter rooting for an expiration of the tax credit. I’m also not foolish enough to assume it would exert a huge downward push on prices, though.

[smshorttimer]

[quote=SD Realtor]

Hopefully that will change. I think the best chance you will see for that to happen is a rapid rise in interest rates.[/quote]

So your total payment might be the same, but you’ll pay a little less on property taxes and get some more deductible interest?

[smshorttimer]

[quote=SD Realtor]

Hopefully that will change. I think the best chance you will see for that to happen is a rapid rise in interest rates.[/quote]

So your total payment might be the same, but you’ll pay a little less on property taxes and get some more deductible interest?

[smshorttimer]

[quote=SD Realtor]

Hopefully that will change. I think the best chance you will see for that to happen is a rapid rise in interest rates.[/quote]

So your total payment might be the same, but you’ll pay a little less on property taxes and get some more deductible interest?

[smshorttimer]

[quote=SD Realtor]

Hopefully that will change. I think the best chance you will see for that to happen is a rapid rise in interest rates.[/quote]

So your total payment might be the same, but you’ll pay a little less on property taxes and get some more deductible interest?

[smshorttimer]

[quote=SD Realtor]

Hopefully that will change. I think the best chance you will see for that to happen is a rapid rise in interest rates.[/quote]

So your total payment might be the same, but you’ll pay a little less on property taxes and get some more deductible interest?

[smshorttimer]

[quote=Nor-LA-SD-guy]
Believe it or not the SD/OC/LA population is still growing at a very rapid rate (with both domestic migration and a lot more immigration from Asia ” both legal and illegal immigration)[/quote]

That just does not ring true with my recollection, based on news stories. Sources?

[smshorttimer]

[quote=Nor-LA-SD-guy]
Believe it or not the SD/OC/LA population is still growing at a very rapid rate (with both domestic migration and a lot more immigration from Asia ” both legal and illegal immigration)[/quote]

That just does not ring true with my recollection, based on news stories. Sources?

[smshorttimer]

[quote=Nor-LA-SD-guy]
Believe it or not the SD/OC/LA population is still growing at a very rapid rate (with both domestic migration and a lot more immigration from Asia ” both legal and illegal immigration)[/quote]

That just does not ring true with my recollection, based on news stories. Sources?

[smshorttimer]

[quote=Nor-LA-SD-guy]
Believe it or not the SD/OC/LA population is still growing at a very rapid rate (with both domestic migration and a lot more immigration from Asia ” both legal and illegal immigration)[/quote]

That just does not ring true with my recollection, based on news stories. Sources?

[smshorttimer]

[quote=Nor-LA-SD-guy]
Believe it or not the SD/OC/LA population is still growing at a very rapid rate (with both domestic migration and a lot more immigration from Asia ” both legal and illegal immigration)[/quote]

That just does not ring true with my recollection, based on news stories. Sources?

[Author]

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