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stansd
ParticipantGot it. Makes sense now, though I’m wondering why the prior owner didn’t sell it rather than letting it go back to the bank.
Isn’t the trustee sales price typically the loan balance?
Rustico, are there publicly available sources that can help me figure out what’s going on in instances like this?
Stan
stansd
ParticipantGot it. Makes sense now, though I’m wondering why the prior owner didn’t sell it rather than letting it go back to the bank.
Isn’t the trustee sales price typically the loan balance?
Rustico, are there publicly available sources that can help me figure out what’s going on in instances like this?
Stan
stansd
ParticipantGot it. Makes sense now, though I’m wondering why the prior owner didn’t sell it rather than letting it go back to the bank.
Isn’t the trustee sales price typically the loan balance?
Rustico, are there publicly available sources that can help me figure out what’s going on in instances like this?
Stan
stansd
ParticipantGot it. Makes sense now, though I’m wondering why the prior owner didn’t sell it rather than letting it go back to the bank.
Isn’t the trustee sales price typically the loan balance?
Rustico, are there publicly available sources that can help me figure out what’s going on in instances like this?
Stan
January 31, 2008 at 4:52 PM in reply to: I predict the rate cuts will lead to more inventory #146252stansd
ParticipantI think you’ve had a bit too much of the piggington Kool Aid. I would anticipate the effect being the opposite. The average San Diegan still thinks housing is a great investment, and a market that has dropped 15% in the last year combined with near record-low interest rates (particularly when the jumbos go conforming) is going to be too much to pass up.
I’m not saying inventory won’t rise, but I do believe it will be lower than if they didn’t cut.
Stan
January 31, 2008 at 4:52 PM in reply to: I predict the rate cuts will lead to more inventory #146496stansd
ParticipantI think you’ve had a bit too much of the piggington Kool Aid. I would anticipate the effect being the opposite. The average San Diegan still thinks housing is a great investment, and a market that has dropped 15% in the last year combined with near record-low interest rates (particularly when the jumbos go conforming) is going to be too much to pass up.
I’m not saying inventory won’t rise, but I do believe it will be lower than if they didn’t cut.
Stan
January 31, 2008 at 4:52 PM in reply to: I predict the rate cuts will lead to more inventory #146523stansd
ParticipantI think you’ve had a bit too much of the piggington Kool Aid. I would anticipate the effect being the opposite. The average San Diegan still thinks housing is a great investment, and a market that has dropped 15% in the last year combined with near record-low interest rates (particularly when the jumbos go conforming) is going to be too much to pass up.
I’m not saying inventory won’t rise, but I do believe it will be lower than if they didn’t cut.
Stan
January 31, 2008 at 4:52 PM in reply to: I predict the rate cuts will lead to more inventory #146534stansd
ParticipantI think you’ve had a bit too much of the piggington Kool Aid. I would anticipate the effect being the opposite. The average San Diegan still thinks housing is a great investment, and a market that has dropped 15% in the last year combined with near record-low interest rates (particularly when the jumbos go conforming) is going to be too much to pass up.
I’m not saying inventory won’t rise, but I do believe it will be lower than if they didn’t cut.
Stan
January 31, 2008 at 4:52 PM in reply to: I predict the rate cuts will lead to more inventory #146595stansd
ParticipantI think you’ve had a bit too much of the piggington Kool Aid. I would anticipate the effect being the opposite. The average San Diegan still thinks housing is a great investment, and a market that has dropped 15% in the last year combined with near record-low interest rates (particularly when the jumbos go conforming) is going to be too much to pass up.
I’m not saying inventory won’t rise, but I do believe it will be lower than if they didn’t cut.
Stan
stansd
ParticipantNegotiate, my friend…if the company is growing as rapidly as you say, they should be interested in negotiating, particularly if you play the sob story about how your fiance is in college, you can’t afford a house yet, and your fiance desperately wants to get pregnant. With a little luck you can equalize the salary plus get some options.
The whole scenario seems a bit odd to me. I can see a sales manager being bonus dependent based on performance, but for the manager to take that kind of a cut purely on the option opportunity seems to be a bit much.
Stan
stansd
ParticipantNegotiate, my friend…if the company is growing as rapidly as you say, they should be interested in negotiating, particularly if you play the sob story about how your fiance is in college, you can’t afford a house yet, and your fiance desperately wants to get pregnant. With a little luck you can equalize the salary plus get some options.
The whole scenario seems a bit odd to me. I can see a sales manager being bonus dependent based on performance, but for the manager to take that kind of a cut purely on the option opportunity seems to be a bit much.
Stan
stansd
ParticipantNegotiate, my friend…if the company is growing as rapidly as you say, they should be interested in negotiating, particularly if you play the sob story about how your fiance is in college, you can’t afford a house yet, and your fiance desperately wants to get pregnant. With a little luck you can equalize the salary plus get some options.
The whole scenario seems a bit odd to me. I can see a sales manager being bonus dependent based on performance, but for the manager to take that kind of a cut purely on the option opportunity seems to be a bit much.
Stan
stansd
ParticipantNegotiate, my friend…if the company is growing as rapidly as you say, they should be interested in negotiating, particularly if you play the sob story about how your fiance is in college, you can’t afford a house yet, and your fiance desperately wants to get pregnant. With a little luck you can equalize the salary plus get some options.
The whole scenario seems a bit odd to me. I can see a sales manager being bonus dependent based on performance, but for the manager to take that kind of a cut purely on the option opportunity seems to be a bit much.
Stan
stansd
ParticipantNegotiate, my friend…if the company is growing as rapidly as you say, they should be interested in negotiating, particularly if you play the sob story about how your fiance is in college, you can’t afford a house yet, and your fiance desperately wants to get pregnant. With a little luck you can equalize the salary plus get some options.
The whole scenario seems a bit odd to me. I can see a sales manager being bonus dependent based on performance, but for the manager to take that kind of a cut purely on the option opportunity seems to be a bit much.
Stan
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