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temeculaguy
ParticipantNor- you are right $120 a sq isn’t crazy but this is one of the pricier areas of the valley and six months ago I was getting frustrated that it wouldn’t come down in price. Since I already waited for the prices to get to me rather than drive to the prices, no reason to reverse course now.
Cash, I dig that harveston house, excellent price for 2400+ and nobody behind you it appears, that is another of the price sticky areas that is falling finally. Interesting is a good word.
golf, not sure where you looked but in 1991 Redhawk was all just under 200k until about 1998 and then it started to rise montly, by 1999 things were in the 200’s for the nicest ones and of course location and lot changes things slightly, after that it kept going up until last year and in the last six months has gone into a free fall. I never saw a 3 in the first number of the price of a tract home in this valley from 1990 until about 1999 or 2000. Semi-custom, custom or land would be the exception.
Here is what 230k bought you in 1998 in redhawk’s rancho serrano (the most expensive at the time) http://www.redfin.com/stingray/do/printable-listing?listing-id=1477711
Feb of 1999 in Augusta at redhwak 236k got you this http://www.redfin.com/stingray/do/printable-listing?listing-id=1353661
May of 99 redhawk’s gated rancho madera 265k got you 3600 6br http://www.redfin.com/stingray/do/printable-listing?listing-id=1494235
look near the bottom of each link to see the historical prices. I’m starting to think that Bearvine’s prediction of $75 a sq has some legs. So how do we tell if we are in the flat part or the overcorrection part, these knives are looking good enough to catch, with the only exception being that each week I find one that makes the previous week’s pick look overpriced.
temeculaguy
ParticipantNor- you are right $120 a sq isn’t crazy but this is one of the pricier areas of the valley and six months ago I was getting frustrated that it wouldn’t come down in price. Since I already waited for the prices to get to me rather than drive to the prices, no reason to reverse course now.
Cash, I dig that harveston house, excellent price for 2400+ and nobody behind you it appears, that is another of the price sticky areas that is falling finally. Interesting is a good word.
golf, not sure where you looked but in 1991 Redhawk was all just under 200k until about 1998 and then it started to rise montly, by 1999 things were in the 200’s for the nicest ones and of course location and lot changes things slightly, after that it kept going up until last year and in the last six months has gone into a free fall. I never saw a 3 in the first number of the price of a tract home in this valley from 1990 until about 1999 or 2000. Semi-custom, custom or land would be the exception.
Here is what 230k bought you in 1998 in redhawk’s rancho serrano (the most expensive at the time) http://www.redfin.com/stingray/do/printable-listing?listing-id=1477711
Feb of 1999 in Augusta at redhwak 236k got you this http://www.redfin.com/stingray/do/printable-listing?listing-id=1353661
May of 99 redhawk’s gated rancho madera 265k got you 3600 6br http://www.redfin.com/stingray/do/printable-listing?listing-id=1494235
look near the bottom of each link to see the historical prices. I’m starting to think that Bearvine’s prediction of $75 a sq has some legs. So how do we tell if we are in the flat part or the overcorrection part, these knives are looking good enough to catch, with the only exception being that each week I find one that makes the previous week’s pick look overpriced.
temeculaguy
ParticipantNor- you are right $120 a sq isn’t crazy but this is one of the pricier areas of the valley and six months ago I was getting frustrated that it wouldn’t come down in price. Since I already waited for the prices to get to me rather than drive to the prices, no reason to reverse course now.
Cash, I dig that harveston house, excellent price for 2400+ and nobody behind you it appears, that is another of the price sticky areas that is falling finally. Interesting is a good word.
golf, not sure where you looked but in 1991 Redhawk was all just under 200k until about 1998 and then it started to rise montly, by 1999 things were in the 200’s for the nicest ones and of course location and lot changes things slightly, after that it kept going up until last year and in the last six months has gone into a free fall. I never saw a 3 in the first number of the price of a tract home in this valley from 1990 until about 1999 or 2000. Semi-custom, custom or land would be the exception.
Here is what 230k bought you in 1998 in redhawk’s rancho serrano (the most expensive at the time) http://www.redfin.com/stingray/do/printable-listing?listing-id=1477711
Feb of 1999 in Augusta at redhwak 236k got you this http://www.redfin.com/stingray/do/printable-listing?listing-id=1353661
May of 99 redhawk’s gated rancho madera 265k got you 3600 6br http://www.redfin.com/stingray/do/printable-listing?listing-id=1494235
look near the bottom of each link to see the historical prices. I’m starting to think that Bearvine’s prediction of $75 a sq has some legs. So how do we tell if we are in the flat part or the overcorrection part, these knives are looking good enough to catch, with the only exception being that each week I find one that makes the previous week’s pick look overpriced.
temeculaguy
ParticipantNor- you are right $120 a sq isn’t crazy but this is one of the pricier areas of the valley and six months ago I was getting frustrated that it wouldn’t come down in price. Since I already waited for the prices to get to me rather than drive to the prices, no reason to reverse course now.
Cash, I dig that harveston house, excellent price for 2400+ and nobody behind you it appears, that is another of the price sticky areas that is falling finally. Interesting is a good word.
golf, not sure where you looked but in 1991 Redhawk was all just under 200k until about 1998 and then it started to rise montly, by 1999 things were in the 200’s for the nicest ones and of course location and lot changes things slightly, after that it kept going up until last year and in the last six months has gone into a free fall. I never saw a 3 in the first number of the price of a tract home in this valley from 1990 until about 1999 or 2000. Semi-custom, custom or land would be the exception.
Here is what 230k bought you in 1998 in redhawk’s rancho serrano (the most expensive at the time) http://www.redfin.com/stingray/do/printable-listing?listing-id=1477711
Feb of 1999 in Augusta at redhwak 236k got you this http://www.redfin.com/stingray/do/printable-listing?listing-id=1353661
May of 99 redhawk’s gated rancho madera 265k got you 3600 6br http://www.redfin.com/stingray/do/printable-listing?listing-id=1494235
look near the bottom of each link to see the historical prices. I’m starting to think that Bearvine’s prediction of $75 a sq has some legs. So how do we tell if we are in the flat part or the overcorrection part, these knives are looking good enough to catch, with the only exception being that each week I find one that makes the previous week’s pick look overpriced.
temeculaguy
ParticipantEven if it is thrashed inside, it has already affected the others, here’s a model match a block away that was just lowered to 329k and it is not thrashed.
http://www.redfin.com/stingray/do/printable-listing?listing-id=1435700
One trigger got pulled, now here go the rest.
temeculaguy
ParticipantEven if it is thrashed inside, it has already affected the others, here’s a model match a block away that was just lowered to 329k and it is not thrashed.
http://www.redfin.com/stingray/do/printable-listing?listing-id=1435700
One trigger got pulled, now here go the rest.
temeculaguy
ParticipantEven if it is thrashed inside, it has already affected the others, here’s a model match a block away that was just lowered to 329k and it is not thrashed.
http://www.redfin.com/stingray/do/printable-listing?listing-id=1435700
One trigger got pulled, now here go the rest.
temeculaguy
ParticipantEven if it is thrashed inside, it has already affected the others, here’s a model match a block away that was just lowered to 329k and it is not thrashed.
http://www.redfin.com/stingray/do/printable-listing?listing-id=1435700
One trigger got pulled, now here go the rest.
temeculaguy
ParticipantEven if it is thrashed inside, it has already affected the others, here’s a model match a block away that was just lowered to 329k and it is not thrashed.
http://www.redfin.com/stingray/do/printable-listing?listing-id=1435700
One trigger got pulled, now here go the rest.
February 21, 2008 at 10:56 AM in reply to: Are you looking to get in on the ground floor? Think again. #156970temeculaguy
ParticipantDecent point Yodle but I’ve been thinking about the non piggs lately. Between 2003 and 2006 who didn’t buy a house that wanted one? Who is left out there to compete with us? I’m starting to think that other than piggs (and others who objected to the prices/fundamentals) and people who were in comas, who are the fence sitters and is that fence very crowded? a few years ago you could get a loan for anything as long as you could breathe and with prices going up, very few sat on the fence. Now the loans are harder to come by and the margins are filled with people who possess even worse credit now but credit requirements are climbing. People who usually snap up bargains (people in the R/E industry) are all broke. Investors are going to want to be closer to 100 in the 100-150x rent multiplier before they get excited and how many are left? Our dream houses were already bought by the “others” and now they sit vacant. With all the vacant homes, is there a high school gym filled with people on cots who are the foreclosure refugees? Even the people looking to move up need buyers, the bottom end is getting hit the hardest. I’m starting to think the “pent up demand” is overplayed because it already feels like I went to disneyland and there are no lines.
When I see sdrealtor and bugs agree, I read that thread a few times and burn it into my memory because it is very likely that prediction will come to fruition.
February 21, 2008 at 10:56 AM in reply to: Are you looking to get in on the ground floor? Think again. #157256temeculaguy
ParticipantDecent point Yodle but I’ve been thinking about the non piggs lately. Between 2003 and 2006 who didn’t buy a house that wanted one? Who is left out there to compete with us? I’m starting to think that other than piggs (and others who objected to the prices/fundamentals) and people who were in comas, who are the fence sitters and is that fence very crowded? a few years ago you could get a loan for anything as long as you could breathe and with prices going up, very few sat on the fence. Now the loans are harder to come by and the margins are filled with people who possess even worse credit now but credit requirements are climbing. People who usually snap up bargains (people in the R/E industry) are all broke. Investors are going to want to be closer to 100 in the 100-150x rent multiplier before they get excited and how many are left? Our dream houses were already bought by the “others” and now they sit vacant. With all the vacant homes, is there a high school gym filled with people on cots who are the foreclosure refugees? Even the people looking to move up need buyers, the bottom end is getting hit the hardest. I’m starting to think the “pent up demand” is overplayed because it already feels like I went to disneyland and there are no lines.
When I see sdrealtor and bugs agree, I read that thread a few times and burn it into my memory because it is very likely that prediction will come to fruition.
February 21, 2008 at 10:56 AM in reply to: Are you looking to get in on the ground floor? Think again. #157273temeculaguy
ParticipantDecent point Yodle but I’ve been thinking about the non piggs lately. Between 2003 and 2006 who didn’t buy a house that wanted one? Who is left out there to compete with us? I’m starting to think that other than piggs (and others who objected to the prices/fundamentals) and people who were in comas, who are the fence sitters and is that fence very crowded? a few years ago you could get a loan for anything as long as you could breathe and with prices going up, very few sat on the fence. Now the loans are harder to come by and the margins are filled with people who possess even worse credit now but credit requirements are climbing. People who usually snap up bargains (people in the R/E industry) are all broke. Investors are going to want to be closer to 100 in the 100-150x rent multiplier before they get excited and how many are left? Our dream houses were already bought by the “others” and now they sit vacant. With all the vacant homes, is there a high school gym filled with people on cots who are the foreclosure refugees? Even the people looking to move up need buyers, the bottom end is getting hit the hardest. I’m starting to think the “pent up demand” is overplayed because it already feels like I went to disneyland and there are no lines.
When I see sdrealtor and bugs agree, I read that thread a few times and burn it into my memory because it is very likely that prediction will come to fruition.
February 21, 2008 at 10:56 AM in reply to: Are you looking to get in on the ground floor? Think again. #157280temeculaguy
ParticipantDecent point Yodle but I’ve been thinking about the non piggs lately. Between 2003 and 2006 who didn’t buy a house that wanted one? Who is left out there to compete with us? I’m starting to think that other than piggs (and others who objected to the prices/fundamentals) and people who were in comas, who are the fence sitters and is that fence very crowded? a few years ago you could get a loan for anything as long as you could breathe and with prices going up, very few sat on the fence. Now the loans are harder to come by and the margins are filled with people who possess even worse credit now but credit requirements are climbing. People who usually snap up bargains (people in the R/E industry) are all broke. Investors are going to want to be closer to 100 in the 100-150x rent multiplier before they get excited and how many are left? Our dream houses were already bought by the “others” and now they sit vacant. With all the vacant homes, is there a high school gym filled with people on cots who are the foreclosure refugees? Even the people looking to move up need buyers, the bottom end is getting hit the hardest. I’m starting to think the “pent up demand” is overplayed because it already feels like I went to disneyland and there are no lines.
When I see sdrealtor and bugs agree, I read that thread a few times and burn it into my memory because it is very likely that prediction will come to fruition.
February 21, 2008 at 10:56 AM in reply to: Are you looking to get in on the ground floor? Think again. #157349temeculaguy
ParticipantDecent point Yodle but I’ve been thinking about the non piggs lately. Between 2003 and 2006 who didn’t buy a house that wanted one? Who is left out there to compete with us? I’m starting to think that other than piggs (and others who objected to the prices/fundamentals) and people who were in comas, who are the fence sitters and is that fence very crowded? a few years ago you could get a loan for anything as long as you could breathe and with prices going up, very few sat on the fence. Now the loans are harder to come by and the margins are filled with people who possess even worse credit now but credit requirements are climbing. People who usually snap up bargains (people in the R/E industry) are all broke. Investors are going to want to be closer to 100 in the 100-150x rent multiplier before they get excited and how many are left? Our dream houses were already bought by the “others” and now they sit vacant. With all the vacant homes, is there a high school gym filled with people on cots who are the foreclosure refugees? Even the people looking to move up need buyers, the bottom end is getting hit the hardest. I’m starting to think the “pent up demand” is overplayed because it already feels like I went to disneyland and there are no lines.
When I see sdrealtor and bugs agree, I read that thread a few times and burn it into my memory because it is very likely that prediction will come to fruition.
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