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temeculaguy
Participantsdrealtor, if a 30% drop would bring your house to 2002/2003 price then that is probably the worst case scenario and I will adjust my guess and say that late 2002/early 2003 is where I see things going. For some houses that is a 50% drop and others that is 25% or 30%. I think a spot on the calendar is more likely that a percentage if one was to try and nail things down to a best guess. Areas built or heavily traded/financed during and after 2003 are the ones that I think have the most downside risk and will overcorrect the most.
Participantsdrealtor, if a 30% drop would bring your house to 2002/2003 price then that is probably the worst case scenario and I will adjust my guess and say that late 2002/early 2003 is where I see things going. For some houses that is a 50% drop and others that is 25% or 30%. I think a spot on the calendar is more likely that a percentage if one was to try and nail things down to a best guess. Areas built or heavily traded/financed during and after 2003 are the ones that I think have the most downside risk and will overcorrect the most.
ParticipantAnother thing in my dream home, I think it’s called “I” joists if it is a two story. I had a contracter buddy who just built his home and showed me the framing he did with these things that look like the capital letter I, about a foot high that support the second floor. Then on top he screwed and glued 3/8 or 1/2 inch plywood to that, you can put a treadmill on the second floor and not hear it below. He loses a little ceiling height because the floor is about a foot or more thick but it is worth it. When i asked him how much extra he paid in materials it was suprisingly low, something like a couple grand. Rustico, in my next house i am going to have them not tack down a corner of the carpet in a seldom used room so if you ever visit, please ask and I will direct you to your corner so you won’t have to rip up any carpet, if someone asks I’ll just tell them that it is a new Feng Shui concept called Rustico’s corner and it brings good luck.
ParticipantAnother thing in my dream home, I think it’s called “I” joists if it is a two story. I had a contracter buddy who just built his home and showed me the framing he did with these things that look like the capital letter I, about a foot high that support the second floor. Then on top he screwed and glued 3/8 or 1/2 inch plywood to that, you can put a treadmill on the second floor and not hear it below. He loses a little ceiling height because the floor is about a foot or more thick but it is worth it. When i asked him how much extra he paid in materials it was suprisingly low, something like a couple grand. Rustico, in my next house i am going to have them not tack down a corner of the carpet in a seldom used room so if you ever visit, please ask and I will direct you to your corner so you won’t have to rip up any carpet, if someone asks I’ll just tell them that it is a new Feng Shui concept called Rustico’s corner and it brings good luck.
ParticipantAnother thing in my dream home, I think it’s called “I” joists if it is a two story. I had a contracter buddy who just built his home and showed me the framing he did with these things that look like the capital letter I, about a foot high that support the second floor. Then on top he screwed and glued 3/8 or 1/2 inch plywood to that, you can put a treadmill on the second floor and not hear it below. He loses a little ceiling height because the floor is about a foot or more thick but it is worth it. When i asked him how much extra he paid in materials it was suprisingly low, something like a couple grand. Rustico, in my next house i am going to have them not tack down a corner of the carpet in a seldom used room so if you ever visit, please ask and I will direct you to your corner so you won’t have to rip up any carpet, if someone asks I’ll just tell them that it is a new Feng Shui concept called Rustico’s corner and it brings good luck.
ParticipantSince she won’t take your free help, I think it might be an angle, she is probably is a white guy from L.A. trying to look like a recent immigrant with little understanding of local customs and business practices. Damsel in distress if you will, hoping to catch someone trying to prey on her, watch The Sting, oldie but a goodie and I think it applies. I think the same guys behind the “I’m home alone, horny and on my webcam” junk e-mails have just moved into a new arena. They had to, I stopped falling for those weeks ago, okay, days ago.
ParticipantSince she won’t take your free help, I think it might be an angle, she is probably is a white guy from L.A. trying to look like a recent immigrant with little understanding of local customs and business practices. Damsel in distress if you will, hoping to catch someone trying to prey on her, watch The Sting, oldie but a goodie and I think it applies. I think the same guys behind the “I’m home alone, horny and on my webcam” junk e-mails have just moved into a new arena. They had to, I stopped falling for those weeks ago, okay, days ago.
ParticipantSince she won’t take your free help, I think it might be an angle, she is probably is a white guy from L.A. trying to look like a recent immigrant with little understanding of local customs and business practices. Damsel in distress if you will, hoping to catch someone trying to prey on her, watch The Sting, oldie but a goodie and I think it applies. I think the same guys behind the “I’m home alone, horny and on my webcam” junk e-mails have just moved into a new arena. They had to, I stopped falling for those weeks ago, okay, days ago.
ParticipantI e-mailed the DMV with my reccomendation that next to the weight on someones license it says “zestimate.”
In a few years, stand up comedians will start using this in routines “really I am 9 inches according to my zestimate”, “My zestimate says I am a size six.” I could go on but I’ll spare you, it’s a basic computer program evaluating closed sales per square feet and historical appreciation in a given area. It also uses last sale so it can be really off on a given street, awarding higher values to homes that have sold in the last few years. Ignore the zestimate and just use it for what it is worth, last sale data, tax data, sq ft and sat photo all intergrated, nothing more.
Maybe there is fortune cookie version but instead of using “in bed” as the suffix, we could use “in 2005”, so any zestimate numbner add the suffix “in 2005” and it will work. My house is worth 700k (in 2005), see it works.
ParticipantI e-mailed the DMV with my reccomendation that next to the weight on someones license it says “zestimate.”
In a few years, stand up comedians will start using this in routines “really I am 9 inches according to my zestimate”, “My zestimate says I am a size six.” I could go on but I’ll spare you, it’s a basic computer program evaluating closed sales per square feet and historical appreciation in a given area. It also uses last sale so it can be really off on a given street, awarding higher values to homes that have sold in the last few years. Ignore the zestimate and just use it for what it is worth, last sale data, tax data, sq ft and sat photo all intergrated, nothing more.
Maybe there is fortune cookie version but instead of using “in bed” as the suffix, we could use “in 2005”, so any zestimate numbner add the suffix “in 2005” and it will work. My house is worth 700k (in 2005), see it works.
ParticipantI e-mailed the DMV with my reccomendation that next to the weight on someones license it says “zestimate.”
In a few years, stand up comedians will start using this in routines “really I am 9 inches according to my zestimate”, “My zestimate says I am a size six.” I could go on but I’ll spare you, it’s a basic computer program evaluating closed sales per square feet and historical appreciation in a given area. It also uses last sale so it can be really off on a given street, awarding higher values to homes that have sold in the last few years. Ignore the zestimate and just use it for what it is worth, last sale data, tax data, sq ft and sat photo all intergrated, nothing more.
Maybe there is fortune cookie version but instead of using “in bed” as the suffix, we could use “in 2005”, so any zestimate numbner add the suffix “in 2005” and it will work. My house is worth 700k (in 2005), see it works.
ParticipantSD, thanks for sharing that, three things I got from that.
1.You are consistent, it matches your quote in the AP article and what you say here.
2. You will be successful in the downturn because after this guy doesn’t sell his house again or if he loses it he will wish he listened to you and he will refer anyone in the future who needs to sell. I have a list of honest people that I have done business with or almost did business with in many areas ouside of R/E and I give referrals to many people who ask advice even though I didn’t choose to do business with that person, often saying “If I had to do it again, I would have listen to _____.” Unfortunately I don’t always realize it until later but I share that realization. Honesty pays dividends.
3. If you ever try to post under another screen name I will call you out, your signature is the misuse of the word “then.” The correct word at least twice in your e-mails was “than.” I type inot when I mean into but spell check at least saves me. So i can have at least five names here and talk about what a bitchen guy TG is under a fake name. In fact I am rustico, bugs, perry, enorah (I stalk myself to look cool) and a few others and then i just say nice things to each of my names back and forth until my evil plot to rule the world is unveiled.
ParticipantSD, thanks for sharing that, three things I got from that.
1.You are consistent, it matches your quote in the AP article and what you say here.
2. You will be successful in the downturn because after this guy doesn’t sell his house again or if he loses it he will wish he listened to you and he will refer anyone in the future who needs to sell. I have a list of honest people that I have done business with or almost did business with in many areas ouside of R/E and I give referrals to many people who ask advice even though I didn’t choose to do business with that person, often saying “If I had to do it again, I would have listen to _____.” Unfortunately I don’t always realize it until later but I share that realization. Honesty pays dividends.
3. If you ever try to post under another screen name I will call you out, your signature is the misuse of the word “then.” The correct word at least twice in your e-mails was “than.” I type inot when I mean into but spell check at least saves me. So i can have at least five names here and talk about what a bitchen guy TG is under a fake name. In fact I am rustico, bugs, perry, enorah (I stalk myself to look cool) and a few others and then i just say nice things to each of my names back and forth until my evil plot to rule the world is unveiled.
ParticipantSD, thanks for sharing that, three things I got from that.
1.You are consistent, it matches your quote in the AP article and what you say here.
2. You will be successful in the downturn because after this guy doesn’t sell his house again or if he loses it he will wish he listened to you and he will refer anyone in the future who needs to sell. I have a list of honest people that I have done business with or almost did business with in many areas ouside of R/E and I give referrals to many people who ask advice even though I didn’t choose to do business with that person, often saying “If I had to do it again, I would have listen to _____.” Unfortunately I don’t always realize it until later but I share that realization. Honesty pays dividends.
3. If you ever try to post under another screen name I will call you out, your signature is the misuse of the word “then.” The correct word at least twice in your e-mails was “than.” I type inot when I mean into but spell check at least saves me. So i can have at least five names here and talk about what a bitchen guy TG is under a fake name. In fact I am rustico, bugs, perry, enorah (I stalk myself to look cool) and a few others and then i just say nice things to each of my names back and forth until my evil plot to rule the world is unveiled.
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