[temeculaguy]

Jimmy, I was typing while you posted so I didn’t read your and you proved my point. Same thing happened in the Late eighties, early nineties with FHA and VA limits, in areas where they were a dominant lender of the buyers of those houses, anything priced above their limits were pressured to conform.

[temeculaguy]

Jimmy, I was typing while you posted so I didn’t read your and you proved my point. Same thing happened in the Late eighties, early nineties with FHA and VA limits, in areas where they were a dominant lender of the buyers of those houses, anything priced above their limits were pressured to conform.

[temeculaguy]

Jimmy, I was typing while you posted so I didn’t read your and you proved my point. Same thing happened in the Late eighties, early nineties with FHA and VA limits, in areas where they were a dominant lender of the buyers of those houses, anything priced above their limits were pressured to conform.

[temeculaguy]

That house or one like it, 450k, December 2007, final answer. It’s not a eye dropper, it’s in a mid level area, it’s close enough in price to get to where a 10% or 15% down buyer can avoid the “jumbo tax” that was recently reinstated. The buyer of that home is not deciding between that and a 900k house in cv, they are looking 50k up or down and they will find more financing options at the 50k down house. Put a toy boat in at a rivers edge it sits there, push it out far enough and the current takes it. The current has been set at 417k.

[temeculaguy]

That house or one like it, 450k, December 2007, final answer. It’s not a eye dropper, it’s in a mid level area, it’s close enough in price to get to where a 10% or 15% down buyer can avoid the “jumbo tax” that was recently reinstated. The buyer of that home is not deciding between that and a 900k house in cv, they are looking 50k up or down and they will find more financing options at the 50k down house. Put a toy boat in at a rivers edge it sits there, push it out far enough and the current takes it. The current has been set at 417k.

[temeculaguy]

That house or one like it, 450k, December 2007, final answer. It’s not a eye dropper, it’s in a mid level area, it’s close enough in price to get to where a 10% or 15% down buyer can avoid the “jumbo tax” that was recently reinstated. The buyer of that home is not deciding between that and a 900k house in cv, they are looking 50k up or down and they will find more financing options at the 50k down house. Put a toy boat in at a rivers edge it sits there, push it out far enough and the current takes it. The current has been set at 417k.

[temeculaguy]

Make no mistake about it, it’s happened. As a self proclaimed standing inventory stalker, builders are giving back deposits, resale deals done with pre-qualed buyers are falling through, buyers that qualified a month or two ago are being rejected today, not one or two, a bunch depending on the price point. Obviously the move up, high enders aren’t being hit as much as the lower end where sub and alt-a’s and 0 down are the dominant buyer, in those market’s they feel like the season changed to winter overnight. Try this, call a broker and tell him you want to buy a house for 800k, no down no doc while you are in a standing position and at the time you say the last syllable drop a penny from your hand, held out to your side, level with your head. Then see if the penny hits the ground before he hangs up on you, then you’ll know if things have changed.

[temeculaguy]

Make no mistake about it, it’s happened. As a self proclaimed standing inventory stalker, builders are giving back deposits, resale deals done with pre-qualed buyers are falling through, buyers that qualified a month or two ago are being rejected today, not one or two, a bunch depending on the price point. Obviously the move up, high enders aren’t being hit as much as the lower end where sub and alt-a’s and 0 down are the dominant buyer, in those market’s they feel like the season changed to winter overnight. Try this, call a broker and tell him you want to buy a house for 800k, no down no doc while you are in a standing position and at the time you say the last syllable drop a penny from your hand, held out to your side, level with your head. Then see if the penny hits the ground before he hangs up on you, then you’ll know if things have changed.

[temeculaguy]

Make no mistake about it, it’s happened. As a self proclaimed standing inventory stalker, builders are giving back deposits, resale deals done with pre-qualed buyers are falling through, buyers that qualified a month or two ago are being rejected today, not one or two, a bunch depending on the price point. Obviously the move up, high enders aren’t being hit as much as the lower end where sub and alt-a’s and 0 down are the dominant buyer, in those market’s they feel like the season changed to winter overnight. Try this, call a broker and tell him you want to buy a house for 800k, no down no doc while you are in a standing position and at the time you say the last syllable drop a penny from your hand, held out to your side, level with your head. Then see if the penny hits the ground before he hangs up on you, then you’ll know if things have changed.

[temeculaguy]

sd, I like that you acknowledge that you are having an internal struggle on this. Experience and history will probably prevail and your prediction will be accurate, but I concur that there are some x factors at play and I would not be in the least bit suprised to see some fireworks soon. Can you elaborate why you picked those dates, is it because historically it is a slow time of the year for sales? Or is it that you think the media is going to go nuts when the summer numbers are tallied and they suck on an epic proportion? The lender tightening today is going to hit the numbers in the next 60-90 days, right in line with your prediction calendar wise.

[temeculaguy]

sd, I like that you acknowledge that you are having an internal struggle on this. Experience and history will probably prevail and your prediction will be accurate, but I concur that there are some x factors at play and I would not be in the least bit suprised to see some fireworks soon. Can you elaborate why you picked those dates, is it because historically it is a slow time of the year for sales? Or is it that you think the media is going to go nuts when the summer numbers are tallied and they suck on an epic proportion? The lender tightening today is going to hit the numbers in the next 60-90 days, right in line with your prediction calendar wise.

[temeculaguy]

sd, I like that you acknowledge that you are having an internal struggle on this. Experience and history will probably prevail and your prediction will be accurate, but I concur that there are some x factors at play and I would not be in the least bit suprised to see some fireworks soon. Can you elaborate why you picked those dates, is it because historically it is a slow time of the year for sales? Or is it that you think the media is going to go nuts when the summer numbers are tallied and they suck on an epic proportion? The lender tightening today is going to hit the numbers in the next 60-90 days, right in line with your prediction calendar wise.

[temeculaguy]

Enorah, next time you get a hunch like this try to channel it into lottery numbers and give me a call. Your hunch was right and read back over some of the other hunches, some of them were accurate to the point of beeing spooky, I think some of you are playing with tarot cards.

[temeculaguy]

Enorah, next time you get a hunch like this try to channel it into lottery numbers and give me a call. Your hunch was right and read back over some of the other hunches, some of them were accurate to the point of beeing spooky, I think some of you are playing with tarot cards.

[temeculaguy]

Enorah, next time you get a hunch like this try to channel it into lottery numbers and give me a call. Your hunch was right and read back over some of the other hunches, some of them were accurate to the point of beeing spooky, I think some of you are playing with tarot cards.

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