[tothjj]

I am glad that these people in the “high-downpayment pool” are buying. My opinion is that there is a finite number of buyers who are holding earnings they made in the bubble waiting to buy a property. As these people exit the market by purchasing properties, the housing downturn will accelerate. So I say, “Please, go out and pay to much for a house!!!Burn your bubble gains on a house that is just going to eat that equity in the short-term.” We need to clear these buyers out so we can really get this thing moving. So if there is a Spring bounce going on and these people are putting 20% down I cheer them on.

[tothjj]

I am glad that these people in the “high-downpayment pool” are buying. My opinion is that there is a finite number of buyers who are holding earnings they made in the bubble waiting to buy a property. As these people exit the market by purchasing properties, the housing downturn will accelerate. So I say, “Please, go out and pay to much for a house!!!Burn your bubble gains on a house that is just going to eat that equity in the short-term.” We need to clear these buyers out so we can really get this thing moving. So if there is a Spring bounce going on and these people are putting 20% down I cheer them on.

[tothjj]

I am glad that these people in the “high-downpayment pool” are buying. My opinion is that there is a finite number of buyers who are holding earnings they made in the bubble waiting to buy a property. As these people exit the market by purchasing properties, the housing downturn will accelerate. So I say, “Please, go out and pay to much for a house!!!Burn your bubble gains on a house that is just going to eat that equity in the short-term.” We need to clear these buyers out so we can really get this thing moving. So if there is a Spring bounce going on and these people are putting 20% down I cheer them on.

[tothjj]

I am glad that these people in the “high-downpayment pool” are buying. My opinion is that there is a finite number of buyers who are holding earnings they made in the bubble waiting to buy a property. As these people exit the market by purchasing properties, the housing downturn will accelerate. So I say, “Please, go out and pay to much for a house!!!Burn your bubble gains on a house that is just going to eat that equity in the short-term.” We need to clear these buyers out so we can really get this thing moving. So if there is a Spring bounce going on and these people are putting 20% down I cheer them on.

[tothjj]

I am glad that these people in the “high-downpayment pool” are buying. My opinion is that there is a finite number of buyers who are holding earnings they made in the bubble waiting to buy a property. As these people exit the market by purchasing properties, the housing downturn will accelerate. So I say, “Please, go out and pay to much for a house!!!Burn your bubble gains on a house that is just going to eat that equity in the short-term.” We need to clear these buyers out so we can really get this thing moving. So if there is a Spring bounce going on and these people are putting 20% down I cheer them on.

[tothjj]

Just wanted to re-run this thread from a couple of months ago. It looks like the property that closed for 615k affected the market as predicted. That house today would be right in the middle of a bunch of other places for sale. I wonder when the next, “comp-killer” will hit. I suspect we will be able to re-run the current SEH thread in two months and say the same thing.

[tothjj]

Just wanted to re-run this thread from a couple of months ago. It looks like the property that closed for 615k affected the market as predicted. That house today would be right in the middle of a bunch of other places for sale. I wonder when the next, “comp-killer” will hit. I suspect we will be able to re-run the current SEH thread in two months and say the same thing.

[tothjj]

Just wanted to re-run this thread from a couple of months ago. It looks like the property that closed for 615k affected the market as predicted. That house today would be right in the middle of a bunch of other places for sale. I wonder when the next, “comp-killer” will hit. I suspect we will be able to re-run the current SEH thread in two months and say the same thing.

[tothjj]

Just wanted to re-run this thread from a couple of months ago. It looks like the property that closed for 615k affected the market as predicted. That house today would be right in the middle of a bunch of other places for sale. I wonder when the next, “comp-killer” will hit. I suspect we will be able to re-run the current SEH thread in two months and say the same thing.

[tothjj]

Just wanted to re-run this thread from a couple of months ago. It looks like the property that closed for 615k affected the market as predicted. That house today would be right in the middle of a bunch of other places for sale. I wonder when the next, “comp-killer” will hit. I suspect we will be able to re-run the current SEH thread in two months and say the same thing.

[tothjj]

waiting
I think the problem is that while your math to reduce the sales price of the property to account for the higher Mello-Roos is one answer in a stable market, the Piggs here complain because the price of the house is inflated regardless of the M.R. So do you take 50k off of a 700k house or do you take 50k off of the same house when it is priced at 550k. With the price of homes inflated so high and coming down so fast, it is hard to price in M.R.
Also, that is money that will never produce equity for the buyer. I would rather pay 50k more for a house (non-bubble price) because that payment is paying down some principle and building equity. If I spend 300 a month in M.R. it is never going to be recouped.

[tothjj]

waiting
I think the problem is that while your math to reduce the sales price of the property to account for the higher Mello-Roos is one answer in a stable market, the Piggs here complain because the price of the house is inflated regardless of the M.R. So do you take 50k off of a 700k house or do you take 50k off of the same house when it is priced at 550k. With the price of homes inflated so high and coming down so fast, it is hard to price in M.R.
Also, that is money that will never produce equity for the buyer. I would rather pay 50k more for a house (non-bubble price) because that payment is paying down some principle and building equity. If I spend 300 a month in M.R. it is never going to be recouped.

[tothjj]

waiting
I think the problem is that while your math to reduce the sales price of the property to account for the higher Mello-Roos is one answer in a stable market, the Piggs here complain because the price of the house is inflated regardless of the M.R. So do you take 50k off of a 700k house or do you take 50k off of the same house when it is priced at 550k. With the price of homes inflated so high and coming down so fast, it is hard to price in M.R.
Also, that is money that will never produce equity for the buyer. I would rather pay 50k more for a house (non-bubble price) because that payment is paying down some principle and building equity. If I spend 300 a month in M.R. it is never going to be recouped.

[tothjj]

waiting
I think the problem is that while your math to reduce the sales price of the property to account for the higher Mello-Roos is one answer in a stable market, the Piggs here complain because the price of the house is inflated regardless of the M.R. So do you take 50k off of a 700k house or do you take 50k off of the same house when it is priced at 550k. With the price of homes inflated so high and coming down so fast, it is hard to price in M.R.
Also, that is money that will never produce equity for the buyer. I would rather pay 50k more for a house (non-bubble price) because that payment is paying down some principle and building equity. If I spend 300 a month in M.R. it is never going to be recouped.

[tothjj]

waiting
I think the problem is that while your math to reduce the sales price of the property to account for the higher Mello-Roos is one answer in a stable market, the Piggs here complain because the price of the house is inflated regardless of the M.R. So do you take 50k off of a 700k house or do you take 50k off of the same house when it is priced at 550k. With the price of homes inflated so high and coming down so fast, it is hard to price in M.R.
Also, that is money that will never produce equity for the buyer. I would rather pay 50k more for a house (non-bubble price) because that payment is paying down some principle and building equity. If I spend 300 a month in M.R. it is never going to be recouped.

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