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waitingtobuycarlsbad
ParticipantI would wait. The trend is clearly down AND the number of foreclosures in SD is still increasing. More foreclosures mean lower prices and lower prices mean even more foreclosures.
ParticipantI would wait. The trend is clearly down AND the number of foreclosures in SD is still increasing. More foreclosures mean lower prices and lower prices mean even more foreclosures.
ParticipantI would wait. The trend is clearly down AND the number of foreclosures in SD is still increasing. More foreclosures mean lower prices and lower prices mean even more foreclosures.
ParticipantI would wait. The trend is clearly down AND the number of foreclosures in SD is still increasing. More foreclosures mean lower prices and lower prices mean even more foreclosures.
ParticipantSorry I failed to give the rest of his quote:
“The current San Diego median is already back to those levels, he acknowledged, but that’s because distressed properties are selling at a sizable discount. In a recession, values of all properties would drop.”
“‘If we do start to see that, then things are going to be grim, to put it mildly,’ he said.”
There is no difference between “distressed” properties and “all” properties. A comp is a comp is a comp.
ParticipantSorry I failed to give the rest of his quote:
“The current San Diego median is already back to those levels, he acknowledged, but that’s because distressed properties are selling at a sizable discount. In a recession, values of all properties would drop.”
“‘If we do start to see that, then things are going to be grim, to put it mildly,’ he said.”
There is no difference between “distressed” properties and “all” properties. A comp is a comp is a comp.
ParticipantSorry I failed to give the rest of his quote:
“The current San Diego median is already back to those levels, he acknowledged, but that’s because distressed properties are selling at a sizable discount. In a recession, values of all properties would drop.”
“‘If we do start to see that, then things are going to be grim, to put it mildly,’ he said.”
There is no difference between “distressed” properties and “all” properties. A comp is a comp is a comp.
ParticipantSorry I failed to give the rest of his quote:
“The current San Diego median is already back to those levels, he acknowledged, but that’s because distressed properties are selling at a sizable discount. In a recession, values of all properties would drop.”
“‘If we do start to see that, then things are going to be grim, to put it mildly,’ he said.”
There is no difference between “distressed” properties and “all” properties. A comp is a comp is a comp.
ParticipantSorry I failed to give the rest of his quote:
“The current San Diego median is already back to those levels, he acknowledged, but that’s because distressed properties are selling at a sizable discount. In a recession, values of all properties would drop.”
“‘If we do start to see that, then things are going to be grim, to put it mildly,’ he said.”
There is no difference between “distressed” properties and “all” properties. A comp is a comp is a comp.
ParticipantThe Union Tribune misses the point!
The Union Tribune. “So far, said DataQuick analyst John Karevoll, home selling has involved a great deal of distressed properties, nearly 50 percent of all San Diego sales in January involved foreclosures and defaulted homes.”
“‘Bad as it is for those involved, it is something that can work its way through the system,’ he said. ‘But if we add in a recession, then prices could go back to where they were in 2004.’”
This guy misses the point. The prices are already at 2004 levels. The “foreclosures and defaulted homes” are the market. All real estate must compete. If houses sells at a 2004 price, the market is at the 2004 level.
ParticipantThe Union Tribune misses the point!
The Union Tribune. “So far, said DataQuick analyst John Karevoll, home selling has involved a great deal of distressed properties, nearly 50 percent of all San Diego sales in January involved foreclosures and defaulted homes.”
“‘Bad as it is for those involved, it is something that can work its way through the system,’ he said. ‘But if we add in a recession, then prices could go back to where they were in 2004.’”
This guy misses the point. The prices are already at 2004 levels. The “foreclosures and defaulted homes” are the market. All real estate must compete. If houses sells at a 2004 price, the market is at the 2004 level.
ParticipantThe Union Tribune misses the point!
The Union Tribune. “So far, said DataQuick analyst John Karevoll, home selling has involved a great deal of distressed properties, nearly 50 percent of all San Diego sales in January involved foreclosures and defaulted homes.”
“‘Bad as it is for those involved, it is something that can work its way through the system,’ he said. ‘But if we add in a recession, then prices could go back to where they were in 2004.’”
This guy misses the point. The prices are already at 2004 levels. The “foreclosures and defaulted homes” are the market. All real estate must compete. If houses sells at a 2004 price, the market is at the 2004 level.
ParticipantThe Union Tribune misses the point!
The Union Tribune. “So far, said DataQuick analyst John Karevoll, home selling has involved a great deal of distressed properties, nearly 50 percent of all San Diego sales in January involved foreclosures and defaulted homes.”
“‘Bad as it is for those involved, it is something that can work its way through the system,’ he said. ‘But if we add in a recession, then prices could go back to where they were in 2004.’”
This guy misses the point. The prices are already at 2004 levels. The “foreclosures and defaulted homes” are the market. All real estate must compete. If houses sells at a 2004 price, the market is at the 2004 level.
ParticipantThe Union Tribune misses the point!
The Union Tribune. “So far, said DataQuick analyst John Karevoll, home selling has involved a great deal of distressed properties, nearly 50 percent of all San Diego sales in January involved foreclosures and defaulted homes.”
“‘Bad as it is for those involved, it is something that can work its way through the system,’ he said. ‘But if we add in a recession, then prices could go back to where they were in 2004.’”
This guy misses the point. The prices are already at 2004 levels. The “foreclosures and defaulted homes” are the market. All real estate must compete. If houses sells at a 2004 price, the market is at the 2004 level.
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