[XBoxBoy]

[quote=cooprider]Why is the FDIC – a depository insurance arm of the Government – so concerned about staving off foreclosure?[/quote]

Because Sheila Bair is a clueless socialist? (or maybe because socialism is the new answer to the worlds problems?)

[XBoxBoy]

[quote=cooprider]Why is the FDIC – a depository insurance arm of the Government – so concerned about staving off foreclosure?[/quote]

Because Sheila Bair is a clueless socialist? (or maybe because socialism is the new answer to the worlds problems?)

[XBoxBoy]

[quote=cooprider]Why is the FDIC – a depository insurance arm of the Government – so concerned about staving off foreclosure?[/quote]

Because Sheila Bair is a clueless socialist? (or maybe because socialism is the new answer to the worlds problems?)

[XBoxBoy]

Are you signed in? If not the active forum topics will be stale, and remain stale for long periods. (up to a day or two I’ve seen) But, if you are logged in they never seem stale from my experience. You can tell if you are logged in the top left corner, you’ll see your login name.

XBoxBoy

[XBoxBoy]

Are you signed in? If not the active forum topics will be stale, and remain stale for long periods. (up to a day or two I’ve seen) But, if you are logged in they never seem stale from my experience. You can tell if you are logged in the top left corner, you’ll see your login name.

XBoxBoy

[XBoxBoy]

Are you signed in? If not the active forum topics will be stale, and remain stale for long periods. (up to a day or two I’ve seen) But, if you are logged in they never seem stale from my experience. You can tell if you are logged in the top left corner, you’ll see your login name.

XBoxBoy

[XBoxBoy]

Are you signed in? If not the active forum topics will be stale, and remain stale for long periods. (up to a day or two I’ve seen) But, if you are logged in they never seem stale from my experience. You can tell if you are logged in the top left corner, you’ll see your login name.

XBoxBoy

[XBoxBoy]

Are you signed in? If not the active forum topics will be stale, and remain stale for long periods. (up to a day or two I’ve seen) But, if you are logged in they never seem stale from my experience. You can tell if you are logged in the top left corner, you’ll see your login name.

XBoxBoy

[XBoxBoy]

Homes that I think are selling or have sold for a bunch less than they would have in 2005.

http://www.sdlookup.com/MLS-080040979-335_Ricardo_La_Jolla_Ca_92037

I think this would have easily sold for 2mil in 2005, and 2.2 would not have been unrealistic.

http://www.sdlookup.com/MLS-080053712-6115_Terryhill_Dr_La_Jolla_Ca_92037
This place is a BIG (5488sqft) nice home on a very nice street in the muirlands. It was only listed for under $3m for a short while. Not sure why it got taken off the market shortly there after, but it compares easily to places that sold for 4-5mil in 2005.

http://www.sdlookup.com/MLS-080076836-1132_Avenida_Amantea_La_Jolla_Ca_92037
This one is still on the market. It’s 3700 sq feet and for the most part pretty nice. The place has a nice view, and the open house agent told us that there is a view easement so the neighbors can not build up and block your view. While not sure what you could get this for, I think the sellers are pretty motivated, and so I think they might take 1.5m. (Just my guess mind you) In 2005 I don’t think they would have had trouble getting 2.2 to 2.5m for this place.

These are just three that come to mind right away.

Mind you if you are looking at most of the LJ listings, its easy to get the feeling that things haven’t softened up much, since most listings are terribly unrealistic. Still plenty asking 20% above 2005 prices. But note that these are NOT the ones selling. If you look more closely at what is selling, it’s mostly the places that are far better deals.

Also, I’d mention that in other threads I read about how inventory in nicer places is declining. (I think they are usually referring to Carmel Valley or RB) In La Jolla, inventory has never been higher, and sales continue to slow. Last week I counted only 28 pendings which likely means only 15 or so sales per month.

There are still plenty of people in denial and holding out for 2005 prices in LJ, but there are also a few who have figured out the situation and either need or want to sell bad enough that they take what the market will bring. And unless they just get lucky, it doesn’t bring anywhere near 2005 prices.

Just my 2cents.

XBoxBoy

[XBoxBoy]

Homes that I think are selling or have sold for a bunch less than they would have in 2005.

http://www.sdlookup.com/MLS-080040979-335_Ricardo_La_Jolla_Ca_92037

I think this would have easily sold for 2mil in 2005, and 2.2 would not have been unrealistic.

http://www.sdlookup.com/MLS-080053712-6115_Terryhill_Dr_La_Jolla_Ca_92037
This place is a BIG (5488sqft) nice home on a very nice street in the muirlands. It was only listed for under $3m for a short while. Not sure why it got taken off the market shortly there after, but it compares easily to places that sold for 4-5mil in 2005.

http://www.sdlookup.com/MLS-080076836-1132_Avenida_Amantea_La_Jolla_Ca_92037
This one is still on the market. It’s 3700 sq feet and for the most part pretty nice. The place has a nice view, and the open house agent told us that there is a view easement so the neighbors can not build up and block your view. While not sure what you could get this for, I think the sellers are pretty motivated, and so I think they might take 1.5m. (Just my guess mind you) In 2005 I don’t think they would have had trouble getting 2.2 to 2.5m for this place.

These are just three that come to mind right away.

Mind you if you are looking at most of the LJ listings, its easy to get the feeling that things haven’t softened up much, since most listings are terribly unrealistic. Still plenty asking 20% above 2005 prices. But note that these are NOT the ones selling. If you look more closely at what is selling, it’s mostly the places that are far better deals.

Also, I’d mention that in other threads I read about how inventory in nicer places is declining. (I think they are usually referring to Carmel Valley or RB) In La Jolla, inventory has never been higher, and sales continue to slow. Last week I counted only 28 pendings which likely means only 15 or so sales per month.

There are still plenty of people in denial and holding out for 2005 prices in LJ, but there are also a few who have figured out the situation and either need or want to sell bad enough that they take what the market will bring. And unless they just get lucky, it doesn’t bring anywhere near 2005 prices.

Just my 2cents.

XBoxBoy

[XBoxBoy]

Homes that I think are selling or have sold for a bunch less than they would have in 2005.

http://www.sdlookup.com/MLS-080040979-335_Ricardo_La_Jolla_Ca_92037

I think this would have easily sold for 2mil in 2005, and 2.2 would not have been unrealistic.

http://www.sdlookup.com/MLS-080053712-6115_Terryhill_Dr_La_Jolla_Ca_92037
This place is a BIG (5488sqft) nice home on a very nice street in the muirlands. It was only listed for under $3m for a short while. Not sure why it got taken off the market shortly there after, but it compares easily to places that sold for 4-5mil in 2005.

http://www.sdlookup.com/MLS-080076836-1132_Avenida_Amantea_La_Jolla_Ca_92037
This one is still on the market. It’s 3700 sq feet and for the most part pretty nice. The place has a nice view, and the open house agent told us that there is a view easement so the neighbors can not build up and block your view. While not sure what you could get this for, I think the sellers are pretty motivated, and so I think they might take 1.5m. (Just my guess mind you) In 2005 I don’t think they would have had trouble getting 2.2 to 2.5m for this place.

These are just three that come to mind right away.

Mind you if you are looking at most of the LJ listings, its easy to get the feeling that things haven’t softened up much, since most listings are terribly unrealistic. Still plenty asking 20% above 2005 prices. But note that these are NOT the ones selling. If you look more closely at what is selling, it’s mostly the places that are far better deals.

Also, I’d mention that in other threads I read about how inventory in nicer places is declining. (I think they are usually referring to Carmel Valley or RB) In La Jolla, inventory has never been higher, and sales continue to slow. Last week I counted only 28 pendings which likely means only 15 or so sales per month.

There are still plenty of people in denial and holding out for 2005 prices in LJ, but there are also a few who have figured out the situation and either need or want to sell bad enough that they take what the market will bring. And unless they just get lucky, it doesn’t bring anywhere near 2005 prices.

Just my 2cents.

XBoxBoy

[XBoxBoy]

Homes that I think are selling or have sold for a bunch less than they would have in 2005.

http://www.sdlookup.com/MLS-080040979-335_Ricardo_La_Jolla_Ca_92037

I think this would have easily sold for 2mil in 2005, and 2.2 would not have been unrealistic.

http://www.sdlookup.com/MLS-080053712-6115_Terryhill_Dr_La_Jolla_Ca_92037
This place is a BIG (5488sqft) nice home on a very nice street in the muirlands. It was only listed for under $3m for a short while. Not sure why it got taken off the market shortly there after, but it compares easily to places that sold for 4-5mil in 2005.

http://www.sdlookup.com/MLS-080076836-1132_Avenida_Amantea_La_Jolla_Ca_92037
This one is still on the market. It’s 3700 sq feet and for the most part pretty nice. The place has a nice view, and the open house agent told us that there is a view easement so the neighbors can not build up and block your view. While not sure what you could get this for, I think the sellers are pretty motivated, and so I think they might take 1.5m. (Just my guess mind you) In 2005 I don’t think they would have had trouble getting 2.2 to 2.5m for this place.

These are just three that come to mind right away.

Mind you if you are looking at most of the LJ listings, its easy to get the feeling that things haven’t softened up much, since most listings are terribly unrealistic. Still plenty asking 20% above 2005 prices. But note that these are NOT the ones selling. If you look more closely at what is selling, it’s mostly the places that are far better deals.

Also, I’d mention that in other threads I read about how inventory in nicer places is declining. (I think they are usually referring to Carmel Valley or RB) In La Jolla, inventory has never been higher, and sales continue to slow. Last week I counted only 28 pendings which likely means only 15 or so sales per month.

There are still plenty of people in denial and holding out for 2005 prices in LJ, but there are also a few who have figured out the situation and either need or want to sell bad enough that they take what the market will bring. And unless they just get lucky, it doesn’t bring anywhere near 2005 prices.

Just my 2cents.

XBoxBoy

[XBoxBoy]

Homes that I think are selling or have sold for a bunch less than they would have in 2005.

http://www.sdlookup.com/MLS-080040979-335_Ricardo_La_Jolla_Ca_92037

I think this would have easily sold for 2mil in 2005, and 2.2 would not have been unrealistic.

http://www.sdlookup.com/MLS-080053712-6115_Terryhill_Dr_La_Jolla_Ca_92037
This place is a BIG (5488sqft) nice home on a very nice street in the muirlands. It was only listed for under $3m for a short while. Not sure why it got taken off the market shortly there after, but it compares easily to places that sold for 4-5mil in 2005.

http://www.sdlookup.com/MLS-080076836-1132_Avenida_Amantea_La_Jolla_Ca_92037
This one is still on the market. It’s 3700 sq feet and for the most part pretty nice. The place has a nice view, and the open house agent told us that there is a view easement so the neighbors can not build up and block your view. While not sure what you could get this for, I think the sellers are pretty motivated, and so I think they might take 1.5m. (Just my guess mind you) In 2005 I don’t think they would have had trouble getting 2.2 to 2.5m for this place.

These are just three that come to mind right away.

Mind you if you are looking at most of the LJ listings, its easy to get the feeling that things haven’t softened up much, since most listings are terribly unrealistic. Still plenty asking 20% above 2005 prices. But note that these are NOT the ones selling. If you look more closely at what is selling, it’s mostly the places that are far better deals.

Also, I’d mention that in other threads I read about how inventory in nicer places is declining. (I think they are usually referring to Carmel Valley or RB) In La Jolla, inventory has never been higher, and sales continue to slow. Last week I counted only 28 pendings which likely means only 15 or so sales per month.

There are still plenty of people in denial and holding out for 2005 prices in LJ, but there are also a few who have figured out the situation and either need or want to sell bad enough that they take what the market will bring. And unless they just get lucky, it doesn’t bring anywhere near 2005 prices.

Just my 2cents.

XBoxBoy

[XBoxBoy]

Cashflow,

Be sure to read the previous thread:
http://piggington.com/getting_re_license_for_myself

To summarize what I learned from that discussion:

Bottom line: the effort to get the license is probably not worth it unless you want to become an agent professionally. Do as much leg work yourself as possible, and get an agent to rep you for 1% and have them rebate the other 2% (or whatever is left) back to you. (There are a couple agents on this site that you could ask if they’d do this, and I suspect one of them would, or you could go to a discount broker)

With just a sales license, you still have to pay a broker.

With no sales experience, the listing agent will see you as a liability and could discourage the buyer from accepting your offer.

It is a major purchase, and I whole heartedly encourage you to get informed, not only about the transaction process, but the market you are buying in, and all relevant details. I also encourage you to be very hands on in the negotiations, and don’t take anyone’s word for anything. But I also think that there’s enough that could come up that’s unique and problematic that you might want an experienced broker helping you.

Just my 2cents though.

XBoxBoy

[XBoxBoy]

Cashflow,

Be sure to read the previous thread:
http://piggington.com/getting_re_license_for_myself

To summarize what I learned from that discussion:

Bottom line: the effort to get the license is probably not worth it unless you want to become an agent professionally. Do as much leg work yourself as possible, and get an agent to rep you for 1% and have them rebate the other 2% (or whatever is left) back to you. (There are a couple agents on this site that you could ask if they’d do this, and I suspect one of them would, or you could go to a discount broker)

With just a sales license, you still have to pay a broker.

With no sales experience, the listing agent will see you as a liability and could discourage the buyer from accepting your offer.

It is a major purchase, and I whole heartedly encourage you to get informed, not only about the transaction process, but the market you are buying in, and all relevant details. I also encourage you to be very hands on in the negotiations, and don’t take anyone’s word for anything. But I also think that there’s enough that could come up that’s unique and problematic that you might want an experienced broker helping you.

Just my 2cents though.

XBoxBoy

[Author]

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