Housing Rolling Along 2

Quote from traderdragon:

Drove out of my complex this morning to grab breakfast and there was a guy on the corner holding a sign that said "PLEASE BUY MY CONDO". He looked a little more than desperate.

The end is near. :)
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If he's that desperate to sell, why not put a ridiculous lowball offer on the table and see what happens.
 
there is no such thing as a "ridiculous lowball" bid... it's just a bid. if you're desperate enough, take it!


Quote from Longhorns:

If he's that desperate to sell, why not put a ridiculous lowball offer on the table and see what happens.
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Wasn't Orange County doomed?

Home prices up, by any math

31lans.g.gif
 
Quote from der_kommissar:

I think this whole "national" rents rising rapidly crap is a ruse designed to try and save what's salvageable of this rapidly eroding "real estate market". Find me an area in this country where the supply of properties on the market is LESS than it was a year ago. Now, add to it hundreds of thousands of new spec properties hitting the market over the next year. Tell me, how do rents rise appreciably with all of that overhang?

I could virtually guarantee that anyone willing to "kick the tires" a bit in any of these heavy supply areas could be renting cheaper than a year ago. But then again, that would take a bit of research and due diligence.
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I know that there are homes for rent in my neighborhood, that have been for rent for at least 12 months with no takers. Rents aren't going up either.

Home prices in my community have been down at least 10% already from the peak and still dropping. One home started at 425, now 369 and has been for sale by a flipper/realtor for over 1 year. Holding cost must be eating him alive.

The owner of my place is such a dick, that I hope the market dumps 40+% when the lease expires, so I can make a crazy low ball offer and tell him to F Off. He's already neg cash flow more than 700/month.
 
Taked to this girl yesterday who manages an apartment complex. She mentioned that she had just spoken to a couple that were moving out and they were moving into a house they bought with ANOTHER family.

This is girl is from Orange county and wants to move to the South but her husband is from here in Carlsbad and he won't leave. She is mad because she can't afraid a house and said no way is she going to live with another family. Apparently her husband is content to wait around for his parents to die to get their house. His parents are only in their early 60's. Her parents live in Orange county and are trying to sell their house to move to Riverside County. They can't afford the area any more.

Fun is just beginning. Wait unitil 30 year fixed hits 8%.

John
 
Quote from crackedback:

I know that there are homes for rent in my neighborhood, that have been for rent for at least 12 months with no takers. Rents aren't going up either.

Home prices in my community have been down at least 10% already from the peak and still dropping. One home started at 425, now 369 and has been for sale by a flipper/realtor for over 1 year. Holding cost must be eating him alive.

The owner of my place is such a dick, that I hope the market dumps 40+% when the lease expires, so I can make a crazy low ball offer and tell him to F Off. He's already neg cash flow more than 700/month.
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You can rent houses here in Carlsbad for $2500+- a month that were on the market for $1million plus.

http://sandiego.craigslist.org/apa/166513683.html

John
 
love it

Quote from crackedback:

I know that there are homes for rent in my neighborhood, that have been for rent for at least 12 months with no takers. Rents aren't going up either.

Home prices in my community have been down at least 10% already from the peak and still dropping. One home started at 425, now 369 and has been for sale by a flipper/realtor for over 1 year. Holding cost must be eating him alive.

The owner of my place is such a dick, that I hope the market dumps 40+% when the lease expires, so I can make a crazy low ball offer and tell him to F Off. He's already neg cash flow more than 700/month.
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im short IYR and loving every goddam minute of it.

hell. to. pay.

buy high sell higher? buy high eat rocks.

sorry but low interest made the jones's greedy.
 
Quote from Smart Money:

Every morning on my way to work, I cut through a big neighborhood with cute starter homes.


Now that this shake-out is over, strong hands hold the properties. Makes me wonder if prices will start rising instead of stagnating because of this.

Food for thought!

SM
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food for thought? dude, starter homes are not occupied by strong hands. try again.
 
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