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look whta lies realtors tell after a 8% 1 moths drop in Ca house prices!! They should be shot!!

 
Anonymous Coward
User ID: 109150
United States
06/28/2006 01:34 PM
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look whta lies realtors tell after a 8% 1 moths drop in Ca house prices!! They should be shot!!
lies and crap.. form realtor whores..“Prices have flattened and in some areas, have dropped slightly.”

12.2% off the SB median of $515K would set you back $62,830 — right around the San Diego median household income, and in one month’s time!



According to a Santa Barbara realtor (below), we should all buy now. She is the expert, so I am headed out to buy. I/O Option ARMS, here I come!

For those who have been taking a “wait and see” approach to purchasing real estate I would highly recommend not waiting any longer. The real estate market has experienced the predicted soft landing and we are back to a “normal” market.

At this time, there is a very large selection of property currently on the market. This is good for buyers who no longer have to choose something they might not be really excited about just to get into the market.

Prices have flattened and in some areas, have dropped slightly. Also good for buyers. However, I do not believe buyers should expect prices to fall very far. Our beautiful area is a bit more insulated than other parts of the country therefore, prices are far less apt to become depressed.

While interest rates have risen a bit, there are still many excellent programs out there which will allow entry into the housing market.

Over all, I would say that this is an excellent time to buy with lots of inventory, lower prices and good interest rates still available. The time to “wait and see” is over. Do it now!
Anonymous Coward
User ID: 58
United States
06/28/2006 01:36 PM
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Re: look whta lies realtors tell after a 8% 1 moths drop in Ca house prices!! They should be shot!!
I would wait 12-36 months.
Anonymous Coward
User ID: 77678
United States
06/28/2006 01:40 PM
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Re: look whta lies realtors tell after a 8% 1 moths drop in Ca house prices!! They should be shot!!
wait 8-10 months.

Wait much longer than that and you'll stuck in the other end of the curve.
Anonymous Coward (OP)
User ID: 109150
United States
06/28/2006 01:41 PM
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Re: look whta lies realtors tell after a 8% 1 moths drop in Ca house prices!! They should be shot!!
wait for an 80% price fall then buy whatever you want from the bank they will have LOTS of very nice houses for sale..at deep deep discounts..
Anonymous Coward
User ID: 2993
United States
06/28/2006 01:45 PM
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Re: look whta lies realtors tell after a 8% 1 moths drop in Ca house prices!! They should be shot!!
80%? You wil be dead before that happens
common sense
User ID: 77678
United States
06/28/2006 01:48 PM
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Re: look whta lies realtors tell after a 8% 1 moths drop in Ca house prices!! They should be shot!!
read this carefully....

It is better to buy at a lower purchase price w/interest at a higher rate that can be refinanced down... vs.. buying at a high price at low interest and get stuck with a property you cannot afford and would be paying more for it than its worth.
Anonymous Coward
User ID: 110267
Canada
06/28/2006 01:57 PM
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Re: look whta lies realtors tell after a 8% 1 moths drop in Ca house prices!! They should be shot!!
read this carefully....

It is better to buy at a lower purchase price w/interest at a higher rate that can be refinanced down... vs.. buying at a high price at low interest and get stuck with a property you cannot afford and would be paying more for it than its worth.
 Quoting: common sense 77678


I donno, Bought a cheaper place at a higher rate and paid 8 years of $800/month. roughly $70k in interest for $15k off the principal.

Bought a higher end place at locked in low% and have paid off $5K in 9 months. Less than $3k interest for $5k off the prinicipal.
Anonymous Coward
User ID: 105082
United States
06/28/2006 01:59 PM
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Re: look whta lies realtors tell after a 8% 1 moths drop in Ca house prices!! They should be shot!!
wait for an 80% price fall then buy whatever you want from the bank they will have LOTS of very nice houses for sale..at deep deep discounts..
 Quoting: Anonymous Coward 109150

Here in Pa. a few years ago there was a crooked developer and appraisers. The developer was selling houses way over their market value and the appraisers were making up appraisals with fake comparables.
The whole ploy was uncovered when some of the home owners wanted to refinance to lower interest rates or sell.
When the banks or mortgage brokers doing the new loans set out their appraisers they were shocked to find out that the home values were coming in 30 to 40% under the original financed price.
Basically what happened after that is many people just walked away and were foreclosed on.
There are a ton of really nice empty houses here now because the banks want the value of the mortgage note which is way more than the house is worth.
No one wants to buy them from the banks cuz they can get an equal home for 40% elsewhere.
I imagine that's what's gonna happen when these over priced houses lose a good chunk of their value.
Anonymous Coward (OP)
User ID: 109150
United States
06/28/2006 02:25 PM
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Re: look whta lies realtors tell after a 8% 1 moths drop in Ca house prices!! They should be shot!!
Who needs a house when you can live in your car and you’ve got a cell phone. What I need is a portable shower and money for gasoline. And to think, my grandfather thought he had it good 50 years ago with a house he could comfortably afford, time to spend with his family, a wife who could stay home and raise the kids, and extra money to invest for retirement. What a loser - I’ve got a car and a cell phone.
Anonymous Coward
User ID: 74397
Puerto Rico
06/28/2006 02:27 PM
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Re: look whta lies realtors tell after a 8% 1 moths drop in Ca house prices!! They should be shot!!
It's cheaper to rent.
Anonymous Coward
User ID: 110470
United States
06/28/2006 10:05 PM
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Re: look whta lies realtors tell after a 8% 1 moths drop in Ca house prices!! They should be shot!!
OP you got a link for this?
Anonymous Coward
User ID: 110195
United States
06/28/2006 10:19 PM
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Re: look whta lies realtors tell after a 8% 1 moths drop in Ca house prices!! They should be shot!!
"It's cheaper to rent."

Its not around here.
Anonymous Coward
User ID: 74887
United States
06/29/2006 12:04 AM
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Re: look whta lies realtors tell after a 8% 1 moths drop in Ca house prices!! They should be shot!!
Wait another 8-9 years for the bottom, unless you can afford to loose money and money is no object. hmm
WIO
User ID: 97104
United States
06/29/2006 12:30 AM
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Re: look whta lies realtors tell after a 8% 1 moths drop in Ca house prices!! They should be shot!!
GOOD CLEAN PLACE TO LIVE.. away from WAR.. & INVEST

[link to www.mongolian-realestate.com]

ah ho WIO
better lknk
User ID: 97104
United States
06/29/2006 12:35 AM
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Re: look whta lies realtors tell after a 8% 1 moths drop in Ca house prices!! They should be shot!!
[link to www.mongolia-realestate.com]
mercury2 nli
User ID: 110517
United States
06/29/2006 12:38 AM
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Re: look whta lies realtors tell after a 8% 1 moths drop in Ca house prices!! They should be shot!!
Geez WIO you had me going there for a minute, I should have known better. iamwith





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