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Old 05-30-2009, 10:43 PM
 
13,820 posts, read 11,368,333 times
Reputation: 9736
Quote:
Originally Posted by Tallysmom View Post
Sliver, you and I have been around and around this subject before. But I honestly don't think prices will ever drop far enough for you to consider it a deal.

You're too cheap.

It's okay-- I am, too.

I think your other problem is you have standards. I don't think you'd consider coming down to the East Oakland Flats, buying a small house really cheap that needs lots of work, and doing that work. You sound like you want a nice a house in a great area cheap.

And there is nothing wrong with that, either. But you're not going to find a Rockridge gem for 200K -- it just ain't gonna happen, my friend.

My question to you would be -- are you happy enough here for the time being to stay here in the conditions you are living in, or are you going to move out?

Frankly, I'm starting to find the whole intellectualization and rationalization of real estate on this and many other websites very tedious. You want to buy a house? Buy a house. You don't want to buy a house? Don't buy a house.

Chattering on and on and on makes everyone who doesn't own a home sound bitter, while the ones that do own homes sound holier than thou.
haha. I think you're right Tallysmom
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Old 06-03-2009, 01:27 PM
 
913 posts, read 1,525,173 times
Reputation: 178
Default Coming: A 3rd wave of foreclosures

Housing crunch: Tales from the boom and the bust - MSN Money

Why your home's value will keep falling - MSN Money - Mutual Funds

From the Wall Street Journal today: How the Pending Sales Bounce Could Signal Future Price Erosion - Developments - WSJ
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Old 06-03-2009, 01:32 PM
 
2,987 posts, read 4,649,763 times
Reputation: 1373
Great back up!
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Old 06-03-2009, 01:47 PM
 
373 posts, read 757,040 times
Reputation: 193
The city of San Francisco is still waaaaaaaaaaaaaaaaaaaaay overpriced. Check out this 1200 sq ft 2 bed 1 bath house in the outer sunset right next to the ocean that is priced at $729,000: 1890 Great Hwy, San Francisco, CA 94122 - Zillow (http://tinyurl.com/oueo88 - broken link). The mortgage is ~ 3200 a month w/20% down.

Then there's this 3/2 in Vis Valley priced at $800,000:
407 Gaven St, San Francisco, CA 94134 - Zillow (http://tinyurl.com/p3svmv - broken link)

On and on. Who do these sellers think they are? Anyone who buys such home at such high prices needs their heads examined.
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Old 06-04-2009, 12:19 PM
 
913 posts, read 1,525,173 times
Reputation: 178
Default Rising interest rates could threaten recovery

Now that rates are going up, how will real estate agents be able to talk their clients into buying NOW?!

Rising rates could threaten recovery - Eye on the Economy- msnbc.com
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Old 06-04-2009, 01:03 PM
 
Location: In them thar hills
7,835 posts, read 9,371,779 times
Reputation: 3966
Quote:
Originally Posted by jzt83 View Post
The city of San Francisco is still waaaaaaaaaaaaaaaaaaaaay overpriced. Check out this 1200 sq ft 2 bed 1 bath house in the outer sunset right next to the ocean that is priced at $729,000: 1890 Great Hwy, San Francisco, CA 94122 - Zillow (http://tinyurl.com/oueo88 - broken link). The mortgage is ~ 3200 a month w/20% down.

Then there's this 3/2 in Vis Valley priced at $800,000:
407 Gaven St, San Francisco, CA 94134 - Zillow (http://tinyurl.com/p3svmv - broken link)

On and on. Who do these sellers think they are? Anyone who buys such home at such high prices needs their heads examined.
Chinese buying with cash.
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Old 06-05-2009, 12:08 AM
 
13,504 posts, read 24,628,462 times
Reputation: 7789
Quote:
Originally Posted by jaynetarzana View Post
Now that rates are going up, how will real estate agents be able to talk their clients into buying NOW?!

Rising rates could threaten recovery - Eye on the Economy- msnbc.com
That's easy...

Buy now before rates go up again

I bought some of my best properties when rates were around 15% back in the early 80's... Higher rates equal lower prices... at least that has been the case for me...
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Old 06-12-2009, 12:21 PM
 
913 posts, read 1,525,173 times
Reputation: 178
Default Mortgage Market Remains Solidly Frozen

I completely agree Ultrarunner.

Here is another reason the market has a long way to go before it can rebound:
Mish's Global Economic Trend Analysis: Mortgage Market Remains Solidly Frozen
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Old 06-12-2009, 11:32 PM
ANC
 
24 posts, read 49,672 times
Reputation: 17
There's a house somewhere for under a million?! Sign me up! I can't wait to leave this area. The high price of houses wouldn't be so bad IF the typical income in this area matched the costs. Out in the Midwest you can buy a very decent home making minimum wage. One of my best friends did last year, a very nice 3br place. Out here, to buy even a tiny house means making enough to put you in the top 10% income bracket. Buying is more or less an investment tool of the wealthy. Buy homes out here and rent them to those of us who can't afford to buy.

I can't wait to move out of here. Just a couple more months...
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Old 07-25-2010, 08:44 AM
 
913 posts, read 1,525,173 times
Reputation: 178
Default Tens of thousands of Bay Area homeowners are trapped in real estate limbo

http://www.mercurynews.com/top-stori...nclick_check=1
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