tag:blogger.com,1999:blog-3329419642567789295.post2154629494315245103..comments2023-10-30T06:49:13.259-07:00Comments on Larry Roberts real estate writing blog: Squeezing the juice out of OrangecrestLarry Robertshttp://www.blogger.com/profile/07551274023310137270noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-3329419642567789295.post-73143502145092300462008-03-25T10:02:00.000-07:002008-03-25T10:02:00.000-07:00The lowest priced home selling is not indicative o...The lowest priced home selling is not indicative of a turn around. It's normal, and a good indication that PRICE is what sells. There goes the comps...yea, yippee.<BR/><BR/>Now if the rest of the houses will jsut drop the price to $103 s/f things might pick up a bit.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3329419642567789295.post-15757553703510014682008-03-25T08:18:00.000-07:002008-03-25T08:18:00.000-07:00I asked my broker about this one yesterday, he sai...I asked my broker about this one yesterday, he said it was already off the market with several offers. Maybe things are starting to turn around.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3329419642567789295.post-73271976329124229952008-03-24T11:08:00.000-07:002008-03-24T11:08:00.000-07:00I wish I could answer those questions. There is no...I wish I could answer those questions. There is no way to tell when the bottom is until after it happens. Then you can look back and say "yup, prices bottomed out in xx/20xx".<BR/><BR/>As far as interest rates go, that's another big unknown. Ask 20"experts", get 20 different answers. My gut felling is that interest rates will remain about where they are now for a few years then they will start to creep up. <BR/><BR/>As far as calling a bottom, my guess is that won't happen till 2011 or 2012. I think most of the price declines will happen in the next year or two and then another year or two of slight declines will follow those. Once the prices stop declining I don't expect them to take off again for years (20+). There will be slight increases to keep up with inflation but another real estate boom may not happen in my lifetime.<BR/><BR/>You are free to disagree, formulate your own opinion etc. My opinion is based on past booms/busts and the magic eight ball I have on my desk.golfer_Xhttps://www.blogger.com/profile/08426050465032209520noreply@blogger.comtag:blogger.com,1999:blog-3329419642567789295.post-23335878077705025872008-03-24T10:51:00.000-07:002008-03-24T10:51:00.000-07:00I enjoy reading your posts and share your interest...I enjoy reading your posts and share your interests in golf and real estate, I'm a renter for now and I'm waiting to buy my first home in the Temecula area.<BR/><BR/>What are some of the things I should look for to know we are at or close to the bottom ? And how mortgage interest rates will look like in the next year or 18 months ? Is putting 20% 30% down a good idea ?<BR/><BR/>Thank you and may you hit all your GIRAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-3329419642567789295.post-82924227339122047192008-03-23T22:38:00.000-07:002008-03-23T22:38:00.000-07:00You're right. I get used to seeing friends with h...You're right. I get used to seeing friends with huge homes and think I should be able to get one too. Still hoping this big homes go down. :)Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3329419642567789295.post-47034293666905843512008-03-23T21:27:00.000-07:002008-03-23T21:27:00.000-07:00Wait, I take it back, Median income Californians w...Wait, I take it back, Median income Californians were buying 3000 s/f homes over the last 5 years with liar loans and such. one of the many reasons we are in this mess.....golfer_Xhttps://www.blogger.com/profile/08426050465032209520noreply@blogger.comtag:blogger.com,1999:blog-3329419642567789295.post-18547103105596066192008-03-23T21:22:00.000-07:002008-03-23T21:22:00.000-07:00This is not a "median income" house. This is a big...This is not a "median income" house. This is a big house and under normal circumstances would be purchased by an upper middle class family making far more than median income. let's face it, median income in Cali has usually meant renting or buying a small starter in a less desirable area. Median income Californians have never been able to buy 3000 s/f homes, even in Riverside.golfer_Xhttps://www.blogger.com/profile/08426050465032209520noreply@blogger.comtag:blogger.com,1999:blog-3329419642567789295.post-76027936987729572452008-03-23T20:54:00.000-07:002008-03-23T20:54:00.000-07:00This is a great price, but still doesn't match the...This is a great price, but still doesn't match the median income. This house was listed as a short sale for $475,000 for the longest time. Looking forward to more homes in this area coming down in price.Paige Hinrichshttps://www.blogger.com/profile/12178480903123315089noreply@blogger.com