Comments on: Getting It, Some Agents Do http://www.socalbubble.com/2007/04/getting-it-some-agents-do.html Southern California is Experiencing a Real Estate Bubble like never before Fri, 04 Feb 2011 01:16:46 -0700 hourly 1 http://wordpress.org/?v=3.1 By: Redmond Oregon Homes http://www.socalbubble.com/2007/04/getting-it-some-agents-do.html/comment-page-1#comment-32563 Redmond Oregon Homes Mon, 31 Dec 2007 12:43:59 +0000 http://www.socalbubble.com/2007/04/getting-it-some-agents-do.html#comment-32563 Short sales are looking even better right now. I noticed the inventory is raising locally. Might be a good thing for investors. Short sales are looking even better right now. I noticed the inventory is raising locally. Might be a good thing for investors.

]]> By: Larry Wilson http://www.socalbubble.com/2007/04/getting-it-some-agents-do.html/comment-page-1#comment-5067 Larry Wilson Thu, 03 May 2007 05:05:00 +0000 http://www.socalbubble.com/2007/04/getting-it-some-agents-do.html#comment-5067 Yeah, I remember the early '90s meltdown in San Diego very well. I was one of the people who turned over a property to the bank. Just couldn't sell it, and after 18 months and a divorce and all that, a voluntary handover to the bank was the only way to go. I put $50K down on that place just two years earlier. All lost. Luckily, the bank was facing thousands of similar situations and had a policy that was semi-kind to people stuck in that trap. Of course I was young and dumb and don't blame anyone else for me getting stuck that way. But like thousands of other San Diego people at the time, I had recently sold a place for nearly double what I bought it for, and thought I could "move up." Ha! Yeah, I remember the early ’90s meltdown in San Diego very well. I was one of the people who turned over a property to the bank.

Just couldn’t sell it, and after 18 months and a divorce and all that, a voluntary handover to the bank was the only way to go. I put $50K down on that place just two years earlier. All lost. Luckily, the bank was facing thousands of similar situations and had a policy that was semi-kind to people stuck in that trap.

Of course I was young and dumb and don’t blame anyone else for me getting stuck that way. But like thousands of other San Diego people at the time, I had recently sold a place for nearly double what I bought it for, and thought I could “move up.” Ha!

]]> By: MarkusArelius http://www.socalbubble.com/2007/04/getting-it-some-agents-do.html/comment-page-1#comment-4510 MarkusArelius Fri, 20 Apr 2007 15:21:38 +0000 http://www.socalbubble.com/2007/04/getting-it-some-agents-do.html#comment-4510 Wow! Some intellectual honesty in the real estate industry! Who would've thunk it!? Tip of the hat due to this realtor. Clearly, he has been around the block once or twice and managed to maintain good judgement and prudence during the 7 year long wapatuli party that was the southern California real estate run-up... I'm sure he will be successful. But when will other realtors "come to Jesus" and change their ways?? Wow! Some intellectual honesty in the real estate industry! Who would’ve thunk it!?

Tip of the hat due to this realtor. Clearly, he has been around the block once or twice and managed to maintain good judgement and prudence during the 7 year long wapatuli party that was the southern California real estate run-up…

I’m sure he will be successful. But when will other realtors “come to Jesus” and change their ways??

]]> By: JimAtLaw http://www.socalbubble.com/2007/04/getting-it-some-agents-do.html/comment-page-1#comment-4447 JimAtLaw Wed, 18 Apr 2007 23:00:25 +0000 http://www.socalbubble.com/2007/04/getting-it-some-agents-do.html#comment-4447 But vastly more agents DON'T get it. Take a look at this newsletter I received from Realtor™ Kyle Matthews today: http://realtytimes.com/101/KyleMathews Surprise surprise, Mr. Matthews claims that now is the time to buy! His assertion that this is a "buyers market" is supported with a stupefying claim of "stabilized prices". That's right folks, ignore that cliff ahead and just look up at the sky and dream... Let's hope that Mr. Morgan and his kind try a little harder going forward to purge their ranks of the liars and crooks that seem to make up the majority of Realtors™ I've spoken to... But vastly more agents DON’T get it. Take a look at this newsletter I received from Realtor™ Kyle Matthews today:

http://realtytimes.com/101/KyleMathews

Surprise surprise, Mr. Matthews claims that now is the time to buy! His assertion that this is a “buyers market” is supported with a stupefying claim of “stabilized prices”. That’s right folks, ignore that cliff ahead and just look up at the sky and dream…

Let’s hope that Mr. Morgan and his kind try a little harder going forward to purge their ranks of the liars and crooks that seem to make up the majority of Realtors™ I’ve spoken to…

]]> By: Chuck Ponzi http://www.socalbubble.com/2007/04/getting-it-some-agents-do.html/comment-page-1#comment-4437 Chuck Ponzi Wed, 18 Apr 2007 17:09:57 +0000 http://www.socalbubble.com/2007/04/getting-it-some-agents-do.html#comment-4437 Housing is usually a lagging indicator. When housing becomes your economy, the feedback loop is amplified. In OC, where nearly 1 in 5 jobs is directly real estate related, we could see some pretty bad dumps in prices. North County San Diego is already seeing 15 to 20% off of peak prices. See the 4Closure Ranch specials as well as what's going on in oceanside/Carlsbad. It's messy, messy messy. Housing is usually a lagging indicator. When housing becomes your economy, the feedback loop is amplified.

In OC, where nearly 1 in 5 jobs is directly real estate related, we could see some pretty bad dumps in prices.

North County San Diego is already seeing 15 to 20% off of peak prices. See the 4Closure Ranch specials as well as what’s going on in oceanside/Carlsbad.

It’s messy, messy messy.

]]> By: marinite http://www.socalbubble.com/2007/04/getting-it-some-agents-do.html/comment-page-1#comment-4436 marinite Wed, 18 Apr 2007 16:52:25 +0000 http://www.socalbubble.com/2007/04/getting-it-some-agents-do.html#comment-4436 I was living in SoCal back then. It was -35% then with job losses etc. Now the economy is supposedly pretty good. So one would think what we are in for is something larger than 35%. Or will it go something like this: RE drops -> recession -> more RE drops -> ? I was living in SoCal back then. It was -35% then with job losses etc. Now the economy is supposedly pretty good. So one would think what we are in for is something larger than 35%. Or will it go something like this:

RE drops -> recession -> more RE drops -> ?

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