Recent content by SDRenter_IHB

<p>The vulture investors are buying land (raw land & buildable lots) and condos.</p> <p>With the land, the investors will wait until the market come back & sell the land back to the builders for a profit. AKA "land banking".</p> <p>With the condos, they will rent them out because the condos...

<p><em>So, if it cost $125 a sqft before the prices went down, it may only drop that down to $123 a sqft.</em></p> <p>In 2002, it didn't cost $125/sq ft to build in the IE (b/c prices in 2002 didn't support $125/sq ft, but builders were making profits).</p> <p>So, <em>something</em> must...

<p><em>Residual value hasn't gone negative here like it has in the Inland Empire.</em></p> <p>IrvineRenter, is this another way of saying: in the IE, even if the builders get the land for free, they can't sell the houses for a profit ?</p> <p>If so, this must means that home prices have gone...

I recently read an article mentioning the increase of sellers financings in California & other high-priced markets. It's not surprising because there are buyers out there (albeit a small number) who really want to buy & sellers who want to sell to these buyers. With the tightening of the...

Does anyone have the complete text of Mozillo's conference call ?

<p>"So, if the home is sold in five years for $750,000, REX receives half the increase, or, $125,000"</p> <p>What if the home is sold in 5 years for less than $500,000. Will REX take half of the loss ?</p>

<p>It can also be a "trick". That is, the seller is desperate to sell & cannot lower the price (because if he does, he'll be "underwater"). So, the seller resorts to increasing the price hoping that some foolish fence sitter might be tricked into thinking that prices are going up & jump in. Many...

<p>stillConfused,</p> <p>It sounds like waiting for the correction to run its course is putting a lot of stress on your family life. Under this circumstance, option 4 may be your best bet.</p> <p><em>"(4) Around December, purchase a new home from builder for hopefully bargain price (at least...

<p>nirvinerealtor,</p> <p>Just out of curiosity, currently, with the slow market, how many transaction sides are you getting per month ?</p>

<p>I was wondering: what is the chance that wall street investors will "cooperate" with the lenders & borrowers to reduce the number of foreclosures (please see the following relevant articles)</p> <p><a...

<p>I have a feeling that after the subprime mortgages exploded, the "Alt-A" mortgages will be next.</p> <p><em>"Alt-A" mortgages are mortgages made to people who fall in the gray area between "prime" and "subprime". The catch-all Alt-A category includes many of the innovative products that...