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Owners managed to buy at the bottom during 2012 and sold at the peak in 2018, yet squeaked out only 18.8% appreciation in 6.5 years.  That is about 2.9% gain per year of ownership, barely above inflation.  This would be a good example of why one should not bank on your house as an investment. ...

Another way to make homes cheaper without lowering prices.

We've seen brokers Co-ops being doubled already.  Is Varenna offering free upgrades and landscaping?  All those upgrades could save a buyer close to 100K.  Washer and dryer 2K, subzero fridge 8-10K, window covering 10-13K, upgraded floor 25K, front and back yard 50-60k?

They most likely had money in the market too, however they could have had 2 million more. Furthermore, its actually worse if this was not a primary residence.  Like SGIP said, you can justify paying money to live somewhere, but if this was an investment home, then you should have expected some...

If builders offered lower prices instead of higher broker co-ops, they would probably sell these faster.

If you invested the 500K down and the approximate 168K in housing payments for this house per year, at the rate of market returns from 2008 till now, the owner would have 4.162M.  The principal invested is 2.18M so a net profit of nearly 2 million. 

OC housing update summary: 1.  Inventory up 62% YoY.  Highest levels since 2012. 2.  Demand in last 30 days down 21% YoY.  Lowest since 2008. 3.  Expected market time at 152 days.  Highest since 2011. There is a chart showing OC market time and another showing individual cities including...

Key words:  Last year. 

This must be what IHO looks at when he questions if there is really a slowdown. 

Nice to see that people are buying homes based on appreciated assets. You are selling into a declining market since you bought in July which was pretty much the market top.  Good luck but I have a feeling you are going to take a more than a 5K haircut. 

It is no secret what my thoughts are on housing as I have been pretty explicit in these posts.  In fact Im sure you recall I started a thread about 4 month ago calling for a market top.  Does anyone who read these threads doubt that Eyephone and I think alike about housing?  If the markets goes...

repeat post.  deleted

Perhaps you are right.  If so, we should see home sales tick up and prices climb again as rates have been low lately.  This coincides with seasonality however so it may be hard to figure that out. 

yes he did.  maybe SGIP could shed some lights on costs of refi.

18.5% in this case.  OUCH.

Like I said before, I am not here to give advice but rather show data and facts.  Based on the data/fact people should make their own minds up depending on their own situations.  However, after only a few months, it seems pretty clear Eyephone's advice was right.  Yes, it hindsight now, but not...

Wellsfargo rates today for conforming 30 year were 4.375.  Several months ago they were 5.125.  This .75% difference in rates is significant as it basically means that you can afford 8.5% more house at 4.375% compared to 5.125%.  USCtrojan commented that price gains from first half of the year...

The level of appreciation of this particular house was pretty much inline with rest of the city from 2011 to 2013, so I am still not sure why this particular house's current selling price is not surprising to you, unless you are not surprised that there is some significant drop in prices.  So...

No, but arguing against a position that someone didnt bring up is the definition of a strawman, something you are a master of. 

Makes no sense at all.  What does the big jump in housing prices in 2013 have anything to do with how this house has not appreciated after nearly 6 years?  Does that logic only apply to this house or to all other homes?