A place to meet your neighbors & exchange ideas
The real estate market shall turn around...in November 2009!
- Rating:
3 after 1 vote
According to news reports this week/weekend based on February 2009 and early March 2009 sales figures across all of Southern CA (counties/cities below the "invisible line" that goes from the border where SLO county and King County meet, and goes eastbound all the way across to the Arizona state line), people are buying homes OTHER THAN foreclosures! This is GOOD news people! So I'm guestimating that in roughly 29 weeks, we will have a noticeable yet minimal "upswing" movement occur, and the market shall be ripe for buying properties that won't be any lower for quite some time (at least until the next screw up, some 5+ years down the road). I'll be busy buying up duplexes/triplexes, and maybe a 2/1, 3/1, 3/2 SFR here and there around that time. Anyone care to join me?
Replies to This Discussion
-
Permalink Reply by Gene Kilmer on -
And how about a bridge to Oakland you could put in your own tole booths?
-
Permalink Reply by Rich on -
Maybe, but a toll booth not like those in the past. I am thinking that there'd be an invisible electric zinger thingamajig that when a car/SUV/butt ugly vehicle approaches within 40 yards and slows down to pass, the zinger thingie electronically registers that cars VIN or license plates, and thus, deducts the fares from the car owner's checking account, etc.
Now that's paying the big man!
-
Permalink Reply by Tonia on -
Sure hope so, would love to sell my house. 6 years later still on the market
-
Permalink Reply by Rich on
-
Nah, no bridges. Just thoroughfares! I like 'em without belts (i.e., beltways sans belts? I love it!)
-
Permalink Reply by JOHN LANDON on -
NEVER ... ha ha ha 2009?
-
Permalink Reply by Rich on
-
Yahoo had an article online today from the AP saying several economists see the recession ending around this Christmas, or by next Spring. That is bitchin'!
-
Permalink Reply by JOHN LANDON on
-
say that in june ...
-
Permalink Reply by Rich on
-
That can't be good, for you or the public view of your house. Why not take it off until maybe November? Then re-list it at the lower end of the CMA range.
-
Permalink Reply by Ed on -
You ask 20 different economist and you'll get 20 different answers. 2 or 3 weeks of positive data isn't something you want to bet the farm on. It could happen and then again it couldn't.
It like walking up a flight of stairs on a three story building. You need to get to the second floor before the chances of getting to the third is probable.
Welcome to
Central Coast Today
© 2010 Created by Eggbox Media, LLC DBA Central Coast Today
