Comments on: Am I Still Bullish On the Sacramento Real Estate Market, and Was I Ever? http://www.sacramento-home.com/real-estate-events/2007/am-i-still-bullish-on-the-sacramento-real-estate-market-and-was-i-ever_712.html Home of the Sacramento Market Update and Ask The Realtor® Sun, 07 Sep 2008 17:55:53 +0000 http://wordpress.org/?v=2.6 By: The OC Coastal Real Estate Blog » Sand Rush: The Bridge To the Next OC Market http://www.sacramento-home.com/real-estate-events/2007/am-i-still-bullish-on-the-sacramento-real-estate-market-and-was-i-ever_712.html#comment-23243 The OC Coastal Real Estate Blog » Sand Rush: The Bridge To the Next OC Market Wed, 29 Aug 2007 03:11:08 +0000 http://www.sacramento-home.com/real-estate-events/2007/am-i-still-bullish-on-the-sacramento-real-estate-market-and-was-i-ever_712.html#comment-23243 [...] Published by Rory at 4:00 pm under Dana Point News and Info, Local News and Information, Orange County Market Conditions What do you think of when you hear these terms? Crystal Cove, Headlands, Custom Homes, Ocean View.... The OC Register has a name for it, "Sand Rush". This description is indicative of the limited availability of coastal home building space, and limited number of coastal homes. Here in Orange County, there is not only the inland luxury market that still attracts people to places like Coto de Caza and Nellie Gail Ranch, but the one crown jewel of the Orange County market are the coastal homes. The coastal luxury market is like a giant bridge that brings us from one market to the next. While Wall Street, local and national lenders get sorted through the Sub prime Tsunami, the coastal luxury market will still be going, full steam. Why? Because typically people buying homes in the 10-25 Million dollar range aren't going to rely on Countrywide for their capital, so the whole discussion of mortgage fallout is a non-sequitur. For everyone else, the market is cyclical. What goes up must come down, but it also goes up again. That is why a cycle is different than a bubble. The word bubble implies that once there is a pop, there is nothing left. In the meantime John Lockwood in Sacramento gives great advice of how to strategically weather the lender storm. [...] [...] Published by Rory at 4:00 pm under Dana Point News and Info, Local News and Information, Orange County Market Conditions What do you think of when you hear these terms? Crystal Cove, Headlands, Custom Homes, Ocean View…. The OC Register has a name for it, “Sand Rush”. This description is indicative of the limited availability of coastal home building space, and limited number of coastal homes. Here in Orange County, there is not only the inland luxury market that still attracts people to places like Coto de Caza and Nellie Gail Ranch, but the one crown jewel of the Orange County market are the coastal homes. The coastal luxury market is like a giant bridge that brings us from one market to the next. While Wall Street, local and national lenders get sorted through the Sub prime Tsunami, the coastal luxury market will still be going, full steam. Why? Because typically people buying homes in the 10-25 Million dollar range aren’t going to rely on Countrywide for their capital, so the whole discussion of mortgage fallout is a non-sequitur. For everyone else, the market is cyclical. What goes up must come down, but it also goes up again. That is why a cycle is different than a bubble. The word bubble implies that once there is a pop, there is nothing left. In the meantime John Lockwood in Sacramento gives great advice of how to strategically weather the lender storm. [...]

]]> By: Marty Van Diest http://www.sacramento-home.com/real-estate-events/2007/am-i-still-bullish-on-the-sacramento-real-estate-market-and-was-i-ever_712.html#comment-22961 Marty Van Diest Wed, 22 Aug 2007 16:34:45 +0000 http://www.sacramento-home.com/real-estate-events/2007/am-i-still-bullish-on-the-sacramento-real-estate-market-and-was-i-ever_712.html#comment-22961 Good post. Finding the bottom is really not possible. Since I work primarily with people buying owner occupied single family homes the question really is...should I rent or buy? That depends on how long they are going to stay in the home and what they believe the the future holds. It also depends on how much value they place in deciding whether they can paint their home, plant a garden in the back yard, own a pet, etc. In other words, are they tired of asking permission from a landlord for everthing and how much is that worth to them. Good post. Finding the bottom is really not possible.

Since I work primarily with people buying owner occupied single family homes the question really is…should I rent or buy? That depends on how long they are going to stay in the home and what they believe the the future holds.

It also depends on how much value they place in deciding whether they can paint their home, plant a garden in the back yard, own a pet, etc. In other words, are they tired of asking permission from a landlord for everthing and how much is that worth to them.

]]> By: Jeff Brown http://www.sacramento-home.com/real-estate-events/2007/am-i-still-bullish-on-the-sacramento-real-estate-market-and-was-i-ever_712.html#comment-22915 Jeff Brown Tue, 21 Aug 2007 16:19:43 +0000 http://www.sacramento-home.com/real-estate-events/2007/am-i-still-bullish-on-the-sacramento-real-estate-market-and-was-i-ever_712.html#comment-22915 I think you've stumbled onto a great idea John. The five year buyer/broker agreement! :) Your 'fools errand' comment is spot on. I've believed for years buying when you 'think' we're at the bottom is probably ok. If you're right you're a genius, not to mention in the chips. If you're wrong, who cares? It just means you'll wait a little longer to be in the chips. And since we've not ever had a national bubble, a monster drop would be only a miniscule risk. I'd develop that five year agreement idea if I was you John. :) I think you’ve stumbled onto a great idea John. The five year buyer/broker agreement! :)

Your ‘fools errand’ comment is spot on. I’ve believed for years buying when you ‘think’ we’re at the bottom is probably ok. If you’re right you’re a genius, not to mention in the chips. If you’re wrong, who cares? It just means you’ll wait a little longer to be in the chips. And since we’ve not ever had a national bubble, a monster drop would be only a miniscule risk.

I’d develop that five year agreement idea if I was you John. :)

]]> By: John Lockwood http://www.sacramento-home.com/real-estate-events/2007/am-i-still-bullish-on-the-sacramento-real-estate-market-and-was-i-ever_712.html#comment-22861 John Lockwood Sun, 19 Aug 2007 22:23:35 +0000 http://www.sacramento-home.com/real-estate-events/2007/am-i-still-bullish-on-the-sacramento-real-estate-market-and-was-i-ever_712.html#comment-22861 Be happy to. What sort of property are you looking to buy out here, and how much cash are you looking to invest? Oh. Actually it'd make a good service for some multi-millionaires -- a private "Are we there yet?" mailing list. I'll be happy to put together a private mailing list for a look at your cash and a five year buyer-broker agreement. Any takers? Seriously, it shouldn't be too hard -- when it goes up slightly three months in a row, you just missed it. Still enough time to get some good bargains. By October, 2005, I knew that the top was in August, 2005, for example. The rest of us need financing, so trying to time the bottom is a fools errand at best because one would expect it to come along at the same time as the period of tightest (most expensive) money. Now's always the right time to buy, but only for the people for whom now is really the right time to buy. Purva and I haven't yet learned the proper voodoo math to argue any differently, but we'd welcome a guest article. Be happy to. What sort of property are you looking to buy out here, and how much cash are you looking to invest?

Oh.

Actually it’d make a good service for some multi-millionaires — a private “Are we there yet?” mailing list. I’ll be happy to put together a private mailing list for a look at your cash and a five year buyer-broker agreement. Any takers?

Seriously, it shouldn’t be too hard — when it goes up slightly three months in a row, you just missed it. Still enough time to get some good bargains. By October, 2005, I knew that the top was in August, 2005, for example.

The rest of us need financing, so trying to time the bottom is a fools errand at best because one would expect it to come along at the same time as the period of tightest (most expensive) money.

Now’s always the right time to buy, but only for the people for whom now is really the right time to buy. Purva and I haven’t yet learned the proper voodoo math to argue any differently, but we’d welcome a guest article.

]]> By: Jeff Brown http://www.sacramento-home.com/real-estate-events/2007/am-i-still-bullish-on-the-sacramento-real-estate-market-and-was-i-ever_712.html#comment-22859 Jeff Brown Sun, 19 Aug 2007 21:47:05 +0000 http://www.sacramento-home.com/real-estate-events/2007/am-i-still-bullish-on-the-sacramento-real-estate-market-and-was-i-ever_712.html#comment-22859 Hey John, what's up? >Try to time the bottom if you have cash. Please contact me the minute it hits bottom, will ya? Thanks! :) Hey John, what’s up?

>Try to time the bottom if you have cash.

Please contact me the minute it hits bottom, will ya? Thanks! :)

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