tag:blogger.com,1999:blog-4622411633995176328.post7518598254421413258..comments2023-09-29T04:22:59.719-07:00Comments on Average Buyer: All's Fair?Buying Timehttp://www.blogger.com/profile/04651516505789196067noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-4622411633995176328.post-78753328306935906172008-03-07T20:59:00.000-08:002008-03-07T20:59:00.000-08:00Yea I think I looked at that. Plus or minus 10% p...Yea I think I looked at that. Plus or minus 10% probably no bid deal. <BR/><BR/>Notice that the really underpriced places happen to be WHERE NOBODY WANTS TO LIVE. Where the price to income ratio is low because income is moving away.......https://www.blogger.com/profile/15787488124689480616noreply@blogger.comtag:blogger.com,1999:blog-4622411633995176328.post-58752907042157497832008-03-07T17:08:00.000-08:002008-03-07T17:08:00.000-08:00Sippin, it shows 7% over as of the end of Q42007, ...Sippin, it shows 7% over as of the end of Q42007, which as shown in its data corresponded to a median price at that time of $302.2K. The median has dropped another 10% or so since year end, so I would think that as of now that 7% (and likely somewhat more) has been erased.Mysterehttps://www.blogger.com/profile/16040902555362228085noreply@blogger.comtag:blogger.com,1999:blog-4622411633995176328.post-35788079231082573322008-03-07T16:36:00.000-08:002008-03-07T16:36:00.000-08:00Actually, it showed that at the peak the Sacrament...Actually, it showed that at the peak the Sacramento market was overvalued by more than 50% -- specifically, 52.4% in Q32005.<BR/><BR/>Try again.Mysterehttps://www.blogger.com/profile/16040902555362228085noreply@blogger.comtag:blogger.com,1999:blog-4622411633995176328.post-87825854854918587142008-03-07T15:15:00.000-08:002008-03-07T15:15:00.000-08:00If it's fairly valued now, projecting backwards (u...If it's fairly valued now, projecting backwards (using Shiller's data) that would mean it was a downright STEAL for most of the 20th century. Obviously this is nonsense.<BR/><BR/>And gwyn is right. Funny though, that 30 was considered overly pessimistic at the time.patient renterhttps://www.blogger.com/profile/17790407105234257876noreply@blogger.comtag:blogger.com,1999:blog-4622411633995176328.post-70050742314800340272008-03-07T13:06:00.000-08:002008-03-07T13:06:00.000-08:00Now if I brought up National's study, you'd all po...Now if I brought up National's study, you'd all poo poo it.<BR/><BR/>I think they still showed 7%, but thats within reason. <BR/><BR/>Like Sac Real Stats, sometimes you have to "create" your bottom through the offer process....https://www.blogger.com/profile/15787488124689480616noreply@blogger.comtag:blogger.com,1999:blog-4622411633995176328.post-49779208082887782222008-03-07T12:13:00.000-08:002008-03-07T12:13:00.000-08:00I think that's because they only had us at a fanta...I think that's because they only had us at a fantasy 30% over instead of the 50% that was real.Anonymousnoreply@blogger.com