Foreclosures add to tight rental market

NEW -> Contingent Buyer Assistance Program
[quote author="graphrix" date=1225044972]And... here in lies the rub. Someone who wants your business, posts once a month to drum up business, avoids answering questions, is totally and completely ignorant of the posts here outside his own, and pathetically tries to use reverse psychology that posters, like me and many others see right through, but shows 12%-18% annual return on RE. Those projections/forecasting are are way too optimistic, and every active and intelligently up to date poster knows that is true.



Who are you to believe? The once a month ignorantly arrogant posting Realtroll? Or... the IHBer/rental owner, who has been right about housing, China getting whacked, and the dollar going up? I think any active member here will know who to trust.</blockquote>


Smart money is with crackercakes every time!
 
It must come as a shock to realtors who come to our board that we don't believe them. For years, they could peddle any amount of ridiculous BS and people would buy it because prices were going up. Throw up a smokescreen with a few somewhat plausible arguments, add a dose of fear and uncertainty, and wait for the natural fear and greed of prospective buyers to stew for a while, and reel them in. Of course, this strategy requires confirming evidence from market price movement. Since all evidence is that prices are falling and will continue to do so, the normal sales tactics do not work. Wait until we have our first bear rally before the bottom. That will be the test.
 
[quote author="IrvineRenter" date=1225058271]It must come as a shock to realtors who come to our board that we don't believe them. For years, they could peddle any amount of ridiculous BS and people would buy it because prices were going up. Throw up a smokescreen with a few somewhat plausible arguments, add a dose of fear and uncertainty, and wait for the natural fear and greed of prospective buyers to stew for a while, and reel them in. Of course, this strategy requires confirming evidence from market price movement. Since all evidence is that prices are falling and will continue to do so, the normal sales tactics do not work. Wait until we have our first bear rally before the bottom. That will be the test.</blockquote>


Do you think re will have a general bear market rally? I tend to think that rather bear market rallys, re has locations which defy the general market or just hold. Look at Irvine. Prices may have come down a bit, but nothing like Riverside. I think the fear which drives a bear market rally in stocks, the fear of missing out on the next bull market, is the same fear which causes some folks to buy now because "prices are not falling in the neighborhood I am looking at." And just like a bear market rally, the result will be painful.
 
[quote author="awgee" date=1225059107][quote author="IrvineRenter" date=1225058271]It must come as a shock to realtors who come to our board that we don't believe them. For years, they could peddle any amount of ridiculous BS and people would buy it because prices were going up. Throw up a smokescreen with a few somewhat plausible arguments, add a dose of fear and uncertainty, and wait for the natural fear and greed of prospective buyers to stew for a while, and reel them in. Of course, this strategy requires confirming evidence from market price movement. Since all evidence is that prices are falling and will continue to do so, the normal sales tactics do not work. Wait until we have our first bear rally before the bottom. That will be the test.</blockquote>


Do you think re will have a general bear market rally? I tend to think that rather bear market rallys, re has locations which defy the general market or just hold. Look at Irvine. Prices may have come down a bit, but nothing like Riverside. I think the fear which drives a bear market rally in stocks, the fear of missing out on the next bull market, is the same fear which causes some folks to buy now because "prices are not falling in the neighborhood I am looking at." And just like a bear market rally, the result will be painful.</blockquote>


I think the same dynamics that cause bear market rallies are exactly what is preventing Irvine's prices from dropping right now. You can see the fear in the comments on the blog and on this board. Any hint of upward movement, and some of these people would buy out of fear. They are fortunate that there has been no upward movement because I believe we would have lost a few to a bear rally.



I still think we will have another leg down this winter, and that may set us up for a brief bear rally next spring. Two or three months of month-over-month increases will cause some of the more fearful to buy.
 
[quote author="Informed_Decisions" date=1224919470]<snip>

12% to 18% Annual Rate of Return, download a sample investment analysis and cash flow projection

<snip></blockquote>


My, that looks like investment advice.



Time for Realtors to be subjected to SEC style regulations.
 
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