IHB Forum As An Economic Indicator - Address Threads

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tkaratz_IHB

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How do we know that the market for the first time homebuyer has bottomed (aside from all the lurking realtors private messaging eligible home buyers)? Majority of the new topics are entitled with an address and are started by a new user who's looking to buy.



My advice to them, find a realtor that's been working for the past two years as opposed to spending that time posting on a blog forum.
 
[quote author="tkaratz" date=1252503334]How do we know that the market for the first time homebuyer has bottomed (aside from all the lurking realtors private messaging eligible home buyers)? Majority of the new topics are entitled with an address and are started by a new user who's looking to buy.



My advice to them, find a realtor that's been working for the past two years as opposed to spending that time posting on a blog forum.</blockquote>


Ummm... bitter much. FYI: If you check the MLS, the Realturds who have been lurking here (receiving PMs, not sending them) have had a very nice steady stream of business. Some of that business is thanks to IHB, and when I say some... it means just a very small portion of their business. They have earned our respect, and proven to be knowledgeable beyond our expectations. That is why they are still here, and still earning business. What Realturds are you speaking of? Because some have provided a much needed and desired content to the forums, what have you provided again? Are you jealous, are you hurting for business?
 
[quote author="tkaratz" date=1252503334]How do we know that the market for the first time homebuyer has bottomed (aside from all the lurking realtors private messaging eligible home buyers)? Majority of the new topics are entitled with an address and are started by a new user who's looking to buy.



My advice to them, find a realtor that's been working for the past two years as opposed to spending that time posting on a blog forum.</blockquote>
How about find a realtor who is knowledgable, can communicate properly, isn't pushy, and has the ability to have a good working relationship that their clients (the clients will be comfortable working with this realtor)?
 
I would take it as a sign that the realtors outside this forum are turning up the volume on their bottom calling bullshit, and potential buyers are coming in here looking for more information. Perhaps we will save a few more from the destruction that is coming.
 
He is right about all the specific house-hunting threads. There's also quite a bit of "I put in an offer on that place" and "I went to see that place" in the comments.
 
One idea would be that most realtor are biased and this forum isn't (or shouldn't!). After all, it's open to the public so you are more likely to hear both sides of the story and make your own opinion.
 
[quote author="Roo" date=1252548577]One idea would be that most realtor are biased and this forum isn't (or shouldn't!). After all, it's open to the public so you are more likely to hear both sides of the story and make your own opinion.</blockquote>
The forum provides for a good balance and diluting the kool-aid being served by most realtors out there. People can feel comfortable that most folks on here will give an unbiased and well thought out opinion/answer to a newbie's question.
 
Good lord, does the self-delusion (and cross-complimenting) ever end? Face it, people are looking, making offers and buying. And more than at any other time in the past three years, I might add.
 
[quote author="NewportSkipper" date=1252551486]Good lord, does the self-delusion (and cross-complimenting) ever end? Face it, people are looking, making offers and buying. And more than at any other time in the past three years, I might add.</blockquote>


TARP Bankers: Thanks for providing a good laugh for guys in the trading room here after lunch.....we need guys like you to help pumping up the stock and real estate market before we dump all on you, again and again and again.
 
[quote author="tkaratz" date=1252503334]How do we know that the market for the first time homebuyer has bottomed (aside from all the lurking realtors private messaging eligible home buyers)? Majority of the new topics are entitled with an address and are started by a new user who's looking to buy.



</blockquote>


That is reaching. How tortured must one's logic be to dream this up?



How about, "A sure indicator of the bottom is that the majority of realtors will be saying it is the bottom?" :P
 
[quote author="BondTrader" date=1252551898][quote author="NewportSkipper" date=1252551486]Good lord, does the self-delusion (and cross-complimenting) ever end? Face it, people are looking, making offers and buying. And more than at any other time in the past three years, I might add.</blockquote>


TARP Bankers: Thanks for providing a good laugh for guys in the trading room here after lunch.....we need guys like you to help pumping up the stock and real estate market before we dumped all on you, again and again and again.</blockquote>


Irvine house prices sure look like they've bottomed. Look at a dollar/sq ft graph at any website such as Redfin. Now, it might be a temporary, false bottom, and just because prices have bottomed doesn't mean they are going back up any time soon. But prices in Irvine have been basically flat for about a full year now.
 
[quote author="Geotpf" date=1252554436][quote author="BondTrader" date=1252551898][quote author="NewportSkipper" date=1252551486]Good lord, does the self-delusion (and cross-complimenting) ever end? Face it, people are looking, making offers and buying. And more than at any other time in the past three years, I might add.</blockquote>


TARP Bankers: Thanks for providing a good laugh for guys in the trading room here after lunch.....we need guys like you to help pumping up the stock and real estate market before we dumped all on you, again and again and again.</blockquote>


Irvine house prices sure look like they've bottomed. Look at a dollar/sq ft graph at any website such as Redfin. Now, it might be a temporary, false bottom, and just because prices have bottomed doesn't mean they are going back up any time soon. But prices in Irvine have been basically flat for about a full year now.</blockquote>


That is completely false. There are some areas in Irvine in which the prices have flattened. There are other areas such as Shady Canyon and Turtle Ridge in which the prices are collapsing.
 
[quote author="awgee" date=1252554821][quote author="Geotpf" date=1252554436][quote author="BondTrader" date=1252551898][quote author="NewportSkipper" date=1252551486]Good lord, does the self-delusion (and cross-complimenting) ever end? Face it, people are looking, making offers and buying. And more than at any other time in the past three years, I might add.</blockquote>


TARP Bankers: Thanks for providing a good laugh for guys in the trading room here after lunch.....we need guys like you to help pumping up the stock and real estate market before we dumped all on you, again and again and again.</blockquote>


Irvine house prices sure look like they've bottomed. Look at a dollar/sq ft graph at any website such as Redfin. Now, it might be a temporary, false bottom, and just because prices have bottomed doesn't mean they are going back up any time soon. But prices in Irvine have been basically flat for about a full year now.</blockquote>


That is completely false. There are some areas in Irvine in which the prices have flattened. There are other areas such as Shady Canyon and Turtle Ridge in which the prices are collapsing.</blockquote>


It's obviously not "completely false" when you pick 2 villages out of how many? At the same time, there are homes closing in both of those spots that are not what I would call collapsing.
 
Turtle Ridge and Shady Canyon 2009 closings:



5 SHADE TREE? $1,050,000?

24 Shady Ln? $1,090,000?

25 Arcade? $1,099,999?

23 Valley Ter? $1,100,000?

52 Crimson Rose? $1,125,000?

20 Rose Trellis? $1,200,000?

46 Crimson Rose? $1,230,000?

26 Trumpet Vine? $1,250,000?

11 Shade Tree? $1,250,000?

53 SWEET BAY? $1,250,000?

23 Valley Terrace? $1,299,000?

33 Tall Hedge? $1,299,900?

29 Arcade? $1,340,000?

37 CRIMSON ROSE? $1,379,824?

26 Shady Ln? $1,380,000?

58 Shade Tree? $1,398,000?

21 Summer House? $1,400,000?

22 Trumpet Vine? $1,488,888?

20 Shady Ln? $1,490,000?

50 Sweet Bay? $1,499,000?

26 Rose Trellis? $1,499,900?

22 Trumpet Vine? $1,530,000?

26 Shady Ln? $1,549,000?

24 Milrose? $1,575,000?

56 Shady Ln? $1,595,000?

25 Hedgerow? $1,599,000?

58 Cezanne? $1,600,000?

29 Sylvan? $1,600,000?

32 Shady Ln? $1,645,000?

29 Summer House? $1,650,000?

35 Hidden Trl? $1,693,900?

38 Woodcrest? $1,695,000?

53 Hidden Trl? $1,700,000?

28 View Ter? $1,700,000?

31 Hidden Trail? $1,730,000?

52 Cezanne? $1,750,000?

30 Canyon Terrace? $1,750,000?

41 Hidden Trl? $1,750,000?

24 HIGHPOINT? $1,780,000?

56 Summerhouse? $1,840,000?

20 Wildland? $1,898,000?

34 Blue Summit ? $1,949,000?

26 Highpoint? $1,977,500?

27 SHADY Ln? $1,990,000?

26 Canyon Ter? $1,995,000?

29 Garden Terrace? $1,999,000?

66 Summer House? $1,999,000?

61 Summer House? $2,045,000?

35 Crimson Rose? $2,050,000?

34 Cezanne? $2,050,000?

33 Hedgerow? $2,095,000?

27 Shady Ln? $2,100,000?

33 Hedgerow? $2,185,000?

35 Crimson Rose? $2,195,000?

27 Summer House? $2,195,000?

66 Summer House Cor? $2,198,000?

34 Cezanne? $2,200,000?

51 Cezanne? $2,295,000?

20 Cezanne? $2,375,000?

21 Woodcrest? $2,445,000?

31 Canyon Ter? $2,450,000?

35 Canyon Ter? $2,490,000?

31 Starview? $2,495,000?

33 Ridgeview? $2,525,000?

29 Canyon Ter? $2,590,000?

28 WOODS Trl? $2,688,000?

26 Crest Terrace? $2,700,000?

28 Blue Summit? $2,860,000?

33 Ridgeview? $3,000,000?

27 Starview? $3,149,000?

23 STARVIEW? $3,350,000?

59 Grandview? $3,590,000?

27 STARVIEW? $3,699,000?

25 Cobalt Sky? $3,999,500?

25 Ridgeview? $4,199,000?

21 Ridgeview? $5,400,000?
 
[quote author="NewportSkipper" date=1252555020][quote author="awgee" date=1252554821][quote author="Geotpf" date=1252554436][quote author="BondTrader" date=1252551898][quote author="NewportSkipper" date=1252551486]Good lord, does the self-delusion (and cross-complimenting) ever end? Face it, people are looking, making offers and buying. And more than at any other time in the past three years, I might add.</blockquote>


TARP Bankers: Thanks for providing a good laugh for guys in the trading room here after lunch.....we need guys like you to help pumping up the stock and real estate market before we dumped all on you, again and again and again.</blockquote>


Irvine house prices sure look like they've bottomed. Look at a dollar/sq ft graph at any website such as Redfin. Now, it might be a temporary, false bottom, and just because prices have bottomed doesn't mean they are going back up any time soon. But prices in Irvine have been basically flat for about a full year now.</blockquote>


That is completely false. There are some areas in Irvine in which the prices have flattened. There are other areas such as Shady Canyon and Turtle Ridge in which the prices are collapsing.</blockquote>


It's obviously not "completely false" when you pick 2 villages out of how many? At the same time, there are homes closing in both of those spots that are not what I would call collapsing.</blockquote>


"Closing"? As in deed recorded ar as in trying to find financing?
 
[quote author="NewportSkipper" date=1252555283]Turtle Ridge and Shady Canyon 2009 closings:



*wall'o'text*



?</blockquote>


Site? Source? Link?
 
[quote author="Nude" date=1252555371][quote author="NewportSkipper" date=1252555283]Turtle Ridge and Shady Canyon 2009 closings:



*wall'o'text*



?</blockquote>


Site? Source? Link?</blockquote>


Carry your own water.
 
[quote author="NewportSkipper" date=1252555020][quote author="awgee" date=1252554821][quote author="Geotpf" date=1252554436][quote author="BondTrader" date=1252551898][quote author="NewportSkipper" date=1252551486]Good lord, does the self-delusion (and cross-complimenting) ever end? Face it, people are looking, making offers and buying. And more than at any other time in the past three years, I might add.</blockquote>


TARP Bankers: Thanks for providing a good laugh for guys in the trading room here after lunch.....we need guys like you to help pumping up the stock and real estate market before we dumped all on you, again and again and again.</blockquote>


Irvine house prices sure look like they've bottomed. Look at a dollar/sq ft graph at any website such as Redfin. Now, it might be a temporary, false bottom, and just because prices have bottomed doesn't mean they are going back up any time soon. But prices in Irvine have been basically flat for about a full year now.</blockquote>


That is completely false. There are some areas in Irvine in which the prices have flattened. There are other areas such as Shady Canyon and Turtle Ridge in which the prices are collapsing.</blockquote>


It's obviously not "completely false" when you pick 2 villages out of how many? At the same time, there are homes closing in both of those spots that are not what I would call collapsing.</blockquote>


Two villages that just happen to be the most expensive in all of Irvine.



Really? Prices aren't collapsing? In August there wasn't a single home in the 92603 that sold above $500 sq ft. Given that 77 of 165 listing in the 92603 are priced above $500 a square ft, with 54 above $600 sq ft., well it certainly appears that one could say the market is collapsing.
 
[quote author="NewportSkipper" date=1252555475]<blockquote>



Site? Source? Link?</blockquote>


Carry your own water.</blockquote>


Hey, I'm just asking you to source your data. It's not an unreasonable request when you are the one throwing out numbers and demanding proof from others.
 
[quote author="NewportSkipper" date=1252555020][quote author="awgee" date=1252554821][quote author="Geotpf" date=1252554436][quote author="BondTrader" date=1252551898][quote author="NewportSkipper" date=1252551486]Good lord, does the self-delusion (and cross-complimenting) ever end? Face it, people are looking, making offers and buying. And more than at any other time in the past three years, I might add.</blockquote>


TARP Bankers: Thanks for providing a good laugh for guys in the trading room here after lunch.....we need guys like you to help pumping up the stock and real estate market before we dumped all on you, again and again and again.</blockquote>


Irvine house prices sure look like they've bottomed. Look at a dollar/sq ft graph at any website such as Redfin. Now, it might be a temporary, false bottom, and just because prices have bottomed doesn't mean they are going back up any time soon. But prices in Irvine have been basically flat for about a full year now.</blockquote>


That is completely false. There are some areas in Irvine in which the prices have flattened. There are other areas such as Shady Canyon and Turtle Ridge in which the prices are collapsing.</blockquote>


It's obviously not "completely false" when you pick 2 villages out of how many? At the same time, there are homes closing in both of those spots that are not what I would call collapsing.</blockquote>




From August 14 Data Quick.



Skippy.

I dont see any plus signs next to those prices buddy.

Maybe your fuzzy math works different than mine.



Irvine 92602 $626,000 -3.8% 33 +43.5%

Irvine 92603 $683,000 -14.4% 21 -44.7%

Irvine 92604 $490,000 -10.9% 18 -21.7%

Irvine 92606 $660,000 -7.0% 13 +8.3%

Irvine 92612 $410,000 -1.9% 33 -5.7%

Irvine 92614 $530,000 -5.4% 19 +18.8%
 
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