For the Real Estate Drop in sales and price Naysayers HOLD ONTO YOUR HATS

[Raffit78]

Reminds me of the old owners of 2a zones house

I'm not sure which owners you met, but Jamie and Sandra's house in the gated community was baller lol. I think close to 6k sq ft 2 story, amazing curb appeal. They sold that and moved to Glendora if that's the same owners we are talking about. Really nice family.

 

[BHC Vic]

I'm not sure which owners you met, but Jamie and Sandra's house in the gated community was baller lol. I think close to 6k sq ft 2 story, amazing curb appeal. They sold that and moved to Glendora if that's the same owners we are talking about. Really nice family.

Yup that’s who, that whole area always reminds me of. I went to school with Jamie’s sister.

 

[Done-it-again]

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This property had an open house this past weekend, took a client of mine that was interested. There was a 20 minute line to get in. So far they have received multiple offers and are all over asking.

The wife liked that house and if we weren't set on moving our of state we would be have been waiting in line...

 

[Done-it-again]

Yup that’s who, that whole area always reminds me of. I went to school with Jamie’s sister.

Not the same area....

 

[Raffit78]

The wife liked that house and if we weren't set on moving our of state we would be have been waiting in line...

The RV parking had thicker cement so it can withhold his pusher, 30/50 amp hookups, a dump, it was definitely dialed in

 

[JL95]

Looking at that ad for that house I couldn’t help but think the lady of that house probably puts out lmao. Had everything dialed in. Very nice

 

[Done-it-again]

The RV parking had thicker cement so it can withhold his pusher, 30/50 amp hookups, a dump, it was definitely dialed in

It covers a lot of bases for sure. Did your customers put in an offer?

 

[Raffit78]

It covers a lot of bases for sure. Did your customers put in an offer?

Husband loved it, wife didn't, it's been hard "downsizing" for her, especially when you are going from a 7,000 sq ft home to a 3,000 sq ft. So it's been a challenge to get her to adjust. Plus it's Day Creek and it's a wind tunnel. She's trying to get a little closer west away from the wind. On Saturday it was solid 15-20 mph winds.

 

[shintoooo]

Husband loved it, wife didn't, it's been hard "downsizing" for her, especially when you are going from a 7,000 sq ft home to a 3,000 sq ft. So it's been a challenge to get her to adjust. Plus it's Day Creek and it's a wind tunnel. She's trying to get a little closer west away from the wind. On Saturday it was solid 15-20 mph winds.

Jesus, I think our 2200 sq ft house will be too big when the kids move out in a couple years.

 

[Raffit78]

Jesus, I think our 2200 sq ft house will be too big when the kids move out in a couple years.

I agree!

 

[Done-it-again]

Husband loved it, wife didn't, it's been hard "downsizing" for her, especially when you are going from a 7,000 sq ft home to a 3,000 sq ft. So it's been a challenge to get her to adjust. Plus it's Day Creek and it's a wind tunnel. She's trying to get a little closer west away from the wind. On Saturday it was solid 15-20 mph winds.

Think that’s typical as my mother has the same issue and being older doesn’t help.

 

[Orange Juice]

Jesus, I think our 2200 sq ft house will be too big when the kids move out in a couple years.

Kids don’t move out now a days. 🥹

 

[shintoooo]

Kids don’t move out now a days. 🥹

We have one already married and gone and the other two can stay as long as they need but they are very independent and want to go off on their own soon. I’m not rushing them lol.

 

[regor]

Powell Vows To Cut Rates With Stocks, Home Prices, Rents And Food At All Time Highs​

What can possibly go wrong?

FRI AUG 23, AT 9:24 AM

 

[bonesfab]

The government. One of the only places you can not only not get fired for not having a clue how to do your job, but actually get promoted to fuck things up on an even grander scale. This shit storm is only starting folks.

 

[BHC Vic]

The government. One of the only places you can not only not get fired for not having a clue how to do your job, but actually get promoted to fuck things up on an even grander scale. This shit storm is only starting folks.

It’s the same in the union.

 

[EmpirE231]

It’s the same in the union.

AKA "government"

without government protection, unions wouldn't exist today

lets go sub 3% 30YR fixed rates. Maybe I'll cash out and do some crazy shit lol... mortgage payment would prob still be around 2K / month

 

[Havasu blue label]

AKA "government"

without government protection, unions wouldn't exist today

lets go sub 3% 30YR fixed rates. Maybe I'll cash out and do some crazy shit lol... mortgage payment would prob still be around 2K / month

I really think those rates are coming

 

[EmpirE231]

I really think those rates are coming

could happen, once the true signs of the economy come to light... it will be a race to the bottom with "economic policy" aka "rates"

 

[regor]

The government. One of the only places you can not only not get fired for not having a clue how to do your job, but actually get promoted to fuck things up on an even grander scale. This shit storm is only starting folks.

 

[bonesfab]

I really think those rates are coming

It's about the only option they have left..

 

[Done-it-again]

I really think those rates are coming

Sub 3%? no way..... Unless you want housing prices to jump again.

 

[regor]

Toxic Homes For Sale: How California's Illegal Marijuana Industry Ruins Houses​

Officials are finding houses riddled with residual nerve agent pesticides from China that aren’t in any U.S. chemical library.

WED AUG 28, AT 5:05 PM

 

[regor]

 

[River Dirt 2]

View attachment 1423337

That’s the last straw, I’m out of this state!
I’ll give 10% discount to a RDP inmate

16401 Calle Feliz, Rancho Santa Fe, 92067

Property 16401 Calle Feliz, Rancho Santa Fe, 92067 has 26 bedrooms, 32 bathrooms with 15000 square feet.

www.therdpteam.com

 

[HNL2LHC]

Toxic Homes For Sale: How California's Illegal Marijuana Industry Ruins Houses​

Officials are finding houses riddled with residual nerve agent pesticides from China that aren’t in any U.S. chemical library.

WED AUG 28, AT 5:05 PM


View attachment 1423336

@SoCalDave be careful with your crops. LOL

 

[JL95]

Lots of price cuts on Zillow listings lately. Seeing email notifications daily

In Murrieta area

 

[Fastech382]

Lots of price cuts on Zillow listings lately. Seeing email notifications daily

"Price cuts" it should say "attempted price corrections"

 

[NicPaus]

Lots of price cuts on Zillow listings lately. Seeing email notifications daily

Location

 

[monkeyswrench]

That’s the last straw, I’m out of this state!
I’ll give 10% discount to a RDP inmate

16401 Calle Feliz, Rancho Santa Fe, 92067

Property 16401 Calle Feliz, Rancho Santa Fe, 92067 has 26 bedrooms, 32 bathrooms with 15000 square feet.

www.therdpteam.com

Couldn't fathom the costs of a place like that. The taxes annually would be more than the cost of my home...
That said, if I had the coin, I'd move back to Cali in a heartbeat. The stables are nicer than my house, and grounds are nicer than any park.

 

[Done-it-again]

Couldn't fathom the costs of a place like that. The taxes annually would be more than the cost of my home...
That said, if I had the coin, I'd move back to Cali in a heartbeat. The stables are nicer than my house, and grounds are nicer than any park.

I'm sure you are 250-300k a year just on ground maintenance.

 

[Angler]

Kids don’t move out now a days. 🥹

All 3 of my Kids have moved out.

 

[Angler]

Jesus, I think our 2200 sq ft house will be too big when the kids move out in a couple years.

My single story 2000 sq ft home got much larger. I love it!

 

[bentprops]

Lots of price cuts on Zillow listings lately. Seeing email notifications daily

In Murrieta area

Price cuts at historical high. The data is getting buried and getting harder to find. This is from may 2024 34% of listings with price cuts. We are curentnly at 37% which is all time high.
34% all listings with price cuts, May 2024

 

[regor]

 

[cofooter]

View attachment 1426988

View attachment 1426989

Will people never learn?????

 

[Havasu blue label]

It will catch up them

 

[Raffit78]

Meanwhile in Brea, 1.25m property… over 12
offers.

 

[Havasu blue label]

View attachment 1427005
Meanwhile in Brea, 1.25m property… over 12
offers.

It’s California most of the homes are at 1 million

 

[Havasu Rehab]

View attachment 1427005
Meanwhile in Brea, 1.25m property… over 12
offers.

Was that the one on Birchcrest? I really liked that one.

 

[Raffit78]

Was that the one on Birchcrest? I really liked that one.

Woodhill 3,000 sq ft

 

[Cdog]

The Market is betting on a rate cut next week. Buyer activity is definitely up in Phoenix already in anticipation.

 

[attitude]

The Market is betting on a rate cut next week. Buyer activity is definitely up in Phoenix already in anticipation.

What are rates at right now? Zillow is saying 5.6-5.8

 

[NicPaus]

View attachment 1427005
Meanwhile in Brea, 1.25m property… over 12
offers.

Meanwhile in Torrance 1.35 for 1500 sq ft. My rough estimate was $150-200k depending on what they want to do to it before moving in. One down the street was just under 1800 sq ft. Remodeled 20 years ago went for 1,630,000.00. Closest Comp.

One across the street we need to Dr up a little. Will be listed by February. Almost 2500 sq ft. Probably be listed for 1.85-2. Per my Realtor. Depends on how much her client wants to spend before listing.

 

[Cdog]

What are rates at right now? Zillow is saying 5.6-5.8

Looks like mid 5’s

 

[attitude]

Looks like mid 5’s

That’s not bad when compared to 8%, the Fed hasn’t even lowered yet.

 

[HNL2LHC]

Looks like mid 5’s

Was talking to a customer that just went into escrow. I did not know that rates have gone down a bit. Not that we are going to buy anything or refi anytime soon. But our son might be looking to refi into a lower rate. Hope that he is able to get into a 4 range rate. Sounds like that could happen sooner than a few months ago. If they stop lying we could be there even sooner.

 

[Havasu Rehab]

Woodhill 3,000 sq ft

That one was nice. The bar/man cave was really cool.

 

[Raffit78]

That one was nice. The bar/man cave was really cool.

I agree!

 

[Cdog]

Well, I told you so. .50% reduction in rate just now.