Thu 16 Nov 2006
Southern California Home Buyers are being Duped
Posted by Bob Crain under Business & Economy , Mortgage & Loans , Real Estate , Relocation , San DiegoNo Comments
November 16, 2006
San Diego,CA—-Southern California Home Buyers are being DUPED by those same knuckle heads in the media who showed the consumers how to “Get Rich Quick” through Day Trading. This Day Trader mentality will price many home buyers totally out of the Southern California Market unless they take advantage of this Current Buyers Market! A quick look at San Diego Home Values will show you what I am talking about… A total of 35 Zip codes in San Diego County INCREASED in Value over the last 12 months.
All any Potential Home buyer really needs to look at if they are planning on buying a home is will they be living in that area for at least 5 years and if they can afford the payment. Long term Rent will increase, Home Prices Will Increase, and interest rates Can’t stay at 40 year lows forever. So, if a potential home owner is like 80% of the Southern California Population, they will live here for the rest of their lifes. Does ANYONE really believe that prices will go down long term?
We are currently in a Buyers Market!
Yes, Virginia we are in a Buyers Market and there are a lot of Great Deals out there! Market conditions are ripe to continue expanding says local Real Estate pro, Bob Crain. Last month was the slowest October for Southern California home sales in a decade and most Real estate experts are scratching their heads. Prices continue to remain stable and interest rates are close to 40 year lows. PLUS we have a 6 year low in unemployment rates in Southern California AND a 5 year low in unemployment rates for both the nation and the rest of California. (more…)







For those still not familiar with