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why the phoenix market is imrpoving... simple pics maybe the trolls can get

By robertoaribas   Follow   Wed, 27 Jun 2012, 4:53pm   1,231 views   19 comments
In Tempe AZ 85282   Watch (1)   Share   Quote   Permalink   Like   Dislike  

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1. PockyClipsNow Follow Befriend 19 threads 1,536 comments Los Angeles, CA

   1   5:26pm Wed 27 Jun 2012   Share   Quote   Permalink   Like   Dislike   looks like it reverted to the mean to me. Just over 100 per sq foot should be where it stays. BUT with ever lower int rates - prices could go sky high again with 1.5% mortgage rates (not teaser loans either....mayne with a 5/1 arm or other fixed). We will see under 2% mortgage rates soon, very soon IMO. The fed reserve has figured out they can do ANYTHING and get away with it. So watch for even crazier antics.

2. thomas.wong1986 Follow Befriend 16 threads 4,426 comments

   2   5:39pm Wed 27 Jun 2012   Share   Quote   Permalink   Like (1)   Dislike   PockyClipsNow says Just over 100 per sq foot should be where it stays. Anything above 100 is just stupid!

3. PockyClipsNow Follow Befriend 19 threads 1,536 comments Los Angeles, CA

   3   6:48pm Wed 27 Jun 2012   Share   Quote   Permalink   Like   Dislike   i sold mine in 06 for $400 per sq ft. still its worth about 250-300 even now (a bargain!) its a crappy 3/2 30 years old. anyway.....its got 'good schools'(racist codeword).

4. StoutFiles Follow Befriend (1) 24 threads 557 comments

   4   7:24pm Wed 27 Jun 2012   Share   Quote   Permalink   Like   Dislike   PockyClipsNow says its got 'good schools'(racist codeword). Has nothing to do with race, and everything to do with income levels. If the majority of kids are poor, the schools are labeled bad.

5. marcus Follow Befriend (5) 171 threads 5,211 comments

   5   3:15pm Thu 28 Jun 2012   Share   Quote   Permalink   Like   Dislike   Old support becomes new resistance.

6. RentingForHalfTheCost Follow Befriend (8) 40 threads 2,062 comments Pleasanton, CA Premium

   6   3:26pm Thu 28 Jun 2012   Share   Quote   Permalink   Like   Dislike   Protected   If you could see the supports around the upward movement, you would see they are made of particle board and the legs are supported by mud. The first hint of rain will be interesting to say the least. When it happens, then all the cheerleaders will busy themselves with something else IMHO. Maybe watch more TV.

7. APOCALYPSEFUCK is Shostakovich Follow Befriend (28) 182 threads 4,604 comments Premium

   7   3:33pm Thu 28 Jun 2012   Share   Quote   Permalink   Like (1)   Dislike   Protected   All indicators point to Cannibal Anarchy. If Roberto has internet when CA comes to Phoenix, his last transmissions will likely be blow by blows of free fire fights in the streets and his estimates of when market indicators will return to normal.

8. clambo Follow Befriend (5) 1,070 comments Santa Cruz, CA

   8   3:34pm Thu 28 Jun 2012   Share   Quote   Permalink   Like   Dislike   So a place on the surface of he sun invaded by illegal aliens a million miles from nowhere is $100K. What's the big deal here? You won't get any capital appreciation from it. And, if you decided to LIVE in it, you have to STAY in it to reverse-mortgage the dump. Why bother? I hear they have nice deals in Mexicali too.

9. robertoaribas Follow Befriend (23) 56 threads 4,081 comments Scottsdale, AZ robertoaribas's website

   9   3:45pm Thu 28 Jun 2012   Share   Quote   Permalink   Like   Dislike   RentingForHalfTheCost says If you could see the supports around the upward movement, you would see they are made of particle board and the legs are supported by mud. The first hint of rain will be interesting to say the least. When it happens, then all the cheerleaders will busy themselves with something else IMHO. Maybe watch more TV. Thank you for that in depth and fact filled analysis. I hope you didn't put your self out too much with the research, and thinking time grappling with all of those meaningful numbers to arrive at that profound conclusion. clambo says So a place on the surface of he sun invaded by illegal aliens a million miles from nowhere is $100K. What's the big deal here? You won't get any capital appreciation from it. And, if you decided to LIVE in it, you have to STAY in it to reverse-mortgage the dump. Why bother? I hear they have nice deals in Mexicali too. price versus rent is what matters. Kind of funny for anyone from cali to mention illegal immigration as a bad thing, but ok...

10. Katy Perry Follow Befriend 8 threads 530 comments Murrieta, CA

    10   3:47pm Thu 28 Jun 2012   Share   Quote   Permalink   Like   Dislike   what happens to the price of housing when interest rates go up in 10-20 yrs?

11. robertoaribas Follow Befriend (23) 56 threads 4,081 comments Scottsdale, AZ robertoaribas's website

    11   3:49pm Thu 28 Jun 2012   Share   Quote   Permalink   Like   Dislike   Katy Perry says what happens to the price of housing when interest rates go up in 10-20 yrs? I don't care! the only thing that matters to me is RENT! (and I don't mean the musical, though I like it too!)

12. RentingForHalfTheCost Follow Befriend (8) 40 threads 2,062 comments Pleasanton, CA Premium

    12   3:52pm Thu 28 Jun 2012   Share   Quote   Permalink   Like   Dislike   Protected   robertoaribas says Thank you for that in depth and fact filled analysis. I hope you didn't put your self out too much with the research, and thinking time grappling with all of those meaningful numbers to arrive at that profound conclusion. Your more than welcome. Don't say you haven't been warned when you are forced to chew your own arm off for food because of your cash flow problem. Houses are for shelter. They do a great job in keeping out the elements and rodents. Venture outside that purpose and anything can happen.

13. robertoaribas Follow Befriend (23) 56 threads 4,081 comments Scottsdale, AZ robertoaribas's website

    13   3:58pm Thu 28 Jun 2012   Share   Quote   Permalink   Like   Dislike   RentingForHalfTheCost says Don't say you haven't been warned when you are forced to chew your own arm off for food because of your cash flow problem. I certainly appreciate the advice, but actually I am a vegan. I eat fruits, vegetables, beans and whole grains only... No meat, no dairy, no eggs, no sugar, flour, or processed food of any sort! I have to keep my mind clear, and live a long long time to enjoy all of my money!

14. patjohn97123 Follow Befriend 12 comments Hillsboro, OR

    14   3:58pm Thu 28 Jun 2012   Share   Quote   Permalink   Like   Dislike   An average is not the correct way to look at the data. The average is not a good indicator of the whole market. You want to use the median price. http://www.deptofnumbers.com/asking-prices/arizona/phoenix/ The average price chart at the start of this thread shows a bottom in March '09 (which clearly didn't occur) and then a 2nd bottom in Sept of last year. When you look at the median data you see the current bottom starts in Jan '11 and coincides with the number of available homes decreasing on the chart below it. (which makes sense given supply and demand) That's my 2 cents on that subject. One other thought. When interest rates eventually increase, won't that mean we'll have yet another housing bottom because most people buy a house based on the monthly payment and not the amount?

15. robertoaribas Follow Befriend (23) 56 threads 4,081 comments Scottsdale, AZ robertoaribas's website

    15   4:00pm Thu 28 Jun 2012   Share   Quote   Permalink   Like   Dislike   patjohn97123 says An average is not the correct way to look at the data. The average is not a good indicator of the whole market. that isn't a graph of average price. it is average price per square foot. Also, I use median, I use my own data on the zips i invest in, I use median price of all homes listed in zips I am interested in to see changes in asking prices, amounts of supply, on and on.

16. tatupu70 Follow Befriend (3) 15 threads 5,718 comments

    16   4:06pm Thu 28 Jun 2012   Share   Quote   Permalink   Like   Dislike   patjohn97123 says One other thought. When interest rates eventually increase, won't that mean we'll have yet another housing bottom because most people buy a house based on the monthly payment and not the amount? Historically, that's not what has happened.

17. RentingForHalfTheCost Follow Befriend (8) 40 threads 2,062 comments Pleasanton, CA Premium

    17   4:07pm Thu 28 Jun 2012   Share   Quote   Permalink   Like   Dislike   Protected   robertoaribas says RentingForHalfTheCost says Don't say you haven't been warned when you are forced to chew your own arm off for food because of your cash flow problem. I certainly appreciate the advice, but actually I am a vegan. I eat fruits, vegetables, beans and whole grains only... No meat, no dairy, no eggs, no sugar, flour, or processed food of any sort! I have to keep my mind clear, and live a long long time to enjoy all of my money! You'll have to live long to get to the end of the 30 year mortgages you own. ;) I eat what I feel like, and pay only in cash. I'd rather live debt free and die before I become a burden.

18. HEY YOU Follow Befriend (4) 352 threads 965 comments

    18   4:39pm Thu 28 Jun 2012   Share   Quote   Permalink   Like   Dislike   RentingForHalfTheCost, There are many who don't understand: debt free.

19. robertoaribas Follow Befriend (23) 56 threads 4,081 comments Scottsdale, AZ robertoaribas's website

    19   4:45pm Thu 28 Jun 2012   Share   Quote   Permalink   Like   Dislike   HEY YOU says There are many who don't understand: debt free. Yes. Just like there are many who don't understand borrowing money at 4.5%, and buying properties that pay 12% rent...