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Debbolas
03-22-2007, 01:18 PM
What is up with real estate at the river/lake?
Are the prices holding? or declining?

Tequila-John
03-22-2007, 01:39 PM
What is up with real estate at the river/lake?
Are the prices holding? or declining?
I just lowered the price of my condo in Parker to 184,500.00

acatitude
03-22-2007, 01:43 PM
and how much of a drop does that represent???

djunkie
03-22-2007, 01:45 PM
What is up with real estate at the river/lake?
Are the prices holding? or declining?
It looks to be coming down a little Deb. Homes seem to be sitting a lot longer and selling for less. I'd say in the next few months it may drop more but hell what do I know. :D :D

HocusPocus
03-22-2007, 02:07 PM
two of our neighbors in Havi who have had their houses for sale for almost a year each have lowed their prices again but still no offers as of last week. one of them i would be tempted to buy.. that is if i had money. :D
there are lots more around us for sale but those are the only ones for sale that i talk to.

riverfun
03-22-2007, 02:41 PM
SOFT--even water front "on the water" is not selling unless its a great buy.

mikefd024
03-22-2007, 03:05 PM
Probably really soft, there are 1800 houses on the market in havasu alone right now. Considering 25,000 people live there full time that is alot. Definitly a buyers market, just wait until next winter, then it will really be buyers market. To top it off they are still building new houses all over town.

Debbolas
03-22-2007, 05:30 PM
We are thinking of selling our trailer at Lake Mohave:(

Mandelon
03-22-2007, 05:39 PM
Deb, seeing as how that is more of an entry level price, you should be alright.

Ion
03-22-2007, 05:42 PM
Probably really soft, there are 1800 houses on the market in havasu alone right now. Considering 25,000 people live there full time that is alot.
Of the 55k - 60K residents in town, approx. 25% are not full time residents. This comes from a longtime (20+ years) realtor in town.
As of the last 3 weeks, according to zillow.com, my house's value is starting to inch back upward, after a significant 8 month fall. Take that for what it's worth, but according to what I heard on CNN from an alleged real estate pro, the market HAS hit bottom and will begin to rebound as the weather warms up. Furthermore, a local acquaintance sold her house at asking price recently and was on the market less than 90 days.

THATJEFFGUY
03-22-2007, 05:43 PM
We are thinking of selling our trailer at Lake Mohave:(
I may be interested. But are there lots of snakes out there ? If so, I aint about to go near the damn place !

Debbolas
03-22-2007, 05:43 PM
Deb, seeing as how that is more of an entry level price, you should be alright.
It's NOT ok, I'm pissed:mad:

Wheeler
03-22-2007, 05:52 PM
In early 06, a neighbor was offered 419k for his double wide, he held out for the 429k asking price which did not happen, this year it sold for 280k.
The moral of the story, never turn down a profit.
I paid 150k for my house in 03,mid to late 05 or very early 06, I could have sold for near 500k, if I were to sell today, I would expect to get, 350k.
Ps. or less

boatnam2
03-22-2007, 06:01 PM
next winter i think is going to be a good time.

Troy McClure
03-22-2007, 07:05 PM
according to what I heard on CNN from an alleged real estate pro, the market HAS hit bottom and will begin to rebound as the weather warms up. Furthermore, a local acquaintance sold her house at asking price recently and was on the market less than 90 days.
Ha Ha....come on, TRY to support your argument.
The market out there is dropping and will continue throughout this year. That is from THIS Alleged pro and I will sell anything for the asking price as long as I can set it. :devil:

Mandelon
03-22-2007, 07:14 PM
It's NOT ok, I'm pissed:mad:
Its not entry level, or its not holding its value? :confused:

spectra75
03-22-2007, 07:24 PM
Deb,
Where at Lake Mojave is your place? I wouldn't mind finding something at Cottonwood Cove.:cool:

Mandelon
03-22-2007, 07:33 PM
They are at Katherines.

Boatcop
03-22-2007, 07:35 PM
A friends house in the Keys has been listed for $699,000 for over a year. By far the lowest priced home on the canals. He just sold it for lower than that. Won't say by how much.
The problem there is, that nothing's sold in there for a long time, so there weren't any comps. Now THAT sale is the comp for everything else in there.
2 years ago homes there were going for 800-900. Watch those figures to drop to 650-750.

nodigg
03-22-2007, 07:47 PM
A friends house in the Keys has been listed for $699,000 for over a year. By far the lowest priced home on the canals. He just sold it for lower than that. Won't say by how much.
The problem there is, that nothing's sold in there for a long time, so there weren't any comps. Now THAT sale is the comp for everything else in there.
2 years ago homes there were going for 800-900. Watch those figures to drop to 650-750.
Interesting! Keep us posted on the drop in the keys. The wife STILL wants a house there. They just got out of our range too quickly the last couple of years. Havi homes that need to be sold are having to take at LEAST a 20k drop to get offers I think. (unfounded rumor and inuendo)

BEER&WATER
03-22-2007, 07:50 PM
here is the homes in havi in the $182000 / $187000 range
http://www.wardexre.com/war/maildoc/k005t49108.html
http://www.wardexre.com/war/maildoc/h005sw5443.html
http://www.wardexre.com/war/maildoc/l005sH8692.html
http://www.wardexre.com/war/maildoc/o005t07179.html
http://www.wardexre.com/war/maildoc/o005sV6697.html
http://www.wardexre.com/war/maildoc/n005tq9203.html
http://www.wardexre.com/war/maildoc/j005tc4581.html
http://www.wardexre.com/war/maildoc/r005t38457.html
http://www.wardexre.com/war/maildoc/q005sU4724.html
http://www.wardexre.com/war/maildoc/i005ts2914.html
http://www.wardexre.com/war/maildoc/t005tX9460.html
http://www.wardexre.com/war/maildoc/p005sk4305.html
http://www.wardexre.com/war/maildoc/m005st4183.html
http://www.wardexre.com/war/maildoc/i005sw2382.html
http://www.wardexre.com/war/maildoc/l005sQ1633.html
http://www.wardexre.com/war/maildoc/e005tT4768.html
http://www.wardexre.com/war/maildoc/p005ti1804.html

Debbolas
03-23-2007, 06:15 AM
Its not entry level, or its not holding its value? :confused:
that we have to sell it:(
It's just a single wide trailer at Katherines.....but I liked it .....It's not very expensive at all.

Tequila-John
03-23-2007, 06:17 AM
and how much of a drop does that represent???
a 15k drop in price.

Ion
03-23-2007, 07:53 AM
Ha Ha....come on, TRY to support your argument.
The market out there is dropping and will continue throughout this year. That is from THIS Alleged pro and I will sell anything for the asking price as long as I can set it. :devil:
Hey man, I'm just the messenger. And Troy, alleged PRO, read this, because it pertains to YOUR industry, in case you weren't aware: http://news.yahoo.com/s/nm/20070323/bs_nm/usa_economy_existinghomes_dc_2
From the article: "The rise in existing home sales in February marked the third straight increase, the first time sales have risen three months in a row since the period ended in June 2004." So maybe we have hit bottom and things are getting better...
Maybe its an anomale in the grande scheme of things, but it is, nonetheless, indisputable FACT. So no Troy McClure, the sky is not currently falling. Can I provide anymore support for you? How 'bout a graph of my town's avg. home values as well as AZ and the USA?
Care to admit you're wrong?

HocusPocus
03-23-2007, 08:10 AM
By region of the country, sales were up 14.2 percent in the Northeast, a gain that was attributed in part to warmer-than-normal weather this winter, which spurred sales.
Sales of existing homes were up 3.9 percent in the Midwest and 1.6 percent in the South, while sales were unchanged in the West. Lereah said the reluctance of sellers in the West to trim prices was holding back a rebound in that region.
not much going on in the west coast.. no matter how you look at it.

SHOTKALLIN
03-23-2007, 12:20 PM
last I heard Mohave Valley was selling well. Anyone know?

Rvr Swpr
03-23-2007, 01:40 PM
For what we want it has been a choice of the Islander or Vista del Lago. Tomorrow we sign papers at Del lago,First time in my life i'm a little unsure about real estate. I think what happens in Ca. has alot to do with havasu.

dumbandyoung
03-23-2007, 01:42 PM
last I heard Mohave Valley was selling well. Anyone know?
I dont think so..Ive got a place in willow and the same houses that were for sale last summer are still for sale and more... but what the hell do i know.. i dont work out there.:D maybe other areas are moving.:confused:

SHOTKALLIN
03-23-2007, 02:25 PM
For what we want it has been a choice of the Islander or Vista del Lago. Tomorrow we sign papers at Del lago,First time in my life i'm a little unsure about real estate. I think what happens in Ca. has alot to do with havasu.
Vista del lago....high rent for life. I will never get that concept unless you are loaded and have money to burn.:confused:

Rvr Swpr
03-23-2007, 02:34 PM
Vista del lago....high rent for life. I will never get that concept unless you are loaded and have money to burn.:confused:
Depends on what time in life your at.20 years ago i would say the same.Also,this is Vista Del Lago across the lake at Havasu Landing.

Waist Deep
03-23-2007, 02:43 PM
I'm tired of these R.E. threads. They're all the same. It is what it is. If you want a house and can afford it, go buy it. If not, just keep it to yourself until the time is right.
How about the cost for a boat storage condo in Yucca Valley? Are they going up in value? Last I heard, they were not.

Rvr Swpr
03-23-2007, 02:48 PM
Sorry to bother you daytona,that's why alot of people just lurk here,wtf

Waist Deep
03-23-2007, 02:49 PM
No reason to get upset. Just trying to finger it out.

cc322
03-23-2007, 03:07 PM
I think what happens in Ca. has alot to do with havasu.
What happens in Cali has alot to do with what happens everywhere else.

Debbolas
03-23-2007, 04:08 PM
I'm tired of these R.E. threads. They're all the same. It is what it is. If you want a house and can afford it, go buy it. If not, just keep it to yourself until the time is right.
How about the cost for a boat storage condo in Yucca Valley? Are they going up in value? Last I heard, they were not.
Sorry, just trying to sell my POS trailer:rolleyes:
What can we talk about?
;)

Waist Deep
03-23-2007, 04:23 PM
We can talk about your trailer since youre selling it.
Good Luck

Debbolas
03-23-2007, 04:25 PM
We can talk about your trailer since youre selling it.
Good Luck
;)

Waist Deep
03-23-2007, 04:36 PM
I was really just trying to kick up some dirt to give your trailer some attention.

Debbolas
03-23-2007, 04:47 PM
I was really just trying to kick up some dirt to give your trailer some attention.
It doesn't need any attention :D
(so, do you have any tattoos?)
Deb<------doesn't want to sell her trailer, but is OUTVOTED by her husband:mad: :(

Waist Deep
03-23-2007, 05:22 PM
Uh, can I ask where this is going?
Maybe it's the amount of real estate on the skin left for tattoos?

nodigg
03-23-2007, 06:30 PM
Sorry, just trying to sell my POS trailer:rolleyes:
What can we talk about?
;)
Do you have a link to your sale info?

SHOTKALLIN
03-23-2007, 06:41 PM
Depends on what time in life your at.20 years ago i would say the same.Also,this is Vista Del Lago across the lake at Havasu Landing.
Yeah I got a brosure....thats alot of cash for renting something that will never be yours. For the same price you can have a house in Mohave Valley and own it. Launch at Needles, Moabi, or Topock and still play in Havi.
The damn association is a nice boat payment.

Debbolas
03-23-2007, 07:04 PM
Uh, can I ask where this is going?
Maybe it's the amount of real estate on the skin left for tattoos?
just trying to make polite conversation ;)
Do you have a link to your sale info?
Nope.........I'll PM you with Matts Cell #

hoolign
03-23-2007, 07:45 PM
It doesn't need any attention :D
(so, do you have any tattoos?)
Deb<------doesn't want to sell her trailer, but is OUTVOTED by her husband:mad: :(
Have you tried blowing him? That outta sway his vote a bit??? :idea:

3 daytona`s
03-23-2007, 07:55 PM
I dont think so..Ive got a place in willow and the same houses that were for sale last summer are still for sale and more... but what the hell do i know.. i dont work out there.:D maybe other areas are moving.:confused:
That`s for sure you hired the low bid contractor and ended up with a flood,but whatever:)

lewiville
03-23-2007, 08:30 PM
We are thinking of selling our trailer at Lake Mohave:(
Let me know where it is, and how much $$$$$
your not the couple that bought it from a elderly couple nd they left all of the 1960's stuff in it, even the national geographic magazines

Rvr Swpr
03-23-2007, 09:09 PM
Yeah I got a brosure....thats alot of cash for renting something that will never be yours. For the same price you can have a house in Mohave Valley and own it. Launch at Needles, Moabi, or Topock and still play in Havi.
The damn association is a nice boat payment.
For sure you you have your points. The land is a lease,the house we own.not any different than Parker side of strip or the ca side with BLM which has been good for me for a long time.alot of boats are 150k easy. 125k for a land lease of 20 years is fine with me.10 years from now 1mil in havasu will be cheap.

TOBTEK
03-23-2007, 09:58 PM
Interesting! Keep us posted on the drop in the keys. The wife STILL wants a house there. They just got out of our range too quickly the last couple of years. Havi homes that need to be sold are having to take at LEAST a 20k drop to get offers I think. (unfounded rumor and inuendo)
Andy01 just listed his house in the Keys about a week ago. Nice 3/2 in the 300's....... will be a nice buy for someone. have I ever mentioned that I can help with the financing in Az :D

totenhosen
03-23-2007, 10:03 PM
Of the 55k - 60K residents in town, approx. 25% are not full time residents. This comes from a longtime (20+ years) realtor in town.
As of the last 3 weeks, according to zillow.com, my house's value is starting to inch back upward, after a significant 8 month fall. Take that for what it's worth, but according to what I heard on CNN from an alleged real estate pro, the market HAS hit bottom and will begin to rebound as the weather warms up. Furthermore, a local acquaintance sold her house at asking price recently and was on the market less than 90 days.
I thought prices in havasu will never drop?

4DAY4PLAY
03-24-2007, 01:30 AM
It doesn't need any attention :D
(so, do you have any tattoos?)
Deb<------doesn't want to sell her trailer, but is OUTVOTED by her husband:mad: :(
You know what they say...first the trailer then the boat....sounds like there will be a nice kachina on the market soon.

4DAY4PLAY
03-24-2007, 01:35 AM
For sure you you have your points. The land is a lease,the house we own.not any different than Parker side of strip or the ca side with BLM which has been good for me for a long time.alot of boats are 150k easy. 125k for a land lease of 20 years is fine with me.10 years from now 1mil in havasu will be cheap.
Your crazy...havasu real estate 10 years ago was 100k....within a year there will be many homes on the market in havi for 125-150k again. It hit its peak 2 years ago,(about 300k avg) not even close to 1 mil. It probably will never be over 500k avg due to no jobs out there. Lets face it, at its all time peak, so cal avg home price was 400k about a year ago.

BEER&WATER
03-24-2007, 04:07 AM
Your crazy...havasu real estate 10 years ago was 100k....within a year there will be many homes on the market in havi for 125-150k again. It hit its peak 2 years ago,(about 300k avg) not even close to 1 mil. It probably will never be over 500k avg due to no jobs out there. Lets face it, at its all time peak, so cal avg home price was 400k about a year ago.
your spot on there sparky. most of these guys will be lowering there prices too soon they got cought up in the rush of the market. NOT LOL.
WAKE UP BROTHER YOU CANT BUY A LOT FOR $125K HERE!!!!!!
http://www.wardexre.com/war/maildoc/j005sa3068.html
http://www.wardexre.com/war/maildoc/n005tU5825.html
http://www.wardexre.com/war/maildoc/q005sP8162.html
http://www.wardexre.com/war/maildoc/q005sf2144.html
http://www.wardexre.com/war/maildoc/l005tI9880.html
http://www.wardexre.com/war/maildoc/p005tv9213.html
http://www.wardexre.com/war/maildoc/i005sp3048.html
http://www.wardexre.com/war/maildoc/r005tC5877.html
http://www.wardexre.com/war/maildoc/j000E11838.html
http://www.wardexre.com/war/maildoc/r005t57861.html
http://www.wardexre.com/war/maildoc/o005tG6235.html
http://www.wardexre.com/war/maildoc/s005tH8815.html

framer1
03-24-2007, 06:16 AM
your spot on there sparky. most of these guys will be lowering there prices too soon they got cought up in the rush of the market. NOT LOL.
WAKE UP BROTHER YOU CANT BUY A LOT FOR $125K HERE!!!!!!
http://www.wardexre.com/war/maildoc/j005sa3068.html
http://www.wardexre.com/war/maildoc/n005tU5825.html
http://www.wardexre.com/war/maildoc/q005sP8162.html
http://www.wardexre.com/war/maildoc/q005sf2144.html
http://www.wardexre.com/war/maildoc/l005tI9880.html
http://www.wardexre.com/war/maildoc/p005tv9213.html
http://www.wardexre.com/war/maildoc/i005sp3048.html
http://www.wardexre.com/war/maildoc/r005tC5877.html
http://www.wardexre.com/war/maildoc/j000E11838.html
http://www.wardexre.com/war/maildoc/r005t57861.html
http://www.wardexre.com/war/maildoc/o005tG6235.html
http://www.wardexre.com/war/maildoc/s005tH8815.html
How long do houses in this price range stay on the market, i'm thinking a long time. Seems like alot of money for houses in this size range.

Tequila-John
03-24-2007, 07:04 AM
Andy01 just listed his house in the Keys about a week ago. Nice 3/2 in the 300's....... will be a nice buy for someone. have I ever mentioned that I can help with the financing in Az :D
So can I

nodigg
03-24-2007, 07:12 AM
Andy01 just listed his house in the Keys about a week ago. Nice 3/2 in the 300's....... will be a nice buy for someone. have I ever mentioned that I can help with the financing in Az :D
300k in the keys? Sound a little (LOT) low. But hey Andy, is this for real?
As far as financing goes, my last half dozen deals have gone to Adam Pohl at River Valley Mortgage. Helps to keep in in the family and keep his wife from moving back home.:D

Havasu1986
03-24-2007, 07:21 AM
Your crazy...havasu real estate 10 years ago was 100k....within a year there will be many homes on the market in havi for 125-150k again. It hit its peak 2 years ago,(about 300k avg) not even close to 1 mil. It probably will never be over 500k avg due to no jobs out there. Lets face it, at its all time peak, so cal avg home price was 400k about a year ago.
So you think my buddy who built a 3500 sq ft. house with 3000 sq ft. of garage in the horse property area of Havi and a panaramic view of the whole lake will sell it to me for less then 500K. NOT. There are different levels of homes and incomes in Havi. Many that are retired don't rely on the low income of Havi. I bought there in 86 for 46k new, sold in 2002 for 115k. Bought the home in my avatar for 190k in 2002. Built the Rv garage and landscape in the back yard. I was told by a realtor that its probably worth 325k. But I don'r really care because I will not be selling anytime soon.:)

BEER&WATER
03-24-2007, 07:37 AM
[QUOTE=framer1;2462120]How long do houses in this price range stay on the market, i'm thinking a long time. Seems like alot of money for houses in this size range.[/QUOTE
im sure if they wanted to move that bad they would lower the price BUT
MOST OF THESE DONT HAVE TO SELL most of them are moving UP to bigger homes

BEER&WATER
03-24-2007, 07:40 AM
So you think my buddy who built a 3500 sq ft. house with 3000 sq ft. of garage in the horse property area of Havi and a panaramic view of the whole lake will sell it to me for less then 500K. NOT. There are different levels of homes and incomes in Havi. Many that are retired don't rely on the low income of Havi. I bought there in 86 for 46k new, sold in 2002 for 115k. Bought the home in my avatar for 190k in 2002. Built the Rv garage and landscape in the back yard. I was told by a realtor that its probably worth 325k. But I don'r really care because I will not be selling anytime soon.:)
AMEN this ^^^^^^^^^ is more the norm in havi

Debbolas
03-24-2007, 08:20 AM
Have you tried blowing him? That outta sway his vote a bit??? :idea:
:burningm: What do you think? :hammer2:

Debbolas
03-24-2007, 08:23 AM
Let me know where it is, and how much $$$$$
your not the couple that bought it from a elderly couple nd they left all of the 1960's stuff in it, even the national geographic magazines
It's classic 1960's with the little nuclear symbols on the paneling in the bathroom. Wood paneling throughout. Lovely yellow/brown shag carpeting. I love it! The people before us tried to decorate in southwestern, but the trailer clearly wants to be decorated in 1960's Art Deco :D

Debbolas
03-24-2007, 08:24 AM
You know what they say...first the trailer then the boat....sounds like there will be a nice kachina on the market soon.
NO!!!!!:mad: :burningm:
I will NEVER sign THAT slip :burningm:

hoolign
03-24-2007, 08:43 AM
:burningm: What do you think? :hammer2:
Buttsex?? ...Nothin changes a mans mind faster than havin his wife scream out " put it in my ass now!":confused:
Just tryin to help ya out here Deb :D

4DAY4PLAY
03-24-2007, 09:22 AM
So you think my buddy who built a 3500 sq ft. house with 3000 sq ft. of garage in the horse property area of Havi and a panaramic view of the whole lake will sell it to me for less then 500K. NOT. There are different levels of homes and incomes in Havi. Many that are retired don't rely on the low income of Havi. I bought there in 86 for 46k new, sold in 2002 for 115k. Bought the home in my avatar for 190k in 2002. Built the Rv garage and landscape in the back yard. I was told by a realtor that its probably worth 325k. But I don'r really care because I will not be selling anytime soon.:)
I was merely responding to a comment on an earlier that said have houses will soon be worth 1 mil....of course there are exceptions in every area, like your friends "ranch". The avg house in havi is nowere near that size. People that think there havi house will not drop in value just like homes in cali have and will for the next year or two are CRAZY!!! Wake up people, its all over the news...the mortgage lending industry is going bankrupt as we speak and its cause all of the sub prime loans and adj coming due from a few years ago. Also, those that were around about 10-15 years ago with the last housing bust will understand this...it busted due to massive layoffs in the aerospace industry. We are experiencing similiar conditions with the RE job market and construction workers due to this housing slowdown.

Havasu1986
03-24-2007, 09:34 AM
We are experiencing similiar conditions with the RE job market and construction workers due to this housing slowdown.
I'm not sure what type of construction worker your talking about. Commercial or resisential.:confused: I am a salesman in the fire sprinkler industry and my company is so backed up with work. My engineers and installers have been on O.T. for months. I have already sold 250K in work this month alone and we have 4 more estimators at my company. And we are marking every job up60%.:D

SHOTKALLIN
03-24-2007, 09:55 AM
Buttsex?? ...Nothin changes a mans mind faster than havin his wife scream out " put it in my ass now!":confused:
Just tryin to help ya out here Deb :D
WTF??? LMAO!!! YOU JUST MAKE ME CHOKE ON MY CHEERIOS!:D

SHOTKALLIN
03-24-2007, 10:15 AM
The high end river homes will stay at high end prices. Even if they dip they will still be high end in comparrison to regular homes. Afluent people will always have the time to sit and wait for thier price. Whats the rush? Its paid for.:D

Tequila-John
03-24-2007, 10:16 AM
Yeah bud

Debbolas
03-24-2007, 11:39 AM
Buttsex?? ...Nothin changes a mans mind faster than havin his wife scream out " put it in my ass now!":confused:
Just tryin to help ya out here Deb :D
LMAO!!!:D
Well..................I haven't tried that:jawdrop:

djunkie
03-24-2007, 11:42 AM
300k in the keys? Sound a little (LOT) low. But hey Andy, is this for real?
As far as financing goes, my last half dozen deals have gone to Adam Pohl at River Valley Mortgage. Helps to keep in in the family and keep his wife from moving back home.:D
Its in the Keys but not on the water. So his price should be pretty close to being right on.

Flyinbowtie
03-24-2007, 12:19 PM
I for one appreciate the education this type of thread offers.
Sometiime in the next 18 months or so, we are going to make a run at a place in either LHC or Parker, and the information you folks who are "in the know" provide is priceless.

nodigg
03-24-2007, 12:24 PM
Its in the Keys but not on the water. So his price should be pretty close to being right on.
That makes sense then. I /We would need water front and and a dock to make the move to Parker though.

2Driver
03-24-2007, 01:43 PM
. Bought the home in my avatar for 190k in 2002. Built the Rv garage and landscape in the back yard. I was told by a realtor that its probably worth 325k. But I don'r really care because I will not be selling anytime soon.:)
I would think your pad is worth more than that.

dumbandyoung
03-24-2007, 05:50 PM
That`s for sure you hired the low bid contractor and ended up with a flood,but whatever:)
what are you talking about. I didnt hire them.. state farm did. And the flood was the reason they were there. to fix the damge. and everything worked out fine. know all the facts before you talk.;)

Kachina26
03-24-2007, 06:55 PM
I would think your pad is worth more than that.
According to 4day4play, it's worth half that. :rolleyes:

4DAY4PLAY
03-24-2007, 07:04 PM
I'm not sure what type of construction worker your talking about. Commercial or resisential.:confused: I am a salesman in the fire sprinkler industry and my company is so backed up with work. My engineers and installers have been on O.T. for months. I have already sold 250K in work this month alone and we have 4 more estimators at my company. And we are marking every job up60%.:D
Your in and industry thats always busy....im talking about RE agents, mortgage brokers, appraisers, and CONSTRUCTION WORKERS. Housing developments that used to release 12-15 homes at a time(requiring more workers) are now releasing 3 homes cause of the high supply low demand situation were in. Also, people are not spending as much $$$ on there house right now with upgrades such as pools, remodels, etc due to heloc rates going up, and loss of equity in many homes.

Havasu1986
03-24-2007, 07:05 PM
According to 4day4play, it's worth half that. :rolleyes:
4Day4play=Theskyisfalling.com :D

Kachina26
03-24-2007, 07:08 PM
4Day4play=Theskyisfalling.com :D
roger, packset out.

Havasu1986
03-24-2007, 07:15 PM
roger, packset out.
I will be at the mail box waiting for that info. NOT. I have 8 years until I can retire with full bennies. Why do I care what the market is doing now.:confused: 4day4play needs to look at the big picture.:)

lewiville
03-24-2007, 08:55 PM
It's classic 1960's with the little nuclear symbols on the paneling in the bathroom. Wood paneling throughout. Lovely yellow/brown shag carpeting. I love it! The people before us tried to decorate in southwestern, but the trailer clearly wants to be decorated in 1960's Art Deco :D
Do you remember about 7 years ago helping a guy in the afternoon with his boat at Kathrine's marina? It was me and you guys helped me out and then you invited me to you place and had margaritas all night. I remember your place because it was really cool and nostalgic. At least It sounds like you guys.

Kachina26
03-24-2007, 09:01 PM
Do you remember about 7 years ago helping a guy in the afternoon with his boat at Kathrine's marina? It was me and you guys helped me out and then you invited me to you place and had margaritas all night. I remember your place because it was really cool and nostalgic. At least It sounds like you guys.
They didn't have the place back then. Musta been the previous owners.

lewiville
03-24-2007, 09:08 PM
They didn't have the place back then. Musta been the previous owners.
Im sure it was someone? not sure who it was. Just a realy cool couple that saved me. We even drank out of cups that were there from 1960 something.

bigq
03-24-2007, 10:55 PM
.
WAKE UP BROTHER YOU CANT BUY A LOT FOR $125K HERE!!!!!!
Thats not so true. I can see 85 R1 lots for sale under 125k.
Here is one for 89k with a small lake view even:
http://wardexre.com/war/maildoc/d005sd4451.html (http://wardexre.com/war/maildoc/d005sd4451.html)

Debbolas
03-25-2007, 07:30 AM
Do you remember about 7 years ago helping a guy in the afternoon with his boat at Kathrine's marina? It was me and you guys helped me out and then you invited me to you place and had margaritas all night. I remember your place because it was really cool and nostalgic. At least It sounds like you guys.
We didn't own the place 7 years ago. All the dishes and glasses inside are (pretty much) from 1960. I think it's kinda cool.
Sounds like a nice couple:D

SHOTKALLIN
03-25-2007, 09:44 AM
Deb you got the Melmac goin on? Is it advocado green?:D

Debbolas
03-25-2007, 11:11 AM
Deb you got the Melmac goin on? Is it advocado green?:D
Nooooo....:D White exterior, with lovely yellow, brown and gold LONG shag carpeting (the kind you use to have to rake;)) Wood paneling, heavy curtains to keep out the insane light out there in the desert. The tiniest little brown electric oven you've ever seen in your life (so cute) A "Dishmaster" attachment to the faucet the "newest" in dishwashing science (back in the 60's) We have coffee cups from the "Sands" hotel :D Pink toliet and sink and tub. The bathroom is paneled with nuclear symbols on the surfaces that get wet. The oldest carpet known to man is in the bathroom (when they first came up with carpeting and it's looks like an indoor/outdoor, sorta) and the guest room. The guest room is wood paneled with twin beds (how cute) The master bedroom has lots of closet space and a full bed :D
I just love it and hate to sell it, but what am I going to do :(
It's so cool, we store the boat out there. So we drive out, pick up the boat, go to the market and go to the trailer. Wake up get on the lake, come home and BBQ.

Rvr Swpr
03-26-2007, 09:20 PM
Your crazy...havasu real estate 10 years ago was 100k....within a year there will be many homes on the market in havi for 125-150k again. It hit its peak 2 years ago,(about 300k avg) not even close to 1 mil. It probably will never be over 500k avg due to no jobs out there. Lets face it, at its all time peak, so cal avg home price was 400k about a year ago.
I said in 10 years,not next week,I try to give you slack but time after time it's a waste of time,like i said ten years from 1 mil in havasu will be cheap.

4DAY4PLAY
03-26-2007, 09:40 PM
I said in 10 years,not next week,I try to give you slack but time after time it's a waste of time,like i said ten years from 1 mil in havasu will be cheap.
yeah your right....median price of a home in Havi in 2007 is 300k....to get to a median of 1 million it has to appreciate over 20% a year every year, for 10 straight years starting in 2008. For some reason i dont think thats gonna happen. And for all those that are bashing what ive said, im just being realistic. I never said the sky is falling in havi, nor did i say your homes are not worth anything, i did say people need to be realistic with there asking price IF they want to sell it. There are more foreclosures in havi right now than ever before....guess what that means?? When those get sold at a discounted rate....that lowers the comps on your home. What was worth 350k a year ago isnt worth 375k today. What makes you think it will be worth 400k next year? Its only worth what someone will pay for it...AND what a bank will lend on it after it appraises based on COMPS. 1300 sq feet for 375k = $288 per sq ft...which is the same price per sq ft as those of you that live in Corona (92880)...(check the press enterprise homes ection last sat, under homes sold in the past year in 92880). There is NO WAY havi is worth as much per sq ft as south corona. And im sure the re agents on here will back this up. Lets keep this up, im enjoying seeing my name on so many posts.

Havasu1986
03-26-2007, 09:50 PM
AND what a bank will lend on it after it appraises based on COMPS. 1300 sq feet for 375k = $288 per sq ft...which is the same price per sq ft as those of you that live in Corona (92880)...(check the press enterprise homes ection last sat, under homes sold in the past year in 92880). There is NO WAY havi is worth as much per sq ft as south corona. And im sure the re agents on here will back this up. Lets keep this up, im enjoying seeing my name on so many posts.
I really don't see what Corona has to do with Havi.I don't think many people plan on retiring there. I'll take Havi and no 91 when I retire at 55. :)

C-2
03-26-2007, 09:57 PM
yeah your right....median price of a home in Havi in 2007 is 300k....to get to a median of 1 million it has to appreciate over 20% a year every year, for 10 straight years starting in 2008. For some reason i dont think thats gonna happen. And for all those that are bashing what ive said, im just being realistic. I never said the sky is falling in havi, nor did i say your homes are not worth anything, i did say people need to be realistic with there asking price IF they want to sell it. There are more foreclosures in havi right now than ever before....guess what that means?? When those get sold at a discounted rate....that lowers the comps on your home. What was worth 350k a year ago isnt worth 375k today. What makes you think it will be worth 400k next year? Its only worth what someone will pay for it...AND what a bank will lend on it after it appraises based on COMPS. 1300 sq feet for 375k = $288 per sq ft...which is the same price per sq ft as those of you that live in Corona (92880)...(check the press enterprise homes ection last sat, under homes sold in the past year in 92880). There is NO WAY havi is worth as much per sq ft as south corona. And im sure the re agents on here will back this up. Lets keep this up, im enjoying seeing my name on so many posts.
I think 4day is putting up some sound logic.

BEER&WATER
03-26-2007, 10:09 PM
There are more foreclosures in havi right now than ever before....guess what that means?? When those get sold at a discounted rate....that lowers the comps on your home.
I disagree this is why
1st most all the foreclosures are junk that will get torn down or rehabed with granite counter tops
2nd none of the above are going to sell for less then lot value
3rd the cheapest lot is 85k add to that no less than 150k
for a dirt cheap house with no extras 235k minimum no walls no landscape no pool
4th more peps will retire in the next 10 years then ever in history where will the go with all there cash ?????

Rvr Swpr
03-26-2007, 10:11 PM
The sky is falling,2weeks ago the L.A. Times had never mentioned the words sub-prime,now it's every day.So eat it up kid,mean while Wells Fargo , Countrywide, are still doing business.The media loves this stuff,and you eat it up.

BEER&WATER
03-26-2007, 10:22 PM
the babyboomers are coming
and take one guess where they want to live ?????

lewiville
03-26-2007, 10:24 PM
We didn't own the place 7 years ago. All the dishes and glasses inside are (pretty much) from 1960. I think it's kinda cool.
Sounds like a nice couple:D
Deb,
what about the National Geographics?

Rvr Swpr
03-26-2007, 10:42 PM
the babyboomers are coming
and take one guess where they want to live ?????
Anywhere between Topock & Parker will do. We are selling our place on the Strip, because of the 5 month a year rule on BLM places. Havasu will do fine.

C-2
03-26-2007, 10:59 PM
The sky is falling,2weeks ago the L.A. Times had never mentioned the words sub-prime,now it's every day.So eat it up kid,mean while Wells Fargo , Countrywide, are still doing business.The media loves this stuff,and you eat it up.
And just why is the SEC looking at Mozillo for dumping all his Countrywide stock over the past two months? Wells, Countrywide and WAMU are all taking it in the a ss just the same as New Century, Fremont and Option 1. They are banks and not single line lenders, so of course they will be fine. A month ago I never saw a press release from Countrywide - now they are churning them out on a daily basis.
Removing 20% of potential homebuyers (subprime and Alt-A) is going to catch up pretty quick. Do the math - I'm guessing most of the people who bought vacation homes in Havi within the past 5 years did so on an Alt-A loan. Take away Alt-A and you've just removed a huge amount of potential buyers.
Now I realize most ballers on here are going to scoff at that. But all those foreclosures out there - are they foreclosing on long-term residents? Nope.

Debbolas
03-27-2007, 06:21 AM
Deb,
what about the National Geographics?
I'm afraid all we have is old issues of Hot Boat Magazine :D

callbob4homes
03-27-2007, 06:30 AM
anybody that believes zillow.com needs to back away from the pipe.:rolleyes:

lewiville
03-27-2007, 06:42 AM
I'm afraid all we have is old issues of Hot Boat Magazine :D
Oh well. My detective work here is done.
I miss Kathryn's, I don't miss the launch ramp. I went to Havasu Landing about 6 years ago and we start bitching if we wait longer than 5 min to launch:D I was thinking about coming out there once this year just to see the change.

lewiville
03-27-2007, 06:44 AM
anybody that believes zillow.com needs to back away from the pipe.:rolleyes:
ok, my pipe is down:D
do you use another type of research web site? I want it for my neighborhood.

michael photoglou
03-27-2007, 06:52 AM
Jay Photoglou is manager at Anaheim chevrolet in Orange county CA. His Cell # is 1 714 552-0300 I hope this helps you get to Jay.

catman-do
03-27-2007, 07:10 AM
The sky is falling,2weeks ago the L.A. Times had never mentioned the words sub-prime,now it's every day.So eat it up kid,mean while Wells Fargo , Countrywide, are still doing business.The media loves this stuff,and you eat it up.
While I would agree that subprime has been in the media alot, you are comparing apples and oranges with wells and CW. By the way countrywide BC has cut back almost all of there subprime product. They also laid off 3000 employees a few weeks back, I would suggest you read more into the articles than just the headlines. I work in subprime, and while its a changing market, those that had made the conservative underwritting guidelines and appraisal reviews in the first place are still around. Those that didnt arent, or may drop out shortly.

callbob4homes
03-27-2007, 07:51 AM
ok, my pipe is down:D
do you use another type of research web site? I want it for my neighborhood.
call a REALTOR in your area and tell them you want current comps. way more accurate than anything else. I think I read somewhere awhile back that zilcho and others are being sued for the misinformation. hope that helps

Debbolas
03-27-2007, 07:52 AM
Oh well. My detective work here is done.
I miss Kathryn's, I don't miss the launch ramp. I went to Havasu Landing about 6 years ago and we start bitching if we wait longer than 5 min to launch:D I was thinking about coming out there once this year just to see the change.
I love it in fall and spring. :D
Summer is not so great....Holiday weekends it's no problem as long as your on the water before 9am and off by 3pm. I timed the launch line to the trailer park entrance and it is 1/2 an hour.
We went last weekend and there was NO ONE there, it was awesome:D

CampbellCarl
03-27-2007, 09:23 AM
Sorry Deb......you're wrong.............I WAS THERE!
CC

Rvr Swpr
03-27-2007, 09:34 AM
While I would agree that subprime has been in the media alot, you are comparing apples and oranges with wells and CW. By the way countrywide BC has cut back almost all of there subprime product. They also laid off 3000 employees a few weeks back, I would suggest you read more into the articles than just the headlines. I work in subprime, and while its a changing market, those that had made the conservative underwritting guidelines and appraisal reviews in the first place are still around. Those that didnt arent, or may drop out shortly.
Ok,no question you have good info on the sub prime problem.What happens here is,no matter what the subject,4day comes across the same way. Even when it is a lady on here whose kids are stranded in a airport,he gives her hell,it was unreal. I'm done.

4DAY4PLAY
03-27-2007, 10:14 AM
Ok,no question you have good info on the sub prime problem.What happens here is,no matter what the subject,4day comes across the same way. Even when it is a lady on here whose kids are stranded in a airport,he gives her hell,it was unreal. I'm done.
Dude, i have posted on here nearly 400 times, and not all of them were negative. I find it funny how many private messages i get from people, were talking hundreds since i started posting saying how right they think i am, they just dont want to get hammered on here for supporting my thoughts. I speak mostly factual, and at times i give opinions(such as topless posting that her kids are stranded alone) And if you go back and look at that post, all i said was i would never put my kids on a plane alone. I know it happens alot, but I wouldnt do it. Wake up peopl ethis is america and we should be allowed to excercise our first amendment right. I dont need to justify my beliefs any more. Topless did what she did and look what happened, she probably learned from it and will atleast check the weather 10 days out before the flight next time. As far as the river RE threads...all i can say is wait and see. Homes will drop this year. and it may just be one of my critics on here homes i buy next winter, at a discounted price, or not, you dont HAVE to sell it to me.

Rvr Swpr
03-27-2007, 10:37 AM
I think DUDE, she found out she had alot of friends here,except one. So time to close this out DUDE.

Debbolas
03-27-2007, 11:13 AM
Sorry Deb......you're wrong.............I WAS THERE!
CC
ok, two boats.........yours and mine ;)
(but THATS ALL:D)

4DAY4PLAY
03-27-2007, 12:00 PM
I think DUDE, she found out she had alot of friends here,except one. So time to close this out DUDE.
DUDE, for every friend here she has an enemy, for some reason....shes not as pure as people think she is (according to my sources) and i can end it anytime, just dont reply!

Havasu1986
03-27-2007, 01:30 PM
ok, two boats.........yours and mine ;)
(but THATS ALL:D)
I like how you slip in between all the talk about the sky falling in Havi and not miss a beat.:D

Debbolas
03-27-2007, 01:45 PM
I like how you slip in between all the talk about the sky falling in Havi and not miss a beat.:D
It's all about concentration..............there are arguments on the forum that will NEVER be settled, so I ignore them and talk about the important issues...........THE LAKE:D or THE RIVER:D

dumbandyoung
03-27-2007, 04:30 PM
***boat has a magazine???

Rvr Swpr
03-27-2007, 05:04 PM
DUDE,just wondering DUDE?Do you have a boat? You ever been to Havasu?

Havasu1986
03-27-2007, 05:51 PM
DUDE,just wondering DUDE?Do you have a boat? You ever been to Havasu?
And not just on the lake. Actually spent time in the town, going to dinner and hanging with freinds at there nice houses.:confused:

4DAY4PLAY
03-27-2007, 06:01 PM
DUDE,just wondering DUDE?Do you have a boat? You ever been to Havasu?
And not just on the lake. Actually spent time in the town, going to dinner and hanging with freinds at there nice houses.:confused:
As a matter of fact i grew up going to havasu....(dad was a fireman lots of time off) and now that im a fireman, yes i spend lots of time there, and have family and friends who have houses there, all that agree the value of there home has dropped about 10-15% in the past year. Are they selling??? No, cause they bought at the right time, and not with subprime or adj loans. Im 29 years old and had a goal to have purchased my second home by the time im 30, and it was to be be in havi, but it may not be till im 31. I never said it wasnt nice, and i never said i wouldnt buy there....all i said was prices are dropping everywere, including and even more so in havi cause its primarily a vacation/second home market. These types of areas get hit the hardest in down markets....I have cash, and Im going to buy in the next 12-18 months.

Havasu1986
03-27-2007, 06:14 PM
[QUOTE=Havasu1986;2468395]
As a matter of fact i grew up going to havasu....(dad was a fireman lots of time off) and now that im a fireman, yes i spend lots of time there, and have family and friends who have houses there, all that agree the value of there home has dropped about 10-15% in the past year. Are they selling??? No, cause they bought at the right time, and not with subprime or adj loans. Im 29 years old and had a goal to have purchased my second home by the time im 30, and it was to be be in havi, but it may not be till im 31. I never said it wasnt nice, and i never said i wouldnt buy there....all i said was prices are dropping everywere, including and even more so in havi cause its primarily a vacation/second home market. These types of areas get hit the hardest in down markets....I have cash, and Im going to buy in the next 12-18 months.
I agree with you on most of this, but alot of homes went up 75-100% like mine and have come back down the 10-15%. I'm still ahead. Good luck on your purchase. Havi has been my 2nd home for over 20 years.:) BTW I didn't post the top part.

lewiville
03-27-2007, 06:28 PM
I love it in fall and spring. :D
Summer is not so great....Holiday weekends it's no problem as long as your on the water before 9am and off by 3pm. I timed the launch line to the trailer park entrance and it is 1/2 an hour.
We went last weekend and there was NO ONE there, it was awesome:D
I be really Jealous. Sounds like a great time. I have all the best secret coves in my GPS. We would also go up the Willow once in a while and just sit and unwind. On occasion we would also rent a aluminum boat at Willow and go up to to the hot springs.

BEER&WATER
03-27-2007, 06:56 PM
this would make a nice place to store the boat
http://www.wardexre.com/war/maildoc/c005sN2873.html

totenhosen
03-27-2007, 08:37 PM
While I would agree that subprime has been in the media alot, you are comparing apples and oranges with wells and CW. By the way countrywide BC has cut back almost all of there subprime product. They also laid off 3000 employees a few weeks back, I would suggest you read more into the articles than just the headlines. I work in subprime, and while its a changing market, those that had made the conservative underwritting guidelines and appraisal reviews in the first place are still around. Those that didnt arent, or may drop out shortly.
Funny thing is they end up hiring a large portion of those people and still end up adding to their overall work force. Those "preceived" layoffs are to appease wall street.

Ultrafied
03-27-2007, 09:38 PM
For what we want it has been a choice of the Islander or Vista del Lago. Tomorrow we sign papers at Del lago,First time in my life i'm a little unsure about real estate. I think what happens in Ca. has alot to do with havasu.:
Hope all goes well for you at De Lago. I know they haven't sold anywhere near what they wanted (14 units out of 82 in the 1st phase). At least you should have gotten a good deal. I know inside the Landing, prices are dropping. Not bad yet, but quite a few are becoming available.

Debbolas
03-28-2007, 07:35 AM
I be really Jealous. Sounds like a great time. I have all the best secret coves in my GPS. We would also go up the Willow once in a while and just sit and unwind. On occasion we would also rent a aluminum boat at Willow and go up to to the hot springs.
We have been to Willow with HB peeps ;) We usually launch and go around the basin, Cottonwood for lunch ;)
Hey, I heard that word you all were using on TV yesterday, Subprime....what does it mean?

lewiville
03-28-2007, 07:39 AM
Hey, I heard that word you all were using on TV yesterday, Subprime....what does it mean?[/QUOTE]
Sublime, thats easy its a rock group from Seattle:D :D

CBadDad
03-28-2007, 09:00 AM
I agree with you on most of this, but alot of homes went up 75-100% like mine and have come back down the 10-15%. I'm still ahead. Good luck on your purchase. Havi has been my 2nd home for over 20 years.:)
True, that is why most peeps are waiting for the prices to come back down to a more realistic (read - affordable) level. Home prices are not gonna fall 75%, so you're still way ahead of the pack. 25 to 40% is probable though. If anyone else is in it for the long haul (and can afford it) you can't go wrong - it still is a solid investment. At the same time, if you can be patient, you'll get a better deal, will be able to afford more house, and make a bigger profit in the long run.

meaniam
03-28-2007, 09:34 AM
Hey man, I'm just the messenger. And Troy, alleged PRO, read this, because it pertains to YOUR industry, in case you weren't aware: http://news.yahoo.com/s/nm/20070323/bs_nm/usa_economy_existinghomes_dc_2
From the article: "The rise in existing home sales in February marked the third straight increase, the first time sales have risen three months in a row since the period ended in June 2004." So maybe we have hit bottom and things are getting better...
Maybe its an anomale in the grande scheme of things, but it is, nonetheless, indisputable FACT. So no Troy McClure, the sky is not currently falling. Can I provide anymore support for you? How 'bout a graph of my town's avg. home values as well as AZ and the USA?
Care to admit you're wrong?
you cant use zillow anybody that know anything knows zillow is highly inaccurate. i have proven over and over agian. and i work in the field. I hope you are not using david roth the nar goof off for a source,
call a REALTOR in your area and tell them you want current comps. way more accurate than anything else. I think I read somewhere awhile back that zilcho and others are being sued for the misinformation. hope that helps
thats not a good way either. as an agent i see it everyday agents to stupid to know whats good. the best way to do this is to ask for a sold comps going no more then 3 months old. then look at only those that were listed for 4 months or less. (the older the sale, the closer to a 2 month turn around is what you want) that is your comps. apprasiors are more tight then that. and LO's have been suprised to see apprasials coming in lower then comps they have pulled off there sites.
some houses have an exception to this rule. i have bent these rules by offering higher commis. to the other agent.

meaniam
03-28-2007, 09:59 AM
While I would agree that subprime has been in the media alot, you are comparing apples and oranges with wells and CW. By the way countrywide BC has cut back almost all of there subprime product. They also laid off 3000 employees a few weeks back, I would suggest you read more into the articles than just the headlines. I work in subprime, and while its a changing market, those that had made the conservative underwritting guidelines and appraisal reviews in the first place are still around. Those that didnt arent, or may drop out shortly.
I am curious what company you work for and what dept. no other reason then just curious

That Guy
03-28-2007, 10:19 AM
Hope all goes well for you at De Lago. I know they haven't sold anywhere near what they wanted (14 units out of 82 in the 1st phase). At least you should have gotten a good deal. I know inside the Landing, prices are dropping. Not bad yet, but quite a few are becoming available.
At the real Vista Del Lago Estates....:D (on the Arizona side of the lake) things are great. Home on the bottom row just sold Saturday for $800k...I will go back to the same drum I beat everytime....R.E. is a long term investment..don't panic and you will be fine. It still cracks me up that with all the development names that this guy could have used he has to call his development on the CA side Vista Del Lago as well....:confused:
As far as the subprime players go...I agree with the post above that those with realistic loan requirements will be fine in the long run...Even New Century got a bit of relief last week....

meaniam
03-28-2007, 10:21 AM
this would make a nice place to store the boat
http://www.wardexre.com/war/maildoc/c005sN2873.html
this is what throws me about havasu. the town is small and in march o6. my wife and i went out to look at houses. we loved one for 315k brand new spec home with rv garage 4 or 5 car lengths long plus deep 2 car garage. over 2k sq ft. and proably 10k or better of land. only down fall was driveway grade was abit steep. not impossiable thou. it was on the market for more then 6 months. at that time. yet we looked at other home in same price range and they looked like this or worse. not saying this is bad. but it didnt compare. other states like az texas ect. will have a cool down. in the future maybe another year out. area like suprise goodyear avondale have seen a recent drop.

Rvr Swpr
03-28-2007, 02:35 PM
At the real Vista Del Lago Estates....:D (on the Arizona side of the lake) things are great. Home on the bottom row just sold Saturday for $800k...I will go back to the same drum I beat everytime....R.E. is a long term investment..don't panic and you will be fine. It still cracks me up that with all the development names that this guy could have used he has to call his development on the CA side Vista Del Lago as well....:confused:
As far as the subprime players go...I agree with the post above that those with realistic loan requirements will be fine in the long run...Even New Century got a bit of relief last week....
Actually,not sure who was first,Del Lago in arizona or Ca. Vic has had the property for about 20 years ,it is off the reservation,railroad grant,whatever,i'm glad to be going over there.

CNeidhart
03-28-2007, 03:34 PM
Hi,
I normally lurk but I'm in the Building and Real Estate Business in Phoenix and had to jump in.
I agree this is a boating site and we should be talking about boats and babes but so many fellow boaters got caught up in the housing frenzy that it is effecting a lot of people.
In the Senate, Mr Bernanke was asked today about changing regulations on Lenders. That is a bad sign. In my experience, when the Feds get involved they make thinks muuuuch worse. Case in point the 1986 tax reform act, which started the whole RTC foreclosures.
We already have the sub-prime market dried up. Programs have been resended or modify so much they don't resemble the original terms. Anyone tring to purchase a first time home now, without FHA or VA, will nearly have to walk on water. That will cause the move up market to stop because they can't get top dollar on they're first home.
The Seller's of first time homes will experience the problem of competeing with the repo market. The Banks will discount the REPO homes and offer better terms to the Purchaser's of a REPO. It happens everytime!
I have no advice and no one wants any. I surely don't think we are at the bottom. Buyers keep your powder dry. Sellers, do what you need to do.
Sorry for the rant; here's what I originally wanted to post. Wells Fargo sent this over. Of course they want to show how bad the other Guys are. If makes interesting reading. BTW, this is 4 days old. It's larger now.
Here it is in a nutshell. Interesting.
1 . Accredited Home. Panic selling; analysts are fearful about liquidity and have downgraded rating from "hold" to "sell"; $100 million drop in annual net income expected; missed earnings filing deadline with the SEC.
2 . Acoustic Home Loans. A harbinger of the broader meltdown, Acoustic Home Loans ceased accepting new loan submissions last year; buybacks were a major factor in collapse, according to BusinessWeek.
3 . Aegis Funding. Subprime unit has closed and a consolidated operation is reportedly handling prime, slimmed down subprime and expanded Alt-A offerings.
4 . Alliance Home Funding. Closed. Parent has folded mortgage brokerage into bank and "taken pre-tax charge of $680000 and an after-tax charge of $449000 to wind down the Alliance Home Funding operation," according to fourth-quarter earning statement.
5 . Ameriquest. Parent ACC Holdings had to beg Mass. Gov. Deval Patrick, former director, to help get them a life-sustaining line of credit from Citigroup to avoid shutting down. They've shut most of their offices, laid off 3,800 people, and have settled with 30 state attorney generals for $325 million over predatory lending practices.
6 . Ameritrust Mortgage Company. Shutdown, according to email to brokers: "Effective Monday, March 05, 2007 the subprime wholesale division of Ameritrust Mortgage Company is no longer in operation. Due to market conditions, our warehouse provider, Washington Mutual, ceased funding for subprime loans."
7 . Argent. Owned by ACC Holdings but may be acquired by Citigroup as part of a deal for working capital and a credit line for ACC if it falters.
8 . Axis Mortgage & Investments. Parent Biltmore Bank of Arizona closed this wholesale subsidiary in November 2006 due to "current lending environment and current conditions of the real estate market."
9 . Bay Capital/Clear Choice Financial. Press release on January 12, 2007: "Clear Choice has...announced that it is insolvent and in default on numerous obligations.. officially closed the mortgage lending offices of its wholly owned subsidiary, Bay Capital"
10 . Central Pacific Mortgage. Shuttered its door because it was apparently unable to make February's last payroll, mostly due to rising buyback costs.
11 . Coast Financial Holdings. Distressed because of developers unable to complete construction has put $110 million in loans in jeopardy for loans for 480+ homeowners.
12 . Coastal Capital. Shut down; owner & president indicted in Duke Cunningham scandal.
13 . Concorde Acceptance. Closed as of January 31st, 2007.
14 . Countrywide. Stock in a freefall after announcing that close to 20% of its subprime loans are in default. $600 million worth of stock sold by insiders. Reportedly in talks over a merger or alliance with Bank of America.
15 . DeepGreen Financial. Closed as of January 31, 2007 by parent Lightyear Financial, a private equity firm.
16 . DomesticBank. Stopped wholesale operations on 3-2-06, according to their website.
17 . Doral Financial Corp. Has agreed to pay a penalty to settle fraud charges with the U.S. Securities and Exchange Commission for a close to 1 billion overstatement in earnings. On March 2nd, 2007, said it will post losses for 2006 and warned on of a cash crunch if it is not able to refinance $625 million in debt.
18 . Eagle First Mortgage. AZ regulators shut them down citing illegal lending practices. Has until 3-14-07 to wind up operations.
19 . Encore Credit/ECC Capital. Was supposed to be sold to Bear Stearns for $26 million; ECC wound up paying Stearns $7 million to take it off their hands.
20 . EquiBanc. Closed by parent Wachovia after "intensive strategic review."
21 . Fieldstone. Closed 6 operation centers; had to restructure lines of credit; bought by C-Bass (MGIC & Radian Group) after losing more than 70 percent of it's value.
22 . First Franklin . Acquired by Merrill Lynch from National City
23 . Franklin Financial. Apparently has shutdown its wholesale operation as of 5pm 2-28-07; retail may be still alive
24 . Fremont General. FIL (Fremont Investment and Loan, its subprime subsidiary) has been ordered to cease-and-desist by the FDIC
25 . FundingAmerica. Closed as of January 19, 2007, little information available on their website.
26 . GMAC. Major layoffs in ResCap; looming writedowns for subprime loan portfolio; may take a large ($1 Billion) hit to cover bad loans made by ResCap.
27 . Harbourton Mortgage Investment Corp. Closed as of December 20, 2006, according to company press release "HMIC was forced to take these actions when it was unable to satisfactorily resolve mortgage repurchase claims."
28 . Home 123 Corp. A subsidiary of New Century; two dozen offices shuttered and 200 jobs cut as of January 17, 2007.
29 . Ivanhoe Mortgage. Unable to fund operations due to a shortage of cash, according to CEO John Cassel
30 . Lender's Direct Capital Corporation. Closed wholesale operations due to "lack of demand" effective 2-8-07.
31 . Mandalay Mortgage. Notified its brokers that it has exited the nonprime wholesale mortgage business. A message on its Web site said no new loans will be funded after Jan. 31, 2007.
32 . Merit Financial. Shut down because of "rising interest rates". State regulators investigating.
33 . Meritage Mortgage. Business shut down by parent NetBank. Staff acquired by LIME Financial.
34 . Millenium Bankshares. Winding down all mortgage lending activity by the end of 2006 to "avoid the risks normally associated with mortgage banking activities," according to press release.
35 . MLN (Mortgage Lenders Network). Has filed for Chapter 11, issued a cease and desist order Jan. 24 by Connecticut banking officials.
36 . NetBank Inc. Laid off the remaining portion of its staff in December after shutting down its subprime subsidiary Meritage.
37 . New Century. Stopped funding; in breach of debt covenants and trying desperatly to get waivers; restating '06 earnings downwards; 10 class-action shareholder lawsuits; may be in "death spiral", according to analysts.
38 . Novastar. Seriously impaired; likely no dividends in 2007, no taxable income through 2011; many shareholder lawsuits.
39 . Option One. Owner H&R Block has publicly announced it will be sold by end of March 2007.
40 . Origen Wholesale Lending. This modular home lender is transferring its wholesale operations to its correspondent partners.
41 . OwnIt. Ceased operations in December 5th 2006, Filed bankruptcy December 28th.
42 . Popular Financial Holdings. Parent shutting it down and completely exiting wholesale subprime to "focus on profitable businesses".
43 . Preferred Advantage. Closed completely when parent National City sold First Franklin.
44 . ResMAE. Filed Chapter 11 bankruptcy; assets purchased by Citadel Investment Group; being hounded by Merril Lynch for more than $300 million in bad loans.
45 . ResCap. Laying off about 1,000 people; may force former parent GM to take a $950 million hit due to "loan loss provisions", according to terms of its sale to Cerberus Capital, says Marketwatch.
46 . Rose Mortgage. Posted on its website: "EFFECTIVE IMMEDIATELY ROSE MORTGAGE CORPORATION IS CLOSED."
47 . Sebring Capital Partners. Shut its doors as of December 5th, 2006 due to rising defaults, according to company employee quoted by the Denver Post.
48 . SecuredFunding. Ceased funding "based upon market conditions and limited product availability", according to website.
49 . Silver State Mortgage. Per their website, shut down nationwide wholesale operations as of February 14, 2007.
50 . Summit Mortgage. "Came to terms with a difficult business model in an unforgiving economy."
51. Trojan Lending. "Effective as of the opening of business on Monday March 5, 2007, Trojan Lending has ceased its wholesale mortgage operations and will no longer be underwriting or funding wholesale mortgages nationwide."

ChumpChange
03-30-2007, 11:24 AM
Disclaimer: Yes I know Zillow is completely stupid.
I just went to zillow to find an address of one of my neighbors in order to pull title. When I went to the site, it already had my old Havasu house looked up since that is what I typed in the last time I went to that site well over a year now.
If it were an indicator of the market, it now says that a house I sold in February 06 for 335,000 is now just under $315,000. Ouch for that guy. At least he bought it cash.

PBOCOP
03-30-2007, 12:22 PM
That's funny you ask. Just finishing up phase 3 of a storage unit in Yucca Valley for motorhomes and boats, etc. Phase 1 and 2 of inside storage is full. Thought it was funny cause you prolly said it as a joke and it's true !
PBO
I'm tired of these R.E. threads. They're all the same. It is what it is. If you want a house and can afford it, go buy it. If not, just keep it to yourself until the time is right.
How about the cost for a boat storage condo in Yucca Valley? Are they going up in value? Last I heard, they were not.

yamamoto
04-01-2007, 03:55 AM
I think the time to buy will be in about 2 to 3 years. Listen to this mp3 file from Pimco Funds, it is about the mortgage market. This could get really ugly.
http://www.allianzinvestors.com/imageLibrary/promotions/GCBF_0307.mp3

framer1
04-01-2007, 06:47 AM
Hi,
I normally lurk but I'm in the Building and Real Estate Business in Phoenix and had to jump in.
I agree this is a boating site and we should be talking about boats and babes but so many fellow boaters got caught up in the housing frenzy that it is effecting a lot of people.
In the Senate, Mr Bernanke was asked today about changing regulations on Lenders. That is a bad sign. In my experience, when the Feds get involved they make thinks muuuuch worse. Case in point the 1986 tax reform act, which started the whole RTC foreclosures.
We already have the sub-prime market dried up. Programs have been resended or modify so much they don't resemble the original terms. Anyone tring to purchase a first time home now, without FHA or VA, will nearly have to walk on water. That will cause the move up market to stop because they can't get top dollar on they're first home.
The Seller's of first time homes will experience the problem of competeing with the repo market. The Banks will discount the REPO homes and offer better terms to the Purchaser's of a REPO. It happens everytime!
I have no advice and no one wants any. I surely don't think we are at the bottom. Buyers keep your powder dry. Sellers, do what you need to do.
Sorry for the rant; here's what I originally wanted to post. Wells Fargo sent this over. Of course they want to show how bad the other Guys are. If makes interesting reading. BTW, this is 4 days old. It's larger now.
Here it is in a nutshell. Interesting.
1 . Accredited Home. Panic selling; analysts are fearful about liquidity and have downgraded rating from "hold" to "sell"; $100 million drop in annual net income expected; missed earnings filing deadline with the SEC.
2 . Acoustic Home Loans. A harbinger of the broader meltdown, Acoustic Home Loans ceased accepting new loan submissions last year; buybacks were a major factor in collapse, according to BusinessWeek.
3 . Aegis Funding. Subprime unit has closed and a consolidated operation is reportedly handling prime, slimmed down subprime and expanded Alt-A offerings.
4 . Alliance Home Funding. Closed. Parent has folded mortgage brokerage into bank and "taken pre-tax charge of $680000 and an after-tax charge of $449000 to wind down the Alliance Home Funding operation," according to fourth-quarter earning statement.
5 . Ameriquest. Parent ACC Holdings had to beg Mass. Gov. Deval Patrick, former director, to help get them a life-sustaining line of credit from Citigroup to avoid shutting down. They've shut most of their offices, laid off 3,800 people, and have settled with 30 state attorney generals for $325 million over predatory lending practices.
6 . Ameritrust Mortgage Company. Shutdown, according to email to brokers: "Effective Monday, March 05, 2007 the subprime wholesale division of Ameritrust Mortgage Company is no longer in operation. Due to market conditions, our warehouse provider, Washington Mutual, ceased funding for subprime loans."
7 . Argent. Owned by ACC Holdings but may be acquired by Citigroup as part of a deal for working capital and a credit line for ACC if it falters.
8 . Axis Mortgage & Investments. Parent Biltmore Bank of Arizona closed this wholesale subsidiary in November 2006 due to "current lending environment and current conditions of the real estate market."
9 . Bay Capital/Clear Choice Financial. Press release on January 12, 2007: "Clear Choice has...announced that it is insolvent and in default on numerous obligations.. officially closed the mortgage lending offices of its wholly owned subsidiary, Bay Capital"
10 . Central Pacific Mortgage. Shuttered its door because it was apparently unable to make February's last payroll, mostly due to rising buyback costs.
11 . Coast Financial Holdings. Distressed because of developers unable to complete construction has put $110 million in loans in jeopardy for loans for 480+ homeowners.
12 . Coastal Capital. Shut down; owner & president indicted in Duke Cunningham scandal.
13 . Concorde Acceptance. Closed as of January 31st, 2007.
14 . Countrywide. Stock in a freefall after announcing that close to 20% of its subprime loans are in default. $600 million worth of stock sold by insiders. Reportedly in talks over a merger or alliance with Bank of America.
15 . DeepGreen Financial. Closed as of January 31, 2007 by parent Lightyear Financial, a private equity firm.
16 . DomesticBank. Stopped wholesale operations on 3-2-06, according to their website.
17 . Doral Financial Corp. Has agreed to pay a penalty to settle fraud charges with the U.S. Securities and Exchange Commission for a close to 1 billion overstatement in earnings. On March 2nd, 2007, said it will post losses for 2006 and warned on of a cash crunch if it is not able to refinance $625 million in debt.
18 . Eagle First Mortgage. AZ regulators shut them down citing illegal lending practices. Has until 3-14-07 to wind up operations.
19 . Encore Credit/ECC Capital. Was supposed to be sold to Bear Stearns for $26 million; ECC wound up paying Stearns $7 million to take it off their hands.
20 . EquiBanc. Closed by parent Wachovia after "intensive strategic review."
21 . Fieldstone. Closed 6 operation centers; had to restructure lines of credit; bought by C-Bass (MGIC & Radian Group) after losing more than 70 percent of it's value.
22 . First Franklin . Acquired by Merrill Lynch from National City
23 . Franklin Financial. Apparently has shutdown its wholesale operation as of 5pm 2-28-07; retail may be still alive
24 . Fremont General. FIL (Fremont Investment and Loan, its subprime subsidiary) has been ordered to cease-and-desist by the FDIC
25 . FundingAmerica. Closed as of January 19, 2007, little information available on their website.
26 . GMAC. Major layoffs in ResCap; looming writedowns for subprime loan portfolio; may take a large ($1 Billion) hit to cover bad loans made by ResCap.
27 . Harbourton Mortgage Investment Corp. Closed as of December 20, 2006, according to company press release "HMIC was forced to take these actions when it was unable to satisfactorily resolve mortgage repurchase claims."
28 . Home 123 Corp. A subsidiary of New Century; two dozen offices shuttered and 200 jobs cut as of January 17, 2007.
29 . Ivanhoe Mortgage. Unable to fund operations due to a shortage of cash, according to CEO John Cassel
30 . Lender's Direct Capital Corporation. Closed wholesale operations due to "lack of demand" effective 2-8-07.
31 . Mandalay Mortgage. Notified its brokers that it has exited the nonprime wholesale mortgage business. A message on its Web site said no new loans will be funded after Jan. 31, 2007.
32 . Merit Financial. Shut down because of "rising interest rates". State regulators investigating.
33 . Meritage Mortgage. Business shut down by parent NetBank. Staff acquired by LIME Financial.
34 . Millenium Bankshares. Winding down all mortgage lending activity by the end of 2006 to "avoid the risks normally associated with mortgage banking activities," according to press release.
35 . MLN (Mortgage Lenders Network). Has filed for Chapter 11, issued a cease and desist order Jan. 24 by Connecticut banking officials.
36 . NetBank Inc. Laid off the remaining portion of its staff in December after shutting down its subprime subsidiary Meritage.
37 . New Century. Stopped funding; in breach of debt covenants and trying desperatly to get waivers; restating '06 earnings downwards; 10 class-action shareholder lawsuits; may be in "death spiral", according to analysts.
38 . Novastar. Seriously impaired; likely no dividends in 2007, no taxable income through 2011; many shareholder lawsuits.
39 . Option One. Owner H&R Block has publicly announced it will be sold by end of March 2007.
40 . Origen Wholesale Lending. This modular home lender is transferring its wholesale operations to its correspondent partners.
41 . OwnIt. Ceased operations in December 5th 2006, Filed bankruptcy December 28th.
42 . Popular Financial Holdings. Parent shutting it down and completely exiting wholesale subprime to "focus on profitable businesses".
43 . Preferred Advantage. Closed completely when parent National City sold First Franklin.
44 . ResMAE. Filed Chapter 11 bankruptcy; assets purchased by Citadel Investment Group; being hounded by Merril Lynch for more than $300 million in bad loans.
45 . ResCap. Laying off about 1,000 people; may force former parent GM to take a $950 million hit due to "loan loss provisions", according to terms of its sale to Cerberus Capital, says Marketwatch.
46 . Rose Mortgage. Posted on its website: "EFFECTIVE IMMEDIATELY ROSE MORTGAGE CORPORATION IS CLOSED."
47 . Sebring Capital Partners. Shut its doors as of December 5th, 2006 due to rising defaults, according to company employee quoted by the Denver Post.
48 . SecuredFunding. Ceased funding "based upon market conditions and limited product availability", according to website.
49 . Silver State Mortgage. Per their website, shut down nationwide wholesale operations as of February 14, 2007.
50 . Summit Mortgage. "Came to terms with a difficult business model in an unforgiving economy."
51. Trojan Lending. "Effective as of the opening of business on Monday March 5, 2007, Trojan Lending has ceased its wholesale mortgage operations and will no longer be underwriting or funding wholesale mortgages nationwide."
Looks like cash is going to become a major factor in the housing market. My kid is in Phoenix sounds like he should wait a little longer to purchase a home, i'm guessing the price is still heading down.

Daytona100
04-01-2007, 07:00 AM
Looks like cash is going to become a major factor in the housing market. My kid is in Phoenix sounds like he should wait a little longer to purchase a home, i'm guessing the price is still heading down.
Man what a cluster####. Gonna be tough to buy and sell a home with all the restrictions and new rules.