Comments on: The Phoenix Real Estate Market: 3 Locals Opine on the Tube http://www.phoenixrealestateguy.com/the-phoenix-real-estate-market-3-locals-opine-on-the-tube/ Phoenix Real Estate -- Anything and everything about it. Plus random musings... Now with Phoenix area MLS Listings Search! Sat, 21 Nov 2009 14:25:35 -0600 http://wordpress.org/?v=2.8.4 hourly 1 By: Todd Tarson http://www.phoenixrealestateguy.com/the-phoenix-real-estate-market-3-locals-opine-on-the-tube/#comment-19047 Todd Tarson Fri, 24 Aug 2007 00:17:09 +0000 http://www.phoenixrealestateguy.com/the-phoenix-real-estate-market-3-locals-opine-on-the-tube/445#comment-19047 Debi is certainly thousands of times more reasonable to read and react to than say a Keith Brand would be. As a Realtor myself, yes I was pleased with the extra business that came my direction from investors in the middle of this decade. But I told many that the run up could not be sustained in all likelihood. I always suggested to any investor client to speak with a financial adviser before assuming the risks. Some did, and others did not. The key to the coming foreclosure market is that primary residents replace rental tenants, even if that means establishing a new market level (and obviously lower) for price. The markets will recover again no matter how far they may fall. I've always found a way to spend more on my next home since I've been a homeowner throughout the years. I suspect that will happen again the next time I find myself in the market to buy a home. Debi is certainly thousands of times more reasonable to read and react to than say a Keith Brand would be.

As a Realtor myself, yes I was pleased with the extra business that came my direction from investors in the middle of this decade. But I told many that the run up could not be sustained in all likelihood. I always suggested to any investor client to speak with a financial adviser before assuming the risks. Some did, and others did not.

The key to the coming foreclosure market is that primary residents replace rental tenants, even if that means establishing a new market level (and obviously lower) for price.

The markets will recover again no matter how far they may fall. I’ve always found a way to spend more on my next home since I’ve been a homeowner throughout the years. I suspect that will happen again the next time I find myself in the market to buy a home.

]]> By: homes http://www.phoenixrealestateguy.com/the-phoenix-real-estate-market-3-locals-opine-on-the-tube/#comment-19023 homes Thu, 23 Aug 2007 02:18:51 +0000 http://www.phoenixrealestateguy.com/the-phoenix-real-estate-market-3-locals-opine-on-the-tube/445#comment-19023 Great balls of fire, it's only a matter of reasoning. Great balls of fire, it’s only a matter of reasoning.

]]> By: John L. Wake - Realtor http://www.phoenixrealestateguy.com/the-phoenix-real-estate-market-3-locals-opine-on-the-tube/#comment-19010 John L. Wake - Realtor Wed, 22 Aug 2007 22:27:04 +0000 http://www.phoenixrealestateguy.com/the-phoenix-real-estate-market-3-locals-opine-on-the-tube/445#comment-19010 I'm starting to like Jay Butler. He seemed at little "disengaged" but that suits a professor. Twist was reasonable. Lund will get better with experience. I’m starting to like Jay Butler. He seemed at little “disengaged” but that suits a professor.

Twist was reasonable.

Lund will get better with experience.

]]> By: B.R. http://www.phoenixrealestateguy.com/the-phoenix-real-estate-market-3-locals-opine-on-the-tube/#comment-18997 B.R. Wed, 22 Aug 2007 17:59:56 +0000 http://www.phoenixrealestateguy.com/the-phoenix-real-estate-market-3-locals-opine-on-the-tube/445#comment-18997 Calie, thanks a lot for your perspective. I get really irritated when there is a sensational spin on things that should be a balanced debate. Calie, thanks a lot for your perspective. I get really irritated when there is a sensational spin on things that should be a balanced debate.

]]> By: Calie Waterhouse http://www.phoenixrealestateguy.com/the-phoenix-real-estate-market-3-locals-opine-on-the-tube/#comment-18963 Calie Waterhouse Tue, 21 Aug 2007 23:56:28 +0000 http://www.phoenixrealestateguy.com/the-phoenix-real-estate-market-3-locals-opine-on-the-tube/445#comment-18963 I too watched this "interview" over the weekend (and I even took notes). I found their statistic quoting to be a little unnerving - simply because they did so without citing sources. Certainly, people in their positions (industry leaders?) should be very careful before spewing this type of "doom and gloom" over our state. What evidence is there to support Stan Lund's comment about the stability of the Central Phoenix corridor? Where exactly does it say that it will take the r/e industry 1-2 years to rebound? Compared to what? I questioned the statement made by Jay Butler about now being a good time to buy a house you can afford - I'm sorry is there ever a good time to buy a house that is out-of-your-budget and would force you into foreclosure? Just my thought. I too watched this “interview” over the weekend (and I even took notes). I found their statistic quoting to be a little unnerving – simply because they did so without citing sources. Certainly, people in their positions (industry leaders?) should be very careful before spewing this type of “doom and gloom” over our state. What evidence is there to support Stan Lund’s comment about the stability of the Central Phoenix corridor? Where exactly does it say that it will take the r/e industry 1-2 years to rebound? Compared to what?

I questioned the statement made by Jay Butler about now being a good time to buy a house you can afford – I’m sorry is there ever a good time to buy a house that is out-of-your-budget and would force you into foreclosure?

Just my thought.

]]> By: B.R. http://www.phoenixrealestateguy.com/the-phoenix-real-estate-market-3-locals-opine-on-the-tube/#comment-18955 B.R. Tue, 21 Aug 2007 22:14:41 +0000 http://www.phoenixrealestateguy.com/the-phoenix-real-estate-market-3-locals-opine-on-the-tube/445#comment-18955 Jay, is it really in scary in Phoenix as that video made it sound? Jay, is it really in scary in Phoenix as that video made it sound?

]]> By: Around the Real Estate Blogosphere | Phoenix Area Real Estate Blog http://www.phoenixrealestateguy.com/the-phoenix-real-estate-market-3-locals-opine-on-the-tube/#comment-18954 Around the Real Estate Blogosphere | Phoenix Area Real Estate Blog Tue, 21 Aug 2007 21:54:41 +0000 http://www.phoenixrealestateguy.com/the-phoenix-real-estate-market-3-locals-opine-on-the-tube/445#comment-18954 [...] Phoenix Real Estate guy found a great KPNX TV story that has information about the current market, along with some opinion about where the market is [...] [...] Phoenix Real Estate guy found a great KPNX TV story that has information about the current market, along with some opinion about where the market is [...]

]]> By: Doug Trudeau http://www.phoenixrealestateguy.com/the-phoenix-real-estate-market-3-locals-opine-on-the-tube/#comment-18937 Doug Trudeau Tue, 21 Aug 2007 04:37:13 +0000 http://www.phoenixrealestateguy.com/the-phoenix-real-estate-market-3-locals-opine-on-the-tube/445#comment-18937 Jay - Great blog. Falls right in line with what I said about the herd mentality. What's your opinion on that? Gritting my teeth, mmm, eeewww, aaahhh, okay, your forced it out of me...I agree with what Twist said about housing prices at her close. Realistic pricing with return to realistic appreciation is a key factor to a recovery. Will we see a recession? Time will tell. I hope not, but, reality is its possible. Jay – Great blog. Falls right in line with what I said about the herd mentality. What’s your opinion on that? Gritting my teeth, mmm, eeewww, aaahhh, okay, your forced it out of me…I agree with what Twist said about housing prices at her close. Realistic pricing with return to realistic appreciation is a key factor to a recovery.

Will we see a recession? Time will tell. I hope not, but, reality is its possible.

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