Comments on: Taking Advantage of the Buyer’s Market http://blog.redfin.com/sfbay/2008/06/taking_advantage_of_the_buyers_market.html Redfin Bay Area Sweet Digs Fri, 20 Nov 2009 12:03:22 -0800 http://wordpress.org/?v=2.8.1 hourly 1 By: Janis Mara http://blog.redfin.com/sfbay/2008/06/taking_advantage_of_the_buyers_market.html/comment-page-1#comment-4925 Janis Mara Fri, 13 Jun 2008 20:27:52 +0000 http://blog.redfin.com/sfbay/2008/06/taking_advantage_of_the_buyers_market.html#comment-4925 Hahahaha you are right, Colin! And dg, that is an EXCELLENT point. You know, it seems to me that most trends are like that. It's not like kapow, the high point (or in this case, the low point) is reached, and then it's over before you have a chance to do anything. Hahahaha you are right, Colin! And dg, that is an EXCELLENT point. You know, it seems to me that most trends are like that. It’s not like kapow, the high point (or in this case, the low point) is reached, and then it’s over before you have a chance to do anything.

]]> By: dg http://blog.redfin.com/sfbay/2008/06/taking_advantage_of_the_buyers_market.html/comment-page-1#comment-4918 dg Fri, 13 Jun 2008 07:34:06 +0000 http://blog.redfin.com/sfbay/2008/06/taking_advantage_of_the_buyers_market.html#comment-4918 And remember that you can always refi at some point in the future, but you can never get the price back. You buy on PRICE, and NOT interest rates. Once the bottom comes in your particular areas, prices will be flat for awhile anyway because everyone (mainly the media) will be scared to death of RE and no one will want to buy anything. I have been reading about the knife-catchers since late 2007. It is referenced often actually. And remember that you can always refi at some point in the future, but you can never get the price back. You buy on PRICE, and NOT interest rates.

Once the bottom comes in your particular areas, prices will be flat for awhile anyway because everyone (mainly the media) will be scared to death of RE and no one will want to buy anything.

I have been reading about the knife-catchers since late 2007. It is referenced often actually.

]]> By: Colin http://blog.redfin.com/sfbay/2008/06/taking_advantage_of_the_buyers_market.html/comment-page-1#comment-4909 Colin Thu, 12 Jun 2008 15:44:30 +0000 http://blog.redfin.com/sfbay/2008/06/taking_advantage_of_the_buyers_market.html#comment-4909 Janis, I think you are a prime candidate for a knife catcher with those sentiments :-) Just because you are getting a better deal than folks who bought in '02 thru' '06, doesn't mean you are getting "a good deal" now. Prices have further to fall out there in relation to historic norms versus income/rents, imo. Janis, I think you are a prime candidate for a knife catcher with those sentiments :-) Just because you are getting a better deal than folks who bought in ‘02 thru’ ‘06, doesn’t mean you are getting “a good deal” now. Prices have further to fall out there in relation to historic norms versus income/rents, imo.

]]> By: Janis Mara http://blog.redfin.com/sfbay/2008/06/taking_advantage_of_the_buyers_market.html/comment-page-1#comment-4902 Janis Mara Thu, 12 Jun 2008 03:18:35 +0000 http://blog.redfin.com/sfbay/2008/06/taking_advantage_of_the_buyers_market.html#comment-4902 Good to see from you, red! Thanks for supplying the definition. Just as "shadenfreude" became a popular term during the dotcom bust, I bet "knifecatcher" will become popular during the housing bust. I'm thinking it's all relative. If you buy now, you'll get a good deal with a low interest rate (assuming your credit is good) and will be a zillion times bettah off than the people who bought between, say, 2002 and 2005. So, why not jump now? The water's fine, seems to me! What do you think? Good to see from you, red! Thanks for supplying the definition. Just as “shadenfreude” became a popular term during the dotcom bust, I bet “knifecatcher” will become popular during the housing bust.

I’m thinking it’s all relative. If you buy now, you’ll get a good deal with a low interest rate (assuming your credit is good) and will be a zillion times bettah off than the people who bought between, say, 2002 and 2005. So, why not jump now? The water’s fine, seems to me! What do you think?

]]> By: Red http://blog.redfin.com/sfbay/2008/06/taking_advantage_of_the_buyers_market.html/comment-page-1#comment-4897 Red Wed, 11 Jun 2008 20:12:58 +0000 http://blog.redfin.com/sfbay/2008/06/taking_advantage_of_the_buyers_market.html#comment-4897 Knife catcher (From Wikipedia, the free encyclopedia) A knife catcher in economics is a term for a purchaser of a good at a point when the price of that good is declining sharply in value.[1] As in anyone who believes "you can't time the market bottom, so buy now!" Patience and caution should be employed .... Knife catcher
(From Wikipedia, the free encyclopedia)
A knife catcher in economics is a term for a purchaser of a good at a point when the price of that good is declining sharply in value.[1]

As in anyone who believes “you can’t time the market bottom, so buy now!” Patience and caution should be employed ….

]]> By: Janis Mara http://blog.redfin.com/sfbay/2008/06/taking_advantage_of_the_buyers_market.html/comment-page-1#comment-4891 Janis Mara Wed, 11 Jun 2008 06:01:03 +0000 http://blog.redfin.com/sfbay/2008/06/taking_advantage_of_the_buyers_market.html#comment-4891 Hey there, Colin! I am embarrassed to ask, what is a knife-catcher? Hey there, Colin! I am embarrassed to ask, what is a knife-catcher?

]]> By: Colin http://blog.redfin.com/sfbay/2008/06/taking_advantage_of_the_buyers_market.html/comment-page-1#comment-4885 Colin Tue, 10 Jun 2008 22:47:42 +0000 http://blog.redfin.com/sfbay/2008/06/taking_advantage_of_the_buyers_market.html#comment-4885 Median price per sq ft is still dropping pretty consistently in Brentwood. Seems like there may be a lot of knife-catchers out there. Median price per sq ft is still dropping pretty consistently in Brentwood. Seems like there may be a lot of knife-catchers out there.

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