Comments on: FNMA Regulations May Slow Sales of New Pasadena Condo Units http://www.up2daterealestate.com/2009/03/31/fnma-regulations-may-slow-sales-of-new-pasadena-condo-units/ Brought to you by Doug and Deena Willis Tue, 29 Jun 2010 22:34:52 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: The Catch-22 Impact Of New Fannie Mae (FNMA) Condominium Lending Regulations | TitleHub http://www.up2daterealestate.com/2009/03/31/fnma-regulations-may-slow-sales-of-new-pasadena-condo-units/comment-page-1/#comment-17723 The Catch-22 Impact Of New Fannie Mae (FNMA) Condominium Lending Regulations | TitleHub Sun, 21 Mar 2010 12:12:44 +0000 http://www.up2daterealestate.com/?p=1491#comment-17723 [...] Certainly, the revised guidelines are negatively affecting condominium buyers’ ability to obtain conventional loans for either a new or established condominium if the project does not conform. Most notably, the changes are dramatically affecting new developments, especially in hard hit areas such as Florida and California. [...] [...] Certainly, the revised guidelines are negatively affecting condominium buyers’ ability to obtain conventional loans for either a new or established condominium if the project does not conform. Most notably, the changes are dramatically affecting new developments, especially in hard hit areas such as Florida and California. [...]

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]]> By: TitleHub» Blog Archive » The Catch-22 Impact Of New Fannie Mae (FNMA) Condominium Lending Regulations http://www.up2daterealestate.com/2009/03/31/fnma-regulations-may-slow-sales-of-new-pasadena-condo-units/comment-page-1/#comment-16280 TitleHub» Blog Archive » The Catch-22 Impact Of New Fannie Mae (FNMA) Condominium Lending Regulations Sat, 20 Feb 2010 02:59:54 +0000 http://www.up2daterealestate.com/?p=1491#comment-16280 [...] Certainly, the revised guidelines are negatively affecting condominium buyers’ ability to obtain conventional loans for either a new or established condominium if the project does not conform. Most notably, the changes are dramatically affecting new developments, especially in hard hit areas such as Florida and California. [...] [...] Certainly, the revised guidelines are negatively affecting condominium buyers’ ability to obtain conventional loans for either a new or established condominium if the project does not conform. Most notably, the changes are dramatically affecting new developments, especially in hard hit areas such as Florida and California. [...]

]]> By: The Catch-22 Impact Of New Fannie Mae (FNMA) Condominium Lending Regulations | On The Silent http://www.up2daterealestate.com/2009/03/31/fnma-regulations-may-slow-sales-of-new-pasadena-condo-units/comment-page-1/#comment-11144 The Catch-22 Impact Of New Fannie Mae (FNMA) Condominium Lending Regulations | On The Silent Tue, 22 Sep 2009 02:34:53 +0000 http://www.up2daterealestate.com/?p=1491#comment-11144 [...] Certainly, the revised guidelines are negatively affecting condominium buyers’ ability to obtain conventional loans for either a new or established condominium if the project does not conform. Most notably, the changes are dramatically affecting new developments, especially in hard hit areas such as Florida and California. [...] [...] Certainly, the revised guidelines are negatively affecting condominium buyers’ ability to obtain conventional loans for either a new or established condominium if the project does not conform. Most notably, the changes are dramatically affecting new developments, especially in hard hit areas such as Florida and California. [...]

]]> By: The Catch-22 Impact of New Fannie Mae Condominium Lending Regulations | The Massachusett Real Estate Law Blog http://www.up2daterealestate.com/2009/03/31/fnma-regulations-may-slow-sales-of-new-pasadena-condo-units/comment-page-1/#comment-8582 The Catch-22 Impact of New Fannie Mae Condominium Lending Regulations | The Massachusett Real Estate Law Blog Thu, 02 Jul 2009 01:48:07 +0000 http://www.up2daterealestate.com/?p=1491#comment-8582 [...] are dramatically affected new developments, especially in hard hit areas such as Florida and California.  Through discussions with some fellow Massachusetts real estate professionals, the impact here is [...] [...] are dramatically affected new developments, especially in hard hit areas such as Florida and California.  Through discussions with some fellow Massachusetts real estate professionals, the impact here is [...]

]]> By: Doug Willis http://www.up2daterealestate.com/2009/03/31/fnma-regulations-may-slow-sales-of-new-pasadena-condo-units/comment-page-1/#comment-5788 Doug Willis Fri, 24 Apr 2009 03:28:58 +0000 http://www.up2daterealestate.com/?p=1491#comment-5788 John, I would certainly be very interested in hearing what you have to say. John,
I would certainly be very interested in hearing what you have to say.

]]> By: John Taylor http://www.up2daterealestate.com/2009/03/31/fnma-regulations-may-slow-sales-of-new-pasadena-condo-units/comment-page-1/#comment-5786 John Taylor Fri, 24 Apr 2009 02:35:37 +0000 http://www.up2daterealestate.com/?p=1491#comment-5786 What a facinating article. I'm looking for a marketing expert to help with a project, could you help? What a facinating article. I’m looking for a marketing expert to help with a project, could you help?

]]> By: Hannah B. http://www.up2daterealestate.com/2009/03/31/fnma-regulations-may-slow-sales-of-new-pasadena-condo-units/comment-page-1/#comment-4926 Hannah B. Thu, 02 Apr 2009 16:56:34 +0000 http://www.up2daterealestate.com/?p=1491#comment-4926 Well, I can't argue with that. I'm a New York transplant, and one of the things I liked about Pasadena, besides the weather, was the close proximity of stuff to do and the relaxed homey feel. Well, I can’t argue with that. I’m a New York transplant, and one of the things I liked about Pasadena, besides the weather, was the close proximity of stuff to do and the relaxed homey feel.

]]> By: Doug Willis http://www.up2daterealestate.com/2009/03/31/fnma-regulations-may-slow-sales-of-new-pasadena-condo-units/comment-page-1/#comment-4924 Doug Willis Thu, 02 Apr 2009 14:41:50 +0000 http://www.up2daterealestate.com/?p=1491#comment-4924 Why anyone thought a Manhattan project (in terms of price) would be successful in Pasadena is anyone's guess. I think it showed the mentality that existed during the bubble years. It will be interesting to see what happens to this project during the next several months. Why anyone thought a Manhattan project (in terms of price) would be successful in Pasadena is anyone’s guess. I think it showed the mentality that existed during the bubble years. It will be interesting to see what happens to this project during the next several months.

]]> By: Hannah B. http://www.up2daterealestate.com/2009/03/31/fnma-regulations-may-slow-sales-of-new-pasadena-condo-units/comment-page-1/#comment-4904 Hannah B. Wed, 01 Apr 2009 21:48:39 +0000 http://www.up2daterealestate.com/?p=1491#comment-4904 How funny... I was just about to comment on another post and ask about some of the silly condo projects and your perspective. Well, I just gave away my opinion. I've seen the Dalton and Lake@Walnut go on and off on the MLS for some time now. I even noticed that the Dalton increased their price significantly on 1 and 2 bedroom units on the second time listing while real estate was showing obvious weakness in SoCal. I thought they were insane, especially when you look at their site regarding their CRE space. Their advertisement shows local 2007 income data of roughly $50-55K as a selling point, however, it seems to contradict what that same local market could afford. When it comes to Lake@Walnut, adding insult to injury is the weakened state of Standard Pacific who got a much needed capital injection of $500 million last year. Is that enough? That can't make banks too confident. The one I'm most curious about is Toledo Home's 250 S Delacey project. Have you seen that ludicrous pricing? That place is ranging from $1.1M-1.5M per unit at $620-820 per square foot. At that price, I'd rather pick up a nice place in Linda Vista. How funny… I was just about to comment on another post and ask about some of the silly condo projects and your perspective. Well, I just gave away my opinion. I’ve seen the Dalton and Lake@Walnut go on and off on the MLS for some time now. I even noticed that the Dalton increased their price significantly on 1 and 2 bedroom units on the second time listing while real estate was showing obvious weakness in SoCal. I thought they were insane, especially when you look at their site regarding their CRE space. Their advertisement shows local 2007 income data of roughly $50-55K as a selling point, however, it seems to contradict what that same local market could afford.

When it comes to Lake@Walnut, adding insult to injury is the weakened state of Standard Pacific who got a much needed capital injection of $500 million last year. Is that enough? That can’t make banks too confident.

The one I’m most curious about is Toledo Home’s 250 S Delacey project. Have you seen that ludicrous pricing? That place is ranging from $1.1M-1.5M per unit at $620-820 per square foot. At that price, I’d rather pick up a nice place in Linda Vista.

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