Priced Out Forever?

User Forum Topic
Submitted by BuyerWillEPB on December 28, 2007 - 12:20am

5-1-09: After I read Rich's article from a few days ago, it reminded me of this post from a long time ago.

-----------------------------------------------------

Now seems to be a good time to revisit this Blast from the Past.

"(PRWEB) October 29, 2006 -- Prospective home buyers beware that waiting for prices to drop may result in you never buying a home in California."

found here.

Submitted by drunkle on December 28, 2007 - 1:21am.

For questions about downtown San Diego condos please contact Mark Mills RE/MAX Realtor and downtown condo expert at 619 606-2596 or visit him at http://www.LiveAtTheTop.com where you will find condo ratings and reviews.

presumably, he's the author of that pr piece. check out his site and drop him a line...

Submitted by snail on December 28, 2007 - 1:26am.

hey Drunkle, you should go to sleep...:)
What is interesting about Mark Mills is, he claims to be a Realtor and Economist. Okay I will need to go and study more Micro 101 before I contacted this smart person.

Submitted by bob007 on December 28, 2007 - 1:43am.

Am I the only one to think low about economists ??

Submitted by bob007 on December 28, 2007 - 1:43am.

Am I the only one to think low about economists ??

Submitted by drunkle on December 28, 2007 - 1:54am.

what i wouldn't give to be able to sleep... actually, i think the blog machine's clock is off... besides, there's a really cheesy movie on scifi.

note that the guy is a downtown condo specialist. think his business is holding up? wonder if he's got any 2/2's in the mid/high 100's for me.

Submitted by alarmclock on December 28, 2007 - 7:17am.

I am in the mist of LMAO.

Submitted by mixxalot on December 28, 2007 - 10:34am.

Way overpriced condos downtown!!

And the realtor guy looks like an uber goober with that stupid dog. Geez how overpriced can you get to live downtown with all the bums and crack addicts.

Submitted by mixxalot on December 28, 2007 - 10:34am.

Way overpriced condos downtown!!

And the realtor guy looks like an uber goober with that stupid dog. Geez how overpriced can you get to live downtown with all the bums and crack addicts.

Submitted by Russell on December 28, 2007 - 10:49am.

Finally a respectable use of the word "uber". Nothing against this guy, I just normally hate that word.

Uber goober...out.

Submitted by guitar187 on December 28, 2007 - 11:09am.

If I took a survey of commonly used listing phrases in the past 7 years, "priced out forever" would probably rank right up at the top. I think everyone on this boards knows better.

Submitted by barnaby33 on December 28, 2007 - 1:23pm.

I believe that economics exists as a modern field of study, to make astrology look respectable.

Josh

Submitted by bubble_contagion on December 28, 2007 - 3:43pm.

A couple of years back, the U-T article ran an article about the new generation of perennial renters. That was a classic.

Submitted by formersocal on December 28, 2007 - 3:53pm.

So what are all the former realtors doing these days, anyways ?

We paid them like 90k over the years.
One of the ladies had a pony...
I am wondering what they are now up to...

Well, whatever. It's late in the old world already.

Submitted by Ceaser Slim on December 31, 2007 - 2:06am.

Well either this Realtor is super smart or just lucky, while he does not say prices will always rise, he does say the longer a buyer waits the more difficult it will be to buy a home. In some ways thats true, if back a couple of years ago you could borrow $500K at 4.5% = $2,500/mo payment and prices drop say 10% to $450K but rates are now at 6.25% = $2,700/mo payment, so in that respect he is right takes a bigger paycheck to buy the place. I dont know about downtown SD but prices state wide have not yet dropped 10% have they?