- This topic has 50 replies, 7 voices, and was last updated 17 years, 5 months ago by
sdrents.
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July 10, 2008 at 12:35 PM #13243July 10, 2008 at 2:14 PM #236969
Ex-SD
ParticipantThe entire Eastlake/Otay area is likely to drop another 15-25% (IMHO) over the next three years.
Yes……………..You’re risking a bunch of $$$$$$ if you buy this year because you’ll probably see prices drop 7-10% within the next 12 months.
See this story: http://www.latimes.com/business/la-fi-bofa10-2008jul10,0,3718095.story
Excerpt from the linked story:
“As for the housing market, Lewis said Bank of America’s latest forecast called for a further 15% decline in home prices nationwide, with the decline going into at least the first quarter of next year.In the case of California, Florida and other markets that had the biggest booms, a further 20% decline is more realistic, he said.”
July 10, 2008 at 2:14 PM #237097ParticipantThe entire Eastlake/Otay area is likely to drop another 15-25% (IMHO) over the next three years.
Yes……………..You’re risking a bunch of $$$$$$ if you buy this year because you’ll probably see prices drop 7-10% within the next 12 months.
See this story: http://www.latimes.com/business/la-fi-bofa10-2008jul10,0,3718095.story
Excerpt from the linked story:
“As for the housing market, Lewis said Bank of America’s latest forecast called for a further 15% decline in home prices nationwide, with the decline going into at least the first quarter of next year.In the case of California, Florida and other markets that had the biggest booms, a further 20% decline is more realistic, he said.”
July 10, 2008 at 2:14 PM #237106ParticipantThe entire Eastlake/Otay area is likely to drop another 15-25% (IMHO) over the next three years.
Yes……………..You’re risking a bunch of $$$$$$ if you buy this year because you’ll probably see prices drop 7-10% within the next 12 months.
See this story: http://www.latimes.com/business/la-fi-bofa10-2008jul10,0,3718095.story
Excerpt from the linked story:
“As for the housing market, Lewis said Bank of America’s latest forecast called for a further 15% decline in home prices nationwide, with the decline going into at least the first quarter of next year.In the case of California, Florida and other markets that had the biggest booms, a further 20% decline is more realistic, he said.”
July 10, 2008 at 2:14 PM #237152ParticipantThe entire Eastlake/Otay area is likely to drop another 15-25% (IMHO) over the next three years.
Yes……………..You’re risking a bunch of $$$$$$ if you buy this year because you’ll probably see prices drop 7-10% within the next 12 months.
See this story: http://www.latimes.com/business/la-fi-bofa10-2008jul10,0,3718095.story
Excerpt from the linked story:
“As for the housing market, Lewis said Bank of America’s latest forecast called for a further 15% decline in home prices nationwide, with the decline going into at least the first quarter of next year.In the case of California, Florida and other markets that had the biggest booms, a further 20% decline is more realistic, he said.”
July 10, 2008 at 2:14 PM #237166ParticipantThe entire Eastlake/Otay area is likely to drop another 15-25% (IMHO) over the next three years.
Yes……………..You’re risking a bunch of $$$$$$ if you buy this year because you’ll probably see prices drop 7-10% within the next 12 months.
See this story: http://www.latimes.com/business/la-fi-bofa10-2008jul10,0,3718095.story
Excerpt from the linked story:
“As for the housing market, Lewis said Bank of America’s latest forecast called for a further 15% decline in home prices nationwide, with the decline going into at least the first quarter of next year.In the case of California, Florida and other markets that had the biggest booms, a further 20% decline is more realistic, he said.”
July 10, 2008 at 2:22 PM #237004cv2
ParticipantHi sdrents,
You did not give a ballpark number for your income so it is hard to tell how much mortgage you could afford.
In general, I felt that CV still has a long way to go (condo is down 30% from peak but SFD is only down 10% so far) while Chula Vista is almost at the bottom (the down side is probably less than 10%).
July 10, 2008 at 2:22 PM #237131ParticipantHi sdrents,
You did not give a ballpark number for your income so it is hard to tell how much mortgage you could afford.
In general, I felt that CV still has a long way to go (condo is down 30% from peak but SFD is only down 10% so far) while Chula Vista is almost at the bottom (the down side is probably less than 10%).
July 10, 2008 at 2:22 PM #237143ParticipantHi sdrents,
You did not give a ballpark number for your income so it is hard to tell how much mortgage you could afford.
In general, I felt that CV still has a long way to go (condo is down 30% from peak but SFD is only down 10% so far) while Chula Vista is almost at the bottom (the down side is probably less than 10%).
July 10, 2008 at 2:22 PM #237187ParticipantHi sdrents,
You did not give a ballpark number for your income so it is hard to tell how much mortgage you could afford.
In general, I felt that CV still has a long way to go (condo is down 30% from peak but SFD is only down 10% so far) while Chula Vista is almost at the bottom (the down side is probably less than 10%).
July 10, 2008 at 2:22 PM #237201ParticipantHi sdrents,
You did not give a ballpark number for your income so it is hard to tell how much mortgage you could afford.
In general, I felt that CV still has a long way to go (condo is down 30% from peak but SFD is only down 10% so far) while Chula Vista is almost at the bottom (the down side is probably less than 10%).
July 10, 2008 at 2:35 PM #237009temeculaguy
Participantcv2, you are confusing us. Are you using the abbreviation CV for Carmel Valley, while spelling out Chula Vista, because you compared CV to Chula Vista when the OP was probably using the abbreviation CV for Chula Vista.
Who’s on first?
sdrents, just rent a SFR in Eastlake and see if you like it first, renting is the new black.
July 10, 2008 at 2:35 PM #237138Participantcv2, you are confusing us. Are you using the abbreviation CV for Carmel Valley, while spelling out Chula Vista, because you compared CV to Chula Vista when the OP was probably using the abbreviation CV for Chula Vista.
Who’s on first?
sdrents, just rent a SFR in Eastlake and see if you like it first, renting is the new black.
July 10, 2008 at 2:35 PM #237149Participantcv2, you are confusing us. Are you using the abbreviation CV for Carmel Valley, while spelling out Chula Vista, because you compared CV to Chula Vista when the OP was probably using the abbreviation CV for Chula Vista.
Who’s on first?
sdrents, just rent a SFR in Eastlake and see if you like it first, renting is the new black.
July 10, 2008 at 2:35 PM #237192Participantcv2, you are confusing us. Are you using the abbreviation CV for Carmel Valley, while spelling out Chula Vista, because you compared CV to Chula Vista when the OP was probably using the abbreviation CV for Chula Vista.
Who’s on first?
sdrents, just rent a SFR in Eastlake and see if you like it first, renting is the new black.
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