Once Alt-A (especially pay option ARMs) start defaulting, compounded with VERY tight lending standards, rising mortgage rates, jobs market weakening, and huge existing inventory overhang…

Just my opinion, but I am thinking down another 20-30% over the next year in PB and La Jolla. It could easily turn into 40-50% if regional banks start becoming insolvent, which is a REAL and SIGNIFICANT probability per the Wall Street financial analysts.

Again, just my opinion but from what I see on CNBC daily and what I read here and other local RE related websites, the situation is getting bleaker for now…

Once Alt-A (especially pay option ARMs) start defaulting, compounded with VERY tight lending standards, rising mortgage rates, jobs market weakening, and huge existing inventory overhang…

Just my opinion, but I am thinking down another 20-30% over the next year in PB and La Jolla. It could easily turn into 40-50% if regional banks start becoming insolvent, which is a REAL and SIGNIFICANT probability per the Wall Street financial analysts.

Again, just my opinion but from what I see on CNBC daily and what I read here and other local RE related websites, the situation is getting bleaker for now…

Once Alt-A (especially pay option ARMs) start defaulting, compounded with VERY tight lending standards, rising mortgage rates, jobs market weakening, and huge existing inventory overhang…

Just my opinion, but I am thinking down another 20-30% over the next year in PB and La Jolla. It could easily turn into 40-50% if regional banks start becoming insolvent, which is a REAL and SIGNIFICANT probability per the Wall Street financial analysts.

Again, just my opinion but from what I see on CNBC daily and what I read here and other local RE related websites, the situation is getting bleaker for now…

I am sorry but do not agree… 20-30% over the next year would mean that there is some sort of devastation within our borders. If we see 20-30% over the next 3 years I will be pleased.

Try not to forget that if the doomsday scenario for banks comes to fruition we will simply see a form of socialized housing which may be masked right now but can happen.

I am sorry but do not agree… 20-30% over the next year would mean that there is some sort of devastation within our borders. If we see 20-30% over the next 3 years I will be pleased.

Try not to forget that if the doomsday scenario for banks comes to fruition we will simply see a form of socialized housing which may be masked right now but can happen.

I was speaking with a long time Hard Money lender from Carmel Valley yesterday. He and his buddies thinks this will all be over in the next 12 months. This is based upon what they are seeing coming their way and in speaking with other well heeled investors sitting on large piles of cash who are watching the markets for entry points. I dont agree with him but he’s a very bright guy who is playing with his own cash.

I was speaking with a long time Hard Money lender from Carmel Valley yesterday. He and his buddies thinks this will all be over in the next 12 months. This is based upon what they are seeing coming their way and in speaking with other well heeled investors sitting on large piles of cash who are watching the markets for entry points. I dont agree with him but he’s a very bright guy who is playing with his own cash.