[quote=sdrealtor]The markets did not collapse. Nicer parts of SD went down just over 20%. He said at peak but fine to but if you’re gonna live in it long term. 15 years later prices are double what they were in 07. The 50% decline was in low end and skewed because it was heavily weighted toward distressed sales. [/quote]
So you’ve just:
a) chosen a submarket (“nicer parts”) to bolster your position instead of the overall market, and
b) given a reason why what I said is correct (“distressed sales”)
His original post:
[quote=scruffydog]
Real Estate
Minimal RE downturn in CA is limited to areas where there was land to build new houses: ie San Diego, Sacramento, and Riverside county areas.
[/quote]
He said there would be minimal RE downturn in San Diego. Clearly without stuttering.
(sorry I posted the condo chart in last post, meant to show detached houses)
The median house price dropped from $517K in Nov 2005 to $280K in Jan 2009!!
And the price per SF dropped well over 40%!!
Neither of those numbers are a “minimal RE downturn”, sorry. Not buying it.
