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August 14, 2007 at 3:10 PM #9863August 14, 2007 at 3:24 PM #75170
cantab
Participantdown 30% already in SD
http://www.redfin.com/stingray/do/printable-listing?listing-id=857995
This house in City Heights is bank-owned by Wells Fargo and offered for $254,900. The sale history is enlightening:
04/24/2007 $300,715 -20.0%/yr
03/15/2006 $385,000 16.5%/yr
07/02/2003 $255,000 36.3%/yr
04/01/1999 $68,500 43.2%/yr
09/17/1998 $56,500 2.0%/yr
12/15/1994 $52,500 -19.6%/yr
11/02/1993 $66,955 -2.8%/yr
01/27/1989 $76,500 —At the previous peak of the market (late 1989) the house was worth perhaps $80K. At the bottom of the market in 1996 it fell to perhaps $50K, a decline of 38%. This is bigger than the average decline in San Diego, because this is (frankly!) a tiny shack in a bad neighborhood.
The house has already fallen by over 30% in the current decline, from $385K to $255K, which coincidentally is the July 2003 value. Any predictions how much further it will fall?
August 14, 2007 at 3:24 PM #75288Participantdown 30% already in SD
http://www.redfin.com/stingray/do/printable-listing?listing-id=857995
This house in City Heights is bank-owned by Wells Fargo and offered for $254,900. The sale history is enlightening:
04/24/2007 $300,715 -20.0%/yr
03/15/2006 $385,000 16.5%/yr
07/02/2003 $255,000 36.3%/yr
04/01/1999 $68,500 43.2%/yr
09/17/1998 $56,500 2.0%/yr
12/15/1994 $52,500 -19.6%/yr
11/02/1993 $66,955 -2.8%/yr
01/27/1989 $76,500 —At the previous peak of the market (late 1989) the house was worth perhaps $80K. At the bottom of the market in 1996 it fell to perhaps $50K, a decline of 38%. This is bigger than the average decline in San Diego, because this is (frankly!) a tiny shack in a bad neighborhood.
The house has already fallen by over 30% in the current decline, from $385K to $255K, which coincidentally is the July 2003 value. Any predictions how much further it will fall?
August 14, 2007 at 3:24 PM #75292Participantdown 30% already in SD
http://www.redfin.com/stingray/do/printable-listing?listing-id=857995
This house in City Heights is bank-owned by Wells Fargo and offered for $254,900. The sale history is enlightening:
04/24/2007 $300,715 -20.0%/yr
03/15/2006 $385,000 16.5%/yr
07/02/2003 $255,000 36.3%/yr
04/01/1999 $68,500 43.2%/yr
09/17/1998 $56,500 2.0%/yr
12/15/1994 $52,500 -19.6%/yr
11/02/1993 $66,955 -2.8%/yr
01/27/1989 $76,500 —At the previous peak of the market (late 1989) the house was worth perhaps $80K. At the bottom of the market in 1996 it fell to perhaps $50K, a decline of 38%. This is bigger than the average decline in San Diego, because this is (frankly!) a tiny shack in a bad neighborhood.
The house has already fallen by over 30% in the current decline, from $385K to $255K, which coincidentally is the July 2003 value. Any predictions how much further it will fall?
August 14, 2007 at 4:17 PM #75201Arraya
Participant385K for a 800 sqft home in City Heights! Here is what zillow says about CH.
# They tend to have a modest income relative to housing cost.
# There’s a higher percentage of people who work in food preparation or serving-related occupations.The CH residents can not afford that price. Maybe if you put the price in the 135-165K range. That house went up almost 800% in 10 years…
August 14, 2007 at 4:17 PM #75319Participant385K for a 800 sqft home in City Heights! Here is what zillow says about CH.
# They tend to have a modest income relative to housing cost.
# There’s a higher percentage of people who work in food preparation or serving-related occupations.The CH residents can not afford that price. Maybe if you put the price in the 135-165K range. That house went up almost 800% in 10 years…
August 14, 2007 at 4:17 PM #75321Participant385K for a 800 sqft home in City Heights! Here is what zillow says about CH.
# They tend to have a modest income relative to housing cost.
# There’s a higher percentage of people who work in food preparation or serving-related occupations.The CH residents can not afford that price. Maybe if you put the price in the 135-165K range. That house went up almost 800% in 10 years…
August 14, 2007 at 5:35 PM #75273JWM in SD
Participant“07/02/2003 $255,000 36.3%/yr
04/01/1999 $68,500 43.2%/yr”Anyone here still in doubt that M3 got out of control after 2001??? Really????
August 14, 2007 at 5:35 PM #75390Participant“07/02/2003 $255,000 36.3%/yr
04/01/1999 $68,500 43.2%/yr”Anyone here still in doubt that M3 got out of control after 2001??? Really????
August 14, 2007 at 5:35 PM #75393Participant“07/02/2003 $255,000 36.3%/yr
04/01/1999 $68,500 43.2%/yr”Anyone here still in doubt that M3 got out of control after 2001??? Really????
August 14, 2007 at 5:56 PM #75285Anonymous
GuestI think it would be hard for anyone who’s done their homework to have doubted that, especially recently.
edit: Maybe some have not understood what it meant though. Until about a year ago I would have probably thought it was a car.
August 14, 2007 at 5:56 PM #75402GuestI think it would be hard for anyone who’s done their homework to have doubted that, especially recently.
edit: Maybe some have not understood what it meant though. Until about a year ago I would have probably thought it was a car.
August 14, 2007 at 5:56 PM #75405GuestI think it would be hard for anyone who’s done their homework to have doubted that, especially recently.
edit: Maybe some have not understood what it meant though. Until about a year ago I would have probably thought it was a car.
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