[quote=5yearwaiter][quote=FormerSanDiegan]”…few expects this is the OLY BOTTOM for San Diego- this is kind of slogan I don’t want to hear compare to the currernt crisis.”
I’m sorry, I may be the only one, but I have no idea what is meant by this statement.
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My bad it was typo :
Few people expect This is the ONLY BOTTOM for San Diego – which means no more price decline further.[/quote]
I still don’t understand.
Are you saying that few people expect that this is the only bottom, therefore we are more likely to be at a bottom.
OR are you saying that few people expect that this is the bottom (and simply defining the bottom as nor further price decline)
I still don;t understand the rest of the stateme, even with the typos corrected.
“this is kind of slogan I don’t want to hear compare to the current crisis”
Anyway, as for the next 6 months :
I expect that the decline in dollar terms will slow and not be as steep between now and March 2009 as it was in the same period last year (Sept ’07 to March ’08), particularly for moderate priced areas (e.g. Clairemont Mira Mesa), simply because of the relationship of price to rent is coming in line with historical norms.
However, I’m guessing the higher end properties may see the largest declines of this housing cycle during the next 6 months.
