[quote=deadzone][quote=sdrealtor]Not coppin out. Just struggling with disclosing a private information to someone I dont know. If I had met deadzone at a meetup or one of the longtime piggs could vouch for him, I’ll be all over it. I’m mulling it over and perhaps we could do it offline once the transaction closes.[/quote]
Regardless I don’ think there is any point to betting on a single property anyway. Cherry picking one particular property doesn’t change the fact that generally speaking prices are much more likely to go down in the next two years than up.
How about this for a bet: I say December 2012 Case Shiller for San Diego will be at least 10% lower than December 2010. Dinner at Donovans.[/quote]
deadzone,
You’ll have to join our table at Donovans.
Sdr and I have had this bet going for a couple of years now, IIRC. I bet him that we’d see 30-40% drops in our neighborhood/area by December 2012 (have it written down somewhere, but forgot the exact details at the moment). Sdr can buy us both dinner at the same time. You and I can gloat all night. 🙂
Of course, if he wins, we’ll have to let him gloat, too. 😉
BTW, I’ll be happy to confirm the property info and will report back if sdr’s buyer got 1999/2000 pricing. I don’t doubt it, to be honest; there have been a few deals to be had here and there. Also, I honestly don’t think his buyer will see losses IF he/she really got a 1999/2000 price on their purchase, and if it’s a custom home on a nice lot in a desirable area. I’m a bear, but can still acknowledge that some properties won’t drop much below 2000/20001 levels unless something **really bad** happens.
