[quote=lifeisgood]I love this website for the different points of view on the housing market. I think it is hilarious that whenever there is a topic describing housing tumoil, it is always broad and hardly ever specific to San Diego. I really don’t care what is going on in Nevada or any other state for that matter. Any time there is an article written about the San Diego housing market stabilizing, a lot of people on this board tear it up and say that there is an endless amount of data against this idea. I’m not saying that we will see extreme increases in SD home values, but I am suggesting that there are a lot of areas of San Diego that have slightly increased in value or are stable. That is just the way it is. There are a ton of areas of San Diego that will not decrease in value any further and I believe that some of you can’t wrap your heads around this idea. I do not expect these areas to increase in value any time soon either. Lets face it, San Diego is not Las Vegas or Tampa or Orlando or Phoenix etc… We live in a City that is desirable and people are buying homes at the cyclic rate in our city. If the home is priced at market value, it will sell quickly. I also don’t believe that San Diego has a whole lot of ghost ivnentory left out there compared to the rest of the state/country. I do think that other parts of the country are not as fortunate. Just my opinion.[/quote]
I echo your sentiments, lifeisgood, and do not even consider myself “bullish.”
Whichever turns a particular RE market takes affects only that micro-market. Even in SD County, there are many micro-markets. I’ve said before that multiple foreclosures and short sales in 91915 (Chula Vista) for instance, has NOTHING to do with what’s going on over in (nearby) Coronado. The sellers and buyers in these two markets are vastly different from one another as is the desirability factors of the particular homes/areas within them.
