[quote=Nor-LA-SD-GUY2]It’s still the same problem we had 2008 and 2009.
Nothing has changed much, no one wants to talk about it either.
it’s still the same problem, HOUSING !!
In CA approx. 30 % of home owners with a mortgage owe about 100K more than they can sell for, sorry you just cannot have an economic recovery in conditions like that.
It’s just not the underwaters it’s also everyone who paid more than what they can sell or just feel they should get more it’s an emotional thing, they are just going to sit and save because they feel bad.[/quote]
I agree with this, Nor-LA. Based on my “weekend analysis” of recent solds in my area, I have come to the conclusion that I can’t currently get the (2001) price I paid for my property (upon sale)! Let alone pay a co-broke commission. And it needs some repairs done. I used a 30% downpayment so this “psychological paper loss” is MY $$!! You damn right I’m just “sitting and saving” …. all that I can!
Even if I currently had an extra $5-$20K for repairs/improvements that I would like to enjoy while I still own it, I would just be throwing this $$ out the window….. sad, so VERY sad.
I’m planning on selling and moving away from SD County to “retire” in 2014 after living here nearly all of my adult life. It’s not what it used to be.
