[quote=sdrealtor]
BTW, the coast has been in decline for at least 2 years it just has been alot more orderly. Personally, my home is down just over 20% which amounts to about 200K from its peak potential. That’s not just getting started.
[/quote]
In terms of time, I believe it is just getting started. I don’t think it will be as steep a decline as it has been, and I don’t think it will be more than another 20%, but that wouldn’t surprise me.
[quote]
Lastly, you are backpeddling. Here’s your original quote.
“I just can’t see any reason why they won’t end up at $400-500k.”
To me that says $450,000. Now you are trying to say they’ll go down to the 500’s which while I feel is very unlikely, I certainly wouldnt rule out as impossible. One again the difference between 575 and 450 is HUUUGGEEE!
[/quote]
I believe what I said was this – homes that were going for $300-400k (I’m referring to homes that actually cost that much in a finished state) in the late 90’s will end up at $400-500k. I stand by that, and I can see $400-$500k homes reaching the $500’s again. To use percentages instead, maybe another 15-20% on the coast, in the next 2-3 years.
For posterity, what’s your prediction?
[quote]
I’d add real data not made up manipulated data.
[/quote]
I hope you weren’t referring to my posts – I’ve posted only actual sales, comps, and my own predictions. Nothing more.
