This has been a frustrating time for my wife and I. We have been waiting for the anticipated fall in the 92024 and 92009 areas and have not seen the drops expected.
SDR, in your opinion in this price range in Encinitas and south Carlsbad you do not expect to see much more in the way of declines between now and next fall?
I have been putting my wife off for the past 2 yrs by convincing her that these areas still have a way to go. I selfishly hope that prices still have atleast another 10-15% to go. If not I maybe a single man again soon! :0
I had really hoped we could get into places that were selling for $800-850 in 05-06 for $650-700.
My thought has been and still is that there is more to come as the lay offs start gaining momentum. I am an owner of a family run granite business and we have laid off most of our staff due to an at least 50% reduction in business from 06. I know of many shops that have closed thier doors and many more that are on the edge. I think this is very typical of most in any trade related to housing.
There is however a positive side to this… the weak are the hacks are culled from the herd. Something that needed to happen.
