2010 Predictions for High-End Housing Market

[clearfund]

ps: I am seeing some luxury homes coming in at 50% of their peak when bought in a new community with very little collective equity ($7mm home in the low $4mm – mid $3mm range).

These homes are racing towards the replacement cost of the structure which is typically $300/sf +/-depending on how ‘tricked out’ they got with their finishes and personalization.

[(former)FormerSanDiegan]

Im with UCGal, the 900k to 1.5 or 2M range will be dead. These were typically financed with Jumbo Loans to 2-income professional couples. These loan products are difficult to find these days.

The 1-2M market will be moribund.

The 2M + market probably depends more on where the stock market and local businesses are headed in 2010 and beyond.

[(former)FormerSanDiegan]

Im with UCGal, the 900k to 1.5 or 2M range will be dead. These were typically financed with Jumbo Loans to 2-income professional couples. These loan products are difficult to find these days.

The 1-2M market will be moribund.

The 2M + market probably depends more on where the stock market and local businesses are headed in 2010 and beyond.

[(former)FormerSanDiegan]

Im with UCGal, the 900k to 1.5 or 2M range will be dead. These were typically financed with Jumbo Loans to 2-income professional couples. These loan products are difficult to find these days.

The 1-2M market will be moribund.

The 2M + market probably depends more on where the stock market and local businesses are headed in 2010 and beyond.

[(former)FormerSanDiegan]

Im with UCGal, the 900k to 1.5 or 2M range will be dead. These were typically financed with Jumbo Loans to 2-income professional couples. These loan products are difficult to find these days.

The 1-2M market will be moribund.

The 2M + market probably depends more on where the stock market and local businesses are headed in 2010 and beyond.

[(former)FormerSanDiegan]

Im with UCGal, the 900k to 1.5 or 2M range will be dead. These were typically financed with Jumbo Loans to 2-income professional couples. These loan products are difficult to find these days.

The 1-2M market will be moribund.

The 2M + market probably depends more on where the stock market and local businesses are headed in 2010 and beyond.

[sdrealtor]

Agreed but I would put that at $1M to 2M. 900K is too low and 1.5M not high enough.

[sdrealtor]

Agreed but I would put that at $1M to 2M. 900K is too low and 1.5M not high enough.

[sdrealtor]

Agreed but I would put that at $1M to 2M. 900K is too low and 1.5M not high enough.

[sdrealtor]

Agreed but I would put that at $1M to 2M. 900K is too low and 1.5M not high enough.

[sdrealtor]

Agreed but I would put that at $1M to 2M. 900K is too low and 1.5M not high enough.

[Author]

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