- This topic has 150 replies, 11 voices, and was last updated 14 years, 9 months ago by Nor-LA-SD-guy.
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March 4, 2010 at 3:41 PM #521840March 4, 2010 at 3:51 PM #520926SD RealtorParticipant
Guys the I15 corridor is a nightmare right now. Yes the bounce in 92127-92131 zip codes has happened and averages between 5-10%. Inventory is very, I mean very stressed. Yes those people looking in these zip codes missed the bottom. My feeling is that when interest rates rise substantially we will see sanity return to these spots. I have many clients looking in these areas and some have thrown in the towel and are going to rent for another few years. Some have thrown in the towel and decided to bite the bullet and pay the price. It is a tough call to make. Those people claiming that unemployment and/or foreclosures will push these areas back to sane pricing levels are in my opinion incorrect. The demand in these locations is staggering for entry level homes. Now for higher end stuff it slacks a bit but still… Those looking to get into pq for under 500k… very tough call. There are some here and theres but not nearly what there was in late 2008.
March 4, 2010 at 3:51 PM #521068SD RealtorParticipantGuys the I15 corridor is a nightmare right now. Yes the bounce in 92127-92131 zip codes has happened and averages between 5-10%. Inventory is very, I mean very stressed. Yes those people looking in these zip codes missed the bottom. My feeling is that when interest rates rise substantially we will see sanity return to these spots. I have many clients looking in these areas and some have thrown in the towel and are going to rent for another few years. Some have thrown in the towel and decided to bite the bullet and pay the price. It is a tough call to make. Those people claiming that unemployment and/or foreclosures will push these areas back to sane pricing levels are in my opinion incorrect. The demand in these locations is staggering for entry level homes. Now for higher end stuff it slacks a bit but still… Those looking to get into pq for under 500k… very tough call. There are some here and theres but not nearly what there was in late 2008.
March 4, 2010 at 3:51 PM #521498SD RealtorParticipantGuys the I15 corridor is a nightmare right now. Yes the bounce in 92127-92131 zip codes has happened and averages between 5-10%. Inventory is very, I mean very stressed. Yes those people looking in these zip codes missed the bottom. My feeling is that when interest rates rise substantially we will see sanity return to these spots. I have many clients looking in these areas and some have thrown in the towel and are going to rent for another few years. Some have thrown in the towel and decided to bite the bullet and pay the price. It is a tough call to make. Those people claiming that unemployment and/or foreclosures will push these areas back to sane pricing levels are in my opinion incorrect. The demand in these locations is staggering for entry level homes. Now for higher end stuff it slacks a bit but still… Those looking to get into pq for under 500k… very tough call. There are some here and theres but not nearly what there was in late 2008.
March 4, 2010 at 3:51 PM #521592SD RealtorParticipantGuys the I15 corridor is a nightmare right now. Yes the bounce in 92127-92131 zip codes has happened and averages between 5-10%. Inventory is very, I mean very stressed. Yes those people looking in these zip codes missed the bottom. My feeling is that when interest rates rise substantially we will see sanity return to these spots. I have many clients looking in these areas and some have thrown in the towel and are going to rent for another few years. Some have thrown in the towel and decided to bite the bullet and pay the price. It is a tough call to make. Those people claiming that unemployment and/or foreclosures will push these areas back to sane pricing levels are in my opinion incorrect. The demand in these locations is staggering for entry level homes. Now for higher end stuff it slacks a bit but still… Those looking to get into pq for under 500k… very tough call. There are some here and theres but not nearly what there was in late 2008.
March 4, 2010 at 3:51 PM #521849SD RealtorParticipantGuys the I15 corridor is a nightmare right now. Yes the bounce in 92127-92131 zip codes has happened and averages between 5-10%. Inventory is very, I mean very stressed. Yes those people looking in these zip codes missed the bottom. My feeling is that when interest rates rise substantially we will see sanity return to these spots. I have many clients looking in these areas and some have thrown in the towel and are going to rent for another few years. Some have thrown in the towel and decided to bite the bullet and pay the price. It is a tough call to make. Those people claiming that unemployment and/or foreclosures will push these areas back to sane pricing levels are in my opinion incorrect. The demand in these locations is staggering for entry level homes. Now for higher end stuff it slacks a bit but still… Those looking to get into pq for under 500k… very tough call. There are some here and theres but not nearly what there was in late 2008.
March 4, 2010 at 4:08 PM #520941briansd1Guest[quote=Nor-LA-SD-guy]
Mainly I spend a lot of my free time in South OC, or Carlsbad which is about 40 miles either way for me. Downtown SD is not my cup of tea so not likely I go there much anyway. (not everyone works in Downtown SD)[/quote]We want to live and retire in Temecula. But you spend a lot of your free time in South OC and Carlsbad?
I’m wondering where you work. Do you work in LA?
March 4, 2010 at 4:08 PM #521083briansd1Guest[quote=Nor-LA-SD-guy]
Mainly I spend a lot of my free time in South OC, or Carlsbad which is about 40 miles either way for me. Downtown SD is not my cup of tea so not likely I go there much anyway. (not everyone works in Downtown SD)[/quote]We want to live and retire in Temecula. But you spend a lot of your free time in South OC and Carlsbad?
I’m wondering where you work. Do you work in LA?
March 4, 2010 at 4:08 PM #521513briansd1Guest[quote=Nor-LA-SD-guy]
Mainly I spend a lot of my free time in South OC, or Carlsbad which is about 40 miles either way for me. Downtown SD is not my cup of tea so not likely I go there much anyway. (not everyone works in Downtown SD)[/quote]We want to live and retire in Temecula. But you spend a lot of your free time in South OC and Carlsbad?
I’m wondering where you work. Do you work in LA?
March 4, 2010 at 4:08 PM #521607briansd1Guest[quote=Nor-LA-SD-guy]
Mainly I spend a lot of my free time in South OC, or Carlsbad which is about 40 miles either way for me. Downtown SD is not my cup of tea so not likely I go there much anyway. (not everyone works in Downtown SD)[/quote]We want to live and retire in Temecula. But you spend a lot of your free time in South OC and Carlsbad?
I’m wondering where you work. Do you work in LA?
March 4, 2010 at 4:08 PM #521864briansd1Guest[quote=Nor-LA-SD-guy]
Mainly I spend a lot of my free time in South OC, or Carlsbad which is about 40 miles either way for me. Downtown SD is not my cup of tea so not likely I go there much anyway. (not everyone works in Downtown SD)[/quote]We want to live and retire in Temecula. But you spend a lot of your free time in South OC and Carlsbad?
I’m wondering where you work. Do you work in LA?
March 4, 2010 at 4:44 PM #520946briansd1Guestteatsonabull, I think that you can get a nice house in the suburbs of Orlando or Tampa, FL. Under $300k you can get a newer house in a gated community just like in North County with a bigger backyard, of course.
March 4, 2010 at 4:44 PM #521088briansd1Guestteatsonabull, I think that you can get a nice house in the suburbs of Orlando or Tampa, FL. Under $300k you can get a newer house in a gated community just like in North County with a bigger backyard, of course.
March 4, 2010 at 4:44 PM #521518briansd1Guestteatsonabull, I think that you can get a nice house in the suburbs of Orlando or Tampa, FL. Under $300k you can get a newer house in a gated community just like in North County with a bigger backyard, of course.
March 4, 2010 at 4:44 PM #521612briansd1Guestteatsonabull, I think that you can get a nice house in the suburbs of Orlando or Tampa, FL. Under $300k you can get a newer house in a gated community just like in North County with a bigger backyard, of course.
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