40% decline? – What do you think?

[kewp]

All these projections are assuming the housing bust has no effect on the economy. Given that much of the economic growth of the last decade was due to the housing bubble to begin with, I don’t see how it can remain in its absence.

[DWCAP]

http://www.sdlookup.com/Property-55FF1F5D-10258_Black_Mountain_Rd_147_San_Diego_CA_92126

Condo’s in most of SD are already there. Next will be the duplexes and least desirable areas, and last will be the middle income areas. I dont know if the nicest areas will see 40% off. Maybe itll be worse, maybe better, but any way it goes housing prices are going down in CA for the rest of the year.
Considering that 10% of Americans live in Ca, it isnt going up nationally either.

I kinda keep wondering why they keep citing Yun in these pieces. This guy has been forcasting a bottom since 2006 and is still wrong. I mean how many years does it take to just stop using him and his misplaced predictions? Two years? Three? Ask Rich, ask any Wall Street house, hell, ask Paulson or BB. BUT PLEASE national media, please stop citing someone who doesnt know the difference between a home and a hole in your wallet.

[DWCAP]

http://www.sdlookup.com/Property-55FF1F5D-10258_Black_Mountain_Rd_147_San_Diego_CA_92126

Condo’s in most of SD are already there. Next will be the duplexes and least desirable areas, and last will be the middle income areas. I dont know if the nicest areas will see 40% off. Maybe itll be worse, maybe better, but any way it goes housing prices are going down in CA for the rest of the year.
Considering that 10% of Americans live in Ca, it isnt going up nationally either.

I kinda keep wondering why they keep citing Yun in these pieces. This guy has been forcasting a bottom since 2006 and is still wrong. I mean how many years does it take to just stop using him and his misplaced predictions? Two years? Three? Ask Rich, ask any Wall Street house, hell, ask Paulson or BB. BUT PLEASE national media, please stop citing someone who doesnt know the difference between a home and a hole in your wallet.

[DWCAP]

http://www.sdlookup.com/Property-55FF1F5D-10258_Black_Mountain_Rd_147_San_Diego_CA_92126

Condo’s in most of SD are already there. Next will be the duplexes and least desirable areas, and last will be the middle income areas. I dont know if the nicest areas will see 40% off. Maybe itll be worse, maybe better, but any way it goes housing prices are going down in CA for the rest of the year.
Considering that 10% of Americans live in Ca, it isnt going up nationally either.

I kinda keep wondering why they keep citing Yun in these pieces. This guy has been forcasting a bottom since 2006 and is still wrong. I mean how many years does it take to just stop using him and his misplaced predictions? Two years? Three? Ask Rich, ask any Wall Street house, hell, ask Paulson or BB. BUT PLEASE national media, please stop citing someone who doesnt know the difference between a home and a hole in your wallet.

[DWCAP]

http://www.sdlookup.com/Property-55FF1F5D-10258_Black_Mountain_Rd_147_San_Diego_CA_92126

Condo’s in most of SD are already there. Next will be the duplexes and least desirable areas, and last will be the middle income areas. I dont know if the nicest areas will see 40% off. Maybe itll be worse, maybe better, but any way it goes housing prices are going down in CA for the rest of the year.
Considering that 10% of Americans live in Ca, it isnt going up nationally either.

I kinda keep wondering why they keep citing Yun in these pieces. This guy has been forcasting a bottom since 2006 and is still wrong. I mean how many years does it take to just stop using him and his misplaced predictions? Two years? Three? Ask Rich, ask any Wall Street house, hell, ask Paulson or BB. BUT PLEASE national media, please stop citing someone who doesnt know the difference between a home and a hole in your wallet.

[DWCAP]

http://www.sdlookup.com/Property-55FF1F5D-10258_Black_Mountain_Rd_147_San_Diego_CA_92126

Condo’s in most of SD are already there. Next will be the duplexes and least desirable areas, and last will be the middle income areas. I dont know if the nicest areas will see 40% off. Maybe itll be worse, maybe better, but any way it goes housing prices are going down in CA for the rest of the year.
Considering that 10% of Americans live in Ca, it isnt going up nationally either.

I kinda keep wondering why they keep citing Yun in these pieces. This guy has been forcasting a bottom since 2006 and is still wrong. I mean how many years does it take to just stop using him and his misplaced predictions? Two years? Three? Ask Rich, ask any Wall Street house, hell, ask Paulson or BB. BUT PLEASE national media, please stop citing someone who doesnt know the difference between a home and a hole in your wallet.

[jpinpb]

Wow! That’s quite an impressive drop. I probably shouldn’t take such glee, but that made my day.

Maybe we should start selling parachutes.

[jpinpb]

Wow! That’s quite an impressive drop. I probably shouldn’t take such glee, but that made my day.

Maybe we should start selling parachutes.

[jpinpb]

Wow! That’s quite an impressive drop. I probably shouldn’t take such glee, but that made my day.

Maybe we should start selling parachutes.

[jpinpb]

Wow! That’s quite an impressive drop. I probably shouldn’t take such glee, but that made my day.

Maybe we should start selling parachutes.

[jpinpb]

Wow! That’s quite an impressive drop. I probably shouldn’t take such glee, but that made my day.

Maybe we should start selling parachutes.

[peterb]

Historically, median home prices in SD county have been around 7 times annual median income. Given the economic conditions of stagflation, restrictive credit and increasing unemployment, this multiple may swing lower towards the national historical average of 4 or 5 times annual income. At today’s prices, we are still about 11 times annual income. So seeing a 40% reduction seems completely possible by 2009. Especially with the current speed of the price reductions we’ve been seeing since June 2007.

[peterb]

Historically, median home prices in SD county have been around 7 times annual median income. Given the economic conditions of stagflation, restrictive credit and increasing unemployment, this multiple may swing lower towards the national historical average of 4 or 5 times annual income. At today’s prices, we are still about 11 times annual income. So seeing a 40% reduction seems completely possible by 2009. Especially with the current speed of the price reductions we’ve been seeing since June 2007.

[peterb]

Historically, median home prices in SD county have been around 7 times annual median income. Given the economic conditions of stagflation, restrictive credit and increasing unemployment, this multiple may swing lower towards the national historical average of 4 or 5 times annual income. At today’s prices, we are still about 11 times annual income. So seeing a 40% reduction seems completely possible by 2009. Especially with the current speed of the price reductions we’ve been seeing since June 2007.

[peterb]

Historically, median home prices in SD county have been around 7 times annual median income. Given the economic conditions of stagflation, restrictive credit and increasing unemployment, this multiple may swing lower towards the national historical average of 4 or 5 times annual income. At today’s prices, we are still about 11 times annual income. So seeing a 40% reduction seems completely possible by 2009. Especially with the current speed of the price reductions we’ve been seeing since June 2007.

[Author]

Posts