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  • April 19, 2009 at 2:45 PM #384836
    Coronita
    Participant

    [quote=Rt.66]This just in:

    Fly-over country can’t fall to 1 x earnings (Detroit at 2.5 MONTHS x earnings right now)

    Investors can always cash flow if they purchase at 2.5 x earnings or less.

    Lot prices and building costs can’t come down.

    It’s different here.

    LJ and Carlsbad are no longer coastal.

    SDEngineer has not seen ANY sign of the shadow inventory hitting the market. Its now safe to assume it never will and must simply evaporate into thin air leaving housing values un-affected by the magnitude of its enormity.[/quote]

    You know what Scarlet, you’re right. I think $165k for La Jolla would be good pricing. Best wishes with your house hunting and welcome to san diego.

    April 19, 2009 at 11:04 PM #384404
    (former)FormerSanDiegan
    Participant

    [quote=Rt.66]

    I’ll beat your $165k challenge. Hows about we start at $150k in SD?

    Right now today I have 52 homes for $150k or less in SD to choose from. And that’s excluding condos! Sure at this point they are not the cream of the crop obviously. And I really should not have to explain that SD will have that crazy averages thing happening, so yes coastal SD will be higher than inland, duh.

    To assume I meant La Jolla or Carlsbad would have a median of $165k when I say “SD will have a median of $165k” is just more RE Bear word games.

    [/quote]

    52 homes for 150K or less is a long way from a median of 165K.
    About 7,000 homes away in fact.

    Emotional ? Provocative ? Passionate ?
    Yes.

    Correct ?
    Maybe

    Analytically precise ?
    No.

    April 19, 2009 at 11:04 PM #384675
    (former)FormerSanDiegan
    Participant

    [quote=Rt.66]

    I’ll beat your $165k challenge. Hows about we start at $150k in SD?

    Right now today I have 52 homes for $150k or less in SD to choose from. And that’s excluding condos! Sure at this point they are not the cream of the crop obviously. And I really should not have to explain that SD will have that crazy averages thing happening, so yes coastal SD will be higher than inland, duh.

    To assume I meant La Jolla or Carlsbad would have a median of $165k when I say “SD will have a median of $165k” is just more RE Bear word games.

    [/quote]

    52 homes for 150K or less is a long way from a median of 165K.
    About 7,000 homes away in fact.

    Emotional ? Provocative ? Passionate ?
    Yes.

    Correct ?
    Maybe

    Analytically precise ?
    No.

    April 19, 2009 at 11:04 PM #384871
    (former)FormerSanDiegan
    Participant

    [quote=Rt.66]

    I’ll beat your $165k challenge. Hows about we start at $150k in SD?

    Right now today I have 52 homes for $150k or less in SD to choose from. And that’s excluding condos! Sure at this point they are not the cream of the crop obviously. And I really should not have to explain that SD will have that crazy averages thing happening, so yes coastal SD will be higher than inland, duh.

    To assume I meant La Jolla or Carlsbad would have a median of $165k when I say “SD will have a median of $165k” is just more RE Bear word games.

    [/quote]

    52 homes for 150K or less is a long way from a median of 165K.
    About 7,000 homes away in fact.

    Emotional ? Provocative ? Passionate ?
    Yes.

    Correct ?
    Maybe

    Analytically precise ?
    No.

    April 19, 2009 at 11:04 PM #384920
    (former)FormerSanDiegan
    Participant

    [quote=Rt.66]

    I’ll beat your $165k challenge. Hows about we start at $150k in SD?

    Right now today I have 52 homes for $150k or less in SD to choose from. And that’s excluding condos! Sure at this point they are not the cream of the crop obviously. And I really should not have to explain that SD will have that crazy averages thing happening, so yes coastal SD will be higher than inland, duh.

    To assume I meant La Jolla or Carlsbad would have a median of $165k when I say “SD will have a median of $165k” is just more RE Bear word games.

    [/quote]

    52 homes for 150K or less is a long way from a median of 165K.
    About 7,000 homes away in fact.

    Emotional ? Provocative ? Passionate ?
    Yes.

    Correct ?
    Maybe

    Analytically precise ?
    No.

    April 19, 2009 at 11:04 PM #385057
    (former)FormerSanDiegan
    Participant

    [quote=Rt.66]

    I’ll beat your $165k challenge. Hows about we start at $150k in SD?

    Right now today I have 52 homes for $150k or less in SD to choose from. And that’s excluding condos! Sure at this point they are not the cream of the crop obviously. And I really should not have to explain that SD will have that crazy averages thing happening, so yes coastal SD will be higher than inland, duh.

    To assume I meant La Jolla or Carlsbad would have a median of $165k when I say “SD will have a median of $165k” is just more RE Bear word games.

    [/quote]

    52 homes for 150K or less is a long way from a median of 165K.
    About 7,000 homes away in fact.

    Emotional ? Provocative ? Passionate ?
    Yes.

    Correct ?
    Maybe

    Analytically precise ?
    No.

    April 20, 2009 at 9:54 AM #384487
    Nor-LA-SD-guy
    Participant

    When I say I want to buy a Carlsbad mc-mansion at 50% off peak (around 400K my guess).

    Make no mistake, It’s not because I think that is a market or fair price, and I know full well I am profiting at someone else’s expense/distress (maybe they deserved it maybe not).

    Just like no one should mistake 220-250K for a 2500-3000 sqf T.V. home as a fair or market price or that it is just or fair.
    .
    OK enough said.

    April 20, 2009 at 9:54 AM #384758
    Nor-LA-SD-guy
    Participant

    When I say I want to buy a Carlsbad mc-mansion at 50% off peak (around 400K my guess).

    Make no mistake, It’s not because I think that is a market or fair price, and I know full well I am profiting at someone else’s expense/distress (maybe they deserved it maybe not).

    Just like no one should mistake 220-250K for a 2500-3000 sqf T.V. home as a fair or market price or that it is just or fair.
    .
    OK enough said.

    April 20, 2009 at 9:54 AM #384956
    Nor-LA-SD-guy
    Participant

    When I say I want to buy a Carlsbad mc-mansion at 50% off peak (around 400K my guess).

    Make no mistake, It’s not because I think that is a market or fair price, and I know full well I am profiting at someone else’s expense/distress (maybe they deserved it maybe not).

    Just like no one should mistake 220-250K for a 2500-3000 sqf T.V. home as a fair or market price or that it is just or fair.
    .
    OK enough said.

    April 20, 2009 at 9:54 AM #385004
    Nor-LA-SD-guy
    Participant

    When I say I want to buy a Carlsbad mc-mansion at 50% off peak (around 400K my guess).

    Make no mistake, It’s not because I think that is a market or fair price, and I know full well I am profiting at someone else’s expense/distress (maybe they deserved it maybe not).

    Just like no one should mistake 220-250K for a 2500-3000 sqf T.V. home as a fair or market price or that it is just or fair.
    .
    OK enough said.

    April 20, 2009 at 9:54 AM #385142
    Nor-LA-SD-guy
    Participant

    When I say I want to buy a Carlsbad mc-mansion at 50% off peak (around 400K my guess).

    Make no mistake, It’s not because I think that is a market or fair price, and I know full well I am profiting at someone else’s expense/distress (maybe they deserved it maybe not).

    Just like no one should mistake 220-250K for a 2500-3000 sqf T.V. home as a fair or market price or that it is just or fair.
    .
    OK enough said.

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