Menu

Home › Forums › Housing › Affordibility Returns

Viewing 15 posts - 31 through 45 (of 81 total)
1 2 3 4 5 6
  • Author
    Posts
  • July 20, 2008 at 9:25 PM #243466
    PadreBrian
    Participant

    Del Mar & La Jolla have ALWAYS been expensive. You might see a little drop, but nothing major.

    It’s just the way life is. Even in communist USSR in the heights of the cold war, certain property was valued more than others.

    July 20, 2008 at 9:52 PM #243697
    temeculaguy
    Participant

    I’m not saying that La Jolla or Del Mar wont always be expensive in relative terms but they can’t maintain being out of whack with Del Mar and La Jolla incomes. In past busts they fell similar percentages to the rest of the county, everything is connected but it’s not immediately connected, it takes time to spread.

    July 20, 2008 at 9:52 PM #243705
    temeculaguy
    Participant

    I’m not saying that La Jolla or Del Mar wont always be expensive in relative terms but they can’t maintain being out of whack with Del Mar and La Jolla incomes. In past busts they fell similar percentages to the rest of the county, everything is connected but it’s not immediately connected, it takes time to spread.

    July 20, 2008 at 9:52 PM #243491
    temeculaguy
    Participant

    I’m not saying that La Jolla or Del Mar wont always be expensive in relative terms but they can’t maintain being out of whack with Del Mar and La Jolla incomes. In past busts they fell similar percentages to the rest of the county, everything is connected but it’s not immediately connected, it takes time to spread.

    July 20, 2008 at 9:52 PM #243643
    temeculaguy
    Participant

    I’m not saying that La Jolla or Del Mar wont always be expensive in relative terms but they can’t maintain being out of whack with Del Mar and La Jolla incomes. In past busts they fell similar percentages to the rest of the county, everything is connected but it’s not immediately connected, it takes time to spread.

    July 20, 2008 at 9:52 PM #243634
    temeculaguy
    Participant

    I’m not saying that La Jolla or Del Mar wont always be expensive in relative terms but they can’t maintain being out of whack with Del Mar and La Jolla incomes. In past busts they fell similar percentages to the rest of the county, everything is connected but it’s not immediately connected, it takes time to spread.

    July 20, 2008 at 10:59 PM #243669
    sdrealtor
    Participant

    The problem with comparing LJ or DM prices with incomes is that many of these folks are retired with low incomes relative to their assets.

    July 20, 2008 at 10:59 PM #243676
    sdrealtor
    Participant

    The problem with comparing LJ or DM prices with incomes is that many of these folks are retired with low incomes relative to their assets.

    July 20, 2008 at 10:59 PM #243732
    sdrealtor
    Participant

    The problem with comparing LJ or DM prices with incomes is that many of these folks are retired with low incomes relative to their assets.

    July 20, 2008 at 10:59 PM #243527
    sdrealtor
    Participant

    The problem with comparing LJ or DM prices with incomes is that many of these folks are retired with low incomes relative to their assets.

    July 20, 2008 at 10:59 PM #243739
    sdrealtor
    Participant

    The problem with comparing LJ or DM prices with incomes is that many of these folks are retired with low incomes relative to their assets.

    July 21, 2008 at 11:10 AM #243736
    Ren
    Participant

    [quote=temeculaguy]I’m not saying that La Jolla or Del Mar wont always be expensive in relative terms but they can’t maintain being out of whack with Del Mar and La Jolla incomes. In past busts they fell similar percentages to the rest of the county, everything is connected but it’s not immediately connected, it takes time to spread. [/quote]

    Exactly. The La Jolla median has tanked in the last year. Whether current real-world sale price reductions there are that extreme, I don’t know, but it wouldn’t surprise me to see an end result of 40-50% off the peak in the next few years. That’s in line with the percent drop for inland areas, and will still leave coastal properties much more expensive than inland.

    During the boom, the koolaid was that prices would never come down. Then it was that they would come down, but not in the desirable coastal areas. Now it’s that they will come down in the coastal areas, but hardly at all.

    Keep drinking.

    July 21, 2008 at 11:10 AM #243949
    Ren
    Participant

    [quote=temeculaguy]I’m not saying that La Jolla or Del Mar wont always be expensive in relative terms but they can’t maintain being out of whack with Del Mar and La Jolla incomes. In past busts they fell similar percentages to the rest of the county, everything is connected but it’s not immediately connected, it takes time to spread. [/quote]

    Exactly. The La Jolla median has tanked in the last year. Whether current real-world sale price reductions there are that extreme, I don’t know, but it wouldn’t surprise me to see an end result of 40-50% off the peak in the next few years. That’s in line with the percent drop for inland areas, and will still leave coastal properties much more expensive than inland.

    During the boom, the koolaid was that prices would never come down. Then it was that they would come down, but not in the desirable coastal areas. Now it’s that they will come down in the coastal areas, but hardly at all.

    Keep drinking.

    July 21, 2008 at 11:10 AM #243942
    Ren
    Participant

    [quote=temeculaguy]I’m not saying that La Jolla or Del Mar wont always be expensive in relative terms but they can’t maintain being out of whack with Del Mar and La Jolla incomes. In past busts they fell similar percentages to the rest of the county, everything is connected but it’s not immediately connected, it takes time to spread. [/quote]

    Exactly. The La Jolla median has tanked in the last year. Whether current real-world sale price reductions there are that extreme, I don’t know, but it wouldn’t surprise me to see an end result of 40-50% off the peak in the next few years. That’s in line with the percent drop for inland areas, and will still leave coastal properties much more expensive than inland.

    During the boom, the koolaid was that prices would never come down. Then it was that they would come down, but not in the desirable coastal areas. Now it’s that they will come down in the coastal areas, but hardly at all.

    Keep drinking.

    July 21, 2008 at 11:10 AM #243888
    Ren
    Participant

    [quote=temeculaguy]I’m not saying that La Jolla or Del Mar wont always be expensive in relative terms but they can’t maintain being out of whack with Del Mar and La Jolla incomes. In past busts they fell similar percentages to the rest of the county, everything is connected but it’s not immediately connected, it takes time to spread. [/quote]

    Exactly. The La Jolla median has tanked in the last year. Whether current real-world sale price reductions there are that extreme, I don’t know, but it wouldn’t surprise me to see an end result of 40-50% off the peak in the next few years. That’s in line with the percent drop for inland areas, and will still leave coastal properties much more expensive than inland.

    During the boom, the koolaid was that prices would never come down. Then it was that they would come down, but not in the desirable coastal areas. Now it’s that they will come down in the coastal areas, but hardly at all.

    Keep drinking.

  • Author
    Posts
Viewing 15 posts - 31 through 45 (of 81 total)
1 2 3 4 5 6
  • You must be logged in to reply to this topic.