An incident happened at the party

[scaredyclassic]

Social pressure sucks. i get it too. You’d think I was guilty of child abuse for renting. i sometimes am tempted to tell my mother in law to shut the hell up. i assume at some point things will get bad enough that she’ll tunaround, forget everything she’s said, and congratualte me for being smart. Then it will definitely be safe to buy. So, for everyone trying to time the bottom, I’d wait until my mother-in-law becomes bearish.

Drink Heavily.

[cyphire]

I’m in somewhat the same boat, but luckily my wife understands the turmoil going on in the re market. We are renting in La Jolla, and she wants to paint the walls. I told her no way. It’s bad enough that we will probably have to replace the rugs (2 poorly trained dogs + very low end carpet which stains from anything getting on it)….

Anyway – she understands. But this Sunday’s paper showed a 12% drop in the south counties, but a 0% drop in the coastal central, that doesn’t look like a crash to me… I know that median prices are not a good measure, but where is the data? Why isn’t La Jolla and Carmel Valley not dropping according to the median? It sure looks to me that there are drops, but why is the price the same as last year?

Tell me so I can tell her!

[cyphire]

I’m in somewhat the same boat, but luckily my wife understands the turmoil going on in the re market. We are renting in La Jolla, and she wants to paint the walls. I told her no way. It’s bad enough that we will probably have to replace the rugs (2 poorly trained dogs + very low end carpet which stains from anything getting on it)….

Anyway – she understands. But this Sunday’s paper showed a 12% drop in the south counties, but a 0% drop in the coastal central, that doesn’t look like a crash to me… I know that median prices are not a good measure, but where is the data? Why isn’t La Jolla and Carmel Valley not dropping according to the median? It sure looks to me that there are drops, but why is the price the same as last year?

Tell me so I can tell her!

[cyphire]

I’m in somewhat the same boat, but luckily my wife understands the turmoil going on in the re market. We are renting in La Jolla, and she wants to paint the walls. I told her no way. It’s bad enough that we will probably have to replace the rugs (2 poorly trained dogs + very low end carpet which stains from anything getting on it)….

Anyway – she understands. But this Sunday’s paper showed a 12% drop in the south counties, but a 0% drop in the coastal central, that doesn’t look like a crash to me… I know that median prices are not a good measure, but where is the data? Why isn’t La Jolla and Carmel Valley not dropping according to the median? It sure looks to me that there are drops, but why is the price the same as last year?

Tell me so I can tell her!

[cyphire]

I’m in somewhat the same boat, but luckily my wife understands the turmoil going on in the re market. We are renting in La Jolla, and she wants to paint the walls. I told her no way. It’s bad enough that we will probably have to replace the rugs (2 poorly trained dogs + very low end carpet which stains from anything getting on it)….

Anyway – she understands. But this Sunday’s paper showed a 12% drop in the south counties, but a 0% drop in the coastal central, that doesn’t look like a crash to me… I know that median prices are not a good measure, but where is the data? Why isn’t La Jolla and Carmel Valley not dropping according to the median? It sure looks to me that there are drops, but why is the price the same as last year?

Tell me so I can tell her!

[cyphire]

I’m in somewhat the same boat, but luckily my wife understands the turmoil going on in the re market. We are renting in La Jolla, and she wants to paint the walls. I told her no way. It’s bad enough that we will probably have to replace the rugs (2 poorly trained dogs + very low end carpet which stains from anything getting on it)….

Anyway – she understands. But this Sunday’s paper showed a 12% drop in the south counties, but a 0% drop in the coastal central, that doesn’t look like a crash to me… I know that median prices are not a good measure, but where is the data? Why isn’t La Jolla and Carmel Valley not dropping according to the median? It sure looks to me that there are drops, but why is the price the same as last year?

Tell me so I can tell her!

[SD Realtor]

heheheheh –

We are in the same boat but mine is a smaller canoe in scripps while yours has a bit more horsepower in la jolla.

Come on now cyphire you know the answer to your question. LJ and CV have a stronger demand, less speculation, ratio-wise a much lower distress ratio then lower end or middle end areas, and homeowners that either have a strong equity stake, or are well employed and/or have not meandered into poor financing vehicles.

These factors do not absolve areas like CV and LJ, they just help them to be later players in the downward cycle. Indeed there have been foreclosures in both these areas but the demand is strong and homes that are price right or in distress move quick in these areas.

They will find thier way down the slip n slide but it will be towards the back end of the cycle.

SD Realtor

[SD Realtor]

heheheheh –

We are in the same boat but mine is a smaller canoe in scripps while yours has a bit more horsepower in la jolla.

Come on now cyphire you know the answer to your question. LJ and CV have a stronger demand, less speculation, ratio-wise a much lower distress ratio then lower end or middle end areas, and homeowners that either have a strong equity stake, or are well employed and/or have not meandered into poor financing vehicles.

These factors do not absolve areas like CV and LJ, they just help them to be later players in the downward cycle. Indeed there have been foreclosures in both these areas but the demand is strong and homes that are price right or in distress move quick in these areas.

They will find thier way down the slip n slide but it will be towards the back end of the cycle.

SD Realtor

[SD Realtor]

heheheheh –

We are in the same boat but mine is a smaller canoe in scripps while yours has a bit more horsepower in la jolla.

Come on now cyphire you know the answer to your question. LJ and CV have a stronger demand, less speculation, ratio-wise a much lower distress ratio then lower end or middle end areas, and homeowners that either have a strong equity stake, or are well employed and/or have not meandered into poor financing vehicles.

These factors do not absolve areas like CV and LJ, they just help them to be later players in the downward cycle. Indeed there have been foreclosures in both these areas but the demand is strong and homes that are price right or in distress move quick in these areas.

They will find thier way down the slip n slide but it will be towards the back end of the cycle.

SD Realtor

[SD Realtor]

heheheheh –

We are in the same boat but mine is a smaller canoe in scripps while yours has a bit more horsepower in la jolla.

Come on now cyphire you know the answer to your question. LJ and CV have a stronger demand, less speculation, ratio-wise a much lower distress ratio then lower end or middle end areas, and homeowners that either have a strong equity stake, or are well employed and/or have not meandered into poor financing vehicles.

These factors do not absolve areas like CV and LJ, they just help them to be later players in the downward cycle. Indeed there have been foreclosures in both these areas but the demand is strong and homes that are price right or in distress move quick in these areas.

They will find thier way down the slip n slide but it will be towards the back end of the cycle.

SD Realtor

[SD Realtor]

heheheheh –

We are in the same boat but mine is a smaller canoe in scripps while yours has a bit more horsepower in la jolla.

Come on now cyphire you know the answer to your question. LJ and CV have a stronger demand, less speculation, ratio-wise a much lower distress ratio then lower end or middle end areas, and homeowners that either have a strong equity stake, or are well employed and/or have not meandered into poor financing vehicles.

These factors do not absolve areas like CV and LJ, they just help them to be later players in the downward cycle. Indeed there have been foreclosures in both these areas but the demand is strong and homes that are price right or in distress move quick in these areas.

They will find thier way down the slip n slide but it will be towards the back end of the cycle.

SD Realtor

[murf2222]

“We are in the same boat but mine is a smaller canoe in scripps while yours has a bit more horsepower in la jolla.”………

Ditto here SD-R, but our boat is literally *A BOAT*…….a 38 footer on Shelter island to be exact.

We sold our house in the inland empire 4 years ago (too early) and bought the boat as a means of short-term housing. Well, a years worth of going to open houses just made me livid about how outta whack the prices were. I re-nigged on my 6 month plan and have been catching grief from the Mrs. ever since.

It’s only been since this summer that she finally realized that my predictions about the housing market imploding might actually be correct.

[murf2222]

“We are in the same boat but mine is a smaller canoe in scripps while yours has a bit more horsepower in la jolla.”………

Ditto here SD-R, but our boat is literally *A BOAT*…….a 38 footer on Shelter island to be exact.

We sold our house in the inland empire 4 years ago (too early) and bought the boat as a means of short-term housing. Well, a years worth of going to open houses just made me livid about how outta whack the prices were. I re-nigged on my 6 month plan and have been catching grief from the Mrs. ever since.

It’s only been since this summer that she finally realized that my predictions about the housing market imploding might actually be correct.

[murf2222]

“We are in the same boat but mine is a smaller canoe in scripps while yours has a bit more horsepower in la jolla.”………

Ditto here SD-R, but our boat is literally *A BOAT*…….a 38 footer on Shelter island to be exact.

We sold our house in the inland empire 4 years ago (too early) and bought the boat as a means of short-term housing. Well, a years worth of going to open houses just made me livid about how outta whack the prices were. I re-nigged on my 6 month plan and have been catching grief from the Mrs. ever since.

It’s only been since this summer that she finally realized that my predictions about the housing market imploding might actually be correct.

[murf2222]

“We are in the same boat but mine is a smaller canoe in scripps while yours has a bit more horsepower in la jolla.”………

Ditto here SD-R, but our boat is literally *A BOAT*…….a 38 footer on Shelter island to be exact.

We sold our house in the inland empire 4 years ago (too early) and bought the boat as a means of short-term housing. Well, a years worth of going to open houses just made me livid about how outta whack the prices were. I re-nigged on my 6 month plan and have been catching grief from the Mrs. ever since.

It’s only been since this summer that she finally realized that my predictions about the housing market imploding might actually be correct.

[Author]

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