Apparently SD is UNDERvalued right now, by alot

[Bob]

As others have pointed out, this article is garbage and not worth responding to.

[ocrenter]

[quote=Bob]As others have pointed out, this article is garbage and not worth responding to.[/quote]

well, it isn’t all that worthless.

if one understands that majority of SD’s sales are foreclosures in first wave subprime regions, and that this study/article represent such subset of properties, then it is worthwhile.

unfortunately most readers of the UT doesn’t understand that and will apply this study’s conclusion to places like Carmel Valley, where 2nd wave option ARM and prime defaults have just started gathering strength.

[ocrenter]

[quote=Bob]As others have pointed out, this article is garbage and not worth responding to.[/quote]

well, it isn’t all that worthless.

if one understands that majority of SD’s sales are foreclosures in first wave subprime regions, and that this study/article represent such subset of properties, then it is worthwhile.

unfortunately most readers of the UT doesn’t understand that and will apply this study’s conclusion to places like Carmel Valley, where 2nd wave option ARM and prime defaults have just started gathering strength.

[ocrenter]

[quote=Bob]As others have pointed out, this article is garbage and not worth responding to.[/quote]

well, it isn’t all that worthless.

if one understands that majority of SD’s sales are foreclosures in first wave subprime regions, and that this study/article represent such subset of properties, then it is worthwhile.

unfortunately most readers of the UT doesn’t understand that and will apply this study’s conclusion to places like Carmel Valley, where 2nd wave option ARM and prime defaults have just started gathering strength.

[ocrenter]

[quote=Bob]As others have pointed out, this article is garbage and not worth responding to.[/quote]

well, it isn’t all that worthless.

if one understands that majority of SD’s sales are foreclosures in first wave subprime regions, and that this study/article represent such subset of properties, then it is worthwhile.

unfortunately most readers of the UT doesn’t understand that and will apply this study’s conclusion to places like Carmel Valley, where 2nd wave option ARM and prime defaults have just started gathering strength.

[ocrenter]

[quote=Bob]As others have pointed out, this article is garbage and not worth responding to.[/quote]

well, it isn’t all that worthless.

if one understands that majority of SD’s sales are foreclosures in first wave subprime regions, and that this study/article represent such subset of properties, then it is worthwhile.

unfortunately most readers of the UT doesn’t understand that and will apply this study’s conclusion to places like Carmel Valley, where 2nd wave option ARM and prime defaults have just started gathering strength.

[(former)FormerSanDiegan]

[quote=ocrenter][quote=Bob]As others have pointed out, this article is garbage and not worth responding to.[/quote]

well, it isn’t all that worthless.

if one understands that majority of SD’s sales are foreclosures in first wave subprime regions, and that this study/article represent such subset of properties, then it is worthwhile.

unfortunately most readers of the UT doesn’t understand that and will apply this study’s conclusion to places like Carmel Valley, where 2nd wave option ARM and prime defaults have just started gathering strength.[/quote]

Nicely said. Also, I don’t think we would disagree that much with their overvaluation metric in 2005. It is quite possible that according to median index that prices are at a bottom, but those who understand the market dynamics and mix of sales would interpret differently than perhaps a layman would.

[(former)FormerSanDiegan]

[quote=ocrenter][quote=Bob]As others have pointed out, this article is garbage and not worth responding to.[/quote]

well, it isn’t all that worthless.

if one understands that majority of SD’s sales are foreclosures in first wave subprime regions, and that this study/article represent such subset of properties, then it is worthwhile.

unfortunately most readers of the UT doesn’t understand that and will apply this study’s conclusion to places like Carmel Valley, where 2nd wave option ARM and prime defaults have just started gathering strength.[/quote]

Nicely said. Also, I don’t think we would disagree that much with their overvaluation metric in 2005. It is quite possible that according to median index that prices are at a bottom, but those who understand the market dynamics and mix of sales would interpret differently than perhaps a layman would.

[(former)FormerSanDiegan]

[quote=ocrenter][quote=Bob]As others have pointed out, this article is garbage and not worth responding to.[/quote]

well, it isn’t all that worthless.

if one understands that majority of SD’s sales are foreclosures in first wave subprime regions, and that this study/article represent such subset of properties, then it is worthwhile.

unfortunately most readers of the UT doesn’t understand that and will apply this study’s conclusion to places like Carmel Valley, where 2nd wave option ARM and prime defaults have just started gathering strength.[/quote]

Nicely said. Also, I don’t think we would disagree that much with their overvaluation metric in 2005. It is quite possible that according to median index that prices are at a bottom, but those who understand the market dynamics and mix of sales would interpret differently than perhaps a layman would.

[(former)FormerSanDiegan]

[quote=ocrenter][quote=Bob]As others have pointed out, this article is garbage and not worth responding to.[/quote]

well, it isn’t all that worthless.

if one understands that majority of SD’s sales are foreclosures in first wave subprime regions, and that this study/article represent such subset of properties, then it is worthwhile.

unfortunately most readers of the UT doesn’t understand that and will apply this study’s conclusion to places like Carmel Valley, where 2nd wave option ARM and prime defaults have just started gathering strength.[/quote]

Nicely said. Also, I don’t think we would disagree that much with their overvaluation metric in 2005. It is quite possible that according to median index that prices are at a bottom, but those who understand the market dynamics and mix of sales would interpret differently than perhaps a layman would.

[(former)FormerSanDiegan]

[quote=ocrenter][quote=Bob]As others have pointed out, this article is garbage and not worth responding to.[/quote]

well, it isn’t all that worthless.

if one understands that majority of SD’s sales are foreclosures in first wave subprime regions, and that this study/article represent such subset of properties, then it is worthwhile.

unfortunately most readers of the UT doesn’t understand that and will apply this study’s conclusion to places like Carmel Valley, where 2nd wave option ARM and prime defaults have just started gathering strength.[/quote]

Nicely said. Also, I don’t think we would disagree that much with their overvaluation metric in 2005. It is quite possible that according to median index that prices are at a bottom, but those who understand the market dynamics and mix of sales would interpret differently than perhaps a layman would.

[sdrealtor]

FSD,
Exactly! Its important to understand the metrric quoted and we could very well have hit a bottom in the median without being close to a bottom in prices due to the sales mix being heavily skewed to the low end. Its kind of like last year when I called a bottom on sales volume and people went nuts around here.

[sdrealtor]

FSD,
Exactly! Its important to understand the metrric quoted and we could very well have hit a bottom in the median without being close to a bottom in prices due to the sales mix being heavily skewed to the low end. Its kind of like last year when I called a bottom on sales volume and people went nuts around here.

[sdrealtor]

FSD,
Exactly! Its important to understand the metrric quoted and we could very well have hit a bottom in the median without being close to a bottom in prices due to the sales mix being heavily skewed to the low end. Its kind of like last year when I called a bottom on sales volume and people went nuts around here.

[sdrealtor]

FSD,
Exactly! Its important to understand the metrric quoted and we could very well have hit a bottom in the median without being close to a bottom in prices due to the sales mix being heavily skewed to the low end. Its kind of like last year when I called a bottom on sales volume and people went nuts around here.

[Author]

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