Certain distressed properties may be close to average bottom prices, but we are no where near a bottom.
In CA jobs are being slashed, which even without a crashing market would drive prices down.
Then there’s the market mentality. Expect to see a reversal the euphoria we saw during the bubble, as people start to realize this is going to take a while and jump ship en masse.
The only bottom that matters is the the bottom for the house you want. There are dettached homes in Escondido in the mid 100’s already. How much further do you think they’ll go?
The only bottom that matters is the the bottom for the house you want. There are dettached homes in Escondido in the mid 100’s already. How much further do you think they’ll go?
The only bottom that matters is the the bottom for the house you want. There are dettached homes in Escondido in the mid 100’s already. How much further do you think they’ll go?
The only bottom that matters is the the bottom for the house you want. There are dettached homes in Escondido in the mid 100’s already. How much further do you think they’ll go?
The only bottom that matters is the the bottom for the house you want. There are dettached homes in Escondido in the mid 100’s already. How much further do you think they’ll go?
[quote=sdrealtor]The only bottom that matters is the the bottom for the house you want. There are dettached homes in Escondido in the mid 100’s already. How much further do you think they’ll go?[/quote]
If you look at the bigger economic picture there’s no reason prices won’t overcorrect like they did in the last 2 downturns.
One house at a fundamental “bottom” price doesn’t mean the bottom passed us by, and houses that nearly tripled could fall by at least 50% by the time this thing is over.
[quote=sdrealtor]The only bottom that matters is the the bottom for the house you want. There are dettached homes in Escondido in the mid 100’s already. How much further do you think they’ll go?[/quote]
If you look at the bigger economic picture there’s no reason prices won’t overcorrect like they did in the last 2 downturns.
One house at a fundamental “bottom” price doesn’t mean the bottom passed us by, and houses that nearly tripled could fall by at least 50% by the time this thing is over.
[quote=sdrealtor]The only bottom that matters is the the bottom for the house you want. There are dettached homes in Escondido in the mid 100’s already. How much further do you think they’ll go?[/quote]
If you look at the bigger economic picture there’s no reason prices won’t overcorrect like they did in the last 2 downturns.
One house at a fundamental “bottom” price doesn’t mean the bottom passed us by, and houses that nearly tripled could fall by at least 50% by the time this thing is over.
[quote=sdrealtor]The only bottom that matters is the the bottom for the house you want. There are dettached homes in Escondido in the mid 100’s already. How much further do you think they’ll go?[/quote]
If you look at the bigger economic picture there’s no reason prices won’t overcorrect like they did in the last 2 downturns.
One house at a fundamental “bottom” price doesn’t mean the bottom passed us by, and houses that nearly tripled could fall by at least 50% by the time this thing is over.
