cnn.com San Diego on its way to housing recovery

[jstoesz]

[quote=sdrealtor]For the record, sdr has a 37% loan to value on his home as of his refi last month and a $1600 mortgage payment. He also has listings everywhere in SoCal from Pasadena on the Rose Bowl parade route to Chula Vista. He sees what is going on at the street level in a way you never will. My skin is made of titanium and your darts merely bounce off me.[/quote]

I love it! And that is why I love sdr’s postings. The thin skinned need not apply!

Although I disagree with you sdr, you are subject to a bias born from the fact that the people you deal with want to buy now. Your experience with the population is self selected. You are only seeing those who wish to buy now, not the hordes who feel that this crap is overpriced and not worth their time.

I am subject to the bias that I can not believe people would pay .5 mil for a 2 bed 1 bath nowhere near the beach. No anecdotes otherwise are going to change my mind that this is just plain stupid.

[paramount]

I drove around this past weekend taking the temperature of the Temecula RE market. It’s mind boggling, but new houses seem to be selling like crazy. Even with 1.8% tax rates + Mello Roos + HOA; it’s unbelievable. Where do these people come from.

Inventory of resale houses is brisk with an average of 45 DOM, I think mainly b/c of low inventory.

My assessment: This is not a good time to buy a house in Temecula – particularly considering the unknowns of the quarry.

We need to go back to the days where you buy a house contingent on the sale of your current house IMO.

A realtor at an open house claimed the average cost/sq ft in Temecula is right around $125. Seems high to me.

[paramount]

I drove around this past weekend taking the temperature of the Temecula RE market. It’s mind boggling, but new houses seem to be selling like crazy. Even with 1.8% tax rates + Mello Roos + HOA; it’s unbelievable. Where do these people come from.

Inventory of resale houses is brisk with an average of 45 DOM, I think mainly b/c of low inventory.

My assessment: This is not a good time to buy a house in Temecula – particularly considering the unknowns of the quarry.

We need to go back to the days where you buy a house contingent on the sale of your current house IMO.

A realtor at an open house claimed the average cost/sq ft in Temecula is right around $125. Seems high to me.

[paramount]

I drove around this past weekend taking the temperature of the Temecula RE market. It’s mind boggling, but new houses seem to be selling like crazy. Even with 1.8% tax rates + Mello Roos + HOA; it’s unbelievable. Where do these people come from.

Inventory of resale houses is brisk with an average of 45 DOM, I think mainly b/c of low inventory.

My assessment: This is not a good time to buy a house in Temecula – particularly considering the unknowns of the quarry.

We need to go back to the days where you buy a house contingent on the sale of your current house IMO.

A realtor at an open house claimed the average cost/sq ft in Temecula is right around $125. Seems high to me.

[paramount]

I drove around this past weekend taking the temperature of the Temecula RE market. It’s mind boggling, but new houses seem to be selling like crazy. Even with 1.8% tax rates + Mello Roos + HOA; it’s unbelievable. Where do these people come from.

Inventory of resale houses is brisk with an average of 45 DOM, I think mainly b/c of low inventory.

My assessment: This is not a good time to buy a house in Temecula – particularly considering the unknowns of the quarry.

We need to go back to the days where you buy a house contingent on the sale of your current house IMO.

A realtor at an open house claimed the average cost/sq ft in Temecula is right around $125. Seems high to me.

[paramount]

I drove around this past weekend taking the temperature of the Temecula RE market. It’s mind boggling, but new houses seem to be selling like crazy. Even with 1.8% tax rates + Mello Roos + HOA; it’s unbelievable. Where do these people come from.

Inventory of resale houses is brisk with an average of 45 DOM, I think mainly b/c of low inventory.

My assessment: This is not a good time to buy a house in Temecula – particularly considering the unknowns of the quarry.

We need to go back to the days where you buy a house contingent on the sale of your current house IMO.

A realtor at an open house claimed the average cost/sq ft in Temecula is right around $125. Seems high to me.

[jstoesz]

I wonder what the replacement cost is these days…with cheap labor and all.

If land and permits were free. What does a modest 1800 sq ft Ikea hose cost these days? 125 sqft?

[jstoesz]

I wonder what the replacement cost is these days…with cheap labor and all.

If land and permits were free. What does a modest 1800 sq ft Ikea hose cost these days? 125 sqft?

[jstoesz]

I wonder what the replacement cost is these days…with cheap labor and all.

If land and permits were free. What does a modest 1800 sq ft Ikea hose cost these days? 125 sqft?

[jstoesz]

I wonder what the replacement cost is these days…with cheap labor and all.

If land and permits were free. What does a modest 1800 sq ft Ikea hose cost these days? 125 sqft?

[jstoesz]

I wonder what the replacement cost is these days…with cheap labor and all.

If land and permits were free. What does a modest 1800 sq ft Ikea hose cost these days? 125 sqft?

[sdrealtor]

JS
Glad you enjoy my posts but you are wrong that I only deal with people that want to buy now. I work very hard to keep a clear pragmatic view of what is going on in the world. I have worked with clients in excess of 5 years on home searches. I have talked far more people (many) out of buying than into buying (none). I have clients who are more bearish than anyone on this blog. I see it all…everyday I see it all.

BTW, those 2/1 nowhere near the beach are closer to 200K these days.

[sdrealtor]

JS
Glad you enjoy my posts but you are wrong that I only deal with people that want to buy now. I work very hard to keep a clear pragmatic view of what is going on in the world. I have worked with clients in excess of 5 years on home searches. I have talked far more people (many) out of buying than into buying (none). I have clients who are more bearish than anyone on this blog. I see it all…everyday I see it all.

BTW, those 2/1 nowhere near the beach are closer to 200K these days.

[sdrealtor]

JS
Glad you enjoy my posts but you are wrong that I only deal with people that want to buy now. I work very hard to keep a clear pragmatic view of what is going on in the world. I have worked with clients in excess of 5 years on home searches. I have talked far more people (many) out of buying than into buying (none). I have clients who are more bearish than anyone on this blog. I see it all…everyday I see it all.

BTW, those 2/1 nowhere near the beach are closer to 200K these days.

[sdrealtor]

JS
Glad you enjoy my posts but you are wrong that I only deal with people that want to buy now. I work very hard to keep a clear pragmatic view of what is going on in the world. I have worked with clients in excess of 5 years on home searches. I have talked far more people (many) out of buying than into buying (none). I have clients who are more bearish than anyone on this blog. I see it all…everyday I see it all.

BTW, those 2/1 nowhere near the beach are closer to 200K these days.

[Author]

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