Downtown Condos

[davelj]

Rich has a copy of the contract on my place (with certain identifying details left out) as well as (by definition) your email address. I hesitate to speak on Rich’s behalf, but I bet if you ask Rich nicely he’d forward you a copy. (Rich, if you’re reading this, I don’t have a problem with this.) I’d ask, however, that you keep the contents and structure of the contract to yourself.

[SD Realtor]

Josh dismal as in supply is excessive and growing.

It is going to continue to snowball downtown. I cannot envision it getting better down there for quite awhile. I still think we can get down to the 250/sf someday in the future. Long ways to go though.

SD Realtor

[SD Realtor]

Josh dismal as in supply is excessive and growing.

It is going to continue to snowball downtown. I cannot envision it getting better down there for quite awhile. I still think we can get down to the 250/sf someday in the future. Long ways to go though.

SD Realtor

[SD Realtor]

Josh dismal as in supply is excessive and growing.

It is going to continue to snowball downtown. I cannot envision it getting better down there for quite awhile. I still think we can get down to the 250/sf someday in the future. Long ways to go though.

SD Realtor

[SD Realtor]

Josh dismal as in supply is excessive and growing.

It is going to continue to snowball downtown. I cannot envision it getting better down there for quite awhile. I still think we can get down to the 250/sf someday in the future. Long ways to go though.

SD Realtor

[SD Realtor]

Josh dismal as in supply is excessive and growing.

It is going to continue to snowball downtown. I cannot envision it getting better down there for quite awhile. I still think we can get down to the 250/sf someday in the future. Long ways to go though.

SD Realtor

[patientlywaiting]

Dave, since your purchase, are you surprised by the price drops?

I follow the downtown market closely and I feel the eventual price drops will leave condo owners in a daze for many years. I’m thinking $200/sf, especially in East Village where the low income units are being built.

Wait for the recession and we’ll have the yuppies fleeing back to the suburbs.

[patientlywaiting]

Dave, since your purchase, are you surprised by the price drops?

I follow the downtown market closely and I feel the eventual price drops will leave condo owners in a daze for many years. I’m thinking $200/sf, especially in East Village where the low income units are being built.

Wait for the recession and we’ll have the yuppies fleeing back to the suburbs.

[patientlywaiting]

Dave, since your purchase, are you surprised by the price drops?

I follow the downtown market closely and I feel the eventual price drops will leave condo owners in a daze for many years. I’m thinking $200/sf, especially in East Village where the low income units are being built.

Wait for the recession and we’ll have the yuppies fleeing back to the suburbs.

[patientlywaiting]

Dave, since your purchase, are you surprised by the price drops?

I follow the downtown market closely and I feel the eventual price drops will leave condo owners in a daze for many years. I’m thinking $200/sf, especially in East Village where the low income units are being built.

Wait for the recession and we’ll have the yuppies fleeing back to the suburbs.

[patientlywaiting]

Dave, since your purchase, are you surprised by the price drops?

I follow the downtown market closely and I feel the eventual price drops will leave condo owners in a daze for many years. I’m thinking $200/sf, especially in East Village where the low income units are being built.

Wait for the recession and we’ll have the yuppies fleeing back to the suburbs.

[davelj]

Not at all surprised. That’s why I structured my contract the way I did.

I think prices will drop in most buildings to the point at which it’s a toss-up between buying and renting. Historically, that has been a very good time to buy in San Diego. I don’t see why it should be any different this time around. Depending on the building that would mean a 35%-60% drop from the peak. When you see those kinds of prices, demand will pick up. But that’s still a couple years off I think.

[davelj]

Not at all surprised. That’s why I structured my contract the way I did.

I think prices will drop in most buildings to the point at which it’s a toss-up between buying and renting. Historically, that has been a very good time to buy in San Diego. I don’t see why it should be any different this time around. Depending on the building that would mean a 35%-60% drop from the peak. When you see those kinds of prices, demand will pick up. But that’s still a couple years off I think.

[davelj]

Not at all surprised. That’s why I structured my contract the way I did.

I think prices will drop in most buildings to the point at which it’s a toss-up between buying and renting. Historically, that has been a very good time to buy in San Diego. I don’t see why it should be any different this time around. Depending on the building that would mean a 35%-60% drop from the peak. When you see those kinds of prices, demand will pick up. But that’s still a couple years off I think.

[davelj]

Not at all surprised. That’s why I structured my contract the way I did.

I think prices will drop in most buildings to the point at which it’s a toss-up between buying and renting. Historically, that has been a very good time to buy in San Diego. I don’t see why it should be any different this time around. Depending on the building that would mean a 35%-60% drop from the peak. When you see those kinds of prices, demand will pick up. But that’s still a couple years off I think.

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