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  • October 20, 2008 at 1:16 PM #14251
    JTinSD
    Participant

    Sorry if I’m repeating another thread. I didn’t see one about this.

    My question: What’s with downtown being seemingly unaffected by the bubble bursting in San Diego? Prices are still ridiculous down there. I can understand the beach areas being high, (less new construction, investors and owners with deep pockets, etc.), but downtown has so many new units on the market, how is it staying bubblicious?

    Any thoughts on this would be much appreciated. I enjoy reading everyone’s comments in the forums. You guys make a lot of sense!

    October 20, 2008 at 1:45 PM #290221
    nostradamus
    Participant

    You should see the piggs when they talk about housing!

    There is a lot more discussion of downtown on sdlookup. Lots of owners and builders are in distress, many are not. I think people are still holding to the hope that downtown will become a work/live/walk/shop mecca for the geographically centralized new era. IMO unfortunately most people can only afford the walking part.

    October 20, 2008 at 1:45 PM #290530
    nostradamus
    Participant

    You should see the piggs when they talk about housing!

    There is a lot more discussion of downtown on sdlookup. Lots of owners and builders are in distress, many are not. I think people are still holding to the hope that downtown will become a work/live/walk/shop mecca for the geographically centralized new era. IMO unfortunately most people can only afford the walking part.

    October 20, 2008 at 1:45 PM #290534
    nostradamus
    Participant

    You should see the piggs when they talk about housing!

    There is a lot more discussion of downtown on sdlookup. Lots of owners and builders are in distress, many are not. I think people are still holding to the hope that downtown will become a work/live/walk/shop mecca for the geographically centralized new era. IMO unfortunately most people can only afford the walking part.

    October 20, 2008 at 1:45 PM #290568
    nostradamus
    Participant

    You should see the piggs when they talk about housing!

    There is a lot more discussion of downtown on sdlookup. Lots of owners and builders are in distress, many are not. I think people are still holding to the hope that downtown will become a work/live/walk/shop mecca for the geographically centralized new era. IMO unfortunately most people can only afford the walking part.

    October 20, 2008 at 1:45 PM #290572
    nostradamus
    Participant

    You should see the piggs when they talk about housing!

    There is a lot more discussion of downtown on sdlookup. Lots of owners and builders are in distress, many are not. I think people are still holding to the hope that downtown will become a work/live/walk/shop mecca for the geographically centralized new era. IMO unfortunately most people can only afford the walking part.

    October 20, 2008 at 10:55 PM #290501
    SD Realtor
    Participant

    JT downtown has come down ALOT from the peak. Yet prices are still crazy so that goes to show just how f’d up things were, and still are. Prices are still crazy there because sellers have not yet caved. Similarly there must still be some buyers who are forking out the money and contrary to what you or I would pay, they will pay more. Frustrating but true. I do not see downtown turning around soon. Hang in there and give it time.

    October 20, 2008 at 10:55 PM #290811
    SD Realtor
    Participant

    JT downtown has come down ALOT from the peak. Yet prices are still crazy so that goes to show just how f’d up things were, and still are. Prices are still crazy there because sellers have not yet caved. Similarly there must still be some buyers who are forking out the money and contrary to what you or I would pay, they will pay more. Frustrating but true. I do not see downtown turning around soon. Hang in there and give it time.

    October 20, 2008 at 10:55 PM #290814
    SD Realtor
    Participant

    JT downtown has come down ALOT from the peak. Yet prices are still crazy so that goes to show just how f’d up things were, and still are. Prices are still crazy there because sellers have not yet caved. Similarly there must still be some buyers who are forking out the money and contrary to what you or I would pay, they will pay more. Frustrating but true. I do not see downtown turning around soon. Hang in there and give it time.

    October 20, 2008 at 10:55 PM #290850
    SD Realtor
    Participant

    JT downtown has come down ALOT from the peak. Yet prices are still crazy so that goes to show just how f’d up things were, and still are. Prices are still crazy there because sellers have not yet caved. Similarly there must still be some buyers who are forking out the money and contrary to what you or I would pay, they will pay more. Frustrating but true. I do not see downtown turning around soon. Hang in there and give it time.

    October 20, 2008 at 10:55 PM #290852
    SD Realtor
    Participant

    JT downtown has come down ALOT from the peak. Yet prices are still crazy so that goes to show just how f’d up things were, and still are. Prices are still crazy there because sellers have not yet caved. Similarly there must still be some buyers who are forking out the money and contrary to what you or I would pay, they will pay more. Frustrating but true. I do not see downtown turning around soon. Hang in there and give it time.

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