Even in Encinitas, west of I-5

[Ex-SD]

Other than the “ultra-high end” of the housing market, NO ONE will be immune from the bubble bursting. Anyone who thinks that just because they’re in the better parts of north county, they won’t be affected, is going to get a strong dose of reality over the next 4-plus years. If they don’t have to sell and can stay employed and afford the home that they bought (and it doesn’t have three mortgages and a heloc) will be just fine over the very long haul (10-plus years). Those who must sell are going to be in for a world of hurt.
Nobody knows just how low prices will go before they settle on the bottom or exactly how long they will sit on the bottom but how many people are going to be eager to mortgage themselves to the hilt for that big, expensive McMansion after watching this current mess unravel?

[Allan from Fallbrook]

Ex-SD: Certain homebuilders are already making the move to smaller homes. Those monolithic 4,000sf monsters will probably go the way of the dodo. Too expensive to maintain for one thing. Can you imagine cooling a 4,000sf home through a Temecula summer?

I think even the ultra-high end will feel something of a pinch as well. There are homes fronting the SF Bay that are knocking fairly significant chunks off of their asking price. The house Burt Reynolds owns in Florida was just reduced in price by a large amount as well.

[Allan from Fallbrook]

Ex-SD: Certain homebuilders are already making the move to smaller homes. Those monolithic 4,000sf monsters will probably go the way of the dodo. Too expensive to maintain for one thing. Can you imagine cooling a 4,000sf home through a Temecula summer?

I think even the ultra-high end will feel something of a pinch as well. There are homes fronting the SF Bay that are knocking fairly significant chunks off of their asking price. The house Burt Reynolds owns in Florida was just reduced in price by a large amount as well.

[Allan from Fallbrook]

Ex-SD: Certain homebuilders are already making the move to smaller homes. Those monolithic 4,000sf monsters will probably go the way of the dodo. Too expensive to maintain for one thing. Can you imagine cooling a 4,000sf home through a Temecula summer?

I think even the ultra-high end will feel something of a pinch as well. There are homes fronting the SF Bay that are knocking fairly significant chunks off of their asking price. The house Burt Reynolds owns in Florida was just reduced in price by a large amount as well.

[Allan from Fallbrook]

Ex-SD: Certain homebuilders are already making the move to smaller homes. Those monolithic 4,000sf monsters will probably go the way of the dodo. Too expensive to maintain for one thing. Can you imagine cooling a 4,000sf home through a Temecula summer?

I think even the ultra-high end will feel something of a pinch as well. There are homes fronting the SF Bay that are knocking fairly significant chunks off of their asking price. The house Burt Reynolds owns in Florida was just reduced in price by a large amount as well.

[Allan from Fallbrook]

Ex-SD: Certain homebuilders are already making the move to smaller homes. Those monolithic 4,000sf monsters will probably go the way of the dodo. Too expensive to maintain for one thing. Can you imagine cooling a 4,000sf home through a Temecula summer?

I think even the ultra-high end will feel something of a pinch as well. There are homes fronting the SF Bay that are knocking fairly significant chunks off of their asking price. The house Burt Reynolds owns in Florida was just reduced in price by a large amount as well.

[pemeliza]

“Sooner or later the supply is bound to outstrip them in number, and sellers will have to deal with us ordinary schlubs if they want to sell their houses at all.”

I love this line.

Sums it up to a freakin T.

I was scanning the Point Loma Inventory today.
The last line of a MLS supplement gave me a chuckle.

… or taking in some fresh air while BBQing in your child-safe fenced backyard. “Come live the fairytale.”

Freudian slip?

[pemeliza]

“Sooner or later the supply is bound to outstrip them in number, and sellers will have to deal with us ordinary schlubs if they want to sell their houses at all.”

I love this line.

Sums it up to a freakin T.

I was scanning the Point Loma Inventory today.
The last line of a MLS supplement gave me a chuckle.

… or taking in some fresh air while BBQing in your child-safe fenced backyard. “Come live the fairytale.”

Freudian slip?

[pemeliza]

“Sooner or later the supply is bound to outstrip them in number, and sellers will have to deal with us ordinary schlubs if they want to sell their houses at all.”

I love this line.

Sums it up to a freakin T.

I was scanning the Point Loma Inventory today.
The last line of a MLS supplement gave me a chuckle.

… or taking in some fresh air while BBQing in your child-safe fenced backyard. “Come live the fairytale.”

Freudian slip?

[pemeliza]

“Sooner or later the supply is bound to outstrip them in number, and sellers will have to deal with us ordinary schlubs if they want to sell their houses at all.”

I love this line.

Sums it up to a freakin T.

I was scanning the Point Loma Inventory today.
The last line of a MLS supplement gave me a chuckle.

… or taking in some fresh air while BBQing in your child-safe fenced backyard. “Come live the fairytale.”

Freudian slip?

[pemeliza]

“Sooner or later the supply is bound to outstrip them in number, and sellers will have to deal with us ordinary schlubs if they want to sell their houses at all.”

I love this line.

Sums it up to a freakin T.

I was scanning the Point Loma Inventory today.
The last line of a MLS supplement gave me a chuckle.

… or taking in some fresh air while BBQing in your child-safe fenced backyard. “Come live the fairytale.”

Freudian slip?

[Rockemsock]

Wow, it’s about time. I still remember moving to San Diego in 2001 and renting on the beach in Encinitas. I had never owned a home but was starting to look and I thought “if only i could find that fixer in a good part of town”…early in 2002 I crossed the railroad tracks in Encinitas and started looking behind Scripps Hospital. I found a place that looked like it was out of a Troma Horror movie. No yard, just dirt, original 1954 paint job on a box that was barely standing. I grab the flyer, and read that it’s going for 700k. I was astonished. Obviously I have come to realize that I was totally in the dark regarding property values. Would be great to see those come down a bit…although i doubt that area will ever be down in my price range.

[Rockemsock]

Wow, it’s about time. I still remember moving to San Diego in 2001 and renting on the beach in Encinitas. I had never owned a home but was starting to look and I thought “if only i could find that fixer in a good part of town”…early in 2002 I crossed the railroad tracks in Encinitas and started looking behind Scripps Hospital. I found a place that looked like it was out of a Troma Horror movie. No yard, just dirt, original 1954 paint job on a box that was barely standing. I grab the flyer, and read that it’s going for 700k. I was astonished. Obviously I have come to realize that I was totally in the dark regarding property values. Would be great to see those come down a bit…although i doubt that area will ever be down in my price range.

[Rockemsock]

Wow, it’s about time. I still remember moving to San Diego in 2001 and renting on the beach in Encinitas. I had never owned a home but was starting to look and I thought “if only i could find that fixer in a good part of town”…early in 2002 I crossed the railroad tracks in Encinitas and started looking behind Scripps Hospital. I found a place that looked like it was out of a Troma Horror movie. No yard, just dirt, original 1954 paint job on a box that was barely standing. I grab the flyer, and read that it’s going for 700k. I was astonished. Obviously I have come to realize that I was totally in the dark regarding property values. Would be great to see those come down a bit…although i doubt that area will ever be down in my price range.

[Rockemsock]

Wow, it’s about time. I still remember moving to San Diego in 2001 and renting on the beach in Encinitas. I had never owned a home but was starting to look and I thought “if only i could find that fixer in a good part of town”…early in 2002 I crossed the railroad tracks in Encinitas and started looking behind Scripps Hospital. I found a place that looked like it was out of a Troma Horror movie. No yard, just dirt, original 1954 paint job on a box that was barely standing. I grab the flyer, and read that it’s going for 700k. I was astonished. Obviously I have come to realize that I was totally in the dark regarding property values. Would be great to see those come down a bit…although i doubt that area will ever be down in my price range.

[Author]

Posts