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  • July 31, 2009 at 4:32 PM #440614
    donaldduckmoore
    Participant

    I went to Minnesota, area around the Mayo clinic for job interview and my would-be boss really wanted me to buy a house there. That was back in 2004 where the housing bubble was still being inflated here in california. When I rode with the realtor, there were many houses for sale. I was thinking why SD was not like that. I think the answer is that CA is more attractive to people to buy houses than those in the mid-west. I cannot think of any other reasons.

    July 31, 2009 at 5:02 PM #439857
    Reality
    Participant

    [quote=Nor-LA-SD-guy]
    For all the talk of the coming tsunami of foreclosures Due to the huge numbers of defaults the reality is that an NOD’s can come from many sources including Over zealous HOA’s etc… and they still rarely end in foreclosure.

    The reality is at least in CA, is that this is a major Job and entertainment center (and in most places a really nice place to live), and that as long as the home comes in at a good price for the neighborhood, it will find a buyer almost immediately.

    What’s a good price ???

    I don’t know but maybe look at what’s disappearing (selling) next door in a few days time.

    the tsunami is coming, the tsunami is coming[/quote]

    Yeah, and they aren’t making any more land either. Whatever.

    Gee, you don’t think that maybe the folks in WI who used to live in all those homes on the market also thought their area was a “really nice place to live”. What changed? Don’t say a lack of six figure jobs because they didn’t exist before and aren’t needed to buy in WI.

    Prices in the San Diego area mostly TRIPLED between 1997 and 2005, and are still mostly double the 1997 price. I guess the high paying jobs started arriving around 1997. Uh huh.

    July 31, 2009 at 5:02 PM #440058
    Reality
    Participant

    [quote=Nor-LA-SD-guy]
    For all the talk of the coming tsunami of foreclosures Due to the huge numbers of defaults the reality is that an NOD’s can come from many sources including Over zealous HOA’s etc… and they still rarely end in foreclosure.

    The reality is at least in CA, is that this is a major Job and entertainment center (and in most places a really nice place to live), and that as long as the home comes in at a good price for the neighborhood, it will find a buyer almost immediately.

    What’s a good price ???

    I don’t know but maybe look at what’s disappearing (selling) next door in a few days time.

    the tsunami is coming, the tsunami is coming[/quote]

    Yeah, and they aren’t making any more land either. Whatever.

    Gee, you don’t think that maybe the folks in WI who used to live in all those homes on the market also thought their area was a “really nice place to live”. What changed? Don’t say a lack of six figure jobs because they didn’t exist before and aren’t needed to buy in WI.

    Prices in the San Diego area mostly TRIPLED between 1997 and 2005, and are still mostly double the 1997 price. I guess the high paying jobs started arriving around 1997. Uh huh.

    July 31, 2009 at 5:02 PM #440385
    Reality
    Participant

    [quote=Nor-LA-SD-guy]
    For all the talk of the coming tsunami of foreclosures Due to the huge numbers of defaults the reality is that an NOD’s can come from many sources including Over zealous HOA’s etc… and they still rarely end in foreclosure.

    The reality is at least in CA, is that this is a major Job and entertainment center (and in most places a really nice place to live), and that as long as the home comes in at a good price for the neighborhood, it will find a buyer almost immediately.

    What’s a good price ???

    I don’t know but maybe look at what’s disappearing (selling) next door in a few days time.

    the tsunami is coming, the tsunami is coming[/quote]

    Yeah, and they aren’t making any more land either. Whatever.

    Gee, you don’t think that maybe the folks in WI who used to live in all those homes on the market also thought their area was a “really nice place to live”. What changed? Don’t say a lack of six figure jobs because they didn’t exist before and aren’t needed to buy in WI.

    Prices in the San Diego area mostly TRIPLED between 1997 and 2005, and are still mostly double the 1997 price. I guess the high paying jobs started arriving around 1997. Uh huh.

    July 31, 2009 at 5:02 PM #440457
    Reality
    Participant

    [quote=Nor-LA-SD-guy]
    For all the talk of the coming tsunami of foreclosures Due to the huge numbers of defaults the reality is that an NOD’s can come from many sources including Over zealous HOA’s etc… and they still rarely end in foreclosure.

    The reality is at least in CA, is that this is a major Job and entertainment center (and in most places a really nice place to live), and that as long as the home comes in at a good price for the neighborhood, it will find a buyer almost immediately.

    What’s a good price ???

    I don’t know but maybe look at what’s disappearing (selling) next door in a few days time.

    the tsunami is coming, the tsunami is coming[/quote]

    Yeah, and they aren’t making any more land either. Whatever.

    Gee, you don’t think that maybe the folks in WI who used to live in all those homes on the market also thought their area was a “really nice place to live”. What changed? Don’t say a lack of six figure jobs because they didn’t exist before and aren’t needed to buy in WI.

    Prices in the San Diego area mostly TRIPLED between 1997 and 2005, and are still mostly double the 1997 price. I guess the high paying jobs started arriving around 1997. Uh huh.

    July 31, 2009 at 5:02 PM #440629
    Reality
    Participant

    [quote=Nor-LA-SD-guy]
    For all the talk of the coming tsunami of foreclosures Due to the huge numbers of defaults the reality is that an NOD’s can come from many sources including Over zealous HOA’s etc… and they still rarely end in foreclosure.

    The reality is at least in CA, is that this is a major Job and entertainment center (and in most places a really nice place to live), and that as long as the home comes in at a good price for the neighborhood, it will find a buyer almost immediately.

    What’s a good price ???

    I don’t know but maybe look at what’s disappearing (selling) next door in a few days time.

    the tsunami is coming, the tsunami is coming[/quote]

    Yeah, and they aren’t making any more land either. Whatever.

    Gee, you don’t think that maybe the folks in WI who used to live in all those homes on the market also thought their area was a “really nice place to live”. What changed? Don’t say a lack of six figure jobs because they didn’t exist before and aren’t needed to buy in WI.

    Prices in the San Diego area mostly TRIPLED between 1997 and 2005, and are still mostly double the 1997 price. I guess the high paying jobs started arriving around 1997. Uh huh.

    August 1, 2009 at 9:42 AM #440011
    GH
    Participant

    [quote=JohnAlt91941][quote=Nor-LA-SD-guy]I guess the high paying jobs started arriving around 1997. Uh huh.[/quote]

    The arrival of the now defunct dot com boom (bubble?) may have played a factor. My salary almost doubled in 2 years after a little job hopping. Of course that is all reversed now.

    August 1, 2009 at 9:42 AM #440212
    GH
    Participant

    [quote=JohnAlt91941][quote=Nor-LA-SD-guy]I guess the high paying jobs started arriving around 1997. Uh huh.[/quote]

    The arrival of the now defunct dot com boom (bubble?) may have played a factor. My salary almost doubled in 2 years after a little job hopping. Of course that is all reversed now.

    August 1, 2009 at 9:42 AM #440540
    GH
    Participant

    [quote=JohnAlt91941][quote=Nor-LA-SD-guy]I guess the high paying jobs started arriving around 1997. Uh huh.[/quote]

    The arrival of the now defunct dot com boom (bubble?) may have played a factor. My salary almost doubled in 2 years after a little job hopping. Of course that is all reversed now.

    August 1, 2009 at 9:42 AM #440611
    GH
    Participant

    [quote=JohnAlt91941][quote=Nor-LA-SD-guy]I guess the high paying jobs started arriving around 1997. Uh huh.[/quote]

    The arrival of the now defunct dot com boom (bubble?) may have played a factor. My salary almost doubled in 2 years after a little job hopping. Of course that is all reversed now.

    August 1, 2009 at 9:42 AM #440784
    GH
    Participant

    [quote=JohnAlt91941][quote=Nor-LA-SD-guy]I guess the high paying jobs started arriving around 1997. Uh huh.[/quote]

    The arrival of the now defunct dot com boom (bubble?) may have played a factor. My salary almost doubled in 2 years after a little job hopping. Of course that is all reversed now.

    August 1, 2009 at 9:58 AM #440016
    peterb
    Participant

    Unless an area is a world class resort, RE values are tightly tied to the local economy. CA is the 8th biggest economy in the world and has gone from about 18M people in 1975 to about 40M now. It’s pretty hard to find a lot of similar examples of growth, expansion and prosperity.

    August 1, 2009 at 9:58 AM #440217
    peterb
    Participant

    Unless an area is a world class resort, RE values are tightly tied to the local economy. CA is the 8th biggest economy in the world and has gone from about 18M people in 1975 to about 40M now. It’s pretty hard to find a lot of similar examples of growth, expansion and prosperity.

    August 1, 2009 at 9:58 AM #440545
    peterb
    Participant

    Unless an area is a world class resort, RE values are tightly tied to the local economy. CA is the 8th biggest economy in the world and has gone from about 18M people in 1975 to about 40M now. It’s pretty hard to find a lot of similar examples of growth, expansion and prosperity.

    August 1, 2009 at 9:58 AM #440616
    peterb
    Participant

    Unless an area is a world class resort, RE values are tightly tied to the local economy. CA is the 8th biggest economy in the world and has gone from about 18M people in 1975 to about 40M now. It’s pretty hard to find a lot of similar examples of growth, expansion and prosperity.

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