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  • May 16, 2011 at 5:09 PM #696938
    Anonymous
    Guest

    Okay, so we’re really not that far off then. I call for a minimum of 10% drop (including NCC), and you think it could happen also. Back to the topic, the new GSE limits will DEFINITELY have an affect towards that 10%+ drop. The only thing that can stop that drop from happening is hyperinflation.

    Instead of the property address, why don’t you just tell me the zip code. I’ll bet I can find examples of apples to apples property drops of more than 20%.

    May 16, 2011 at 5:20 PM #695755
    sdrealtor
    Participant

    zip code is 92009 but that wont work. There are 3 different school districts in 92009 and homes in each have behaved very differently. I’m happy to send you the actual address. Just send me a PM saying you wont post it online and I’ll have no problem sharing it with you.

    May 16, 2011 at 5:20 PM #695843
    sdrealtor
    Participant

    zip code is 92009 but that wont work. There are 3 different school districts in 92009 and homes in each have behaved very differently. I’m happy to send you the actual address. Just send me a PM saying you wont post it online and I’ll have no problem sharing it with you.

    May 16, 2011 at 5:20 PM #696442
    sdrealtor
    Participant

    zip code is 92009 but that wont work. There are 3 different school districts in 92009 and homes in each have behaved very differently. I’m happy to send you the actual address. Just send me a PM saying you wont post it online and I’ll have no problem sharing it with you.

    May 16, 2011 at 5:20 PM #696589
    sdrealtor
    Participant

    zip code is 92009 but that wont work. There are 3 different school districts in 92009 and homes in each have behaved very differently. I’m happy to send you the actual address. Just send me a PM saying you wont post it online and I’ll have no problem sharing it with you.

    May 16, 2011 at 5:20 PM #696943
    sdrealtor
    Participant

    zip code is 92009 but that wont work. There are 3 different school districts in 92009 and homes in each have behaved very differently. I’m happy to send you the actual address. Just send me a PM saying you wont post it online and I’ll have no problem sharing it with you.

    May 16, 2011 at 5:32 PM #695760
    (former)FormerSanDiegan
    Participant

    [quote=CA renter]

    Sdr, what you’re totally ignoring is the fact that price drops WERE moving into the “more deirable” neighborhoods. Prices don’t all move at once, they roll into and out of areas during the RE cycle. The ONLY reason prices didn’t drop as much in the higher-end areas is because the Fed and govt intervened when they saw that the housing bust wasn’t “contained” in the lower-end areas. [/quote]

    I disagree. The primary factor in prices declining less (percentage-wise) in the high end was that they did not overinflate as much on the run-up.

    If you look at Rich’s recent voiceofsandiego.org article (and many prior ones) you can see that lower end homes increased by nearly 200% in the bubble, whereas the high-end increased by about 125%. The high end was a smaller bubble.

    The image I am referring to in Rich’s article is posted below for reference.

    [img_assist|nid=14962|title=Toscano Data|desc=|link=node|align=left|width=434|height=326]

    Original is here …

    http://www.voiceofsandiego.org/toscano/article_569a8abe-706e-11e0-988f-001cc4c002e0.html

    May 16, 2011 at 5:32 PM #695848
    (former)FormerSanDiegan
    Participant

    [quote=CA renter]

    Sdr, what you’re totally ignoring is the fact that price drops WERE moving into the “more deirable” neighborhoods. Prices don’t all move at once, they roll into and out of areas during the RE cycle. The ONLY reason prices didn’t drop as much in the higher-end areas is because the Fed and govt intervened when they saw that the housing bust wasn’t “contained” in the lower-end areas. [/quote]

    I disagree. The primary factor in prices declining less (percentage-wise) in the high end was that they did not overinflate as much on the run-up.

    If you look at Rich’s recent voiceofsandiego.org article (and many prior ones) you can see that lower end homes increased by nearly 200% in the bubble, whereas the high-end increased by about 125%. The high end was a smaller bubble.

    The image I am referring to in Rich’s article is posted below for reference.

    [img_assist|nid=14962|title=Toscano Data|desc=|link=node|align=left|width=434|height=326]

    Original is here …

    http://www.voiceofsandiego.org/toscano/article_569a8abe-706e-11e0-988f-001cc4c002e0.html

    May 16, 2011 at 5:32 PM #696447
    (former)FormerSanDiegan
    Participant

    [quote=CA renter]

    Sdr, what you’re totally ignoring is the fact that price drops WERE moving into the “more deirable” neighborhoods. Prices don’t all move at once, they roll into and out of areas during the RE cycle. The ONLY reason prices didn’t drop as much in the higher-end areas is because the Fed and govt intervened when they saw that the housing bust wasn’t “contained” in the lower-end areas. [/quote]

    I disagree. The primary factor in prices declining less (percentage-wise) in the high end was that they did not overinflate as much on the run-up.

    If you look at Rich’s recent voiceofsandiego.org article (and many prior ones) you can see that lower end homes increased by nearly 200% in the bubble, whereas the high-end increased by about 125%. The high end was a smaller bubble.

    The image I am referring to in Rich’s article is posted below for reference.

    [img_assist|nid=14962|title=Toscano Data|desc=|link=node|align=left|width=434|height=326]

    Original is here …

    http://www.voiceofsandiego.org/toscano/article_569a8abe-706e-11e0-988f-001cc4c002e0.html

    May 16, 2011 at 5:32 PM #696594
    (former)FormerSanDiegan
    Participant

    [quote=CA renter]

    Sdr, what you’re totally ignoring is the fact that price drops WERE moving into the “more deirable” neighborhoods. Prices don’t all move at once, they roll into and out of areas during the RE cycle. The ONLY reason prices didn’t drop as much in the higher-end areas is because the Fed and govt intervened when they saw that the housing bust wasn’t “contained” in the lower-end areas. [/quote]

    I disagree. The primary factor in prices declining less (percentage-wise) in the high end was that they did not overinflate as much on the run-up.

    If you look at Rich’s recent voiceofsandiego.org article (and many prior ones) you can see that lower end homes increased by nearly 200% in the bubble, whereas the high-end increased by about 125%. The high end was a smaller bubble.

    The image I am referring to in Rich’s article is posted below for reference.

    [img_assist|nid=14962|title=Toscano Data|desc=|link=node|align=left|width=434|height=326]

    Original is here …

    http://www.voiceofsandiego.org/toscano/article_569a8abe-706e-11e0-988f-001cc4c002e0.html

    May 16, 2011 at 5:32 PM #696948
    (former)FormerSanDiegan
    Participant

    [quote=CA renter]

    Sdr, what you’re totally ignoring is the fact that price drops WERE moving into the “more deirable” neighborhoods. Prices don’t all move at once, they roll into and out of areas during the RE cycle. The ONLY reason prices didn’t drop as much in the higher-end areas is because the Fed and govt intervened when they saw that the housing bust wasn’t “contained” in the lower-end areas. [/quote]

    I disagree. The primary factor in prices declining less (percentage-wise) in the high end was that they did not overinflate as much on the run-up.

    If you look at Rich’s recent voiceofsandiego.org article (and many prior ones) you can see that lower end homes increased by nearly 200% in the bubble, whereas the high-end increased by about 125%. The high end was a smaller bubble.

    The image I am referring to in Rich’s article is posted below for reference.

    [img_assist|nid=14962|title=Toscano Data|desc=|link=node|align=left|width=434|height=326]

    Original is here …

    http://www.voiceofsandiego.org/toscano/article_569a8abe-706e-11e0-988f-001cc4c002e0.html

    May 16, 2011 at 7:46 PM #695780
    fun4vnay2
    Participant

    I agree with sdrealtor.
    People in this forum have been guessing/calling for 50% off from peak and other doomsday scenario.
    I don’t see any of those things coming true..
    Life is normal as usual so far and tough for me as I need a house.

    May 16, 2011 at 7:46 PM #695868
    fun4vnay2
    Participant

    I agree with sdrealtor.
    People in this forum have been guessing/calling for 50% off from peak and other doomsday scenario.
    I don’t see any of those things coming true..
    Life is normal as usual so far and tough for me as I need a house.

    May 16, 2011 at 7:46 PM #696467
    fun4vnay2
    Participant

    I agree with sdrealtor.
    People in this forum have been guessing/calling for 50% off from peak and other doomsday scenario.
    I don’t see any of those things coming true..
    Life is normal as usual so far and tough for me as I need a house.

    May 16, 2011 at 7:46 PM #696614
    fun4vnay2
    Participant

    I agree with sdrealtor.
    People in this forum have been guessing/calling for 50% off from peak and other doomsday scenario.
    I don’t see any of those things coming true..
    Life is normal as usual so far and tough for me as I need a house.

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