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CA renter.
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June 11, 2010 at 8:52 PM #564080June 11, 2010 at 9:18 PM #563106
sdrealtor
ParticipantIts just a general recognition in the areas that I have sold lisitngs like Temecula, Aliso Viejo, Carlsbad/Encinitas, RB, PQ, North Park, Oceanside, Carmel Valley etc. It was probably an overly broad statement fueled by a glass of wine or four but the general point is that prices are in a lot of areas than they were last year and a 10 to 15% decline wouldnt be a big deal or dramatically new territory in this cycle.
BTW, Clairemont seem sot have continued down from last year as far as I can tell for whatever reason. At least the houses selling for $400K this year seem much nicer than last year.
June 11, 2010 at 9:18 PM #563204ParticipantIts just a general recognition in the areas that I have sold lisitngs like Temecula, Aliso Viejo, Carlsbad/Encinitas, RB, PQ, North Park, Oceanside, Carmel Valley etc. It was probably an overly broad statement fueled by a glass of wine or four but the general point is that prices are in a lot of areas than they were last year and a 10 to 15% decline wouldnt be a big deal or dramatically new territory in this cycle.
BTW, Clairemont seem sot have continued down from last year as far as I can tell for whatever reason. At least the houses selling for $400K this year seem much nicer than last year.
June 11, 2010 at 9:18 PM #563710ParticipantIts just a general recognition in the areas that I have sold lisitngs like Temecula, Aliso Viejo, Carlsbad/Encinitas, RB, PQ, North Park, Oceanside, Carmel Valley etc. It was probably an overly broad statement fueled by a glass of wine or four but the general point is that prices are in a lot of areas than they were last year and a 10 to 15% decline wouldnt be a big deal or dramatically new territory in this cycle.
BTW, Clairemont seem sot have continued down from last year as far as I can tell for whatever reason. At least the houses selling for $400K this year seem much nicer than last year.
June 11, 2010 at 9:18 PM #563816ParticipantIts just a general recognition in the areas that I have sold lisitngs like Temecula, Aliso Viejo, Carlsbad/Encinitas, RB, PQ, North Park, Oceanside, Carmel Valley etc. It was probably an overly broad statement fueled by a glass of wine or four but the general point is that prices are in a lot of areas than they were last year and a 10 to 15% decline wouldnt be a big deal or dramatically new territory in this cycle.
BTW, Clairemont seem sot have continued down from last year as far as I can tell for whatever reason. At least the houses selling for $400K this year seem much nicer than last year.
June 11, 2010 at 9:18 PM #564100ParticipantIts just a general recognition in the areas that I have sold lisitngs like Temecula, Aliso Viejo, Carlsbad/Encinitas, RB, PQ, North Park, Oceanside, Carmel Valley etc. It was probably an overly broad statement fueled by a glass of wine or four but the general point is that prices are in a lot of areas than they were last year and a 10 to 15% decline wouldnt be a big deal or dramatically new territory in this cycle.
BTW, Clairemont seem sot have continued down from last year as far as I can tell for whatever reason. At least the houses selling for $400K this year seem much nicer than last year.
June 11, 2010 at 9:35 PM #563121sjk
Participant“Have another beer and make that gut bigger because it aint changing dramatically. The banks are making a killing borrowing free money and lending it out for 5 to 6%. They are gradually fixing their balance sheets, keeping their collateral from cratering in value and managing the flow of foreclosed properties so as to maximize their collective positions”
Really? “The banks are making a killing borrowing free money and lending it out for 5 to 6%. They are gradually fixing their balance sheets”
What do you “know” about the balance sheets of banks?
Regards,
June 11, 2010 at 9:35 PM #563219Participant“Have another beer and make that gut bigger because it aint changing dramatically. The banks are making a killing borrowing free money and lending it out for 5 to 6%. They are gradually fixing their balance sheets, keeping their collateral from cratering in value and managing the flow of foreclosed properties so as to maximize their collective positions”
Really? “The banks are making a killing borrowing free money and lending it out for 5 to 6%. They are gradually fixing their balance sheets”
What do you “know” about the balance sheets of banks?
Regards,
June 11, 2010 at 9:35 PM #563724Participant“Have another beer and make that gut bigger because it aint changing dramatically. The banks are making a killing borrowing free money and lending it out for 5 to 6%. They are gradually fixing their balance sheets, keeping their collateral from cratering in value and managing the flow of foreclosed properties so as to maximize their collective positions”
Really? “The banks are making a killing borrowing free money and lending it out for 5 to 6%. They are gradually fixing their balance sheets”
What do you “know” about the balance sheets of banks?
Regards,
June 11, 2010 at 9:35 PM #563831Participant“Have another beer and make that gut bigger because it aint changing dramatically. The banks are making a killing borrowing free money and lending it out for 5 to 6%. They are gradually fixing their balance sheets, keeping their collateral from cratering in value and managing the flow of foreclosed properties so as to maximize their collective positions”
Really? “The banks are making a killing borrowing free money and lending it out for 5 to 6%. They are gradually fixing their balance sheets”
What do you “know” about the balance sheets of banks?
Regards,
June 11, 2010 at 9:35 PM #564115Participant“Have another beer and make that gut bigger because it aint changing dramatically. The banks are making a killing borrowing free money and lending it out for 5 to 6%. They are gradually fixing their balance sheets, keeping their collateral from cratering in value and managing the flow of foreclosed properties so as to maximize their collective positions”
Really? “The banks are making a killing borrowing free money and lending it out for 5 to 6%. They are gradually fixing their balance sheets”
What do you “know” about the balance sheets of banks?
Regards,
June 12, 2010 at 12:34 AM #563202CA renter
ParticipantBased on what I’m seeing, your gut feeling is absolutely correct.
I’ve been watching certain areas in SD County and LA County for many, many years. It’s subtle, but there has been a shift, IMHO.
It looks like there’s been a pretty big change in the parts of LA that I’m watching, as well as some parts of San Diego (more visible and drastic in LA at the moment, but it does seem to be happening here as well).
I’ve also heard the same from some people in other parts of the country.
Been on the double-dip bandwagon since the beginning, and think it’s about to begin. It looks like the market is getting very top-heavy and is about to compact everything below it.
June 12, 2010 at 12:34 AM #563300ParticipantBased on what I’m seeing, your gut feeling is absolutely correct.
I’ve been watching certain areas in SD County and LA County for many, many years. It’s subtle, but there has been a shift, IMHO.
It looks like there’s been a pretty big change in the parts of LA that I’m watching, as well as some parts of San Diego (more visible and drastic in LA at the moment, but it does seem to be happening here as well).
I’ve also heard the same from some people in other parts of the country.
Been on the double-dip bandwagon since the beginning, and think it’s about to begin. It looks like the market is getting very top-heavy and is about to compact everything below it.
June 12, 2010 at 12:34 AM #563804ParticipantBased on what I’m seeing, your gut feeling is absolutely correct.
I’ve been watching certain areas in SD County and LA County for many, many years. It’s subtle, but there has been a shift, IMHO.
It looks like there’s been a pretty big change in the parts of LA that I’m watching, as well as some parts of San Diego (more visible and drastic in LA at the moment, but it does seem to be happening here as well).
I’ve also heard the same from some people in other parts of the country.
Been on the double-dip bandwagon since the beginning, and think it’s about to begin. It looks like the market is getting very top-heavy and is about to compact everything below it.
June 12, 2010 at 12:34 AM #563911ParticipantBased on what I’m seeing, your gut feeling is absolutely correct.
I’ve been watching certain areas in SD County and LA County for many, many years. It’s subtle, but there has been a shift, IMHO.
It looks like there’s been a pretty big change in the parts of LA that I’m watching, as well as some parts of San Diego (more visible and drastic in LA at the moment, but it does seem to be happening here as well).
I’ve also heard the same from some people in other parts of the country.
Been on the double-dip bandwagon since the beginning, and think it’s about to begin. It looks like the market is getting very top-heavy and is about to compact everything below it.
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