Have some areas in San Diego county hit bottom?

[SD Realtor]

Little Lady I have sat and watched the fray on this one. The bottom line is not any different then any of my posts. Secular markets do not just go in a straight line. This market is no different. What you are seeing is indeed a flurry of activity that should not aurprise anybody. Think about it… you have lower pricing, you have easing of capital requirements for the GSEs, you have FHA backed programs pushing limits up and you have all of this in the spring. It should be no surprise to ANYBODY that various submarkets that have more aggressively priced homes are seeing brisk action.

However, with all that said I honestly do not believe we are at a bottom, especially in Poway. Do I think some submarkets are getting closer? Yeah they are but I don’t see the bottom yet. To many indicators need to slowly come to a halt and then change direction. The bottom will not be a V by any means but it will be a long U. I can sit here all night and throw some stats at you to try to prove that we are not at the bottom but that would waste both of our time. Conversely, unlike many people here, I do realize there is more to owning a home then buying at the absolute bottom. Look, if you find a home you love, and you can afford it, and you want to stop renting, and you psychologically are okay with a realization that the home will depreciate in the next few years, and you are NOT going to be relocating or trying to sell in the next few years then I honestly don’t see anything wrong with buying. Getting validation for a purchase on Piggington is like chewing on glass. Anyways, make the purchase for the right reasons, however don’t be deluded by your realtor or others that we are at a bottom. Things may be busy bow but eventually it will get back on track.

SD Realtor

[Ex-SD]

“The question was whether things were starting to stabilize,” said Global Insight economist Patrick Newport. “Apparently they’re not.”

Here’s another piece of data to crunch on:
http://www.sfgate.com/cgi-bin/article.cgi?f=/n/a/2008/04/08/financial/f072045D41.DTL

[Ex-SD]

“The question was whether things were starting to stabilize,” said Global Insight economist Patrick Newport. “Apparently they’re not.”

Here’s another piece of data to crunch on:
http://www.sfgate.com/cgi-bin/article.cgi?f=/n/a/2008/04/08/financial/f072045D41.DTL

[Ex-SD]

“The question was whether things were starting to stabilize,” said Global Insight economist Patrick Newport. “Apparently they’re not.”

Here’s another piece of data to crunch on:
http://www.sfgate.com/cgi-bin/article.cgi?f=/n/a/2008/04/08/financial/f072045D41.DTL

[Ex-SD]

“The question was whether things were starting to stabilize,” said Global Insight economist Patrick Newport. “Apparently they’re not.”

Here’s another piece of data to crunch on:
http://www.sfgate.com/cgi-bin/article.cgi?f=/n/a/2008/04/08/financial/f072045D41.DTL

[Ex-SD]

“The question was whether things were starting to stabilize,” said Global Insight economist Patrick Newport. “Apparently they’re not.”

Here’s another piece of data to crunch on:
http://www.sfgate.com/cgi-bin/article.cgi?f=/n/a/2008/04/08/financial/f072045D41.DTL

[little lady]

“Getting validation for a purchase on Piggington is like chewing on glass.”

I love it!LOL! Thanks very much. Though I was wasn’t trying to validation for buying, really. It was that I was wrong in starting to worry that this was anything more than spring bounce….I knew you would chime in with great words of wisdom…I appreciate it.

“With house prices falling and credit continuing to tighten, many economists say the housing market is likely to worsen in the coming months”
This is uplifting!

“Here’s another piece of data to crunch on:” I love it!! Thanks.

[little lady]

“Getting validation for a purchase on Piggington is like chewing on glass.”

I love it!LOL! Thanks very much. Though I was wasn’t trying to validation for buying, really. It was that I was wrong in starting to worry that this was anything more than spring bounce….I knew you would chime in with great words of wisdom…I appreciate it.

“With house prices falling and credit continuing to tighten, many economists say the housing market is likely to worsen in the coming months”
This is uplifting!

“Here’s another piece of data to crunch on:” I love it!! Thanks.

[little lady]

“Getting validation for a purchase on Piggington is like chewing on glass.”

I love it!LOL! Thanks very much. Though I was wasn’t trying to validation for buying, really. It was that I was wrong in starting to worry that this was anything more than spring bounce….I knew you would chime in with great words of wisdom…I appreciate it.

“With house prices falling and credit continuing to tighten, many economists say the housing market is likely to worsen in the coming months”
This is uplifting!

“Here’s another piece of data to crunch on:” I love it!! Thanks.

[little lady]

“Getting validation for a purchase on Piggington is like chewing on glass.”

I love it!LOL! Thanks very much. Though I was wasn’t trying to validation for buying, really. It was that I was wrong in starting to worry that this was anything more than spring bounce….I knew you would chime in with great words of wisdom…I appreciate it.

“With house prices falling and credit continuing to tighten, many economists say the housing market is likely to worsen in the coming months”
This is uplifting!

“Here’s another piece of data to crunch on:” I love it!! Thanks.

[little lady]

“Getting validation for a purchase on Piggington is like chewing on glass.”

I love it!LOL! Thanks very much. Though I was wasn’t trying to validation for buying, really. It was that I was wrong in starting to worry that this was anything more than spring bounce….I knew you would chime in with great words of wisdom…I appreciate it.

“With house prices falling and credit continuing to tighten, many economists say the housing market is likely to worsen in the coming months”
This is uplifting!

“Here’s another piece of data to crunch on:” I love it!! Thanks.

[Coronita]

Don't feed the trolls (trolletts)….

There's no point in reasoning reasoning/convincing someone of something when data points otherwise.

When math and calculation that proves a certain travel time between two points is virtually impossible at an virtually impossible high traveling speed is refuted, debating anything else more complicated is a moot point.

Frankly, I think we'll eventually arrive at a point when some of us think we're smarter than what the data is telling us, and eventually some of us inevitability will convince themselves to never buy and miss the bottom or around the bottom, imho.

Not that I think the bottom has occurred. I'm just waiting for rentals to cash flow, which apparently some folks have been able to already do. Selling a primary for a profit of 200k +-100k and then trying to get back in later imho is almost not worth the time/effort/stress imho. Selling rentals/speculation on a 200-300k profit, though, is a completely different story.

 

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

Don't feed the trolls (trolletts)….

There's no point in reasoning reasoning/convincing someone of something when data points otherwise.

When math and calculation that proves a certain travel time between two points is virtually impossible at an virtually impossible high traveling speed is refuted, debating anything else more complicated is a moot point.

Frankly, I think we'll eventually arrive at a point when some of us think we're smarter than what the data is telling us, and eventually some of us inevitability will convince themselves to never buy and miss the bottom or around the bottom, imho.

Not that I think the bottom has occurred. I'm just waiting for rentals to cash flow, which apparently some folks have been able to already do. Selling a primary for a profit of 200k +-100k and then trying to get back in later imho is almost not worth the time/effort/stress imho. Selling rentals/speculation on a 200-300k profit, though, is a completely different story.

 

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

Don't feed the trolls (trolletts)….

There's no point in reasoning reasoning/convincing someone of something when data points otherwise.

When math and calculation that proves a certain travel time between two points is virtually impossible at an virtually impossible high traveling speed is refuted, debating anything else more complicated is a moot point.

Frankly, I think we'll eventually arrive at a point when some of us think we're smarter than what the data is telling us, and eventually some of us inevitability will convince themselves to never buy and miss the bottom or around the bottom, imho.

Not that I think the bottom has occurred. I'm just waiting for rentals to cash flow, which apparently some folks have been able to already do. Selling a primary for a profit of 200k +-100k and then trying to get back in later imho is almost not worth the time/effort/stress imho. Selling rentals/speculation on a 200-300k profit, though, is a completely different story.

 

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

Don't feed the trolls (trolletts)….

There's no point in reasoning reasoning/convincing someone of something when data points otherwise.

When math and calculation that proves a certain travel time between two points is virtually impossible at an virtually impossible high traveling speed is refuted, debating anything else more complicated is a moot point.

Frankly, I think we'll eventually arrive at a point when some of us think we're smarter than what the data is telling us, and eventually some of us inevitability will convince themselves to never buy and miss the bottom or around the bottom, imho.

Not that I think the bottom has occurred. I'm just waiting for rentals to cash flow, which apparently some folks have been able to already do. Selling a primary for a profit of 200k +-100k and then trying to get back in later imho is almost not worth the time/effort/stress imho. Selling rentals/speculation on a 200-300k profit, though, is a completely different story.

 

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Author]

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