Have some areas in San Diego county hit bottom?

[little lady]

“5 – Median price for the closed sales this last quarter was $401,383, which is now only 5.12 x the average annual household income in town ($78,250). By contrast, the median price in 1999 ($191,499) was only 3.6 times the then-median household income level of $53,624. To do that in the here and now, the current medians would have to drop to $281,700. ”

I read the median was in the 300k range, at present. Not far from 281k….

I really hope the 281k is correct and that’s what happens, but where are these people comming from?

My realtor isn’t the only one saying Poway is getting 5/6 bids on a house. I’ve read it here too.

Thanks ex-sd good article, I’ll show it to my hubby…..

[jpinpb]

Thanks Ex-SD for the encouraging words.

[jpinpb]

Thanks Ex-SD for the encouraging words.

[jpinpb]

Thanks Ex-SD for the encouraging words.

[jpinpb]

Thanks Ex-SD for the encouraging words.

[jpinpb]

Thanks Ex-SD for the encouraging words.

[Ex-SD]

jpinpb: Simply put………………………”It is what it is”.
The temptation is to make an emotional decision when buying a home despite knowing better. If you can detach your emotional feelings from the “gotta have a home, NOW” syndrome and make a logical, rational decision, you’ll have a lot more money when you get old and gray. Those who don’t will simply look back and say, “I should’ve……………I could’ve…………..I would’ve:…………………If only I had used a little common sense. There will always be greater fools in any marketplace for any item. One can choose to be a follower or an independent thinker who looks at all the available information and attempts to make a logical, rational decision. I have always chosen NOT to be a follower and it has served me well. 🙂

[Ex-SD]

jpinpb: Simply put………………………”It is what it is”.
The temptation is to make an emotional decision when buying a home despite knowing better. If you can detach your emotional feelings from the “gotta have a home, NOW” syndrome and make a logical, rational decision, you’ll have a lot more money when you get old and gray. Those who don’t will simply look back and say, “I should’ve……………I could’ve…………..I would’ve:…………………If only I had used a little common sense. There will always be greater fools in any marketplace for any item. One can choose to be a follower or an independent thinker who looks at all the available information and attempts to make a logical, rational decision. I have always chosen NOT to be a follower and it has served me well. 🙂

[Ex-SD]

jpinpb: Simply put………………………”It is what it is”.
The temptation is to make an emotional decision when buying a home despite knowing better. If you can detach your emotional feelings from the “gotta have a home, NOW” syndrome and make a logical, rational decision, you’ll have a lot more money when you get old and gray. Those who don’t will simply look back and say, “I should’ve……………I could’ve…………..I would’ve:…………………If only I had used a little common sense. There will always be greater fools in any marketplace for any item. One can choose to be a follower or an independent thinker who looks at all the available information and attempts to make a logical, rational decision. I have always chosen NOT to be a follower and it has served me well. 🙂

[Ex-SD]

jpinpb: Simply put………………………”It is what it is”.
The temptation is to make an emotional decision when buying a home despite knowing better. If you can detach your emotional feelings from the “gotta have a home, NOW” syndrome and make a logical, rational decision, you’ll have a lot more money when you get old and gray. Those who don’t will simply look back and say, “I should’ve……………I could’ve…………..I would’ve:…………………If only I had used a little common sense. There will always be greater fools in any marketplace for any item. One can choose to be a follower or an independent thinker who looks at all the available information and attempts to make a logical, rational decision. I have always chosen NOT to be a follower and it has served me well. 🙂

[Ex-SD]

jpinpb: Simply put………………………”It is what it is”.
The temptation is to make an emotional decision when buying a home despite knowing better. If you can detach your emotional feelings from the “gotta have a home, NOW” syndrome and make a logical, rational decision, you’ll have a lot more money when you get old and gray. Those who don’t will simply look back and say, “I should’ve……………I could’ve…………..I would’ve:…………………If only I had used a little common sense. There will always be greater fools in any marketplace for any item. One can choose to be a follower or an independent thinker who looks at all the available information and attempts to make a logical, rational decision. I have always chosen NOT to be a follower and it has served me well. 🙂

[CA renter]

This is probably the strongest “spring bounce” I’ve seen since 2004/2005, but we have to consider why.

Ever since 1996/1997, people have watched housing prices soar out of their reach. For the first time in over 10 years, people are seeing prices drop — in many cases, by 30-50%. This will naturally bring more people into the market.

If you look at the sales histories of a number of houses, you’ll see multiple foreclosures on the same homes during downturns. This is just the first wave of knife-catchers.

You’ll know we’re near the bottom when you **don’t** see multiple families looking at an over-priced 1970s tract shack that’s “on sale” for $450K.

Just MHO. 🙂

[CA renter]

This is probably the strongest “spring bounce” I’ve seen since 2004/2005, but we have to consider why.

Ever since 1996/1997, people have watched housing prices soar out of their reach. For the first time in over 10 years, people are seeing prices drop — in many cases, by 30-50%. This will naturally bring more people into the market.

If you look at the sales histories of a number of houses, you’ll see multiple foreclosures on the same homes during downturns. This is just the first wave of knife-catchers.

You’ll know we’re near the bottom when you **don’t** see multiple families looking at an over-priced 1970s tract shack that’s “on sale” for $450K.

Just MHO. 🙂

[CA renter]

This is probably the strongest “spring bounce” I’ve seen since 2004/2005, but we have to consider why.

Ever since 1996/1997, people have watched housing prices soar out of their reach. For the first time in over 10 years, people are seeing prices drop — in many cases, by 30-50%. This will naturally bring more people into the market.

If you look at the sales histories of a number of houses, you’ll see multiple foreclosures on the same homes during downturns. This is just the first wave of knife-catchers.

You’ll know we’re near the bottom when you **don’t** see multiple families looking at an over-priced 1970s tract shack that’s “on sale” for $450K.

Just MHO. 🙂

[CA renter]

This is probably the strongest “spring bounce” I’ve seen since 2004/2005, but we have to consider why.

Ever since 1996/1997, people have watched housing prices soar out of their reach. For the first time in over 10 years, people are seeing prices drop — in many cases, by 30-50%. This will naturally bring more people into the market.

If you look at the sales histories of a number of houses, you’ll see multiple foreclosures on the same homes during downturns. This is just the first wave of knife-catchers.

You’ll know we’re near the bottom when you **don’t** see multiple families looking at an over-priced 1970s tract shack that’s “on sale” for $450K.

Just MHO. 🙂

[Author]

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