Have some areas in San Diego county hit bottom?

[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. 🙂

[little lady]

I don’t believe all these people feel they are NOT being logical. They know they are buying in a buyers market. They are paying rent. If they come from an area in San Diego where their rent is in the 2k range, they are still close to the payment on this house, and they NOW have a tax write off.

I too am an independant thinker. I question EVERY one even myself.

I needed to hear a good argument on why I am wrong in being worried about my “lowball” offer not being accepted and that maybe I misjudged. I thought maybe other areas, all the “better ones” are still correcting but maybe some are done. I needed to hear that I am wrong for that

[little lady]

I don’t believe all these people feel they are NOT being logical. They know they are buying in a buyers market. They are paying rent. If they come from an area in San Diego where their rent is in the 2k range, they are still close to the payment on this house, and they NOW have a tax write off.

I too am an independant thinker. I question EVERY one even myself.

I needed to hear a good argument on why I am wrong in being worried about my “lowball” offer not being accepted and that maybe I misjudged. I thought maybe other areas, all the “better ones” are still correcting but maybe some are done. I needed to hear that I am wrong for that

[little lady]

I don’t believe all these people feel they are NOT being logical. They know they are buying in a buyers market. They are paying rent. If they come from an area in San Diego where their rent is in the 2k range, they are still close to the payment on this house, and they NOW have a tax write off.

I too am an independant thinker. I question EVERY one even myself.

I needed to hear a good argument on why I am wrong in being worried about my “lowball” offer not being accepted and that maybe I misjudged. I thought maybe other areas, all the “better ones” are still correcting but maybe some are done. I needed to hear that I am wrong for that

[little lady]

I don’t believe all these people feel they are NOT being logical. They know they are buying in a buyers market. They are paying rent. If they come from an area in San Diego where their rent is in the 2k range, they are still close to the payment on this house, and they NOW have a tax write off.

I too am an independant thinker. I question EVERY one even myself.

I needed to hear a good argument on why I am wrong in being worried about my “lowball” offer not being accepted and that maybe I misjudged. I thought maybe other areas, all the “better ones” are still correcting but maybe some are done. I needed to hear that I am wrong for that

[little lady]

I don’t believe all these people feel they are NOT being logical. They know they are buying in a buyers market. They are paying rent. If they come from an area in San Diego where their rent is in the 2k range, they are still close to the payment on this house, and they NOW have a tax write off.

I too am an independant thinker. I question EVERY one even myself.

I needed to hear a good argument on why I am wrong in being worried about my “lowball” offer not being accepted and that maybe I misjudged. I thought maybe other areas, all the “better ones” are still correcting but maybe some are done. I needed to hear that I am wrong for that

[DWCAP]

your wrong.

[DWCAP]

your wrong.

[DWCAP]

your wrong.

[DWCAP]

your wrong.

[DWCAP]

your wrong.

[little lady]

“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.”

We don’t…….even the great ones @ that price…..

Houses that are selling round here are sub 400k…..that is why I am thinking maybe SANTEE and others like it ARE bottoming out……….

BUT I AM WRONG……..right?

[little lady]

“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.”

We don’t…….even the great ones @ that price…..

Houses that are selling round here are sub 400k…..that is why I am thinking maybe SANTEE and others like it ARE bottoming out……….

BUT I AM WRONG……..right?

[little lady]

“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.”

We don’t…….even the great ones @ that price…..

Houses that are selling round here are sub 400k…..that is why I am thinking maybe SANTEE and others like it ARE bottoming out……….

BUT I AM WRONG……..right?

[little lady]

“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.”

We don’t…….even the great ones @ that price…..

Houses that are selling round here are sub 400k…..that is why I am thinking maybe SANTEE and others like it ARE bottoming out……….

BUT I AM WRONG……..right?

[Author]

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