Home sales continue plunge

[sdrealtor]

Ok I’ll give you 5-3. How much extra credit do I get for having a stock portfolio that hasnt had a single down year since 2002?

[Anonymous]

That is impressive sdr, but in terms of extra credit it depends on how good the up years were (i.e. not giving points for 3% growth every year)

[Anonymous]

That is impressive sdr, but in terms of extra credit it depends on how good the up years were (i.e. not giving points for 3% growth every year)

[Anonymous]

That is impressive sdr, but in terms of extra credit it depends on how good the up years were (i.e. not giving points for 3% growth every year)

[Anonymous]

That is impressive sdr, but in terms of extra credit it depends on how good the up years were (i.e. not giving points for 3% growth every year)

[Anonymous]

That is impressive sdr, but in terms of extra credit it depends on how good the up years were (i.e. not giving points for 3% growth every year)

[briansd1]

Real estate is plunging across the country.

And as sdrealtor pointed out, it’s been hammered in SD already, but government support propped it up more than in other parts of the country.

My SIL’s mother just bought at 4000sf foreclosure on the golf course in Orlando for $250k.

Government price support cannot be specifically targeted to local markets. San Diego (and other markets) suffered less of a price decline than other markets so, since everything is interconnected, it will stagnate longer while the rest of the country recovers.

If you have patience and SD coastal is your target market, then wait and let general inflation and house price stagnation give you the lower price you want.

Otherwise, as OCrenter said, look for to the inland areas of San Diego, or other parts of the country.

I would say that when most parts of country have dropped to Year 2000 nominal prices, the bottom is in.

But that doesn’t mean that in many markets (such as coastal SD), prices won’t stagnate at the bottom for a while. In my opinion, that will bring about more choices from the people with equity who, at a stage in life, need to sell.

Be patient.

[briansd1]

Real estate is plunging across the country.

And as sdrealtor pointed out, it’s been hammered in SD already, but government support propped it up more than in other parts of the country.

My SIL’s mother just bought at 4000sf foreclosure on the golf course in Orlando for $250k.

Government price support cannot be specifically targeted to local markets. San Diego (and other markets) suffered less of a price decline than other markets so, since everything is interconnected, it will stagnate longer while the rest of the country recovers.

If you have patience and SD coastal is your target market, then wait and let general inflation and house price stagnation give you the lower price you want.

Otherwise, as OCrenter said, look for to the inland areas of San Diego, or other parts of the country.

I would say that when most parts of country have dropped to Year 2000 nominal prices, the bottom is in.

But that doesn’t mean that in many markets (such as coastal SD), prices won’t stagnate at the bottom for a while. In my opinion, that will bring about more choices from the people with equity who, at a stage in life, need to sell.

Be patient.

[briansd1]

Real estate is plunging across the country.

And as sdrealtor pointed out, it’s been hammered in SD already, but government support propped it up more than in other parts of the country.

My SIL’s mother just bought at 4000sf foreclosure on the golf course in Orlando for $250k.

Government price support cannot be specifically targeted to local markets. San Diego (and other markets) suffered less of a price decline than other markets so, since everything is interconnected, it will stagnate longer while the rest of the country recovers.

If you have patience and SD coastal is your target market, then wait and let general inflation and house price stagnation give you the lower price you want.

Otherwise, as OCrenter said, look for to the inland areas of San Diego, or other parts of the country.

I would say that when most parts of country have dropped to Year 2000 nominal prices, the bottom is in.

But that doesn’t mean that in many markets (such as coastal SD), prices won’t stagnate at the bottom for a while. In my opinion, that will bring about more choices from the people with equity who, at a stage in life, need to sell.

Be patient.

[briansd1]

Real estate is plunging across the country.

And as sdrealtor pointed out, it’s been hammered in SD already, but government support propped it up more than in other parts of the country.

My SIL’s mother just bought at 4000sf foreclosure on the golf course in Orlando for $250k.

Government price support cannot be specifically targeted to local markets. San Diego (and other markets) suffered less of a price decline than other markets so, since everything is interconnected, it will stagnate longer while the rest of the country recovers.

If you have patience and SD coastal is your target market, then wait and let general inflation and house price stagnation give you the lower price you want.

Otherwise, as OCrenter said, look for to the inland areas of San Diego, or other parts of the country.

I would say that when most parts of country have dropped to Year 2000 nominal prices, the bottom is in.

But that doesn’t mean that in many markets (such as coastal SD), prices won’t stagnate at the bottom for a while. In my opinion, that will bring about more choices from the people with equity who, at a stage in life, need to sell.

Be patient.

[briansd1]

Real estate is plunging across the country.

And as sdrealtor pointed out, it’s been hammered in SD already, but government support propped it up more than in other parts of the country.

My SIL’s mother just bought at 4000sf foreclosure on the golf course in Orlando for $250k.

Government price support cannot be specifically targeted to local markets. San Diego (and other markets) suffered less of a price decline than other markets so, since everything is interconnected, it will stagnate longer while the rest of the country recovers.

If you have patience and SD coastal is your target market, then wait and let general inflation and house price stagnation give you the lower price you want.

Otherwise, as OCrenter said, look for to the inland areas of San Diego, or other parts of the country.

I would say that when most parts of country have dropped to Year 2000 nominal prices, the bottom is in.

But that doesn’t mean that in many markets (such as coastal SD), prices won’t stagnate at the bottom for a while. In my opinion, that will bring about more choices from the people with equity who, at a stage in life, need to sell.

Be patient.

[sdduuuude]

[quote=sdrealtor]DZ
I never said anything about2000 nominal prices causing a depression so that one isnt mine. I dont think we will see them in the better areas except on very high end properties but that is another matter.

The sarcasm is because, every time something like this appears in the news a bunch of posters show up with the I told you so’s and the same tired arguments. Each of these arguments look great on paper and have for quite a while but what looks good on paper and what happens on the streets are not the same. I look at it all with skepticism, both the good news and the bad news. Right down the middle with a stagnant economy is where we have been and where we are headed.

My post summing it all up was to save everyone from posting the same stuff that they have been for years.[/quote]

Saying the government is going to kick the can down the road is a way to be right until you are dead wrong.

I’m not saying it’s gonna happen this year or next or the next, but eventually you get to the end of the road, or you kick the can off a cliff.

Just the opposite is always expecting doom – you are always wrong until suddenly you are correct and look like a genius. Predicting 5 of the last 2 recessions makes one 2-3, not 2-0.

I’m not sure if I’d give you 8-0. You explicitly called for a non-bounce that ended up being a definitive bounce 🙂 Make it 7-0-1 for identifying a “non-down” period.

I have to admit, your short-term view of the market in No Co is pretty good, and you still hold to the long-term vision of “down more than up” while seeing when the market will turn.

I think we are in for a long series of up/down/up/down/up/down with the downs being a little more aggressive than the ups, resulting in a net “downage” over the next several years.

We have to be about ready for a downswing here soon, though. Certainly the national numbers look bleak.

I’m still liking this one from Dec 1, 2008:
“It wouldn’t shock me if this recession ended in late 2009, then another one hits in 2011 when all the people who have been bailed out realize they are still screwed.”

Maybe North-county coastal is at the top of the Margarita glass and wont be affected by Big Recession 2.0

[sdduuuude]

[quote=sdrealtor]DZ
I never said anything about2000 nominal prices causing a depression so that one isnt mine. I dont think we will see them in the better areas except on very high end properties but that is another matter.

The sarcasm is because, every time something like this appears in the news a bunch of posters show up with the I told you so’s and the same tired arguments. Each of these arguments look great on paper and have for quite a while but what looks good on paper and what happens on the streets are not the same. I look at it all with skepticism, both the good news and the bad news. Right down the middle with a stagnant economy is where we have been and where we are headed.

My post summing it all up was to save everyone from posting the same stuff that they have been for years.[/quote]

Saying the government is going to kick the can down the road is a way to be right until you are dead wrong.

I’m not saying it’s gonna happen this year or next or the next, but eventually you get to the end of the road, or you kick the can off a cliff.

Just the opposite is always expecting doom – you are always wrong until suddenly you are correct and look like a genius. Predicting 5 of the last 2 recessions makes one 2-3, not 2-0.

I’m not sure if I’d give you 8-0. You explicitly called for a non-bounce that ended up being a definitive bounce 🙂 Make it 7-0-1 for identifying a “non-down” period.

I have to admit, your short-term view of the market in No Co is pretty good, and you still hold to the long-term vision of “down more than up” while seeing when the market will turn.

I think we are in for a long series of up/down/up/down/up/down with the downs being a little more aggressive than the ups, resulting in a net “downage” over the next several years.

We have to be about ready for a downswing here soon, though. Certainly the national numbers look bleak.

I’m still liking this one from Dec 1, 2008:
“It wouldn’t shock me if this recession ended in late 2009, then another one hits in 2011 when all the people who have been bailed out realize they are still screwed.”

Maybe North-county coastal is at the top of the Margarita glass and wont be affected by Big Recession 2.0

[sdduuuude]

[quote=sdrealtor]DZ
I never said anything about2000 nominal prices causing a depression so that one isnt mine. I dont think we will see them in the better areas except on very high end properties but that is another matter.

The sarcasm is because, every time something like this appears in the news a bunch of posters show up with the I told you so’s and the same tired arguments. Each of these arguments look great on paper and have for quite a while but what looks good on paper and what happens on the streets are not the same. I look at it all with skepticism, both the good news and the bad news. Right down the middle with a stagnant economy is where we have been and where we are headed.

My post summing it all up was to save everyone from posting the same stuff that they have been for years.[/quote]

Saying the government is going to kick the can down the road is a way to be right until you are dead wrong.

I’m not saying it’s gonna happen this year or next or the next, but eventually you get to the end of the road, or you kick the can off a cliff.

Just the opposite is always expecting doom – you are always wrong until suddenly you are correct and look like a genius. Predicting 5 of the last 2 recessions makes one 2-3, not 2-0.

I’m not sure if I’d give you 8-0. You explicitly called for a non-bounce that ended up being a definitive bounce 🙂 Make it 7-0-1 for identifying a “non-down” period.

I have to admit, your short-term view of the market in No Co is pretty good, and you still hold to the long-term vision of “down more than up” while seeing when the market will turn.

I think we are in for a long series of up/down/up/down/up/down with the downs being a little more aggressive than the ups, resulting in a net “downage” over the next several years.

We have to be about ready for a downswing here soon, though. Certainly the national numbers look bleak.

I’m still liking this one from Dec 1, 2008:
“It wouldn’t shock me if this recession ended in late 2009, then another one hits in 2011 when all the people who have been bailed out realize they are still screwed.”

Maybe North-county coastal is at the top of the Margarita glass and wont be affected by Big Recession 2.0

[sdduuuude]

[quote=sdrealtor]DZ
I never said anything about2000 nominal prices causing a depression so that one isnt mine. I dont think we will see them in the better areas except on very high end properties but that is another matter.

The sarcasm is because, every time something like this appears in the news a bunch of posters show up with the I told you so’s and the same tired arguments. Each of these arguments look great on paper and have for quite a while but what looks good on paper and what happens on the streets are not the same. I look at it all with skepticism, both the good news and the bad news. Right down the middle with a stagnant economy is where we have been and where we are headed.

My post summing it all up was to save everyone from posting the same stuff that they have been for years.[/quote]

Saying the government is going to kick the can down the road is a way to be right until you are dead wrong.

I’m not saying it’s gonna happen this year or next or the next, but eventually you get to the end of the road, or you kick the can off a cliff.

Just the opposite is always expecting doom – you are always wrong until suddenly you are correct and look like a genius. Predicting 5 of the last 2 recessions makes one 2-3, not 2-0.

I’m not sure if I’d give you 8-0. You explicitly called for a non-bounce that ended up being a definitive bounce 🙂 Make it 7-0-1 for identifying a “non-down” period.

I have to admit, your short-term view of the market in No Co is pretty good, and you still hold to the long-term vision of “down more than up” while seeing when the market will turn.

I think we are in for a long series of up/down/up/down/up/down with the downs being a little more aggressive than the ups, resulting in a net “downage” over the next several years.

We have to be about ready for a downswing here soon, though. Certainly the national numbers look bleak.

I’m still liking this one from Dec 1, 2008:
“It wouldn’t shock me if this recession ended in late 2009, then another one hits in 2011 when all the people who have been bailed out realize they are still screwed.”

Maybe North-county coastal is at the top of the Margarita glass and wont be affected by Big Recession 2.0

[Author]

Posts