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patientrenter.
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July 13, 2011 at 12:51 PM #18940July 13, 2011 at 1:51 PM #709524
UCGal
ParticipantOk… I think most people would agree that housing was overpriced during the bubble.
Do people want it to “recover” to the overpriced values? Or find a natural market.For decades housing appreciated VERY slowly… Often less than inflation. People might have to get used to that mindset again.
July 13, 2011 at 1:51 PM #710734UCGal
ParticipantOk… I think most people would agree that housing was overpriced during the bubble.
Do people want it to “recover” to the overpriced values? Or find a natural market.For decades housing appreciated VERY slowly… Often less than inflation. People might have to get used to that mindset again.
July 13, 2011 at 1:51 PM #709619UCGal
ParticipantOk… I think most people would agree that housing was overpriced during the bubble.
Do people want it to “recover” to the overpriced values? Or find a natural market.For decades housing appreciated VERY slowly… Often less than inflation. People might have to get used to that mindset again.
July 13, 2011 at 1:51 PM #710373UCGal
ParticipantOk… I think most people would agree that housing was overpriced during the bubble.
Do people want it to “recover” to the overpriced values? Or find a natural market.For decades housing appreciated VERY slowly… Often less than inflation. People might have to get used to that mindset again.
July 13, 2011 at 1:51 PM #710219UCGal
ParticipantOk… I think most people would agree that housing was overpriced during the bubble.
Do people want it to “recover” to the overpriced values? Or find a natural market.For decades housing appreciated VERY slowly… Often less than inflation. People might have to get used to that mindset again.
July 13, 2011 at 4:35 PM #709544pemeliza
ParticipantYes, it was a huge bubble but the excesses in terms of price have mostly been wrung out. The nasdaq peaked at around 5000 and is now back close to 3000 so that is 40% down from the peak. Realistically if you look at sales prices and not wish prices, 40% off peak pricing is about where we are now in housing. I have seen a few places in decent parts of Point Loma go for nearly 60% off of peak pricing but they seem like oddball deals.
At this point there still remains considerable distressed inventory but frankly how much of it is in the desirable areas? When considering interest rates the current prices seem reasonable and will be a good base to rebound off of (albeit at a more gentle pace) once the economy and job market recover.
July 13, 2011 at 4:35 PM #710754pemeliza
ParticipantYes, it was a huge bubble but the excesses in terms of price have mostly been wrung out. The nasdaq peaked at around 5000 and is now back close to 3000 so that is 40% down from the peak. Realistically if you look at sales prices and not wish prices, 40% off peak pricing is about where we are now in housing. I have seen a few places in decent parts of Point Loma go for nearly 60% off of peak pricing but they seem like oddball deals.
At this point there still remains considerable distressed inventory but frankly how much of it is in the desirable areas? When considering interest rates the current prices seem reasonable and will be a good base to rebound off of (albeit at a more gentle pace) once the economy and job market recover.
July 13, 2011 at 4:35 PM #710393pemeliza
ParticipantYes, it was a huge bubble but the excesses in terms of price have mostly been wrung out. The nasdaq peaked at around 5000 and is now back close to 3000 so that is 40% down from the peak. Realistically if you look at sales prices and not wish prices, 40% off peak pricing is about where we are now in housing. I have seen a few places in decent parts of Point Loma go for nearly 60% off of peak pricing but they seem like oddball deals.
At this point there still remains considerable distressed inventory but frankly how much of it is in the desirable areas? When considering interest rates the current prices seem reasonable and will be a good base to rebound off of (albeit at a more gentle pace) once the economy and job market recover.
July 13, 2011 at 4:35 PM #709639pemeliza
ParticipantYes, it was a huge bubble but the excesses in terms of price have mostly been wrung out. The nasdaq peaked at around 5000 and is now back close to 3000 so that is 40% down from the peak. Realistically if you look at sales prices and not wish prices, 40% off peak pricing is about where we are now in housing. I have seen a few places in decent parts of Point Loma go for nearly 60% off of peak pricing but they seem like oddball deals.
At this point there still remains considerable distressed inventory but frankly how much of it is in the desirable areas? When considering interest rates the current prices seem reasonable and will be a good base to rebound off of (albeit at a more gentle pace) once the economy and job market recover.
July 13, 2011 at 4:35 PM #710239pemeliza
ParticipantYes, it was a huge bubble but the excesses in terms of price have mostly been wrung out. The nasdaq peaked at around 5000 and is now back close to 3000 so that is 40% down from the peak. Realistically if you look at sales prices and not wish prices, 40% off peak pricing is about where we are now in housing. I have seen a few places in decent parts of Point Loma go for nearly 60% off of peak pricing but they seem like oddball deals.
At this point there still remains considerable distressed inventory but frankly how much of it is in the desirable areas? When considering interest rates the current prices seem reasonable and will be a good base to rebound off of (albeit at a more gentle pace) once the economy and job market recover.
July 13, 2011 at 5:00 PM #710249jstoesz
ParticipantLiving in sac…things could be/may be getting a lot worse for SD. Many neighborhoods around here can only wish for the “meager” 30-40% reductions of SD. Granted the economy up here is not much better than Detroit, but houses are certainly much more affordable.
July 13, 2011 at 5:00 PM #710764jstoesz
ParticipantLiving in sac…things could be/may be getting a lot worse for SD. Many neighborhoods around here can only wish for the “meager” 30-40% reductions of SD. Granted the economy up here is not much better than Detroit, but houses are certainly much more affordable.
July 13, 2011 at 5:00 PM #710403jstoesz
ParticipantLiving in sac…things could be/may be getting a lot worse for SD. Many neighborhoods around here can only wish for the “meager” 30-40% reductions of SD. Granted the economy up here is not much better than Detroit, but houses are certainly much more affordable.
July 13, 2011 at 5:00 PM #709649jstoesz
ParticipantLiving in sac…things could be/may be getting a lot worse for SD. Many neighborhoods around here can only wish for the “meager” 30-40% reductions of SD. Granted the economy up here is not much better than Detroit, but houses are certainly much more affordable.
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