Housing won’t hit bottom ’til 2012

[Anonymous]

sdr, you continue to be so optimistic, yet you apparently believe (like I do) that San Diego case shiller will drop at least 10% in the next two years. If you didn’t belive that, you would have bet me.

[zzz]

Thanks BG, wasn’t suggesting you look them up, just pointing out to those who might be doubters haha

[zzz]

Thanks BG, wasn’t suggesting you look them up, just pointing out to those who might be doubters haha

[zzz]

Thanks BG, wasn’t suggesting you look them up, just pointing out to those who might be doubters haha

[zzz]

Thanks BG, wasn’t suggesting you look them up, just pointing out to those who might be doubters haha

[zzz]

Thanks BG, wasn’t suggesting you look them up, just pointing out to those who might be doubters haha

[sdrealtor]

deadzone you are full of shit. You have been completely discredited by facts and all you have is to questions the facts as being distorted or false? They were overwhelming the opposite of what you said. Not even close. I expected a “wow I had no idea that could be true” but instead you fiddle on. I think Case Shiller could very well drop 10% because it is a market wide stat and stats very often dont tell the reality. I dont care if prices are plummeting in Jamul and bringing the C-S index down. I care what is happening in the core markets I work in and those which all the folks here follow. I have beaten you into submission and you now look like a fool. Time to hang em up buddy. You have nothing.

[sdrealtor]

deadzone you are full of shit. You have been completely discredited by facts and all you have is to questions the facts as being distorted or false? They were overwhelming the opposite of what you said. Not even close. I expected a “wow I had no idea that could be true” but instead you fiddle on. I think Case Shiller could very well drop 10% because it is a market wide stat and stats very often dont tell the reality. I dont care if prices are plummeting in Jamul and bringing the C-S index down. I care what is happening in the core markets I work in and those which all the folks here follow. I have beaten you into submission and you now look like a fool. Time to hang em up buddy. You have nothing.

[sdrealtor]

deadzone you are full of shit. You have been completely discredited by facts and all you have is to questions the facts as being distorted or false? They were overwhelming the opposite of what you said. Not even close. I expected a “wow I had no idea that could be true” but instead you fiddle on. I think Case Shiller could very well drop 10% because it is a market wide stat and stats very often dont tell the reality. I dont care if prices are plummeting in Jamul and bringing the C-S index down. I care what is happening in the core markets I work in and those which all the folks here follow. I have beaten you into submission and you now look like a fool. Time to hang em up buddy. You have nothing.

[sdrealtor]

deadzone you are full of shit. You have been completely discredited by facts and all you have is to questions the facts as being distorted or false? They were overwhelming the opposite of what you said. Not even close. I expected a “wow I had no idea that could be true” but instead you fiddle on. I think Case Shiller could very well drop 10% because it is a market wide stat and stats very often dont tell the reality. I dont care if prices are plummeting in Jamul and bringing the C-S index down. I care what is happening in the core markets I work in and those which all the folks here follow. I have beaten you into submission and you now look like a fool. Time to hang em up buddy. You have nothing.

[sdrealtor]

deadzone you are full of shit. You have been completely discredited by facts and all you have is to questions the facts as being distorted or false? They were overwhelming the opposite of what you said. Not even close. I expected a “wow I had no idea that could be true” but instead you fiddle on. I think Case Shiller could very well drop 10% because it is a market wide stat and stats very often dont tell the reality. I dont care if prices are plummeting in Jamul and bringing the C-S index down. I care what is happening in the core markets I work in and those which all the folks here follow. I have beaten you into submission and you now look like a fool. Time to hang em up buddy. You have nothing.

[pemeliza]

Glad to see all talk about MH. zzz, are you talking about:

http://www.sdlookup.com/MLS-100060115-1256_Upas_St_San_Diego_CA_92103

Love that area but I still like north MH a little better. To add a bit to the MH strength of hands argument. I live in a pocket of homes in north MH that is full of family pass downs. Lots of $2M peak valued homes with tax values under 200k. The houses are probably worth low 1M$ now and I suppose if someone needed out they would sell for that because they have equity. On the other hand, the annual taxes are under $2000. Even houses that sold at the peak for $2M seem to be in very strong hands and the buyers put very large downpayments down. Also, many of the homes that sold in the last 10 years have been restored and have the Mills Act in place resulting in low property taxes. Yes, there are some people that got in over their head but many of those properties have already sold as REOs over the last couple of years, many over list price with bidding wars. Still the market is certainly not strong by any stretch and still very vulnerable given the current economy. In all I think it is a good time to try to find a deal in MH but you will likely not be the only buyer looking as zzz points out.

[pemeliza]

Glad to see all talk about MH. zzz, are you talking about:

http://www.sdlookup.com/MLS-100060115-1256_Upas_St_San_Diego_CA_92103

Love that area but I still like north MH a little better. To add a bit to the MH strength of hands argument. I live in a pocket of homes in north MH that is full of family pass downs. Lots of $2M peak valued homes with tax values under 200k. The houses are probably worth low 1M$ now and I suppose if someone needed out they would sell for that because they have equity. On the other hand, the annual taxes are under $2000. Even houses that sold at the peak for $2M seem to be in very strong hands and the buyers put very large downpayments down. Also, many of the homes that sold in the last 10 years have been restored and have the Mills Act in place resulting in low property taxes. Yes, there are some people that got in over their head but many of those properties have already sold as REOs over the last couple of years, many over list price with bidding wars. Still the market is certainly not strong by any stretch and still very vulnerable given the current economy. In all I think it is a good time to try to find a deal in MH but you will likely not be the only buyer looking as zzz points out.

[pemeliza]

Glad to see all talk about MH. zzz, are you talking about:

http://www.sdlookup.com/MLS-100060115-1256_Upas_St_San_Diego_CA_92103

Love that area but I still like north MH a little better. To add a bit to the MH strength of hands argument. I live in a pocket of homes in north MH that is full of family pass downs. Lots of $2M peak valued homes with tax values under 200k. The houses are probably worth low 1M$ now and I suppose if someone needed out they would sell for that because they have equity. On the other hand, the annual taxes are under $2000. Even houses that sold at the peak for $2M seem to be in very strong hands and the buyers put very large downpayments down. Also, many of the homes that sold in the last 10 years have been restored and have the Mills Act in place resulting in low property taxes. Yes, there are some people that got in over their head but many of those properties have already sold as REOs over the last couple of years, many over list price with bidding wars. Still the market is certainly not strong by any stretch and still very vulnerable given the current economy. In all I think it is a good time to try to find a deal in MH but you will likely not be the only buyer looking as zzz points out.

[pemeliza]

Glad to see all talk about MH. zzz, are you talking about:

http://www.sdlookup.com/MLS-100060115-1256_Upas_St_San_Diego_CA_92103

Love that area but I still like north MH a little better. To add a bit to the MH strength of hands argument. I live in a pocket of homes in north MH that is full of family pass downs. Lots of $2M peak valued homes with tax values under 200k. The houses are probably worth low 1M$ now and I suppose if someone needed out they would sell for that because they have equity. On the other hand, the annual taxes are under $2000. Even houses that sold at the peak for $2M seem to be in very strong hands and the buyers put very large downpayments down. Also, many of the homes that sold in the last 10 years have been restored and have the Mills Act in place resulting in low property taxes. Yes, there are some people that got in over their head but many of those properties have already sold as REOs over the last couple of years, many over list price with bidding wars. Still the market is certainly not strong by any stretch and still very vulnerable given the current economy. In all I think it is a good time to try to find a deal in MH but you will likely not be the only buyer looking as zzz points out.

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