[quote=deadzone]No, seriously it isn’t even close in La Jolla (or PB, or Pt Loma, etc..). Recently things are starting to inch down, but still looking at 2003-2004 prices. The rent vs own comparison is no contest. Only reasonable prices in La Jolla (relatively speaking) are for run-down places, or on the landslide area of Soledad, or places with ridiculous (> $500) HOAs so the economics just don’t make sense vs renting.[/quote]
I think problem # 1 is you’re looking at the attached markets.
How about a little dumpster dive to back when Brian was not pretending he was someone else? Is anyone in contact with any of these folks? It would be fun to catch up and see what became of them and who ultimately was proven correct?
Poor deadzone. Wonder what ever happened to him and CA renter, Bearishgurl, JPinPB, sdrealtor, SD Realtor, UCGal, AN, ocrenter and others? Someone should message them and see if they’ll come back and update what happened. Who were the winners and losers?
Looking at Rich’s graphs it looks like the bottom was 2009 to 2011. Things were already going up in 2012 and fast!
Excellent so one year after this thread. Looking at the graphs the differences between 2009 to the end of 2011 looked pretty marginal? Looks like the time this thread took place was a spectacular time to buy as the rocket ship launched again early 2012. Any way to reach out to the participants? Would be great to hear how they all fared.
[quote=AN]I could have sworn we’ve been talking about foreclosure tsunami for 4 years now. I guess we’ll to have to wait 2 more years to put this theory to rest. True or not, we’re 2/3 of the way through the tsunami in term of time. Only 2 more years to go.[/quote]
Damn, did I fell asleep and missed the tsunami?
[quote=AN][quote=jstoesz]That 40k number I assume includes appreciation. Just like to point out that buying a decade ago was a better time for appreciation than today. Then again, who knows maybe we are on the precipice of another leg up![/quote]
Hind sight will be 20/20. We maybe on a precipice of a melt down too.[/quote]
Hot damn, should have bought 10 in point Loma 10 years ago… Or anywhere for that matter.
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