Housing won’t hit bottom ’til 2012

[bearishgurl]

[quote=jpinpb]BG – just going by what I’ve seen last year versus now compared to the bubble price. Not talking about view or fixers. Just noticing the decline in prices in areas that were holding up last year. Some listings were holding on to wish-upon-a-star prices and have had to deal with reality and reduce.[/quote]

Agreed, but if some of these “reduced” properties had a present or potential “sit-down skyline view” to offer from INSIDE the “living areas” of the home to offer (NOT a “peek” view out a corner bathroom window, lol), they wouldn’t have had to reduce to this degree. In 92106, the value is COMPLETELY DEPENDENT upon the “amenities” of the individual property.

[bearishgurl]

In a nutshell, what I am trying to convey here, is that in areas where sellers can hang on indefinitely (i.e. areas with many “prop-13” owners w/zero encumbrances and few “distressed properties”), the “bottom” has passed. I’m not saying these values will now skyrocket but don’t expect them to go down, either.

There are MANY micro areas in SD County which fit this criteria. It doesn’t have anything to do with current value of these properties. It only has to do with whether they will go down some more. IMO, the answer to this is NO.

[bearishgurl]

In a nutshell, what I am trying to convey here, is that in areas where sellers can hang on indefinitely (i.e. areas with many “prop-13” owners w/zero encumbrances and few “distressed properties”), the “bottom” has passed. I’m not saying these values will now skyrocket but don’t expect them to go down, either.

There are MANY micro areas in SD County which fit this criteria. It doesn’t have anything to do with current value of these properties. It only has to do with whether they will go down some more. IMO, the answer to this is NO.

[bearishgurl]

In a nutshell, what I am trying to convey here, is that in areas where sellers can hang on indefinitely (i.e. areas with many “prop-13” owners w/zero encumbrances and few “distressed properties”), the “bottom” has passed. I’m not saying these values will now skyrocket but don’t expect them to go down, either.

There are MANY micro areas in SD County which fit this criteria. It doesn’t have anything to do with current value of these properties. It only has to do with whether they will go down some more. IMO, the answer to this is NO.

[bearishgurl]

In a nutshell, what I am trying to convey here, is that in areas where sellers can hang on indefinitely (i.e. areas with many “prop-13” owners w/zero encumbrances and few “distressed properties”), the “bottom” has passed. I’m not saying these values will now skyrocket but don’t expect them to go down, either.

There are MANY micro areas in SD County which fit this criteria. It doesn’t have anything to do with current value of these properties. It only has to do with whether they will go down some more. IMO, the answer to this is NO.

[bearishgurl]

In a nutshell, what I am trying to convey here, is that in areas where sellers can hang on indefinitely (i.e. areas with many “prop-13” owners w/zero encumbrances and few “distressed properties”), the “bottom” has passed. I’m not saying these values will now skyrocket but don’t expect them to go down, either.

There are MANY micro areas in SD County which fit this criteria. It doesn’t have anything to do with current value of these properties. It only has to do with whether they will go down some more. IMO, the answer to this is NO.

[GH]

We are now five years off peak, and have finished the first dead cat bounce. I give it till 2016 or later depending on how bad things get in other areas of the economy. For better or worse, it looks likely that we will have a republican Senate, Congress and President in two years. It seems better when we have a deadlock situation.

[GH]

We are now five years off peak, and have finished the first dead cat bounce. I give it till 2016 or later depending on how bad things get in other areas of the economy. For better or worse, it looks likely that we will have a republican Senate, Congress and President in two years. It seems better when we have a deadlock situation.

[GH]

We are now five years off peak, and have finished the first dead cat bounce. I give it till 2016 or later depending on how bad things get in other areas of the economy. For better or worse, it looks likely that we will have a republican Senate, Congress and President in two years. It seems better when we have a deadlock situation.

[GH]

We are now five years off peak, and have finished the first dead cat bounce. I give it till 2016 or later depending on how bad things get in other areas of the economy. For better or worse, it looks likely that we will have a republican Senate, Congress and President in two years. It seems better when we have a deadlock situation.

[GH]

We are now five years off peak, and have finished the first dead cat bounce. I give it till 2016 or later depending on how bad things get in other areas of the economy. For better or worse, it looks likely that we will have a republican Senate, Congress and President in two years. It seems better when we have a deadlock situation.

[Anonymous]

Can you give some specific examples of these “micro areas” where you think the bottom as passed?

[Anonymous]

Can you give some specific examples of these “micro areas” where you think the bottom as passed?

[Anonymous]

Can you give some specific examples of these “micro areas” where you think the bottom as passed?

[Anonymous]

Can you give some specific examples of these “micro areas” where you think the bottom as passed?

[Author]

Posts