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NotCranky.
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December 13, 2007 at 12:52 PM #116345December 13, 2007 at 12:52 PM #116377
lonestar2000
ParticipantI’ve lived for 23 years in the same city in SoCal and I still have no idea what’s next door. Businesses are changing hands so fast that it would take a full time job to keep up. I don’t think anyone can claim that they know an area the size of a county, let alone an entire state, and much less an entire region.
Suffice it to say, pricing in any given area, more or less, must be in line with incomes. Location, weather, etc. do have a bearing, but there are only so many doctors and laweyers with six figure incomes that can afford half million dollar homes. The majority of properties are bought by average folk earning an honest, median living, and if you want to sell a home you have to price so it is actually affordable.
You can sell one or two overpriced stucco boxes a year, but what is that in the grand scheme of things?
December 13, 2007 at 12:52 PM #116421ParticipantI’ve lived for 23 years in the same city in SoCal and I still have no idea what’s next door. Businesses are changing hands so fast that it would take a full time job to keep up. I don’t think anyone can claim that they know an area the size of a county, let alone an entire state, and much less an entire region.
Suffice it to say, pricing in any given area, more or less, must be in line with incomes. Location, weather, etc. do have a bearing, but there are only so many doctors and laweyers with six figure incomes that can afford half million dollar homes. The majority of properties are bought by average folk earning an honest, median living, and if you want to sell a home you have to price so it is actually affordable.
You can sell one or two overpriced stucco boxes a year, but what is that in the grand scheme of things?
December 13, 2007 at 12:52 PM #116433ParticipantI’ve lived for 23 years in the same city in SoCal and I still have no idea what’s next door. Businesses are changing hands so fast that it would take a full time job to keep up. I don’t think anyone can claim that they know an area the size of a county, let alone an entire state, and much less an entire region.
Suffice it to say, pricing in any given area, more or less, must be in line with incomes. Location, weather, etc. do have a bearing, but there are only so many doctors and laweyers with six figure incomes that can afford half million dollar homes. The majority of properties are bought by average folk earning an honest, median living, and if you want to sell a home you have to price so it is actually affordable.
You can sell one or two overpriced stucco boxes a year, but what is that in the grand scheme of things?
December 13, 2007 at 12:59 PM #116225Ex-SD
ParticipantLOL!!!!!!!!!!!!!!!
I needed a good laugh. Still LOL!
When I first moved to SD, the population of the county was just under 1 million. Today, I believe it’s around 3 million. In Greenville-Spartanburg-Anderson, the population is just over 1 million and people are moving here in large numbers. In another thirty years, the population here will probably reach 3 million since there’s so much land. We’re only 60 miles from Asheville, 45 minutes to the Blue Ridge Parkway, two hours to Atlanta and one and a half hours to Charlotte. No beach but frankly, I was sick of the beach. I used to have a beautiful ocean view (less than 1/2 mile from the ocean) in SD. Now, my views in three directions are the Blue Ridge Mountains and the Great Smoky Mountains. Nope, it’s not San Diego but the property values are stable and likely to stay that way.
Good luck to those of you who are still disillusioned enough to think of buying before 2012 but what the hell, it’s your money, not mine. 🙂December 13, 2007 at 12:59 PM #116355ParticipantLOL!!!!!!!!!!!!!!!
I needed a good laugh. Still LOL!
When I first moved to SD, the population of the county was just under 1 million. Today, I believe it’s around 3 million. In Greenville-Spartanburg-Anderson, the population is just over 1 million and people are moving here in large numbers. In another thirty years, the population here will probably reach 3 million since there’s so much land. We’re only 60 miles from Asheville, 45 minutes to the Blue Ridge Parkway, two hours to Atlanta and one and a half hours to Charlotte. No beach but frankly, I was sick of the beach. I used to have a beautiful ocean view (less than 1/2 mile from the ocean) in SD. Now, my views in three directions are the Blue Ridge Mountains and the Great Smoky Mountains. Nope, it’s not San Diego but the property values are stable and likely to stay that way.
Good luck to those of you who are still disillusioned enough to think of buying before 2012 but what the hell, it’s your money, not mine. 🙂December 13, 2007 at 12:59 PM #116389ParticipantLOL!!!!!!!!!!!!!!!
I needed a good laugh. Still LOL!
When I first moved to SD, the population of the county was just under 1 million. Today, I believe it’s around 3 million. In Greenville-Spartanburg-Anderson, the population is just over 1 million and people are moving here in large numbers. In another thirty years, the population here will probably reach 3 million since there’s so much land. We’re only 60 miles from Asheville, 45 minutes to the Blue Ridge Parkway, two hours to Atlanta and one and a half hours to Charlotte. No beach but frankly, I was sick of the beach. I used to have a beautiful ocean view (less than 1/2 mile from the ocean) in SD. Now, my views in three directions are the Blue Ridge Mountains and the Great Smoky Mountains. Nope, it’s not San Diego but the property values are stable and likely to stay that way.
Good luck to those of you who are still disillusioned enough to think of buying before 2012 but what the hell, it’s your money, not mine. 🙂December 13, 2007 at 12:59 PM #116431ParticipantLOL!!!!!!!!!!!!!!!
I needed a good laugh. Still LOL!
When I first moved to SD, the population of the county was just under 1 million. Today, I believe it’s around 3 million. In Greenville-Spartanburg-Anderson, the population is just over 1 million and people are moving here in large numbers. In another thirty years, the population here will probably reach 3 million since there’s so much land. We’re only 60 miles from Asheville, 45 minutes to the Blue Ridge Parkway, two hours to Atlanta and one and a half hours to Charlotte. No beach but frankly, I was sick of the beach. I used to have a beautiful ocean view (less than 1/2 mile from the ocean) in SD. Now, my views in three directions are the Blue Ridge Mountains and the Great Smoky Mountains. Nope, it’s not San Diego but the property values are stable and likely to stay that way.
Good luck to those of you who are still disillusioned enough to think of buying before 2012 but what the hell, it’s your money, not mine. 🙂December 13, 2007 at 12:59 PM #116443ParticipantLOL!!!!!!!!!!!!!!!
I needed a good laugh. Still LOL!
When I first moved to SD, the population of the county was just under 1 million. Today, I believe it’s around 3 million. In Greenville-Spartanburg-Anderson, the population is just over 1 million and people are moving here in large numbers. In another thirty years, the population here will probably reach 3 million since there’s so much land. We’re only 60 miles from Asheville, 45 minutes to the Blue Ridge Parkway, two hours to Atlanta and one and a half hours to Charlotte. No beach but frankly, I was sick of the beach. I used to have a beautiful ocean view (less than 1/2 mile from the ocean) in SD. Now, my views in three directions are the Blue Ridge Mountains and the Great Smoky Mountains. Nope, it’s not San Diego but the property values are stable and likely to stay that way.
Good luck to those of you who are still disillusioned enough to think of buying before 2012 but what the hell, it’s your money, not mine. 🙂December 13, 2007 at 1:08 PM #116240RatherOpinionated
ParticipantEx-SD’s Bible.
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December 13, 2007 at 1:08 PM #116370ParticipantEx-SD’s Bible.
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December 13, 2007 at 1:08 PM #116404ParticipantEx-SD’s Bible.
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December 13, 2007 at 1:08 PM #116446ParticipantEx-SD’s Bible.
[img_assist|nid=5803|title=|desc=|link=node|align=left|width=466|height=466]
December 13, 2007 at 1:08 PM #116459ParticipantEx-SD’s Bible.
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December 13, 2007 at 1:48 PM #116264no_such_reality
ParticipantThere are a lot of people who got a taste of not working for a living and who are sitting on the sidelines trying to work the REO flips and such right now. By the time this drags on, I think these people will jump back in at the first opportunity.
That will the be the great Bull Trap of the spring 2008? Maybe 2009? Prices will actually appear to appreciate for a couple quarters, then they’ll expend their energy and the market will again recapitulate.
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