how low can it really go?

[poorsaver]

I can’t believe some of the numbers I’m reading on this site. $65 a foot? 100X rent? Unbelievable! In my area (Diamond Bar) I’m renting a 24 yr old home for $2850 a month, a house that’s 3800 sq. ft. and is valued at $1.3M. Let’s see, that’s 456X rent, and $342 a foot. And prices are stable, as there is not much inventory for sale. What’s maddening, too, is that I can drive thirty minutes and be in areas that are described here (Riverside, Corona) that are so much less expensive. Doesn’t seem fair.

[Nor-LA-SD-guy]

I think the CEO of Toll Brothers said it well,

Right now we are selling into the dirt, don’t think we can go much lower for new homes in a lot of areas.

Long term, I think I heard something like the population of socal grows at the rate of 1600 per day.

When you are selling into the dirt, the price might go lower but long term I think if you have the finances you will be OK

Good luck.

[Nor-LA-SD-guy]

I think the CEO of Toll Brothers said it well,

Right now we are selling into the dirt, don’t think we can go much lower for new homes in a lot of areas.

Long term, I think I heard something like the population of socal grows at the rate of 1600 per day.

When you are selling into the dirt, the price might go lower but long term I think if you have the finances you will be OK

Good luck.

[Nor-LA-SD-guy]

I think the CEO of Toll Brothers said it well,

Right now we are selling into the dirt, don’t think we can go much lower for new homes in a lot of areas.

Long term, I think I heard something like the population of socal grows at the rate of 1600 per day.

When you are selling into the dirt, the price might go lower but long term I think if you have the finances you will be OK

Good luck.

[Nor-LA-SD-guy]

I think the CEO of Toll Brothers said it well,

Right now we are selling into the dirt, don’t think we can go much lower for new homes in a lot of areas.

Long term, I think I heard something like the population of socal grows at the rate of 1600 per day.

When you are selling into the dirt, the price might go lower but long term I think if you have the finances you will be OK

Good luck.

[Nor-LA-SD-guy]

I think the CEO of Toll Brothers said it well,

Right now we are selling into the dirt, don’t think we can go much lower for new homes in a lot of areas.

Long term, I think I heard something like the population of socal grows at the rate of 1600 per day.

When you are selling into the dirt, the price might go lower but long term I think if you have the finances you will be OK

Good luck.

[Bugs]

I think the CEO of Toll Brothers is probably right – they can’t go much lower than their costs.

However, cost does not equal value. Values can and do go lower than costs. That risk is why developers can readily make a lot of money when times are good, and can just as readily go broke when times are bad.

BTW, costs are dropping, too, not that it much matters.

As for Diamond Bar, that area is closer to significant employment than points east. Your trend for correction will continue to march in from the periphery. It’s not a question of if, but when.

[Bugs]

I think the CEO of Toll Brothers is probably right – they can’t go much lower than their costs.

However, cost does not equal value. Values can and do go lower than costs. That risk is why developers can readily make a lot of money when times are good, and can just as readily go broke when times are bad.

BTW, costs are dropping, too, not that it much matters.

As for Diamond Bar, that area is closer to significant employment than points east. Your trend for correction will continue to march in from the periphery. It’s not a question of if, but when.

[Bugs]

I think the CEO of Toll Brothers is probably right – they can’t go much lower than their costs.

However, cost does not equal value. Values can and do go lower than costs. That risk is why developers can readily make a lot of money when times are good, and can just as readily go broke when times are bad.

BTW, costs are dropping, too, not that it much matters.

As for Diamond Bar, that area is closer to significant employment than points east. Your trend for correction will continue to march in from the periphery. It’s not a question of if, but when.

[Bugs]

I think the CEO of Toll Brothers is probably right – they can’t go much lower than their costs.

However, cost does not equal value. Values can and do go lower than costs. That risk is why developers can readily make a lot of money when times are good, and can just as readily go broke when times are bad.

BTW, costs are dropping, too, not that it much matters.

As for Diamond Bar, that area is closer to significant employment than points east. Your trend for correction will continue to march in from the periphery. It’s not a question of if, but when.

[Bugs]

I think the CEO of Toll Brothers is probably right – they can’t go much lower than their costs.

However, cost does not equal value. Values can and do go lower than costs. That risk is why developers can readily make a lot of money when times are good, and can just as readily go broke when times are bad.

BTW, costs are dropping, too, not that it much matters.

As for Diamond Bar, that area is closer to significant employment than points east. Your trend for correction will continue to march in from the periphery. It’s not a question of if, but when.

[kewp]

Long term, I think I heard something like the population of socal grows at the rate of 1600 per day.

Uh, based on what trend?

Unemployment is skyrocketing due to laid off RE workers. That trend will only accelerate over time.

[kewp]

Long term, I think I heard something like the population of socal grows at the rate of 1600 per day.

Uh, based on what trend?

Unemployment is skyrocketing due to laid off RE workers. That trend will only accelerate over time.

[kewp]

Long term, I think I heard something like the population of socal grows at the rate of 1600 per day.

Uh, based on what trend?

Unemployment is skyrocketing due to laid off RE workers. That trend will only accelerate over time.

[kewp]

Long term, I think I heard something like the population of socal grows at the rate of 1600 per day.

Uh, based on what trend?

Unemployment is skyrocketing due to laid off RE workers. That trend will only accelerate over time.

[Author]

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