How much further will the SD market go down.

[andymajumder]

It seems the first phase of decline in SD maybe over and now probably the next phase of slower decline begins. Fellow pigs have saved me a huge amount of money with all the info on this site and I will continue to wait. I am about to renew my apartment’s lease for another year till next May.
I wonder how much further you guys expect prices to fall over the next 2years, perhaps till the end of 2009. I am looking at the following areas, Scripps Ranch, 4S Ranch, Rancho Penasquitos, Carmel Mountain Ranch, Rancho Bernardo, SEH.
I would expect to see another 10-15% decline from now. Would be pleasantly surprised if we saw another 20% decline. It just seems we do have a lot of buyers still waiting on the sidelines, as indicated by the fact that a reasonably good deal gets scooped up very quickly now. I understand the amount of decline depends on a quite few factors such the extent of bail-outs, how badly or how soon the economy recovers, who wins in November…But would like some feedback from you guys as to much further of a decline do we expect for the above mentioned areas by the end of next year or 2010.

Thanks,
-Andy

[hipmatt]

I think you are doing the right thing by waiting. My guess has always been 2010, and I’m gonna stick to it, but well only know after the bottom has been reached for sure.

[hipmatt]

I think you are doing the right thing by waiting. My guess has always been 2010, and I’m gonna stick to it, but well only know after the bottom has been reached for sure.

[hipmatt]

I think you are doing the right thing by waiting. My guess has always been 2010, and I’m gonna stick to it, but well only know after the bottom has been reached for sure.

[hipmatt]

I think you are doing the right thing by waiting. My guess has always been 2010, and I’m gonna stick to it, but well only know after the bottom has been reached for sure.

[hipmatt]

I think you are doing the right thing by waiting. My guess has always been 2010, and I’m gonna stick to it, but well only know after the bottom has been reached for sure.

[contraman]

You remember what happened a few Fridays ago when Bear Stearns went from 60 to 30? Do you remember?

Alot of greedy people bought at 30 thinking the sell off was overdone. On Monday, they were eating xanax bars for breakfast…..

Again, study past cycles and realize that an asset that has severely appreciated goes down in steps. We have had the first step and alot of people think the worst is over and are buying because “they don’t want to miss out” mentality.

Don’t be fooled we are only half way there my friends….the cancer spreads slow into every sector….

Ask all the people that work for Dell Computers in TX…..all 8800 of them that are going to be without a job for awhile how the mortgage payment is coming along….

You think Qualcomm is going to go unscathed from the major pull back in consumer spending???? Wait for the announcement in Q3.

PATIENCE…..RENT FOR 2 YEARS….

Sincerely, Contraman

[contraman]

You remember what happened a few Fridays ago when Bear Stearns went from 60 to 30? Do you remember?

Alot of greedy people bought at 30 thinking the sell off was overdone. On Monday, they were eating xanax bars for breakfast…..

Again, study past cycles and realize that an asset that has severely appreciated goes down in steps. We have had the first step and alot of people think the worst is over and are buying because “they don’t want to miss out” mentality.

Don’t be fooled we are only half way there my friends….the cancer spreads slow into every sector….

Ask all the people that work for Dell Computers in TX…..all 8800 of them that are going to be without a job for awhile how the mortgage payment is coming along….

You think Qualcomm is going to go unscathed from the major pull back in consumer spending???? Wait for the announcement in Q3.

PATIENCE…..RENT FOR 2 YEARS….

Sincerely, Contraman

[contraman]

You remember what happened a few Fridays ago when Bear Stearns went from 60 to 30? Do you remember?

Alot of greedy people bought at 30 thinking the sell off was overdone. On Monday, they were eating xanax bars for breakfast…..

Again, study past cycles and realize that an asset that has severely appreciated goes down in steps. We have had the first step and alot of people think the worst is over and are buying because “they don’t want to miss out” mentality.

Don’t be fooled we are only half way there my friends….the cancer spreads slow into every sector….

Ask all the people that work for Dell Computers in TX…..all 8800 of them that are going to be without a job for awhile how the mortgage payment is coming along….

You think Qualcomm is going to go unscathed from the major pull back in consumer spending???? Wait for the announcement in Q3.

PATIENCE…..RENT FOR 2 YEARS….

Sincerely, Contraman

[contraman]

You remember what happened a few Fridays ago when Bear Stearns went from 60 to 30? Do you remember?

Alot of greedy people bought at 30 thinking the sell off was overdone. On Monday, they were eating xanax bars for breakfast…..

Again, study past cycles and realize that an asset that has severely appreciated goes down in steps. We have had the first step and alot of people think the worst is over and are buying because “they don’t want to miss out” mentality.

Don’t be fooled we are only half way there my friends….the cancer spreads slow into every sector….

Ask all the people that work for Dell Computers in TX…..all 8800 of them that are going to be without a job for awhile how the mortgage payment is coming along….

You think Qualcomm is going to go unscathed from the major pull back in consumer spending???? Wait for the announcement in Q3.

PATIENCE…..RENT FOR 2 YEARS….

Sincerely, Contraman

[contraman]

You remember what happened a few Fridays ago when Bear Stearns went from 60 to 30? Do you remember?

Alot of greedy people bought at 30 thinking the sell off was overdone. On Monday, they were eating xanax bars for breakfast…..

Again, study past cycles and realize that an asset that has severely appreciated goes down in steps. We have had the first step and alot of people think the worst is over and are buying because “they don’t want to miss out” mentality.

Don’t be fooled we are only half way there my friends….the cancer spreads slow into every sector….

Ask all the people that work for Dell Computers in TX…..all 8800 of them that are going to be without a job for awhile how the mortgage payment is coming along….

You think Qualcomm is going to go unscathed from the major pull back in consumer spending???? Wait for the announcement in Q3.

PATIENCE…..RENT FOR 2 YEARS….

Sincerely, Contraman

[La Jolla Renter]

I agree it sure feels like there are a fair amount of buyers on the sideline. My hunch is that those buyers are going to get even more conservative as the market falls and job security becomes an issue.

The mortgage amount I personally am willing to take on has dropped about 25% over the past year. My future income does not look as good as it did one year ago.

[La Jolla Renter]

I agree it sure feels like there are a fair amount of buyers on the sideline. My hunch is that those buyers are going to get even more conservative as the market falls and job security becomes an issue.

The mortgage amount I personally am willing to take on has dropped about 25% over the past year. My future income does not look as good as it did one year ago.

[La Jolla Renter]

I agree it sure feels like there are a fair amount of buyers on the sideline. My hunch is that those buyers are going to get even more conservative as the market falls and job security becomes an issue.

The mortgage amount I personally am willing to take on has dropped about 25% over the past year. My future income does not look as good as it did one year ago.

[La Jolla Renter]

I agree it sure feels like there are a fair amount of buyers on the sideline. My hunch is that those buyers are going to get even more conservative as the market falls and job security becomes an issue.

The mortgage amount I personally am willing to take on has dropped about 25% over the past year. My future income does not look as good as it did one year ago.

[Author]

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