I find it interesting!!

[temeculaguy]

I’ll offer a different angle on the Carlsbad $100 a square debate. I paid about $90 a foot for my Temecula palace. I got ten fire insurance quotes and all of them claimed it would cost more than that to rebuild it. So effectively the land has zero value. Building costs can fluctuate but $100 a square is lowball estimate for building costs.

Land and location still has value, it had value in the great depression and it will even in GDII. Even with 25% unemployment, the other 75% would choose to move to nice coastal communities if the prices were the same everywhere, that very fact won;t allow the prices to be the same everywhere, supply and demand still rule the day. WIll coastal N. County go down, ABSOLUTELY!!! Because it hasn;t gone down the same percentage as other areas so it owes the invisible hand about 25%. Will it get to $100 a square with regularity, Hell NO!!!

It will get to 2001 pricing, not 2001 Santee pricing but 2001 pricing for the same house. In 1991 I paid $100 a square in Temecula, when it had two grovery stores and stop signs at the offramps. That was for a small home and sq ft always cost less the larger the home is but to think the fair price for carlsbad is equal to the 1991 Temecula price is absurd. Be prepared to be lucky to get the 2001 price or get a map and pick a new town cause wishing aint gonna do it.

[socrattt]

I was actually just hoping that when hyperinflation hits I could trade a few gold and silver bars along with a few of my guns for a house in La Costa Greens. I would choose Bressi, but I get a little claustrophobic in that place!! I know I am wishing and chances are slim to none to see $100/sqft, but dreaming never hurt no one!!

[socrattt]

I was actually just hoping that when hyperinflation hits I could trade a few gold and silver bars along with a few of my guns for a house in La Costa Greens. I would choose Bressi, but I get a little claustrophobic in that place!! I know I am wishing and chances are slim to none to see $100/sqft, but dreaming never hurt no one!!

[socrattt]

I was actually just hoping that when hyperinflation hits I could trade a few gold and silver bars along with a few of my guns for a house in La Costa Greens. I would choose Bressi, but I get a little claustrophobic in that place!! I know I am wishing and chances are slim to none to see $100/sqft, but dreaming never hurt no one!!

[socrattt]

I was actually just hoping that when hyperinflation hits I could trade a few gold and silver bars along with a few of my guns for a house in La Costa Greens. I would choose Bressi, but I get a little claustrophobic in that place!! I know I am wishing and chances are slim to none to see $100/sqft, but dreaming never hurt no one!!

[socrattt]

I was actually just hoping that when hyperinflation hits I could trade a few gold and silver bars along with a few of my guns for a house in La Costa Greens. I would choose Bressi, but I get a little claustrophobic in that place!! I know I am wishing and chances are slim to none to see $100/sqft, but dreaming never hurt no one!!

[sdrealtor]

If you ever see $150/sf again jump on it.

[sdrealtor]

If you ever see $150/sf again jump on it.

[sdrealtor]

If you ever see $150/sf again jump on it.

[sdrealtor]

If you ever see $150/sf again jump on it.

[sdrealtor]

If you ever see $150/sf again jump on it.

[scaredyclassic]

who can say? everybody’s bet so big on inflation, maybe we’re all about to get the biggets contrarian lesson in 100 years. What if $100 in 5 years is worth 3 x what it was in 1995? I mean, can you envision a future where a job making 100k a year is incredibly rare, where people are fighting for 10 dollar an hour jobs? if so, why cannot a house be 42,000 in tememcula? Why cannot it be 175k in carlsbad? it seems impossible because we’ve all been raised to believe inflation is as inevitable as death and taxes. If there’s been some fundamental miscalculation on that — maybe low low prices aren’t dreams. It’s just (a) you probably wont be able to afford it and (b) there will be some social chaos along the way. Comparing prices to rents current is specious because the rent could be 150 a month in the future — or some similar numebr that soudns absurd based on current conditions. yeah sure, if rent stayed the same, of course it would look silly. I am not saying I would bet money on this outcome, but i wouldn’t be shocked to see a very veryvery poor america in the future. and husing values and rents that match our actual level of wealth — that is low low pricing. I am not saying it’s liekly — just that i woudl assign it a less than trivial percentage of occurring.

[scaredyclassic]

who can say? everybody’s bet so big on inflation, maybe we’re all about to get the biggets contrarian lesson in 100 years. What if $100 in 5 years is worth 3 x what it was in 1995? I mean, can you envision a future where a job making 100k a year is incredibly rare, where people are fighting for 10 dollar an hour jobs? if so, why cannot a house be 42,000 in tememcula? Why cannot it be 175k in carlsbad? it seems impossible because we’ve all been raised to believe inflation is as inevitable as death and taxes. If there’s been some fundamental miscalculation on that — maybe low low prices aren’t dreams. It’s just (a) you probably wont be able to afford it and (b) there will be some social chaos along the way. Comparing prices to rents current is specious because the rent could be 150 a month in the future — or some similar numebr that soudns absurd based on current conditions. yeah sure, if rent stayed the same, of course it would look silly. I am not saying I would bet money on this outcome, but i wouldn’t be shocked to see a very veryvery poor america in the future. and husing values and rents that match our actual level of wealth — that is low low pricing. I am not saying it’s liekly — just that i woudl assign it a less than trivial percentage of occurring.

[scaredyclassic]

who can say? everybody’s bet so big on inflation, maybe we’re all about to get the biggets contrarian lesson in 100 years. What if $100 in 5 years is worth 3 x what it was in 1995? I mean, can you envision a future where a job making 100k a year is incredibly rare, where people are fighting for 10 dollar an hour jobs? if so, why cannot a house be 42,000 in tememcula? Why cannot it be 175k in carlsbad? it seems impossible because we’ve all been raised to believe inflation is as inevitable as death and taxes. If there’s been some fundamental miscalculation on that — maybe low low prices aren’t dreams. It’s just (a) you probably wont be able to afford it and (b) there will be some social chaos along the way. Comparing prices to rents current is specious because the rent could be 150 a month in the future — or some similar numebr that soudns absurd based on current conditions. yeah sure, if rent stayed the same, of course it would look silly. I am not saying I would bet money on this outcome, but i wouldn’t be shocked to see a very veryvery poor america in the future. and husing values and rents that match our actual level of wealth — that is low low pricing. I am not saying it’s liekly — just that i woudl assign it a less than trivial percentage of occurring.

[scaredyclassic]

who can say? everybody’s bet so big on inflation, maybe we’re all about to get the biggets contrarian lesson in 100 years. What if $100 in 5 years is worth 3 x what it was in 1995? I mean, can you envision a future where a job making 100k a year is incredibly rare, where people are fighting for 10 dollar an hour jobs? if so, why cannot a house be 42,000 in tememcula? Why cannot it be 175k in carlsbad? it seems impossible because we’ve all been raised to believe inflation is as inevitable as death and taxes. If there’s been some fundamental miscalculation on that — maybe low low prices aren’t dreams. It’s just (a) you probably wont be able to afford it and (b) there will be some social chaos along the way. Comparing prices to rents current is specious because the rent could be 150 a month in the future — or some similar numebr that soudns absurd based on current conditions. yeah sure, if rent stayed the same, of course it would look silly. I am not saying I would bet money on this outcome, but i wouldn’t be shocked to see a very veryvery poor america in the future. and husing values and rents that match our actual level of wealth — that is low low pricing. I am not saying it’s liekly — just that i woudl assign it a less than trivial percentage of occurring.

[Author]

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