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Do they take Monopoly Money? $350 is a tad bit on the high side of never.
I found a post from sdrealtor, writing that the UCLA Anderson group missed the 1990’s price bust too. They said prices couldn’t go down.
Submitted by sdrealtor on April 3, 2006 – 9:42pm.
If most people in SD sold who would buy their houses?As for the minds at Anderson/UCLA my favorite story comes from a colleague of mine. Those brilliant minds made a presentation to his company 2 months before the last crash in the early 1990’s and said that CA was recession proof and that real estate never went down. Unfortunately, he listened to them and lost everything he had. He’s still trying to recover.
Another lipstick on the pig ceremony.
What does that mean? Lipstick on a pig? Sorry to be so clueless.
“Foreclosures are at an all-time high.”
Are you sure that’s correct? My understanding is that the foreclosure rate was many multiples of the current rate back in 1990-1994 here in California.
Lipstick on a pig… Dressing the pig?
I’ve heard these terms used to describe trying to make something look better to sell it.
Like painting over the leak stains on your ceiling instead of fixing the roof, etc…
I ask again…
“Foreclosures are at an all-time high.”
Are you sure that’s correct? My understanding is that the foreclosure rate was many multiples of the current rate back in 1990-1994 here in California.
I agree davelj. Foreclosures are not at an all time high. I think many people have forgotten that foreclosures are a normal part of the housing market. Since the market here in San Diego has been so hot the past few years, foreclosures have been a rarity. Perhaps the “all time high” was referring to just the past couple of years?
Yes, I was referring to the past few years. Every time a foreclosure report comes out, we set a new record for this housing cycle.