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(former)FormerSanDiegan.
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November 28, 2007 at 12:11 PM #104594November 28, 2007 at 12:28 PM #104459
Ex-SD
Participant“1998 price was $210K is that what you think this house will be worth?”
I think that there is a strong chance that it could go that low. Look at what’s happening already in Florida. Houses that were selling for $500k just two years ago are now selling for $300k and they’re not 75 miles away from the large cities. Prices are continuing to drop. This is unlike anything that we have seen in my lifetime and at the very least, prices will drop in SoCal to 2000 levels or below. I just happen to think that it’s severe enough to go back to 1997 levels.
And……….Alex Angel………I have read enough of your idiotic posts to know beyond a shadow of a doubt that I already know a great deal more than you will ever know about economics if you lived to be 200 years old. You’re the poster boy for the “buffoon of the year” when it comes to the state of the housing market.
November 28, 2007 at 12:28 PM #104549Participant“1998 price was $210K is that what you think this house will be worth?”
I think that there is a strong chance that it could go that low. Look at what’s happening already in Florida. Houses that were selling for $500k just two years ago are now selling for $300k and they’re not 75 miles away from the large cities. Prices are continuing to drop. This is unlike anything that we have seen in my lifetime and at the very least, prices will drop in SoCal to 2000 levels or below. I just happen to think that it’s severe enough to go back to 1997 levels.
And……….Alex Angel………I have read enough of your idiotic posts to know beyond a shadow of a doubt that I already know a great deal more than you will ever know about economics if you lived to be 200 years old. You’re the poster boy for the “buffoon of the year” when it comes to the state of the housing market.
November 28, 2007 at 12:28 PM #104557Participant“1998 price was $210K is that what you think this house will be worth?”
I think that there is a strong chance that it could go that low. Look at what’s happening already in Florida. Houses that were selling for $500k just two years ago are now selling for $300k and they’re not 75 miles away from the large cities. Prices are continuing to drop. This is unlike anything that we have seen in my lifetime and at the very least, prices will drop in SoCal to 2000 levels or below. I just happen to think that it’s severe enough to go back to 1997 levels.
And……….Alex Angel………I have read enough of your idiotic posts to know beyond a shadow of a doubt that I already know a great deal more than you will ever know about economics if you lived to be 200 years old. You’re the poster boy for the “buffoon of the year” when it comes to the state of the housing market.
November 28, 2007 at 12:28 PM #104583Participant“1998 price was $210K is that what you think this house will be worth?”
I think that there is a strong chance that it could go that low. Look at what’s happening already in Florida. Houses that were selling for $500k just two years ago are now selling for $300k and they’re not 75 miles away from the large cities. Prices are continuing to drop. This is unlike anything that we have seen in my lifetime and at the very least, prices will drop in SoCal to 2000 levels or below. I just happen to think that it’s severe enough to go back to 1997 levels.
And……….Alex Angel………I have read enough of your idiotic posts to know beyond a shadow of a doubt that I already know a great deal more than you will ever know about economics if you lived to be 200 years old. You’re the poster boy for the “buffoon of the year” when it comes to the state of the housing market.
November 28, 2007 at 12:28 PM #104604Participant“1998 price was $210K is that what you think this house will be worth?”
I think that there is a strong chance that it could go that low. Look at what’s happening already in Florida. Houses that were selling for $500k just two years ago are now selling for $300k and they’re not 75 miles away from the large cities. Prices are continuing to drop. This is unlike anything that we have seen in my lifetime and at the very least, prices will drop in SoCal to 2000 levels or below. I just happen to think that it’s severe enough to go back to 1997 levels.
And……….Alex Angel………I have read enough of your idiotic posts to know beyond a shadow of a doubt that I already know a great deal more than you will ever know about economics if you lived to be 200 years old. You’re the poster boy for the “buffoon of the year” when it comes to the state of the housing market.
November 28, 2007 at 12:31 PM #104464golfproz
ParticipantPrices are not going to 97 levels unless the whole country goes down the crapper. 97 levels were near the bottom of the last bust. Things were just barely starting to appreciate again in 97 after 5 or 6 years of steady declines . If prices tank to 2001/2 levels they should be somewhere in line with rents. That’s where they will probably settle.
November 28, 2007 at 12:31 PM #104554ParticipantPrices are not going to 97 levels unless the whole country goes down the crapper. 97 levels were near the bottom of the last bust. Things were just barely starting to appreciate again in 97 after 5 or 6 years of steady declines . If prices tank to 2001/2 levels they should be somewhere in line with rents. That’s where they will probably settle.
November 28, 2007 at 12:31 PM #104562ParticipantPrices are not going to 97 levels unless the whole country goes down the crapper. 97 levels were near the bottom of the last bust. Things were just barely starting to appreciate again in 97 after 5 or 6 years of steady declines . If prices tank to 2001/2 levels they should be somewhere in line with rents. That’s where they will probably settle.
November 28, 2007 at 12:31 PM #104588ParticipantPrices are not going to 97 levels unless the whole country goes down the crapper. 97 levels were near the bottom of the last bust. Things were just barely starting to appreciate again in 97 after 5 or 6 years of steady declines . If prices tank to 2001/2 levels they should be somewhere in line with rents. That’s where they will probably settle.
November 28, 2007 at 12:31 PM #104609ParticipantPrices are not going to 97 levels unless the whole country goes down the crapper. 97 levels were near the bottom of the last bust. Things were just barely starting to appreciate again in 97 after 5 or 6 years of steady declines . If prices tank to 2001/2 levels they should be somewhere in line with rents. That’s where they will probably settle.
November 28, 2007 at 12:37 PM #104474lendingbubblecontinues
Participantseem to recall someone, and I think it was Alex_angel, was not familiar with the abbreviation “WSJ” just a couple months back. (again, Alex….it stands for Wall Street Journal)
apparently, he has become a wizard of Economics within the last several months
Ex-SD…I’m with you on what is going to happen here. It’s going to knock people’s socks off!
Now, I am becoming increasingly unsure about whether or not we will even stay here in San Diego when prices DO drop to where they should be. Getting pretty tired of waiting, and realizing that there are a LOT of negatives (besides home prices) here in Southern California, we have recently begun exploring the notion of going back to “ancestral” roots in the Rust-belt…Yikes!
November 28, 2007 at 12:37 PM #104564Participantseem to recall someone, and I think it was Alex_angel, was not familiar with the abbreviation “WSJ” just a couple months back. (again, Alex….it stands for Wall Street Journal)
apparently, he has become a wizard of Economics within the last several months
Ex-SD…I’m with you on what is going to happen here. It’s going to knock people’s socks off!
Now, I am becoming increasingly unsure about whether or not we will even stay here in San Diego when prices DO drop to where they should be. Getting pretty tired of waiting, and realizing that there are a LOT of negatives (besides home prices) here in Southern California, we have recently begun exploring the notion of going back to “ancestral” roots in the Rust-belt…Yikes!
November 28, 2007 at 12:37 PM #104572Participantseem to recall someone, and I think it was Alex_angel, was not familiar with the abbreviation “WSJ” just a couple months back. (again, Alex….it stands for Wall Street Journal)
apparently, he has become a wizard of Economics within the last several months
Ex-SD…I’m with you on what is going to happen here. It’s going to knock people’s socks off!
Now, I am becoming increasingly unsure about whether or not we will even stay here in San Diego when prices DO drop to where they should be. Getting pretty tired of waiting, and realizing that there are a LOT of negatives (besides home prices) here in Southern California, we have recently begun exploring the notion of going back to “ancestral” roots in the Rust-belt…Yikes!
November 28, 2007 at 12:37 PM #104598Participantseem to recall someone, and I think it was Alex_angel, was not familiar with the abbreviation “WSJ” just a couple months back. (again, Alex….it stands for Wall Street Journal)
apparently, he has become a wizard of Economics within the last several months
Ex-SD…I’m with you on what is going to happen here. It’s going to knock people’s socks off!
Now, I am becoming increasingly unsure about whether or not we will even stay here in San Diego when prices DO drop to where they should be. Getting pretty tired of waiting, and realizing that there are a LOT of negatives (besides home prices) here in Southern California, we have recently begun exploring the notion of going back to “ancestral” roots in the Rust-belt…Yikes!
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