Is 25 – 30% off a good deal?

[Ex-SD]

Jumby, I read an article last month on either MSNBC, CNN or Fox (can’t remember which one) where the author said that there were many homes that had been discounted 50% from the prices that they were selling at in 2005 in Ft. Lauderdale, Miami, Tampa and Fort Myers. I also saw the YouTube videos several months ago where new condos were auctioned and sold for 50% discounts in Miami and new townhomes in Fort Meyers. I also saw a television program that followed the stories of three sellers (one was in Fort Lauderdale) and all the things they had done to sell their home………………but with no luck. They had reduced their selling price several times and had reduced it over 25% at the time the program aired……………..still no sale.

I didn’t mean to imply that every piece of property in these markets had already dropped 50% in value but when you have the examples that I listed, that is enough smoke to believe that a fire is in the vicinity.
Yes, I am a Uber-Bear. Enough so, that my wife and I sold our home in Leucadia (with a great ocean view) in 2005 and moved out of CA because I was convinced that this would eventually happen. We had lived in San Diego for over 30 years. I knew it would be bad but I think it’s going to be much worse than I envisioned back in 2005.
I hope your plans work out to return to San Diego. It’s a great place to live.

[patientlywaiting]

There are many people that have Internet based jobs and can live any where in the world and are probably watching places like So Cal very closely….just waiting so they can swoop back in when they feel the time is right (I’m on of them).

I like my life in San Diego.  But can't say that I absolutely love it.  

But if I could work on the computer from anywhere in the world, I wouldn't live in San Diego.   I would rent somewhere in South America (like Rio) and hang out there for a while.  Then I'd move on to Southern Europe (perhaps Italy or Croatia).  There are so many great places in the world which are very nice and cheaper than San Diego (Tahiti, Virgin Islands, Fiji, Srilanka, Madagascar, etc…)   For $4000/month I could lead an idyllic life overseas.  

My wife would be pretty happy as we'd always be on holiday.  

 

[patientlywaiting]

There are many people that have Internet based jobs and can live any where in the world and are probably watching places like So Cal very closely….just waiting so they can swoop back in when they feel the time is right (I’m on of them).

I like my life in San Diego.  But can't say that I absolutely love it.  

But if I could work on the computer from anywhere in the world, I wouldn't live in San Diego.   I would rent somewhere in South America (like Rio) and hang out there for a while.  Then I'd move on to Southern Europe (perhaps Italy or Croatia).  There are so many great places in the world which are very nice and cheaper than San Diego (Tahiti, Virgin Islands, Fiji, Srilanka, Madagascar, etc…)   For $4000/month I could lead an idyllic life overseas.  

My wife would be pretty happy as we'd always be on holiday.  

 

[patientlywaiting]

There are many people that have Internet based jobs and can live any where in the world and are probably watching places like So Cal very closely….just waiting so they can swoop back in when they feel the time is right (I’m on of them).

I like my life in San Diego.  But can't say that I absolutely love it.  

But if I could work on the computer from anywhere in the world, I wouldn't live in San Diego.   I would rent somewhere in South America (like Rio) and hang out there for a while.  Then I'd move on to Southern Europe (perhaps Italy or Croatia).  There are so many great places in the world which are very nice and cheaper than San Diego (Tahiti, Virgin Islands, Fiji, Srilanka, Madagascar, etc…)   For $4000/month I could lead an idyllic life overseas.  

My wife would be pretty happy as we'd always be on holiday.  

 

[patientlywaiting]

There are many people that have Internet based jobs and can live any where in the world and are probably watching places like So Cal very closely….just waiting so they can swoop back in when they feel the time is right (I’m on of them).

I like my life in San Diego.  But can't say that I absolutely love it.  

But if I could work on the computer from anywhere in the world, I wouldn't live in San Diego.   I would rent somewhere in South America (like Rio) and hang out there for a while.  Then I'd move on to Southern Europe (perhaps Italy or Croatia).  There are so many great places in the world which are very nice and cheaper than San Diego (Tahiti, Virgin Islands, Fiji, Srilanka, Madagascar, etc…)   For $4000/month I could lead an idyllic life overseas.  

My wife would be pretty happy as we'd always be on holiday.  

 

[patientlywaiting]

There are many people that have Internet based jobs and can live any where in the world and are probably watching places like So Cal very closely….just waiting so they can swoop back in when they feel the time is right (I’m on of them).

I like my life in San Diego.  But can't say that I absolutely love it.  

But if I could work on the computer from anywhere in the world, I wouldn't live in San Diego.   I would rent somewhere in South America (like Rio) and hang out there for a while.  Then I'd move on to Southern Europe (perhaps Italy or Croatia).  There are so many great places in the world which are very nice and cheaper than San Diego (Tahiti, Virgin Islands, Fiji, Srilanka, Madagascar, etc…)   For $4000/month I could lead an idyllic life overseas.  

My wife would be pretty happy as we'd always be on holiday.  

 

[sandiego]

You kidding yourself if you think living overseas is a lot cheaper than the US (unless you want to live like a Chinese peasant).

First, if you are getting paid in US dollars, you are screwed.

Try buying gas anywhere else in the world besides the Middle East.

Food is not cheaper unless you want to live on bread and water.

[sandiego]

You kidding yourself if you think living overseas is a lot cheaper than the US (unless you want to live like a Chinese peasant).

First, if you are getting paid in US dollars, you are screwed.

Try buying gas anywhere else in the world besides the Middle East.

Food is not cheaper unless you want to live on bread and water.

[sandiego]

You kidding yourself if you think living overseas is a lot cheaper than the US (unless you want to live like a Chinese peasant).

First, if you are getting paid in US dollars, you are screwed.

Try buying gas anywhere else in the world besides the Middle East.

Food is not cheaper unless you want to live on bread and water.

[sandiego]

You kidding yourself if you think living overseas is a lot cheaper than the US (unless you want to live like a Chinese peasant).

First, if you are getting paid in US dollars, you are screwed.

Try buying gas anywhere else in the world besides the Middle East.

Food is not cheaper unless you want to live on bread and water.

[sandiego]

You kidding yourself if you think living overseas is a lot cheaper than the US (unless you want to live like a Chinese peasant).

First, if you are getting paid in US dollars, you are screwed.

Try buying gas anywhere else in the world besides the Middle East.

Food is not cheaper unless you want to live on bread and water.

[Jumby]

I deal with foreign investors that are licking their chops for 50% off in S FL, but like I said before; it’s only happened once so far and that was for 6 units (condos).

I know the auctioneer that did the auction for the Ft Myers condos that sold for 50% off, he is based right out of S FL, but Ft Myers IS NOT S FL.

I do recoginze prices are dropping fast just like So Cal, we will get hit very hard before it’s all said and done.

I’m looking forward to this playing out….

[Jumby]

I deal with foreign investors that are licking their chops for 50% off in S FL, but like I said before; it’s only happened once so far and that was for 6 units (condos).

I know the auctioneer that did the auction for the Ft Myers condos that sold for 50% off, he is based right out of S FL, but Ft Myers IS NOT S FL.

I do recoginze prices are dropping fast just like So Cal, we will get hit very hard before it’s all said and done.

I’m looking forward to this playing out….

[Jumby]

I deal with foreign investors that are licking their chops for 50% off in S FL, but like I said before; it’s only happened once so far and that was for 6 units (condos).

I know the auctioneer that did the auction for the Ft Myers condos that sold for 50% off, he is based right out of S FL, but Ft Myers IS NOT S FL.

I do recoginze prices are dropping fast just like So Cal, we will get hit very hard before it’s all said and done.

I’m looking forward to this playing out….

[Jumby]

I deal with foreign investors that are licking their chops for 50% off in S FL, but like I said before; it’s only happened once so far and that was for 6 units (condos).

I know the auctioneer that did the auction for the Ft Myers condos that sold for 50% off, he is based right out of S FL, but Ft Myers IS NOT S FL.

I do recoginze prices are dropping fast just like So Cal, we will get hit very hard before it’s all said and done.

I’m looking forward to this playing out….

[Author]

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