- This topic has 74 replies, 18 voices, and was last updated 16 years, 11 months ago by
dontfollowtheherd.
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June 7, 2007 at 1:31 PM #57589June 7, 2007 at 1:36 PM #57574
(former)FormerSanDiegan
ParticipantThis is too bad.
When the other shoes drop in June, then July, then August, then September, Oct, Nov and December we will find out that the housing market had eight legs and ls2008 won’t be able to gloat.
June 7, 2007 at 1:36 PM #57597ParticipantThis is too bad.
When the other shoes drop in June, then July, then August, then September, Oct, Nov and December we will find out that the housing market had eight legs and ls2008 won’t be able to gloat.
June 7, 2007 at 1:40 PM #57576PD
ParticipantWho wants to bet that LS08 will be like more like Powayseller than Docteur in keeping to his threat to leave?
If LS8 is so bearish, why late summer 08? IMO, that is too early. Fall 09 might show the first good buying opportunities.
June 7, 2007 at 1:40 PM #57599ParticipantWho wants to bet that LS08 will be like more like Powayseller than Docteur in keeping to his threat to leave?
If LS8 is so bearish, why late summer 08? IMO, that is too early. Fall 09 might show the first good buying opportunities.
June 10, 2007 at 12:24 PM #58232cyphire
ParticipantHey Rustico, et al.
Just completed my move from the beach to Bird Rock. Hope that this neighborhood fulfills my wishes at this point. Much of the unpacking is done, but much is left to do.
2 years here and then I buy a house. Thats the plan and I’m working it!
Wow is my back tired.
June 10, 2007 at 12:24 PM #58259ParticipantHey Rustico, et al.
Just completed my move from the beach to Bird Rock. Hope that this neighborhood fulfills my wishes at this point. Much of the unpacking is done, but much is left to do.
2 years here and then I buy a house. Thats the plan and I’m working it!
Wow is my back tired.
June 10, 2007 at 1:02 PM #58240
barnaby33Participantsdrealtor, is east of del mar taking much of a decline yet?
Josh
June 10, 2007 at 1:02 PM #58267barnaby33Participantsdrealtor, is east of del mar taking much of a decline yet?
Josh
June 10, 2007 at 1:09 PM #58242Ozzie
ParticipantIf LS08 had a historical perspective and is interested in buying on the Westside of LA then he should be thinking about 2011 or 2012 if this decline is anything like past declines (and I doubt it will be). LA has barely budged and is probably 24 months behind San Diego which is down about 8%-12% from the peak depending on where you are at.
I have no idea how he defines a “good buy” but prices would need to drop 50% or more and rents would need to rise 20% or more in most coastal areas if he simply uses cash flow as a basis for that decision. That’s not happening in the next 36 months much less by summer ’08.
June 10, 2007 at 1:09 PM #58269ParticipantIf LS08 had a historical perspective and is interested in buying on the Westside of LA then he should be thinking about 2011 or 2012 if this decline is anything like past declines (and I doubt it will be). LA has barely budged and is probably 24 months behind San Diego which is down about 8%-12% from the peak depending on where you are at.
I have no idea how he defines a “good buy” but prices would need to drop 50% or more and rents would need to rise 20% or more in most coastal areas if he simply uses cash flow as a basis for that decision. That’s not happening in the next 36 months much less by summer ’08.
June 10, 2007 at 1:37 PM #58246SD Realtor
ParticipantBack from the beach but now I get to drive out to Oceanside to do disclosures with a client…
Josh –
How far east of Del Mar are you thinking? Like Carmel Valley east I suppose? 56 corridor? Or east of Del Mar but like between 5 and El Camino?
SD Realtor
June 10, 2007 at 1:37 PM #58273ParticipantBack from the beach but now I get to drive out to Oceanside to do disclosures with a client…
Josh –
How far east of Del Mar are you thinking? Like Carmel Valley east I suppose? 56 corridor? Or east of Del Mar but like between 5 and El Camino?
SD Realtor
June 11, 2007 at 9:32 AM #58380dontfollowtheherd
ParticipantWow.
“One last note, can we leave religion, morality and the blame game out of this post, and stick to Real Estate?”
Unless people disagree with you then it’s:
“I can see many of you on this board are threatened by the probable price declines, that ARE coming. I don’t need to waste my time defending what I say, to mostly nervous, overly religious, republican fundamentalist, real estate hacks. Having to constantly defend what I say here is old and tired. You honestly deserve each other on this board”.
LS08 you need to chill out. Talk about hating. There is much more agreement here than you can see if you take your blinders off. Everyone has their perspectives and takes on when, why, how much etc. If they don’t exactly match yours that’s okay. You’re an awful busy guy for a full-time science teacher. You post more than anyone and have created your own blogspot (which incidentally keeps timing out when I try your link).
I post 1/1000th of you and yet we’ve agreed on almost everything. It doesn’t take a rocket scientist to see the June shoe is next to drop, then July’s, August, September….all the way through next year and possibly beyond. I don’t have to study every report that comes out. I only need to drive the neighborhoods and see how many new homes are out on the market and observe a few open houses to see how many, if any are getting any action. Fwiw, there is minimal if any. On top of this there are developments (both large and small)everywhere like the Great Park in Irvine and that alone will add up to 14,000 more homes over the next couple of years. I talk to friends in the biz and hear they aren’t doing well. And we’re getting close to the end of the home buying window for many families that want to be in before school starts etc.
If you really want to start constructive threads here or elsewhere you would do well to relax and not get so caught up in your position and what appears to be the need to be right. You can respectfully disagree with others and they with you without all the acrimony. I have certain beliefs about the current the market but I’m not married to my positions. If someone makes a valid observation I haven’t considered (which happens with all of us) then I appreciate having my eyes opened to another school of thought. Heck, one poster used his favorite Italian restaurant’s meal price to get a point across. Anything and everything is fair game here.
June 11, 2007 at 9:32 AM #58407ParticipantWow.
“One last note, can we leave religion, morality and the blame game out of this post, and stick to Real Estate?”
Unless people disagree with you then it’s:
“I can see many of you on this board are threatened by the probable price declines, that ARE coming. I don’t need to waste my time defending what I say, to mostly nervous, overly religious, republican fundamentalist, real estate hacks. Having to constantly defend what I say here is old and tired. You honestly deserve each other on this board”.
LS08 you need to chill out. Talk about hating. There is much more agreement here than you can see if you take your blinders off. Everyone has their perspectives and takes on when, why, how much etc. If they don’t exactly match yours that’s okay. You’re an awful busy guy for a full-time science teacher. You post more than anyone and have created your own blogspot (which incidentally keeps timing out when I try your link).
I post 1/1000th of you and yet we’ve agreed on almost everything. It doesn’t take a rocket scientist to see the June shoe is next to drop, then July’s, August, September….all the way through next year and possibly beyond. I don’t have to study every report that comes out. I only need to drive the neighborhoods and see how many new homes are out on the market and observe a few open houses to see how many, if any are getting any action. Fwiw, there is minimal if any. On top of this there are developments (both large and small)everywhere like the Great Park in Irvine and that alone will add up to 14,000 more homes over the next couple of years. I talk to friends in the biz and hear they aren’t doing well. And we’re getting close to the end of the home buying window for many families that want to be in before school starts etc.
If you really want to start constructive threads here or elsewhere you would do well to relax and not get so caught up in your position and what appears to be the need to be right. You can respectfully disagree with others and they with you without all the acrimony. I have certain beliefs about the current the market but I’m not married to my positions. If someone makes a valid observation I haven’t considered (which happens with all of us) then I appreciate having my eyes opened to another school of thought. Heck, one poster used his favorite Italian restaurant’s meal price to get a point across. Anything and everything is fair game here.
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