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NotCranky.
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May 21, 2007 at 12:06 PM #54126May 21, 2007 at 12:12 PM #54117
(former)FormerSanDiegan
Participantsdr – I agree that it would be nice to have the same level as info you provide for all areas of the County. Thanks for providing it for your sub-market.
May 21, 2007 at 12:12 PM #54130Participantsdr – I agree that it would be nice to have the same level as info you provide for all areas of the County. Thanks for providing it for your sub-market.
May 21, 2007 at 12:14 PM #54119latesummer2008
ParticipantAll Higher End Areas in Southern California are relevant because it tells you what is happening in the overall Southern California Market. If Beverly Hills and Malibu are dropping than what do you think La Jolla and Del Mar are doing? You need to think about what the money at each market level is doing.
Plus, it seems like LA is following SD by about 6 – 9 months…
May 21, 2007 at 12:14 PM #54132ParticipantAll Higher End Areas in Southern California are relevant because it tells you what is happening in the overall Southern California Market. If Beverly Hills and Malibu are dropping than what do you think La Jolla and Del Mar are doing? You need to think about what the money at each market level is doing.
Plus, it seems like LA is following SD by about 6 – 9 months…
May 21, 2007 at 12:15 PM #54122PerryChase
ParticipantMe too. I’d to hear about other markets, national or international. Are people incurring major losses in London?
A friend of mine “invested” in a Houston condo, on the advise of some co-workers. He said that he’s about $30/month cash flow positive after everything. Is it even worth the effort in terms of opportunity cost of down-payment, headache and aggravation, potential loss, travel expenses, etc…?
May 21, 2007 at 12:15 PM #54134ParticipantMe too. I’d to hear about other markets, national or international. Are people incurring major losses in London?
A friend of mine “invested” in a Houston condo, on the advise of some co-workers. He said that he’s about $30/month cash flow positive after everything. Is it even worth the effort in terms of opportunity cost of down-payment, headache and aggravation, potential loss, travel expenses, etc…?
May 21, 2007 at 12:54 PM #54138JWM in SD
ParticipantLateSummer,
Fair Enough. Just thought I’d ask the question. I’m sure that I’m no the only one who was curious about that.
May 21, 2007 at 12:54 PM #54149ParticipantLateSummer,
Fair Enough. Just thought I’d ask the question. I’m sure that I’m no the only one who was curious about that.
May 21, 2007 at 1:00 PM #54139Anonymous
GuestTo be clear, folks, the world revolves around La Jolla. Just ask anyone who lives here.
I feel sick, now.
May 21, 2007 at 1:00 PM #54152GuestTo be clear, folks, the world revolves around La Jolla. Just ask anyone who lives here.
I feel sick, now.
May 21, 2007 at 1:46 PM #54151NotCranky
ParticipantPerry,
I wrote out a long reply to you and dropped it.
In short your friend is probably on the right track. Hopefully it is a quality, relatively new building and he has a fixed loan. If so, it is a good starting point. Somebody else is building his nest egg and the cash flow will get better over time. If he does this well over time with more properties and the US Economy is relatively normal(including recessions and bubbles) for the next few decades he will make huge gains in equity and cash flow. I prefer SFR. Multi family has more potential but one has to start somewhere.Next:
There is much more talk about International and out of area markets on the “Ben Jones Housing bubble blog”…WARNING wear a virtual hard hat in that zone!May 21, 2007 at 1:46 PM #54164ParticipantPerry,
I wrote out a long reply to you and dropped it.
In short your friend is probably on the right track. Hopefully it is a quality, relatively new building and he has a fixed loan. If so, it is a good starting point. Somebody else is building his nest egg and the cash flow will get better over time. If he does this well over time with more properties and the US Economy is relatively normal(including recessions and bubbles) for the next few decades he will make huge gains in equity and cash flow. I prefer SFR. Multi family has more potential but one has to start somewhere.Next:
There is much more talk about International and out of area markets on the “Ben Jones Housing bubble blog”…WARNING wear a virtual hard hat in that zone!May 21, 2007 at 3:48 PM #54179ParticipantMacro Economics is more important than just your local market. Our country is being affected nationwide by the current mortgage mess. This will inturn affect ALL of the local markets. Some worse than others. Like So.Cal for example. Markets that appreciated the most will drop the most. It’s just plain common sense.
Also, The global market is watching what happens in the U.S. Yes, you could say “ALL EYES are on SAN DIEGO” as it lead the market up and is now leading the market down.
May 21, 2007 at 3:48 PM #54192ParticipantMacro Economics is more important than just your local market. Our country is being affected nationwide by the current mortgage mess. This will inturn affect ALL of the local markets. Some worse than others. Like So.Cal for example. Markets that appreciated the most will drop the most. It’s just plain common sense.
Also, The global market is watching what happens in the U.S. Yes, you could say “ALL EYES are on SAN DIEGO” as it lead the market up and is now leading the market down.
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