Home › Forums › Closed Forums › Properties or Areas › Mira Mesa dropping real fast, 10634 Kemerton Rd.
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August 3, 2011 at 11:16 AM #715862August 3, 2011 at 11:51 AM #714667
Wah-Wah
Participantis this a good deal?
IMHO- still 20% more to go. What do you all think?
August 3, 2011 at 11:51 AM #714758Participantis this a good deal?
IMHO- still 20% more to go. What do you all think?
August 3, 2011 at 11:51 AM #715361Participantis this a good deal?
IMHO- still 20% more to go. What do you all think?
August 3, 2011 at 11:51 AM #715515Participantis this a good deal?
IMHO- still 20% more to go. What do you all think?
August 3, 2011 at 11:51 AM #715877Participantis this a good deal?
IMHO- still 20% more to go. What do you all think?
August 3, 2011 at 12:24 PM #714672ninaprincess
ParticipantI think it is very probable because San Diego is a military town and the government cuts will affect us disproporationately. In addition, if interest rate goes up to 6% then a 20% reduction in home prices is not out of the question.
August 3, 2011 at 12:24 PM #714763ParticipantI think it is very probable because San Diego is a military town and the government cuts will affect us disproporationately. In addition, if interest rate goes up to 6% then a 20% reduction in home prices is not out of the question.
August 3, 2011 at 12:24 PM #715366ParticipantI think it is very probable because San Diego is a military town and the government cuts will affect us disproporationately. In addition, if interest rate goes up to 6% then a 20% reduction in home prices is not out of the question.
August 3, 2011 at 12:24 PM #715520ParticipantI think it is very probable because San Diego is a military town and the government cuts will affect us disproporationately. In addition, if interest rate goes up to 6% then a 20% reduction in home prices is not out of the question.
August 3, 2011 at 12:24 PM #715882ParticipantI think it is very probable because San Diego is a military town and the government cuts will affect us disproporationately. In addition, if interest rate goes up to 6% then a 20% reduction in home prices is not out of the question.
August 3, 2011 at 12:44 PM #714677briansd1
Guest[quote=Wah-Wah]is this a good deal?
IMHO- still 20% more to go. What do you all think?[/quote]
In the summer selling season, that’s a good deal. Of course it’s all relative.
All else being equal, you have to wonder what prices will do in winter.
San Diego is a diversified economy. But in the past 5 years, we have become more reliant on defense spending which helped cushion the economy (as compared to the rest of the country).
How did San Diego get through the recession better than the rest of the country?
San Diego and Washington, DC benefited from big defense and security spending. Silicon Valley has high-tech and they’ve been doing well.
If we get big cuts at Miramar, Mira Mesa will be adversely affected. We just have to wait and see if San Diego gets hits with big defense cuts.
Of course, interest rates and underwriting will dictate the direction of prices.
The GSE limits will be lowered later this. We will see in the winter how they affect the market. In San Diego, the GSE limit will drop from $697,500 to $546,250 for a decrease of $151,250.
What happens if the Tea Party is successful at eliminating government support of the mortgage market?
The federal government last year backed nine out of 10 new mortgages nationwide, and losses from soured loans are still mounting. Fannie Mae, which buys mortgages from lenders and packages them for investors, said last week it needed an additional $6.2 billion in aid, bringing the cost of its rescue to nearly $100 billion.
August 3, 2011 at 12:44 PM #714768Guest[quote=Wah-Wah]is this a good deal?
IMHO- still 20% more to go. What do you all think?[/quote]
In the summer selling season, that’s a good deal. Of course it’s all relative.
All else being equal, you have to wonder what prices will do in winter.
San Diego is a diversified economy. But in the past 5 years, we have become more reliant on defense spending which helped cushion the economy (as compared to the rest of the country).
How did San Diego get through the recession better than the rest of the country?
San Diego and Washington, DC benefited from big defense and security spending. Silicon Valley has high-tech and they’ve been doing well.
If we get big cuts at Miramar, Mira Mesa will be adversely affected. We just have to wait and see if San Diego gets hits with big defense cuts.
Of course, interest rates and underwriting will dictate the direction of prices.
The GSE limits will be lowered later this. We will see in the winter how they affect the market. In San Diego, the GSE limit will drop from $697,500 to $546,250 for a decrease of $151,250.
What happens if the Tea Party is successful at eliminating government support of the mortgage market?
The federal government last year backed nine out of 10 new mortgages nationwide, and losses from soured loans are still mounting. Fannie Mae, which buys mortgages from lenders and packages them for investors, said last week it needed an additional $6.2 billion in aid, bringing the cost of its rescue to nearly $100 billion.
August 3, 2011 at 12:44 PM #715371Guest[quote=Wah-Wah]is this a good deal?
IMHO- still 20% more to go. What do you all think?[/quote]
In the summer selling season, that’s a good deal. Of course it’s all relative.
All else being equal, you have to wonder what prices will do in winter.
San Diego is a diversified economy. But in the past 5 years, we have become more reliant on defense spending which helped cushion the economy (as compared to the rest of the country).
How did San Diego get through the recession better than the rest of the country?
San Diego and Washington, DC benefited from big defense and security spending. Silicon Valley has high-tech and they’ve been doing well.
If we get big cuts at Miramar, Mira Mesa will be adversely affected. We just have to wait and see if San Diego gets hits with big defense cuts.
Of course, interest rates and underwriting will dictate the direction of prices.
The GSE limits will be lowered later this. We will see in the winter how they affect the market. In San Diego, the GSE limit will drop from $697,500 to $546,250 for a decrease of $151,250.
What happens if the Tea Party is successful at eliminating government support of the mortgage market?
The federal government last year backed nine out of 10 new mortgages nationwide, and losses from soured loans are still mounting. Fannie Mae, which buys mortgages from lenders and packages them for investors, said last week it needed an additional $6.2 billion in aid, bringing the cost of its rescue to nearly $100 billion.
August 3, 2011 at 12:44 PM #715525Guest[quote=Wah-Wah]is this a good deal?
IMHO- still 20% more to go. What do you all think?[/quote]
In the summer selling season, that’s a good deal. Of course it’s all relative.
All else being equal, you have to wonder what prices will do in winter.
San Diego is a diversified economy. But in the past 5 years, we have become more reliant on defense spending which helped cushion the economy (as compared to the rest of the country).
How did San Diego get through the recession better than the rest of the country?
San Diego and Washington, DC benefited from big defense and security spending. Silicon Valley has high-tech and they’ve been doing well.
If we get big cuts at Miramar, Mira Mesa will be adversely affected. We just have to wait and see if San Diego gets hits with big defense cuts.
Of course, interest rates and underwriting will dictate the direction of prices.
The GSE limits will be lowered later this. We will see in the winter how they affect the market. In San Diego, the GSE limit will drop from $697,500 to $546,250 for a decrease of $151,250.
What happens if the Tea Party is successful at eliminating government support of the mortgage market?
The federal government last year backed nine out of 10 new mortgages nationwide, and losses from soured loans are still mounting. Fannie Mae, which buys mortgages from lenders and packages them for investors, said last week it needed an additional $6.2 billion in aid, bringing the cost of its rescue to nearly $100 billion.
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