Mira Mesa prices

[SD Realtor]

“If you’re going to wait for a significant and sustained drop in the number of people with negative equity, you will be waiting too long.”

esmith how can you say such things!

[DWCAP]

Perhaps we are defining “significant and prolonged” differently. I don’t consider 18 months later a timly buying period, and I do consider a drop of 20% or more significant. What I was more refering to was that abboration we had last November, you remember, the “bottom” since NOT’s and NOD’s were off for one month.

And who knew, comps are irrelevant. Apparently one of the least subjective ways of determining value is pointless!

[DWCAP]

Perhaps we are defining “significant and prolonged” differently. I don’t consider 18 months later a timly buying period, and I do consider a drop of 20% or more significant. What I was more refering to was that abboration we had last November, you remember, the “bottom” since NOT’s and NOD’s were off for one month.

And who knew, comps are irrelevant. Apparently one of the least subjective ways of determining value is pointless!

[DWCAP]

Perhaps we are defining “significant and prolonged” differently. I don’t consider 18 months later a timly buying period, and I do consider a drop of 20% or more significant. What I was more refering to was that abboration we had last November, you remember, the “bottom” since NOT’s and NOD’s were off for one month.

And who knew, comps are irrelevant. Apparently one of the least subjective ways of determining value is pointless!

[DWCAP]

Perhaps we are defining “significant and prolonged” differently. I don’t consider 18 months later a timly buying period, and I do consider a drop of 20% or more significant. What I was more refering to was that abboration we had last November, you remember, the “bottom” since NOT’s and NOD’s were off for one month.

And who knew, comps are irrelevant. Apparently one of the least subjective ways of determining value is pointless!

[DWCAP]

Perhaps we are defining “significant and prolonged” differently. I don’t consider 18 months later a timly buying period, and I do consider a drop of 20% or more significant. What I was more refering to was that abboration we had last November, you remember, the “bottom” since NOT’s and NOD’s were off for one month.

And who knew, comps are irrelevant. Apparently one of the least subjective ways of determining value is pointless!

[Anonymous]

“Last real estate bust ended around January ’97. By July ’98, prices have already cleared the ’90 high.”

Last real estate bust started in the early 90’s. The prices stagnated in nominal terms for a few years before starting to rise. It did take 6-7 years after the peak to reach the bottom. In nominal terms it took about a decade to reach the previous peak prices again. People also had more equity in their houses at that time as well, so were better able to absorb a loss and still sell their house without bringing money to the table.

It’s true that in real terms the bottom didn’t last for very long, but it looks like to me there was a 2 year period where prices overshot on the low side. Houses bought anytime in those 2 years were a good deal.

[Anonymous]

“Last real estate bust ended around January ’97. By July ’98, prices have already cleared the ’90 high.”

Last real estate bust started in the early 90’s. The prices stagnated in nominal terms for a few years before starting to rise. It did take 6-7 years after the peak to reach the bottom. In nominal terms it took about a decade to reach the previous peak prices again. People also had more equity in their houses at that time as well, so were better able to absorb a loss and still sell their house without bringing money to the table.

It’s true that in real terms the bottom didn’t last for very long, but it looks like to me there was a 2 year period where prices overshot on the low side. Houses bought anytime in those 2 years were a good deal.

[Anonymous]

“Last real estate bust ended around January ’97. By July ’98, prices have already cleared the ’90 high.”

Last real estate bust started in the early 90’s. The prices stagnated in nominal terms for a few years before starting to rise. It did take 6-7 years after the peak to reach the bottom. In nominal terms it took about a decade to reach the previous peak prices again. People also had more equity in their houses at that time as well, so were better able to absorb a loss and still sell their house without bringing money to the table.

It’s true that in real terms the bottom didn’t last for very long, but it looks like to me there was a 2 year period where prices overshot on the low side. Houses bought anytime in those 2 years were a good deal.

[Anonymous]

“Last real estate bust ended around January ’97. By July ’98, prices have already cleared the ’90 high.”

Last real estate bust started in the early 90’s. The prices stagnated in nominal terms for a few years before starting to rise. It did take 6-7 years after the peak to reach the bottom. In nominal terms it took about a decade to reach the previous peak prices again. People also had more equity in their houses at that time as well, so were better able to absorb a loss and still sell their house without bringing money to the table.

It’s true that in real terms the bottom didn’t last for very long, but it looks like to me there was a 2 year period where prices overshot on the low side. Houses bought anytime in those 2 years were a good deal.

[Anonymous]

“Last real estate bust ended around January ’97. By July ’98, prices have already cleared the ’90 high.”

Last real estate bust started in the early 90’s. The prices stagnated in nominal terms for a few years before starting to rise. It did take 6-7 years after the peak to reach the bottom. In nominal terms it took about a decade to reach the previous peak prices again. People also had more equity in their houses at that time as well, so were better able to absorb a loss and still sell their house without bringing money to the table.

It’s true that in real terms the bottom didn’t last for very long, but it looks like to me there was a 2 year period where prices overshot on the low side. Houses bought anytime in those 2 years were a good deal.

[DWCAP]

SD_R, or anyone else with MLS access, what is up with this sale. I know the market is falling, but this is significantly below market. Is this infamily or something?

http://www.sdlookup.com/MLS-088037455-11322_Dalby_Pl_San_Diego_CA_92126

[DWCAP]

SD_R, or anyone else with MLS access, what is up with this sale. I know the market is falling, but this is significantly below market. Is this infamily or something?

http://www.sdlookup.com/MLS-088037455-11322_Dalby_Pl_San_Diego_CA_92126

[DWCAP]

SD_R, or anyone else with MLS access, what is up with this sale. I know the market is falling, but this is significantly below market. Is this infamily or something?

http://www.sdlookup.com/MLS-088037455-11322_Dalby_Pl_San_Diego_CA_92126

[DWCAP]

SD_R, or anyone else with MLS access, what is up with this sale. I know the market is falling, but this is significantly below market. Is this infamily or something?

http://www.sdlookup.com/MLS-088037455-11322_Dalby_Pl_San_Diego_CA_92126

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