Mixed signals for buyers

[Allan from Fallbrook]

BobS: As I’m sure Raptor will tell you, areas like Palo Alto and Los Altos are very different than what you find down here. Call it the “Google effect” or the “Apple effect”, but prices are remaining stubbornly high, and houses continue to move, even at those prices.

I have friend that lives in Los Altos, and he is telling me stories about 16,000sf lots in LAH going for $2MM.

I don’t doubt that the market will come down, but it will probably take much longer than San Diego, OC or LA.

[kewp]

I’m pretty sure there were cases of ‘double defaults’ in the last downturn.

I.e, someone buys a foreclosure on the dead-cat bounce, then defaults in turn a year later.

[kewp]

I’m pretty sure there were cases of ‘double defaults’ in the last downturn.

I.e, someone buys a foreclosure on the dead-cat bounce, then defaults in turn a year later.

[kewp]

I’m pretty sure there were cases of ‘double defaults’ in the last downturn.

I.e, someone buys a foreclosure on the dead-cat bounce, then defaults in turn a year later.

[kewp]

I’m pretty sure there were cases of ‘double defaults’ in the last downturn.

I.e, someone buys a foreclosure on the dead-cat bounce, then defaults in turn a year later.

[kewp]

I’m pretty sure there were cases of ‘double defaults’ in the last downturn.

I.e, someone buys a foreclosure on the dead-cat bounce, then defaults in turn a year later.

[sdrealtor]

Its already happened around here in the last 12 months

[sdrealtor]

Its already happened around here in the last 12 months

[sdrealtor]

Its already happened around here in the last 12 months

[sdrealtor]

Its already happened around here in the last 12 months

[sdrealtor]

Its already happened around here in the last 12 months

[Enorah]

Yep.

Someone just told me that “the housing market is really picking up again”, according to her realtor. I was screaming dead cat bounce in my head but kept my mouth shut.

[Enorah]

Yep.

Someone just told me that “the housing market is really picking up again”, according to her realtor. I was screaming dead cat bounce in my head but kept my mouth shut.

[Enorah]

Yep.

Someone just told me that “the housing market is really picking up again”, according to her realtor. I was screaming dead cat bounce in my head but kept my mouth shut.

[Enorah]

Yep.

Someone just told me that “the housing market is really picking up again”, according to her realtor. I was screaming dead cat bounce in my head but kept my mouth shut.

[Author]

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