no more land, thus the bottom must be close?

[NotCranky]

goodbye paranoid

[NotCranky]

goodbye paranoid

[Drew]

Having lived here most of my life, I can say with confidence that there is plenty of land even between here and the desert. I think what you failing to grasp is that there are record high forclosures, house inventory, and both are generally expected to increase as time goes on, at least in the near future. This means that there are and will continue to be plenty of homes for buyers to choose from.

BTW, if you would like to make a greater impact with your posts, please add “SHOE” and “DROPPED”, in caps, to the topic title.

[Drew]

Having lived here most of my life, I can say with confidence that there is plenty of land even between here and the desert. I think what you failing to grasp is that there are record high forclosures, house inventory, and both are generally expected to increase as time goes on, at least in the near future. This means that there are and will continue to be plenty of homes for buyers to choose from.

BTW, if you would like to make a greater impact with your posts, please add “SHOE” and “DROPPED”, in caps, to the topic title.

[what_a_disasta]

Those 125,000 acres at Camp Pendleton could be put to better use if we ever had a peaceful world! (as if)

SD is nice in the good parts, but I think there are probably nicer and more interesting places in the US.

[what_a_disasta]

Those 125,000 acres at Camp Pendleton could be put to better use if we ever had a peaceful world! (as if)

SD is nice in the good parts, but I think there are probably nicer and more interesting places in the US.

[kewp]

I’ll bite.

One, lots of the homes/condos out there now are empty. I’m not sure of the exact statistic, but i believe its between 20 and 30 percent. And there is a record amount of inventory for sale at the moment. So much of the so-called scarcity of housing is a side-effect of rampant speculation.

Two, San Diego has always been a desirable destination since its inception. This has not prevented previous housing slumps. Additionally, its not necessarily desirable for everyone! If you are interested in high-paying corporate jobs and/or affordable housing, its not a top pick.

Three, checking out the city vs. county of San Diego, its clear that most of the county is undeveloped.

http://en.wikipedia.org/wiki/Image:SD_in_SD_County_map.png

[kewp]

I’ll bite.

One, lots of the homes/condos out there now are empty. I’m not sure of the exact statistic, but i believe its between 20 and 30 percent. And there is a record amount of inventory for sale at the moment. So much of the so-called scarcity of housing is a side-effect of rampant speculation.

Two, San Diego has always been a desirable destination since its inception. This has not prevented previous housing slumps. Additionally, its not necessarily desirable for everyone! If you are interested in high-paying corporate jobs and/or affordable housing, its not a top pick.

Three, checking out the city vs. county of San Diego, its clear that most of the county is undeveloped.

http://en.wikipedia.org/wiki/Image:SD_in_SD_County_map.png

[cyphire]

I also want to add my 2 cents… There is still so much builder land in the hands of builders! Look at the huge swaths of homes going up, lots being prepared from Carmel Valley to San Marcos! While you are right that some of the developers (Pardee) bought these properties for a tiny fraction of what they are worth today, the current prices for these tiny plots has lost all grips with the fundamentals.

The builders aren’t even building right now, they are doing 1 at a time to not show how many vacant lots (all from 1-14 miles from the beach) are still sitting there.

There is a ton more properties than people who want them. The suckers have bought at the top (no offense suckers – I was one of you but got out even) and the property prices will still go down.

The funny thing is that the Realtors keep lying about the supply and demand. People leave San Diego in droves because they can’t afford the cost of living. We have a HUGE impediment to future business and services because of the high cost of real estate. Everyone isn’t flocking to San Diego (other than the rich) – compare our housing prices to the rest of the country. In NYC salaries are huge compared to here – so we have higher home prices and lower salaries – not a prescription for growth.

p.s. Have you driven out the 56 only 3-5 miles from the beach??? It’s the real estate graveyard tour! Free kitchens for every sucker!

[cyphire]

I also want to add my 2 cents… There is still so much builder land in the hands of builders! Look at the huge swaths of homes going up, lots being prepared from Carmel Valley to San Marcos! While you are right that some of the developers (Pardee) bought these properties for a tiny fraction of what they are worth today, the current prices for these tiny plots has lost all grips with the fundamentals.

The builders aren’t even building right now, they are doing 1 at a time to not show how many vacant lots (all from 1-14 miles from the beach) are still sitting there.

There is a ton more properties than people who want them. The suckers have bought at the top (no offense suckers – I was one of you but got out even) and the property prices will still go down.

The funny thing is that the Realtors keep lying about the supply and demand. People leave San Diego in droves because they can’t afford the cost of living. We have a HUGE impediment to future business and services because of the high cost of real estate. Everyone isn’t flocking to San Diego (other than the rich) – compare our housing prices to the rest of the country. In NYC salaries are huge compared to here – so we have higher home prices and lower salaries – not a prescription for growth.

p.s. Have you driven out the 56 only 3-5 miles from the beach??? It’s the real estate graveyard tour! Free kitchens for every sucker!

[LookoutBelow]

If this shill who calls himself "Paranoid" actually looked into it he would find that over 80,000 families have LEFT SD county over the last 2 years….our population is shrinking…..thankfully

[LookoutBelow]

If this shill who calls himself "Paranoid" actually looked into it he would find that over 80,000 families have LEFT SD county over the last 2 years….our population is shrinking…..thankfully

[4runner]

You’re absolutely right– they’re not making any more land!!!

In fact, there is so little land that people are actually considering building a floating, offshore airport to replace Lindbergh.

Oh wait– I’m sorry. That is not present day San Diego. That was Tokyo in the 90’s.

They must have been able to make more land in Japan since real estate in Tokyo today is worth 60% of what it was worth back then. Those clever Japanese…

[4runner]

You’re absolutely right– they’re not making any more land!!!

In fact, there is so little land that people are actually considering building a floating, offshore airport to replace Lindbergh.

Oh wait– I’m sorry. That is not present day San Diego. That was Tokyo in the 90’s.

They must have been able to make more land in Japan since real estate in Tokyo today is worth 60% of what it was worth back then. Those clever Japanese…

[sdrealtor]

Not that it’s gonna save this ship but there really isnt much developable land left along the coastal communities for large scale developemnt like we have seen the last 10 years.

[Author]

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