No! This will never happen in San Diego.

[surveyor]

slippery slope

Expecting a 50% or more drop in San Diego or Hawaii just because it happened to Stockton is the definition of a slippery slope. I can’t say it won’t happen, but there are enough differences that I call it highly unlikely.

heck, I think a 30% drop is sufficient to get everyone on the buying wagon again.

But what the heck do I know…

Anyways…

Total geek with no social skills=very bad

You rang?

It seems to me that many Americans put a lot of importance on finding oneself and finding what one wants to do in their life, as opposed to many Asians who basically say, get rich, achieve, and then you’ll be happy. Many American families (those who have been here in the U.S. for a few generations) acknowledge that money is important but do not see it as an end all be all. Ah, the advantages of living in the U.S.

U.S.A.!

[Deserted]

Sorry, a little off topic: Geology or real estate?

To privatebanker:

The Hawaiian islands are volcanic seamounts, but they may face sudden catastrophic destruction. I’m no expert in geology, but I did stay in a Holiday Inn Express last night. Recent studies have shown that the islands have regularly undergone sudden massive landslides. By “massive” I mean a side of a volcano breaking free and sliding into the Pacific. Or so says the Discovery Channel.

In the (geologic) past, these slides of mythic proportion have resulted in tsunami of similar mythic size (1000 feet plus).

So be the first to buy oceanfront property in Arizona!

[Deserted]

Sorry, a little off topic: Geology or real estate?

To privatebanker:

The Hawaiian islands are volcanic seamounts, but they may face sudden catastrophic destruction. I’m no expert in geology, but I did stay in a Holiday Inn Express last night. Recent studies have shown that the islands have regularly undergone sudden massive landslides. By “massive” I mean a side of a volcano breaking free and sliding into the Pacific. Or so says the Discovery Channel.

In the (geologic) past, these slides of mythic proportion have resulted in tsunami of similar mythic size (1000 feet plus).

So be the first to buy oceanfront property in Arizona!

[Deserted]

Sorry, a little off topic: Geology or real estate?

To privatebanker:

The Hawaiian islands are volcanic seamounts, but they may face sudden catastrophic destruction. I’m no expert in geology, but I did stay in a Holiday Inn Express last night. Recent studies have shown that the islands have regularly undergone sudden massive landslides. By “massive” I mean a side of a volcano breaking free and sliding into the Pacific. Or so says the Discovery Channel.

In the (geologic) past, these slides of mythic proportion have resulted in tsunami of similar mythic size (1000 feet plus).

So be the first to buy oceanfront property in Arizona!

[Deserted]

Sorry, a little off topic: Geology or real estate?

To privatebanker:

The Hawaiian islands are volcanic seamounts, but they may face sudden catastrophic destruction. I’m no expert in geology, but I did stay in a Holiday Inn Express last night. Recent studies have shown that the islands have regularly undergone sudden massive landslides. By “massive” I mean a side of a volcano breaking free and sliding into the Pacific. Or so says the Discovery Channel.

In the (geologic) past, these slides of mythic proportion have resulted in tsunami of similar mythic size (1000 feet plus).

So be the first to buy oceanfront property in Arizona!

[Deserted]

Sorry, a little off topic: Geology or real estate?

To privatebanker:

The Hawaiian islands are volcanic seamounts, but they may face sudden catastrophic destruction. I’m no expert in geology, but I did stay in a Holiday Inn Express last night. Recent studies have shown that the islands have regularly undergone sudden massive landslides. By “massive” I mean a side of a volcano breaking free and sliding into the Pacific. Or so says the Discovery Channel.

In the (geologic) past, these slides of mythic proportion have resulted in tsunami of similar mythic size (1000 feet plus).

So be the first to buy oceanfront property in Arizona!

[Ex-SD]

Flu: I was being sarcastic……Haven’t you ever heard the big lie that’s been going around SoCal for the last 20+ years about how property values can never go down? And one of the main reasons is that rich Asians will always come in and buy up all the available property? No offense was intended towards the Asian community.

To those who think that the 50%+ drop can’t happen in San Diego, I remind you to take a look at the last bubble-burst when high-end properties from San Francisco to San Diego did just that. I have a friend who bought in Beverly Hills when the prices collapsed. This collapse is highly likely to be very severe and I’ve heard all of these “it won’t happen here” stories before.

[Ex-SD]

Flu: I was being sarcastic……Haven’t you ever heard the big lie that’s been going around SoCal for the last 20+ years about how property values can never go down? And one of the main reasons is that rich Asians will always come in and buy up all the available property? No offense was intended towards the Asian community.

To those who think that the 50%+ drop can’t happen in San Diego, I remind you to take a look at the last bubble-burst when high-end properties from San Francisco to San Diego did just that. I have a friend who bought in Beverly Hills when the prices collapsed. This collapse is highly likely to be very severe and I’ve heard all of these “it won’t happen here” stories before.

[Ex-SD]

Flu: I was being sarcastic……Haven’t you ever heard the big lie that’s been going around SoCal for the last 20+ years about how property values can never go down? And one of the main reasons is that rich Asians will always come in and buy up all the available property? No offense was intended towards the Asian community.

To those who think that the 50%+ drop can’t happen in San Diego, I remind you to take a look at the last bubble-burst when high-end properties from San Francisco to San Diego did just that. I have a friend who bought in Beverly Hills when the prices collapsed. This collapse is highly likely to be very severe and I’ve heard all of these “it won’t happen here” stories before.

[Ex-SD]

Flu: I was being sarcastic……Haven’t you ever heard the big lie that’s been going around SoCal for the last 20+ years about how property values can never go down? And one of the main reasons is that rich Asians will always come in and buy up all the available property? No offense was intended towards the Asian community.

To those who think that the 50%+ drop can’t happen in San Diego, I remind you to take a look at the last bubble-burst when high-end properties from San Francisco to San Diego did just that. I have a friend who bought in Beverly Hills when the prices collapsed. This collapse is highly likely to be very severe and I’ve heard all of these “it won’t happen here” stories before.

[Ex-SD]

Flu: I was being sarcastic……Haven’t you ever heard the big lie that’s been going around SoCal for the last 20+ years about how property values can never go down? And one of the main reasons is that rich Asians will always come in and buy up all the available property? No offense was intended towards the Asian community.

To those who think that the 50%+ drop can’t happen in San Diego, I remind you to take a look at the last bubble-burst when high-end properties from San Francisco to San Diego did just that. I have a friend who bought in Beverly Hills when the prices collapsed. This collapse is highly likely to be very severe and I’ve heard all of these “it won’t happen here” stories before.

[privatebanker]

Thank you Contrarian for that lesson in Geology :). My point really wasn’t based on whether Hawaii is truly at risk of a major disaster because I know that there are still several active volcanoes in highly populated areas. If that were to occur, we can all kiss our butts goodbye here in CA…

My point is that people don’t seem to get that if ANY asset class deviates from its average range of return, it will correct at some point. There were no fundamentals to support such a large run up in property prices. It was a propaganda driven rally coupled with easy access to credit. This will be examined by economists for years to come. The Fed is now in a very difficult situation trying to navigate us out of this mess. They’re going about it the wrong way in my opinion.

Cheers!

[privatebanker]

Thank you Contrarian for that lesson in Geology :). My point really wasn’t based on whether Hawaii is truly at risk of a major disaster because I know that there are still several active volcanoes in highly populated areas. If that were to occur, we can all kiss our butts goodbye here in CA…

My point is that people don’t seem to get that if ANY asset class deviates from its average range of return, it will correct at some point. There were no fundamentals to support such a large run up in property prices. It was a propaganda driven rally coupled with easy access to credit. This will be examined by economists for years to come. The Fed is now in a very difficult situation trying to navigate us out of this mess. They’re going about it the wrong way in my opinion.

Cheers!

[privatebanker]

Thank you Contrarian for that lesson in Geology :). My point really wasn’t based on whether Hawaii is truly at risk of a major disaster because I know that there are still several active volcanoes in highly populated areas. If that were to occur, we can all kiss our butts goodbye here in CA…

My point is that people don’t seem to get that if ANY asset class deviates from its average range of return, it will correct at some point. There were no fundamentals to support such a large run up in property prices. It was a propaganda driven rally coupled with easy access to credit. This will be examined by economists for years to come. The Fed is now in a very difficult situation trying to navigate us out of this mess. They’re going about it the wrong way in my opinion.

Cheers!

[privatebanker]

Thank you Contrarian for that lesson in Geology :). My point really wasn’t based on whether Hawaii is truly at risk of a major disaster because I know that there are still several active volcanoes in highly populated areas. If that were to occur, we can all kiss our butts goodbye here in CA…

My point is that people don’t seem to get that if ANY asset class deviates from its average range of return, it will correct at some point. There were no fundamentals to support such a large run up in property prices. It was a propaganda driven rally coupled with easy access to credit. This will be examined by economists for years to come. The Fed is now in a very difficult situation trying to navigate us out of this mess. They’re going about it the wrong way in my opinion.

Cheers!

[Author]

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