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February 9, 2010 at 11:05 AM #512086February 9, 2010 at 11:13 AM #511191
pemeliza
Participant“Some say yes, and some say no. ”
I guess if you consider the quality of life in 92024 in the 90’s it probably wasn’t really under-priced. But given its choice location it was certainly ripe for major appreciation as it got flooded with new money. The people that saw this and had the $$$ back in the 90s made out good even if they didn’t sell at the peak. They locked in a low tax base and now have a phenomenal quality of life.
February 9, 2010 at 11:13 AM #511339Participant“Some say yes, and some say no. ”
I guess if you consider the quality of life in 92024 in the 90’s it probably wasn’t really under-priced. But given its choice location it was certainly ripe for major appreciation as it got flooded with new money. The people that saw this and had the $$$ back in the 90s made out good even if they didn’t sell at the peak. They locked in a low tax base and now have a phenomenal quality of life.
February 9, 2010 at 11:13 AM #511752Participant“Some say yes, and some say no. ”
I guess if you consider the quality of life in 92024 in the 90’s it probably wasn’t really under-priced. But given its choice location it was certainly ripe for major appreciation as it got flooded with new money. The people that saw this and had the $$$ back in the 90s made out good even if they didn’t sell at the peak. They locked in a low tax base and now have a phenomenal quality of life.
February 9, 2010 at 11:13 AM #511844Participant“Some say yes, and some say no. ”
I guess if you consider the quality of life in 92024 in the 90’s it probably wasn’t really under-priced. But given its choice location it was certainly ripe for major appreciation as it got flooded with new money. The people that saw this and had the $$$ back in the 90s made out good even if they didn’t sell at the peak. They locked in a low tax base and now have a phenomenal quality of life.
February 9, 2010 at 11:13 AM #512096Participant“Some say yes, and some say no. ”
I guess if you consider the quality of life in 92024 in the 90’s it probably wasn’t really under-priced. But given its choice location it was certainly ripe for major appreciation as it got flooded with new money. The people that saw this and had the $$$ back in the 90s made out good even if they didn’t sell at the peak. They locked in a low tax base and now have a phenomenal quality of life.
February 9, 2010 at 11:14 AM #511196sdcellar
Participant[quote=AN]Got it now. I agree that bubble is unnatural. Yet, even with these unnatural purchases, resale today is still down to ~1996.[/quote]Actually, based on the new information (which you probably hadn’t seen yet), it looks like maybe not so much, at least in one of the zips in question.
That, combined with what you made me realize regarding new housing stock from ’99 on, makes me wonder how much of the resale in the other two zips actually was churn on the newer product. This ties neatly back into that whole tenure discussion.
February 9, 2010 at 11:14 AM #511344Participant[quote=AN]Got it now. I agree that bubble is unnatural. Yet, even with these unnatural purchases, resale today is still down to ~1996.[/quote]Actually, based on the new information (which you probably hadn’t seen yet), it looks like maybe not so much, at least in one of the zips in question.
That, combined with what you made me realize regarding new housing stock from ’99 on, makes me wonder how much of the resale in the other two zips actually was churn on the newer product. This ties neatly back into that whole tenure discussion.
February 9, 2010 at 11:14 AM #511757Participant[quote=AN]Got it now. I agree that bubble is unnatural. Yet, even with these unnatural purchases, resale today is still down to ~1996.[/quote]Actually, based on the new information (which you probably hadn’t seen yet), it looks like maybe not so much, at least in one of the zips in question.
That, combined with what you made me realize regarding new housing stock from ’99 on, makes me wonder how much of the resale in the other two zips actually was churn on the newer product. This ties neatly back into that whole tenure discussion.
February 9, 2010 at 11:14 AM #511849Participant[quote=AN]Got it now. I agree that bubble is unnatural. Yet, even with these unnatural purchases, resale today is still down to ~1996.[/quote]Actually, based on the new information (which you probably hadn’t seen yet), it looks like maybe not so much, at least in one of the zips in question.
That, combined with what you made me realize regarding new housing stock from ’99 on, makes me wonder how much of the resale in the other two zips actually was churn on the newer product. This ties neatly back into that whole tenure discussion.
February 9, 2010 at 11:14 AM #512101Participant[quote=AN]Got it now. I agree that bubble is unnatural. Yet, even with these unnatural purchases, resale today is still down to ~1996.[/quote]Actually, based on the new information (which you probably hadn’t seen yet), it looks like maybe not so much, at least in one of the zips in question.
That, combined with what you made me realize regarding new housing stock from ’99 on, makes me wonder how much of the resale in the other two zips actually was churn on the newer product. This ties neatly back into that whole tenure discussion.
February 9, 2010 at 11:16 AM #511201Participant[quote=pemeliza]”Some say yes, and some say no. ”
I guess if you consider the quality of life in 92024 in the 90’s it probably wasn’t really under-priced. But given its choice location it was certainly ripe for major appreciation as it got flooded with new money. The people that saw this and had the $$$ back in the 90s made out good even if they didn’t sell at the peak. They locked in a low tax base and now have a phenomenal quality of life.[/quote]Yeah, the thing to remember is that everything in San Diego “appreciated” at roughly the same rate. Hell, even all the way out the Temecula Valley from what I’ve heard.
Again, I think this is somewhere in the middle. I think prices were on the low side in the 90’s but quickly went overboard in the 00’s.
February 9, 2010 at 11:16 AM #511349Participant[quote=pemeliza]”Some say yes, and some say no. ”
I guess if you consider the quality of life in 92024 in the 90’s it probably wasn’t really under-priced. But given its choice location it was certainly ripe for major appreciation as it got flooded with new money. The people that saw this and had the $$$ back in the 90s made out good even if they didn’t sell at the peak. They locked in a low tax base and now have a phenomenal quality of life.[/quote]Yeah, the thing to remember is that everything in San Diego “appreciated” at roughly the same rate. Hell, even all the way out the Temecula Valley from what I’ve heard.
Again, I think this is somewhere in the middle. I think prices were on the low side in the 90’s but quickly went overboard in the 00’s.
February 9, 2010 at 11:16 AM #511762Participant[quote=pemeliza]”Some say yes, and some say no. ”
I guess if you consider the quality of life in 92024 in the 90’s it probably wasn’t really under-priced. But given its choice location it was certainly ripe for major appreciation as it got flooded with new money. The people that saw this and had the $$$ back in the 90s made out good even if they didn’t sell at the peak. They locked in a low tax base and now have a phenomenal quality of life.[/quote]Yeah, the thing to remember is that everything in San Diego “appreciated” at roughly the same rate. Hell, even all the way out the Temecula Valley from what I’ve heard.
Again, I think this is somewhere in the middle. I think prices were on the low side in the 90’s but quickly went overboard in the 00’s.
February 9, 2010 at 11:16 AM #511854Participant[quote=pemeliza]”Some say yes, and some say no. ”
I guess if you consider the quality of life in 92024 in the 90’s it probably wasn’t really under-priced. But given its choice location it was certainly ripe for major appreciation as it got flooded with new money. The people that saw this and had the $$$ back in the 90s made out good even if they didn’t sell at the peak. They locked in a low tax base and now have a phenomenal quality of life.[/quote]Yeah, the thing to remember is that everything in San Diego “appreciated” at roughly the same rate. Hell, even all the way out the Temecula Valley from what I’ve heard.
Again, I think this is somewhere in the middle. I think prices were on the low side in the 90’s but quickly went overboard in the 00’s.
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