North County Coastal Market-Why so sticky?

[sdrealtor]

He is a part owner of a small business that provides support to some of the core industries that operate in the SD start-up market. Obviously he is not an idiot, far from it. He’s about 40, doesnt speak clearly, never makes eye contact, very nervous and look like the guy down the street. The point was if you met him you would not have any idea of his income. There are 2 more of him at his company and that is what they take out of the corporation each year not what it makes. He lives in a house he paid about 500K for during the bubble. Certainly not another option arm wannabe who bouight something they never could afford.

When I write things like this its just a bit of a wake up call for all the highly educated worker bees making 70 to 90K wondering how anyone can afford these prices. There are alot of people out there making alot more than you think.

[scaredyclassic]

it is difficult to think outside one’s own limited range of possibilities. I have trouble doing it.

[scaredyclassic]

it is difficult to think outside one’s own limited range of possibilities. I have trouble doing it.

[scaredyclassic]

it is difficult to think outside one’s own limited range of possibilities. I have trouble doing it.

[scaredyclassic]

it is difficult to think outside one’s own limited range of possibilities. I have trouble doing it.

[scaredyclassic]

it is difficult to think outside one’s own limited range of possibilities. I have trouble doing it.

[pemeliza]

“I’d call that unmet supply. Among people who wanted to buy in NCC and didn’t, many bought elsewhere”

Back in the late 90’s Encinitas and Carlsbad were the relief valve for those who worked in Sorrento Valley but didn’t want to pay the sky high LJ,RSF,CV,DM,SB prices. The major tradeoff was commute time. Over the following decade this trend continued and the quality of life in Encinitas and Carlsbad soared as did the relative values of the housing stock.

Unlike the more mature areas, many new houses were sold at the peak of the market to buyer’s with little or no skin in the game. These weak hands will have to be flushed no doubt about it. This flushing is leading to an over-correction to the downside making for some very attractive deals for those with the means to buy.

[pemeliza]

“I’d call that unmet supply. Among people who wanted to buy in NCC and didn’t, many bought elsewhere”

Back in the late 90’s Encinitas and Carlsbad were the relief valve for those who worked in Sorrento Valley but didn’t want to pay the sky high LJ,RSF,CV,DM,SB prices. The major tradeoff was commute time. Over the following decade this trend continued and the quality of life in Encinitas and Carlsbad soared as did the relative values of the housing stock.

Unlike the more mature areas, many new houses were sold at the peak of the market to buyer’s with little or no skin in the game. These weak hands will have to be flushed no doubt about it. This flushing is leading to an over-correction to the downside making for some very attractive deals for those with the means to buy.

[pemeliza]

“I’d call that unmet supply. Among people who wanted to buy in NCC and didn’t, many bought elsewhere”

Back in the late 90’s Encinitas and Carlsbad were the relief valve for those who worked in Sorrento Valley but didn’t want to pay the sky high LJ,RSF,CV,DM,SB prices. The major tradeoff was commute time. Over the following decade this trend continued and the quality of life in Encinitas and Carlsbad soared as did the relative values of the housing stock.

Unlike the more mature areas, many new houses were sold at the peak of the market to buyer’s with little or no skin in the game. These weak hands will have to be flushed no doubt about it. This flushing is leading to an over-correction to the downside making for some very attractive deals for those with the means to buy.

[pemeliza]

“I’d call that unmet supply. Among people who wanted to buy in NCC and didn’t, many bought elsewhere”

Back in the late 90’s Encinitas and Carlsbad were the relief valve for those who worked in Sorrento Valley but didn’t want to pay the sky high LJ,RSF,CV,DM,SB prices. The major tradeoff was commute time. Over the following decade this trend continued and the quality of life in Encinitas and Carlsbad soared as did the relative values of the housing stock.

Unlike the more mature areas, many new houses were sold at the peak of the market to buyer’s with little or no skin in the game. These weak hands will have to be flushed no doubt about it. This flushing is leading to an over-correction to the downside making for some very attractive deals for those with the means to buy.

[pemeliza]

“I’d call that unmet supply. Among people who wanted to buy in NCC and didn’t, many bought elsewhere”

Back in the late 90’s Encinitas and Carlsbad were the relief valve for those who worked in Sorrento Valley but didn’t want to pay the sky high LJ,RSF,CV,DM,SB prices. The major tradeoff was commute time. Over the following decade this trend continued and the quality of life in Encinitas and Carlsbad soared as did the relative values of the housing stock.

Unlike the more mature areas, many new houses were sold at the peak of the market to buyer’s with little or no skin in the game. These weak hands will have to be flushed no doubt about it. This flushing is leading to an over-correction to the downside making for some very attractive deals for those with the means to buy.

[sdduuuude]

Hey sdr, you always do a good job of presenting your perspective. Very interesting.

[sdduuuude]

Hey sdr, you always do a good job of presenting your perspective. Very interesting.

[sdduuuude]

Hey sdr, you always do a good job of presenting your perspective. Very interesting.

[sdduuuude]

Hey sdr, you always do a good job of presenting your perspective. Very interesting.

[Author]

Posts