North park flips… relatistic prices?

[pemeliza]

“Looks like we’re about to see the “big squish-down.””

About to?

[sdrealtor]

I dont get it? So the wealthy enclaves have held up better because those people have more money. So prices have fallen more on the low end. This isnt about how much prices have fallen, I thought this was about affordable housing for families not cheap housing in high end wealthy enclaves for everyone. You are jumping all over the board and making no sense.

You said this was about affordability for families and now you are picking examples from the pockets where the wealthy elite reside.

Again, show me someplace outside of CA where homes in nice areas are not AFFORDABLE to middle and upper middle class families right now.

[sdrealtor]

I dont get it? So the wealthy enclaves have held up better because those people have more money. So prices have fallen more on the low end. This isnt about how much prices have fallen, I thought this was about affordable housing for families not cheap housing in high end wealthy enclaves for everyone. You are jumping all over the board and making no sense.

You said this was about affordability for families and now you are picking examples from the pockets where the wealthy elite reside.

Again, show me someplace outside of CA where homes in nice areas are not AFFORDABLE to middle and upper middle class families right now.

[sdrealtor]

I dont get it? So the wealthy enclaves have held up better because those people have more money. So prices have fallen more on the low end. This isnt about how much prices have fallen, I thought this was about affordable housing for families not cheap housing in high end wealthy enclaves for everyone. You are jumping all over the board and making no sense.

You said this was about affordability for families and now you are picking examples from the pockets where the wealthy elite reside.

Again, show me someplace outside of CA where homes in nice areas are not AFFORDABLE to middle and upper middle class families right now.

[sdrealtor]

I dont get it? So the wealthy enclaves have held up better because those people have more money. So prices have fallen more on the low end. This isnt about how much prices have fallen, I thought this was about affordable housing for families not cheap housing in high end wealthy enclaves for everyone. You are jumping all over the board and making no sense.

You said this was about affordability for families and now you are picking examples from the pockets where the wealthy elite reside.

Again, show me someplace outside of CA where homes in nice areas are not AFFORDABLE to middle and upper middle class families right now.

[sdrealtor]

I dont get it? So the wealthy enclaves have held up better because those people have more money. So prices have fallen more on the low end. This isnt about how much prices have fallen, I thought this was about affordable housing for families not cheap housing in high end wealthy enclaves for everyone. You are jumping all over the board and making no sense.

You said this was about affordability for families and now you are picking examples from the pockets where the wealthy elite reside.

Again, show me someplace outside of CA where homes in nice areas are not AFFORDABLE to middle and upper middle class families right now.

[jstoesz]

I have lost the train of logic in the last page or so…yes I have been lurking.

I would like to clear something up apart from the flipping debate, When people say housing in certain neighborhoods of SD are a good deal or affordable, I want to vomit. There are no neighborhoods in SD where the median income can afford to buy the median home (3X annual income rule). The only way people can afford homes in this state is with preexisting equity, artificially low interest rates, and/or crazy mortgages.

http://realestate.aol.com/San_Diego-CA-neighborhood

If you are curious, the ratio (income to home value, historically <3) is generally between 7-11 for most san diego zip codes. So if you want to say homes are a good deal, or affordable or whatever, you have got to get out of the state and look around.

Logically, I would say this is unsustainable, but home prices have been pretty crazy for the last 20 or so years.

[jstoesz]

I have lost the train of logic in the last page or so…yes I have been lurking.

I would like to clear something up apart from the flipping debate, When people say housing in certain neighborhoods of SD are a good deal or affordable, I want to vomit. There are no neighborhoods in SD where the median income can afford to buy the median home (3X annual income rule). The only way people can afford homes in this state is with preexisting equity, artificially low interest rates, and/or crazy mortgages.

http://realestate.aol.com/San_Diego-CA-neighborhood

If you are curious, the ratio (income to home value, historically <3) is generally between 7-11 for most san diego zip codes. So if you want to say homes are a good deal, or affordable or whatever, you have got to get out of the state and look around.

Logically, I would say this is unsustainable, but home prices have been pretty crazy for the last 20 or so years.

[jstoesz]

I have lost the train of logic in the last page or so…yes I have been lurking.

I would like to clear something up apart from the flipping debate, When people say housing in certain neighborhoods of SD are a good deal or affordable, I want to vomit. There are no neighborhoods in SD where the median income can afford to buy the median home (3X annual income rule). The only way people can afford homes in this state is with preexisting equity, artificially low interest rates, and/or crazy mortgages.

http://realestate.aol.com/San_Diego-CA-neighborhood

If you are curious, the ratio (income to home value, historically <3) is generally between 7-11 for most san diego zip codes. So if you want to say homes are a good deal, or affordable or whatever, you have got to get out of the state and look around.

Logically, I would say this is unsustainable, but home prices have been pretty crazy for the last 20 or so years.

[jstoesz]

I have lost the train of logic in the last page or so…yes I have been lurking.

I would like to clear something up apart from the flipping debate, When people say housing in certain neighborhoods of SD are a good deal or affordable, I want to vomit. There are no neighborhoods in SD where the median income can afford to buy the median home (3X annual income rule). The only way people can afford homes in this state is with preexisting equity, artificially low interest rates, and/or crazy mortgages.

http://realestate.aol.com/San_Diego-CA-neighborhood

If you are curious, the ratio (income to home value, historically <3) is generally between 7-11 for most san diego zip codes. So if you want to say homes are a good deal, or affordable or whatever, you have got to get out of the state and look around.

Logically, I would say this is unsustainable, but home prices have been pretty crazy for the last 20 or so years.

[jstoesz]

I have lost the train of logic in the last page or so…yes I have been lurking.

I would like to clear something up apart from the flipping debate, When people say housing in certain neighborhoods of SD are a good deal or affordable, I want to vomit. There are no neighborhoods in SD where the median income can afford to buy the median home (3X annual income rule). The only way people can afford homes in this state is with preexisting equity, artificially low interest rates, and/or crazy mortgages.

http://realestate.aol.com/San_Diego-CA-neighborhood

If you are curious, the ratio (income to home value, historically <3) is generally between 7-11 for most san diego zip codes. So if you want to say homes are a good deal, or affordable or whatever, you have got to get out of the state and look around.

Logically, I would say this is unsustainable, but home prices have been pretty crazy for the last 20 or so years.

[jpinpb]

[quote=jstoesz]I have lost the train of logic in the last page or so…yes I have been lurking.

I would like to clear something up apart from the flipping debate, When people say housing in certain neighborhoods of SD are a good deal or affordable, I want to vomit. [/quote]

I throw up in my mouth often when I see some of the insane prices.

Thanks for coming out of lurking mode to post that link.

[jpinpb]

[quote=jstoesz]I have lost the train of logic in the last page or so…yes I have been lurking.

I would like to clear something up apart from the flipping debate, When people say housing in certain neighborhoods of SD are a good deal or affordable, I want to vomit. [/quote]

I throw up in my mouth often when I see some of the insane prices.

Thanks for coming out of lurking mode to post that link.

[jpinpb]

[quote=jstoesz]I have lost the train of logic in the last page or so…yes I have been lurking.

I would like to clear something up apart from the flipping debate, When people say housing in certain neighborhoods of SD are a good deal or affordable, I want to vomit. [/quote]

I throw up in my mouth often when I see some of the insane prices.

Thanks for coming out of lurking mode to post that link.

[jpinpb]

[quote=jstoesz]I have lost the train of logic in the last page or so…yes I have been lurking.

I would like to clear something up apart from the flipping debate, When people say housing in certain neighborhoods of SD are a good deal or affordable, I want to vomit. [/quote]

I throw up in my mouth often when I see some of the insane prices.

Thanks for coming out of lurking mode to post that link.

[Author]

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