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moneymaker.
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February 27, 2009 at 5:59 AM #356672February 27, 2009 at 6:44 AM #356091
Nor-LA-SD-guy
Participant[quote=jetonejet]I am a believer in the fundamentals camp.
House prices will level when:
Supply = Demand
(work through all the foreclosures)Price = the historical 3to4 times peoples annual incomes
(current median income in CA is like $60K)cost to buy = a little more than renting
(still cheaper to rent)Other physcalogical factors:
People not fearing losing there jobs
People not losing their asses in the stock marketThis is my uneducated opinion…[/quote]
“Price = the historical 3to4 times peoples annual incomes
(current median income in CA is like $60K)”Although I can believe that in places like say Temecula Valley ( a ways away from the coast),
Once the Foreclosures are gone, Coastal Ca will always demand a paradise tax (premium) always has always will.Just ask anyone living in Hawaii .
One more thought, even in Temecula valley this will mean much smaller homes/condos etc…
There is the cost to build factor.Maybe this is what they mean when they say lower standard of living …
February 27, 2009 at 6:44 AM #356400Participant[quote=jetonejet]I am a believer in the fundamentals camp.
House prices will level when:
Supply = Demand
(work through all the foreclosures)Price = the historical 3to4 times peoples annual incomes
(current median income in CA is like $60K)cost to buy = a little more than renting
(still cheaper to rent)Other physcalogical factors:
People not fearing losing there jobs
People not losing their asses in the stock marketThis is my uneducated opinion…[/quote]
“Price = the historical 3to4 times peoples annual incomes
(current median income in CA is like $60K)”Although I can believe that in places like say Temecula Valley ( a ways away from the coast),
Once the Foreclosures are gone, Coastal Ca will always demand a paradise tax (premium) always has always will.Just ask anyone living in Hawaii .
One more thought, even in Temecula valley this will mean much smaller homes/condos etc…
There is the cost to build factor.Maybe this is what they mean when they say lower standard of living …
February 27, 2009 at 6:44 AM #356538Participant[quote=jetonejet]I am a believer in the fundamentals camp.
House prices will level when:
Supply = Demand
(work through all the foreclosures)Price = the historical 3to4 times peoples annual incomes
(current median income in CA is like $60K)cost to buy = a little more than renting
(still cheaper to rent)Other physcalogical factors:
People not fearing losing there jobs
People not losing their asses in the stock marketThis is my uneducated opinion…[/quote]
“Price = the historical 3to4 times peoples annual incomes
(current median income in CA is like $60K)”Although I can believe that in places like say Temecula Valley ( a ways away from the coast),
Once the Foreclosures are gone, Coastal Ca will always demand a paradise tax (premium) always has always will.Just ask anyone living in Hawaii .
One more thought, even in Temecula valley this will mean much smaller homes/condos etc…
There is the cost to build factor.Maybe this is what they mean when they say lower standard of living …
February 27, 2009 at 6:44 AM #356566Participant[quote=jetonejet]I am a believer in the fundamentals camp.
House prices will level when:
Supply = Demand
(work through all the foreclosures)Price = the historical 3to4 times peoples annual incomes
(current median income in CA is like $60K)cost to buy = a little more than renting
(still cheaper to rent)Other physcalogical factors:
People not fearing losing there jobs
People not losing their asses in the stock marketThis is my uneducated opinion…[/quote]
“Price = the historical 3to4 times peoples annual incomes
(current median income in CA is like $60K)”Although I can believe that in places like say Temecula Valley ( a ways away from the coast),
Once the Foreclosures are gone, Coastal Ca will always demand a paradise tax (premium) always has always will.Just ask anyone living in Hawaii .
One more thought, even in Temecula valley this will mean much smaller homes/condos etc…
There is the cost to build factor.Maybe this is what they mean when they say lower standard of living …
February 27, 2009 at 6:44 AM #356677Participant[quote=jetonejet]I am a believer in the fundamentals camp.
House prices will level when:
Supply = Demand
(work through all the foreclosures)Price = the historical 3to4 times peoples annual incomes
(current median income in CA is like $60K)cost to buy = a little more than renting
(still cheaper to rent)Other physcalogical factors:
People not fearing losing there jobs
People not losing their asses in the stock marketThis is my uneducated opinion…[/quote]
“Price = the historical 3to4 times peoples annual incomes
(current median income in CA is like $60K)”Although I can believe that in places like say Temecula Valley ( a ways away from the coast),
Once the Foreclosures are gone, Coastal Ca will always demand a paradise tax (premium) always has always will.Just ask anyone living in Hawaii .
One more thought, even in Temecula valley this will mean much smaller homes/condos etc…
There is the cost to build factor.Maybe this is what they mean when they say lower standard of living …
February 27, 2009 at 9:51 AM #35624334f3f3f
Participant[quote=Casca]Check out the Chinese knife catching tour:
[/quote]
I read that a group of only 300 was coming over. While it’s true that (local) Chinese may be propping up areas like Arcadia, I think they are more canny than this, and many will go home empty handed.February 27, 2009 at 9:51 AM #356549Participant[quote=Casca]Check out the Chinese knife catching tour:
[/quote]
I read that a group of only 300 was coming over. While it’s true that (local) Chinese may be propping up areas like Arcadia, I think they are more canny than this, and many will go home empty handed.February 27, 2009 at 9:51 AM #356688Participant[quote=Casca]Check out the Chinese knife catching tour:
[/quote]
I read that a group of only 300 was coming over. While it’s true that (local) Chinese may be propping up areas like Arcadia, I think they are more canny than this, and many will go home empty handed.February 27, 2009 at 9:51 AM #356716Participant[quote=Casca]Check out the Chinese knife catching tour:
[/quote]
I read that a group of only 300 was coming over. While it’s true that (local) Chinese may be propping up areas like Arcadia, I think they are more canny than this, and many will go home empty handed.February 27, 2009 at 9:51 AM #356826Participant[quote=Casca]Check out the Chinese knife catching tour:
[/quote]
I read that a group of only 300 was coming over. While it’s true that (local) Chinese may be propping up areas like Arcadia, I think they are more canny than this, and many will go home empty handed.February 27, 2009 at 9:59 AM #356248Participant[quote=SD Realtor]Now I do believe we will see a much more uneven depreciation cycle. Not only is it defined by serious fragmention based on housing type and zip codes, but now I feel as if we will see a much more schizophrenic behavior with bouts of cyclical rallies that result in subsidies more then market strength. [/quote]
That’s seems to be playing out in Rich’s graphs, and I think it is happening now.
February 27, 2009 at 9:59 AM #356554Participant[quote=SD Realtor]Now I do believe we will see a much more uneven depreciation cycle. Not only is it defined by serious fragmention based on housing type and zip codes, but now I feel as if we will see a much more schizophrenic behavior with bouts of cyclical rallies that result in subsidies more then market strength. [/quote]
That’s seems to be playing out in Rich’s graphs, and I think it is happening now.
February 27, 2009 at 9:59 AM #356693Participant[quote=SD Realtor]Now I do believe we will see a much more uneven depreciation cycle. Not only is it defined by serious fragmention based on housing type and zip codes, but now I feel as if we will see a much more schizophrenic behavior with bouts of cyclical rallies that result in subsidies more then market strength. [/quote]
That’s seems to be playing out in Rich’s graphs, and I think it is happening now.
February 27, 2009 at 9:59 AM #356721Participant[quote=SD Realtor]Now I do believe we will see a much more uneven depreciation cycle. Not only is it defined by serious fragmention based on housing type and zip codes, but now I feel as if we will see a much more schizophrenic behavior with bouts of cyclical rallies that result in subsidies more then market strength. [/quote]
That’s seems to be playing out in Rich’s graphs, and I think it is happening now.
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