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February 27, 2009 at 9:59 AM #356831February 27, 2009 at 10:28 AM #356294SD RealtorParticipant
If I were the Chines govt, I would basically take all the crap paper, treasuries and other worthless assets and buy US real estate as well.
Why not?
February 27, 2009 at 10:28 AM #356599SD RealtorParticipantIf I were the Chines govt, I would basically take all the crap paper, treasuries and other worthless assets and buy US real estate as well.
Why not?
February 27, 2009 at 10:28 AM #356737SD RealtorParticipantIf I were the Chines govt, I would basically take all the crap paper, treasuries and other worthless assets and buy US real estate as well.
Why not?
February 27, 2009 at 10:28 AM #356765SD RealtorParticipantIf I were the Chines govt, I would basically take all the crap paper, treasuries and other worthless assets and buy US real estate as well.
Why not?
February 27, 2009 at 10:28 AM #356876SD RealtorParticipantIf I were the Chines govt, I would basically take all the crap paper, treasuries and other worthless assets and buy US real estate as well.
Why not?
February 27, 2009 at 10:42 AM #356319arnieParticipantFrom what I have been reading here, I am coming to the two following conclusions.
First, that the Federal efforts to fix housing are being made to help out owners of houses that are close to the national median price. San Diego is so off the charts compared to the rest of the country that most of the impact from the Federal government is not going to be felt here as opposed to, say, Iowa.
Second, that the Federal efforts to fix housing are in no way intended to prop up prices or to re-inflate the bubble. At this point, they know it will go down further, but are trying to prevent an overcorrection that is often seen in the aftermath of an asset bubble.
Having said that, I agree that the bottom is nowhere near in San Diego and, because of the above, that it will take longer and not have the deep overcorrection that many here have been hoping for.
February 27, 2009 at 10:42 AM #356624arnieParticipantFrom what I have been reading here, I am coming to the two following conclusions.
First, that the Federal efforts to fix housing are being made to help out owners of houses that are close to the national median price. San Diego is so off the charts compared to the rest of the country that most of the impact from the Federal government is not going to be felt here as opposed to, say, Iowa.
Second, that the Federal efforts to fix housing are in no way intended to prop up prices or to re-inflate the bubble. At this point, they know it will go down further, but are trying to prevent an overcorrection that is often seen in the aftermath of an asset bubble.
Having said that, I agree that the bottom is nowhere near in San Diego and, because of the above, that it will take longer and not have the deep overcorrection that many here have been hoping for.
February 27, 2009 at 10:42 AM #356763arnieParticipantFrom what I have been reading here, I am coming to the two following conclusions.
First, that the Federal efforts to fix housing are being made to help out owners of houses that are close to the national median price. San Diego is so off the charts compared to the rest of the country that most of the impact from the Federal government is not going to be felt here as opposed to, say, Iowa.
Second, that the Federal efforts to fix housing are in no way intended to prop up prices or to re-inflate the bubble. At this point, they know it will go down further, but are trying to prevent an overcorrection that is often seen in the aftermath of an asset bubble.
Having said that, I agree that the bottom is nowhere near in San Diego and, because of the above, that it will take longer and not have the deep overcorrection that many here have been hoping for.
February 27, 2009 at 10:42 AM #356790arnieParticipantFrom what I have been reading here, I am coming to the two following conclusions.
First, that the Federal efforts to fix housing are being made to help out owners of houses that are close to the national median price. San Diego is so off the charts compared to the rest of the country that most of the impact from the Federal government is not going to be felt here as opposed to, say, Iowa.
Second, that the Federal efforts to fix housing are in no way intended to prop up prices or to re-inflate the bubble. At this point, they know it will go down further, but are trying to prevent an overcorrection that is often seen in the aftermath of an asset bubble.
Having said that, I agree that the bottom is nowhere near in San Diego and, because of the above, that it will take longer and not have the deep overcorrection that many here have been hoping for.
February 27, 2009 at 10:42 AM #356901arnieParticipantFrom what I have been reading here, I am coming to the two following conclusions.
First, that the Federal efforts to fix housing are being made to help out owners of houses that are close to the national median price. San Diego is so off the charts compared to the rest of the country that most of the impact from the Federal government is not going to be felt here as opposed to, say, Iowa.
Second, that the Federal efforts to fix housing are in no way intended to prop up prices or to re-inflate the bubble. At this point, they know it will go down further, but are trying to prevent an overcorrection that is often seen in the aftermath of an asset bubble.
Having said that, I agree that the bottom is nowhere near in San Diego and, because of the above, that it will take longer and not have the deep overcorrection that many here have been hoping for.
February 27, 2009 at 3:13 PM #356560(former)FormerSanDieganParticipantI believe that we are close to the bottom as measured by SFR median price in San Diego.
Part of the reason is technical (the sales mix is skewed to the low end and will skew upward as higher priced markets tank and become more affordable).
The other part is fundamental : Affordability ratio for starter areas is favorable.
February 27, 2009 at 3:13 PM #356864(former)FormerSanDieganParticipantI believe that we are close to the bottom as measured by SFR median price in San Diego.
Part of the reason is technical (the sales mix is skewed to the low end and will skew upward as higher priced markets tank and become more affordable).
The other part is fundamental : Affordability ratio for starter areas is favorable.
February 27, 2009 at 3:13 PM #357003(former)FormerSanDieganParticipantI believe that we are close to the bottom as measured by SFR median price in San Diego.
Part of the reason is technical (the sales mix is skewed to the low end and will skew upward as higher priced markets tank and become more affordable).
The other part is fundamental : Affordability ratio for starter areas is favorable.
February 27, 2009 at 3:13 PM #357030(former)FormerSanDieganParticipantI believe that we are close to the bottom as measured by SFR median price in San Diego.
Part of the reason is technical (the sales mix is skewed to the low end and will skew upward as higher priced markets tank and become more affordable).
The other part is fundamental : Affordability ratio for starter areas is favorable.
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