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DaCounselor.
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April 23, 2008 at 8:44 AM #193198April 23, 2008 at 9:53 AM #193118
gdcox
ParticipantGraham
XBox.
Just a little technicallity. Price drop needs to be quoted in percentage terms to be useful for comparison purposesApril 23, 2008 at 9:53 AM #193146ParticipantGraham
XBox.
Just a little technicallity. Price drop needs to be quoted in percentage terms to be useful for comparison purposesApril 23, 2008 at 9:53 AM #193174ParticipantGraham
XBox.
Just a little technicallity. Price drop needs to be quoted in percentage terms to be useful for comparison purposesApril 23, 2008 at 9:53 AM #193192ParticipantGraham
XBox.
Just a little technicallity. Price drop needs to be quoted in percentage terms to be useful for comparison purposesApril 23, 2008 at 9:53 AM #193233ParticipantGraham
XBox.
Just a little technicallity. Price drop needs to be quoted in percentage terms to be useful for comparison purposesApril 23, 2008 at 10:14 AM #193138Anonymous
GuestAwombadavis,
You are correct, i should have stated “looking to buy”. And no, there is no official data on that $250K number. Im just using anecdotal info.
The people i know who are looking to buy, would like to, live in PB are the young professionals in the $70-80K range. 3x 10% down is about $250k ish. That’s all.
If they’re married, they probably would go for a house on the hill @ $500K.
Hey, ill admit, those numbers could easily be wrong.
Im just throwing in a vote that PB will be affordable again to people in that price range. And a decent house on Lajolla will be under $1M.Patience, 8% ++ interest rates, and the foreclosure wave sweeping towards the coast.
Im not betting $100 or anything on it, im just hoping it happens…….until inventory and foreclosures drop or prices pencil out to rents, im not buying anyway……
Jasper
April 23, 2008 at 10:14 AM #193166GuestAwombadavis,
You are correct, i should have stated “looking to buy”. And no, there is no official data on that $250K number. Im just using anecdotal info.
The people i know who are looking to buy, would like to, live in PB are the young professionals in the $70-80K range. 3x 10% down is about $250k ish. That’s all.
If they’re married, they probably would go for a house on the hill @ $500K.
Hey, ill admit, those numbers could easily be wrong.
Im just throwing in a vote that PB will be affordable again to people in that price range. And a decent house on Lajolla will be under $1M.Patience, 8% ++ interest rates, and the foreclosure wave sweeping towards the coast.
Im not betting $100 or anything on it, im just hoping it happens…….until inventory and foreclosures drop or prices pencil out to rents, im not buying anyway……
Jasper
April 23, 2008 at 10:14 AM #193195GuestAwombadavis,
You are correct, i should have stated “looking to buy”. And no, there is no official data on that $250K number. Im just using anecdotal info.
The people i know who are looking to buy, would like to, live in PB are the young professionals in the $70-80K range. 3x 10% down is about $250k ish. That’s all.
If they’re married, they probably would go for a house on the hill @ $500K.
Hey, ill admit, those numbers could easily be wrong.
Im just throwing in a vote that PB will be affordable again to people in that price range. And a decent house on Lajolla will be under $1M.Patience, 8% ++ interest rates, and the foreclosure wave sweeping towards the coast.
Im not betting $100 or anything on it, im just hoping it happens…….until inventory and foreclosures drop or prices pencil out to rents, im not buying anyway……
Jasper
April 23, 2008 at 10:14 AM #193211GuestAwombadavis,
You are correct, i should have stated “looking to buy”. And no, there is no official data on that $250K number. Im just using anecdotal info.
The people i know who are looking to buy, would like to, live in PB are the young professionals in the $70-80K range. 3x 10% down is about $250k ish. That’s all.
If they’re married, they probably would go for a house on the hill @ $500K.
Hey, ill admit, those numbers could easily be wrong.
Im just throwing in a vote that PB will be affordable again to people in that price range. And a decent house on Lajolla will be under $1M.Patience, 8% ++ interest rates, and the foreclosure wave sweeping towards the coast.
Im not betting $100 or anything on it, im just hoping it happens…….until inventory and foreclosures drop or prices pencil out to rents, im not buying anyway……
Jasper
April 23, 2008 at 10:14 AM #193253GuestAwombadavis,
You are correct, i should have stated “looking to buy”. And no, there is no official data on that $250K number. Im just using anecdotal info.
The people i know who are looking to buy, would like to, live in PB are the young professionals in the $70-80K range. 3x 10% down is about $250k ish. That’s all.
If they’re married, they probably would go for a house on the hill @ $500K.
Hey, ill admit, those numbers could easily be wrong.
Im just throwing in a vote that PB will be affordable again to people in that price range. And a decent house on Lajolla will be under $1M.Patience, 8% ++ interest rates, and the foreclosure wave sweeping towards the coast.
Im not betting $100 or anything on it, im just hoping it happens…….until inventory and foreclosures drop or prices pencil out to rents, im not buying anyway……
Jasper
April 23, 2008 at 10:37 AM #193168jpinpb
Participant“Unfortunately for many, PB likely is not going to be affordable for the middle class again.”
I vehemently disagree. I am watching PB vigilantly and can tell you little cracks are spreading. Condos are taking some major hits and condos are the first to go. Checking on defaults, many turn into foreclosures. Many of the defaults are on the market. The defaults and foreclosures are bringing down comps. In the Plaza alone, I have see prices fall and sit a looong time.
It’s only a matter of time. SFH are selling in the 650-700 range already, at one time were higher. I would not be surprised to see prices next year at 550-600k, townhomes down to 350-400k.
Only an act of God is going to change that. There has to be some miraculous rescue that not only stops what’s in the works, but reverses it.
April 23, 2008 at 10:37 AM #193196Participant“Unfortunately for many, PB likely is not going to be affordable for the middle class again.”
I vehemently disagree. I am watching PB vigilantly and can tell you little cracks are spreading. Condos are taking some major hits and condos are the first to go. Checking on defaults, many turn into foreclosures. Many of the defaults are on the market. The defaults and foreclosures are bringing down comps. In the Plaza alone, I have see prices fall and sit a looong time.
It’s only a matter of time. SFH are selling in the 650-700 range already, at one time were higher. I would not be surprised to see prices next year at 550-600k, townhomes down to 350-400k.
Only an act of God is going to change that. There has to be some miraculous rescue that not only stops what’s in the works, but reverses it.
April 23, 2008 at 10:37 AM #193224Participant“Unfortunately for many, PB likely is not going to be affordable for the middle class again.”
I vehemently disagree. I am watching PB vigilantly and can tell you little cracks are spreading. Condos are taking some major hits and condos are the first to go. Checking on defaults, many turn into foreclosures. Many of the defaults are on the market. The defaults and foreclosures are bringing down comps. In the Plaza alone, I have see prices fall and sit a looong time.
It’s only a matter of time. SFH are selling in the 650-700 range already, at one time were higher. I would not be surprised to see prices next year at 550-600k, townhomes down to 350-400k.
Only an act of God is going to change that. There has to be some miraculous rescue that not only stops what’s in the works, but reverses it.
April 23, 2008 at 10:37 AM #193241Participant“Unfortunately for many, PB likely is not going to be affordable for the middle class again.”
I vehemently disagree. I am watching PB vigilantly and can tell you little cracks are spreading. Condos are taking some major hits and condos are the first to go. Checking on defaults, many turn into foreclosures. Many of the defaults are on the market. The defaults and foreclosures are bringing down comps. In the Plaza alone, I have see prices fall and sit a looong time.
It’s only a matter of time. SFH are selling in the 650-700 range already, at one time were higher. I would not be surprised to see prices next year at 550-600k, townhomes down to 350-400k.
Only an act of God is going to change that. There has to be some miraculous rescue that not only stops what’s in the works, but reverses it.
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