- This topic has 6 replies, 4 voices, and was last updated 17 years, 2 months ago by doublewide.
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February 20, 2007 at 3:06 PM #8439February 20, 2007 at 3:41 PM #45849PerryChaseParticipant
jg recently posted a great graph using national numbers. You can search for it on the forums.
February 20, 2007 at 11:29 PM #45877hipmattParticipantIts absolutely possible we have too many homes. This is why I encourage even renters to negotiate. There are simply too many vacant homes either for sale or rent, and the prices will come down.
February 20, 2007 at 11:57 PM #45878AnonymousGuestIn the long run though, they are planning to build very, very few new single family homes in the future here, and I’m sure none with yards. All the new construction is moving to smart growth/townhomes/condos. In 30 years, if we have 1 million more residents, don’t you think that this trend will lead to increased demand for single family homes with yards? Once this thing hits bottom it may be a good time to buy long term again.
February 21, 2007 at 12:52 PM #45924AnonymousGuestdoublewide, here’s the link to the thread that Perry mentioned:
http://piggington.com/too_many_homes_certainly_how_many_too_many
When I have some spare time, I may try to customize it to San Diego (but someone, please, beat me to the punch!).
February 21, 2007 at 1:04 PM #45926PerryChaseParticipantSusan Bies, a Fed governor, also mentioned the excess of homes in her speech at Duke.
See related thread:
http://piggington.com/bloomberg_video_on_armsFebruary 21, 2007 at 7:11 PM #45973doublewideParticipantThanks Perry and jg…
I admit I missed a day or two of posts and this graph slipped right by me. It’s nice to see a graph/picture confirming what I was thinking…it’s nice to know you’re not crazy and that there are others out there who see the insanity too :>) -
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