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SD Realtor.
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October 12, 2009 at 5:36 AM #468363October 12, 2009 at 1:34 PM #467706
Rt.66
ParticipantI think that your belief that we can extrapolate to a degree is a fair assumption.
“Being that S.Cal is far more desirable the cycle is a few years delayed but the prime areas WILL come down to reality.”
I fully agree.
That article (if one actually reads it) points out SDs position and seeming quandary very well. Which is to say that desirable areas defy gravity the longest but eventually succumb to the bursting of bubbles? Should not be a surprise to any of us.
“ The ZIP code 85007 in central Phoenix, which houses more than its share of Arizona bluebloods and political insiders, was largely unaffected by area foreclosure activity in 2008, even as neighboring ZIP codes saw home values lopped in half.
But this year, the median home price in 85007 collapsed, falling 76.5 percent in the first eight months, according to analysis by The Arizona Republic using data from the Phoenix-based Information Market.”
From largely unaffected to a 76% drop, ouch!
October 12, 2009 at 1:34 PM #467888ParticipantI think that your belief that we can extrapolate to a degree is a fair assumption.
“Being that S.Cal is far more desirable the cycle is a few years delayed but the prime areas WILL come down to reality.”
I fully agree.
That article (if one actually reads it) points out SDs position and seeming quandary very well. Which is to say that desirable areas defy gravity the longest but eventually succumb to the bursting of bubbles? Should not be a surprise to any of us.
“ The ZIP code 85007 in central Phoenix, which houses more than its share of Arizona bluebloods and political insiders, was largely unaffected by area foreclosure activity in 2008, even as neighboring ZIP codes saw home values lopped in half.
But this year, the median home price in 85007 collapsed, falling 76.5 percent in the first eight months, according to analysis by The Arizona Republic using data from the Phoenix-based Information Market.”
From largely unaffected to a 76% drop, ouch!
October 12, 2009 at 1:34 PM #468244ParticipantI think that your belief that we can extrapolate to a degree is a fair assumption.
“Being that S.Cal is far more desirable the cycle is a few years delayed but the prime areas WILL come down to reality.”
I fully agree.
That article (if one actually reads it) points out SDs position and seeming quandary very well. Which is to say that desirable areas defy gravity the longest but eventually succumb to the bursting of bubbles? Should not be a surprise to any of us.
“ The ZIP code 85007 in central Phoenix, which houses more than its share of Arizona bluebloods and political insiders, was largely unaffected by area foreclosure activity in 2008, even as neighboring ZIP codes saw home values lopped in half.
But this year, the median home price in 85007 collapsed, falling 76.5 percent in the first eight months, according to analysis by The Arizona Republic using data from the Phoenix-based Information Market.”
From largely unaffected to a 76% drop, ouch!
October 12, 2009 at 1:34 PM #468315ParticipantI think that your belief that we can extrapolate to a degree is a fair assumption.
“Being that S.Cal is far more desirable the cycle is a few years delayed but the prime areas WILL come down to reality.”
I fully agree.
That article (if one actually reads it) points out SDs position and seeming quandary very well. Which is to say that desirable areas defy gravity the longest but eventually succumb to the bursting of bubbles? Should not be a surprise to any of us.
“ The ZIP code 85007 in central Phoenix, which houses more than its share of Arizona bluebloods and political insiders, was largely unaffected by area foreclosure activity in 2008, even as neighboring ZIP codes saw home values lopped in half.
But this year, the median home price in 85007 collapsed, falling 76.5 percent in the first eight months, according to analysis by The Arizona Republic using data from the Phoenix-based Information Market.”
From largely unaffected to a 76% drop, ouch!
October 12, 2009 at 1:34 PM #468528ParticipantI think that your belief that we can extrapolate to a degree is a fair assumption.
“Being that S.Cal is far more desirable the cycle is a few years delayed but the prime areas WILL come down to reality.”
I fully agree.
That article (if one actually reads it) points out SDs position and seeming quandary very well. Which is to say that desirable areas defy gravity the longest but eventually succumb to the bursting of bubbles? Should not be a surprise to any of us.
“ The ZIP code 85007 in central Phoenix, which houses more than its share of Arizona bluebloods and political insiders, was largely unaffected by area foreclosure activity in 2008, even as neighboring ZIP codes saw home values lopped in half.
But this year, the median home price in 85007 collapsed, falling 76.5 percent in the first eight months, according to analysis by The Arizona Republic using data from the Phoenix-based Information Market.”
From largely unaffected to a 76% drop, ouch!
October 12, 2009 at 1:50 PM #467721jameswenn
Participant[quote=sobmaz]Jameswenn
I think you had better check the unemployment stats for Phoenix before you start making comments.
http://www.bls.gov/web/laulrgma.htm
Phoenix beats San Diego, to the good, by almost 2 percent. And of course San Diego will never have the foreclosure problem Phoenix does, that is why prices here will always remain at least double Phoenix.[/quote]
I had no idea that unemployment was that bad in San Diego. Still feels like we’re doing well, maybe we have alot of H1B Visa workers that aren’t counted which pads our economy.
October 12, 2009 at 1:50 PM #467902Participant[quote=sobmaz]Jameswenn
I think you had better check the unemployment stats for Phoenix before you start making comments.
http://www.bls.gov/web/laulrgma.htm
Phoenix beats San Diego, to the good, by almost 2 percent. And of course San Diego will never have the foreclosure problem Phoenix does, that is why prices here will always remain at least double Phoenix.[/quote]
I had no idea that unemployment was that bad in San Diego. Still feels like we’re doing well, maybe we have alot of H1B Visa workers that aren’t counted which pads our economy.
October 12, 2009 at 1:50 PM #468259Participant[quote=sobmaz]Jameswenn
I think you had better check the unemployment stats for Phoenix before you start making comments.
http://www.bls.gov/web/laulrgma.htm
Phoenix beats San Diego, to the good, by almost 2 percent. And of course San Diego will never have the foreclosure problem Phoenix does, that is why prices here will always remain at least double Phoenix.[/quote]
I had no idea that unemployment was that bad in San Diego. Still feels like we’re doing well, maybe we have alot of H1B Visa workers that aren’t counted which pads our economy.
October 12, 2009 at 1:50 PM #468330Participant[quote=sobmaz]Jameswenn
I think you had better check the unemployment stats for Phoenix before you start making comments.
http://www.bls.gov/web/laulrgma.htm
Phoenix beats San Diego, to the good, by almost 2 percent. And of course San Diego will never have the foreclosure problem Phoenix does, that is why prices here will always remain at least double Phoenix.[/quote]
I had no idea that unemployment was that bad in San Diego. Still feels like we’re doing well, maybe we have alot of H1B Visa workers that aren’t counted which pads our economy.
October 12, 2009 at 1:50 PM #468543Participant[quote=sobmaz]Jameswenn
I think you had better check the unemployment stats for Phoenix before you start making comments.
http://www.bls.gov/web/laulrgma.htm
Phoenix beats San Diego, to the good, by almost 2 percent. And of course San Diego will never have the foreclosure problem Phoenix does, that is why prices here will always remain at least double Phoenix.[/quote]
I had no idea that unemployment was that bad in San Diego. Still feels like we’re doing well, maybe we have alot of H1B Visa workers that aren’t counted which pads our economy.
October 12, 2009 at 3:05 PM #467741briansd1
GuestRemember that a large portion of second homes in San Diego is owned by Arizona and Nevada residents.
As their economies get hit, those folk have much reduced wherewithal to hang on to their second homes in San Diego.
Time will tell…
October 12, 2009 at 3:05 PM #467922GuestRemember that a large portion of second homes in San Diego is owned by Arizona and Nevada residents.
As their economies get hit, those folk have much reduced wherewithal to hang on to their second homes in San Diego.
Time will tell…
October 12, 2009 at 3:05 PM #468279GuestRemember that a large portion of second homes in San Diego is owned by Arizona and Nevada residents.
As their economies get hit, those folk have much reduced wherewithal to hang on to their second homes in San Diego.
Time will tell…
October 12, 2009 at 3:05 PM #468350GuestRemember that a large portion of second homes in San Diego is owned by Arizona and Nevada residents.
As their economies get hit, those folk have much reduced wherewithal to hang on to their second homes in San Diego.
Time will tell…
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