Prime Areas Collapse

[SD Realtor]

I think a job of over 175k is a high end job.

James I think high end/prmime areas is kind of subjective. To me high end and desireable are used in an interchangeable manner but I am not so sure they should be. For instance Rancho Penasquitos is desired by alot of people but by no means should be considered high end. Single family homes are in the 500k and up range out there although there are some twin homes cheaper out there. Also 4S Ranch is desireable and has single family homes in the 600k and up range. Encinitas is very desireable and has older home stock but also in that price range and up.

To me, high end is in the 7 figures and up range. I think that there is a very probable that high end will continue to collapse. As far as other non high end places that are desireable… well that is a trickier one. There is no doubt alot of foreclosures out there, alot of shadow inventory as well and more coming. Lots of unemployment as well. This is countered with a lack of inventory and a government that will throw the baby out with the bathwater in terms of trying to reinflate the market. How the inventory is disposed will be an interesting scenario.

[an]

[quote=SD Realtor]This is countered with a lack of inventory and a government that will throw the baby out with the bathwater in terms of trying to reinflate the market. How the inventory is disposed will be an interesting scenario.[/quote]
I remember the last time I tried to suggest that the government is trying their best to re-inflate the bubble. That didn’t end too nicely for me :-). Good luck to you sdr.

[an]

[quote=SD Realtor]This is countered with a lack of inventory and a government that will throw the baby out with the bathwater in terms of trying to reinflate the market. How the inventory is disposed will be an interesting scenario.[/quote]
I remember the last time I tried to suggest that the government is trying their best to re-inflate the bubble. That didn’t end too nicely for me :-). Good luck to you sdr.

[an]

[quote=SD Realtor]This is countered with a lack of inventory and a government that will throw the baby out with the bathwater in terms of trying to reinflate the market. How the inventory is disposed will be an interesting scenario.[/quote]
I remember the last time I tried to suggest that the government is trying their best to re-inflate the bubble. That didn’t end too nicely for me :-). Good luck to you sdr.

[an]

[quote=SD Realtor]This is countered with a lack of inventory and a government that will throw the baby out with the bathwater in terms of trying to reinflate the market. How the inventory is disposed will be an interesting scenario.[/quote]
I remember the last time I tried to suggest that the government is trying their best to re-inflate the bubble. That didn’t end too nicely for me :-). Good luck to you sdr.

[an]

[quote=SD Realtor]This is countered with a lack of inventory and a government that will throw the baby out with the bathwater in terms of trying to reinflate the market. How the inventory is disposed will be an interesting scenario.[/quote]
I remember the last time I tried to suggest that the government is trying their best to re-inflate the bubble. That didn’t end too nicely for me :-). Good luck to you sdr.

[an]

[quote=SD Realtor]This is countered with a lack of inventory and a government that will throw the baby out with the bathwater in terms of trying to reinflate the market. How the inventory is disposed will be an interesting scenario.[/quote]
I remember the last time I tried to suggest that the government is trying their best to re-inflate the bubble. That didn’t end well for me :-). Good luck to you sdr.

[an]

[quote=SD Realtor]This is countered with a lack of inventory and a government that will throw the baby out with the bathwater in terms of trying to reinflate the market. How the inventory is disposed will be an interesting scenario.[/quote]
I remember the last time I tried to suggest that the government is trying their best to re-inflate the bubble. That didn’t end well for me :-). Good luck to you sdr.

[an]

[quote=SD Realtor]This is countered with a lack of inventory and a government that will throw the baby out with the bathwater in terms of trying to reinflate the market. How the inventory is disposed will be an interesting scenario.[/quote]
I remember the last time I tried to suggest that the government is trying their best to re-inflate the bubble. That didn’t end well for me :-). Good luck to you sdr.

[an]

[quote=SD Realtor]This is countered with a lack of inventory and a government that will throw the baby out with the bathwater in terms of trying to reinflate the market. How the inventory is disposed will be an interesting scenario.[/quote]
I remember the last time I tried to suggest that the government is trying their best to re-inflate the bubble. That didn’t end well for me :-). Good luck to you sdr.

[an]

[quote=SD Realtor]This is countered with a lack of inventory and a government that will throw the baby out with the bathwater in terms of trying to reinflate the market. How the inventory is disposed will be an interesting scenario.[/quote]
I remember the last time I tried to suggest that the government is trying their best to re-inflate the bubble. That didn’t end well for me :-). Good luck to you sdr.

[sdcellar]

I seem to recall it was just someone contending that the government was doing their best to keep things from detiorating further rather than an attempt to bring things back to bubble levels.

The latter would certainly seem much more difficult to achieve and suggestions that the recent rebound in the housing market represents any sustainable progress to that end would seem premature.

[sdcellar]

I seem to recall it was just someone contending that the government was doing their best to keep things from detiorating further rather than an attempt to bring things back to bubble levels.

The latter would certainly seem much more difficult to achieve and suggestions that the recent rebound in the housing market represents any sustainable progress to that end would seem premature.

[sdcellar]

I seem to recall it was just someone contending that the government was doing their best to keep things from detiorating further rather than an attempt to bring things back to bubble levels.

The latter would certainly seem much more difficult to achieve and suggestions that the recent rebound in the housing market represents any sustainable progress to that end would seem premature.

[sdcellar]

I seem to recall it was just someone contending that the government was doing their best to keep things from detiorating further rather than an attempt to bring things back to bubble levels.

The latter would certainly seem much more difficult to achieve and suggestions that the recent rebound in the housing market represents any sustainable progress to that end would seem premature.

[Author]

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