“Incomprehensible Lows” for new home sales in SD county

[svelte]

http://nctimes.com/articles/2009/01/15/business/z369a5407488b1f278825753f00690347.txt

Points from the article:

41 new home sales in all of SD county in November.

2770 new home sales in all of 2008 in SD county, down from a high of 15,570 in 2004.

Interesting quote from director at Michael Crews Development:

“Even if the land were free, builders would be unable to recoup construction costs at today’s prices”

Hmmmm, I have a hard time believing that.

[Sandiagon]

“there are about 1 million houses in the county, with a population of about 3 million people, according to Census Bureau data.”

I think as of now San Diego County has more than enough houses. But many SanDiegon’s affordability is not enough to buy homes as of now (considering after 30% decline).

[Sandiagon]

“there are about 1 million houses in the county, with a population of about 3 million people, according to Census Bureau data.”

I think as of now San Diego County has more than enough houses. But many SanDiegon’s affordability is not enough to buy homes as of now (considering after 30% decline).

[Sandiagon]

“there are about 1 million houses in the county, with a population of about 3 million people, according to Census Bureau data.”

I think as of now San Diego County has more than enough houses. But many SanDiegon’s affordability is not enough to buy homes as of now (considering after 30% decline).

[Sandiagon]

“there are about 1 million houses in the county, with a population of about 3 million people, according to Census Bureau data.”

I think as of now San Diego County has more than enough houses. But many SanDiegon’s affordability is not enough to buy homes as of now (considering after 30% decline).

[Sandiagon]

“there are about 1 million houses in the county, with a population of about 3 million people, according to Census Bureau data.”

I think as of now San Diego County has more than enough houses. But many SanDiegon’s affordability is not enough to buy homes as of now (considering after 30% decline).

[oxfordrick]

Ah but construction costs are going down too.

Prices, rents, costs – it’s a race to the bottom!

[oxfordrick]

Ah but construction costs are going down too.

Prices, rents, costs – it’s a race to the bottom!

[oxfordrick]

Ah but construction costs are going down too.

Prices, rents, costs – it’s a race to the bottom!

[oxfordrick]

Ah but construction costs are going down too.

Prices, rents, costs – it’s a race to the bottom!

[oxfordrick]

Ah but construction costs are going down too.

Prices, rents, costs – it’s a race to the bottom!

[ariffe22]

Contractor could build great homes for less than $200 psf, but they don’t know how to. they do it in other parts of the country.

[ariffe22]

Contractor could build great homes for less than $200 psf, but they don’t know how to. they do it in other parts of the country.

[ariffe22]

Contractor could build great homes for less than $200 psf, but they don’t know how to. they do it in other parts of the country.

[ariffe22]

Contractor could build great homes for less than $200 psf, but they don’t know how to. they do it in other parts of the country.

[Author]

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