Real Estate Bubble Pop Questions

[sdgrrl]

Before the bubble actually popped, like many I felt it coming, and one reason aside from the income to home price disparity was this:

Even in the highest priced real estate markets such as say NYC, a person can find affordable housing within an hour commute.

Someone may not be able to afford Manhattan, and not want to live in one the Burroughs, but there is always Long Island, CT etc.

In San Diego, and perhaps San Fran at the height of the boom, a person could not and I believe still cannot drive an hour in any direction (aside from TJ) and be able to buy a SFH for under $300k. Am I wrong in this thinking? Does this sound crazy to most others?

I think an hour to 1 1/2 is pretty much as far as people are willing to drive, especially with gas prices as they are. Can anyone tell me of a city aside from CA ones where there is no affordable housing at least 1.5 hours in any direction from a major US city.

How much further do you guys think houses in areas such as City Hts, Univ. Hts, Normal Hts and North Park will devalue?

Thanks all

[(former)FormerSanDiegan]

In San Diego, and perhaps San Fran at the height of the boom, a person could not and I believe still cannot drive an hour in any direction (aside from TJ) and be able to buy a SFH for under $300k. Am I wrong in this thinking?

You are wrong about the part that says “still cannot…” Below is a map of SFHs listed for less than 300K in the areas you mention.

300-350K can now be found in Clairemont and parts of Mira Mesa. Within the next 9 months I would expect to see plenty of 250-350K houses in Central San Diego.

[img_assist|nid=8172|title=less than 300K SFRs|desc=|link=node|align=left|width=100|height=75]

[(former)FormerSanDiegan]

In San Diego, and perhaps San Fran at the height of the boom, a person could not and I believe still cannot drive an hour in any direction (aside from TJ) and be able to buy a SFH for under $300k. Am I wrong in this thinking?

You are wrong about the part that says “still cannot…” Below is a map of SFHs listed for less than 300K in the areas you mention.

300-350K can now be found in Clairemont and parts of Mira Mesa. Within the next 9 months I would expect to see plenty of 250-350K houses in Central San Diego.

[img_assist|nid=8172|title=less than 300K SFRs|desc=|link=node|align=left|width=100|height=75]

[(former)FormerSanDiegan]

In San Diego, and perhaps San Fran at the height of the boom, a person could not and I believe still cannot drive an hour in any direction (aside from TJ) and be able to buy a SFH for under $300k. Am I wrong in this thinking?

You are wrong about the part that says “still cannot…” Below is a map of SFHs listed for less than 300K in the areas you mention.

300-350K can now be found in Clairemont and parts of Mira Mesa. Within the next 9 months I would expect to see plenty of 250-350K houses in Central San Diego.

[img_assist|nid=8172|title=less than 300K SFRs|desc=|link=node|align=left|width=100|height=75]

[(former)FormerSanDiegan]

In San Diego, and perhaps San Fran at the height of the boom, a person could not and I believe still cannot drive an hour in any direction (aside from TJ) and be able to buy a SFH for under $300k. Am I wrong in this thinking?

You are wrong about the part that says “still cannot…” Below is a map of SFHs listed for less than 300K in the areas you mention.

300-350K can now be found in Clairemont and parts of Mira Mesa. Within the next 9 months I would expect to see plenty of 250-350K houses in Central San Diego.

[img_assist|nid=8172|title=less than 300K SFRs|desc=|link=node|align=left|width=100|height=75]

[(former)FormerSanDiegan]

In San Diego, and perhaps San Fran at the height of the boom, a person could not and I believe still cannot drive an hour in any direction (aside from TJ) and be able to buy a SFH for under $300k. Am I wrong in this thinking?

You are wrong about the part that says “still cannot…” Below is a map of SFHs listed for less than 300K in the areas you mention.

300-350K can now be found in Clairemont and parts of Mira Mesa. Within the next 9 months I would expect to see plenty of 250-350K houses in Central San Diego.

[img_assist|nid=8172|title=less than 300K SFRs|desc=|link=node|align=left|width=100|height=75]

[Aecetia]

This one is from a previous thread and it shows a 47% drop.
http://www.redfin.com/CA/San-Diego/3403-41st-St-92105/home/5396845

The thread was “Anyone else see problems here? $30,000 income buys $316,000 house?”

[Aecetia]

This one is from a previous thread and it shows a 47% drop.
http://www.redfin.com/CA/San-Diego/3403-41st-St-92105/home/5396845

The thread was “Anyone else see problems here? $30,000 income buys $316,000 house?”

[Aecetia]

This one is from a previous thread and it shows a 47% drop.
http://www.redfin.com/CA/San-Diego/3403-41st-St-92105/home/5396845

The thread was “Anyone else see problems here? $30,000 income buys $316,000 house?”

[Aecetia]

This one is from a previous thread and it shows a 47% drop.
http://www.redfin.com/CA/San-Diego/3403-41st-St-92105/home/5396845

The thread was “Anyone else see problems here? $30,000 income buys $316,000 house?”

[Aecetia]

This one is from a previous thread and it shows a 47% drop.
http://www.redfin.com/CA/San-Diego/3403-41st-St-92105/home/5396845

The thread was “Anyone else see problems here? $30,000 income buys $316,000 house?”

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