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Nor-LA-SD-guy.
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January 21, 2009 at 11:29 PM #333311January 21, 2009 at 11:29 PM #333340
ocrenter
Participant“But I paid $83 a square in morgan, it’s worse than he predicted. 300k has been beaten as well, many times.”
went back some more to read more predictions from paramount… national calamity is here… think Morgan Hills will hit $75/sqft? but seriously, at this point it really doesn’t make a difference for my friend that paid $180/sqft in 2006.
“THIS WILL NOT HAPPEN, it will NEVER be $75 psf in Morgan Hill, barring some national calamity.”
January 21, 2009 at 11:29 PM #333423Participant“But I paid $83 a square in morgan, it’s worse than he predicted. 300k has been beaten as well, many times.”
went back some more to read more predictions from paramount… national calamity is here… think Morgan Hills will hit $75/sqft? but seriously, at this point it really doesn’t make a difference for my friend that paid $180/sqft in 2006.
“THIS WILL NOT HAPPEN, it will NEVER be $75 psf in Morgan Hill, barring some national calamity.”
January 22, 2009 at 6:38 AM #332935Nor-LA-SD-guy
Participant[quote=FormerOwner]I’ve lived in the valley for almost 10 years and I’ve been watching the ups and downs of the RE market and economy the whole time. Prices are back to 2001 or even 2000 levels in many areas now. A lot of the less desirable areas have seen 50% – 60% price drops. There are a lot of vacant retail stores but overall the area seems OK as far as quality of life. Prices are still on the downtrend but not falling anywhere near as fast as they were. From here it’s anyone’s guess where prices go. There are a lot of unemployed construction workers, real estate proessionals, etc. but you don’t get the feel of living in the burned out Bronx or Detroit – at least not yet. I think the biggest risk to the area going forward is a spike in oil prices. That is even harder to predict than RE price though.[/quote]
I think this last 6 Months the place (TV) has actually improved as the more marginal types (sub Prime) have been replaced with more prime owners and the Lowes and Home Depot’s seem to be as busy as ever. The one thing that scares me now is that all the (well at least the nice ones) foreclosures are getting eaten up like Halloween candy and I will not be able to get my double down deal next to TG (actually not really looking in your area TG but am looking for a good rental type home at this point, I just don’t want to move again but you never know).
January 22, 2009 at 6:38 AM #333269Participant[quote=FormerOwner]I’ve lived in the valley for almost 10 years and I’ve been watching the ups and downs of the RE market and economy the whole time. Prices are back to 2001 or even 2000 levels in many areas now. A lot of the less desirable areas have seen 50% – 60% price drops. There are a lot of vacant retail stores but overall the area seems OK as far as quality of life. Prices are still on the downtrend but not falling anywhere near as fast as they were. From here it’s anyone’s guess where prices go. There are a lot of unemployed construction workers, real estate proessionals, etc. but you don’t get the feel of living in the burned out Bronx or Detroit – at least not yet. I think the biggest risk to the area going forward is a spike in oil prices. That is even harder to predict than RE price though.[/quote]
I think this last 6 Months the place (TV) has actually improved as the more marginal types (sub Prime) have been replaced with more prime owners and the Lowes and Home Depot’s seem to be as busy as ever. The one thing that scares me now is that all the (well at least the nice ones) foreclosures are getting eaten up like Halloween candy and I will not be able to get my double down deal next to TG (actually not really looking in your area TG but am looking for a good rental type home at this point, I just don’t want to move again but you never know).
January 22, 2009 at 6:38 AM #333352Participant[quote=FormerOwner]I’ve lived in the valley for almost 10 years and I’ve been watching the ups and downs of the RE market and economy the whole time. Prices are back to 2001 or even 2000 levels in many areas now. A lot of the less desirable areas have seen 50% – 60% price drops. There are a lot of vacant retail stores but overall the area seems OK as far as quality of life. Prices are still on the downtrend but not falling anywhere near as fast as they were. From here it’s anyone’s guess where prices go. There are a lot of unemployed construction workers, real estate proessionals, etc. but you don’t get the feel of living in the burned out Bronx or Detroit – at least not yet. I think the biggest risk to the area going forward is a spike in oil prices. That is even harder to predict than RE price though.[/quote]
I think this last 6 Months the place (TV) has actually improved as the more marginal types (sub Prime) have been replaced with more prime owners and the Lowes and Home Depot’s seem to be as busy as ever. The one thing that scares me now is that all the (well at least the nice ones) foreclosures are getting eaten up like Halloween candy and I will not be able to get my double down deal next to TG (actually not really looking in your area TG but am looking for a good rental type home at this point, I just don’t want to move again but you never know).
January 22, 2009 at 6:38 AM #333379Participant[quote=FormerOwner]I’ve lived in the valley for almost 10 years and I’ve been watching the ups and downs of the RE market and economy the whole time. Prices are back to 2001 or even 2000 levels in many areas now. A lot of the less desirable areas have seen 50% – 60% price drops. There are a lot of vacant retail stores but overall the area seems OK as far as quality of life. Prices are still on the downtrend but not falling anywhere near as fast as they were. From here it’s anyone’s guess where prices go. There are a lot of unemployed construction workers, real estate proessionals, etc. but you don’t get the feel of living in the burned out Bronx or Detroit – at least not yet. I think the biggest risk to the area going forward is a spike in oil prices. That is even harder to predict than RE price though.[/quote]
I think this last 6 Months the place (TV) has actually improved as the more marginal types (sub Prime) have been replaced with more prime owners and the Lowes and Home Depot’s seem to be as busy as ever. The one thing that scares me now is that all the (well at least the nice ones) foreclosures are getting eaten up like Halloween candy and I will not be able to get my double down deal next to TG (actually not really looking in your area TG but am looking for a good rental type home at this point, I just don’t want to move again but you never know).
January 22, 2009 at 6:38 AM #333463Participant[quote=FormerOwner]I’ve lived in the valley for almost 10 years and I’ve been watching the ups and downs of the RE market and economy the whole time. Prices are back to 2001 or even 2000 levels in many areas now. A lot of the less desirable areas have seen 50% – 60% price drops. There are a lot of vacant retail stores but overall the area seems OK as far as quality of life. Prices are still on the downtrend but not falling anywhere near as fast as they were. From here it’s anyone’s guess where prices go. There are a lot of unemployed construction workers, real estate proessionals, etc. but you don’t get the feel of living in the burned out Bronx or Detroit – at least not yet. I think the biggest risk to the area going forward is a spike in oil prices. That is even harder to predict than RE price though.[/quote]
I think this last 6 Months the place (TV) has actually improved as the more marginal types (sub Prime) have been replaced with more prime owners and the Lowes and Home Depot’s seem to be as busy as ever. The one thing that scares me now is that all the (well at least the nice ones) foreclosures are getting eaten up like Halloween candy and I will not be able to get my double down deal next to TG (actually not really looking in your area TG but am looking for a good rental type home at this point, I just don’t want to move again but you never know).
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