- This topic has 55 replies, 7 voices, and was last updated 16 years, 8 months ago by
Coronita.
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March 16, 2008 at 11:55 PM #171397March 17, 2008 at 12:24 AM #171739
SD Realtor
ParticipantYeah I thought it was kind of funny as I chugged along in the old Murano.
SD Realtor
March 17, 2008 at 12:24 AM #171758ParticipantYeah I thought it was kind of funny as I chugged along in the old Murano.
SD Realtor
March 17, 2008 at 12:24 AM #171402ParticipantYeah I thought it was kind of funny as I chugged along in the old Murano.
SD Realtor
March 17, 2008 at 12:24 AM #171841ParticipantYeah I thought it was kind of funny as I chugged along in the old Murano.
SD Realtor
March 17, 2008 at 12:24 AM #171733ParticipantYeah I thought it was kind of funny as I chugged along in the old Murano.
SD Realtor
March 17, 2008 at 12:35 PM #171722saneesing
ParticipantThanks SD Realtor and others for your replies. SD Realtor, although I didn’t like your response at first blush – I was looking for a simple hard number – it definitely makes sense. Home prices in 2001 or 2003 don’t tell us much about the future prices.
But, for argument sake, even if we used the past prices as a reference, don’t we have to throw inflation into the mix to figure what the future home prices ought to be? For eg, if we wanted to consider 2001 prices as reasonable(325k, as someone pointed out), don’t we have adjust it upwards by the amount of inflation (that would make it worth around 400k now)?
Another related question – are Rancho Bernardo and Rancho Penasquitos ahead of Scripps Ranch in terms of price decline? Do people consider RB and RP as reasonable alternatives to Scripps Ranch?
Thanks once again everyone!March 17, 2008 at 12:35 PM #172056ParticipantThanks SD Realtor and others for your replies. SD Realtor, although I didn’t like your response at first blush – I was looking for a simple hard number – it definitely makes sense. Home prices in 2001 or 2003 don’t tell us much about the future prices.
But, for argument sake, even if we used the past prices as a reference, don’t we have to throw inflation into the mix to figure what the future home prices ought to be? For eg, if we wanted to consider 2001 prices as reasonable(325k, as someone pointed out), don’t we have adjust it upwards by the amount of inflation (that would make it worth around 400k now)?
Another related question – are Rancho Bernardo and Rancho Penasquitos ahead of Scripps Ranch in terms of price decline? Do people consider RB and RP as reasonable alternatives to Scripps Ranch?
Thanks once again everyone!March 17, 2008 at 12:35 PM #172058ParticipantThanks SD Realtor and others for your replies. SD Realtor, although I didn’t like your response at first blush – I was looking for a simple hard number – it definitely makes sense. Home prices in 2001 or 2003 don’t tell us much about the future prices.
But, for argument sake, even if we used the past prices as a reference, don’t we have to throw inflation into the mix to figure what the future home prices ought to be? For eg, if we wanted to consider 2001 prices as reasonable(325k, as someone pointed out), don’t we have adjust it upwards by the amount of inflation (that would make it worth around 400k now)?
Another related question – are Rancho Bernardo and Rancho Penasquitos ahead of Scripps Ranch in terms of price decline? Do people consider RB and RP as reasonable alternatives to Scripps Ranch?
Thanks once again everyone!March 17, 2008 at 12:35 PM #172078ParticipantThanks SD Realtor and others for your replies. SD Realtor, although I didn’t like your response at first blush – I was looking for a simple hard number – it definitely makes sense. Home prices in 2001 or 2003 don’t tell us much about the future prices.
But, for argument sake, even if we used the past prices as a reference, don’t we have to throw inflation into the mix to figure what the future home prices ought to be? For eg, if we wanted to consider 2001 prices as reasonable(325k, as someone pointed out), don’t we have adjust it upwards by the amount of inflation (that would make it worth around 400k now)?
Another related question – are Rancho Bernardo and Rancho Penasquitos ahead of Scripps Ranch in terms of price decline? Do people consider RB and RP as reasonable alternatives to Scripps Ranch?
Thanks once again everyone!March 17, 2008 at 12:35 PM #172158ParticipantThanks SD Realtor and others for your replies. SD Realtor, although I didn’t like your response at first blush – I was looking for a simple hard number – it definitely makes sense. Home prices in 2001 or 2003 don’t tell us much about the future prices.
But, for argument sake, even if we used the past prices as a reference, don’t we have to throw inflation into the mix to figure what the future home prices ought to be? For eg, if we wanted to consider 2001 prices as reasonable(325k, as someone pointed out), don’t we have adjust it upwards by the amount of inflation (that would make it worth around 400k now)?
Another related question – are Rancho Bernardo and Rancho Penasquitos ahead of Scripps Ranch in terms of price decline? Do people consider RB and RP as reasonable alternatives to Scripps Ranch?
Thanks once again everyone!March 17, 2008 at 1:55 PM #172135noone
Participantdon’t we have to throw inflation into the mix to figure what the future home prices ought to be? For eg, if we wanted to consider 2001 prices as reasonable(325k, as someone pointed out), don’t we have adjust it upwards by the amount of inflation (that would make it worth around 400k now)?
I would say that you do have to consider inflation, but it will not necessarily push home prices upwards. You have to consider it in relationship to household incomes. If incomes rise at a slower pace than inflation, then fewer families can afford the high priced homes. After paying for the necessities that have all been going through the roof (like health insurance, food, gas, utilities), people actually have less money to spend on housing. This should have the effect of pushing housing prices down.
March 17, 2008 at 1:55 PM #172238Participantdon’t we have to throw inflation into the mix to figure what the future home prices ought to be? For eg, if we wanted to consider 2001 prices as reasonable(325k, as someone pointed out), don’t we have adjust it upwards by the amount of inflation (that would make it worth around 400k now)?
I would say that you do have to consider inflation, but it will not necessarily push home prices upwards. You have to consider it in relationship to household incomes. If incomes rise at a slower pace than inflation, then fewer families can afford the high priced homes. After paying for the necessities that have all been going through the roof (like health insurance, food, gas, utilities), people actually have less money to spend on housing. This should have the effect of pushing housing prices down.
March 17, 2008 at 1:55 PM #172159Participantdon’t we have to throw inflation into the mix to figure what the future home prices ought to be? For eg, if we wanted to consider 2001 prices as reasonable(325k, as someone pointed out), don’t we have adjust it upwards by the amount of inflation (that would make it worth around 400k now)?
I would say that you do have to consider inflation, but it will not necessarily push home prices upwards. You have to consider it in relationship to household incomes. If incomes rise at a slower pace than inflation, then fewer families can afford the high priced homes. After paying for the necessities that have all been going through the roof (like health insurance, food, gas, utilities), people actually have less money to spend on housing. This should have the effect of pushing housing prices down.
March 17, 2008 at 1:55 PM #172140Participantdon’t we have to throw inflation into the mix to figure what the future home prices ought to be? For eg, if we wanted to consider 2001 prices as reasonable(325k, as someone pointed out), don’t we have adjust it upwards by the amount of inflation (that would make it worth around 400k now)?
I would say that you do have to consider inflation, but it will not necessarily push home prices upwards. You have to consider it in relationship to household incomes. If incomes rise at a slower pace than inflation, then fewer families can afford the high priced homes. After paying for the necessities that have all been going through the roof (like health insurance, food, gas, utilities), people actually have less money to spend on housing. This should have the effect of pushing housing prices down.
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