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January 6, 2011 at 11:11 PM #649751January 7, 2011 at 12:29 AM #648647EugeneParticipant
[quote=bearishgurl]
Eugene, I think what those charts were referring to by “prescriptive land regulation” was that the most “regulated city in the US,” for example, was San Francisco, CA (and in order of “regulation” on down). In other words, the areas with the most “prescriptive land regulation” were those areas with strict zoning laws and the most city ordinances and land-use regulations to navigate (in order to build/remodel).[/quote]Yes, I think that that’s what they intended to show. But prescriptive land regulation and limited land go hand in hand. San Francisco has both. Nashville has neither.
January 7, 2011 at 12:29 AM #648718EugeneParticipant[quote=bearishgurl]
Eugene, I think what those charts were referring to by “prescriptive land regulation” was that the most “regulated city in the US,” for example, was San Francisco, CA (and in order of “regulation” on down). In other words, the areas with the most “prescriptive land regulation” were those areas with strict zoning laws and the most city ordinances and land-use regulations to navigate (in order to build/remodel).[/quote]Yes, I think that that’s what they intended to show. But prescriptive land regulation and limited land go hand in hand. San Francisco has both. Nashville has neither.
January 7, 2011 at 12:29 AM #649304EugeneParticipant[quote=bearishgurl]
Eugene, I think what those charts were referring to by “prescriptive land regulation” was that the most “regulated city in the US,” for example, was San Francisco, CA (and in order of “regulation” on down). In other words, the areas with the most “prescriptive land regulation” were those areas with strict zoning laws and the most city ordinances and land-use regulations to navigate (in order to build/remodel).[/quote]Yes, I think that that’s what they intended to show. But prescriptive land regulation and limited land go hand in hand. San Francisco has both. Nashville has neither.
January 7, 2011 at 12:29 AM #649441EugeneParticipant[quote=bearishgurl]
Eugene, I think what those charts were referring to by “prescriptive land regulation” was that the most “regulated city in the US,” for example, was San Francisco, CA (and in order of “regulation” on down). In other words, the areas with the most “prescriptive land regulation” were those areas with strict zoning laws and the most city ordinances and land-use regulations to navigate (in order to build/remodel).[/quote]Yes, I think that that’s what they intended to show. But prescriptive land regulation and limited land go hand in hand. San Francisco has both. Nashville has neither.
January 7, 2011 at 12:29 AM #649766EugeneParticipant[quote=bearishgurl]
Eugene, I think what those charts were referring to by “prescriptive land regulation” was that the most “regulated city in the US,” for example, was San Francisco, CA (and in order of “regulation” on down). In other words, the areas with the most “prescriptive land regulation” were those areas with strict zoning laws and the most city ordinances and land-use regulations to navigate (in order to build/remodel).[/quote]Yes, I think that that’s what they intended to show. But prescriptive land regulation and limited land go hand in hand. San Francisco has both. Nashville has neither.
January 7, 2011 at 1:33 AM #648652EugeneParticipantThis discussion made me wonder, what IS the real median multiple in San Diego? And it’s not an easy question to answer, because, between apartment complexes, student housing, and military housing, a lot of low-end inventory is essentially out of the regular real estate market, and any attempts to look at MLS at the face value will inevitably result in skewed results.
But I made some educated guesses, cooked up a model, pulled in some census data, and voila, the true state of San Diego RE, as of January 2011:
[img_assist|nid=14433|title=|desc=|link=node|align=left|width=100|height=52]
and now just detached:
[img_assist|nid=14434|title=|desc=|link=node|align=left|width=100|height=53]
In this model, the true median home price is $270,000, and the true median multiple is 4.5.
January 7, 2011 at 1:33 AM #648723EugeneParticipantThis discussion made me wonder, what IS the real median multiple in San Diego? And it’s not an easy question to answer, because, between apartment complexes, student housing, and military housing, a lot of low-end inventory is essentially out of the regular real estate market, and any attempts to look at MLS at the face value will inevitably result in skewed results.
But I made some educated guesses, cooked up a model, pulled in some census data, and voila, the true state of San Diego RE, as of January 2011:
[img_assist|nid=14433|title=|desc=|link=node|align=left|width=100|height=52]
and now just detached:
[img_assist|nid=14434|title=|desc=|link=node|align=left|width=100|height=53]
In this model, the true median home price is $270,000, and the true median multiple is 4.5.
January 7, 2011 at 1:33 AM #649309EugeneParticipantThis discussion made me wonder, what IS the real median multiple in San Diego? And it’s not an easy question to answer, because, between apartment complexes, student housing, and military housing, a lot of low-end inventory is essentially out of the regular real estate market, and any attempts to look at MLS at the face value will inevitably result in skewed results.
But I made some educated guesses, cooked up a model, pulled in some census data, and voila, the true state of San Diego RE, as of January 2011:
[img_assist|nid=14433|title=|desc=|link=node|align=left|width=100|height=52]
and now just detached:
[img_assist|nid=14434|title=|desc=|link=node|align=left|width=100|height=53]
In this model, the true median home price is $270,000, and the true median multiple is 4.5.
January 7, 2011 at 1:33 AM #649446EugeneParticipantThis discussion made me wonder, what IS the real median multiple in San Diego? And it’s not an easy question to answer, because, between apartment complexes, student housing, and military housing, a lot of low-end inventory is essentially out of the regular real estate market, and any attempts to look at MLS at the face value will inevitably result in skewed results.
But I made some educated guesses, cooked up a model, pulled in some census data, and voila, the true state of San Diego RE, as of January 2011:
[img_assist|nid=14433|title=|desc=|link=node|align=left|width=100|height=52]
and now just detached:
[img_assist|nid=14434|title=|desc=|link=node|align=left|width=100|height=53]
In this model, the true median home price is $270,000, and the true median multiple is 4.5.
January 7, 2011 at 1:33 AM #649771EugeneParticipantThis discussion made me wonder, what IS the real median multiple in San Diego? And it’s not an easy question to answer, because, between apartment complexes, student housing, and military housing, a lot of low-end inventory is essentially out of the regular real estate market, and any attempts to look at MLS at the face value will inevitably result in skewed results.
But I made some educated guesses, cooked up a model, pulled in some census data, and voila, the true state of San Diego RE, as of January 2011:
[img_assist|nid=14433|title=|desc=|link=node|align=left|width=100|height=52]
and now just detached:
[img_assist|nid=14434|title=|desc=|link=node|align=left|width=100|height=53]
In this model, the true median home price is $270,000, and the true median multiple is 4.5.
January 7, 2011 at 8:08 AM #648702sdrealtorParticipantEugene
I would love to hear more about how you cooked this up and have every confidence you did a reasonably good job. Any chance you could post more about it on your dormant blog?This is not going to please the permabears whose $500K oceanfront homes rests on you being wrong.
sdr
January 7, 2011 at 8:08 AM #648773sdrealtorParticipantEugene
I would love to hear more about how you cooked this up and have every confidence you did a reasonably good job. Any chance you could post more about it on your dormant blog?This is not going to please the permabears whose $500K oceanfront homes rests on you being wrong.
sdr
January 7, 2011 at 8:08 AM #649359sdrealtorParticipantEugene
I would love to hear more about how you cooked this up and have every confidence you did a reasonably good job. Any chance you could post more about it on your dormant blog?This is not going to please the permabears whose $500K oceanfront homes rests on you being wrong.
sdr
January 7, 2011 at 8:08 AM #649495sdrealtorParticipantEugene
I would love to hear more about how you cooked this up and have every confidence you did a reasonably good job. Any chance you could post more about it on your dormant blog?This is not going to please the permabears whose $500K oceanfront homes rests on you being wrong.
sdr
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