Home › Forums › Closed Forums › Properties or Areas › short sale in encinitas ranch – good value?
- This topic has 198 replies, 10 voices, and was last updated 16 years, 11 months ago by SD Realtor.
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December 13, 2007 at 11:14 AM #116266December 13, 2007 at 11:14 AM #116268Ex-SDParticipant
SD Realtor: So, you think that people who are sitting on a wad of cash are going to throw it at the housing market? I am sitting on a large amount of liquid assets and I wouldn’t throw one nickel at the SoCal housing market until prices came into line with income. I have friends who have much more than myself and they also would not consider putting any money in the SoCal housing market until prices are in alignment with income. Call me stupid if you wish but there is a large house of cards that is steadily falling as I type and throwing money at that house of cards until it reaches a level that is monetarily sane just doesn’t make any sense to me.
If the average Joe Blow can’t afford a home in SoCal because he can’t qualify for an average home because they’re priced ridiculously high, who’s going to purchase all of these homes……….and how will they purchase them……………….and why will they purchase them if they’re over-priced? Doesn’t make any sense to me. When they were giving loans to people with marginal credit and the only qualification was that they could fog up a mirror, sign their X on the dotted line and lie about their income, it was a different matter. But that ain’t the case any more, is it?December 13, 2007 at 11:15 AM #116063sdrealtorParticipant” I am sitting on a large amount of liquid assets and I wouldn’t throw one nickel at the SoCal housing market until prices came into line with income. I have friends who have much more than myself and they also would not consider putting any money in the SoCal housing market until prices are in alignment with income.”
Birds of a feather……
December 13, 2007 at 11:15 AM #116195sdrealtorParticipant” I am sitting on a large amount of liquid assets and I wouldn’t throw one nickel at the SoCal housing market until prices came into line with income. I have friends who have much more than myself and they also would not consider putting any money in the SoCal housing market until prices are in alignment with income.”
Birds of a feather……
December 13, 2007 at 11:15 AM #116227sdrealtorParticipant” I am sitting on a large amount of liquid assets and I wouldn’t throw one nickel at the SoCal housing market until prices came into line with income. I have friends who have much more than myself and they also would not consider putting any money in the SoCal housing market until prices are in alignment with income.”
Birds of a feather……
December 13, 2007 at 11:15 AM #116228sdrealtorParticipant” I am sitting on a large amount of liquid assets and I wouldn’t throw one nickel at the SoCal housing market until prices came into line with income. I have friends who have much more than myself and they also would not consider putting any money in the SoCal housing market until prices are in alignment with income.”
Birds of a feather……
December 13, 2007 at 11:15 AM #116271sdrealtorParticipant” I am sitting on a large amount of liquid assets and I wouldn’t throw one nickel at the SoCal housing market until prices came into line with income. I have friends who have much more than myself and they also would not consider putting any money in the SoCal housing market until prices are in alignment with income.”
Birds of a feather……
December 13, 2007 at 11:15 AM #116273sdrealtorParticipant” I am sitting on a large amount of liquid assets and I wouldn’t throw one nickel at the SoCal housing market until prices came into line with income. I have friends who have much more than myself and they also would not consider putting any money in the SoCal housing market until prices are in alignment with income.”
Birds of a feather……
December 13, 2007 at 11:21 AM #116068RatherOpinionatedParticipantBirds of a feather rent forever.
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December 13, 2007 at 11:21 AM #116199RatherOpinionatedParticipantBirds of a feather rent forever.
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December 13, 2007 at 11:21 AM #116232RatherOpinionatedParticipantBirds of a feather rent forever.
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December 13, 2007 at 11:21 AM #116233RatherOpinionatedParticipantBirds of a feather rent forever.
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December 13, 2007 at 11:21 AM #116276RatherOpinionatedParticipantBirds of a feather rent forever.
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December 13, 2007 at 11:21 AM #116278RatherOpinionatedParticipantBirds of a feather rent forever.
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December 13, 2007 at 11:31 AM #116088Ex-SDParticipantRatherOpinionated: You’re new to the forum so you’re not aware that I lived in SD for over 30 years. I saw the “perfect storm” forming in the real estate market in SoCal and sold my home and left the state in the spring of 2005. I bought a home in Greenville, South Carolina which has the lowest percentage of foreclosures of any market in the entire country. This area (along with many, many other areas of the country) did not get caught up in the frenzy of idiocy that took place in CA with housing prices and you can buy one hell of a nice home for $225-$250k and if you jump to the $325-$350 range, you can live exceptionally well. If prices fall enough, I’ll probably move back to San Diego but if they don’t, it’s no skin off my ass since I’m retired and set for life. However, my youngest son insists on staying in San Diego and makes $75k a year and can’t afford a decent SFR. To me, this is ludicrous because he can easily get employed here, make approximately the same amount of money and afford a nice home.
Thus, my interest in the housing market in SoCal. -
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