Spring Buying Season

[jpinpb]

No doubt there will be a shuffling all over. That’s true. Moves and shifting will be happening.

[an]

gn, please tell me where I said MM is insulated from the down turn. If you ever read my many posts, you’ll noticed that I point out that MM has been hit the hardest for areas around MM. Condos in MM is already back to 2001-2002 price while SFR are back to 2002-2003 price. While more expensive area in North County are still in the 2004 price. We don’t know how the decline will play out in different areas until we’re done w/ the decline. All we know is what happened so far and at this point MM is much closer to normalcy than any other areas in NC.

So if you really believe what Bugs say, like I do, and if you predict MM still have another 30+% drop left, then all other ares in NC will still have another 50-60+% drop left. Like the example I showed in my previous post, if a 1500 sq-ft house in MM goes to 200k-250k, then a 2000 sq-ft house in CV have to go down to $320-400k to maintain the 60% premium it held in 1998. Those are listing @ 700-750k right now.

[an]

gn, please tell me where I said MM is insulated from the down turn. If you ever read my many posts, you’ll noticed that I point out that MM has been hit the hardest for areas around MM. Condos in MM is already back to 2001-2002 price while SFR are back to 2002-2003 price. While more expensive area in North County are still in the 2004 price. We don’t know how the decline will play out in different areas until we’re done w/ the decline. All we know is what happened so far and at this point MM is much closer to normalcy than any other areas in NC.

So if you really believe what Bugs say, like I do, and if you predict MM still have another 30+% drop left, then all other ares in NC will still have another 50-60+% drop left. Like the example I showed in my previous post, if a 1500 sq-ft house in MM goes to 200k-250k, then a 2000 sq-ft house in CV have to go down to $320-400k to maintain the 60% premium it held in 1998. Those are listing @ 700-750k right now.

[an]

gn, please tell me where I said MM is insulated from the down turn. If you ever read my many posts, you’ll noticed that I point out that MM has been hit the hardest for areas around MM. Condos in MM is already back to 2001-2002 price while SFR are back to 2002-2003 price. While more expensive area in North County are still in the 2004 price. We don’t know how the decline will play out in different areas until we’re done w/ the decline. All we know is what happened so far and at this point MM is much closer to normalcy than any other areas in NC.

So if you really believe what Bugs say, like I do, and if you predict MM still have another 30+% drop left, then all other ares in NC will still have another 50-60+% drop left. Like the example I showed in my previous post, if a 1500 sq-ft house in MM goes to 200k-250k, then a 2000 sq-ft house in CV have to go down to $320-400k to maintain the 60% premium it held in 1998. Those are listing @ 700-750k right now.

[an]

gn, please tell me where I said MM is insulated from the down turn. If you ever read my many posts, you’ll noticed that I point out that MM has been hit the hardest for areas around MM. Condos in MM is already back to 2001-2002 price while SFR are back to 2002-2003 price. While more expensive area in North County are still in the 2004 price. We don’t know how the decline will play out in different areas until we’re done w/ the decline. All we know is what happened so far and at this point MM is much closer to normalcy than any other areas in NC.

So if you really believe what Bugs say, like I do, and if you predict MM still have another 30+% drop left, then all other ares in NC will still have another 50-60+% drop left. Like the example I showed in my previous post, if a 1500 sq-ft house in MM goes to 200k-250k, then a 2000 sq-ft house in CV have to go down to $320-400k to maintain the 60% premium it held in 1998. Those are listing @ 700-750k right now.

[an]

gn, please tell me where I said MM is insulated from the down turn. If you ever read my many posts, you’ll noticed that I point out that MM has been hit the hardest for areas around MM. Condos in MM is already back to 2001-2002 price while SFR are back to 2002-2003 price. While more expensive area in North County are still in the 2004 price. We don’t know how the decline will play out in different areas until we’re done w/ the decline. All we know is what happened so far and at this point MM is much closer to normalcy than any other areas in NC.

So if you really believe what Bugs say, like I do, and if you predict MM still have another 30+% drop left, then all other ares in NC will still have another 50-60+% drop left. Like the example I showed in my previous post, if a 1500 sq-ft house in MM goes to 200k-250k, then a 2000 sq-ft house in CV have to go down to $320-400k to maintain the 60% premium it held in 1998. Those are listing @ 700-750k right now.

[gn]

asianautica,

When you said that the people who previously live in PQ & CV will move down to MM, I thought you implied that MM is in the middle segment & will never lack of renters/home buyers. Keep in mind that the people who move down from PQ & CV will have other choices from San Marcos, Escondido, Tierra Santa …

if you predict MM still have another 30+% drop left, then all other ares in NC will still have another 50-60+% drop left.

You are right. The areas in NC that are nicer than Mira Mesa are behind MM so will have more downside potential. Just as Temecula has less downside potential than Mira Mesa because Temecula is closer to the bottom. Because Temecula hasn’t bottom out yet, I still think that Mira Mesa is no where near the bottom

 

[gn]

asianautica,

When you said that the people who previously live in PQ & CV will move down to MM, I thought you implied that MM is in the middle segment & will never lack of renters/home buyers. Keep in mind that the people who move down from PQ & CV will have other choices from San Marcos, Escondido, Tierra Santa …

if you predict MM still have another 30+% drop left, then all other ares in NC will still have another 50-60+% drop left.

You are right. The areas in NC that are nicer than Mira Mesa are behind MM so will have more downside potential. Just as Temecula has less downside potential than Mira Mesa because Temecula is closer to the bottom. Because Temecula hasn’t bottom out yet, I still think that Mira Mesa is no where near the bottom

 

[gn]

asianautica,

When you said that the people who previously live in PQ & CV will move down to MM, I thought you implied that MM is in the middle segment & will never lack of renters/home buyers. Keep in mind that the people who move down from PQ & CV will have other choices from San Marcos, Escondido, Tierra Santa …

if you predict MM still have another 30+% drop left, then all other ares in NC will still have another 50-60+% drop left.

You are right. The areas in NC that are nicer than Mira Mesa are behind MM so will have more downside potential. Just as Temecula has less downside potential than Mira Mesa because Temecula is closer to the bottom. Because Temecula hasn’t bottom out yet, I still think that Mira Mesa is no where near the bottom

 

[gn]

asianautica,

When you said that the people who previously live in PQ & CV will move down to MM, I thought you implied that MM is in the middle segment & will never lack of renters/home buyers. Keep in mind that the people who move down from PQ & CV will have other choices from San Marcos, Escondido, Tierra Santa …

if you predict MM still have another 30+% drop left, then all other ares in NC will still have another 50-60+% drop left.

You are right. The areas in NC that are nicer than Mira Mesa are behind MM so will have more downside potential. Just as Temecula has less downside potential than Mira Mesa because Temecula is closer to the bottom. Because Temecula hasn’t bottom out yet, I still think that Mira Mesa is no where near the bottom

 

[gn]

asianautica,

When you said that the people who previously live in PQ & CV will move down to MM, I thought you implied that MM is in the middle segment & will never lack of renters/home buyers. Keep in mind that the people who move down from PQ & CV will have other choices from San Marcos, Escondido, Tierra Santa …

if you predict MM still have another 30+% drop left, then all other ares in NC will still have another 50-60+% drop left.

You are right. The areas in NC that are nicer than Mira Mesa are behind MM so will have more downside potential. Just as Temecula has less downside potential than Mira Mesa because Temecula is closer to the bottom. Because Temecula hasn’t bottom out yet, I still think that Mira Mesa is no where near the bottom

 

[an]

I’ve never said MM is at the bottom, but I did say, we don’t know how different areas will reach the bottom. Will it be a slow V recovery, a L recovery or a U recovery, or a combination. We don’t know till it happens. For all we know, Temecula & MM, etc will run side ways for the next 5-10 years from here. The inflation will bring it well into the 60+% drop range.

Yes, MM will have to compete with San Marcos, Escondido, Tierra Santa, etc. Out of all those areas, MM has the best schools and closest to the high paying tech jobs.

[an]

I’ve never said MM is at the bottom, but I did say, we don’t know how different areas will reach the bottom. Will it be a slow V recovery, a L recovery or a U recovery, or a combination. We don’t know till it happens. For all we know, Temecula & MM, etc will run side ways for the next 5-10 years from here. The inflation will bring it well into the 60+% drop range.

Yes, MM will have to compete with San Marcos, Escondido, Tierra Santa, etc. Out of all those areas, MM has the best schools and closest to the high paying tech jobs.

[an]

I’ve never said MM is at the bottom, but I did say, we don’t know how different areas will reach the bottom. Will it be a slow V recovery, a L recovery or a U recovery, or a combination. We don’t know till it happens. For all we know, Temecula & MM, etc will run side ways for the next 5-10 years from here. The inflation will bring it well into the 60+% drop range.

Yes, MM will have to compete with San Marcos, Escondido, Tierra Santa, etc. Out of all those areas, MM has the best schools and closest to the high paying tech jobs.

[an]

I’ve never said MM is at the bottom, but I did say, we don’t know how different areas will reach the bottom. Will it be a slow V recovery, a L recovery or a U recovery, or a combination. We don’t know till it happens. For all we know, Temecula & MM, etc will run side ways for the next 5-10 years from here. The inflation will bring it well into the 60+% drop range.

Yes, MM will have to compete with San Marcos, Escondido, Tierra Santa, etc. Out of all those areas, MM has the best schools and closest to the high paying tech jobs.

[Author]

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