Surge in recent high end activity

[sdrealtor]

I’m just reporting what I see. Prices seem higher than a year ago but that is not what astounded me. What astounded me was the number of people spending that much money regardless of what they are getting for it.

These are not homes being bought by the rich but rather upper middle class for the most part. I know its not all of SD county, its just my submarket which lots of folks follow. I’m providing an update on real estate activity. Sorry I cant add to the world cup, new library, electric sports car and battleship deployment threads. Not my expertise.

[Coronita]

[quote=desmond]Do you really think that has anything to do with “the next depression or leg down?” I just saw Richard Branson on CNBC saying it is easier (for a well funded) company to expand in a recession. btw, are they getting discounts on the prices they are paying compared to 2004,5 or 6?[/quote]

Well, big companies have been gobbling up little guys during these times (at least in tech, making for a very interesting competitive almost monopolistic environment in some areas)…But, it sounds like the home buying isn’t institutional, from what sdr is saying, but rather individuals, right sdr?

[Coronita]

[quote=desmond]Do you really think that has anything to do with “the next depression or leg down?” I just saw Richard Branson on CNBC saying it is easier (for a well funded) company to expand in a recession. btw, are they getting discounts on the prices they are paying compared to 2004,5 or 6?[/quote]

Well, big companies have been gobbling up little guys during these times (at least in tech, making for a very interesting competitive almost monopolistic environment in some areas)…But, it sounds like the home buying isn’t institutional, from what sdr is saying, but rather individuals, right sdr?

[Coronita]

[quote=desmond]Do you really think that has anything to do with “the next depression or leg down?” I just saw Richard Branson on CNBC saying it is easier (for a well funded) company to expand in a recession. btw, are they getting discounts on the prices they are paying compared to 2004,5 or 6?[/quote]

Well, big companies have been gobbling up little guys during these times (at least in tech, making for a very interesting competitive almost monopolistic environment in some areas)…But, it sounds like the home buying isn’t institutional, from what sdr is saying, but rather individuals, right sdr?

[Coronita]

[quote=desmond]Do you really think that has anything to do with “the next depression or leg down?” I just saw Richard Branson on CNBC saying it is easier (for a well funded) company to expand in a recession. btw, are they getting discounts on the prices they are paying compared to 2004,5 or 6?[/quote]

Well, big companies have been gobbling up little guys during these times (at least in tech, making for a very interesting competitive almost monopolistic environment in some areas)…But, it sounds like the home buying isn’t institutional, from what sdr is saying, but rather individuals, right sdr?

[Coronita]

[quote=desmond]Do you really think that has anything to do with “the next depression or leg down?” I just saw Richard Branson on CNBC saying it is easier (for a well funded) company to expand in a recession. btw, are they getting discounts on the prices they are paying compared to 2004,5 or 6?[/quote]

Well, big companies have been gobbling up little guys during these times (at least in tech, making for a very interesting competitive almost monopolistic environment in some areas)…But, it sounds like the home buying isn’t institutional, from what sdr is saying, but rather individuals, right sdr?

[sdrealtor]

that would be accurate FLU.

Here are some more stats

3 over $2M – OK those are your rich folks

4 between 1.5M and 2M – those are your almost rich folks

The rest are stereotypically upper middle class execs, business owners, doctors, lawyers, bank/finance execs, consultants etc.

[sdrealtor]

that would be accurate FLU.

Here are some more stats

3 over $2M – OK those are your rich folks

4 between 1.5M and 2M – those are your almost rich folks

The rest are stereotypically upper middle class execs, business owners, doctors, lawyers, bank/finance execs, consultants etc.

[sdrealtor]

that would be accurate FLU.

Here are some more stats

3 over $2M – OK those are your rich folks

4 between 1.5M and 2M – those are your almost rich folks

The rest are stereotypically upper middle class execs, business owners, doctors, lawyers, bank/finance execs, consultants etc.

[sdrealtor]

that would be accurate FLU.

Here are some more stats

3 over $2M – OK those are your rich folks

4 between 1.5M and 2M – those are your almost rich folks

The rest are stereotypically upper middle class execs, business owners, doctors, lawyers, bank/finance execs, consultants etc.

[sdrealtor]

that would be accurate FLU.

Here are some more stats

3 over $2M – OK those are your rich folks

4 between 1.5M and 2M – those are your almost rich folks

The rest are stereotypically upper middle class execs, business owners, doctors, lawyers, bank/finance execs, consultants etc.

[desmond]

[quote=flu][quote=desmond]Do you really think that has anything to do with “the next depression or leg down?” I just saw Richard Branson on CNBC saying it is easier (for a well funded) company to expand in a recession. btw, are they getting discounts on the prices they are paying compared to 2004,5 or 6?[/quote]

Well, big companies have been gobbling up little guys during these times (at least in tech, making for a very interesting competitive almost monopolistic environment in some areas)…But, it sounds like the home buying isn’t institutional, from what sdr is saying, but rather individuals, right sdr?[/quote]

What I was referring to is that a well funded “individual” can also take advantage of today’s RE market. In down times, people, companies, etc.with money are taking advantage of the situation, and this could even show the market is worse than you think.

[desmond]

[quote=flu][quote=desmond]Do you really think that has anything to do with “the next depression or leg down?” I just saw Richard Branson on CNBC saying it is easier (for a well funded) company to expand in a recession. btw, are they getting discounts on the prices they are paying compared to 2004,5 or 6?[/quote]

Well, big companies have been gobbling up little guys during these times (at least in tech, making for a very interesting competitive almost monopolistic environment in some areas)…But, it sounds like the home buying isn’t institutional, from what sdr is saying, but rather individuals, right sdr?[/quote]

What I was referring to is that a well funded “individual” can also take advantage of today’s RE market. In down times, people, companies, etc.with money are taking advantage of the situation, and this could even show the market is worse than you think.

[desmond]

[quote=flu][quote=desmond]Do you really think that has anything to do with “the next depression or leg down?” I just saw Richard Branson on CNBC saying it is easier (for a well funded) company to expand in a recession. btw, are they getting discounts on the prices they are paying compared to 2004,5 or 6?[/quote]

Well, big companies have been gobbling up little guys during these times (at least in tech, making for a very interesting competitive almost monopolistic environment in some areas)…But, it sounds like the home buying isn’t institutional, from what sdr is saying, but rather individuals, right sdr?[/quote]

What I was referring to is that a well funded “individual” can also take advantage of today’s RE market. In down times, people, companies, etc.with money are taking advantage of the situation, and this could even show the market is worse than you think.

[desmond]

[quote=flu][quote=desmond]Do you really think that has anything to do with “the next depression or leg down?” I just saw Richard Branson on CNBC saying it is easier (for a well funded) company to expand in a recession. btw, are they getting discounts on the prices they are paying compared to 2004,5 or 6?[/quote]

Well, big companies have been gobbling up little guys during these times (at least in tech, making for a very interesting competitive almost monopolistic environment in some areas)…But, it sounds like the home buying isn’t institutional, from what sdr is saying, but rather individuals, right sdr?[/quote]

What I was referring to is that a well funded “individual” can also take advantage of today’s RE market. In down times, people, companies, etc.with money are taking advantage of the situation, and this could even show the market is worse than you think.

[Author]

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