- This topic has 21 replies, 5 voices, and was last updated 16 years, 6 months ago by
hipmatt.
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April 19, 2008 at 1:03 PM #190432April 19, 2008 at 1:03 PM #190479
Ex-SD
ParticipantNo matter how big, how nice, etc…………………..All of their values will fall.
The only properties that are somewhat immune from these types of bubbles are the super-properties that are “one-of-a kind, like the $81 million mansion that just sold in Palm Beach, Florida.
April 19, 2008 at 6:49 PM #190572hipmatt
Participant“I’ve been following the daily listings in Temecula, and have been surprised how many $1 million+ properties come up. From 1-3 per day.”
.. I don’t think this is a sign that the high end is defying gravity, but just the opposite, that more high end owners are selling for whatever reason (maybe the same reasons as everyone else) and the inventory/competition is growing. This only means that prices here must fall too. We have seen a decent pull back in the mainstream track home, I suppose its now time to see a similar effect on high end homes.
April 19, 2008 at 6:49 PM #190594Participant“I’ve been following the daily listings in Temecula, and have been surprised how many $1 million+ properties come up. From 1-3 per day.”
.. I don’t think this is a sign that the high end is defying gravity, but just the opposite, that more high end owners are selling for whatever reason (maybe the same reasons as everyone else) and the inventory/competition is growing. This only means that prices here must fall too. We have seen a decent pull back in the mainstream track home, I suppose its now time to see a similar effect on high end homes.
April 19, 2008 at 6:49 PM #190625Participant“I’ve been following the daily listings in Temecula, and have been surprised how many $1 million+ properties come up. From 1-3 per day.”
.. I don’t think this is a sign that the high end is defying gravity, but just the opposite, that more high end owners are selling for whatever reason (maybe the same reasons as everyone else) and the inventory/competition is growing. This only means that prices here must fall too. We have seen a decent pull back in the mainstream track home, I suppose its now time to see a similar effect on high end homes.
April 19, 2008 at 6:49 PM #190638Participant“I’ve been following the daily listings in Temecula, and have been surprised how many $1 million+ properties come up. From 1-3 per day.”
.. I don’t think this is a sign that the high end is defying gravity, but just the opposite, that more high end owners are selling for whatever reason (maybe the same reasons as everyone else) and the inventory/competition is growing. This only means that prices here must fall too. We have seen a decent pull back in the mainstream track home, I suppose its now time to see a similar effect on high end homes.
April 19, 2008 at 6:49 PM #190686Participant“I’ve been following the daily listings in Temecula, and have been surprised how many $1 million+ properties come up. From 1-3 per day.”
.. I don’t think this is a sign that the high end is defying gravity, but just the opposite, that more high end owners are selling for whatever reason (maybe the same reasons as everyone else) and the inventory/competition is growing. This only means that prices here must fall too. We have seen a decent pull back in the mainstream track home, I suppose its now time to see a similar effect on high end homes.
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