The “bottom” for various neighborhoods in SD

[kewp]

I think Hillcrest/Mission Hills will be 2010+, and the other 3 may occur by the end of 2009. The more desirable areas hold up longer.

I hear that. They are still putting up condos around here (Hillcrest). They are going to have finish them, then do the bankruptcy/bank-repo thing before they find a bottom.

The problem with Hillcrest/Mission Hills is that there are lots of wealth Dr.’s who want to buy near the hospitals and are just priced out for the time being. They have a ton of cash and stable income and will snap up these properties once they become affordable to them.

[Nor-LA-SD-guy]

Hi Juice,

“impact significant job losses and a recession will have locally and in Riverside Cty. It seems premature to me to say that areas like Temecula will bottom out in the 4th quarter this year when so many jobs up there could be at risk if the economy tanks.”

Oddly enough I don’t know anyone on my block who works in construction or retail, most work for the Government or health care and several are retired-(their not going anywhere).

Hmm OK there is one real estate agent and one preacher .

But there are no for sale signs yet.

[Nor-LA-SD-guy]

Hi Juice,

“impact significant job losses and a recession will have locally and in Riverside Cty. It seems premature to me to say that areas like Temecula will bottom out in the 4th quarter this year when so many jobs up there could be at risk if the economy tanks.”

Oddly enough I don’t know anyone on my block who works in construction or retail, most work for the Government or health care and several are retired-(their not going anywhere).

Hmm OK there is one real estate agent and one preacher .

But there are no for sale signs yet.

[Nor-LA-SD-guy]

Hi Juice,

“impact significant job losses and a recession will have locally and in Riverside Cty. It seems premature to me to say that areas like Temecula will bottom out in the 4th quarter this year when so many jobs up there could be at risk if the economy tanks.”

Oddly enough I don’t know anyone on my block who works in construction or retail, most work for the Government or health care and several are retired-(their not going anywhere).

Hmm OK there is one real estate agent and one preacher .

But there are no for sale signs yet.

[Nor-LA-SD-guy]

Hi Juice,

“impact significant job losses and a recession will have locally and in Riverside Cty. It seems premature to me to say that areas like Temecula will bottom out in the 4th quarter this year when so many jobs up there could be at risk if the economy tanks.”

Oddly enough I don’t know anyone on my block who works in construction or retail, most work for the Government or health care and several are retired-(their not going anywhere).

Hmm OK there is one real estate agent and one preacher .

But there are no for sale signs yet.

[Nor-LA-SD-guy]

Hi Juice,

“impact significant job losses and a recession will have locally and in Riverside Cty. It seems premature to me to say that areas like Temecula will bottom out in the 4th quarter this year when so many jobs up there could be at risk if the economy tanks.”

Oddly enough I don’t know anyone on my block who works in construction or retail, most work for the Government or health care and several are retired-(their not going anywhere).

Hmm OK there is one real estate agent and one preacher .

But there are no for sale signs yet.

[La Jolla Renter]

gn, I don’t disagree with your logic for most upscale zips.

I haven’t looked at the inventory level in RSF, but La Jolla’s inventory is ridiculously low for 8,000ish single family homes.

I am not sure the move up logic definitely works in La Jolla, Del Mar, RSF, Coronado.

I know my friends and I are the minority, but 2 of us rent and 2 own. 3 of us are looking in La Jolla and 1 in RSF, LJ, or CV. The 2 owners do not plan to sell their current homes. (All 4 of us are looking in the 1.2M to 2M range)

[La Jolla Renter]

gn, I don’t disagree with your logic for most upscale zips.

I haven’t looked at the inventory level in RSF, but La Jolla’s inventory is ridiculously low for 8,000ish single family homes.

I am not sure the move up logic definitely works in La Jolla, Del Mar, RSF, Coronado.

I know my friends and I are the minority, but 2 of us rent and 2 own. 3 of us are looking in La Jolla and 1 in RSF, LJ, or CV. The 2 owners do not plan to sell their current homes. (All 4 of us are looking in the 1.2M to 2M range)

[La Jolla Renter]

gn, I don’t disagree with your logic for most upscale zips.

I haven’t looked at the inventory level in RSF, but La Jolla’s inventory is ridiculously low for 8,000ish single family homes.

I am not sure the move up logic definitely works in La Jolla, Del Mar, RSF, Coronado.

I know my friends and I are the minority, but 2 of us rent and 2 own. 3 of us are looking in La Jolla and 1 in RSF, LJ, or CV. The 2 owners do not plan to sell their current homes. (All 4 of us are looking in the 1.2M to 2M range)

[La Jolla Renter]

gn, I don’t disagree with your logic for most upscale zips.

I haven’t looked at the inventory level in RSF, but La Jolla’s inventory is ridiculously low for 8,000ish single family homes.

I am not sure the move up logic definitely works in La Jolla, Del Mar, RSF, Coronado.

I know my friends and I are the minority, but 2 of us rent and 2 own. 3 of us are looking in La Jolla and 1 in RSF, LJ, or CV. The 2 owners do not plan to sell their current homes. (All 4 of us are looking in the 1.2M to 2M range)

[La Jolla Renter]

gn, I don’t disagree with your logic for most upscale zips.

I haven’t looked at the inventory level in RSF, but La Jolla’s inventory is ridiculously low for 8,000ish single family homes.

I am not sure the move up logic definitely works in La Jolla, Del Mar, RSF, Coronado.

I know my friends and I are the minority, but 2 of us rent and 2 own. 3 of us are looking in La Jolla and 1 in RSF, LJ, or CV. The 2 owners do not plan to sell their current homes. (All 4 of us are looking in the 1.2M to 2M range)

[raptorduck]

gn. You could be right. Heck what do I know? I probably won’t sell my current house and rent it instead so am proving your point to an extent.

Now that I have actually been writing offers on multiple RSF homes I can tell you that I am NOT the only buyer in that market. I will provide more detail another day.

I am sticking to my own predition, but I could easily be wrong. There is a reason why I am not a gambler. Buying now is not a gamble to me. As I have said before, I am looking for a home, not an investment.

[raptorduck]

gn. You could be right. Heck what do I know? I probably won’t sell my current house and rent it instead so am proving your point to an extent.

Now that I have actually been writing offers on multiple RSF homes I can tell you that I am NOT the only buyer in that market. I will provide more detail another day.

I am sticking to my own predition, but I could easily be wrong. There is a reason why I am not a gambler. Buying now is not a gamble to me. As I have said before, I am looking for a home, not an investment.

[raptorduck]

gn. You could be right. Heck what do I know? I probably won’t sell my current house and rent it instead so am proving your point to an extent.

Now that I have actually been writing offers on multiple RSF homes I can tell you that I am NOT the only buyer in that market. I will provide more detail another day.

I am sticking to my own predition, but I could easily be wrong. There is a reason why I am not a gambler. Buying now is not a gamble to me. As I have said before, I am looking for a home, not an investment.

[raptorduck]

gn. You could be right. Heck what do I know? I probably won’t sell my current house and rent it instead so am proving your point to an extent.

Now that I have actually been writing offers on multiple RSF homes I can tell you that I am NOT the only buyer in that market. I will provide more detail another day.

I am sticking to my own predition, but I could easily be wrong. There is a reason why I am not a gambler. Buying now is not a gamble to me. As I have said before, I am looking for a home, not an investment.

[Author]

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