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partypup.
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August 11, 2007 at 2:56 PM #73514August 11, 2007 at 3:17 PM #73405
noone
ParticipantMan, I go on vacation for a couple of weeks and the world goes crazy? Or should I say, the world finally gets it?
Thursday and Friday certainly look like the tipping point to me. Of course now its the weekend so we’ll have to wait ’til next week to see if the trend continues. Perhaps the BILLIONS in cash that the FED is pumping in will make a difference.
On that note, regardless of interest rates, won’t the infusion of cash simply lead to greater inflation? Of course as others have said here many times, inflation is one way to tame this beast. If all of our salaries doubled or tripled while real estate remained flat, that would help justify the current prices.
August 11, 2007 at 3:17 PM #73524ParticipantMan, I go on vacation for a couple of weeks and the world goes crazy? Or should I say, the world finally gets it?
Thursday and Friday certainly look like the tipping point to me. Of course now its the weekend so we’ll have to wait ’til next week to see if the trend continues. Perhaps the BILLIONS in cash that the FED is pumping in will make a difference.
On that note, regardless of interest rates, won’t the infusion of cash simply lead to greater inflation? Of course as others have said here many times, inflation is one way to tame this beast. If all of our salaries doubled or tripled while real estate remained flat, that would help justify the current prices.
August 11, 2007 at 3:17 PM #73532ParticipantMan, I go on vacation for a couple of weeks and the world goes crazy? Or should I say, the world finally gets it?
Thursday and Friday certainly look like the tipping point to me. Of course now its the weekend so we’ll have to wait ’til next week to see if the trend continues. Perhaps the BILLIONS in cash that the FED is pumping in will make a difference.
On that note, regardless of interest rates, won’t the infusion of cash simply lead to greater inflation? Of course as others have said here many times, inflation is one way to tame this beast. If all of our salaries doubled or tripled while real estate remained flat, that would help justify the current prices.
August 11, 2007 at 3:33 PM #73418JWM in SD
Participant“If all of our salaries doubled or tripled while real estate remained flat, that would help justify the current prices.”
How many times times do I have to say this, incomes will not double or triple. Lest, you want to see your job outsourced to India, China or the Philipines.
The Fed is pushing on a String.
August 11, 2007 at 3:33 PM #73536Participant“If all of our salaries doubled or tripled while real estate remained flat, that would help justify the current prices.”
How many times times do I have to say this, incomes will not double or triple. Lest, you want to see your job outsourced to India, China or the Philipines.
The Fed is pushing on a String.
August 11, 2007 at 3:33 PM #73544Participant“If all of our salaries doubled or tripled while real estate remained flat, that would help justify the current prices.”
How many times times do I have to say this, incomes will not double or triple. Lest, you want to see your job outsourced to India, China or the Philipines.
The Fed is pushing on a String.
August 11, 2007 at 3:37 PM #73420ParticipantPlease realize that I’m not saying that salaries will increase to those levels. Nor even that I want them to. I’m merely saying (tongue-in-cheek like) that that would be one of the few ways to justify the current prices.
August 11, 2007 at 3:37 PM #73539ParticipantPlease realize that I’m not saying that salaries will increase to those levels. Nor even that I want them to. I’m merely saying (tongue-in-cheek like) that that would be one of the few ways to justify the current prices.
August 11, 2007 at 3:37 PM #73547ParticipantPlease realize that I’m not saying that salaries will increase to those levels. Nor even that I want them to. I’m merely saying (tongue-in-cheek like) that that would be one of the few ways to justify the current prices.
August 11, 2007 at 10:43 PM #73543SD Realtor
ParticipantEnorah looking back 2.5 weeks later I say you did well and indeed you may have made a good call.
Unfortunately I still contend that the shift is not happening in ANY of the neighborhoods I want to buy in. In fact the few homes I have REALLY REALLY been eyeballing went into escrow at their list prices. The homes that some of my clients want in La Costa Valley are still way way out of the prices we want them to be in and have not shifted. Similarly Solana Beach, Del Mar, 4S, La Jolla, University City are not following suit.
Will they? I think they will but it will take some time. I absolutely feel that this credit crunch will VERY MUCH help to accelerate the issue but I don’t see it taking the form of severe pricing declines across the board in these neighborhoods for awhile. I think there will be more here and theres… which will lead to more… and then even more.
It will be a good thing.
SD Realtor
August 11, 2007 at 10:43 PM #73662ParticipantEnorah looking back 2.5 weeks later I say you did well and indeed you may have made a good call.
Unfortunately I still contend that the shift is not happening in ANY of the neighborhoods I want to buy in. In fact the few homes I have REALLY REALLY been eyeballing went into escrow at their list prices. The homes that some of my clients want in La Costa Valley are still way way out of the prices we want them to be in and have not shifted. Similarly Solana Beach, Del Mar, 4S, La Jolla, University City are not following suit.
Will they? I think they will but it will take some time. I absolutely feel that this credit crunch will VERY MUCH help to accelerate the issue but I don’t see it taking the form of severe pricing declines across the board in these neighborhoods for awhile. I think there will be more here and theres… which will lead to more… and then even more.
It will be a good thing.
SD Realtor
August 11, 2007 at 10:43 PM #73668ParticipantEnorah looking back 2.5 weeks later I say you did well and indeed you may have made a good call.
Unfortunately I still contend that the shift is not happening in ANY of the neighborhoods I want to buy in. In fact the few homes I have REALLY REALLY been eyeballing went into escrow at their list prices. The homes that some of my clients want in La Costa Valley are still way way out of the prices we want them to be in and have not shifted. Similarly Solana Beach, Del Mar, 4S, La Jolla, University City are not following suit.
Will they? I think they will but it will take some time. I absolutely feel that this credit crunch will VERY MUCH help to accelerate the issue but I don’t see it taking the form of severe pricing declines across the board in these neighborhoods for awhile. I think there will be more here and theres… which will lead to more… and then even more.
It will be a good thing.
SD Realtor
August 11, 2007 at 11:45 PM #73577NotCranky
ParticipantThere was someone else that nailed the stock market troubles very near the the first rough day. Does anybody remember that thread? I looked for it but couldn’t find it. Of course We haven’t seen enough to say someone correctly predicted a crash, but like Enorah’s post that one seemed very spooky in its timing.
August 11, 2007 at 11:45 PM #73697ParticipantThere was someone else that nailed the stock market troubles very near the the first rough day. Does anybody remember that thread? I looked for it but couldn’t find it. Of course We haven’t seen enough to say someone correctly predicted a crash, but like Enorah’s post that one seemed very spooky in its timing.
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