Thinking about jumping in….

[peterb]

It’s not about calling a bottom. Who knows when that will come? Who knows how long the market will stay at the bottom before it ever starts to rise. Real estate moves at a very slow pace. Investment 101, follow the trend. Why get into this market before it shows any sign of improving? You can easily time the real estate market. It does not turn on a dime.

[jpinpb]

It of course is understood if you don’t have a job, not to buy. But some people’s position are precarious. They may be in a company that’s downsizing or business is slowing/lagging and job cuts could be on the horizon.

That’s why I mention that the job be secure. If there is a lot of uncertainty, then wait. I know some people who have extremely good job security. Pay is ok, not vast amounts of money, but there is no risk of job loss.

Everyone is different and that needs to be evaluated by yourself.

[jpinpb]

It of course is understood if you don’t have a job, not to buy. But some people’s position are precarious. They may be in a company that’s downsizing or business is slowing/lagging and job cuts could be on the horizon.

That’s why I mention that the job be secure. If there is a lot of uncertainty, then wait. I know some people who have extremely good job security. Pay is ok, not vast amounts of money, but there is no risk of job loss.

Everyone is different and that needs to be evaluated by yourself.

[jpinpb]

It of course is understood if you don’t have a job, not to buy. But some people’s position are precarious. They may be in a company that’s downsizing or business is slowing/lagging and job cuts could be on the horizon.

That’s why I mention that the job be secure. If there is a lot of uncertainty, then wait. I know some people who have extremely good job security. Pay is ok, not vast amounts of money, but there is no risk of job loss.

Everyone is different and that needs to be evaluated by yourself.

[jpinpb]

It of course is understood if you don’t have a job, not to buy. But some people’s position are precarious. They may be in a company that’s downsizing or business is slowing/lagging and job cuts could be on the horizon.

That’s why I mention that the job be secure. If there is a lot of uncertainty, then wait. I know some people who have extremely good job security. Pay is ok, not vast amounts of money, but there is no risk of job loss.

Everyone is different and that needs to be evaluated by yourself.

[jpinpb]

It of course is understood if you don’t have a job, not to buy. But some people’s position are precarious. They may be in a company that’s downsizing or business is slowing/lagging and job cuts could be on the horizon.

That’s why I mention that the job be secure. If there is a lot of uncertainty, then wait. I know some people who have extremely good job security. Pay is ok, not vast amounts of money, but there is no risk of job loss.

Everyone is different and that needs to be evaluated by yourself.

[LAAFTERHOURS]

To find 2001 pricing in SEH, look at the older neighborhoods/ streets:

Archer
Dolphin
Coral
Sagewood
Beechtree
Windemere
Sandbar
Glencrest

Most of the above were built in 2001/ 2002 and if you look at the following examples, those homes havent hit 2001 pricing but some are closer than others.

http://www.sdlookup.com/Property-254C2F0F-1573_Archer_Rd_San_Marcos_CA_92078 395k in 2002, currently in the 600s

http://www.sdlookup.com/Property-C2A5097A-1690_Sagewood_Way_San_Marcos_CA_92078 370K in 2001, currently at 519K

So in the newer areas up the hill, I guess use their 2001/2002 price per sq ft and pricing as a baseline and find a happy medium value for those homes.

Will you ever find true 2001 pricing in SEH? Probably not but getting closer each day.

Foreclosure Count (Preforeclosure included)

Antilla – 6
Orion – 3
Clifftop – 3
Brightwood – 2
Baylor – 3
Tara – 1
Corbel – 1
Genoa – 3
Hollowbrook – 3

Im sure there are more but the Questhaven corridor has a lot of room to move..

[LAAFTERHOURS]

To find 2001 pricing in SEH, look at the older neighborhoods/ streets:

Archer
Dolphin
Coral
Sagewood
Beechtree
Windemere
Sandbar
Glencrest

Most of the above were built in 2001/ 2002 and if you look at the following examples, those homes havent hit 2001 pricing but some are closer than others.

http://www.sdlookup.com/Property-254C2F0F-1573_Archer_Rd_San_Marcos_CA_92078 395k in 2002, currently in the 600s

http://www.sdlookup.com/Property-C2A5097A-1690_Sagewood_Way_San_Marcos_CA_92078 370K in 2001, currently at 519K

So in the newer areas up the hill, I guess use their 2001/2002 price per sq ft and pricing as a baseline and find a happy medium value for those homes.

Will you ever find true 2001 pricing in SEH? Probably not but getting closer each day.

Foreclosure Count (Preforeclosure included)

Antilla – 6
Orion – 3
Clifftop – 3
Brightwood – 2
Baylor – 3
Tara – 1
Corbel – 1
Genoa – 3
Hollowbrook – 3

Im sure there are more but the Questhaven corridor has a lot of room to move..

[LAAFTERHOURS]

To find 2001 pricing in SEH, look at the older neighborhoods/ streets:

Archer
Dolphin
Coral
Sagewood
Beechtree
Windemere
Sandbar
Glencrest

Most of the above were built in 2001/ 2002 and if you look at the following examples, those homes havent hit 2001 pricing but some are closer than others.

http://www.sdlookup.com/Property-254C2F0F-1573_Archer_Rd_San_Marcos_CA_92078 395k in 2002, currently in the 600s

http://www.sdlookup.com/Property-C2A5097A-1690_Sagewood_Way_San_Marcos_CA_92078 370K in 2001, currently at 519K

So in the newer areas up the hill, I guess use their 2001/2002 price per sq ft and pricing as a baseline and find a happy medium value for those homes.

Will you ever find true 2001 pricing in SEH? Probably not but getting closer each day.

Foreclosure Count (Preforeclosure included)

Antilla – 6
Orion – 3
Clifftop – 3
Brightwood – 2
Baylor – 3
Tara – 1
Corbel – 1
Genoa – 3
Hollowbrook – 3

Im sure there are more but the Questhaven corridor has a lot of room to move..

[LAAFTERHOURS]

To find 2001 pricing in SEH, look at the older neighborhoods/ streets:

Archer
Dolphin
Coral
Sagewood
Beechtree
Windemere
Sandbar
Glencrest

Most of the above were built in 2001/ 2002 and if you look at the following examples, those homes havent hit 2001 pricing but some are closer than others.

http://www.sdlookup.com/Property-254C2F0F-1573_Archer_Rd_San_Marcos_CA_92078 395k in 2002, currently in the 600s

http://www.sdlookup.com/Property-C2A5097A-1690_Sagewood_Way_San_Marcos_CA_92078 370K in 2001, currently at 519K

So in the newer areas up the hill, I guess use their 2001/2002 price per sq ft and pricing as a baseline and find a happy medium value for those homes.

Will you ever find true 2001 pricing in SEH? Probably not but getting closer each day.

Foreclosure Count (Preforeclosure included)

Antilla – 6
Orion – 3
Clifftop – 3
Brightwood – 2
Baylor – 3
Tara – 1
Corbel – 1
Genoa – 3
Hollowbrook – 3

Im sure there are more but the Questhaven corridor has a lot of room to move..

[LAAFTERHOURS]

To find 2001 pricing in SEH, look at the older neighborhoods/ streets:

Archer
Dolphin
Coral
Sagewood
Beechtree
Windemere
Sandbar
Glencrest

Most of the above were built in 2001/ 2002 and if you look at the following examples, those homes havent hit 2001 pricing but some are closer than others.

http://www.sdlookup.com/Property-254C2F0F-1573_Archer_Rd_San_Marcos_CA_92078 395k in 2002, currently in the 600s

http://www.sdlookup.com/Property-C2A5097A-1690_Sagewood_Way_San_Marcos_CA_92078 370K in 2001, currently at 519K

So in the newer areas up the hill, I guess use their 2001/2002 price per sq ft and pricing as a baseline and find a happy medium value for those homes.

Will you ever find true 2001 pricing in SEH? Probably not but getting closer each day.

Foreclosure Count (Preforeclosure included)

Antilla – 6
Orion – 3
Clifftop – 3
Brightwood – 2
Baylor – 3
Tara – 1
Corbel – 1
Genoa – 3
Hollowbrook – 3

Im sure there are more but the Questhaven corridor has a lot of room to move..

[davelj]

[quote=Mark Holmes]It’s just amazing to me that anyone who is somewhat informed would be calling a bottom now. It would fly in the face of all statistical, historical and common sense evidence. The real estate boom that just ended, the biggest in San Diego history, will be followed by a bust of commensurate size and duration. Every boom was and is followed by one.

An 85-year-old, wealthy, lifelong San Diegan told me at the peak of the market that the time to buy would be when everyone knows it is a terrible time to buy.

My guess is that sentiment is still 2-4 years away.

But good luck to all buyers…[/quote]

I don’t see anyone calling a bottom here. It’s just that sometimes the last 10%-20% isn’t worth waiting for if there are non-financial considerations and the price available today isn’t eggregious.

[davelj]

[quote=Mark Holmes]It’s just amazing to me that anyone who is somewhat informed would be calling a bottom now. It would fly in the face of all statistical, historical and common sense evidence. The real estate boom that just ended, the biggest in San Diego history, will be followed by a bust of commensurate size and duration. Every boom was and is followed by one.

An 85-year-old, wealthy, lifelong San Diegan told me at the peak of the market that the time to buy would be when everyone knows it is a terrible time to buy.

My guess is that sentiment is still 2-4 years away.

But good luck to all buyers…[/quote]

I don’t see anyone calling a bottom here. It’s just that sometimes the last 10%-20% isn’t worth waiting for if there are non-financial considerations and the price available today isn’t eggregious.

[davelj]

[quote=Mark Holmes]It’s just amazing to me that anyone who is somewhat informed would be calling a bottom now. It would fly in the face of all statistical, historical and common sense evidence. The real estate boom that just ended, the biggest in San Diego history, will be followed by a bust of commensurate size and duration. Every boom was and is followed by one.

An 85-year-old, wealthy, lifelong San Diegan told me at the peak of the market that the time to buy would be when everyone knows it is a terrible time to buy.

My guess is that sentiment is still 2-4 years away.

But good luck to all buyers…[/quote]

I don’t see anyone calling a bottom here. It’s just that sometimes the last 10%-20% isn’t worth waiting for if there are non-financial considerations and the price available today isn’t eggregious.

[davelj]

[quote=Mark Holmes]It’s just amazing to me that anyone who is somewhat informed would be calling a bottom now. It would fly in the face of all statistical, historical and common sense evidence. The real estate boom that just ended, the biggest in San Diego history, will be followed by a bust of commensurate size and duration. Every boom was and is followed by one.

An 85-year-old, wealthy, lifelong San Diegan told me at the peak of the market that the time to buy would be when everyone knows it is a terrible time to buy.

My guess is that sentiment is still 2-4 years away.

But good luck to all buyers…[/quote]

I don’t see anyone calling a bottom here. It’s just that sometimes the last 10%-20% isn’t worth waiting for if there are non-financial considerations and the price available today isn’t eggregious.

[Author]

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