Home › Forums › Closed Forums › Buying and Selling RE › Thinking about jumping in….
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NotCranky.
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January 5, 2009 at 2:37 PM #324690January 5, 2009 at 3:49 PM #324210
sdnerd
ParticipantI must say I’m shocked at all the recent purchases from members of this site, OCRenter, etc. And now another is thinking about pulling the trigger.
It seems like not long ago I was wondering when the general attitude on this forum would start to shift towards pro-buy.
About the ONLY “plus” I see at the moment to pulling the trigger are lower rates. Everything I see and read points to prices going down significantly, the only question is how quickly. Even Forbes is predicting a ~20% decline in San Diego this year.
If you wanted to live in SEH, I would agree it’s probably seen the majority of it’s punishment. But I don’t get the impression that is where you really want to live.
Wage inflation? Anytime in the immediate future? I don’t see it.
I’ve got major wife pressure, and I was thinking to myself Q4 of this year would be the earliest I would even consider it. I think that will probably be early as well for the price range, but will remove hopefully another 10-20% of price decline risk.
January 5, 2009 at 3:49 PM #324543ParticipantI must say I’m shocked at all the recent purchases from members of this site, OCRenter, etc. And now another is thinking about pulling the trigger.
It seems like not long ago I was wondering when the general attitude on this forum would start to shift towards pro-buy.
About the ONLY “plus” I see at the moment to pulling the trigger are lower rates. Everything I see and read points to prices going down significantly, the only question is how quickly. Even Forbes is predicting a ~20% decline in San Diego this year.
If you wanted to live in SEH, I would agree it’s probably seen the majority of it’s punishment. But I don’t get the impression that is where you really want to live.
Wage inflation? Anytime in the immediate future? I don’t see it.
I’ve got major wife pressure, and I was thinking to myself Q4 of this year would be the earliest I would even consider it. I think that will probably be early as well for the price range, but will remove hopefully another 10-20% of price decline risk.
January 5, 2009 at 3:49 PM #324612ParticipantI must say I’m shocked at all the recent purchases from members of this site, OCRenter, etc. And now another is thinking about pulling the trigger.
It seems like not long ago I was wondering when the general attitude on this forum would start to shift towards pro-buy.
About the ONLY “plus” I see at the moment to pulling the trigger are lower rates. Everything I see and read points to prices going down significantly, the only question is how quickly. Even Forbes is predicting a ~20% decline in San Diego this year.
If you wanted to live in SEH, I would agree it’s probably seen the majority of it’s punishment. But I don’t get the impression that is where you really want to live.
Wage inflation? Anytime in the immediate future? I don’t see it.
I’ve got major wife pressure, and I was thinking to myself Q4 of this year would be the earliest I would even consider it. I think that will probably be early as well for the price range, but will remove hopefully another 10-20% of price decline risk.
January 5, 2009 at 3:49 PM #324629ParticipantI must say I’m shocked at all the recent purchases from members of this site, OCRenter, etc. And now another is thinking about pulling the trigger.
It seems like not long ago I was wondering when the general attitude on this forum would start to shift towards pro-buy.
About the ONLY “plus” I see at the moment to pulling the trigger are lower rates. Everything I see and read points to prices going down significantly, the only question is how quickly. Even Forbes is predicting a ~20% decline in San Diego this year.
If you wanted to live in SEH, I would agree it’s probably seen the majority of it’s punishment. But I don’t get the impression that is where you really want to live.
Wage inflation? Anytime in the immediate future? I don’t see it.
I’ve got major wife pressure, and I was thinking to myself Q4 of this year would be the earliest I would even consider it. I think that will probably be early as well for the price range, but will remove hopefully another 10-20% of price decline risk.
January 5, 2009 at 3:49 PM #324710ParticipantI must say I’m shocked at all the recent purchases from members of this site, OCRenter, etc. And now another is thinking about pulling the trigger.
It seems like not long ago I was wondering when the general attitude on this forum would start to shift towards pro-buy.
About the ONLY “plus” I see at the moment to pulling the trigger are lower rates. Everything I see and read points to prices going down significantly, the only question is how quickly. Even Forbes is predicting a ~20% decline in San Diego this year.
If you wanted to live in SEH, I would agree it’s probably seen the majority of it’s punishment. But I don’t get the impression that is where you really want to live.
Wage inflation? Anytime in the immediate future? I don’t see it.
I’ve got major wife pressure, and I was thinking to myself Q4 of this year would be the earliest I would even consider it. I think that will probably be early as well for the price range, but will remove hopefully another 10-20% of price decline risk.
January 5, 2009 at 3:55 PM #324235(former)FormerSanDiegan
Participant[quote=sdnerd] Even Forbes is predicting a ~20% decline in San Diego this year.
[/quote]What did Forbes predict for 2007 and 2008 ?
January 5, 2009 at 3:55 PM #324568Participant[quote=sdnerd] Even Forbes is predicting a ~20% decline in San Diego this year.
[/quote]What did Forbes predict for 2007 and 2008 ?
January 5, 2009 at 3:55 PM #324637Participant[quote=sdnerd] Even Forbes is predicting a ~20% decline in San Diego this year.
[/quote]What did Forbes predict for 2007 and 2008 ?
January 5, 2009 at 3:55 PM #324654Participant[quote=sdnerd] Even Forbes is predicting a ~20% decline in San Diego this year.
[/quote]What did Forbes predict for 2007 and 2008 ?
January 5, 2009 at 3:55 PM #324735Participant[quote=sdnerd] Even Forbes is predicting a ~20% decline in San Diego this year.
[/quote]What did Forbes predict for 2007 and 2008 ?
January 5, 2009 at 4:30 PM #324254CA renter
Participantsdr,
It’s not so much fear as it is being alert and knowing what’s going on all around you (including global issues).
For some areas, much of the risk has been eliminated over the past few years (like O’side, Escondido, Vista, etc.). In other areas, the risk is almost as high as it was during the peak.
Some of the “safest” jobs are in govt, and I can assure you the axe is being honed right now. Can’t imagine the private sector is any better off. We still have a lot to work through in the financial world, and there are greater negative demographic and wage pressures that we didn’t have during the last few RE cycles.
January 5, 2009 at 4:30 PM #324588Participantsdr,
It’s not so much fear as it is being alert and knowing what’s going on all around you (including global issues).
For some areas, much of the risk has been eliminated over the past few years (like O’side, Escondido, Vista, etc.). In other areas, the risk is almost as high as it was during the peak.
Some of the “safest” jobs are in govt, and I can assure you the axe is being honed right now. Can’t imagine the private sector is any better off. We still have a lot to work through in the financial world, and there are greater negative demographic and wage pressures that we didn’t have during the last few RE cycles.
January 5, 2009 at 4:30 PM #324657Participantsdr,
It’s not so much fear as it is being alert and knowing what’s going on all around you (including global issues).
For some areas, much of the risk has been eliminated over the past few years (like O’side, Escondido, Vista, etc.). In other areas, the risk is almost as high as it was during the peak.
Some of the “safest” jobs are in govt, and I can assure you the axe is being honed right now. Can’t imagine the private sector is any better off. We still have a lot to work through in the financial world, and there are greater negative demographic and wage pressures that we didn’t have during the last few RE cycles.
January 5, 2009 at 4:30 PM #324674Participantsdr,
It’s not so much fear as it is being alert and knowing what’s going on all around you (including global issues).
For some areas, much of the risk has been eliminated over the past few years (like O’side, Escondido, Vista, etc.). In other areas, the risk is almost as high as it was during the peak.
Some of the “safest” jobs are in govt, and I can assure you the axe is being honed right now. Can’t imagine the private sector is any better off. We still have a lot to work through in the financial world, and there are greater negative demographic and wage pressures that we didn’t have during the last few RE cycles.
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