Upper MId to Lower High End Market in NCC

[sdrealtor]

DLJ
Here’s one data point. My rent in 1995 was $750 for a place that would rent for $1500 today.

[jstoesz]

[quote=sdrealtor]Your examples are usually cherry picking because you seek out things that confirm your viewpoint so that is what you find. I watch everything and have a sense of what is going on overall that you dont have the seat for.
[/quote]

Can we get him an award? And enshrine his mind when he dies?

To paraphrase “just remember people of low intelligence, I WATCH EVERYTHING”

I like lurking, but I had to come out for that…I nearly threw up on myself!

[jstoesz]

[quote=sdrealtor]Your examples are usually cherry picking because you seek out things that confirm your viewpoint so that is what you find. I watch everything and have a sense of what is going on overall that you dont have the seat for.
[/quote]

Can we get him an award? And enshrine his mind when he dies?

To paraphrase “just remember people of low intelligence, I WATCH EVERYTHING”

I like lurking, but I had to come out for that…I nearly threw up on myself!

[jstoesz]

[quote=sdrealtor]Your examples are usually cherry picking because you seek out things that confirm your viewpoint so that is what you find. I watch everything and have a sense of what is going on overall that you dont have the seat for.
[/quote]

Can we get him an award? And enshrine his mind when he dies?

To paraphrase “just remember people of low intelligence, I WATCH EVERYTHING”

I like lurking, but I had to come out for that…I nearly threw up on myself!

[jstoesz]

[quote=sdrealtor]Your examples are usually cherry picking because you seek out things that confirm your viewpoint so that is what you find. I watch everything and have a sense of what is going on overall that you dont have the seat for.
[/quote]

Can we get him an award? And enshrine his mind when he dies?

To paraphrase “just remember people of low intelligence, I WATCH EVERYTHING”

I like lurking, but I had to come out for that…I nearly threw up on myself!

[jstoesz]

[quote=sdrealtor]Your examples are usually cherry picking because you seek out things that confirm your viewpoint so that is what you find. I watch everything and have a sense of what is going on overall that you dont have the seat for.
[/quote]

Can we get him an award? And enshrine his mind when he dies?

To paraphrase “just remember people of low intelligence, I WATCH EVERYTHING”

I like lurking, but I had to come out for that…I nearly threw up on myself!

[davelj]

[quote=sdrealtor]DLJ
Here’s one data point. My rent in 1995 was $750 for a place that would rent for $1500 today.[/quote]

I bought a condo in 2000 (sold in 2004) where the other units were renting for $1,100. Today these units rent for $1,600. This is all purely anecdotal of course. (And I know the aggregate data is out there somewhere.)

If I had to guess, I’d say that rents in the U.S. have probably increased at around 3% annually over the last 15 years while rents in SD have increased at about 4% annually. Again, that’s just a semi-educated guess. That would equate to a cumulative difference in rents of 16% (and by extension, values) over the period. I’ll try to dig up the real numbers at some point. Although perhaps the esteemed Professor already has access to such data?

[davelj]

[quote=sdrealtor]DLJ
Here’s one data point. My rent in 1995 was $750 for a place that would rent for $1500 today.[/quote]

I bought a condo in 2000 (sold in 2004) where the other units were renting for $1,100. Today these units rent for $1,600. This is all purely anecdotal of course. (And I know the aggregate data is out there somewhere.)

If I had to guess, I’d say that rents in the U.S. have probably increased at around 3% annually over the last 15 years while rents in SD have increased at about 4% annually. Again, that’s just a semi-educated guess. That would equate to a cumulative difference in rents of 16% (and by extension, values) over the period. I’ll try to dig up the real numbers at some point. Although perhaps the esteemed Professor already has access to such data?

[davelj]

[quote=sdrealtor]DLJ
Here’s one data point. My rent in 1995 was $750 for a place that would rent for $1500 today.[/quote]

I bought a condo in 2000 (sold in 2004) where the other units were renting for $1,100. Today these units rent for $1,600. This is all purely anecdotal of course. (And I know the aggregate data is out there somewhere.)

If I had to guess, I’d say that rents in the U.S. have probably increased at around 3% annually over the last 15 years while rents in SD have increased at about 4% annually. Again, that’s just a semi-educated guess. That would equate to a cumulative difference in rents of 16% (and by extension, values) over the period. I’ll try to dig up the real numbers at some point. Although perhaps the esteemed Professor already has access to such data?

[davelj]

[quote=sdrealtor]DLJ
Here’s one data point. My rent in 1995 was $750 for a place that would rent for $1500 today.[/quote]

I bought a condo in 2000 (sold in 2004) where the other units were renting for $1,100. Today these units rent for $1,600. This is all purely anecdotal of course. (And I know the aggregate data is out there somewhere.)

If I had to guess, I’d say that rents in the U.S. have probably increased at around 3% annually over the last 15 years while rents in SD have increased at about 4% annually. Again, that’s just a semi-educated guess. That would equate to a cumulative difference in rents of 16% (and by extension, values) over the period. I’ll try to dig up the real numbers at some point. Although perhaps the esteemed Professor already has access to such data?

[davelj]

[quote=sdrealtor]DLJ
Here’s one data point. My rent in 1995 was $750 for a place that would rent for $1500 today.[/quote]

I bought a condo in 2000 (sold in 2004) where the other units were renting for $1,100. Today these units rent for $1,600. This is all purely anecdotal of course. (And I know the aggregate data is out there somewhere.)

If I had to guess, I’d say that rents in the U.S. have probably increased at around 3% annually over the last 15 years while rents in SD have increased at about 4% annually. Again, that’s just a semi-educated guess. That would equate to a cumulative difference in rents of 16% (and by extension, values) over the period. I’ll try to dig up the real numbers at some point. Although perhaps the esteemed Professor already has access to such data?

[all]

[quote=deadzone]captcha, the following comment is exactly why I don’t belive the high end will continue to hold up like it has so far:

“most people who buy property in the $1M+ range put 50% or more down. These are “move-up” buyers who have cash from the sale of another property or buyers who intend to purchase with all cash. In at least 50% of buyer-households in this category, there is no “employed” person in the true sense of the word.”
[/quote]

That’s bearishgurl, right? If she said it it must be wrong.

I understand your frustration. I also understand your arguments, I used to argue the same.
For whatever reason people kept paying for houses more than what made sense to me and it is possible that ‘what made sense to me’ can be substituted with ‘what I could afford.’ Eventually I managed to ‘steal one from the bank’ and I stopped caring.

Anyway, my point was that you might make a mistake I did if you simply reject what sdr is saying just because he’s a Realtor® and you don’t like what he says.

Personally, I am intimidated by strangers and I am an immigrant. That limits my circle to either ethnic or professional, but even I know several people who can afford $1MM house and either bought one in the past couple of years or might buy one in the next couple of years. And they just keep coming popping up.

[all]

[quote=deadzone]captcha, the following comment is exactly why I don’t belive the high end will continue to hold up like it has so far:

“most people who buy property in the $1M+ range put 50% or more down. These are “move-up” buyers who have cash from the sale of another property or buyers who intend to purchase with all cash. In at least 50% of buyer-households in this category, there is no “employed” person in the true sense of the word.”
[/quote]

That’s bearishgurl, right? If she said it it must be wrong.

I understand your frustration. I also understand your arguments, I used to argue the same.
For whatever reason people kept paying for houses more than what made sense to me and it is possible that ‘what made sense to me’ can be substituted with ‘what I could afford.’ Eventually I managed to ‘steal one from the bank’ and I stopped caring.

Anyway, my point was that you might make a mistake I did if you simply reject what sdr is saying just because he’s a Realtor® and you don’t like what he says.

Personally, I am intimidated by strangers and I am an immigrant. That limits my circle to either ethnic or professional, but even I know several people who can afford $1MM house and either bought one in the past couple of years or might buy one in the next couple of years. And they just keep coming popping up.

[all]

[quote=deadzone]captcha, the following comment is exactly why I don’t belive the high end will continue to hold up like it has so far:

“most people who buy property in the $1M+ range put 50% or more down. These are “move-up” buyers who have cash from the sale of another property or buyers who intend to purchase with all cash. In at least 50% of buyer-households in this category, there is no “employed” person in the true sense of the word.”
[/quote]

That’s bearishgurl, right? If she said it it must be wrong.

I understand your frustration. I also understand your arguments, I used to argue the same.
For whatever reason people kept paying for houses more than what made sense to me and it is possible that ‘what made sense to me’ can be substituted with ‘what I could afford.’ Eventually I managed to ‘steal one from the bank’ and I stopped caring.

Anyway, my point was that you might make a mistake I did if you simply reject what sdr is saying just because he’s a Realtor® and you don’t like what he says.

Personally, I am intimidated by strangers and I am an immigrant. That limits my circle to either ethnic or professional, but even I know several people who can afford $1MM house and either bought one in the past couple of years or might buy one in the next couple of years. And they just keep coming popping up.

[all]

[quote=deadzone]captcha, the following comment is exactly why I don’t belive the high end will continue to hold up like it has so far:

“most people who buy property in the $1M+ range put 50% or more down. These are “move-up” buyers who have cash from the sale of another property or buyers who intend to purchase with all cash. In at least 50% of buyer-households in this category, there is no “employed” person in the true sense of the word.”
[/quote]

That’s bearishgurl, right? If she said it it must be wrong.

I understand your frustration. I also understand your arguments, I used to argue the same.
For whatever reason people kept paying for houses more than what made sense to me and it is possible that ‘what made sense to me’ can be substituted with ‘what I could afford.’ Eventually I managed to ‘steal one from the bank’ and I stopped caring.

Anyway, my point was that you might make a mistake I did if you simply reject what sdr is saying just because he’s a Realtor® and you don’t like what he says.

Personally, I am intimidated by strangers and I am an immigrant. That limits my circle to either ethnic or professional, but even I know several people who can afford $1MM house and either bought one in the past couple of years or might buy one in the next couple of years. And they just keep coming popping up.

[Author]

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