Upper MId to Lower High End Market in NCC

[outtamojo]

[quote=davelj]This looks like pretty healthy down payment activity to me. I assume Carmel Valley is above the median in terms of average pricing.

http://www.bubbleinfo.com/2010/08/23/cv-down-payments/%5B/quote%5D

Shhhhh – everyone is supposed to be jobless and broke or on the way to the poorhouse : )

[outtamojo]

[quote=JohnAlt91941][quote=deadzone]Again you are falling into the same tired argument that SD high end is “insulated” because everyone wants to live here. That is horseshit because Coastal SD high end got hammered in previous RE recessions. Most notably mid-90s.

So in 1995 San Diego was not desirable but now it is more? There is nothing particularly better about living in SD now than in 1995, same weather, same beaches, same everything. Only difference is a downtown ballpark, BFD.[/quote]

Didn’t you know that San Diego was a well kept secret until the late 1990’s when someone let the cat out of the bag and then everyone decided they wanted to move here?

Coincidentally, they stopped making new land about the same time.[/quote]

Well, if Dubai can do it….

[outtamojo]

[quote=JohnAlt91941][quote=deadzone]Again you are falling into the same tired argument that SD high end is “insulated” because everyone wants to live here. That is horseshit because Coastal SD high end got hammered in previous RE recessions. Most notably mid-90s.

So in 1995 San Diego was not desirable but now it is more? There is nothing particularly better about living in SD now than in 1995, same weather, same beaches, same everything. Only difference is a downtown ballpark, BFD.[/quote]

Didn’t you know that San Diego was a well kept secret until the late 1990’s when someone let the cat out of the bag and then everyone decided they wanted to move here?

Coincidentally, they stopped making new land about the same time.[/quote]

Well, if Dubai can do it….

[outtamojo]

[quote=JohnAlt91941][quote=deadzone]Again you are falling into the same tired argument that SD high end is “insulated” because everyone wants to live here. That is horseshit because Coastal SD high end got hammered in previous RE recessions. Most notably mid-90s.

So in 1995 San Diego was not desirable but now it is more? There is nothing particularly better about living in SD now than in 1995, same weather, same beaches, same everything. Only difference is a downtown ballpark, BFD.[/quote]

Didn’t you know that San Diego was a well kept secret until the late 1990’s when someone let the cat out of the bag and then everyone decided they wanted to move here?

Coincidentally, they stopped making new land about the same time.[/quote]

Well, if Dubai can do it….

[outtamojo]

[quote=JohnAlt91941][quote=deadzone]Again you are falling into the same tired argument that SD high end is “insulated” because everyone wants to live here. That is horseshit because Coastal SD high end got hammered in previous RE recessions. Most notably mid-90s.

So in 1995 San Diego was not desirable but now it is more? There is nothing particularly better about living in SD now than in 1995, same weather, same beaches, same everything. Only difference is a downtown ballpark, BFD.[/quote]

Didn’t you know that San Diego was a well kept secret until the late 1990’s when someone let the cat out of the bag and then everyone decided they wanted to move here?

Coincidentally, they stopped making new land about the same time.[/quote]

Well, if Dubai can do it….

[outtamojo]

[quote=JohnAlt91941][quote=deadzone]Again you are falling into the same tired argument that SD high end is “insulated” because everyone wants to live here. That is horseshit because Coastal SD high end got hammered in previous RE recessions. Most notably mid-90s.

So in 1995 San Diego was not desirable but now it is more? There is nothing particularly better about living in SD now than in 1995, same weather, same beaches, same everything. Only difference is a downtown ballpark, BFD.[/quote]

Didn’t you know that San Diego was a well kept secret until the late 1990’s when someone let the cat out of the bag and then everyone decided they wanted to move here?

Coincidentally, they stopped making new land about the same time.[/quote]

Well, if Dubai can do it….

[carlsbadworker]

[quote=temeculaguy]Those judges never changed their math, they were right then, they are probably right now, their formulas didn’t change, the perception of their formulas have. When the likes of sdrealtor and ocrenter both give her a 7, guess what she’s probably a 7, and 7 aint bad. I like a 7, they are more appreciative than a 9 or a 10, but I digress, which is what I’m known for.[/quote]

I actually don’t fully agree with this. Economy is a moving target. So when the facts changed, even if their formula didn’t change, the end result could change. Which judge several years ago predicted the 10% unemployment, the bankrupcy of lehman, GM, AIG, fannie mae and fredie mac? And who predicted the aggressive response by the FED and the congess? The huge amount of the shadow inventory and the government bented in backward with new accounting rules for the to mark-to-fantasy?
We are in uncharted territory and we need new formula. That’s what I am saying.

[carlsbadworker]

[quote=temeculaguy]Those judges never changed their math, they were right then, they are probably right now, their formulas didn’t change, the perception of their formulas have. When the likes of sdrealtor and ocrenter both give her a 7, guess what she’s probably a 7, and 7 aint bad. I like a 7, they are more appreciative than a 9 or a 10, but I digress, which is what I’m known for.[/quote]

I actually don’t fully agree with this. Economy is a moving target. So when the facts changed, even if their formula didn’t change, the end result could change. Which judge several years ago predicted the 10% unemployment, the bankrupcy of lehman, GM, AIG, fannie mae and fredie mac? And who predicted the aggressive response by the FED and the congess? The huge amount of the shadow inventory and the government bented in backward with new accounting rules for the to mark-to-fantasy?
We are in uncharted territory and we need new formula. That’s what I am saying.

[carlsbadworker]

[quote=temeculaguy]Those judges never changed their math, they were right then, they are probably right now, their formulas didn’t change, the perception of their formulas have. When the likes of sdrealtor and ocrenter both give her a 7, guess what she’s probably a 7, and 7 aint bad. I like a 7, they are more appreciative than a 9 or a 10, but I digress, which is what I’m known for.[/quote]

I actually don’t fully agree with this. Economy is a moving target. So when the facts changed, even if their formula didn’t change, the end result could change. Which judge several years ago predicted the 10% unemployment, the bankrupcy of lehman, GM, AIG, fannie mae and fredie mac? And who predicted the aggressive response by the FED and the congess? The huge amount of the shadow inventory and the government bented in backward with new accounting rules for the to mark-to-fantasy?
We are in uncharted territory and we need new formula. That’s what I am saying.

[carlsbadworker]

[quote=temeculaguy]Those judges never changed their math, they were right then, they are probably right now, their formulas didn’t change, the perception of their formulas have. When the likes of sdrealtor and ocrenter both give her a 7, guess what she’s probably a 7, and 7 aint bad. I like a 7, they are more appreciative than a 9 or a 10, but I digress, which is what I’m known for.[/quote]

I actually don’t fully agree with this. Economy is a moving target. So when the facts changed, even if their formula didn’t change, the end result could change. Which judge several years ago predicted the 10% unemployment, the bankrupcy of lehman, GM, AIG, fannie mae and fredie mac? And who predicted the aggressive response by the FED and the congess? The huge amount of the shadow inventory and the government bented in backward with new accounting rules for the to mark-to-fantasy?
We are in uncharted territory and we need new formula. That’s what I am saying.

[carlsbadworker]

[quote=temeculaguy]Those judges never changed their math, they were right then, they are probably right now, their formulas didn’t change, the perception of their formulas have. When the likes of sdrealtor and ocrenter both give her a 7, guess what she’s probably a 7, and 7 aint bad. I like a 7, they are more appreciative than a 9 or a 10, but I digress, which is what I’m known for.[/quote]

I actually don’t fully agree with this. Economy is a moving target. So when the facts changed, even if their formula didn’t change, the end result could change. Which judge several years ago predicted the 10% unemployment, the bankrupcy of lehman, GM, AIG, fannie mae and fredie mac? And who predicted the aggressive response by the FED and the congess? The huge amount of the shadow inventory and the government bented in backward with new accounting rules for the to mark-to-fantasy?
We are in uncharted territory and we need new formula. That’s what I am saying.

[KSMountain]

We’ve lived in 92024 since ’94. My impression is that the area (especially the coastal part) has been gradually gentrifying, especially in the last 5 years.

I’m not an RE expert by any means, but it seems to me the gentrification and upscaling will increase 92024’s appeal to wealthier buyers.

From there I extrapolate that prices in 92024 will NOT get hammered in the next 2-3 years, however much I might like them to.

Here I’m not arguing that the weather has changed, but that the nature of the community and its prospective inhabitants seems to be changing.

You can add me to the camp that feel there are PLENTY of people who can afford a $1MM house. That number gets easier to hit with age, btw.

Many/most of us don’t currently feel as wealthy as we may have in 1999, but unless some crazy secular thing is about to befall us (possible but I hope not), our economy is cyclical and inevitably the pendulum is going to swing back towards party times, even if that is very hard to imagine currently.

[KSMountain]

We’ve lived in 92024 since ’94. My impression is that the area (especially the coastal part) has been gradually gentrifying, especially in the last 5 years.

I’m not an RE expert by any means, but it seems to me the gentrification and upscaling will increase 92024’s appeal to wealthier buyers.

From there I extrapolate that prices in 92024 will NOT get hammered in the next 2-3 years, however much I might like them to.

Here I’m not arguing that the weather has changed, but that the nature of the community and its prospective inhabitants seems to be changing.

You can add me to the camp that feel there are PLENTY of people who can afford a $1MM house. That number gets easier to hit with age, btw.

Many/most of us don’t currently feel as wealthy as we may have in 1999, but unless some crazy secular thing is about to befall us (possible but I hope not), our economy is cyclical and inevitably the pendulum is going to swing back towards party times, even if that is very hard to imagine currently.

[KSMountain]

We’ve lived in 92024 since ’94. My impression is that the area (especially the coastal part) has been gradually gentrifying, especially in the last 5 years.

I’m not an RE expert by any means, but it seems to me the gentrification and upscaling will increase 92024’s appeal to wealthier buyers.

From there I extrapolate that prices in 92024 will NOT get hammered in the next 2-3 years, however much I might like them to.

Here I’m not arguing that the weather has changed, but that the nature of the community and its prospective inhabitants seems to be changing.

You can add me to the camp that feel there are PLENTY of people who can afford a $1MM house. That number gets easier to hit with age, btw.

Many/most of us don’t currently feel as wealthy as we may have in 1999, but unless some crazy secular thing is about to befall us (possible but I hope not), our economy is cyclical and inevitably the pendulum is going to swing back towards party times, even if that is very hard to imagine currently.

[KSMountain]

We’ve lived in 92024 since ’94. My impression is that the area (especially the coastal part) has been gradually gentrifying, especially in the last 5 years.

I’m not an RE expert by any means, but it seems to me the gentrification and upscaling will increase 92024’s appeal to wealthier buyers.

From there I extrapolate that prices in 92024 will NOT get hammered in the next 2-3 years, however much I might like them to.

Here I’m not arguing that the weather has changed, but that the nature of the community and its prospective inhabitants seems to be changing.

You can add me to the camp that feel there are PLENTY of people who can afford a $1MM house. That number gets easier to hit with age, btw.

Many/most of us don’t currently feel as wealthy as we may have in 1999, but unless some crazy secular thing is about to befall us (possible but I hope not), our economy is cyclical and inevitably the pendulum is going to swing back towards party times, even if that is very hard to imagine currently.

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