UT: County housing market strengthening

[5yearwaiter]

Let’s discuss this same post at the end of September 2010 and please do bring all the stats by that time

[surveyor]

[quote=briansd1]Surveyor, my use of the word usury relates to some people’s revulsion to excessive profit and gain without any work obtained though greed and avarice.

I thought that you were a student of Christianity.

The subject was greedy sellers asking ridiculous prices.[/quote]

Seriously, you’re bringing religion into this? I shudder to ask what that has to do with usury (the proper definition of it, as opposed to the one that you’ve made up).

And btw I mentioned I was a student of history not christianity. Again, stop making stuff up.

[surveyor]

[quote=briansd1]Surveyor, my use of the word usury relates to some people’s revulsion to excessive profit and gain without any work obtained though greed and avarice.

I thought that you were a student of Christianity.

The subject was greedy sellers asking ridiculous prices.[/quote]

Seriously, you’re bringing religion into this? I shudder to ask what that has to do with usury (the proper definition of it, as opposed to the one that you’ve made up).

And btw I mentioned I was a student of history not christianity. Again, stop making stuff up.

[surveyor]

[quote=briansd1]Surveyor, my use of the word usury relates to some people’s revulsion to excessive profit and gain without any work obtained though greed and avarice.

I thought that you were a student of Christianity.

The subject was greedy sellers asking ridiculous prices.[/quote]

Seriously, you’re bringing religion into this? I shudder to ask what that has to do with usury (the proper definition of it, as opposed to the one that you’ve made up).

And btw I mentioned I was a student of history not christianity. Again, stop making stuff up.

[surveyor]

[quote=briansd1]Surveyor, my use of the word usury relates to some people’s revulsion to excessive profit and gain without any work obtained though greed and avarice.

I thought that you were a student of Christianity.

The subject was greedy sellers asking ridiculous prices.[/quote]

Seriously, you’re bringing religion into this? I shudder to ask what that has to do with usury (the proper definition of it, as opposed to the one that you’ve made up).

And btw I mentioned I was a student of history not christianity. Again, stop making stuff up.

[surveyor]

[quote=briansd1]Surveyor, my use of the word usury relates to some people’s revulsion to excessive profit and gain without any work obtained though greed and avarice.

I thought that you were a student of Christianity.

The subject was greedy sellers asking ridiculous prices.[/quote]

Seriously, you’re bringing religion into this? I shudder to ask what that has to do with usury (the proper definition of it, as opposed to the one that you’ve made up).

And btw I mentioned I was a student of history not christianity. Again, stop making stuff up.

[sdrealtor]

I dont think the problem is necessarily the overpriced listings because even if they were priced lower, I dont see much on the market that CAR would even be interested in. The problem is she wants something that is in short supply now and generally is always in short supply. So if you want one of them, you end up paying a premium in the current market, whatever that is.

A major problem with that is that the incomes and desireability of this area have been permenantly altered IMO. I know lots of old timers around here and Encinitas/South Carlsbad was looked at as the boonies 20 years ago with not much going on. When I moved to Encinitas in 1997, it was nearly impossible to find a place that served dinner after 9PM. It is now a pretty upscale area (and I’m not just referring to home prices) but it wasnt always. More and more, you gotta be a Big Dog to get a prime property around.

[sdrealtor]

I dont think the problem is necessarily the overpriced listings because even if they were priced lower, I dont see much on the market that CAR would even be interested in. The problem is she wants something that is in short supply now and generally is always in short supply. So if you want one of them, you end up paying a premium in the current market, whatever that is.

A major problem with that is that the incomes and desireability of this area have been permenantly altered IMO. I know lots of old timers around here and Encinitas/South Carlsbad was looked at as the boonies 20 years ago with not much going on. When I moved to Encinitas in 1997, it was nearly impossible to find a place that served dinner after 9PM. It is now a pretty upscale area (and I’m not just referring to home prices) but it wasnt always. More and more, you gotta be a Big Dog to get a prime property around.

[sdrealtor]

I dont think the problem is necessarily the overpriced listings because even if they were priced lower, I dont see much on the market that CAR would even be interested in. The problem is she wants something that is in short supply now and generally is always in short supply. So if you want one of them, you end up paying a premium in the current market, whatever that is.

A major problem with that is that the incomes and desireability of this area have been permenantly altered IMO. I know lots of old timers around here and Encinitas/South Carlsbad was looked at as the boonies 20 years ago with not much going on. When I moved to Encinitas in 1997, it was nearly impossible to find a place that served dinner after 9PM. It is now a pretty upscale area (and I’m not just referring to home prices) but it wasnt always. More and more, you gotta be a Big Dog to get a prime property around.

[sdrealtor]

I dont think the problem is necessarily the overpriced listings because even if they were priced lower, I dont see much on the market that CAR would even be interested in. The problem is she wants something that is in short supply now and generally is always in short supply. So if you want one of them, you end up paying a premium in the current market, whatever that is.

A major problem with that is that the incomes and desireability of this area have been permenantly altered IMO. I know lots of old timers around here and Encinitas/South Carlsbad was looked at as the boonies 20 years ago with not much going on. When I moved to Encinitas in 1997, it was nearly impossible to find a place that served dinner after 9PM. It is now a pretty upscale area (and I’m not just referring to home prices) but it wasnt always. More and more, you gotta be a Big Dog to get a prime property around.

[sdrealtor]

I dont think the problem is necessarily the overpriced listings because even if they were priced lower, I dont see much on the market that CAR would even be interested in. The problem is she wants something that is in short supply now and generally is always in short supply. So if you want one of them, you end up paying a premium in the current market, whatever that is.

A major problem with that is that the incomes and desireability of this area have been permenantly altered IMO. I know lots of old timers around here and Encinitas/South Carlsbad was looked at as the boonies 20 years ago with not much going on. When I moved to Encinitas in 1997, it was nearly impossible to find a place that served dinner after 9PM. It is now a pretty upscale area (and I’m not just referring to home prices) but it wasnt always. More and more, you gotta be a Big Dog to get a prime property around.

[CA renter]

[quote=sdrealtor]I’m not going to claim anything about the prices being reasonable because that is irrlevant. Most of your examples are big stretches for the following reasons:

1. Beach properties are a different animal and we know you arent looking for one any way.

2. I see lots of 1997 and 1998 prices which history has told us were the bottom of the prior cycle and not a good starting point.

3. These are asking prices and not sold prices. I can ask $1M for my pencil and be delusional.

You claimed that sellers were asking for 200% appreciation over 2000/2001 prices (which I think we both would agree were reasonably fair). When I look at prices IN THE AREAS I KNOW YOU ARE CONSIDERING (not the examples you data mine to fit your hyperbolic statements which are homes you arent even considering), I see home prices up about 66% from 2000/2001 not anything close to up 200%. I also dont see delusional sellers asking for 200% more than 2000/2001 prices in these areas.

[/quote]

1. No, we’re not considering Neptune, if that’s what you mean by “beach properties,” but we ARE considering coastal areas west of the 5, and have made a few offers in those areas over the years.

We cast a fairly wide net, and are looking at the total package and what we determine would be a reasonable value based on the house, lot, and location.

2. Yes, the bottom of the last cycle was generally in 1996-1998, depending on the specific area. It doesn’t mean we can’t see those prices again (in many places, they are seeing those prices). I’m not nearly as convinced as you are that we are suddenly “different” or “special” here. As a matter of fact, I’m fully convinced that if the Fed and govt hadn’t intervened via artificially low rates, foreclosure moratoriums, loan mods, bank bailouts, tax credits, etc.; we’d be seeing 1999-2001 prices in our areas as well.

3. As DWCAP already pointed out, when I refer to the delusional sellers, I’m referring to the current listings.

[CA renter]

[quote=sdrealtor]I’m not going to claim anything about the prices being reasonable because that is irrlevant. Most of your examples are big stretches for the following reasons:

1. Beach properties are a different animal and we know you arent looking for one any way.

2. I see lots of 1997 and 1998 prices which history has told us were the bottom of the prior cycle and not a good starting point.

3. These are asking prices and not sold prices. I can ask $1M for my pencil and be delusional.

You claimed that sellers were asking for 200% appreciation over 2000/2001 prices (which I think we both would agree were reasonably fair). When I look at prices IN THE AREAS I KNOW YOU ARE CONSIDERING (not the examples you data mine to fit your hyperbolic statements which are homes you arent even considering), I see home prices up about 66% from 2000/2001 not anything close to up 200%. I also dont see delusional sellers asking for 200% more than 2000/2001 prices in these areas.

[/quote]

1. No, we’re not considering Neptune, if that’s what you mean by “beach properties,” but we ARE considering coastal areas west of the 5, and have made a few offers in those areas over the years.

We cast a fairly wide net, and are looking at the total package and what we determine would be a reasonable value based on the house, lot, and location.

2. Yes, the bottom of the last cycle was generally in 1996-1998, depending on the specific area. It doesn’t mean we can’t see those prices again (in many places, they are seeing those prices). I’m not nearly as convinced as you are that we are suddenly “different” or “special” here. As a matter of fact, I’m fully convinced that if the Fed and govt hadn’t intervened via artificially low rates, foreclosure moratoriums, loan mods, bank bailouts, tax credits, etc.; we’d be seeing 1999-2001 prices in our areas as well.

3. As DWCAP already pointed out, when I refer to the delusional sellers, I’m referring to the current listings.

[CA renter]

[quote=sdrealtor]I’m not going to claim anything about the prices being reasonable because that is irrlevant. Most of your examples are big stretches for the following reasons:

1. Beach properties are a different animal and we know you arent looking for one any way.

2. I see lots of 1997 and 1998 prices which history has told us were the bottom of the prior cycle and not a good starting point.

3. These are asking prices and not sold prices. I can ask $1M for my pencil and be delusional.

You claimed that sellers were asking for 200% appreciation over 2000/2001 prices (which I think we both would agree were reasonably fair). When I look at prices IN THE AREAS I KNOW YOU ARE CONSIDERING (not the examples you data mine to fit your hyperbolic statements which are homes you arent even considering), I see home prices up about 66% from 2000/2001 not anything close to up 200%. I also dont see delusional sellers asking for 200% more than 2000/2001 prices in these areas.

[/quote]

1. No, we’re not considering Neptune, if that’s what you mean by “beach properties,” but we ARE considering coastal areas west of the 5, and have made a few offers in those areas over the years.

We cast a fairly wide net, and are looking at the total package and what we determine would be a reasonable value based on the house, lot, and location.

2. Yes, the bottom of the last cycle was generally in 1996-1998, depending on the specific area. It doesn’t mean we can’t see those prices again (in many places, they are seeing those prices). I’m not nearly as convinced as you are that we are suddenly “different” or “special” here. As a matter of fact, I’m fully convinced that if the Fed and govt hadn’t intervened via artificially low rates, foreclosure moratoriums, loan mods, bank bailouts, tax credits, etc.; we’d be seeing 1999-2001 prices in our areas as well.

3. As DWCAP already pointed out, when I refer to the delusional sellers, I’m referring to the current listings.

[CA renter]

[quote=sdrealtor]I’m not going to claim anything about the prices being reasonable because that is irrlevant. Most of your examples are big stretches for the following reasons:

1. Beach properties are a different animal and we know you arent looking for one any way.

2. I see lots of 1997 and 1998 prices which history has told us were the bottom of the prior cycle and not a good starting point.

3. These are asking prices and not sold prices. I can ask $1M for my pencil and be delusional.

You claimed that sellers were asking for 200% appreciation over 2000/2001 prices (which I think we both would agree were reasonably fair). When I look at prices IN THE AREAS I KNOW YOU ARE CONSIDERING (not the examples you data mine to fit your hyperbolic statements which are homes you arent even considering), I see home prices up about 66% from 2000/2001 not anything close to up 200%. I also dont see delusional sellers asking for 200% more than 2000/2001 prices in these areas.

[/quote]

1. No, we’re not considering Neptune, if that’s what you mean by “beach properties,” but we ARE considering coastal areas west of the 5, and have made a few offers in those areas over the years.

We cast a fairly wide net, and are looking at the total package and what we determine would be a reasonable value based on the house, lot, and location.

2. Yes, the bottom of the last cycle was generally in 1996-1998, depending on the specific area. It doesn’t mean we can’t see those prices again (in many places, they are seeing those prices). I’m not nearly as convinced as you are that we are suddenly “different” or “special” here. As a matter of fact, I’m fully convinced that if the Fed and govt hadn’t intervened via artificially low rates, foreclosure moratoriums, loan mods, bank bailouts, tax credits, etc.; we’d be seeing 1999-2001 prices in our areas as well.

3. As DWCAP already pointed out, when I refer to the delusional sellers, I’m referring to the current listings.

[Author]

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