We’ve hit bottom and RE is looking golden again

[Bugs]

BTW – the appraisal I was talking about a few posts up isn’t for a San Diego county property. That property was located in the O.C., and is within 3 miles of 4 freeway junctions. You just about can’t get much more central than this. We’re not talking about some property that is in some ghetto or is out in the sticks.

[jpinpb]

So I guess O.C. is doing about as well as S.D. The range I’ve seen is between 10% and 30%.

[jpinpb]

So I guess O.C. is doing about as well as S.D. The range I’ve seen is between 10% and 30%.

[jpinpb]

So I guess O.C. is doing about as well as S.D. The range I’ve seen is between 10% and 30%.

[jpinpb]

So I guess O.C. is doing about as well as S.D. The range I’ve seen is between 10% and 30%.

[jpinpb]

So I guess O.C. is doing about as well as S.D. The range I’ve seen is between 10% and 30%.

[Bugs]

Based on what other appraisers have told me as well as what I’ve been seeing, the OC entered into decline well after we were already in it. I think what’s happening right now is they’re playing catch-up.

[Bugs]

Based on what other appraisers have told me as well as what I’ve been seeing, the OC entered into decline well after we were already in it. I think what’s happening right now is they’re playing catch-up.

[Bugs]

Based on what other appraisers have told me as well as what I’ve been seeing, the OC entered into decline well after we were already in it. I think what’s happening right now is they’re playing catch-up.

[Bugs]

Based on what other appraisers have told me as well as what I’ve been seeing, the OC entered into decline well after we were already in it. I think what’s happening right now is they’re playing catch-up.

[Bugs]

Based on what other appraisers have told me as well as what I’ve been seeing, the OC entered into decline well after we were already in it. I think what’s happening right now is they’re playing catch-up.

[unbiasedobserver]

Guys relax, the escalade-driving soccer moms have moved on from their christmas-shopping frenzy highs in december onto their get-rich through real estate by brow-beating their husbands-to-death buying dreams. Same thing happens every year. Last year the Pigs reported almost mob scenes at open houses/new home communities throughout February (go look through the threads if you don’t remember), followed by the spring thud. I personally won’t attend an open house or even pick up a flyer until prices approach sane levels again, it just adds to the mob mentality which is now shifting to picking up cheap foreclosures before the big turnaround. I’m not going to worry about missing the bottom until NODs/NOTS start to drop off which I don’t expect for at least 3-5 years at the earliest.

[unbiasedobserver]

Guys relax, the escalade-driving soccer moms have moved on from their christmas-shopping frenzy highs in december onto their get-rich through real estate by brow-beating their husbands-to-death buying dreams. Same thing happens every year. Last year the Pigs reported almost mob scenes at open houses/new home communities throughout February (go look through the threads if you don’t remember), followed by the spring thud. I personally won’t attend an open house or even pick up a flyer until prices approach sane levels again, it just adds to the mob mentality which is now shifting to picking up cheap foreclosures before the big turnaround. I’m not going to worry about missing the bottom until NODs/NOTS start to drop off which I don’t expect for at least 3-5 years at the earliest.

[unbiasedobserver]

Guys relax, the escalade-driving soccer moms have moved on from their christmas-shopping frenzy highs in december onto their get-rich through real estate by brow-beating their husbands-to-death buying dreams. Same thing happens every year. Last year the Pigs reported almost mob scenes at open houses/new home communities throughout February (go look through the threads if you don’t remember), followed by the spring thud. I personally won’t attend an open house or even pick up a flyer until prices approach sane levels again, it just adds to the mob mentality which is now shifting to picking up cheap foreclosures before the big turnaround. I’m not going to worry about missing the bottom until NODs/NOTS start to drop off which I don’t expect for at least 3-5 years at the earliest.

[unbiasedobserver]

Guys relax, the escalade-driving soccer moms have moved on from their christmas-shopping frenzy highs in december onto their get-rich through real estate by brow-beating their husbands-to-death buying dreams. Same thing happens every year. Last year the Pigs reported almost mob scenes at open houses/new home communities throughout February (go look through the threads if you don’t remember), followed by the spring thud. I personally won’t attend an open house or even pick up a flyer until prices approach sane levels again, it just adds to the mob mentality which is now shifting to picking up cheap foreclosures before the big turnaround. I’m not going to worry about missing the bottom until NODs/NOTS start to drop off which I don’t expect for at least 3-5 years at the earliest.

[Author]

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