What are your thoughts? Housing going UP or DOWN?

[sdrealtor]

And one of my childhood friends trained as a lawyer but does not work as one either. He does however happen to be Lebron James agent so I dont think we’ll see him working as a concrete mason or auto mechanic anytime soon. College isnt overated and is about opening doors to the world that some take advantage of while others do not. Just like some with law degrees never practice law, some with trades dont practice their trade.

[Aecetia]

I agree with flu. I think Southern California will come down and San Fransisco will probably go up, unless of course it falls off into the ocean. If that happens there will be many construction jobs for awhile, until the next big problem.

[Aecetia]

I agree with flu. I think Southern California will come down and San Fransisco will probably go up, unless of course it falls off into the ocean. If that happens there will be many construction jobs for awhile, until the next big problem.

[Aecetia]

I agree with flu. I think Southern California will come down and San Fransisco will probably go up, unless of course it falls off into the ocean. If that happens there will be many construction jobs for awhile, until the next big problem.

[Aecetia]

I agree with flu. I think Southern California will come down and San Fransisco will probably go up, unless of course it falls off into the ocean. If that happens there will be many construction jobs for awhile, until the next big problem.

[Aecetia]

I agree with flu. I think Southern California will come down and San Fransisco will probably go up, unless of course it falls off into the ocean. If that happens there will be many construction jobs for awhile, until the next big problem.

[Coronita]

[quote=Aecetia]I agree with flu. I think Southern California will come down and San Fransisco will probably go up, unless of course it falls off into the ocean. If that happens there will be many construction jobs for awhile, until the next big problem.[/quote]

My thought behind Bay Area is as follows: unlike in Southern CA (specifically in San Diego)…there is (and forever will be) a shortage of housing in Bay Area..There isn’t as much free open space to build new construction, and unless Bay Area stops being tech hub, which it isn’t in a foreseeable future, it’s always going to have a flow of people and businesses that go through the boom-bust-boom cycle.

When/if the government funded sectors shrink(defense companies/etc), folks are going to start trying to get back into the private sector/tech, and the job market isn’t nearly as bad in bay area as it is elsewhere right now. Imho, you can bet that defense companies are going to go through a cycle similar to the early 80ies, and a lot of these folks are going to be moving into other non-defense tech areas, like in the 80ies.

Bay Area also lures the younger, out of school crowd, because only in Bay Area can you hop around so much and gain a lot of experience…It’s not so flexible for new grads down here in S.D…And you are limiting your career by staying here as a new grad.. L.A. not much of a scene if you are into tech, unless you enjoy being a defense enginerd (which I haven’t met anyone who said they were…but rather they do it out of necessity)..

The VC scene down here in San Diego isn’t quite as active right now down here versu in the north right now either. Nor are VC’s really looking to invest into tech down here right now.

And when I refer to Bay Area, I refer to between
San Francisco and all the way to northern San Jose, with the exception to parts of East Bay and East Palo Alto….not off-locations like Gilroy.

My hole in the dump Santa Clara home has a still pretty good sizeable demand if it were to be sold, and it’s currently renting no where near what it could rent down here…And it’s a dump…But up there, people are use to paying a lot for a dump lol….

[Coronita]

[quote=Aecetia]I agree with flu. I think Southern California will come down and San Fransisco will probably go up, unless of course it falls off into the ocean. If that happens there will be many construction jobs for awhile, until the next big problem.[/quote]

My thought behind Bay Area is as follows: unlike in Southern CA (specifically in San Diego)…there is (and forever will be) a shortage of housing in Bay Area..There isn’t as much free open space to build new construction, and unless Bay Area stops being tech hub, which it isn’t in a foreseeable future, it’s always going to have a flow of people and businesses that go through the boom-bust-boom cycle.

When/if the government funded sectors shrink(defense companies/etc), folks are going to start trying to get back into the private sector/tech, and the job market isn’t nearly as bad in bay area as it is elsewhere right now. Imho, you can bet that defense companies are going to go through a cycle similar to the early 80ies, and a lot of these folks are going to be moving into other non-defense tech areas, like in the 80ies.

Bay Area also lures the younger, out of school crowd, because only in Bay Area can you hop around so much and gain a lot of experience…It’s not so flexible for new grads down here in S.D…And you are limiting your career by staying here as a new grad.. L.A. not much of a scene if you are into tech, unless you enjoy being a defense enginerd (which I haven’t met anyone who said they were…but rather they do it out of necessity)..

The VC scene down here in San Diego isn’t quite as active right now down here versu in the north right now either. Nor are VC’s really looking to invest into tech down here right now.

And when I refer to Bay Area, I refer to between
San Francisco and all the way to northern San Jose, with the exception to parts of East Bay and East Palo Alto….not off-locations like Gilroy.

My hole in the dump Santa Clara home has a still pretty good sizeable demand if it were to be sold, and it’s currently renting no where near what it could rent down here…And it’s a dump…But up there, people are use to paying a lot for a dump lol….

[Coronita]

[quote=Aecetia]I agree with flu. I think Southern California will come down and San Fransisco will probably go up, unless of course it falls off into the ocean. If that happens there will be many construction jobs for awhile, until the next big problem.[/quote]

My thought behind Bay Area is as follows: unlike in Southern CA (specifically in San Diego)…there is (and forever will be) a shortage of housing in Bay Area..There isn’t as much free open space to build new construction, and unless Bay Area stops being tech hub, which it isn’t in a foreseeable future, it’s always going to have a flow of people and businesses that go through the boom-bust-boom cycle.

When/if the government funded sectors shrink(defense companies/etc), folks are going to start trying to get back into the private sector/tech, and the job market isn’t nearly as bad in bay area as it is elsewhere right now. Imho, you can bet that defense companies are going to go through a cycle similar to the early 80ies, and a lot of these folks are going to be moving into other non-defense tech areas, like in the 80ies.

Bay Area also lures the younger, out of school crowd, because only in Bay Area can you hop around so much and gain a lot of experience…It’s not so flexible for new grads down here in S.D…And you are limiting your career by staying here as a new grad.. L.A. not much of a scene if you are into tech, unless you enjoy being a defense enginerd (which I haven’t met anyone who said they were…but rather they do it out of necessity)..

The VC scene down here in San Diego isn’t quite as active right now down here versu in the north right now either. Nor are VC’s really looking to invest into tech down here right now.

And when I refer to Bay Area, I refer to between
San Francisco and all the way to northern San Jose, with the exception to parts of East Bay and East Palo Alto….not off-locations like Gilroy.

My hole in the dump Santa Clara home has a still pretty good sizeable demand if it were to be sold, and it’s currently renting no where near what it could rent down here…And it’s a dump…But up there, people are use to paying a lot for a dump lol….

[Coronita]

[quote=Aecetia]I agree with flu. I think Southern California will come down and San Fransisco will probably go up, unless of course it falls off into the ocean. If that happens there will be many construction jobs for awhile, until the next big problem.[/quote]

My thought behind Bay Area is as follows: unlike in Southern CA (specifically in San Diego)…there is (and forever will be) a shortage of housing in Bay Area..There isn’t as much free open space to build new construction, and unless Bay Area stops being tech hub, which it isn’t in a foreseeable future, it’s always going to have a flow of people and businesses that go through the boom-bust-boom cycle.

When/if the government funded sectors shrink(defense companies/etc), folks are going to start trying to get back into the private sector/tech, and the job market isn’t nearly as bad in bay area as it is elsewhere right now. Imho, you can bet that defense companies are going to go through a cycle similar to the early 80ies, and a lot of these folks are going to be moving into other non-defense tech areas, like in the 80ies.

Bay Area also lures the younger, out of school crowd, because only in Bay Area can you hop around so much and gain a lot of experience…It’s not so flexible for new grads down here in S.D…And you are limiting your career by staying here as a new grad.. L.A. not much of a scene if you are into tech, unless you enjoy being a defense enginerd (which I haven’t met anyone who said they were…but rather they do it out of necessity)..

The VC scene down here in San Diego isn’t quite as active right now down here versu in the north right now either. Nor are VC’s really looking to invest into tech down here right now.

And when I refer to Bay Area, I refer to between
San Francisco and all the way to northern San Jose, with the exception to parts of East Bay and East Palo Alto….not off-locations like Gilroy.

My hole in the dump Santa Clara home has a still pretty good sizeable demand if it were to be sold, and it’s currently renting no where near what it could rent down here…And it’s a dump…But up there, people are use to paying a lot for a dump lol….

[Coronita]

[quote=Aecetia]I agree with flu. I think Southern California will come down and San Fransisco will probably go up, unless of course it falls off into the ocean. If that happens there will be many construction jobs for awhile, until the next big problem.[/quote]

My thought behind Bay Area is as follows: unlike in Southern CA (specifically in San Diego)…there is (and forever will be) a shortage of housing in Bay Area..There isn’t as much free open space to build new construction, and unless Bay Area stops being tech hub, which it isn’t in a foreseeable future, it’s always going to have a flow of people and businesses that go through the boom-bust-boom cycle.

When/if the government funded sectors shrink(defense companies/etc), folks are going to start trying to get back into the private sector/tech, and the job market isn’t nearly as bad in bay area as it is elsewhere right now. Imho, you can bet that defense companies are going to go through a cycle similar to the early 80ies, and a lot of these folks are going to be moving into other non-defense tech areas, like in the 80ies.

Bay Area also lures the younger, out of school crowd, because only in Bay Area can you hop around so much and gain a lot of experience…It’s not so flexible for new grads down here in S.D…And you are limiting your career by staying here as a new grad.. L.A. not much of a scene if you are into tech, unless you enjoy being a defense enginerd (which I haven’t met anyone who said they were…but rather they do it out of necessity)..

The VC scene down here in San Diego isn’t quite as active right now down here versu in the north right now either. Nor are VC’s really looking to invest into tech down here right now.

And when I refer to Bay Area, I refer to between
San Francisco and all the way to northern San Jose, with the exception to parts of East Bay and East Palo Alto….not off-locations like Gilroy.

My hole in the dump Santa Clara home has a still pretty good sizeable demand if it were to be sold, and it’s currently renting no where near what it could rent down here…And it’s a dump…But up there, people are use to paying a lot for a dump lol….

[CA renter]

[quote=sdrealtor]BG
Again I never claimed it would save the mid to upper housing market. It is all additive and no one can deny that it will have an impact. How much we dont know. I said they “only children” and admitted not everyone is an only child. I also said that my examples are skewed to the upper mid/high end as that is where and who I meet socially. I also said that people whose parent live in lower priced ZIP are likely to buy lower priced homes. I dont get what points you are contesting as I already pointed out all the possibilities yopu mentioned.

My biggest issue is the most bearish pick apart each example as not being capable of solving our problems but dont make an allowance for all of the examples being additive on a collective. Every little but helps and there are lots of little bits coming from different directions. We dotn need one thing to solve the ills of our economic downturns we need lots of things coming together. I try to point out each brick in the wall as I come upon them.[/quote]

sdr,

Inheritance is certainly one possible way for people to obtain enough money to prop up housing prices…however, I’d guess that a lot of that “Greatest Generation” money is tied up in housing. In order for the kids to get to the money, they have to sell a house, and if they’re going to be getting ~$1MM+, chances are the houses they sell will be in “desirable” neighborhoods. Essentially, while they might be willing to buy an expensive house with their new-found cash, they will most likely have to sell another one in order to do it, which means that it’s really not a net gain in demand.

[CA renter]

[quote=sdrealtor]BG
Again I never claimed it would save the mid to upper housing market. It is all additive and no one can deny that it will have an impact. How much we dont know. I said they “only children” and admitted not everyone is an only child. I also said that my examples are skewed to the upper mid/high end as that is where and who I meet socially. I also said that people whose parent live in lower priced ZIP are likely to buy lower priced homes. I dont get what points you are contesting as I already pointed out all the possibilities yopu mentioned.

My biggest issue is the most bearish pick apart each example as not being capable of solving our problems but dont make an allowance for all of the examples being additive on a collective. Every little but helps and there are lots of little bits coming from different directions. We dotn need one thing to solve the ills of our economic downturns we need lots of things coming together. I try to point out each brick in the wall as I come upon them.[/quote]

sdr,

Inheritance is certainly one possible way for people to obtain enough money to prop up housing prices…however, I’d guess that a lot of that “Greatest Generation” money is tied up in housing. In order for the kids to get to the money, they have to sell a house, and if they’re going to be getting ~$1MM+, chances are the houses they sell will be in “desirable” neighborhoods. Essentially, while they might be willing to buy an expensive house with their new-found cash, they will most likely have to sell another one in order to do it, which means that it’s really not a net gain in demand.

[CA renter]

[quote=sdrealtor]BG
Again I never claimed it would save the mid to upper housing market. It is all additive and no one can deny that it will have an impact. How much we dont know. I said they “only children” and admitted not everyone is an only child. I also said that my examples are skewed to the upper mid/high end as that is where and who I meet socially. I also said that people whose parent live in lower priced ZIP are likely to buy lower priced homes. I dont get what points you are contesting as I already pointed out all the possibilities yopu mentioned.

My biggest issue is the most bearish pick apart each example as not being capable of solving our problems but dont make an allowance for all of the examples being additive on a collective. Every little but helps and there are lots of little bits coming from different directions. We dotn need one thing to solve the ills of our economic downturns we need lots of things coming together. I try to point out each brick in the wall as I come upon them.[/quote]

sdr,

Inheritance is certainly one possible way for people to obtain enough money to prop up housing prices…however, I’d guess that a lot of that “Greatest Generation” money is tied up in housing. In order for the kids to get to the money, they have to sell a house, and if they’re going to be getting ~$1MM+, chances are the houses they sell will be in “desirable” neighborhoods. Essentially, while they might be willing to buy an expensive house with their new-found cash, they will most likely have to sell another one in order to do it, which means that it’s really not a net gain in demand.

[CA renter]

[quote=sdrealtor]BG
Again I never claimed it would save the mid to upper housing market. It is all additive and no one can deny that it will have an impact. How much we dont know. I said they “only children” and admitted not everyone is an only child. I also said that my examples are skewed to the upper mid/high end as that is where and who I meet socially. I also said that people whose parent live in lower priced ZIP are likely to buy lower priced homes. I dont get what points you are contesting as I already pointed out all the possibilities yopu mentioned.

My biggest issue is the most bearish pick apart each example as not being capable of solving our problems but dont make an allowance for all of the examples being additive on a collective. Every little but helps and there are lots of little bits coming from different directions. We dotn need one thing to solve the ills of our economic downturns we need lots of things coming together. I try to point out each brick in the wall as I come upon them.[/quote]

sdr,

Inheritance is certainly one possible way for people to obtain enough money to prop up housing prices…however, I’d guess that a lot of that “Greatest Generation” money is tied up in housing. In order for the kids to get to the money, they have to sell a house, and if they’re going to be getting ~$1MM+, chances are the houses they sell will be in “desirable” neighborhoods. Essentially, while they might be willing to buy an expensive house with their new-found cash, they will most likely have to sell another one in order to do it, which means that it’s really not a net gain in demand.

[Author]

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