When will be a good time to buy in san diego?

[j]

Watch the foreclosure data, because it will foretell the market.
http://www.foreclosureforum.com/stats.html

Remember we are only in year 3 of the correction; last time it took 7 years.

[jpinpb]

Wow! That was some chart. Did you see the yearly default numbers for 1982? Scary. I mean back in 1982 how many houses were there? Towns didn’t exist back then. No SEH, no Carmel Valley, no Foreclosure Ranch, no Del Servitude, no East Lake. Most of La Costa and Carlsbad didn’t exist. Back in 1982 downtown was for drug dealers and prostitutes, not high-rises. Yet that number was pretty huge.

[jpinpb]

Wow! That was some chart. Did you see the yearly default numbers for 1982? Scary. I mean back in 1982 how many houses were there? Towns didn’t exist back then. No SEH, no Carmel Valley, no Foreclosure Ranch, no Del Servitude, no East Lake. Most of La Costa and Carlsbad didn’t exist. Back in 1982 downtown was for drug dealers and prostitutes, not high-rises. Yet that number was pretty huge.

[jpinpb]

Wow! That was some chart. Did you see the yearly default numbers for 1982? Scary. I mean back in 1982 how many houses were there? Towns didn’t exist back then. No SEH, no Carmel Valley, no Foreclosure Ranch, no Del Servitude, no East Lake. Most of La Costa and Carlsbad didn’t exist. Back in 1982 downtown was for drug dealers and prostitutes, not high-rises. Yet that number was pretty huge.

[jpinpb]

Wow! That was some chart. Did you see the yearly default numbers for 1982? Scary. I mean back in 1982 how many houses were there? Towns didn’t exist back then. No SEH, no Carmel Valley, no Foreclosure Ranch, no Del Servitude, no East Lake. Most of La Costa and Carlsbad didn’t exist. Back in 1982 downtown was for drug dealers and prostitutes, not high-rises. Yet that number was pretty huge.

[jpinpb]

Wow! That was some chart. Did you see the yearly default numbers for 1982? Scary. I mean back in 1982 how many houses were there? Towns didn’t exist back then. No SEH, no Carmel Valley, no Foreclosure Ranch, no Del Servitude, no East Lake. Most of La Costa and Carlsbad didn’t exist. Back in 1982 downtown was for drug dealers and prostitutes, not high-rises. Yet that number was pretty huge.

[svelte]

Wow! That was some chart. Did you see the yearly default numbers for 1982? Scary. I mean back in 1982 how many houses were there?

The figure I found was about 321,000 housing units in 1980.

Therefore, the rate of foreclosure in 1983 was 321,000 (housing units in SD county in 1980) divided by 4071 ( foreclosures in 1983 from Innovest’s site) which yields 1 foreclosure for every 78 housing units.

I chose 1983 instead of 1982 because foreclosures appeared to be a little worse in 1983. Let’s compare that to San Diego county today.

The rate of foreclosure is 1,125,827 (housing units in SD county in 2006) divided by 13932 (March 2008’s 1161 foreclosures x 12) which yields 1 foreclosure for every 80 housing units.

1 in 78 houses foreclosed on in 1983.
1 in 80 houses foreclosed on in 2008 (projection).

Very similar! And 25 years apart.

[svelte]

Wow! That was some chart. Did you see the yearly default numbers for 1982? Scary. I mean back in 1982 how many houses were there?

The figure I found was about 321,000 housing units in 1980.

Therefore, the rate of foreclosure in 1983 was 321,000 (housing units in SD county in 1980) divided by 4071 ( foreclosures in 1983 from Innovest’s site) which yields 1 foreclosure for every 78 housing units.

I chose 1983 instead of 1982 because foreclosures appeared to be a little worse in 1983. Let’s compare that to San Diego county today.

The rate of foreclosure is 1,125,827 (housing units in SD county in 2006) divided by 13932 (March 2008’s 1161 foreclosures x 12) which yields 1 foreclosure for every 80 housing units.

1 in 78 houses foreclosed on in 1983.
1 in 80 houses foreclosed on in 2008 (projection).

Very similar! And 25 years apart.

[svelte]

Wow! That was some chart. Did you see the yearly default numbers for 1982? Scary. I mean back in 1982 how many houses were there?

The figure I found was about 321,000 housing units in 1980.

Therefore, the rate of foreclosure in 1983 was 321,000 (housing units in SD county in 1980) divided by 4071 ( foreclosures in 1983 from Innovest’s site) which yields 1 foreclosure for every 78 housing units.

I chose 1983 instead of 1982 because foreclosures appeared to be a little worse in 1983. Let’s compare that to San Diego county today.

The rate of foreclosure is 1,125,827 (housing units in SD county in 2006) divided by 13932 (March 2008’s 1161 foreclosures x 12) which yields 1 foreclosure for every 80 housing units.

1 in 78 houses foreclosed on in 1983.
1 in 80 houses foreclosed on in 2008 (projection).

Very similar! And 25 years apart.

[svelte]

Wow! That was some chart. Did you see the yearly default numbers for 1982? Scary. I mean back in 1982 how many houses were there?

The figure I found was about 321,000 housing units in 1980.

Therefore, the rate of foreclosure in 1983 was 321,000 (housing units in SD county in 1980) divided by 4071 ( foreclosures in 1983 from Innovest’s site) which yields 1 foreclosure for every 78 housing units.

I chose 1983 instead of 1982 because foreclosures appeared to be a little worse in 1983. Let’s compare that to San Diego county today.

The rate of foreclosure is 1,125,827 (housing units in SD county in 2006) divided by 13932 (March 2008’s 1161 foreclosures x 12) which yields 1 foreclosure for every 80 housing units.

1 in 78 houses foreclosed on in 1983.
1 in 80 houses foreclosed on in 2008 (projection).

Very similar! And 25 years apart.

[svelte]

Wow! That was some chart. Did you see the yearly default numbers for 1982? Scary. I mean back in 1982 how many houses were there?

The figure I found was about 321,000 housing units in 1980.

Therefore, the rate of foreclosure in 1983 was 321,000 (housing units in SD county in 1980) divided by 4071 ( foreclosures in 1983 from Innovest’s site) which yields 1 foreclosure for every 78 housing units.

I chose 1983 instead of 1982 because foreclosures appeared to be a little worse in 1983. Let’s compare that to San Diego county today.

The rate of foreclosure is 1,125,827 (housing units in SD county in 2006) divided by 13932 (March 2008’s 1161 foreclosures x 12) which yields 1 foreclosure for every 80 housing units.

1 in 78 houses foreclosed on in 1983.
1 in 80 houses foreclosed on in 2008 (projection).

Very similar! And 25 years apart.

[jpinpb]

svelte – at first I was looking at foreclosures, but I meant defaults in 1982, which makes sense b/c they would certainly turn into foreclosures by ’83. We’re looking at the same numbers, more or less.

KIM – back then we didn’t have the advent of combination teaser rates w/no money down w/no docs w/rampant investors w/co-erced appraisers, etc. etc.

But yes, similar. Some deja-vu going on for sure.

[jpinpb]

svelte – at first I was looking at foreclosures, but I meant defaults in 1982, which makes sense b/c they would certainly turn into foreclosures by ’83. We’re looking at the same numbers, more or less.

KIM – back then we didn’t have the advent of combination teaser rates w/no money down w/no docs w/rampant investors w/co-erced appraisers, etc. etc.

But yes, similar. Some deja-vu going on for sure.

[jpinpb]

svelte – at first I was looking at foreclosures, but I meant defaults in 1982, which makes sense b/c they would certainly turn into foreclosures by ’83. We’re looking at the same numbers, more or less.

KIM – back then we didn’t have the advent of combination teaser rates w/no money down w/no docs w/rampant investors w/co-erced appraisers, etc. etc.

But yes, similar. Some deja-vu going on for sure.

[jpinpb]

svelte – at first I was looking at foreclosures, but I meant defaults in 1982, which makes sense b/c they would certainly turn into foreclosures by ’83. We’re looking at the same numbers, more or less.

KIM – back then we didn’t have the advent of combination teaser rates w/no money down w/no docs w/rampant investors w/co-erced appraisers, etc. etc.

But yes, similar. Some deja-vu going on for sure.

[Author]

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