Wow. 47% Decline for San Diego

[fcepstein]

bsrsharma- well, you’re exactly right. I’ll be a believer (aka buyer) again when the Yellow and Blue lines in Rich’s Monthly San Diego Home Sales Per Default graph in his June Foreclosure Activity fall back on top of each other. I happen to be one of those Engineering geeks who believes numbers DON’T lie, at least not when they are well presented.

Another telling figure I look at is Price per Sq ft. I know half the readers here might dispute that as a somewhat “vanilla” stat, but it does track to rents pretty well. I to me, rents don’t lie either. Rent is what working people are able to pay over a long period. Until mortgages re-align with rents, the market still will have to correct itself.

[SD Realtor]

E thanks for pointing out my mistake which explains my misconception. Well if we do get to some of the median price to median FAMILY income ratios that you pointed out for 1999 in Scripps, CV etc… I for one will be quite happy. I still contend that I don’t see that happening but it is only an opinion. I feel like things such as uneven distribution of wealth, a much more depressed wage growth, and a potential for widespread socialization disguised as “our government knowing what’s best for us” will prevent that from happening but who knows.

I still see a pretty substantial drops coming, of that there is no doubt.

[SD Realtor]

E thanks for pointing out my mistake which explains my misconception. Well if we do get to some of the median price to median FAMILY income ratios that you pointed out for 1999 in Scripps, CV etc… I for one will be quite happy. I still contend that I don’t see that happening but it is only an opinion. I feel like things such as uneven distribution of wealth, a much more depressed wage growth, and a potential for widespread socialization disguised as “our government knowing what’s best for us” will prevent that from happening but who knows.

I still see a pretty substantial drops coming, of that there is no doubt.

[SD Realtor]

E thanks for pointing out my mistake which explains my misconception. Well if we do get to some of the median price to median FAMILY income ratios that you pointed out for 1999 in Scripps, CV etc… I for one will be quite happy. I still contend that I don’t see that happening but it is only an opinion. I feel like things such as uneven distribution of wealth, a much more depressed wage growth, and a potential for widespread socialization disguised as “our government knowing what’s best for us” will prevent that from happening but who knows.

I still see a pretty substantial drops coming, of that there is no doubt.

[SD Realtor]

E thanks for pointing out my mistake which explains my misconception. Well if we do get to some of the median price to median FAMILY income ratios that you pointed out for 1999 in Scripps, CV etc… I for one will be quite happy. I still contend that I don’t see that happening but it is only an opinion. I feel like things such as uneven distribution of wealth, a much more depressed wage growth, and a potential for widespread socialization disguised as “our government knowing what’s best for us” will prevent that from happening but who knows.

I still see a pretty substantial drops coming, of that there is no doubt.

[SD Realtor]

E thanks for pointing out my mistake which explains my misconception. Well if we do get to some of the median price to median FAMILY income ratios that you pointed out for 1999 in Scripps, CV etc… I for one will be quite happy. I still contend that I don’t see that happening but it is only an opinion. I feel like things such as uneven distribution of wealth, a much more depressed wage growth, and a potential for widespread socialization disguised as “our government knowing what’s best for us” will prevent that from happening but who knows.

I still see a pretty substantial drops coming, of that there is no doubt.

[(former)FormerSanDiegan]

[quote=sdnativeson]47% decline? How much was the appreciation runup? 100%,150%, 200%? If the market is going to become “affordable” to the “average” San Diegan 47% isn’t close.
[/quote]

Well, if prices increased by 100%, then dropped by 47% they’d be just about right back where they started now wouldn’t they ?

[(former)FormerSanDiegan]

[quote=sdnativeson]47% decline? How much was the appreciation runup? 100%,150%, 200%? If the market is going to become “affordable” to the “average” San Diegan 47% isn’t close.
[/quote]

Well, if prices increased by 100%, then dropped by 47% they’d be just about right back where they started now wouldn’t they ?

[(former)FormerSanDiegan]

[quote=sdnativeson]47% decline? How much was the appreciation runup? 100%,150%, 200%? If the market is going to become “affordable” to the “average” San Diegan 47% isn’t close.
[/quote]

Well, if prices increased by 100%, then dropped by 47% they’d be just about right back where they started now wouldn’t they ?

[(former)FormerSanDiegan]

[quote=sdnativeson]47% decline? How much was the appreciation runup? 100%,150%, 200%? If the market is going to become “affordable” to the “average” San Diegan 47% isn’t close.
[/quote]

Well, if prices increased by 100%, then dropped by 47% they’d be just about right back where they started now wouldn’t they ?

[(former)FormerSanDiegan]

[quote=sdnativeson]47% decline? How much was the appreciation runup? 100%,150%, 200%? If the market is going to become “affordable” to the “average” San Diegan 47% isn’t close.
[/quote]

Well, if prices increased by 100%, then dropped by 47% they’d be just about right back where they started now wouldn’t they ?

[Anonymous]

This site is very useful for the people who are inrtrested in real estates and who want to buy their own houses.
====================================
peterheins
WoW Gold

[Anonymous]

This site is very useful for the people who are inrtrested in real estates and who want to buy their own houses.
====================================
peterheins
WoW Gold

[Anonymous]

This site is very useful for the people who are inrtrested in real estates and who want to buy their own houses.
====================================
peterheins
WoW Gold

[Anonymous]

This site is very useful for the people who are inrtrested in real estates and who want to buy their own houses.
====================================
peterheins
WoW Gold

[Author]

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