You piggies make me sick.

[NotCranky]

My three year old is going around singing,
“Housing bubble what’s the trouble”
He really likes that video on youtube that was linked on a thread here.

Cracks me up all day. Catchy little tune.

[patientlywaiting]

sdnerd, yes, i think that homes in RSF will fall 60% because of principle of substitution.

If Temecula fall 60%, RSF might fall 40% then stagnate much longer while Temecula recovers. Over time, the real rate of change is the same.

Because RSF is the “ultimate” high-end a few property will still command astounding prices. But those property are outliers.

Think if it this way, Mercedes is X% more than Honda. If Honda drops prices, Mercedes will have to drop prices also. But the timing of the change will not be the same. Some rare models will still command outsized premiums.

The percentage premium of one neighborhood over another takes decades to change. Neighborhood A that is normally 4 times more than neighborhood D cannot suddenly go to 8 times more. That just does not make sense.

And as was said before, the bubble was less bubbly in the more expensive neighborhoods so the deflation will be less intense.

[patientlywaiting]

sdnerd, yes, i think that homes in RSF will fall 60% because of principle of substitution.

If Temecula fall 60%, RSF might fall 40% then stagnate much longer while Temecula recovers. Over time, the real rate of change is the same.

Because RSF is the “ultimate” high-end a few property will still command astounding prices. But those property are outliers.

Think if it this way, Mercedes is X% more than Honda. If Honda drops prices, Mercedes will have to drop prices also. But the timing of the change will not be the same. Some rare models will still command outsized premiums.

The percentage premium of one neighborhood over another takes decades to change. Neighborhood A that is normally 4 times more than neighborhood D cannot suddenly go to 8 times more. That just does not make sense.

And as was said before, the bubble was less bubbly in the more expensive neighborhoods so the deflation will be less intense.

[patientlywaiting]

sdnerd, yes, i think that homes in RSF will fall 60% because of principle of substitution.

If Temecula fall 60%, RSF might fall 40% then stagnate much longer while Temecula recovers. Over time, the real rate of change is the same.

Because RSF is the “ultimate” high-end a few property will still command astounding prices. But those property are outliers.

Think if it this way, Mercedes is X% more than Honda. If Honda drops prices, Mercedes will have to drop prices also. But the timing of the change will not be the same. Some rare models will still command outsized premiums.

The percentage premium of one neighborhood over another takes decades to change. Neighborhood A that is normally 4 times more than neighborhood D cannot suddenly go to 8 times more. That just does not make sense.

And as was said before, the bubble was less bubbly in the more expensive neighborhoods so the deflation will be less intense.

[patientlywaiting]

sdnerd, yes, i think that homes in RSF will fall 60% because of principle of substitution.

If Temecula fall 60%, RSF might fall 40% then stagnate much longer while Temecula recovers. Over time, the real rate of change is the same.

Because RSF is the “ultimate” high-end a few property will still command astounding prices. But those property are outliers.

Think if it this way, Mercedes is X% more than Honda. If Honda drops prices, Mercedes will have to drop prices also. But the timing of the change will not be the same. Some rare models will still command outsized premiums.

The percentage premium of one neighborhood over another takes decades to change. Neighborhood A that is normally 4 times more than neighborhood D cannot suddenly go to 8 times more. That just does not make sense.

And as was said before, the bubble was less bubbly in the more expensive neighborhoods so the deflation will be less intense.

[patientlywaiting]

sdnerd, yes, i think that homes in RSF will fall 60% because of principle of substitution.

If Temecula fall 60%, RSF might fall 40% then stagnate much longer while Temecula recovers. Over time, the real rate of change is the same.

Because RSF is the “ultimate” high-end a few property will still command astounding prices. But those property are outliers.

Think if it this way, Mercedes is X% more than Honda. If Honda drops prices, Mercedes will have to drop prices also. But the timing of the change will not be the same. Some rare models will still command outsized premiums.

The percentage premium of one neighborhood over another takes decades to change. Neighborhood A that is normally 4 times more than neighborhood D cannot suddenly go to 8 times more. That just does not make sense.

And as was said before, the bubble was less bubbly in the more expensive neighborhoods so the deflation will be less intense.

[sdnerd]

So it sounds like we are in agreement – if you wanted to buy in RSF, La Jolla, (insert prime area), etc anytime in the near future, you should not be expecting to do so at 60% off just because Temecula hits that level (should it).

I get the impression some people on this site do, as did the original poster that I was agreeing with.

Sound reasonable?

We could go on all day about different long term scenarios. If Honda drops it’s price, how long until Lamborgini has to drop theirs, etc.

[sdnerd]

So it sounds like we are in agreement – if you wanted to buy in RSF, La Jolla, (insert prime area), etc anytime in the near future, you should not be expecting to do so at 60% off just because Temecula hits that level (should it).

I get the impression some people on this site do, as did the original poster that I was agreeing with.

Sound reasonable?

We could go on all day about different long term scenarios. If Honda drops it’s price, how long until Lamborgini has to drop theirs, etc.

[sdnerd]

So it sounds like we are in agreement – if you wanted to buy in RSF, La Jolla, (insert prime area), etc anytime in the near future, you should not be expecting to do so at 60% off just because Temecula hits that level (should it).

I get the impression some people on this site do, as did the original poster that I was agreeing with.

Sound reasonable?

We could go on all day about different long term scenarios. If Honda drops it’s price, how long until Lamborgini has to drop theirs, etc.

[sdnerd]

So it sounds like we are in agreement – if you wanted to buy in RSF, La Jolla, (insert prime area), etc anytime in the near future, you should not be expecting to do so at 60% off just because Temecula hits that level (should it).

I get the impression some people on this site do, as did the original poster that I was agreeing with.

Sound reasonable?

We could go on all day about different long term scenarios. If Honda drops it’s price, how long until Lamborgini has to drop theirs, etc.

[sdnerd]

So it sounds like we are in agreement – if you wanted to buy in RSF, La Jolla, (insert prime area), etc anytime in the near future, you should not be expecting to do so at 60% off just because Temecula hits that level (should it).

I get the impression some people on this site do, as did the original poster that I was agreeing with.

Sound reasonable?

We could go on all day about different long term scenarios. If Honda drops it’s price, how long until Lamborgini has to drop theirs, etc.

[Coronita]

sdnerd, yes, i think that homes in RSF will fall 60% because of principle of substitution.

If Temecula fall 60%, RSF might fall 40% then stagnate much longer while Temecula recovers. Over time, the real rate of change is the same.

Because RSF is the "ultimate" high-end a few property will still command astounding prices. But those property are outliers.

Think if it this way, Mercedes is X% more than Honda. If Honda drops prices, Mercedes will have to drop prices also. But the timing of the change will not be the same. Some rare models will still command outsized premiums.

The percentage premium of one neighborhood over another takes decades to change. Neighborhood A that is normally 4 times more than neighborhood D cannot suddenly go to 8 times more. That just does not make sense.

And as was said before, the bubble was less bubbly in the more expensive neighborhoods so the deflation will be less intense.

 

No offense, that was a shitty analogy with cars. Just because manufacturer X drops a car price by 20% because it has a shitty product(s) doesn't translate into some other brand like doing the same. The big 3, for the longest time, had to through so many rebates into the cars they sell versus other makers. Some cars, no matter how low the price is, I wouldn't consider buying because they are fundamentally such shitty products and/or undesirable products. One could say the same about homes, with the possible exception that there is an "investment" component to homes that would make almost any home worth buying once that magic number is met. 

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

sdnerd, yes, i think that homes in RSF will fall 60% because of principle of substitution.

If Temecula fall 60%, RSF might fall 40% then stagnate much longer while Temecula recovers. Over time, the real rate of change is the same.

Because RSF is the "ultimate" high-end a few property will still command astounding prices. But those property are outliers.

Think if it this way, Mercedes is X% more than Honda. If Honda drops prices, Mercedes will have to drop prices also. But the timing of the change will not be the same. Some rare models will still command outsized premiums.

The percentage premium of one neighborhood over another takes decades to change. Neighborhood A that is normally 4 times more than neighborhood D cannot suddenly go to 8 times more. That just does not make sense.

And as was said before, the bubble was less bubbly in the more expensive neighborhoods so the deflation will be less intense.

 

No offense, that was a shitty analogy with cars. Just because manufacturer X drops a car price by 20% because it has a shitty product(s) doesn't translate into some other brand like doing the same. The big 3, for the longest time, had to through so many rebates into the cars they sell versus other makers. Some cars, no matter how low the price is, I wouldn't consider buying because they are fundamentally such shitty products and/or undesirable products. One could say the same about homes, with the possible exception that there is an "investment" component to homes that would make almost any home worth buying once that magic number is met. 

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

sdnerd, yes, i think that homes in RSF will fall 60% because of principle of substitution.

If Temecula fall 60%, RSF might fall 40% then stagnate much longer while Temecula recovers. Over time, the real rate of change is the same.

Because RSF is the "ultimate" high-end a few property will still command astounding prices. But those property are outliers.

Think if it this way, Mercedes is X% more than Honda. If Honda drops prices, Mercedes will have to drop prices also. But the timing of the change will not be the same. Some rare models will still command outsized premiums.

The percentage premium of one neighborhood over another takes decades to change. Neighborhood A that is normally 4 times more than neighborhood D cannot suddenly go to 8 times more. That just does not make sense.

And as was said before, the bubble was less bubbly in the more expensive neighborhoods so the deflation will be less intense.

 

No offense, that was a shitty analogy with cars. Just because manufacturer X drops a car price by 20% because it has a shitty product(s) doesn't translate into some other brand like doing the same. The big 3, for the longest time, had to through so many rebates into the cars they sell versus other makers. Some cars, no matter how low the price is, I wouldn't consider buying because they are fundamentally such shitty products and/or undesirable products. One could say the same about homes, with the possible exception that there is an "investment" component to homes that would make almost any home worth buying once that magic number is met. 

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

sdnerd, yes, i think that homes in RSF will fall 60% because of principle of substitution.

If Temecula fall 60%, RSF might fall 40% then stagnate much longer while Temecula recovers. Over time, the real rate of change is the same.

Because RSF is the "ultimate" high-end a few property will still command astounding prices. But those property are outliers.

Think if it this way, Mercedes is X% more than Honda. If Honda drops prices, Mercedes will have to drop prices also. But the timing of the change will not be the same. Some rare models will still command outsized premiums.

The percentage premium of one neighborhood over another takes decades to change. Neighborhood A that is normally 4 times more than neighborhood D cannot suddenly go to 8 times more. That just does not make sense.

And as was said before, the bubble was less bubbly in the more expensive neighborhoods so the deflation will be less intense.

 

No offense, that was a shitty analogy with cars. Just because manufacturer X drops a car price by 20% because it has a shitty product(s) doesn't translate into some other brand like doing the same. The big 3, for the longest time, had to through so many rebates into the cars they sell versus other makers. Some cars, no matter how low the price is, I wouldn't consider buying because they are fundamentally such shitty products and/or undesirable products. One could say the same about homes, with the possible exception that there is an "investment" component to homes that would make almost any home worth buying once that magic number is met. 

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Author]

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