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March 14, 2008 at 7:40 AM #169767March 14, 2008 at 7:42 AM #169336Alex_angelParticipant
TEMECULA IS NOT SAN DIEGO!!!! IF TEMECULA FALLS OFF OF THE MAP IT WON’T AFFECT SAN DIEGO!!!! TEMECULA IS LIKE A WART ON THE ASS OF SAN DIEGO.
March 14, 2008 at 7:42 AM #169667Alex_angelParticipantTEMECULA IS NOT SAN DIEGO!!!! IF TEMECULA FALLS OFF OF THE MAP IT WON’T AFFECT SAN DIEGO!!!! TEMECULA IS LIKE A WART ON THE ASS OF SAN DIEGO.
March 14, 2008 at 7:42 AM #169672Alex_angelParticipantTEMECULA IS NOT SAN DIEGO!!!! IF TEMECULA FALLS OFF OF THE MAP IT WON’T AFFECT SAN DIEGO!!!! TEMECULA IS LIKE A WART ON THE ASS OF SAN DIEGO.
March 14, 2008 at 7:42 AM #169695Alex_angelParticipantTEMECULA IS NOT SAN DIEGO!!!! IF TEMECULA FALLS OFF OF THE MAP IT WON’T AFFECT SAN DIEGO!!!! TEMECULA IS LIKE A WART ON THE ASS OF SAN DIEGO.
March 14, 2008 at 7:42 AM #169772Alex_angelParticipantTEMECULA IS NOT SAN DIEGO!!!! IF TEMECULA FALLS OFF OF THE MAP IT WON’T AFFECT SAN DIEGO!!!! TEMECULA IS LIKE A WART ON THE ASS OF SAN DIEGO.
March 14, 2008 at 8:16 AM #169347jpinpbParticipantSounds like sdnerd is saying the prime areas such as RSF, LJ and the coast will not come down as much as other areas, being more coveted. Someone else said that the outer areas just went up higher than the coastal.
Now some of this makes sense. If, say, in 2001 the median home was 200k or 250k, say, like in Clairemont, and at the peak the median was, what? 525k? something like that. Then I am not going to be too shocked if when it’s all said and done, the price goes down to close to 250k. Some of the areas of Clairemont are at 300k or thereabouts already. And we have more defaults and foreclosures and credit standards to deal with.
However, the assumption was that desireable areas didn’t go up as much. I have seen condos in PB in 2001, say the Plaza, go from 100k to 300k, the newer townhomes went from 300k to 700k. I have seen little houses in PB in 2001 selling for 450k (I can think of one beautiful one on Law St). At the peak, the average house in PB was selling for 850k+. I would think that the price would come down and adjust to maybe 500k or so. But I definitely see resistance and almost immunity. I saw the place on Emerald last year sell for 625k and now just sell for 710k.
If I believe the information on this board, it will just take a little longer for the downward pressure to get to the coast and the people that just bought that place caught a knife flying in the air, not even falling.
March 14, 2008 at 8:16 AM #169678jpinpbParticipantSounds like sdnerd is saying the prime areas such as RSF, LJ and the coast will not come down as much as other areas, being more coveted. Someone else said that the outer areas just went up higher than the coastal.
Now some of this makes sense. If, say, in 2001 the median home was 200k or 250k, say, like in Clairemont, and at the peak the median was, what? 525k? something like that. Then I am not going to be too shocked if when it’s all said and done, the price goes down to close to 250k. Some of the areas of Clairemont are at 300k or thereabouts already. And we have more defaults and foreclosures and credit standards to deal with.
However, the assumption was that desireable areas didn’t go up as much. I have seen condos in PB in 2001, say the Plaza, go from 100k to 300k, the newer townhomes went from 300k to 700k. I have seen little houses in PB in 2001 selling for 450k (I can think of one beautiful one on Law St). At the peak, the average house in PB was selling for 850k+. I would think that the price would come down and adjust to maybe 500k or so. But I definitely see resistance and almost immunity. I saw the place on Emerald last year sell for 625k and now just sell for 710k.
If I believe the information on this board, it will just take a little longer for the downward pressure to get to the coast and the people that just bought that place caught a knife flying in the air, not even falling.
March 14, 2008 at 8:16 AM #169684jpinpbParticipantSounds like sdnerd is saying the prime areas such as RSF, LJ and the coast will not come down as much as other areas, being more coveted. Someone else said that the outer areas just went up higher than the coastal.
Now some of this makes sense. If, say, in 2001 the median home was 200k or 250k, say, like in Clairemont, and at the peak the median was, what? 525k? something like that. Then I am not going to be too shocked if when it’s all said and done, the price goes down to close to 250k. Some of the areas of Clairemont are at 300k or thereabouts already. And we have more defaults and foreclosures and credit standards to deal with.
However, the assumption was that desireable areas didn’t go up as much. I have seen condos in PB in 2001, say the Plaza, go from 100k to 300k, the newer townhomes went from 300k to 700k. I have seen little houses in PB in 2001 selling for 450k (I can think of one beautiful one on Law St). At the peak, the average house in PB was selling for 850k+. I would think that the price would come down and adjust to maybe 500k or so. But I definitely see resistance and almost immunity. I saw the place on Emerald last year sell for 625k and now just sell for 710k.
If I believe the information on this board, it will just take a little longer for the downward pressure to get to the coast and the people that just bought that place caught a knife flying in the air, not even falling.
March 14, 2008 at 8:16 AM #169705jpinpbParticipantSounds like sdnerd is saying the prime areas such as RSF, LJ and the coast will not come down as much as other areas, being more coveted. Someone else said that the outer areas just went up higher than the coastal.
Now some of this makes sense. If, say, in 2001 the median home was 200k or 250k, say, like in Clairemont, and at the peak the median was, what? 525k? something like that. Then I am not going to be too shocked if when it’s all said and done, the price goes down to close to 250k. Some of the areas of Clairemont are at 300k or thereabouts already. And we have more defaults and foreclosures and credit standards to deal with.
However, the assumption was that desireable areas didn’t go up as much. I have seen condos in PB in 2001, say the Plaza, go from 100k to 300k, the newer townhomes went from 300k to 700k. I have seen little houses in PB in 2001 selling for 450k (I can think of one beautiful one on Law St). At the peak, the average house in PB was selling for 850k+. I would think that the price would come down and adjust to maybe 500k or so. But I definitely see resistance and almost immunity. I saw the place on Emerald last year sell for 625k and now just sell for 710k.
If I believe the information on this board, it will just take a little longer for the downward pressure to get to the coast and the people that just bought that place caught a knife flying in the air, not even falling.
March 14, 2008 at 8:16 AM #169782jpinpbParticipantSounds like sdnerd is saying the prime areas such as RSF, LJ and the coast will not come down as much as other areas, being more coveted. Someone else said that the outer areas just went up higher than the coastal.
Now some of this makes sense. If, say, in 2001 the median home was 200k or 250k, say, like in Clairemont, and at the peak the median was, what? 525k? something like that. Then I am not going to be too shocked if when it’s all said and done, the price goes down to close to 250k. Some of the areas of Clairemont are at 300k or thereabouts already. And we have more defaults and foreclosures and credit standards to deal with.
However, the assumption was that desireable areas didn’t go up as much. I have seen condos in PB in 2001, say the Plaza, go from 100k to 300k, the newer townhomes went from 300k to 700k. I have seen little houses in PB in 2001 selling for 450k (I can think of one beautiful one on Law St). At the peak, the average house in PB was selling for 850k+. I would think that the price would come down and adjust to maybe 500k or so. But I definitely see resistance and almost immunity. I saw the place on Emerald last year sell for 625k and now just sell for 710k.
If I believe the information on this board, it will just take a little longer for the downward pressure to get to the coast and the people that just bought that place caught a knife flying in the air, not even falling.
March 14, 2008 at 8:46 AM #169374BugsParticipantI’m on record as saying I think it’s all connected, but the connections between these various areas are indirect, not direct. An average includes the highs and the lows. Just be the sheer volume of buyers and sellers, the lower priced markets dwarf the highest priced markets. Enough so that I don’t think whatever happens in RSF and Fairbanks has any effect on the Countywide medians. There just aren’t enough of those sales to make a difference.
In the RSF zip area of 92067 there were only 116 sales of SFRs and condos in the MLS for all of 2007. Even though 2007 was a really bad year for sales in the County the 116 sales is literally just a drop in the bucket of the 25,000 sales that during the year.
If an RSF home drops by 30% I would consider that to be a massive adjustment for its market segment. I’d be pretty shocked if RSF dropped by 40%. Never say never, but I think it’s unlikely.
March 14, 2008 at 8:46 AM #169704BugsParticipantI’m on record as saying I think it’s all connected, but the connections between these various areas are indirect, not direct. An average includes the highs and the lows. Just be the sheer volume of buyers and sellers, the lower priced markets dwarf the highest priced markets. Enough so that I don’t think whatever happens in RSF and Fairbanks has any effect on the Countywide medians. There just aren’t enough of those sales to make a difference.
In the RSF zip area of 92067 there were only 116 sales of SFRs and condos in the MLS for all of 2007. Even though 2007 was a really bad year for sales in the County the 116 sales is literally just a drop in the bucket of the 25,000 sales that during the year.
If an RSF home drops by 30% I would consider that to be a massive adjustment for its market segment. I’d be pretty shocked if RSF dropped by 40%. Never say never, but I think it’s unlikely.
March 14, 2008 at 8:46 AM #169708BugsParticipantI’m on record as saying I think it’s all connected, but the connections between these various areas are indirect, not direct. An average includes the highs and the lows. Just be the sheer volume of buyers and sellers, the lower priced markets dwarf the highest priced markets. Enough so that I don’t think whatever happens in RSF and Fairbanks has any effect on the Countywide medians. There just aren’t enough of those sales to make a difference.
In the RSF zip area of 92067 there were only 116 sales of SFRs and condos in the MLS for all of 2007. Even though 2007 was a really bad year for sales in the County the 116 sales is literally just a drop in the bucket of the 25,000 sales that during the year.
If an RSF home drops by 30% I would consider that to be a massive adjustment for its market segment. I’d be pretty shocked if RSF dropped by 40%. Never say never, but I think it’s unlikely.
March 14, 2008 at 8:46 AM #169730BugsParticipantI’m on record as saying I think it’s all connected, but the connections between these various areas are indirect, not direct. An average includes the highs and the lows. Just be the sheer volume of buyers and sellers, the lower priced markets dwarf the highest priced markets. Enough so that I don’t think whatever happens in RSF and Fairbanks has any effect on the Countywide medians. There just aren’t enough of those sales to make a difference.
In the RSF zip area of 92067 there were only 116 sales of SFRs and condos in the MLS for all of 2007. Even though 2007 was a really bad year for sales in the County the 116 sales is literally just a drop in the bucket of the 25,000 sales that during the year.
If an RSF home drops by 30% I would consider that to be a massive adjustment for its market segment. I’d be pretty shocked if RSF dropped by 40%. Never say never, but I think it’s unlikely.
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