You piggies make me sick.

[Bugs]

I’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.

[patientlywaiting]

FLU, bad analogy with cars (I’m not a car buff and I just buy whatever and forget about it). The point is was trying to make is that most Americans are just average with some families making more than others. Incomes fluctuate and households move up and down the income ladder over time.

There is such effect as substitution. People who previously only shopped at department stores are now choosing Target and Costco because of prices. That consumer phenomenon is well documented.

As house prices go down people will substitute one neighborhood for another. Not everyone wants to move up. FLU, you may never live in Chula Vista at any price, but plenty of others who see the good deals will buy.

FLU, from your previous posts on cars, I can figure you would never buy a Hyundai. How do you figure the brand is successful in America? Someone is buying.

[patientlywaiting]

FLU, bad analogy with cars (I’m not a car buff and I just buy whatever and forget about it). The point is was trying to make is that most Americans are just average with some families making more than others. Incomes fluctuate and households move up and down the income ladder over time.

There is such effect as substitution. People who previously only shopped at department stores are now choosing Target and Costco because of prices. That consumer phenomenon is well documented.

As house prices go down people will substitute one neighborhood for another. Not everyone wants to move up. FLU, you may never live in Chula Vista at any price, but plenty of others who see the good deals will buy.

FLU, from your previous posts on cars, I can figure you would never buy a Hyundai. How do you figure the brand is successful in America? Someone is buying.

[patientlywaiting]

FLU, bad analogy with cars (I’m not a car buff and I just buy whatever and forget about it). The point is was trying to make is that most Americans are just average with some families making more than others. Incomes fluctuate and households move up and down the income ladder over time.

There is such effect as substitution. People who previously only shopped at department stores are now choosing Target and Costco because of prices. That consumer phenomenon is well documented.

As house prices go down people will substitute one neighborhood for another. Not everyone wants to move up. FLU, you may never live in Chula Vista at any price, but plenty of others who see the good deals will buy.

FLU, from your previous posts on cars, I can figure you would never buy a Hyundai. How do you figure the brand is successful in America? Someone is buying.

[patientlywaiting]

FLU, bad analogy with cars (I’m not a car buff and I just buy whatever and forget about it). The point is was trying to make is that most Americans are just average with some families making more than others. Incomes fluctuate and households move up and down the income ladder over time.

There is such effect as substitution. People who previously only shopped at department stores are now choosing Target and Costco because of prices. That consumer phenomenon is well documented.

As house prices go down people will substitute one neighborhood for another. Not everyone wants to move up. FLU, you may never live in Chula Vista at any price, but plenty of others who see the good deals will buy.

FLU, from your previous posts on cars, I can figure you would never buy a Hyundai. How do you figure the brand is successful in America? Someone is buying.

[patientlywaiting]

FLU, bad analogy with cars (I’m not a car buff and I just buy whatever and forget about it). The point is was trying to make is that most Americans are just average with some families making more than others. Incomes fluctuate and households move up and down the income ladder over time.

There is such effect as substitution. People who previously only shopped at department stores are now choosing Target and Costco because of prices. That consumer phenomenon is well documented.

As house prices go down people will substitute one neighborhood for another. Not everyone wants to move up. FLU, you may never live in Chula Vista at any price, but plenty of others who see the good deals will buy.

FLU, from your previous posts on cars, I can figure you would never buy a Hyundai. How do you figure the brand is successful in America? Someone is buying.

[jpinpb]

patientlywaiting – I agree. I have see some deals downtown and I would consider something there, but I want a garage, not underground parking. But for some people who don’t care about a garage will see downtown as an opportunity and buy something there, as opposed to the coast. That may mean that prices might not immediately drop along the coast, but sales will slow some more b/c people will buy elsewhere and consequently, when some people need to sell, may eventually reduce to close.

[jpinpb]

patientlywaiting – I agree. I have see some deals downtown and I would consider something there, but I want a garage, not underground parking. But for some people who don’t care about a garage will see downtown as an opportunity and buy something there, as opposed to the coast. That may mean that prices might not immediately drop along the coast, but sales will slow some more b/c people will buy elsewhere and consequently, when some people need to sell, may eventually reduce to close.

[jpinpb]

patientlywaiting – I agree. I have see some deals downtown and I would consider something there, but I want a garage, not underground parking. But for some people who don’t care about a garage will see downtown as an opportunity and buy something there, as opposed to the coast. That may mean that prices might not immediately drop along the coast, but sales will slow some more b/c people will buy elsewhere and consequently, when some people need to sell, may eventually reduce to close.

[jpinpb]

patientlywaiting – I agree. I have see some deals downtown and I would consider something there, but I want a garage, not underground parking. But for some people who don’t care about a garage will see downtown as an opportunity and buy something there, as opposed to the coast. That may mean that prices might not immediately drop along the coast, but sales will slow some more b/c people will buy elsewhere and consequently, when some people need to sell, may eventually reduce to close.

[jpinpb]

patientlywaiting – I agree. I have see some deals downtown and I would consider something there, but I want a garage, not underground parking. But for some people who don’t care about a garage will see downtown as an opportunity and buy something there, as opposed to the coast. That may mean that prices might not immediately drop along the coast, but sales will slow some more b/c people will buy elsewhere and consequently, when some people need to sell, may eventually reduce to close.

[Enorah]

Submitted by eccen in esc on March 14, 2008 – 7:40am.

eccen in esc
Vultures can fly
Vultures can soar
Vultures have good eyesight

My goal is to leave San Diego in the near future to keep from being underwater literally – are you with me Enorah?

:rofl:

eccen, do I know you?

I am not sure about that whole pole shift thingy. You know, seriously, I am loving being by the beach. We only moved here from northern ca nine months ago and before that Chicago. I know, hilarious, right? Move out to CA at the peak of the bubble. Oh wait, the bubble’s over, I forgot, LOL.

I do at times wonder what the hell is wrong with me that I can’t/won’t just buy myself a nice little house and land somewhere for like 150k out in the middle of the country in like Wisconsin, for instance. But, hey, I am where I want to be, for now at least. Who knows what the next moment will bring, one of the benefits of being a JBR (jealous bitter renter). LOL. I have options, and I am tied to no bank/fund.

I just got over a long time ago that whole programming bull s*** thing that tells us “If you don’t own a house, you, as an individual, have no value”.

Sorry, vertigo, to drift your precious thread away from what schmucks we all are here at piggington.

[Enorah]

Submitted by eccen in esc on March 14, 2008 – 7:40am.

eccen in esc
Vultures can fly
Vultures can soar
Vultures have good eyesight

My goal is to leave San Diego in the near future to keep from being underwater literally – are you with me Enorah?

:rofl:

eccen, do I know you?

I am not sure about that whole pole shift thingy. You know, seriously, I am loving being by the beach. We only moved here from northern ca nine months ago and before that Chicago. I know, hilarious, right? Move out to CA at the peak of the bubble. Oh wait, the bubble’s over, I forgot, LOL.

I do at times wonder what the hell is wrong with me that I can’t/won’t just buy myself a nice little house and land somewhere for like 150k out in the middle of the country in like Wisconsin, for instance. But, hey, I am where I want to be, for now at least. Who knows what the next moment will bring, one of the benefits of being a JBR (jealous bitter renter). LOL. I have options, and I am tied to no bank/fund.

I just got over a long time ago that whole programming bull s*** thing that tells us “If you don’t own a house, you, as an individual, have no value”.

Sorry, vertigo, to drift your precious thread away from what schmucks we all are here at piggington.

[Enorah]

Submitted by eccen in esc on March 14, 2008 – 7:40am.

eccen in esc
Vultures can fly
Vultures can soar
Vultures have good eyesight

My goal is to leave San Diego in the near future to keep from being underwater literally – are you with me Enorah?

:rofl:

eccen, do I know you?

I am not sure about that whole pole shift thingy. You know, seriously, I am loving being by the beach. We only moved here from northern ca nine months ago and before that Chicago. I know, hilarious, right? Move out to CA at the peak of the bubble. Oh wait, the bubble’s over, I forgot, LOL.

I do at times wonder what the hell is wrong with me that I can’t/won’t just buy myself a nice little house and land somewhere for like 150k out in the middle of the country in like Wisconsin, for instance. But, hey, I am where I want to be, for now at least. Who knows what the next moment will bring, one of the benefits of being a JBR (jealous bitter renter). LOL. I have options, and I am tied to no bank/fund.

I just got over a long time ago that whole programming bull s*** thing that tells us “If you don’t own a house, you, as an individual, have no value”.

Sorry, vertigo, to drift your precious thread away from what schmucks we all are here at piggington.

[Enorah]

Submitted by eccen in esc on March 14, 2008 – 7:40am.

eccen in esc
Vultures can fly
Vultures can soar
Vultures have good eyesight

My goal is to leave San Diego in the near future to keep from being underwater literally – are you with me Enorah?

:rofl:

eccen, do I know you?

I am not sure about that whole pole shift thingy. You know, seriously, I am loving being by the beach. We only moved here from northern ca nine months ago and before that Chicago. I know, hilarious, right? Move out to CA at the peak of the bubble. Oh wait, the bubble’s over, I forgot, LOL.

I do at times wonder what the hell is wrong with me that I can’t/won’t just buy myself a nice little house and land somewhere for like 150k out in the middle of the country in like Wisconsin, for instance. But, hey, I am where I want to be, for now at least. Who knows what the next moment will bring, one of the benefits of being a JBR (jealous bitter renter). LOL. I have options, and I am tied to no bank/fund.

I just got over a long time ago that whole programming bull s*** thing that tells us “If you don’t own a house, you, as an individual, have no value”.

Sorry, vertigo, to drift your precious thread away from what schmucks we all are here at piggington.

[Author]

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