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1stimebuy
ParticipantI don’t know about the general trend but for me personally, my attitude changed over the past few weeks in terms of house search.
As I realize any decent attached property will have to be around $300/sqft range, and climbing fast, I’m beginning to think that soon we’ll reach the peak days again.
That $8K, $10K gov’t incentive did a lot for buyers in low price market to do overbid at least $8K, $10K. I’ll wait to see how the market changes after the program and if it stays up, I’ll just have to rent a couple of more years… or find job outside San Diego
ParticipantI don’t know about the general trend but for me personally, my attitude changed over the past few weeks in terms of house search.
As I realize any decent attached property will have to be around $300/sqft range, and climbing fast, I’m beginning to think that soon we’ll reach the peak days again.
That $8K, $10K gov’t incentive did a lot for buyers in low price market to do overbid at least $8K, $10K. I’ll wait to see how the market changes after the program and if it stays up, I’ll just have to rent a couple of more years… or find job outside San Diego
ParticipantI don’t know about the general trend but for me personally, my attitude changed over the past few weeks in terms of house search.
As I realize any decent attached property will have to be around $300/sqft range, and climbing fast, I’m beginning to think that soon we’ll reach the peak days again.
That $8K, $10K gov’t incentive did a lot for buyers in low price market to do overbid at least $8K, $10K. I’ll wait to see how the market changes after the program and if it stays up, I’ll just have to rent a couple of more years… or find job outside San Diego
ParticipantI don’t know about the general trend but for me personally, my attitude changed over the past few weeks in terms of house search.
As I realize any decent attached property will have to be around $300/sqft range, and climbing fast, I’m beginning to think that soon we’ll reach the peak days again.
That $8K, $10K gov’t incentive did a lot for buyers in low price market to do overbid at least $8K, $10K. I’ll wait to see how the market changes after the program and if it stays up, I’ll just have to rent a couple of more years… or find job outside San Diego
April 1, 2010 at 2:14 PM in reply to: Should the houses be worth twice what they were in 1996? #534181ParticipantMovie tickets, car prices, apartment rent, ski day pass, TV cable fees, gaming console… Basically everything except what’s made in China.
Double the price for a house from 1996 is quite possible in my opinion.
April 1, 2010 at 2:14 PM in reply to: Should the houses be worth twice what they were in 1996? #534312ParticipantMovie tickets, car prices, apartment rent, ski day pass, TV cable fees, gaming console… Basically everything except what’s made in China.
Double the price for a house from 1996 is quite possible in my opinion.
April 1, 2010 at 2:14 PM in reply to: Should the houses be worth twice what they were in 1996? #534769ParticipantMovie tickets, car prices, apartment rent, ski day pass, TV cable fees, gaming console… Basically everything except what’s made in China.
Double the price for a house from 1996 is quite possible in my opinion.
April 1, 2010 at 2:14 PM in reply to: Should the houses be worth twice what they were in 1996? #534866ParticipantMovie tickets, car prices, apartment rent, ski day pass, TV cable fees, gaming console… Basically everything except what’s made in China.
Double the price for a house from 1996 is quite possible in my opinion.
April 1, 2010 at 2:14 PM in reply to: Should the houses be worth twice what they were in 1996? #535132ParticipantMovie tickets, car prices, apartment rent, ski day pass, TV cable fees, gaming console… Basically everything except what’s made in China.
Double the price for a house from 1996 is quite possible in my opinion.
March 30, 2010 at 1:37 PM in reply to: Case-Shiller Home Prices rose by .3% and declined by .4% in Jan #533283ParticipantSouth Korea’s export status has little bearing on the US economy. The export thrived this year because of dollar was strong against Korean currency. (Current president is a Korean version of Bush) And US is no longer a single major export market. China is now equally important.
I do hope this bubble like behavior is calmed down in southern CA, but I don’t think it’ll change until the interest rate goes up significantly (+1 point)
March 30, 2010 at 1:37 PM in reply to: Case-Shiller Home Prices rose by .3% and declined by .4% in Jan #533414ParticipantSouth Korea’s export status has little bearing on the US economy. The export thrived this year because of dollar was strong against Korean currency. (Current president is a Korean version of Bush) And US is no longer a single major export market. China is now equally important.
I do hope this bubble like behavior is calmed down in southern CA, but I don’t think it’ll change until the interest rate goes up significantly (+1 point)
March 30, 2010 at 1:37 PM in reply to: Case-Shiller Home Prices rose by .3% and declined by .4% in Jan #533862ParticipantSouth Korea’s export status has little bearing on the US economy. The export thrived this year because of dollar was strong against Korean currency. (Current president is a Korean version of Bush) And US is no longer a single major export market. China is now equally important.
I do hope this bubble like behavior is calmed down in southern CA, but I don’t think it’ll change until the interest rate goes up significantly (+1 point)
March 30, 2010 at 1:37 PM in reply to: Case-Shiller Home Prices rose by .3% and declined by .4% in Jan #533958ParticipantSouth Korea’s export status has little bearing on the US economy. The export thrived this year because of dollar was strong against Korean currency. (Current president is a Korean version of Bush) And US is no longer a single major export market. China is now equally important.
I do hope this bubble like behavior is calmed down in southern CA, but I don’t think it’ll change until the interest rate goes up significantly (+1 point)
March 30, 2010 at 1:37 PM in reply to: Case-Shiller Home Prices rose by .3% and declined by .4% in Jan #534220ParticipantSouth Korea’s export status has little bearing on the US economy. The export thrived this year because of dollar was strong against Korean currency. (Current president is a Korean version of Bush) And US is no longer a single major export market. China is now equally important.
I do hope this bubble like behavior is calmed down in southern CA, but I don’t think it’ll change until the interest rate goes up significantly (+1 point)
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