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an
Participant[quote=Coronita][quote=an][quote=sdrealtor]Inflation reported this morning is highest in 13 years. Who would’ve guessed? Get ready for more. Holders of hard assets gonna be the winners[/quote]
Lets go!!![/quote]
Go Joe Go![/quote]
Go Joe Go!!! When can I see double digit inflation Joe?Participant[quote=sdrealtor]Inflation reported this morning is highest in 13 years. Who would’ve guessed? Get ready for more. Holders of hard assets gonna be the winners[/quote]
Lets go!!!Participant[quote=sdrealtor]La Jolla adjacent? Luxury market in East County is much smaller[/quote]
Is it 15 minutes from La Jolla?Participant[quote=Coronita]Could be worse I guess.. $876/sqft for a condo in sunnyvale lol
https://www.zillow.com/homedetails/483-Torrey-Pine-Ter-Sunnyvale-CA-94086/2071154061_zpid/
Or $900/sqft for a SFH
https://www.zillow.com/homedetails/850-Iris-Ave-Sunnyvale-CA-94086/19546732_zpid/%5B/quote%5D
Look at those school scores. Better school area of Sunnyvale is over $1300/sqft https://www.zillow.com/homedetails/764-Cascade-Dr-Sunnyvale-CA-94087/19623645_zpid/?utm_campaign=androidappmessage&utm_medium=referral&utm_source=txtshareParticipant[quote=scaredyclassic]I regret not buying a rental at SDSU when my kid was there.[/quote]
I regret not buying more between 2009-2019.Participant[quote=svelte][quote=an][quote=svelte]
Totally bogus claim.[/quote]what development in Mira Mesa in 1987 was going for 100-105k for a 3/2 1500 sqft house?[/quote]I can’t recall the name and I didn’t save any brochures. All I can tell you is that it was south of MM Blvd and west of Westonhill. I can’t remember any more than that.[/quote]
These are the only one that’s new around 1987 that’s 3/2 1500 sqft South of MM. 7528 Flanders Dr, San Diego, CA 92126. This one sold for 160k in 1988. So your dad was getting a crazy deal.Participant[quote=deadzone]Perhaps, but you mentioned yourself sometime abo that Carmel Valley was being bought up by Chinese money. And regarding people moving here from “more expensive places in US” in reality there are very few places in the US with higher housing costs than San Diego, Bay Area being the most obvious.[/quote]
Really? How about anywhere in OC, LA, entire bay area, NYC? SD is dirty cheap compare to those area.Participant[quote=svelte][quote=an][quote=svelte][quote=an]
Yes, every crash is different. Not every crash cause everything to crash. Oil prices in the 70s caused massive inflation and housing went up almost 10x.
[/quote]The stock market crashed in the 70s.[/quote]
But not housing. Like I said, not everything crashes. Housing went up almost 10x.[/quote]That is an absurd claim. I was going to spend time this weekend researching it and show you, but I just figured out I already have two data points that demonstrate how outlandish it is.
I’ve stated previously that my father purchased a 3/2 1500 SF house in the central valley for $21K in 1970.
When I arrived in San Diego in 1987, a single family 3/2 1500 SF house – brand new – was selling for $100K-105K in Mira Mesa. I distinctly remember taking my dad over to show him those ridiculous prices.
San Diego, including Mira Mesa, has always been more expensive that the central valley.
If my dad’s 1970 house had went up 10x in the 1970s, it should have been worth $210K in 1980. It most definitely was not, and the fact that anyone could walk into a new development in Mira Mesa in 1987 and buy a brand new 3/2 1500 SF for $100K demonstrates that even at 17 years, prices hadn’t even went up 5x yet.
Totally bogus claim.[/quote]what development in Mira Mesa in 1987 was going for 100-105k for a 3/2 1500 sqft house?
Participant[quote=an][quote=svelte]That is an absurd claim. I was going to spend time this weekend researching it and show you, but I just figured out I already have two data points that demonstrate how outlandish it is.
I’ve stated previously that my father purchased a 3/2 1500 SF house in the central valley for $21K in 1970.
When I arrived in San Diego in 1987, a single family 3/2 1500 SF house – brand new – was selling for $100K-105K in Mira Mesa. I distinctly remember taking my dad over to show him those ridiculous prices.
San Diego, including Mira Mesa, has always been more expensive that the central valley.
If my dad’s 1970 house had went up 10x in the 1970s, it should have been worth $210K in 1980. It most definitely was not, and the fact that anyone could walk into a new development in Mira Mesa in 1987 and buy a brand new 3/2 1500 SF for $100K demonstrates that even at 17 years, prices hadn’t even went up 5x yet.
Totally bogus claim.[/quote]you’re right. I stand corrected. 10806 Eberly CT, 92126 only went up 4x over 75-87. No where near my 10x assertion.[/quote]
But still up not down or crash. I’ll take 4x increase in housing price any day. I’ll be happy with 2x from here.Participant[quote=svelte]That is an absurd claim. I was going to spend time this weekend researching it and show you, but I just figured out I already have two data points that demonstrate how outlandish it is.
I’ve stated previously that my father purchased a 3/2 1500 SF house in the central valley for $21K in 1970.
When I arrived in San Diego in 1987, a single family 3/2 1500 SF house – brand new – was selling for $100K-105K in Mira Mesa. I distinctly remember taking my dad over to show him those ridiculous prices.
San Diego, including Mira Mesa, has always been more expensive that the central valley.
If my dad’s 1970 house had went up 10x in the 1970s, it should have been worth $210K in 1980. It most definitely was not, and the fact that anyone could walk into a new development in Mira Mesa in 1987 and buy a brand new 3/2 1500 SF for $100K demonstrates that even at 17 years, prices hadn’t even went up 5x yet.
Totally bogus claim.[/quote]you’re right. I stand corrected. 10806 Eberly CT, 92126 only went up 4x over 75-87.to, my where near my 10x assertion.
Participant[quote=deadzone]If there is a stock market crash, housing will crash too, guaranteed. The same forces are blowing up both bubbles. And if there is a crash, it will be far worse than 2008. That bubble was purely housing and mortgages, now there is more insane speculative money out there than I’ve ever seen. This makes the dot com bubble look like child’s play. This bubble is everywhere. Look at the insane housing prices, stocks, crypto currencies, even baseball cards. I not kidding, I follow sports collectibles and there are cards auctioning off for 7 figures on a weekly basis. This is insane and unprecedented.[/quote]100% agree. Considering how catastrophic it would be if we see a massive crash of this magnitude when memory is still so raw from 2008. My bet is the fed and government will act BIG if we get any sign of major crash. We might see $20T stimulus before we see repeat of 1929 or 2008. So, I’m betting on inflation.
Participant[quote=svelte][quote=an]
Yes, every crash is different. Not every crash cause everything to crash. Oil prices in the 70s caused massive inflation and housing went up almost 10x.
[/quote]The stock market crashed in the 70s.[/quote]
But not housing. Like I said, not everything crashes. Housing went up almost 10x.Participant[quote=svelte]
Every crash is unique and a once-in-a-lifetime event. But if you look back over the last 100 years, about every decade something has went south.Oil prices in the 70s. Black Monday in 1987. Dot Com in 2000. Housing Bubble in 2008.
We are due a financial calamity.
It may not be in 2021 – shoveler may be right they may keep juicing this thing along for a year or two.
But the saying the bigger they are the harder they fall was made for a reason.[/quote]
Yes, every crash is different. Not every crash cause everything to crash. Oil prices in the 70s caused massive inflation and housing went up almost 10x.We have never ever before talk about up to $10T in stimulus. I don’t think it’ll stop at $10T either. So, IMHO, we’ll probably see something along the line of late 70s again. If we can get $15/hr minimum wage, that’ll put a floor in and I’m seeing salary for engineers in San Diego going up high single digit to low double digits now compare to last year.
ParticipantGlad to see seller push the limit to find out what the market price is. IMHO, for a buyer, it’s better this than a bidding war against 30 people and have to play chicken with a “Highest and best” offer.
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