Forum Replies Created
-
AuthorPosts
-
andymajumder
Participant[quote=Scarlett]I’d be happy with a 2002 nominal pricing for Rancho Penasquitos…[/quote]
That may be possible quite soon. Actually even now if you negotiate hard you can get early 2003 nominal price…and than factor in that interest rates are about 2% lower now than early 2003, you are probably getting early to mid 2002 prices. You do have to take the cost of financing into account.
Participant[quote=Scarlett]I’d be happy with a 2002 nominal pricing for Rancho Penasquitos…[/quote]
That may be possible quite soon. Actually even now if you negotiate hard you can get early 2003 nominal price…and than factor in that interest rates are about 2% lower now than early 2003, you are probably getting early to mid 2002 prices. You do have to take the cost of financing into account.
Participant[quote=Scarlett]I’d be happy with a 2002 nominal pricing for Rancho Penasquitos…[/quote]
That may be possible quite soon. Actually even now if you negotiate hard you can get early 2003 nominal price…and than factor in that interest rates are about 2% lower now than early 2003, you are probably getting early to mid 2002 prices. You do have to take the cost of financing into account.
ParticipantNot a homeowner…but I would I careful what I wish for. Las Vegas probably has reached or is close to 2000 nominal pricing. But, if that were to happen in SD or in most parts of CaliforniaUS, we would probably be in a depression. Eventually…it doesn’t matter much if you are renter or a owner if you don’t have a job and the country is in a sever depression, things will be very bad for all of us.
ParticipantNot a homeowner…but I would I careful what I wish for. Las Vegas probably has reached or is close to 2000 nominal pricing. But, if that were to happen in SD or in most parts of CaliforniaUS, we would probably be in a depression. Eventually…it doesn’t matter much if you are renter or a owner if you don’t have a job and the country is in a sever depression, things will be very bad for all of us.
ParticipantNot a homeowner…but I would I careful what I wish for. Las Vegas probably has reached or is close to 2000 nominal pricing. But, if that were to happen in SD or in most parts of CaliforniaUS, we would probably be in a depression. Eventually…it doesn’t matter much if you are renter or a owner if you don’t have a job and the country is in a sever depression, things will be very bad for all of us.
ParticipantNot a homeowner…but I would I careful what I wish for. Las Vegas probably has reached or is close to 2000 nominal pricing. But, if that were to happen in SD or in most parts of CaliforniaUS, we would probably be in a depression. Eventually…it doesn’t matter much if you are renter or a owner if you don’t have a job and the country is in a sever depression, things will be very bad for all of us.
ParticipantNot a homeowner…but I would I careful what I wish for. Las Vegas probably has reached or is close to 2000 nominal pricing. But, if that were to happen in SD or in most parts of CaliforniaUS, we would probably be in a depression. Eventually…it doesn’t matter much if you are renter or a owner if you don’t have a job and the country is in a sever depression, things will be very bad for all of us.
ParticipantI keep hearing this – even on KPBS radio I heard this a couple of times, that the pension commitments cannot be gotten rid off and even if the city declares bankruptcy – it still has to pay these ridiculous pensions. Is that true?
ParticipantI keep hearing this – even on KPBS radio I heard this a couple of times, that the pension commitments cannot be gotten rid off and even if the city declares bankruptcy – it still has to pay these ridiculous pensions. Is that true?
ParticipantI keep hearing this – even on KPBS radio I heard this a couple of times, that the pension commitments cannot be gotten rid off and even if the city declares bankruptcy – it still has to pay these ridiculous pensions. Is that true?
ParticipantI keep hearing this – even on KPBS radio I heard this a couple of times, that the pension commitments cannot be gotten rid off and even if the city declares bankruptcy – it still has to pay these ridiculous pensions. Is that true?
ParticipantI keep hearing this – even on KPBS radio I heard this a couple of times, that the pension commitments cannot be gotten rid off and even if the city declares bankruptcy – it still has to pay these ridiculous pensions. Is that true?
Participant[quote=sdrealtor]Alot more than you think. I was blown away by the interest level. I figured 3 to 5 offers. They must have gotten 20 in a weekend. I figure most were at, above or close to asking price. I also figure most if not all were taking loans on $697K or less telling me there are a sh*tload of people walking around with $300K or more looking for a nice house and this one was nice but hardly spectacular or a spectacular deal.[/quote]
Have been a housing bear for the past many years since coming across this website and Rick’s analysis. But, have to agree with sdrealtor on this. There are many people with serious money who are willing to pay for certain parts of San Diego. Coastal areas…NCC and some more nicer parts inland such as Scripps Ranch have good demand and I still 2004 prices being paid on many properties. Housing probably will correct further in San Diego county, but I am slowly getting convinced that the more desirable areas of San Diego probably will not see any serious correction from here unless economy collapses or interest rates shoot up a lot (doesn’t help…since I need a mortgage, interest rate going up significantly will probably reduce my affordability).
-
AuthorPosts
