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Arraya
ParticipantThe boom industry of the housing downturn…
Wonder if you can buy stock?
ParticipantThe boom industry of the housing downturn…
Wonder if you can buy stock?
ParticipantI find myself being caught up in a bad financial market that I didn’t create.
What are you complaining about, the market is fine for you? You can price to what ever you need to sell and still make a ton. Then sit on your mountain of equity until you find the perfect place. What is the problem?
As for piggs bashing people that were fiscally irresponsible, that is just because we are happy that stupidity is no longer rewarded. All is right in the universe.
Now you just take your huge equity gains, find a nice place to rent and sit back and enjoy that fact that you sold close to the top.
ParticipantI find myself being caught up in a bad financial market that I didn’t create.
What are you complaining about, the market is fine for you? You can price to what ever you need to sell and still make a ton. Then sit on your mountain of equity until you find the perfect place. What is the problem?
As for piggs bashing people that were fiscally irresponsible, that is just because we are happy that stupidity is no longer rewarded. All is right in the universe.
Now you just take your huge equity gains, find a nice place to rent and sit back and enjoy that fact that you sold close to the top.
ParticipantAbsolutely suicide, I follow 92103 condos pretty closely. Alicante has held up a tad bit better than most up unil now. However, look at all the new builds. There is like 400 more units coming on the market here in the next couple months. The market is going to be completely saturated.
The current sales pace is around 30 per month last time I checked. There are roughly 200 listed now and about 100 or so unlisted new builds and REOs. If you add that all up with the new builds it will be close to 25 months supply of inventory!
I believe a properly functioning market is 3-5 months supply. Until all this excess inventory gets purchased prices will drop. There is no telling how long that will take. Though, I am dead certain it is not in the next 12-18 months.
ParticipantAbsolutely suicide, I follow 92103 condos pretty closely. Alicante has held up a tad bit better than most up unil now. However, look at all the new builds. There is like 400 more units coming on the market here in the next couple months. The market is going to be completely saturated.
The current sales pace is around 30 per month last time I checked. There are roughly 200 listed now and about 100 or so unlisted new builds and REOs. If you add that all up with the new builds it will be close to 25 months supply of inventory!
I believe a properly functioning market is 3-5 months supply. Until all this excess inventory gets purchased prices will drop. There is no telling how long that will take. Though, I am dead certain it is not in the next 12-18 months.
Participant.
Participantlisten to Sept. 27, 2007 Noel Sheppard – Contributing Editor
Newsbusters.org and Lord Monckton – Viscount of Brenchley
Lord Monckton calls out Al Gore and brings the facts on Global Whining.Why are they calling out Al Gore? He is not a climate scientist. That is like asking Don King to get in the ring and box.
Bring the facts? That is such a funny thing to say. For a science that has been studied for 3+ decades by thousands of scientists in many many fields.
Newbusters? I assume that is a scientific jounal of some sort right?
Its sad that once an issue becomes politicized that there is no more rational discussion.
ParticipantTranslation: You guys are stupid and worthless and if you want me to grace you with my presence get me this information.
I can’t really tell which is greater your ignorance or arrogance.
October 4, 2007 at 9:01 AM in reply to: Biggest percentage loss in San Diego, purchased price vs. list or sold price #86934Participanthttp://www.sdlookup.com/Property-D1759F8E-339_W_University_Ave_B_San_Diego_CA_92103
Listing $175,000
Sale History
6/7/2005 $300,000
10/6/2004 $235,00041% loss
October 2, 2007 at 12:24 PM in reply to: 12 reductions, 533 days on market, still no buyer, Mira Mesa #86733ParticipantA model match on the same road, a few houses over sold for 430K back in July. He only adjusted his price after that sale. He’s another market chaser.
ParticipantDrunkle,
You are most likely correct. She is my sister’s freshman roomate from college and we are all from the east coast(philly, NJ area). We all moved out here 03-04. Honestly, I am not sure why she moved into such a small place and my statements are just speculations on her reasoning.
I remember us having discussions about SD RE back in 04. We came to a goup consensous that it was crazy and we were not going to buy into it, w/o any knowledge of “bubbles”, fundamentals etc…. A few months later she went behind the groups back and was in escrow. The rest is history.
ParticipantDrunkle,
She got sucked into the “priced out forever” thing. Thought she could make a quick 50k in a year or two and move up. She is a block north of 30th, not quite close enough to see the working girls. Otherwise, she is a very smart girl, masters in biology and a > 100K job. Unfortunately I think the best thing for her to do is to get out at what ever the cost. She is young a makes very good money. Just needs to rip the bandaid off fast IMO.
ParticipantJc,
Your math is right on. However it is a 1 bdr, around 600 sq ft. Crazy, I know but that is what they were going for back then. To make it worse it is a condo convert.
Probably could only rent for 900 tops!
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