[austinkid]

Perversely, I think there is a case to be made that as long as jobs hold up, consumer spending could increase. When the shouldnt-be-homeowners who all bought houses beyond their means these past few years lose their houses and go back to renting and living with roommates/parents, they might actually have more disposable income since they won’t be spending as much of their monthly income on their mortgage and maintaining their home.

Just a theory. The way this downturn is playing out is really strange so far.

[austinkid]

Perversely, I think there is a case to be made that as long as jobs hold up, consumer spending could increase. When the shouldnt-be-homeowners who all bought houses beyond their means these past few years lose their houses and go back to renting and living with roommates/parents, they might actually have more disposable income since they won’t be spending as much of their monthly income on their mortgage and maintaining their home.

Just a theory. The way this downturn is playing out is really strange so far.

[austinkid]

Perversely, I think there is a case to be made that as long as jobs hold up, consumer spending could increase. When the shouldnt-be-homeowners who all bought houses beyond their means these past few years lose their houses and go back to renting and living with roommates/parents, they might actually have more disposable income since they won’t be spending as much of their monthly income on their mortgage and maintaining their home.

Just a theory. The way this downturn is playing out is really strange so far.

[austinkid]

Perversely, I think there is a case to be made that as long as jobs hold up, consumer spending could increase. When the shouldnt-be-homeowners who all bought houses beyond their means these past few years lose their houses and go back to renting and living with roommates/parents, they might actually have more disposable income since they won’t be spending as much of their monthly income on their mortgage and maintaining their home.

Just a theory. The way this downturn is playing out is really strange so far.

[austinkid]

Perversely, I think there is a case to be made that as long as jobs hold up, consumer spending could increase. When the shouldnt-be-homeowners who all bought houses beyond their means these past few years lose their houses and go back to renting and living with roommates/parents, they might actually have more disposable income since they won’t be spending as much of their monthly income on their mortgage and maintaining their home.

Just a theory. The way this downturn is playing out is really strange so far.

[austinkid]

I have to agree with you. By anecdotal evidence, it sure doesn’t seem like a recession… especially here in Austin. I was out in San Diego the other week, and everything seemed the same as usual.

But, a recession is defined as two quarters of negative growth. That doesn’t mean things get awful, just that things flatline and recede even just a tad.

I don’t think housing prices in the nice areas are going to come down in a big way until we start seeing some decent size job losses in white collar jobs. For some reason, that hasn’t happened yet outside of the mortgage arena, and I think the jury is still out on whether it’s going to happen or not.

[austinkid]

I have to agree with you. By anecdotal evidence, it sure doesn’t seem like a recession… especially here in Austin. I was out in San Diego the other week, and everything seemed the same as usual.

But, a recession is defined as two quarters of negative growth. That doesn’t mean things get awful, just that things flatline and recede even just a tad.

I don’t think housing prices in the nice areas are going to come down in a big way until we start seeing some decent size job losses in white collar jobs. For some reason, that hasn’t happened yet outside of the mortgage arena, and I think the jury is still out on whether it’s going to happen or not.

[austinkid]

I have to agree with you. By anecdotal evidence, it sure doesn’t seem like a recession… especially here in Austin. I was out in San Diego the other week, and everything seemed the same as usual.

But, a recession is defined as two quarters of negative growth. That doesn’t mean things get awful, just that things flatline and recede even just a tad.

I don’t think housing prices in the nice areas are going to come down in a big way until we start seeing some decent size job losses in white collar jobs. For some reason, that hasn’t happened yet outside of the mortgage arena, and I think the jury is still out on whether it’s going to happen or not.

[austinkid]

I have to agree with you. By anecdotal evidence, it sure doesn’t seem like a recession… especially here in Austin. I was out in San Diego the other week, and everything seemed the same as usual.

But, a recession is defined as two quarters of negative growth. That doesn’t mean things get awful, just that things flatline and recede even just a tad.

I don’t think housing prices in the nice areas are going to come down in a big way until we start seeing some decent size job losses in white collar jobs. For some reason, that hasn’t happened yet outside of the mortgage arena, and I think the jury is still out on whether it’s going to happen or not.

[austinkid]

I have to agree with you. By anecdotal evidence, it sure doesn’t seem like a recession… especially here in Austin. I was out in San Diego the other week, and everything seemed the same as usual.

But, a recession is defined as two quarters of negative growth. That doesn’t mean things get awful, just that things flatline and recede even just a tad.

I don’t think housing prices in the nice areas are going to come down in a big way until we start seeing some decent size job losses in white collar jobs. For some reason, that hasn’t happened yet outside of the mortgage arena, and I think the jury is still out on whether it’s going to happen or not.

[austinkid]

Thanks for the great info. I’ll add CV to my searches since it definitely sounds like it has potential. Ideally, I’d like something in one of the coastal beach towns, but I’ll take what works for my budget.

I guess, my ideal buying locations would be in this order:

La Jolla (probably won’t get cheap enough for me)
Del Mar
Encinitas
Solano Beach
Carlsbad

Any thoughts on the condos/townhomes next to the Del Mar racetrack or the stuff in UTC? UTC seems to be a lot of condo conversions which I’d like to avoid.

I’m not going to get serious about buying out there until this winter, but I want to start keeping my eyes open.

[austinkid]

Thanks for the great info. I’ll add CV to my searches since it definitely sounds like it has potential. Ideally, I’d like something in one of the coastal beach towns, but I’ll take what works for my budget.

I guess, my ideal buying locations would be in this order:

La Jolla (probably won’t get cheap enough for me)
Del Mar
Encinitas
Solano Beach
Carlsbad

Any thoughts on the condos/townhomes next to the Del Mar racetrack or the stuff in UTC? UTC seems to be a lot of condo conversions which I’d like to avoid.

I’m not going to get serious about buying out there until this winter, but I want to start keeping my eyes open.

[austinkid]

Thanks for the great info. I’ll add CV to my searches since it definitely sounds like it has potential. Ideally, I’d like something in one of the coastal beach towns, but I’ll take what works for my budget.

I guess, my ideal buying locations would be in this order:

La Jolla (probably won’t get cheap enough for me)
Del Mar
Encinitas
Solano Beach
Carlsbad

Any thoughts on the condos/townhomes next to the Del Mar racetrack or the stuff in UTC? UTC seems to be a lot of condo conversions which I’d like to avoid.

I’m not going to get serious about buying out there until this winter, but I want to start keeping my eyes open.

[austinkid]

Thanks for the great info. I’ll add CV to my searches since it definitely sounds like it has potential. Ideally, I’d like something in one of the coastal beach towns, but I’ll take what works for my budget.

I guess, my ideal buying locations would be in this order:

La Jolla (probably won’t get cheap enough for me)
Del Mar
Encinitas
Solano Beach
Carlsbad

Any thoughts on the condos/townhomes next to the Del Mar racetrack or the stuff in UTC? UTC seems to be a lot of condo conversions which I’d like to avoid.

I’m not going to get serious about buying out there until this winter, but I want to start keeping my eyes open.

[austinkid]

Thanks for the great info. I’ll add CV to my searches since it definitely sounds like it has potential. Ideally, I’d like something in one of the coastal beach towns, but I’ll take what works for my budget.

I guess, my ideal buying locations would be in this order:

La Jolla (probably won’t get cheap enough for me)
Del Mar
Encinitas
Solano Beach
Carlsbad

Any thoughts on the condos/townhomes next to the Del Mar racetrack or the stuff in UTC? UTC seems to be a lot of condo conversions which I’d like to avoid.

I’m not going to get serious about buying out there until this winter, but I want to start keeping my eyes open.

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