[barnaby33]

Just up there last weekend, went to a couple of open houses, talked to the realtors. Prices east of the 5 have already come down a bit. One realtor confided that she put someone in a townhome in her development for 200+k less than her own home cost. Not what it was worth, what it cost her in 05 I think.

The second realtor I talked to mused out loud whether she should sell her DM rental properties as they were on 5 year ARMS. I didn’t choke or anything, I just said yep, you’ve got about a year.

Del Mar will come down, just like every place else. It was just as nice in the last downturn as it is this time. Availability of credit will kill it. Yes there are all cash buyers. Yep there are even people who are immune to the downturn, but not enough. Not every place in Del Mar is a Taj Mahal. Lots of little condos and town-homes and 1920’s bungalows.

The window of opportunity will probably be smallest there, since it is close to jobs, but if Del Mar is going to defy economic gravity I’ll be just as happy in Mission Hills.

Josh

[barnaby33]

Just up there last weekend, went to a couple of open houses, talked to the realtors. Prices east of the 5 have already come down a bit. One realtor confided that she put someone in a townhome in her development for 200+k less than her own home cost. Not what it was worth, what it cost her in 05 I think.

The second realtor I talked to mused out loud whether she should sell her DM rental properties as they were on 5 year ARMS. I didn’t choke or anything, I just said yep, you’ve got about a year.

Del Mar will come down, just like every place else. It was just as nice in the last downturn as it is this time. Availability of credit will kill it. Yes there are all cash buyers. Yep there are even people who are immune to the downturn, but not enough. Not every place in Del Mar is a Taj Mahal. Lots of little condos and town-homes and 1920’s bungalows.

The window of opportunity will probably be smallest there, since it is close to jobs, but if Del Mar is going to defy economic gravity I’ll be just as happy in Mission Hills.

Josh

[barnaby33]

Just up there last weekend, went to a couple of open houses, talked to the realtors. Prices east of the 5 have already come down a bit. One realtor confided that she put someone in a townhome in her development for 200+k less than her own home cost. Not what it was worth, what it cost her in 05 I think.

The second realtor I talked to mused out loud whether she should sell her DM rental properties as they were on 5 year ARMS. I didn’t choke or anything, I just said yep, you’ve got about a year.

Del Mar will come down, just like every place else. It was just as nice in the last downturn as it is this time. Availability of credit will kill it. Yes there are all cash buyers. Yep there are even people who are immune to the downturn, but not enough. Not every place in Del Mar is a Taj Mahal. Lots of little condos and town-homes and 1920’s bungalows.

The window of opportunity will probably be smallest there, since it is close to jobs, but if Del Mar is going to defy economic gravity I’ll be just as happy in Mission Hills.

Josh

[barnaby33]

You can be looking at a fantastic price on a home with a historically low interest rate, but if you are really concerned about job stability are you going to pull the trigger and buy or are you going to remain in a holding pattern until you feel some stabilization?

One of my deepest fears is that I wouldn’t know a good price even if I saw it. I’ve been so burned by this last bubble cycle on the one hand. On the other RE has always been more expensive in SoCal than most of America. Gives me the willies trying to weight the pros and cons. Especially when you pile on increasing instability in my career.

However Marion, if you think prices in the IE are low now, just wait till we get to 9% mortgages! That won’t happen for a few years I don’t think as the fed is determined to keep deflation from taking hold. Price increases are not inflation!

Josh

[barnaby33]

You can be looking at a fantastic price on a home with a historically low interest rate, but if you are really concerned about job stability are you going to pull the trigger and buy or are you going to remain in a holding pattern until you feel some stabilization?

One of my deepest fears is that I wouldn’t know a good price even if I saw it. I’ve been so burned by this last bubble cycle on the one hand. On the other RE has always been more expensive in SoCal than most of America. Gives me the willies trying to weight the pros and cons. Especially when you pile on increasing instability in my career.

However Marion, if you think prices in the IE are low now, just wait till we get to 9% mortgages! That won’t happen for a few years I don’t think as the fed is determined to keep deflation from taking hold. Price increases are not inflation!

Josh

[barnaby33]

You can be looking at a fantastic price on a home with a historically low interest rate, but if you are really concerned about job stability are you going to pull the trigger and buy or are you going to remain in a holding pattern until you feel some stabilization?

One of my deepest fears is that I wouldn’t know a good price even if I saw it. I’ve been so burned by this last bubble cycle on the one hand. On the other RE has always been more expensive in SoCal than most of America. Gives me the willies trying to weight the pros and cons. Especially when you pile on increasing instability in my career.

However Marion, if you think prices in the IE are low now, just wait till we get to 9% mortgages! That won’t happen for a few years I don’t think as the fed is determined to keep deflation from taking hold. Price increases are not inflation!

Josh

[barnaby33]

You can be looking at a fantastic price on a home with a historically low interest rate, but if you are really concerned about job stability are you going to pull the trigger and buy or are you going to remain in a holding pattern until you feel some stabilization?

One of my deepest fears is that I wouldn’t know a good price even if I saw it. I’ve been so burned by this last bubble cycle on the one hand. On the other RE has always been more expensive in SoCal than most of America. Gives me the willies trying to weight the pros and cons. Especially when you pile on increasing instability in my career.

However Marion, if you think prices in the IE are low now, just wait till we get to 9% mortgages! That won’t happen for a few years I don’t think as the fed is determined to keep deflation from taking hold. Price increases are not inflation!

Josh

[barnaby33]

You can be looking at a fantastic price on a home with a historically low interest rate, but if you are really concerned about job stability are you going to pull the trigger and buy or are you going to remain in a holding pattern until you feel some stabilization?

One of my deepest fears is that I wouldn’t know a good price even if I saw it. I’ve been so burned by this last bubble cycle on the one hand. On the other RE has always been more expensive in SoCal than most of America. Gives me the willies trying to weight the pros and cons. Especially when you pile on increasing instability in my career.

However Marion, if you think prices in the IE are low now, just wait till we get to 9% mortgages! That won’t happen for a few years I don’t think as the fed is determined to keep deflation from taking hold. Price increases are not inflation!

Josh

[barnaby33]

Why would that be breaking any rules? Unless you are the realtor; even then it would just be rude. I doubt Rich has a prohibition on advertising an individual home.

Some of our most entertaining threads have come from realtors advertising homes here. Here is my favorite, Life is good in Amarillo!

Josh

[barnaby33]

Why would that be breaking any rules? Unless you are the realtor; even then it would just be rude. I doubt Rich has a prohibition on advertising an individual home.

Some of our most entertaining threads have come from realtors advertising homes here. Here is my favorite, Life is good in Amarillo!

Josh

[barnaby33]

Why would that be breaking any rules? Unless you are the realtor; even then it would just be rude. I doubt Rich has a prohibition on advertising an individual home.

Some of our most entertaining threads have come from realtors advertising homes here. Here is my favorite, Life is good in Amarillo!

Josh

[barnaby33]

Why would that be breaking any rules? Unless you are the realtor; even then it would just be rude. I doubt Rich has a prohibition on advertising an individual home.

Some of our most entertaining threads have come from realtors advertising homes here. Here is my favorite, Life is good in Amarillo!

Josh

[barnaby33]

Why would that be breaking any rules? Unless you are the realtor; even then it would just be rude. I doubt Rich has a prohibition on advertising an individual home.

Some of our most entertaining threads have come from realtors advertising homes here. Here is my favorite, Life is good in Amarillo!

Josh

[barnaby33]

Nice summary of the new Jumbo’s from Mr Mortgage aka Hedgie on TF.

Josh

[barnaby33]

Nice summary of the new Jumbo’s from Mr Mortgage aka Hedgie on TF.

Josh

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