[Bob]

[quote=eclipxe] In normal times Temecula is always a “deal” because of the location factor.[/quote]

The key point here is that we aren’t in “normal” times. And as I’ve stated over and over, the bottom has yet to hit in northern San Diego County. Temecula has always been a bedroom community for San Diego commuters – and TV prices won’t rebound until the bottom first hits in San Diego County.

As for the “deals”, I was referring not only to Temecula, but the entire country. Other markets, including Las Vegas and Phoenix, are seeing the same flurry of sales activity the past few months, and it has everything to do with low interest rates and lowball list prices.

[Bob]

[quote=eclipxe] In normal times Temecula is always a “deal” because of the location factor.[/quote]

The key point here is that we aren’t in “normal” times. And as I’ve stated over and over, the bottom has yet to hit in northern San Diego County. Temecula has always been a bedroom community for San Diego commuters – and TV prices won’t rebound until the bottom first hits in San Diego County.

As for the “deals”, I was referring not only to Temecula, but the entire country. Other markets, including Las Vegas and Phoenix, are seeing the same flurry of sales activity the past few months, and it has everything to do with low interest rates and lowball list prices.

[Bob]

[quote=eclipxe] In normal times Temecula is always a “deal” because of the location factor.[/quote]

The key point here is that we aren’t in “normal” times. And as I’ve stated over and over, the bottom has yet to hit in northern San Diego County. Temecula has always been a bedroom community for San Diego commuters – and TV prices won’t rebound until the bottom first hits in San Diego County.

As for the “deals”, I was referring not only to Temecula, but the entire country. Other markets, including Las Vegas and Phoenix, are seeing the same flurry of sales activity the past few months, and it has everything to do with low interest rates and lowball list prices.

[Bob]

[quote=eclipxe] In normal times Temecula is always a “deal” because of the location factor.[/quote]

The key point here is that we aren’t in “normal” times. And as I’ve stated over and over, the bottom has yet to hit in northern San Diego County. Temecula has always been a bedroom community for San Diego commuters – and TV prices won’t rebound until the bottom first hits in San Diego County.

As for the “deals”, I was referring not only to Temecula, but the entire country. Other markets, including Las Vegas and Phoenix, are seeing the same flurry of sales activity the past few months, and it has everything to do with low interest rates and lowball list prices.

[Bob]

[quote=eclipxe] In normal times Temecula is always a “deal” because of the location factor.[/quote]

The key point here is that we aren’t in “normal” times. And as I’ve stated over and over, the bottom has yet to hit in northern San Diego County. Temecula has always been a bedroom community for San Diego commuters – and TV prices won’t rebound until the bottom first hits in San Diego County.

As for the “deals”, I was referring not only to Temecula, but the entire country. Other markets, including Las Vegas and Phoenix, are seeing the same flurry of sales activity the past few months, and it has everything to do with low interest rates and lowball list prices.

[Bob]

[quote=Rich Toscano][quote=jpinpb]Wouldn’t the median go up in price as the high end reduces, thus falling into the median bracket?[/quote]

Anyway, as to the original post — that housingtracker site measures asking prices… as this redfin chart shows, there is a difference twixt asking and selling prices:

Rich[/quote]

Excellent point….the fact is, prices AREN’T going up. If anything, banks continue to price lowball listings to get people in the door.

Next….

[Bob]

[quote=Rich Toscano][quote=jpinpb]Wouldn’t the median go up in price as the high end reduces, thus falling into the median bracket?[/quote]

Anyway, as to the original post — that housingtracker site measures asking prices… as this redfin chart shows, there is a difference twixt asking and selling prices:

Rich[/quote]

Excellent point….the fact is, prices AREN’T going up. If anything, banks continue to price lowball listings to get people in the door.

Next….

[Bob]

[quote=Rich Toscano][quote=jpinpb]Wouldn’t the median go up in price as the high end reduces, thus falling into the median bracket?[/quote]

Anyway, as to the original post — that housingtracker site measures asking prices… as this redfin chart shows, there is a difference twixt asking and selling prices:

Rich[/quote]

Excellent point….the fact is, prices AREN’T going up. If anything, banks continue to price lowball listings to get people in the door.

Next….

[Bob]

[quote=Rich Toscano][quote=jpinpb]Wouldn’t the median go up in price as the high end reduces, thus falling into the median bracket?[/quote]

Anyway, as to the original post — that housingtracker site measures asking prices… as this redfin chart shows, there is a difference twixt asking and selling prices:

Rich[/quote]

Excellent point….the fact is, prices AREN’T going up. If anything, banks continue to price lowball listings to get people in the door.

Next….

[Bob]

[quote=Rich Toscano][quote=jpinpb]Wouldn’t the median go up in price as the high end reduces, thus falling into the median bracket?[/quote]

Anyway, as to the original post — that housingtracker site measures asking prices… as this redfin chart shows, there is a difference twixt asking and selling prices:

Rich[/quote]

Excellent point….the fact is, prices AREN’T going up. If anything, banks continue to price lowball listings to get people in the door.

Next….

[Bob]

[quote=Allan from Fallbrook] So Greenspan presided over nearly two decades of feckless and reckless monetary policy and the pols not only loosened the regulatory leash, they threw it away completely.[/quote]

You are correct, and the Feds continue to do so even now. In fact, current spending is so far beyond control that the only way to solve the debt problem in future years will be to devalue the dollar, raise taxes, and cut entitlement programs. Of course, this will cause inflation, and put a real drag on the economy….but what do the banks care ? They’ve got an unlimited supply of bailout money as long as Obama is in office.

[Bob]

[quote=Allan from Fallbrook] So Greenspan presided over nearly two decades of feckless and reckless monetary policy and the pols not only loosened the regulatory leash, they threw it away completely.[/quote]

You are correct, and the Feds continue to do so even now. In fact, current spending is so far beyond control that the only way to solve the debt problem in future years will be to devalue the dollar, raise taxes, and cut entitlement programs. Of course, this will cause inflation, and put a real drag on the economy….but what do the banks care ? They’ve got an unlimited supply of bailout money as long as Obama is in office.

[Bob]

[quote=Allan from Fallbrook] So Greenspan presided over nearly two decades of feckless and reckless monetary policy and the pols not only loosened the regulatory leash, they threw it away completely.[/quote]

You are correct, and the Feds continue to do so even now. In fact, current spending is so far beyond control that the only way to solve the debt problem in future years will be to devalue the dollar, raise taxes, and cut entitlement programs. Of course, this will cause inflation, and put a real drag on the economy….but what do the banks care ? They’ve got an unlimited supply of bailout money as long as Obama is in office.

[Bob]

[quote=Allan from Fallbrook] So Greenspan presided over nearly two decades of feckless and reckless monetary policy and the pols not only loosened the regulatory leash, they threw it away completely.[/quote]

You are correct, and the Feds continue to do so even now. In fact, current spending is so far beyond control that the only way to solve the debt problem in future years will be to devalue the dollar, raise taxes, and cut entitlement programs. Of course, this will cause inflation, and put a real drag on the economy….but what do the banks care ? They’ve got an unlimited supply of bailout money as long as Obama is in office.

[Bob]

[quote=Allan from Fallbrook] So Greenspan presided over nearly two decades of feckless and reckless monetary policy and the pols not only loosened the regulatory leash, they threw it away completely.[/quote]

You are correct, and the Feds continue to do so even now. In fact, current spending is so far beyond control that the only way to solve the debt problem in future years will be to devalue the dollar, raise taxes, and cut entitlement programs. Of course, this will cause inflation, and put a real drag on the economy….but what do the banks care ? They’ve got an unlimited supply of bailout money as long as Obama is in office.

[Author]

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