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bsrsharma
Participant23… How does the price you paid compare with that (kaboom) link? Can you tell the price & area or price/sqft? Is your home in Temecula city limits?
Participant23… How does the price you paid compare with that (kaboom) link? Can you tell the price & area or price/sqft? Is your home in Temecula city limits?
ParticipantSnail: Your link doesn’t have any Temecula homes; Right? I think the OP bought a Temecula home for $100/sqft. That is a good deal. When at least 25% of SD county homes reach $100 mark, I think you can call bottom.
ParticipantSnail: Your link doesn’t have any Temecula homes; Right? I think the OP bought a Temecula home for $100/sqft. That is a good deal. When at least 25% of SD county homes reach $100 mark, I think you can call bottom.
ParticipantExchange rate matters too. If UK Pound = 4 US $ say, A Londoner may like to sell his Outhouse and buy a San Francisco Townhouse.
ParticipantExchange rate matters too. If UK Pound = 4 US $ say, A Londoner may like to sell his Outhouse and buy a San Francisco Townhouse.
ParticipantAnd space rent?
ParticipantAnd space rent?
Participantgn – There is plenty of money internationally (Euro $, Petro $, China/Japan/Korea $) that keeps on growing every day. US trade deficit is about $2B per day. When the price is right, they will all swoop down and gobble up like vultures.
Participantgn – There is plenty of money internationally (Euro $, Petro $, China/Japan/Korea $) that keeps on growing every day. US trade deficit is about $2B per day. When the price is right, they will all swoop down and gobble up like vultures.
October 11, 2007 at 12:11 PM in reply to: Will honest people start doing dirty/crooked things to bail out of their houses #88112ParticipantReminds me of the saying: “If you borrow a Million $, the bank owns you; If you borrow a Billion $, you own the Bank”. Collectively, the borrowers own the banks now and can do pretty much what they want.
October 11, 2007 at 12:11 PM in reply to: Will honest people start doing dirty/crooked things to bail out of their houses #88117ParticipantReminds me of the saying: “If you borrow a Million $, the bank owns you; If you borrow a Billion $, you own the Bank”. Collectively, the borrowers own the banks now and can do pretty much what they want.
ParticipantColombo brings up an interesting point. Gateway cities should be considered as international markets; that gives them a powerful safety net. NYC/Boston are coupled to Europe, Bay Area is coupled to Asia, Seattle probably to Canada. When prices go down below a threshold, they become a bargain for the newly rich foreigners for whom $ price tags look like Big-Lot/Wal-Mart. Unfortunately, SD & LA are coupled to Mexico that doesn’t have such a strong purchasing power.
ParticipantColombo brings up an interesting point. Gateway cities should be considered as international markets; that gives them a powerful safety net. NYC/Boston are coupled to Europe, Bay Area is coupled to Asia, Seattle probably to Canada. When prices go down below a threshold, they become a bargain for the newly rich foreigners for whom $ price tags look like Big-Lot/Wal-Mart. Unfortunately, SD & LA are coupled to Mexico that doesn’t have such a strong purchasing power.
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