[bsrsharma]

FSD,

I think there is simply no demand that can sustain rents much more than $1000 (BTW, that was just an indicative figure I used), say beyond $1500, in today’s $, for Claremont area. People with earning potential to pay $2000 p.m. want to live better; either out-of-town or out-of-state. It is the U-Haul phenomenon, more than anything else, that will bring rents and home prices in line with incomes.

I just realized I am writing this to a Former SD!

[bsrsharma]

FSD, this one http://sandiego.craigslist.org/csd/apa/762753896.html

is offered at $1495 for a 3BR

I think we are at the leading edge of a long drawn slowdown/recession. As time passes, rents will fall with outmigration lowering demand and housing crisis adding supples via accidental landlord route.

I don’t think there is enough job creation going on to sustain $2000 p.m. rentals for a 3BR place in Claremont.

[bsrsharma]

FSD, this one http://sandiego.craigslist.org/csd/apa/762753896.html

is offered at $1495 for a 3BR

I think we are at the leading edge of a long drawn slowdown/recession. As time passes, rents will fall with outmigration lowering demand and housing crisis adding supples via accidental landlord route.

I don’t think there is enough job creation going on to sustain $2000 p.m. rentals for a 3BR place in Claremont.

[bsrsharma]

FSD, this one http://sandiego.craigslist.org/csd/apa/762753896.html

is offered at $1495 for a 3BR

I think we are at the leading edge of a long drawn slowdown/recession. As time passes, rents will fall with outmigration lowering demand and housing crisis adding supples via accidental landlord route.

I don’t think there is enough job creation going on to sustain $2000 p.m. rentals for a 3BR place in Claremont.

[bsrsharma]

FSD, this one http://sandiego.craigslist.org/csd/apa/762753896.html

is offered at $1495 for a 3BR

I think we are at the leading edge of a long drawn slowdown/recession. As time passes, rents will fall with outmigration lowering demand and housing crisis adding supples via accidental landlord route.

I don’t think there is enough job creation going on to sustain $2000 p.m. rentals for a 3BR place in Claremont.

[bsrsharma]

FSD, this one http://sandiego.craigslist.org/csd/apa/762753896.html

is offered at $1495 for a 3BR

I think we are at the leading edge of a long drawn slowdown/recession. As time passes, rents will fall with outmigration lowering demand and housing crisis adding supples via accidental landlord route.

I don’t think there is enough job creation going on to sustain $2000 p.m. rentals for a 3BR place in Claremont.

[bsrsharma]

Based on MEDIAN PRICES June ’08 (U-T data)
Resale houses $405,000
Resale condos $259,000
New homes/condos* $490,000
All combined $370,000

If you assume a monthly rent of $1000, a “cash flow neutral” house at 5% cost of money, very approximately, works out $240,000 (=$1000*12*20)

Based on June ’08 prices, further price drop to reach $240K is:

Resale houses: 40%
Resale condos: 7%
New homes/condos: 51%
All combined: 35%

Considering all the variability in this scatter shot analysis, 47% seems to fit in quite well.

[bsrsharma]

Based on MEDIAN PRICES June ’08 (U-T data)
Resale houses $405,000
Resale condos $259,000
New homes/condos* $490,000
All combined $370,000

If you assume a monthly rent of $1000, a “cash flow neutral” house at 5% cost of money, very approximately, works out $240,000 (=$1000*12*20)

Based on June ’08 prices, further price drop to reach $240K is:

Resale houses: 40%
Resale condos: 7%
New homes/condos: 51%
All combined: 35%

Considering all the variability in this scatter shot analysis, 47% seems to fit in quite well.

[bsrsharma]

Based on MEDIAN PRICES June ’08 (U-T data)
Resale houses $405,000
Resale condos $259,000
New homes/condos* $490,000
All combined $370,000

If you assume a monthly rent of $1000, a “cash flow neutral” house at 5% cost of money, very approximately, works out $240,000 (=$1000*12*20)

Based on June ’08 prices, further price drop to reach $240K is:

Resale houses: 40%
Resale condos: 7%
New homes/condos: 51%
All combined: 35%

Considering all the variability in this scatter shot analysis, 47% seems to fit in quite well.

[bsrsharma]

Based on MEDIAN PRICES June ’08 (U-T data)
Resale houses $405,000
Resale condos $259,000
New homes/condos* $490,000
All combined $370,000

If you assume a monthly rent of $1000, a “cash flow neutral” house at 5% cost of money, very approximately, works out $240,000 (=$1000*12*20)

Based on June ’08 prices, further price drop to reach $240K is:

Resale houses: 40%
Resale condos: 7%
New homes/condos: 51%
All combined: 35%

Considering all the variability in this scatter shot analysis, 47% seems to fit in quite well.

[bsrsharma]

Based on MEDIAN PRICES June ’08 (U-T data)
Resale houses $405,000
Resale condos $259,000
New homes/condos* $490,000
All combined $370,000

If you assume a monthly rent of $1000, a “cash flow neutral” house at 5% cost of money, very approximately, works out $240,000 (=$1000*12*20)

Based on June ’08 prices, further price drop to reach $240K is:

Resale houses: 40%
Resale condos: 7%
New homes/condos: 51%
All combined: 35%

Considering all the variability in this scatter shot analysis, 47% seems to fit in quite well.

[bsrsharma]

He ventured forth to bring light to the world

The anointed one’s pilgrimage to the Holy Land is a miracle in action – and a blessing to all his faithful followers

http://www.timesonline.co.uk/tol/comment/columnists/gerard_baker/article4392846.ece

[bsrsharma]

He ventured forth to bring light to the world

The anointed one’s pilgrimage to the Holy Land is a miracle in action – and a blessing to all his faithful followers

http://www.timesonline.co.uk/tol/comment/columnists/gerard_baker/article4392846.ece

[bsrsharma]

He ventured forth to bring light to the world

The anointed one’s pilgrimage to the Holy Land is a miracle in action – and a blessing to all his faithful followers

http://www.timesonline.co.uk/tol/comment/columnists/gerard_baker/article4392846.ece

[bsrsharma]

He ventured forth to bring light to the world

The anointed one’s pilgrimage to the Holy Land is a miracle in action – and a blessing to all his faithful followers

http://www.timesonline.co.uk/tol/comment/columnists/gerard_baker/article4392846.ece

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