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ParticipantThe guy I shared office space with for several years lived there until he sold out and retired to Oregon in 2005. His wife was a professor at the university. He really liked it – freeway close, easy access to services, very reasonable homes. I think Discovery Hills is one of the better buys in northern SD County for what you get. I’d much rather live there than San Elijo Ranch.
ParticipantThe guy I shared office space with for several years lived there until he sold out and retired to Oregon in 2005. His wife was a professor at the university. He really liked it – freeway close, easy access to services, very reasonable homes. I think Discovery Hills is one of the better buys in northern SD County for what you get. I’d much rather live there than San Elijo Ranch.
ParticipantThe guy I shared office space with for several years lived there until he sold out and retired to Oregon in 2005. His wife was a professor at the university. He really liked it – freeway close, easy access to services, very reasonable homes. I think Discovery Hills is one of the better buys in northern SD County for what you get. I’d much rather live there than San Elijo Ranch.
ParticipantThe guy I shared office space with for several years lived there until he sold out and retired to Oregon in 2005. His wife was a professor at the university. He really liked it – freeway close, easy access to services, very reasonable homes. I think Discovery Hills is one of the better buys in northern SD County for what you get. I’d much rather live there than San Elijo Ranch.
ParticipantI’m on record as saying I think it’s all connected, but the connections between these various areas are indirect, not direct. An average includes the highs and the lows. Just be the sheer volume of buyers and sellers, the lower priced markets dwarf the highest priced markets. Enough so that I don’t think whatever happens in RSF and Fairbanks has any effect on the Countywide medians. There just aren’t enough of those sales to make a difference.
In the RSF zip area of 92067 there were only 116 sales of SFRs and condos in the MLS for all of 2007. Even though 2007 was a really bad year for sales in the County the 116 sales is literally just a drop in the bucket of the 25,000 sales that during the year.
If an RSF home drops by 30% I would consider that to be a massive adjustment for its market segment. I’d be pretty shocked if RSF dropped by 40%. Never say never, but I think it’s unlikely.
ParticipantI’m on record as saying I think it’s all connected, but the connections between these various areas are indirect, not direct. An average includes the highs and the lows. Just be the sheer volume of buyers and sellers, the lower priced markets dwarf the highest priced markets. Enough so that I don’t think whatever happens in RSF and Fairbanks has any effect on the Countywide medians. There just aren’t enough of those sales to make a difference.
In the RSF zip area of 92067 there were only 116 sales of SFRs and condos in the MLS for all of 2007. Even though 2007 was a really bad year for sales in the County the 116 sales is literally just a drop in the bucket of the 25,000 sales that during the year.
If an RSF home drops by 30% I would consider that to be a massive adjustment for its market segment. I’d be pretty shocked if RSF dropped by 40%. Never say never, but I think it’s unlikely.
ParticipantI’m on record as saying I think it’s all connected, but the connections between these various areas are indirect, not direct. An average includes the highs and the lows. Just be the sheer volume of buyers and sellers, the lower priced markets dwarf the highest priced markets. Enough so that I don’t think whatever happens in RSF and Fairbanks has any effect on the Countywide medians. There just aren’t enough of those sales to make a difference.
In the RSF zip area of 92067 there were only 116 sales of SFRs and condos in the MLS for all of 2007. Even though 2007 was a really bad year for sales in the County the 116 sales is literally just a drop in the bucket of the 25,000 sales that during the year.
If an RSF home drops by 30% I would consider that to be a massive adjustment for its market segment. I’d be pretty shocked if RSF dropped by 40%. Never say never, but I think it’s unlikely.
ParticipantI’m on record as saying I think it’s all connected, but the connections between these various areas are indirect, not direct. An average includes the highs and the lows. Just be the sheer volume of buyers and sellers, the lower priced markets dwarf the highest priced markets. Enough so that I don’t think whatever happens in RSF and Fairbanks has any effect on the Countywide medians. There just aren’t enough of those sales to make a difference.
In the RSF zip area of 92067 there were only 116 sales of SFRs and condos in the MLS for all of 2007. Even though 2007 was a really bad year for sales in the County the 116 sales is literally just a drop in the bucket of the 25,000 sales that during the year.
If an RSF home drops by 30% I would consider that to be a massive adjustment for its market segment. I’d be pretty shocked if RSF dropped by 40%. Never say never, but I think it’s unlikely.
ParticipantI’m on record as saying I think it’s all connected, but the connections between these various areas are indirect, not direct. An average includes the highs and the lows. Just be the sheer volume of buyers and sellers, the lower priced markets dwarf the highest priced markets. Enough so that I don’t think whatever happens in RSF and Fairbanks has any effect on the Countywide medians. There just aren’t enough of those sales to make a difference.
In the RSF zip area of 92067 there were only 116 sales of SFRs and condos in the MLS for all of 2007. Even though 2007 was a really bad year for sales in the County the 116 sales is literally just a drop in the bucket of the 25,000 sales that during the year.
If an RSF home drops by 30% I would consider that to be a massive adjustment for its market segment. I’d be pretty shocked if RSF dropped by 40%. Never say never, but I think it’s unlikely.
ParticipantT-troll,
The reason everyone is watching Temecula is because (apparently unlike you) we were smart enough to recognize that the trend for decline will work its way in from the outlying areas. Indeed, that’s exactly what has been happening. Temecula is less than a year ahead of Oceanside and Vista right now, and (percentagewise) where Temecula was 12-15 months ago is where San Elijo Ranch and other areas of San Marcos are right about now.
It’s all connected. If ths trend hasn’t gotten to your neighbohood yet, it will soon enough. Time is not on your side. Foreclosures have yet to peak for this wave of the ARM resets and we’re not even done with this wave, let alone the next wave that’s scheduled to come.
If you’re holding a mortgage right now you should probably stop thinking of yourself as the owner of that property; that’s because right now that property owns you.
ParticipantT-troll,
The reason everyone is watching Temecula is because (apparently unlike you) we were smart enough to recognize that the trend for decline will work its way in from the outlying areas. Indeed, that’s exactly what has been happening. Temecula is less than a year ahead of Oceanside and Vista right now, and (percentagewise) where Temecula was 12-15 months ago is where San Elijo Ranch and other areas of San Marcos are right about now.
It’s all connected. If ths trend hasn’t gotten to your neighbohood yet, it will soon enough. Time is not on your side. Foreclosures have yet to peak for this wave of the ARM resets and we’re not even done with this wave, let alone the next wave that’s scheduled to come.
If you’re holding a mortgage right now you should probably stop thinking of yourself as the owner of that property; that’s because right now that property owns you.
ParticipantT-troll,
The reason everyone is watching Temecula is because (apparently unlike you) we were smart enough to recognize that the trend for decline will work its way in from the outlying areas. Indeed, that’s exactly what has been happening. Temecula is less than a year ahead of Oceanside and Vista right now, and (percentagewise) where Temecula was 12-15 months ago is where San Elijo Ranch and other areas of San Marcos are right about now.
It’s all connected. If ths trend hasn’t gotten to your neighbohood yet, it will soon enough. Time is not on your side. Foreclosures have yet to peak for this wave of the ARM resets and we’re not even done with this wave, let alone the next wave that’s scheduled to come.
If you’re holding a mortgage right now you should probably stop thinking of yourself as the owner of that property; that’s because right now that property owns you.
ParticipantT-troll,
The reason everyone is watching Temecula is because (apparently unlike you) we were smart enough to recognize that the trend for decline will work its way in from the outlying areas. Indeed, that’s exactly what has been happening. Temecula is less than a year ahead of Oceanside and Vista right now, and (percentagewise) where Temecula was 12-15 months ago is where San Elijo Ranch and other areas of San Marcos are right about now.
It’s all connected. If ths trend hasn’t gotten to your neighbohood yet, it will soon enough. Time is not on your side. Foreclosures have yet to peak for this wave of the ARM resets and we’re not even done with this wave, let alone the next wave that’s scheduled to come.
If you’re holding a mortgage right now you should probably stop thinking of yourself as the owner of that property; that’s because right now that property owns you.
ParticipantT-troll,
The reason everyone is watching Temecula is because (apparently unlike you) we were smart enough to recognize that the trend for decline will work its way in from the outlying areas. Indeed, that’s exactly what has been happening. Temecula is less than a year ahead of Oceanside and Vista right now, and (percentagewise) where Temecula was 12-15 months ago is where San Elijo Ranch and other areas of San Marcos are right about now.
It’s all connected. If ths trend hasn’t gotten to your neighbohood yet, it will soon enough. Time is not on your side. Foreclosures have yet to peak for this wave of the ARM resets and we’re not even done with this wave, let alone the next wave that’s scheduled to come.
If you’re holding a mortgage right now you should probably stop thinking of yourself as the owner of that property; that’s because right now that property owns you.
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