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ParticipantI don’t care much one way or the other about the airport. Expand or contract, makes no difference to me.
HOWEVER, that airport and the surrounding business park was there long before the houses were. As far as I’m concerned, if there was any poor planning involved it was on the part of the people who bought in those areas without first deciding whether they could live in proximity to an airport.
Not only should their complaints be roundfiled, they should reimburse the city and the airport authority for costs associated with this frivolous opposition. Grow up and stop whining.
ParticipantI don’t care much one way or the other about the airport. Expand or contract, makes no difference to me.
HOWEVER, that airport and the surrounding business park was there long before the houses were. As far as I’m concerned, if there was any poor planning involved it was on the part of the people who bought in those areas without first deciding whether they could live in proximity to an airport.
Not only should their complaints be roundfiled, they should reimburse the city and the airport authority for costs associated with this frivolous opposition. Grow up and stop whining.
ParticipantI don’t care much one way or the other about the airport. Expand or contract, makes no difference to me.
HOWEVER, that airport and the surrounding business park was there long before the houses were. As far as I’m concerned, if there was any poor planning involved it was on the part of the people who bought in those areas without first deciding whether they could live in proximity to an airport.
Not only should their complaints be roundfiled, they should reimburse the city and the airport authority for costs associated with this frivolous opposition. Grow up and stop whining.
ParticipantI don’t care much one way or the other about the airport. Expand or contract, makes no difference to me.
HOWEVER, that airport and the surrounding business park was there long before the houses were. As far as I’m concerned, if there was any poor planning involved it was on the part of the people who bought in those areas without first deciding whether they could live in proximity to an airport.
Not only should their complaints be roundfiled, they should reimburse the city and the airport authority for costs associated with this frivolous opposition. Grow up and stop whining.
Participant23109VC,
Three things….
If I remember correctly, there were several uberbears here who speculated that your place might bottom out somewheres around $225k – $250k. That hasn’t happened (yet) and it is still possible that it may not ever happen. So you should take some comfort in knowing that YOU probably arent looking at a 50% loss.
You spent a lot of effort soliciting and analyzing the information that was available at the time. If memory serves you had other considerations in there as well. No matter what, you knew what the potential downsides were and you made an informed decision. As I see it, your main job right now is to just live with your decision and be happy with it.
One sale doesn’t make a trend by itself so don’t read too much into it. I may be wrong but I think it’ll probably be a little while yet before typical pricing passes the -50% mark.
Participant23109VC,
Three things….
If I remember correctly, there were several uberbears here who speculated that your place might bottom out somewheres around $225k – $250k. That hasn’t happened (yet) and it is still possible that it may not ever happen. So you should take some comfort in knowing that YOU probably arent looking at a 50% loss.
You spent a lot of effort soliciting and analyzing the information that was available at the time. If memory serves you had other considerations in there as well. No matter what, you knew what the potential downsides were and you made an informed decision. As I see it, your main job right now is to just live with your decision and be happy with it.
One sale doesn’t make a trend by itself so don’t read too much into it. I may be wrong but I think it’ll probably be a little while yet before typical pricing passes the -50% mark.
Participant23109VC,
Three things….
If I remember correctly, there were several uberbears here who speculated that your place might bottom out somewheres around $225k – $250k. That hasn’t happened (yet) and it is still possible that it may not ever happen. So you should take some comfort in knowing that YOU probably arent looking at a 50% loss.
You spent a lot of effort soliciting and analyzing the information that was available at the time. If memory serves you had other considerations in there as well. No matter what, you knew what the potential downsides were and you made an informed decision. As I see it, your main job right now is to just live with your decision and be happy with it.
One sale doesn’t make a trend by itself so don’t read too much into it. I may be wrong but I think it’ll probably be a little while yet before typical pricing passes the -50% mark.
Participant23109VC,
Three things….
If I remember correctly, there were several uberbears here who speculated that your place might bottom out somewheres around $225k – $250k. That hasn’t happened (yet) and it is still possible that it may not ever happen. So you should take some comfort in knowing that YOU probably arent looking at a 50% loss.
You spent a lot of effort soliciting and analyzing the information that was available at the time. If memory serves you had other considerations in there as well. No matter what, you knew what the potential downsides were and you made an informed decision. As I see it, your main job right now is to just live with your decision and be happy with it.
One sale doesn’t make a trend by itself so don’t read too much into it. I may be wrong but I think it’ll probably be a little while yet before typical pricing passes the -50% mark.
Participant23109VC,
Three things….
If I remember correctly, there were several uberbears here who speculated that your place might bottom out somewheres around $225k – $250k. That hasn’t happened (yet) and it is still possible that it may not ever happen. So you should take some comfort in knowing that YOU probably arent looking at a 50% loss.
You spent a lot of effort soliciting and analyzing the information that was available at the time. If memory serves you had other considerations in there as well. No matter what, you knew what the potential downsides were and you made an informed decision. As I see it, your main job right now is to just live with your decision and be happy with it.
One sale doesn’t make a trend by itself so don’t read too much into it. I may be wrong but I think it’ll probably be a little while yet before typical pricing passes the -50% mark.
ParticipantOne thing I’m starting to see at ground level is that the softening of the rental structure seems to be spreading.
In the past there have been periods were rents retracted a bit, although never anywhere near the extent that pricing has ebbed off of a peak. However, we’ve never had a period where rents have increased as quickly and as much as they did over the last 7 years. The ‘wealth effect’ became so pervasive in our economy that it even got into the rental market this time, whereas past increases were much more limited.
Depending on what happens in the general economy in this region over the next years I think there’s some possibility of the some significant rental declines. The mighty RE economic engine has derailed and the wages that are being lost there – directly and indirectly – aren’t coming back any time soon.
The bottom line is that regardless of how nice San Diego weather is, most people have no incentive to spend half of their gross income on their housing unless there’s a profit margin in the near term. Renters will always be acting in their own best interests and rental pricing is a huge consideration, so it will always be competitive.
So while I do expect pricing to level off when it nears parity with rental incomes, I also expect rents to retract some too. Just as with pricing, the desirable areas will be among the last where this happens, but if the general trend continues long enough it’ll eventually reach into those neighborhoods too.
ParticipantOne thing I’m starting to see at ground level is that the softening of the rental structure seems to be spreading.
In the past there have been periods were rents retracted a bit, although never anywhere near the extent that pricing has ebbed off of a peak. However, we’ve never had a period where rents have increased as quickly and as much as they did over the last 7 years. The ‘wealth effect’ became so pervasive in our economy that it even got into the rental market this time, whereas past increases were much more limited.
Depending on what happens in the general economy in this region over the next years I think there’s some possibility of the some significant rental declines. The mighty RE economic engine has derailed and the wages that are being lost there – directly and indirectly – aren’t coming back any time soon.
The bottom line is that regardless of how nice San Diego weather is, most people have no incentive to spend half of their gross income on their housing unless there’s a profit margin in the near term. Renters will always be acting in their own best interests and rental pricing is a huge consideration, so it will always be competitive.
So while I do expect pricing to level off when it nears parity with rental incomes, I also expect rents to retract some too. Just as with pricing, the desirable areas will be among the last where this happens, but if the general trend continues long enough it’ll eventually reach into those neighborhoods too.
ParticipantOne thing I’m starting to see at ground level is that the softening of the rental structure seems to be spreading.
In the past there have been periods were rents retracted a bit, although never anywhere near the extent that pricing has ebbed off of a peak. However, we’ve never had a period where rents have increased as quickly and as much as they did over the last 7 years. The ‘wealth effect’ became so pervasive in our economy that it even got into the rental market this time, whereas past increases were much more limited.
Depending on what happens in the general economy in this region over the next years I think there’s some possibility of the some significant rental declines. The mighty RE economic engine has derailed and the wages that are being lost there – directly and indirectly – aren’t coming back any time soon.
The bottom line is that regardless of how nice San Diego weather is, most people have no incentive to spend half of their gross income on their housing unless there’s a profit margin in the near term. Renters will always be acting in their own best interests and rental pricing is a huge consideration, so it will always be competitive.
So while I do expect pricing to level off when it nears parity with rental incomes, I also expect rents to retract some too. Just as with pricing, the desirable areas will be among the last where this happens, but if the general trend continues long enough it’ll eventually reach into those neighborhoods too.
ParticipantOne thing I’m starting to see at ground level is that the softening of the rental structure seems to be spreading.
In the past there have been periods were rents retracted a bit, although never anywhere near the extent that pricing has ebbed off of a peak. However, we’ve never had a period where rents have increased as quickly and as much as they did over the last 7 years. The ‘wealth effect’ became so pervasive in our economy that it even got into the rental market this time, whereas past increases were much more limited.
Depending on what happens in the general economy in this region over the next years I think there’s some possibility of the some significant rental declines. The mighty RE economic engine has derailed and the wages that are being lost there – directly and indirectly – aren’t coming back any time soon.
The bottom line is that regardless of how nice San Diego weather is, most people have no incentive to spend half of their gross income on their housing unless there’s a profit margin in the near term. Renters will always be acting in their own best interests and rental pricing is a huge consideration, so it will always be competitive.
So while I do expect pricing to level off when it nears parity with rental incomes, I also expect rents to retract some too. Just as with pricing, the desirable areas will be among the last where this happens, but if the general trend continues long enough it’ll eventually reach into those neighborhoods too.
ParticipantOne thing I’m starting to see at ground level is that the softening of the rental structure seems to be spreading.
In the past there have been periods were rents retracted a bit, although never anywhere near the extent that pricing has ebbed off of a peak. However, we’ve never had a period where rents have increased as quickly and as much as they did over the last 7 years. The ‘wealth effect’ became so pervasive in our economy that it even got into the rental market this time, whereas past increases were much more limited.
Depending on what happens in the general economy in this region over the next years I think there’s some possibility of the some significant rental declines. The mighty RE economic engine has derailed and the wages that are being lost there – directly and indirectly – aren’t coming back any time soon.
The bottom line is that regardless of how nice San Diego weather is, most people have no incentive to spend half of their gross income on their housing unless there’s a profit margin in the near term. Renters will always be acting in their own best interests and rental pricing is a huge consideration, so it will always be competitive.
So while I do expect pricing to level off when it nears parity with rental incomes, I also expect rents to retract some too. Just as with pricing, the desirable areas will be among the last where this happens, but if the general trend continues long enough it’ll eventually reach into those neighborhoods too.
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