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January 15, 2008 at 4:44 PM in reply to: Anyone else think SoCal economy is headed for a big tailspin? #136698January 15, 2008 at 4:44 PM in reply to: Anyone else think SoCal economy is headed for a big tailspin? #136738
Eugene
ParticipantGet ready to see the brats junk their overpriced Hummers and BMWs for pennies on the dollar to survive
Hehe
BMWs should be relatively safe. BMW sells its cars in the US at a huge discount. They depreciate a lot, too.
A 3-4 year old BMW X5 (blue book $25k) would sell for $50k in Moscow. Even after transportation and tariffs, it almost makes financial sense to buy used BMWs in the States in bulk and ship them to Russia.
Hummers are a different story.
ParticipantI hope my posts bore you enough to add Rancho Santa Fe (92067) and Santa Luz (92127) to your analysis.
Santa Luz and Del Sur are included with 4S Ranch and Rancho Bernardo.
I don’t have enough resale data for 92067 to get reasonable accuracy.
Sorry if you already answered this question, but: Do you exclude the first sale of any given property?
No. In fact my data won’t even tell me if a sale is the first sale or not. But a house must sell at least twice between 1999 and today to affect the index.
ParticipantI hope my posts bore you enough to add Rancho Santa Fe (92067) and Santa Luz (92127) to your analysis.
Santa Luz and Del Sur are included with 4S Ranch and Rancho Bernardo.
I don’t have enough resale data for 92067 to get reasonable accuracy.
Sorry if you already answered this question, but: Do you exclude the first sale of any given property?
No. In fact my data won’t even tell me if a sale is the first sale or not. But a house must sell at least twice between 1999 and today to affect the index.
ParticipantI hope my posts bore you enough to add Rancho Santa Fe (92067) and Santa Luz (92127) to your analysis.
Santa Luz and Del Sur are included with 4S Ranch and Rancho Bernardo.
I don’t have enough resale data for 92067 to get reasonable accuracy.
Sorry if you already answered this question, but: Do you exclude the first sale of any given property?
No. In fact my data won’t even tell me if a sale is the first sale or not. But a house must sell at least twice between 1999 and today to affect the index.
ParticipantI hope my posts bore you enough to add Rancho Santa Fe (92067) and Santa Luz (92127) to your analysis.
Santa Luz and Del Sur are included with 4S Ranch and Rancho Bernardo.
I don’t have enough resale data for 92067 to get reasonable accuracy.
Sorry if you already answered this question, but: Do you exclude the first sale of any given property?
No. In fact my data won’t even tell me if a sale is the first sale or not. But a house must sell at least twice between 1999 and today to affect the index.
ParticipantI hope my posts bore you enough to add Rancho Santa Fe (92067) and Santa Luz (92127) to your analysis.
Santa Luz and Del Sur are included with 4S Ranch and Rancho Bernardo.
I don’t have enough resale data for 92067 to get reasonable accuracy.
Sorry if you already answered this question, but: Do you exclude the first sale of any given property?
No. In fact my data won’t even tell me if a sale is the first sale or not. But a house must sell at least twice between 1999 and today to affect the index.
ParticipantDecember numbers are in!
[img_assist|nid=6169|title=San Diego average – 07/12|desc=|link=node|align=left|width=466|height=354]
In the last three months, we’ve reversed the appreciation of February, March, and April of 2004.
C-S predictions:
November: 209 (-16.5%)
December: 202 (-19.5%)
January: 194 (-22.5%)At this rate of decline, sometime in 2010 house prices will hit zero.
[img_assist|nid=6170|title=Regions – 07/12|desc=|link=node|align=left|width=466|height=352]
ParticipantDecember numbers are in!
[img_assist|nid=6169|title=San Diego average – 07/12|desc=|link=node|align=left|width=466|height=354]
In the last three months, we’ve reversed the appreciation of February, March, and April of 2004.
C-S predictions:
November: 209 (-16.5%)
December: 202 (-19.5%)
January: 194 (-22.5%)At this rate of decline, sometime in 2010 house prices will hit zero.
[img_assist|nid=6170|title=Regions – 07/12|desc=|link=node|align=left|width=466|height=352]
ParticipantDecember numbers are in!
[img_assist|nid=6169|title=San Diego average – 07/12|desc=|link=node|align=left|width=466|height=354]
In the last three months, we’ve reversed the appreciation of February, March, and April of 2004.
C-S predictions:
November: 209 (-16.5%)
December: 202 (-19.5%)
January: 194 (-22.5%)At this rate of decline, sometime in 2010 house prices will hit zero.
[img_assist|nid=6170|title=Regions – 07/12|desc=|link=node|align=left|width=466|height=352]
ParticipantDecember numbers are in!
[img_assist|nid=6169|title=San Diego average – 07/12|desc=|link=node|align=left|width=466|height=354]
In the last three months, we’ve reversed the appreciation of February, March, and April of 2004.
C-S predictions:
November: 209 (-16.5%)
December: 202 (-19.5%)
January: 194 (-22.5%)At this rate of decline, sometime in 2010 house prices will hit zero.
[img_assist|nid=6170|title=Regions – 07/12|desc=|link=node|align=left|width=466|height=352]
ParticipantDecember numbers are in!
[img_assist|nid=6169|title=San Diego average – 07/12|desc=|link=node|align=left|width=466|height=354]
In the last three months, we’ve reversed the appreciation of February, March, and April of 2004.
C-S predictions:
November: 209 (-16.5%)
December: 202 (-19.5%)
January: 194 (-22.5%)At this rate of decline, sometime in 2010 house prices will hit zero.
[img_assist|nid=6170|title=Regions – 07/12|desc=|link=node|align=left|width=466|height=352]
Participantthe idiotic FOMC appears to have chosen the “print money” approach to this economic crisis (and to the larger problem of America’s excessive foreign debt)
Correction.
FOMC chose to appear to print their way out of this economic crisis.
The runup of gold is not justified by the amount of money that was printed thus far (which is basically zero).
Furthermore, there are some substantial limitations to how much the Fed CAN print unless ECB agrees to print money too which they seem to be reluctant to do.
Finally, global recession will dampen the demand for gold jewelry. Especially in China and India, and jewelry demand is something like 60-70% of total gold demand.
I think it’s a good time to start reducing your exposure to gold. Today it’s at $905. If it hits $1000, I’m going to cash out completely.
Participantthe idiotic FOMC appears to have chosen the “print money” approach to this economic crisis (and to the larger problem of America’s excessive foreign debt)
Correction.
FOMC chose to appear to print their way out of this economic crisis.
The runup of gold is not justified by the amount of money that was printed thus far (which is basically zero).
Furthermore, there are some substantial limitations to how much the Fed CAN print unless ECB agrees to print money too which they seem to be reluctant to do.
Finally, global recession will dampen the demand for gold jewelry. Especially in China and India, and jewelry demand is something like 60-70% of total gold demand.
I think it’s a good time to start reducing your exposure to gold. Today it’s at $905. If it hits $1000, I’m going to cash out completely.
Participantthe idiotic FOMC appears to have chosen the “print money” approach to this economic crisis (and to the larger problem of America’s excessive foreign debt)
Correction.
FOMC chose to appear to print their way out of this economic crisis.
The runup of gold is not justified by the amount of money that was printed thus far (which is basically zero).
Furthermore, there are some substantial limitations to how much the Fed CAN print unless ECB agrees to print money too which they seem to be reluctant to do.
Finally, global recession will dampen the demand for gold jewelry. Especially in China and India, and jewelry demand is something like 60-70% of total gold demand.
I think it’s a good time to start reducing your exposure to gold. Today it’s at $905. If it hits $1000, I’m going to cash out completely.
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