[Eugene]

Have not seen this for a couple of years at least.

Maybe you weren’t paying attention?

203 Rosebay Dr was sold just this April for 400k. Yeah it’s 2br/1ba and 827 sf, but it’s very much a SFR. 195 Rosebay in January (3br). A house exactly like the one you’re referring to (146 Village Run West, 3br, 1300 sf) sold at the height of the market for 485k.

[Eugene]

Have not seen this for a couple of years at least.

Maybe you weren’t paying attention?

203 Rosebay Dr was sold just this April for 400k. Yeah it’s 2br/1ba and 827 sf, but it’s very much a SFR. 195 Rosebay in January (3br). A house exactly like the one you’re referring to (146 Village Run West, 3br, 1300 sf) sold at the height of the market for 485k.

[Eugene]

I think that the housing market in Bay Area is starting to crumble along the edges, it’s just that the decline is not nearly as advanced as here in SD. Central areas like Mountain View or Los Altos are still holding well, but Vallejo and Livermore and Gilroy are disaster zones.

[Eugene]

I think that the housing market in Bay Area is starting to crumble along the edges, it’s just that the decline is not nearly as advanced as here in SD. Central areas like Mountain View or Los Altos are still holding well, but Vallejo and Livermore and Gilroy are disaster zones.

[Eugene]

I think that the housing market in Bay Area is starting to crumble along the edges, it’s just that the decline is not nearly as advanced as here in SD. Central areas like Mountain View or Los Altos are still holding well, but Vallejo and Livermore and Gilroy are disaster zones.

[Eugene]

I think that the housing market in Bay Area is starting to crumble along the edges, it’s just that the decline is not nearly as advanced as here in SD. Central areas like Mountain View or Los Altos are still holding well, but Vallejo and Livermore and Gilroy are disaster zones.

[Eugene]

I think that the housing market in Bay Area is starting to crumble along the edges, it’s just that the decline is not nearly as advanced as here in SD. Central areas like Mountain View or Los Altos are still holding well, but Vallejo and Livermore and Gilroy are disaster zones.

[Eugene]

I agree with most of your points with possible exception of the last one. Yes, today’s renters with six- or seven-digit sums in liquid investments are better positioned to take advantage of rock-bottom prices of 2009+ than today’s homeowners. Yes, houses are less affordable today than they were in 2003 (duh!) That’s precisely why prices are going to fall. At least to 2003 affordability level if not lower. (Probably lower if 2003 affordability level means zero down and 45% debt-to-income, and 2010 homebuyer needs a 20% down payment and 30% debt-to-income). I don’t think that wealthy people can buy off enough houses in Encinitas to keep them unaffordable to poorer people indefinitely.

[Eugene]

I agree with most of your points with possible exception of the last one. Yes, today’s renters with six- or seven-digit sums in liquid investments are better positioned to take advantage of rock-bottom prices of 2009+ than today’s homeowners. Yes, houses are less affordable today than they were in 2003 (duh!) That’s precisely why prices are going to fall. At least to 2003 affordability level if not lower. (Probably lower if 2003 affordability level means zero down and 45% debt-to-income, and 2010 homebuyer needs a 20% down payment and 30% debt-to-income). I don’t think that wealthy people can buy off enough houses in Encinitas to keep them unaffordable to poorer people indefinitely.

[Eugene]

I agree with most of your points with possible exception of the last one. Yes, today’s renters with six- or seven-digit sums in liquid investments are better positioned to take advantage of rock-bottom prices of 2009+ than today’s homeowners. Yes, houses are less affordable today than they were in 2003 (duh!) That’s precisely why prices are going to fall. At least to 2003 affordability level if not lower. (Probably lower if 2003 affordability level means zero down and 45% debt-to-income, and 2010 homebuyer needs a 20% down payment and 30% debt-to-income). I don’t think that wealthy people can buy off enough houses in Encinitas to keep them unaffordable to poorer people indefinitely.

[Eugene]

I agree with most of your points with possible exception of the last one. Yes, today’s renters with six- or seven-digit sums in liquid investments are better positioned to take advantage of rock-bottom prices of 2009+ than today’s homeowners. Yes, houses are less affordable today than they were in 2003 (duh!) That’s precisely why prices are going to fall. At least to 2003 affordability level if not lower. (Probably lower if 2003 affordability level means zero down and 45% debt-to-income, and 2010 homebuyer needs a 20% down payment and 30% debt-to-income). I don’t think that wealthy people can buy off enough houses in Encinitas to keep them unaffordable to poorer people indefinitely.

[Eugene]

I agree with most of your points with possible exception of the last one. Yes, today’s renters with six- or seven-digit sums in liquid investments are better positioned to take advantage of rock-bottom prices of 2009+ than today’s homeowners. Yes, houses are less affordable today than they were in 2003 (duh!) That’s precisely why prices are going to fall. At least to 2003 affordability level if not lower. (Probably lower if 2003 affordability level means zero down and 45% debt-to-income, and 2010 homebuyer needs a 20% down payment and 30% debt-to-income). I don’t think that wealthy people can buy off enough houses in Encinitas to keep them unaffordable to poorer people indefinitely.

[Eugene]

I wouldn’t call $250/sf in Mira Mesa extraordinary pricing.

8969 Libra Dr: 430k for 2255 sf ($191/sf)
9051 Penticton Way: 428k for 2138 sf ($200/sf)

Now 250/sf in University City, that would be nice to see.

[Eugene]

I wouldn’t call $250/sf in Mira Mesa extraordinary pricing.

8969 Libra Dr: 430k for 2255 sf ($191/sf)
9051 Penticton Way: 428k for 2138 sf ($200/sf)

Now 250/sf in University City, that would be nice to see.

[Eugene]

I wouldn’t call $250/sf in Mira Mesa extraordinary pricing.

8969 Libra Dr: 430k for 2255 sf ($191/sf)
9051 Penticton Way: 428k for 2138 sf ($200/sf)

Now 250/sf in University City, that would be nice to see.

[Author]

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