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former SoCal
ParticipantFormer Socal
I bought in the Lamorinda (East Bay of SF) in Dec 2005 after moving from Southern Cal. We bid on ~12 houses before buying one. But we never went more than $100K over asking with is why it took so long to get a house.
NOW…Prices for the same tract home as mine are going for about $50K less… asking price about the same, just no more overbidding. Sales are slower weeks instead of days or even hours.
I would say a slow down not a big drop. I am planning to buy my retirement in SD and that’s why I read this site. Someday…back in the sunshine.
ParticipantFormer Socal
I bought in the Lamorinda (East Bay of SF) in Dec 2005 after moving from Southern Cal. We bid on ~12 houses before buying one. But we never went more than $100K over asking with is why it took so long to get a house.
NOW…Prices for the same tract home as mine are going for about $50K less… asking price about the same, just no more overbidding. Sales are slower weeks instead of days or even hours.
I would say a slow down not a big drop. I am planning to buy my retirement in SD and that’s why I read this site. Someday…back in the sunshine.
ParticipantFormer Socal
I bought in the Lamorinda (East Bay of SF) in Dec 2005 after moving from Southern Cal. We bid on ~12 houses before buying one. But we never went more than $100K over asking with is why it took so long to get a house.
NOW…Prices for the same tract home as mine are going for about $50K less… asking price about the same, just no more overbidding. Sales are slower weeks instead of days or even hours.
I would say a slow down not a big drop. I am planning to buy my retirement in SD and that’s why I read this site. Someday…back in the sunshine.
ParticipantFormer Socal
I bought in the Lamorinda (East Bay of SF) in Dec 2005 after moving from Southern Cal. We bid on ~12 houses before buying one. But we never went more than $100K over asking with is why it took so long to get a house.
NOW…Prices for the same tract home as mine are going for about $50K less… asking price about the same, just no more overbidding. Sales are slower weeks instead of days or even hours.
I would say a slow down not a big drop. I am planning to buy my retirement in SD and that’s why I read this site. Someday…back in the sunshine.
ParticipantFormer Socal
I grew up in Redlands and my mom finally sold our family home 2 years ago. It’s a great community. I took my kids for a neighborhood walk on a visit before my mom sold. No one knew me after all I moved out when I went to college. The neighbors invited us into their backyard for a tour, gave us some fruit because their son went to high school the same time as 1 of my siblings.
Since then I’ve lived in Yorba Linda, Irvine and now the bay area. I never had that same sense of community and friendliness in any other place. But it’s HOT there and the smog in the 70’s when I was growing up was awful. It’s much better now but still smoggy. I plan to retire back to Southern California (someday) but not Redlands because of the heat.
ParticipantFormer Socal
Thanks for the info. I think I’ll stay away from those, sounds risky.ParticipantFormer Socal
Thanks for the info. I think I’ll stay away from those, sounds risky.ParticipantFormer Socal
Thanks for the info. I think I’ll stay away from those, sounds risky.ParticipantFormer Socal
Thanks for the info. I think I’ll stay away from those, sounds risky.ParticipantI won’t be able to retire for 10 years but would like to buy during a dip rather then wait 10 years and not be able to afford it. I think 25% off the peak may be enough, as I said haven’t kept up with prices in S. Cal. I would like to be say within 20 miles or the coast or at least not very hot if there is a local cool spot. I heard that Temecula has a nice microclimate for wine and is cheap but don’t know if that’s ocean influenced or not. Basically I want to grow bananas and stuff like that, warm weather but not hot and dry like that desert. I also lived in the high desert as a child (near San Bernardino) and don’t want to be that hot in my dotage.
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