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July 7, 2009 at 6:12 PM in reply to: U.S. Home Prices to Fall Through 2011’s First Quarter (Bloomberg News) #427196July 7, 2009 at 6:12 PM in reply to: U.S. Home Prices to Fall Through 2011’s First Quarter (Bloomberg News) #427358
(former)FormerSanDiegan
ParticipantThis company has been publishing this index for a while. It is interpreted as the percent chance that an area will experience lower prices in two years.
Let’s see what they said 2 years ago:
In the Summer of 2007, the percent chance of San Diego experiencing lower prices was … 55.5%.
I don’t know what to make of this index, it appears to be good at projecting recent past data into the future. That’s about it.
There are other interesting things in their report.
Their affordability index for San Diego for 1Q 2009 is 131*. This index is based on affordability relative to 1995. The interpretation is that housing in SD in 1Q 2009 was significantly more affordable than in 1995.
* Reference – Pages 6-7 of the “2nd Quarter 2009 Economic and Real Estate Trends Report” found here:
http://phx.corporate-ir.net/phoenix.zhtml?c=63356&p=irol-publications
July 6, 2009 at 2:32 PM in reply to: 1500 sq-ft house in MM just sold for $500k, did I miss the memo? #425917Participant[quote=briansd1]
If I can extract the maximum profit by selling my assets then I would do so.
If I can extract value (enjoyment) from an asset, superior to its market price, then I would keep the asset and use it.
Or if I can avoid further losses then I would sell the asset or even give it away (like an old used car).[/quote]
This sounds to me no different than what AN has stated for their property. Enjoy it for years, unless someone is stupid enough to pay them over market price in the short run.
I think the two of you actually agree with each other on this point.
July 6, 2009 at 2:32 PM in reply to: 1500 sq-ft house in MM just sold for $500k, did I miss the memo? #426147Participant[quote=briansd1]
If I can extract the maximum profit by selling my assets then I would do so.
If I can extract value (enjoyment) from an asset, superior to its market price, then I would keep the asset and use it.
Or if I can avoid further losses then I would sell the asset or even give it away (like an old used car).[/quote]
This sounds to me no different than what AN has stated for their property. Enjoy it for years, unless someone is stupid enough to pay them over market price in the short run.
I think the two of you actually agree with each other on this point.
July 6, 2009 at 2:32 PM in reply to: 1500 sq-ft house in MM just sold for $500k, did I miss the memo? #426433Participant[quote=briansd1]
If I can extract the maximum profit by selling my assets then I would do so.
If I can extract value (enjoyment) from an asset, superior to its market price, then I would keep the asset and use it.
Or if I can avoid further losses then I would sell the asset or even give it away (like an old used car).[/quote]
This sounds to me no different than what AN has stated for their property. Enjoy it for years, unless someone is stupid enough to pay them over market price in the short run.
I think the two of you actually agree with each other on this point.
July 6, 2009 at 2:32 PM in reply to: 1500 sq-ft house in MM just sold for $500k, did I miss the memo? #426503Participant[quote=briansd1]
If I can extract the maximum profit by selling my assets then I would do so.
If I can extract value (enjoyment) from an asset, superior to its market price, then I would keep the asset and use it.
Or if I can avoid further losses then I would sell the asset or even give it away (like an old used car).[/quote]
This sounds to me no different than what AN has stated for their property. Enjoy it for years, unless someone is stupid enough to pay them over market price in the short run.
I think the two of you actually agree with each other on this point.
July 6, 2009 at 2:32 PM in reply to: 1500 sq-ft house in MM just sold for $500k, did I miss the memo? #426666Participant[quote=briansd1]
If I can extract the maximum profit by selling my assets then I would do so.
If I can extract value (enjoyment) from an asset, superior to its market price, then I would keep the asset and use it.
Or if I can avoid further losses then I would sell the asset or even give it away (like an old used car).[/quote]
This sounds to me no different than what AN has stated for their property. Enjoy it for years, unless someone is stupid enough to pay them over market price in the short run.
I think the two of you actually agree with each other on this point.
July 6, 2009 at 2:29 PM in reply to: 1500 sq-ft house in MM just sold for $500k, did I miss the memo? #425913Participant[quote=briansd1]FormerSanDiegan, by NIMBY, I mean the overall attitude of homeowners who don’t like things that negatively affect the value of their houses, even to to the detriment of the community.
[/quote]Thanks for the clarification. Sounds like a prejudice that has nothing to do with AN’s comment.
[quote=briansd1]
My comments are in relations to other comments AN made in other threads about the house being a future legacy to his kids.
[/quote]It is always more clear to respond to statements made in other threads in those other threads.
July 6, 2009 at 2:29 PM in reply to: 1500 sq-ft house in MM just sold for $500k, did I miss the memo? #426142Participant[quote=briansd1]FormerSanDiegan, by NIMBY, I mean the overall attitude of homeowners who don’t like things that negatively affect the value of their houses, even to to the detriment of the community.
[/quote]Thanks for the clarification. Sounds like a prejudice that has nothing to do with AN’s comment.
[quote=briansd1]
My comments are in relations to other comments AN made in other threads about the house being a future legacy to his kids.
[/quote]It is always more clear to respond to statements made in other threads in those other threads.
July 6, 2009 at 2:29 PM in reply to: 1500 sq-ft house in MM just sold for $500k, did I miss the memo? #426428Participant[quote=briansd1]FormerSanDiegan, by NIMBY, I mean the overall attitude of homeowners who don’t like things that negatively affect the value of their houses, even to to the detriment of the community.
[/quote]Thanks for the clarification. Sounds like a prejudice that has nothing to do with AN’s comment.
[quote=briansd1]
My comments are in relations to other comments AN made in other threads about the house being a future legacy to his kids.
[/quote]It is always more clear to respond to statements made in other threads in those other threads.
July 6, 2009 at 2:29 PM in reply to: 1500 sq-ft house in MM just sold for $500k, did I miss the memo? #426498Participant[quote=briansd1]FormerSanDiegan, by NIMBY, I mean the overall attitude of homeowners who don’t like things that negatively affect the value of their houses, even to to the detriment of the community.
[/quote]Thanks for the clarification. Sounds like a prejudice that has nothing to do with AN’s comment.
[quote=briansd1]
My comments are in relations to other comments AN made in other threads about the house being a future legacy to his kids.
[/quote]It is always more clear to respond to statements made in other threads in those other threads.
July 6, 2009 at 2:29 PM in reply to: 1500 sq-ft house in MM just sold for $500k, did I miss the memo? #426661Participant[quote=briansd1]FormerSanDiegan, by NIMBY, I mean the overall attitude of homeowners who don’t like things that negatively affect the value of their houses, even to to the detriment of the community.
[/quote]Thanks for the clarification. Sounds like a prejudice that has nothing to do with AN’s comment.
[quote=briansd1]
My comments are in relations to other comments AN made in other threads about the house being a future legacy to his kids.
[/quote]It is always more clear to respond to statements made in other threads in those other threads.
July 6, 2009 at 2:08 PM in reply to: 1500 sq-ft house in MM just sold for $500k, did I miss the memo? #425882Participant[quote=briansd1][quote=AN]
We were actually talking about that when I showed her this house. She’s perfectly fine going back to renting if we can pocket $100k :-).[/quote]For $100k, you’re not leaving the house to the kids.
Typical NIMBY self-serving type mentality. Nothing do to with economics and fundamentals.[/quote]
A NIMBY is someone who does not want development in their neighborhood (as in “Not In My BackYard).
What does NIMBYism have to do with AN’s comments ?
Pending other evidence to the contrary, the above quip by briansd1 appears to be intended to incite versus enlighten or prove a point.
July 6, 2009 at 2:08 PM in reply to: 1500 sq-ft house in MM just sold for $500k, did I miss the memo? #426112Participant[quote=briansd1][quote=AN]
We were actually talking about that when I showed her this house. She’s perfectly fine going back to renting if we can pocket $100k :-).[/quote]For $100k, you’re not leaving the house to the kids.
Typical NIMBY self-serving type mentality. Nothing do to with economics and fundamentals.[/quote]
A NIMBY is someone who does not want development in their neighborhood (as in “Not In My BackYard).
What does NIMBYism have to do with AN’s comments ?
Pending other evidence to the contrary, the above quip by briansd1 appears to be intended to incite versus enlighten or prove a point.
July 6, 2009 at 2:08 PM in reply to: 1500 sq-ft house in MM just sold for $500k, did I miss the memo? #426398Participant[quote=briansd1][quote=AN]
We were actually talking about that when I showed her this house. She’s perfectly fine going back to renting if we can pocket $100k :-).[/quote]For $100k, you’re not leaving the house to the kids.
Typical NIMBY self-serving type mentality. Nothing do to with economics and fundamentals.[/quote]
A NIMBY is someone who does not want development in their neighborhood (as in “Not In My BackYard).
What does NIMBYism have to do with AN’s comments ?
Pending other evidence to the contrary, the above quip by briansd1 appears to be intended to incite versus enlighten or prove a point.
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