[(former)FormerSanDiegan]

[quote=4plexowner]”By any definition I could find”

seems like a complete definition would address the ability of the buyers to actually buy the item in question

let’s see, no more:
– zero down loans
– stated income (liars) loans
– cheap jumbo loans
– inflated appraisals

yep, sounds like a buyer’s market to me too[/quote]

“… ability of buyers to actually buy the item in question …”

BY definition if they are buyers they have the ability to buy. Otherwise they are onlookers.

As to whether one should buy currently ? Well that is another question altogether, and should not be confused with the term “buyer’s market”

But as to whether it’s a buyer’s market in economic terms. Of this there is no doubt.

[(former)FormerSanDiegan]

[quote=4plexowner]”By any definition I could find”

seems like a complete definition would address the ability of the buyers to actually buy the item in question

let’s see, no more:
– zero down loans
– stated income (liars) loans
– cheap jumbo loans
– inflated appraisals

yep, sounds like a buyer’s market to me too[/quote]

“… ability of buyers to actually buy the item in question …”

BY definition if they are buyers they have the ability to buy. Otherwise they are onlookers.

As to whether one should buy currently ? Well that is another question altogether, and should not be confused with the term “buyer’s market”

But as to whether it’s a buyer’s market in economic terms. Of this there is no doubt.

[(former)FormerSanDiegan]

[quote=DWCAP]FSD, just because SD housing has been falling faster/earlier than LA, doesn’t mean that it will be a direct correlation to rental movements. Population characteristics and the underlying changes in them could easily account for the delay in SD rentals being behind LA rentals. I am not saying you are wrong, I am not saying that we will have the same here in LA. I am saying that they dont have to follow one another in perfect harmony. [/quote]

I was just wondering out loud by what mechanism the OP thinks that SD rental market will follow LA’s.

I couldn’t think of any other than both are affected by the overall sucky economy.

[(former)FormerSanDiegan]

[quote=DWCAP]FSD, just because SD housing has been falling faster/earlier than LA, doesn’t mean that it will be a direct correlation to rental movements. Population characteristics and the underlying changes in them could easily account for the delay in SD rentals being behind LA rentals. I am not saying you are wrong, I am not saying that we will have the same here in LA. I am saying that they dont have to follow one another in perfect harmony. [/quote]

I was just wondering out loud by what mechanism the OP thinks that SD rental market will follow LA’s.

I couldn’t think of any other than both are affected by the overall sucky economy.

[(former)FormerSanDiegan]

[quote=DWCAP]FSD, just because SD housing has been falling faster/earlier than LA, doesn’t mean that it will be a direct correlation to rental movements. Population characteristics and the underlying changes in them could easily account for the delay in SD rentals being behind LA rentals. I am not saying you are wrong, I am not saying that we will have the same here in LA. I am saying that they dont have to follow one another in perfect harmony. [/quote]

I was just wondering out loud by what mechanism the OP thinks that SD rental market will follow LA’s.

I couldn’t think of any other than both are affected by the overall sucky economy.

[(former)FormerSanDiegan]

[quote=DWCAP]FSD, just because SD housing has been falling faster/earlier than LA, doesn’t mean that it will be a direct correlation to rental movements. Population characteristics and the underlying changes in them could easily account for the delay in SD rentals being behind LA rentals. I am not saying you are wrong, I am not saying that we will have the same here in LA. I am saying that they dont have to follow one another in perfect harmony. [/quote]

I was just wondering out loud by what mechanism the OP thinks that SD rental market will follow LA’s.

I couldn’t think of any other than both are affected by the overall sucky economy.

[(former)FormerSanDiegan]

[quote=DWCAP]FSD, just because SD housing has been falling faster/earlier than LA, doesn’t mean that it will be a direct correlation to rental movements. Population characteristics and the underlying changes in them could easily account for the delay in SD rentals being behind LA rentals. I am not saying you are wrong, I am not saying that we will have the same here in LA. I am saying that they dont have to follow one another in perfect harmony. [/quote]

I was just wondering out loud by what mechanism the OP thinks that SD rental market will follow LA’s.

I couldn’t think of any other than both are affected by the overall sucky economy.

[(former)FormerSanDiegan]

[quote=4plexowner]

interesting that now, just 2 or 3 years after the peak he is saying that we are in a buyers market

[/quote]

By any definition I could find, we ARE in a “buyer’s market.”

A buyer’s market is a market for a good (stocks, housing, etc.) where prices are falling and there are more parties interested in selling than in buying.

http://economics.about.com/cs/economicsglossary/g/buyers_market.htm

http://www.allbusiness.com/glossaries/buyers-market/4958868-1.html

http://www.answers.com/topic/buyer-s-market

[(former)FormerSanDiegan]

[quote=4plexowner]

interesting that now, just 2 or 3 years after the peak he is saying that we are in a buyers market

[/quote]

By any definition I could find, we ARE in a “buyer’s market.”

A buyer’s market is a market for a good (stocks, housing, etc.) where prices are falling and there are more parties interested in selling than in buying.

http://economics.about.com/cs/economicsglossary/g/buyers_market.htm

http://www.allbusiness.com/glossaries/buyers-market/4958868-1.html

http://www.answers.com/topic/buyer-s-market

[(former)FormerSanDiegan]

[quote=4plexowner]

interesting that now, just 2 or 3 years after the peak he is saying that we are in a buyers market

[/quote]

By any definition I could find, we ARE in a “buyer’s market.”

A buyer’s market is a market for a good (stocks, housing, etc.) where prices are falling and there are more parties interested in selling than in buying.

http://economics.about.com/cs/economicsglossary/g/buyers_market.htm

http://www.allbusiness.com/glossaries/buyers-market/4958868-1.html

http://www.answers.com/topic/buyer-s-market

[(former)FormerSanDiegan]

[quote=4plexowner]

interesting that now, just 2 or 3 years after the peak he is saying that we are in a buyers market

[/quote]

By any definition I could find, we ARE in a “buyer’s market.”

A buyer’s market is a market for a good (stocks, housing, etc.) where prices are falling and there are more parties interested in selling than in buying.

http://economics.about.com/cs/economicsglossary/g/buyers_market.htm

http://www.allbusiness.com/glossaries/buyers-market/4958868-1.html

http://www.answers.com/topic/buyer-s-market

[(former)FormerSanDiegan]

[quote=4plexowner]

interesting that now, just 2 or 3 years after the peak he is saying that we are in a buyers market

[/quote]

By any definition I could find, we ARE in a “buyer’s market.”

A buyer’s market is a market for a good (stocks, housing, etc.) where prices are falling and there are more parties interested in selling than in buying.

http://economics.about.com/cs/economicsglossary/g/buyers_market.htm

http://www.allbusiness.com/glossaries/buyers-market/4958868-1.html

http://www.answers.com/topic/buyer-s-market

[(former)FormerSanDiegan]

The San Diego real estate cycle has been ahead of the LA cycle for the past several years. The peak happened almost a year later in LA and the decline started in SD well ahead of LA. Shouldn’t SD have already been seeing these declines ?

Maybe SD has experienced this already and perhaps I missed or have forgotten about it.

[(former)FormerSanDiegan]

The San Diego real estate cycle has been ahead of the LA cycle for the past several years. The peak happened almost a year later in LA and the decline started in SD well ahead of LA. Shouldn’t SD have already been seeing these declines ?

Maybe SD has experienced this already and perhaps I missed or have forgotten about it.

[(former)FormerSanDiegan]

The San Diego real estate cycle has been ahead of the LA cycle for the past several years. The peak happened almost a year later in LA and the decline started in SD well ahead of LA. Shouldn’t SD have already been seeing these declines ?

Maybe SD has experienced this already and perhaps I missed or have forgotten about it.

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