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(former)FormerSanDiegan
Participantjg – regarding public schools on the west side of LA …
In general there are a number of very fine elementary schools. Decent middle schools and high schools are more difficult to find. Santa Monica’s school district is considered very good/excellent. But even there they have some problems.
As for us …We attended a public school in San Diego, but when we moved we had a dilemma … our elementary school was excellent, but the middle school option really sucks. our choice was to send our kids to one of the finer Catholic schools.
ParticipantPOP Quiz …
Thank you for livening up the discussion.
A simple multiple choice question for everyone
Question: In your opinion, which of the following is indicative of a “great housing market”
a. Highest number of sales in a decade, lowest number of defaults in a decade
b. Lowest number of sales in decade, lowest number of defaults in a decade
c. Lowest number of sales in a decade, highest number of defaults in a decade.If your answer is c, then yes the current housing market is “great”
Facts substantiated below …
“The number of default notices sent to California homeowners last quarter increased to its highest level in almost ten years…”
http://www.dqnews.com/RRFor0407.shtm“Last month was the slowest May for Southern California home sales in 12 years …”
http://www.dqnews.com/RRSCA0607.shtmParticipantPOP Quiz …
Thank you for livening up the discussion.
A simple multiple choice question for everyone
Question: In your opinion, which of the following is indicative of a “great housing market”
a. Highest number of sales in a decade, lowest number of defaults in a decade
b. Lowest number of sales in decade, lowest number of defaults in a decade
c. Lowest number of sales in a decade, highest number of defaults in a decade.If your answer is c, then yes the current housing market is “great”
Facts substantiated below …
“The number of default notices sent to California homeowners last quarter increased to its highest level in almost ten years…”
http://www.dqnews.com/RRFor0407.shtm“Last month was the slowest May for Southern California home sales in 12 years …”
http://www.dqnews.com/RRSCA0607.shtmParticipantI live on LA’s westside. It is true that the bubble has not yet popped here. Perhaps that is why scruffydog appears to be living on another planet. So far, it is another planet here. But there are signs of weakness all around. More marginal areas are starting to show weakness (e.g. Culver City, Mar Vista, Rancho Park) but the nicest areas like Santa Monica, Westwood and Brentwood seem to be holding up (so far).
LA’s westside market has been about 12-15 months behind San Diego. Think about what was happening in Spring 2006, people were just beginning to see losses in SD, and may not have realized that the peak was already established in Nov 2005.
This is a great time to make a bet with people in LA regarding housing. You are seeing in SD what LA will see a year from now.
ParticipantI live on LA’s westside. It is true that the bubble has not yet popped here. Perhaps that is why scruffydog appears to be living on another planet. So far, it is another planet here. But there are signs of weakness all around. More marginal areas are starting to show weakness (e.g. Culver City, Mar Vista, Rancho Park) but the nicest areas like Santa Monica, Westwood and Brentwood seem to be holding up (so far).
LA’s westside market has been about 12-15 months behind San Diego. Think about what was happening in Spring 2006, people were just beginning to see losses in SD, and may not have realized that the peak was already established in Nov 2005.
This is a great time to make a bet with people in LA regarding housing. You are seeing in SD what LA will see a year from now.
ParticipantSo, let me paraphrase. You are saying that Republicans are lemmings being led off the cliff and Democrats are independent-minded intellectuals.
Your premise is ridiculous.
ParticipantSo, let me paraphrase. You are saying that Republicans are lemmings being led off the cliff and Democrats are independent-minded intellectuals.
Your premise is ridiculous.
Participantscruffydog said “I’m guessing we are at a cycle peak – prices will be flat for awhile.”
Please refer to the home page of this site and view the Case-Shiller index numbers for San Diego. (This index is based on same-home sales and is not subject to change in mix of homes sold as the median is.) Also look at numbers of sales for the past three years. The market peak was somewhere in late Fall 2005. Prices are down 7% in nominal terms (ignoring inflation) and another 6% due to inflation for a real decline of about 13%.
If a house was worth 600K in fall 2005 at the peak it is likely now worth about 558K in nominal dollars and about 522K in 2005 dollars. If you consider this flat, then the market is flat.
Participantscruffydog said “I’m guessing we are at a cycle peak – prices will be flat for awhile.”
Please refer to the home page of this site and view the Case-Shiller index numbers for San Diego. (This index is based on same-home sales and is not subject to change in mix of homes sold as the median is.) Also look at numbers of sales for the past three years. The market peak was somewhere in late Fall 2005. Prices are down 7% in nominal terms (ignoring inflation) and another 6% due to inflation for a real decline of about 13%.
If a house was worth 600K in fall 2005 at the peak it is likely now worth about 558K in nominal dollars and about 522K in 2005 dollars. If you consider this flat, then the market is flat.
ParticipantSO, you told a realtor that you want her to find a resale house for you. You also told her that you are also considering a new house, and that if you go the new house route, you will not use her, but will use your father-in-law instead.
From her perspective it might sound like you are a “flaky” buyer. I recommend that you figure out whether you want to buy resale or new before employing her.
ParticipantSO, you told a realtor that you want her to find a resale house for you. You also told her that you are also considering a new house, and that if you go the new house route, you will not use her, but will use your father-in-law instead.
From her perspective it might sound like you are a “flaky” buyer. I recommend that you figure out whether you want to buy resale or new before employing her.
ParticipantSurveyor
Your spreadsheet software might be returning a NaN on that calculation, but remember Pre-Calc or Calc class ?
Take the limit as X goes to zero in your formula. The answer is infinity …
ParticipantSurveyor
Your spreadsheet software might be returning a NaN on that calculation, but remember Pre-Calc or Calc class ?
Take the limit as X goes to zero in your formula. The answer is infinity …
ParticipantOh, you forgot one other thing.
Everyone is getting 20-50% raises, so salaries are finally catching up with RE prices. -
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