Forum Replies Created
-
AuthorPosts
-
(former)FormerSanDiegan
ParticipantPerry – The zip code specific monthly median can vary by 20% or more from month to month. This is called statistical noise. Drawing a conclusion from a single monthly number is dangerous.
Some examples from the same data source cited above:
April 2007 YOY median Price ChangesBay Park (92110) UP 26.0%
Carlsbad (92008) UP 9.8%
Cardiff (92007) UP 31.6%
Del Mar (92014) UP 20.2%
Ocean Beach (92107) UP 2.5%
Point Loma (92106) UP 9.5%Knuckle-headed conclusion :
Wow ! All those places near the coast that I want to live in have gone up.ParticipantYes, sometimes the math does change. Just pointing out their motivation.
Reminds me of buying real estate for 5% interest only when the property goes up by 20% per year. Not fun when the music stops.
ParticipantYes, sometimes the math does change. Just pointing out their motivation.
Reminds me of buying real estate for 5% interest only when the property goes up by 20% per year. Not fun when the music stops.
ParticipantHere’s their secret. They understand math, and they use a simple arbitrage.
They borrow money at 6%, combined with some cash, to purchase businesses that earn (or could be made to earn in their opinion) 10% or more
ParticipantHere’s their secret. They understand math, and they use a simple arbitrage.
They borrow money at 6%, combined with some cash, to purchase businesses that earn (or could be made to earn in their opinion) 10% or more
Participantradelow – I agree with your view regarding the fact that DOM is manipulated and not representative in many cases (re-listing, etc). However, having sold two of my prior personal residences I can personally attest to the fact that when a house is in escrow it is NOT on the market. There are no open houses, no showings, no marketing, therefore it’s off the market and not available for purchase.
Participantradelow – I agree with your view regarding the fact that DOM is manipulated and not representative in many cases (re-listing, etc). However, having sold two of my prior personal residences I can personally attest to the fact that when a house is in escrow it is NOT on the market. There are no open houses, no showings, no marketing, therefore it’s off the market and not available for purchase.
ParticipantIf he wanted to do some real damage, he should have used the Monster Pig …
[img_assist|nid=3534|title=Monster Pig|desc=Monster Pig|link=node|align=left|width=466|height=246]
http://www.suntimes.com/news/nation/402926,CST-NWS-pig27.article
ParticipantIf he wanted to do some real damage, he should have used the Monster Pig …
[img_assist|nid=3534|title=Monster Pig|desc=Monster Pig|link=node|align=left|width=466|height=246]
http://www.suntimes.com/news/nation/402926,CST-NWS-pig27.article
Participant“It appears that prices are already at 2004 levels in many parts of San Diego. I think Mr. Thornberg is living in a time warp.”
Sounds like think his thoughts/advice were for CA, not specifically for San Diego. In this cycle SD will fare the worst, IMO.
Participant“It appears that prices are already at 2004 levels in many parts of San Diego. I think Mr. Thornberg is living in a time warp.”
Sounds like think his thoughts/advice were for CA, not specifically for San Diego. In this cycle SD will fare the worst, IMO.
ParticipantMonthly zip-code-specific median price is an extremely volatile measure. The monthly numbers with gain/loss of > 20% is not necessarily indicative of the actual price drops.
Anyone have access to a 1-2 year history for these zip codes to get a better picture ?
The fact that there appear to be more negative changes than positive ones is a sign that the prices are dropping, I just wouldn’t get to excited that OC is down 20% … yet.
ParticipantMonthly zip-code-specific median price is an extremely volatile measure. The monthly numbers with gain/loss of > 20% is not necessarily indicative of the actual price drops.
Anyone have access to a 1-2 year history for these zip codes to get a better picture ?
The fact that there appear to be more negative changes than positive ones is a sign that the prices are dropping, I just wouldn’t get to excited that OC is down 20% … yet.
Participant“…why would someone want to buy a USED HOME”
I agree with sdduuuude on this one.
The number one reason is LOCATION.Try buying a new house in Ocean Beach, Point Loma, Bay Park, Clairemont, La Jolla, Pacific Beach, Mission Hills. OR for those LA folks, where on the westside are you gonna find a new home development ? Playa Vista ? That sucks.
In any event the resale housing market numbers did suck today as you anticipated, latesummer.
-
AuthorPosts
