[jpinpb]

So far people are holding on in the desperate denial that things are not that bad. But if they were smart, anyone in trouble would get out while they can. It’s going to get worse before better. Read any of the topics on this site. I think about maybe scrounging up the money for any old place I can get and then I think, what if that nice place I really want goes down in price a year or 2 from now.

It’s not impossible. It will be a year or 2 before this market plateaus.

[jpinpb]

So far people are holding on in the desperate denial that things are not that bad. But if they were smart, anyone in trouble would get out while they can. It’s going to get worse before better. Read any of the topics on this site. I think about maybe scrounging up the money for any old place I can get and then I think, what if that nice place I really want goes down in price a year or 2 from now.

It’s not impossible. It will be a year or 2 before this market plateaus.

[jpinpb]

So far people are holding on in the desperate denial that things are not that bad. But if they were smart, anyone in trouble would get out while they can. It’s going to get worse before better. Read any of the topics on this site. I think about maybe scrounging up the money for any old place I can get and then I think, what if that nice place I really want goes down in price a year or 2 from now.

It’s not impossible. It will be a year or 2 before this market plateaus.

[jpinpb]

I’m thinking in a few years prices will come down. There are still homes in P.B. occupied by seniors and I read on this board demographically they will be adding to the inventory when they sell, move in w/kids, nursing homes, etc. So besides the defaults/foreclosures, add to the soup the elderly and job losses forcing sale, job transfers, divorce, etc. the increased inventory w/the shortage of qualified buyers will force the price down. But it’ll take a while.

I keep going back and forth whether I want to buy in P.B. The prices just don’t justify it. 700k for a shack in P.B. or 700k in Carmel Valley or 4S Ranch, better schools, better resale value, better, cleaner, safer, etc.
Still I check P.B., just to see if there’s any deals there. I think barring something unforseen happening to boost real estate, prices will eventually come down even in P.B. I’ve seen prices come down in LJ.

You probably will be able to buy another bigger place in P.B. if you wait. There are some new ones built that are pretty impressive that in a few years will be reduced. Some people took seconds and expanded their place and now can’t afford it.

[jpinpb]

I’m thinking in a few years prices will come down. There are still homes in P.B. occupied by seniors and I read on this board demographically they will be adding to the inventory when they sell, move in w/kids, nursing homes, etc. So besides the defaults/foreclosures, add to the soup the elderly and job losses forcing sale, job transfers, divorce, etc. the increased inventory w/the shortage of qualified buyers will force the price down. But it’ll take a while.

I keep going back and forth whether I want to buy in P.B. The prices just don’t justify it. 700k for a shack in P.B. or 700k in Carmel Valley or 4S Ranch, better schools, better resale value, better, cleaner, safer, etc.
Still I check P.B., just to see if there’s any deals there. I think barring something unforseen happening to boost real estate, prices will eventually come down even in P.B. I’ve seen prices come down in LJ.

You probably will be able to buy another bigger place in P.B. if you wait. There are some new ones built that are pretty impressive that in a few years will be reduced. Some people took seconds and expanded their place and now can’t afford it.

[jpinpb]

I’m thinking in a few years prices will come down. There are still homes in P.B. occupied by seniors and I read on this board demographically they will be adding to the inventory when they sell, move in w/kids, nursing homes, etc. So besides the defaults/foreclosures, add to the soup the elderly and job losses forcing sale, job transfers, divorce, etc. the increased inventory w/the shortage of qualified buyers will force the price down. But it’ll take a while.

I keep going back and forth whether I want to buy in P.B. The prices just don’t justify it. 700k for a shack in P.B. or 700k in Carmel Valley or 4S Ranch, better schools, better resale value, better, cleaner, safer, etc.
Still I check P.B., just to see if there’s any deals there. I think barring something unforseen happening to boost real estate, prices will eventually come down even in P.B. I’ve seen prices come down in LJ.

You probably will be able to buy another bigger place in P.B. if you wait. There are some new ones built that are pretty impressive that in a few years will be reduced. Some people took seconds and expanded their place and now can’t afford it.

[jpinpb]

I’m thinking in a few years prices will come down. There are still homes in P.B. occupied by seniors and I read on this board demographically they will be adding to the inventory when they sell, move in w/kids, nursing homes, etc. So besides the defaults/foreclosures, add to the soup the elderly and job losses forcing sale, job transfers, divorce, etc. the increased inventory w/the shortage of qualified buyers will force the price down. But it’ll take a while.

I keep going back and forth whether I want to buy in P.B. The prices just don’t justify it. 700k for a shack in P.B. or 700k in Carmel Valley or 4S Ranch, better schools, better resale value, better, cleaner, safer, etc.
Still I check P.B., just to see if there’s any deals there. I think barring something unforseen happening to boost real estate, prices will eventually come down even in P.B. I’ve seen prices come down in LJ.

You probably will be able to buy another bigger place in P.B. if you wait. There are some new ones built that are pretty impressive that in a few years will be reduced. Some people took seconds and expanded their place and now can’t afford it.

[jpinpb]

I’m thinking in a few years prices will come down. There are still homes in P.B. occupied by seniors and I read on this board demographically they will be adding to the inventory when they sell, move in w/kids, nursing homes, etc. So besides the defaults/foreclosures, add to the soup the elderly and job losses forcing sale, job transfers, divorce, etc. the increased inventory w/the shortage of qualified buyers will force the price down. But it’ll take a while.

I keep going back and forth whether I want to buy in P.B. The prices just don’t justify it. 700k for a shack in P.B. or 700k in Carmel Valley or 4S Ranch, better schools, better resale value, better, cleaner, safer, etc.
Still I check P.B., just to see if there’s any deals there. I think barring something unforseen happening to boost real estate, prices will eventually come down even in P.B. I’ve seen prices come down in LJ.

You probably will be able to buy another bigger place in P.B. if you wait. There are some new ones built that are pretty impressive that in a few years will be reduced. Some people took seconds and expanded their place and now can’t afford it.

[jpinpb]

Even if property value does not increase for 95 years, some people will buy a home not for investment purposes, but for tax purposes. Others will pass it on to their kids, grandkids. Some people don’t like to rent and want to do whatever they want in their own home w/no restrictions. There will still be buyers who are not necessarily investors.

[jpinpb]

Even if property value does not increase for 95 years, some people will buy a home not for investment purposes, but for tax purposes. Others will pass it on to their kids, grandkids. Some people don’t like to rent and want to do whatever they want in their own home w/no restrictions. There will still be buyers who are not necessarily investors.

[jpinpb]

Even if property value does not increase for 95 years, some people will buy a home not for investment purposes, but for tax purposes. Others will pass it on to their kids, grandkids. Some people don’t like to rent and want to do whatever they want in their own home w/no restrictions. There will still be buyers who are not necessarily investors.

[jpinpb]

Even if property value does not increase for 95 years, some people will buy a home not for investment purposes, but for tax purposes. Others will pass it on to their kids, grandkids. Some people don’t like to rent and want to do whatever they want in their own home w/no restrictions. There will still be buyers who are not necessarily investors.

[jpinpb]

Even if property value does not increase for 95 years, some people will buy a home not for investment purposes, but for tax purposes. Others will pass it on to their kids, grandkids. Some people don’t like to rent and want to do whatever they want in their own home w/no restrictions. There will still be buyers who are not necessarily investors.

[jpinpb]

AK says: “A house produces nothing. It is valuable for its use as shelter, but a 3000sf house serves the same purpose whether it costs $1 million or $400,000”

I disagree. This housing market, whether artificially or not, produced good paying jobs overnight and – artificially, albeit, created equity which people took out of their homes and put back into the economy.

[jpinpb]

AK says: “A house produces nothing. It is valuable for its use as shelter, but a 3000sf house serves the same purpose whether it costs $1 million or $400,000”

I disagree. This housing market, whether artificially or not, produced good paying jobs overnight and – artificially, albeit, created equity which people took out of their homes and put back into the economy.

[Author]

Posts