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latesummer2008
ParticipantNot familiar with the Glendale Area. I would imagine it is being hit just like all the other areas now. 10-15% drops already and headed for more declines. Clean houses, PRICED RIGHT in decent areas are selling. But most property is just sitting and losing value as we speak.
Try checking Zillow for comparable sales.
ParticipantNot familiar with the Glendale Area. I would imagine it is being hit just like all the other areas now. 10-15% drops already and headed for more declines. Clean houses, PRICED RIGHT in decent areas are selling. But most property is just sitting and losing value as we speak.
Try checking Zillow for comparable sales.
ParticipantMedian Price doesn’t mean Jack! Why don’t they tell you about the :
1) Number of Sales
2) Sales Volume
3) Price per Square Foot
4) Bloated InventoryBecause, that is the real story. Just Realtor spin trying desperately to give some life, to a dying market. Sure, some houses in decent areas that are clean and PRICED RIGHT are selling. Everything else (80%+ of the inventory), is just sitting there, losing value every day.
La Jolla, Coronado and Rancho Santa Fe will be hit the hardest, when all is said and done. Nobody in their right mind, is going to pay big dollars, in this type of market, for overpriced property.
Mark my words : “The pricier they are, the harder they fall”
ParticipantMedian Price doesn’t mean Jack! Why don’t they tell you about the :
1) Number of Sales
2) Sales Volume
3) Price per Square Foot
4) Bloated InventoryBecause, that is the real story. Just Realtor spin trying desperately to give some life, to a dying market. Sure, some houses in decent areas that are clean and PRICED RIGHT are selling. Everything else (80%+ of the inventory), is just sitting there, losing value every day.
La Jolla, Coronado and Rancho Santa Fe will be hit the hardest, when all is said and done. Nobody in their right mind, is going to pay big dollars, in this type of market, for overpriced property.
Mark my words : “The pricier they are, the harder they fall”
ParticipantEquity? What’s that? Many people have or will have negative equity in the near future. With no money down, they can live rent free while they get evicted. Banks will have their hands full of properties. If you don’t believe me, check out the website:
http://www.Foreclosureradar.com
It will blow your mind…..
ParticipantEquity? What’s that? Many people have or will have negative equity in the near future. With no money down, they can live rent free while they get evicted. Banks will have their hands full of properties. If you don’t believe me, check out the website:
http://www.Foreclosureradar.com
It will blow your mind…..
ParticipantMacro Economics is more important than just your local market. Our country is being affected nationwide by the current mortgage mess. This will inturn affect ALL of the local markets. Some worse than others. Like So.Cal for example. Markets that appreciated the most will drop the most. It’s just plain common sense.
Also, The global market is watching what happens in the U.S. Yes, you could say “ALL EYES are on SAN DIEGO” as it lead the market up and is now leading the market down.
ParticipantMacro Economics is more important than just your local market. Our country is being affected nationwide by the current mortgage mess. This will inturn affect ALL of the local markets. Some worse than others. Like So.Cal for example. Markets that appreciated the most will drop the most. It’s just plain common sense.
Also, The global market is watching what happens in the U.S. Yes, you could say “ALL EYES are on SAN DIEGO” as it lead the market up and is now leading the market down.
ParticipantWell put, Dr.Chaos. Kind of like trying to “close the barn door once the horse is out” The only word the comes to mind is “IRRESPONSIBILITY” We have a mess, that is going to hurt alot of people and the ones responsible have been laughing all the way to the bank. The question is “what happens when they are finally caught?” This reminds me of Katrina and the GOVT response. They new sooner or later New Orleans would be hit, but just “hoped” it would miss. I’m afraid the mortgage mess is much larger than they want people to believe, “hoping” it will go away.
Bernanke is like a “deer in the headlights right now” “Hoping the economic mess goes away”. I don’t think so.
ParticipantWell put, Dr.Chaos. Kind of like trying to “close the barn door once the horse is out” The only word the comes to mind is “IRRESPONSIBILITY” We have a mess, that is going to hurt alot of people and the ones responsible have been laughing all the way to the bank. The question is “what happens when they are finally caught?” This reminds me of Katrina and the GOVT response. They new sooner or later New Orleans would be hit, but just “hoped” it would miss. I’m afraid the mortgage mess is much larger than they want people to believe, “hoping” it will go away.
Bernanke is like a “deer in the headlights right now” “Hoping the economic mess goes away”. I don’t think so.
ParticipantAll Higher End Areas in Southern California are relevant because it tells you what is happening in the overall Southern California Market. If Beverly Hills and Malibu are dropping than what do you think La Jolla and Del Mar are doing? You need to think about what the money at each market level is doing.
Plus, it seems like LA is following SD by about 6 – 9 months…
ParticipantAll Higher End Areas in Southern California are relevant because it tells you what is happening in the overall Southern California Market. If Beverly Hills and Malibu are dropping than what do you think La Jolla and Del Mar are doing? You need to think about what the money at each market level is doing.
Plus, it seems like LA is following SD by about 6 – 9 months…
ParticipantEnough Realtor Bashing… Lets get back to what’s important. Any further information about the RE Market? LA Times came out yesterday with LA County prices. The BIGGEST LOSERS were the HIGHER END markets of BEVERLY HILLS, BEL AIR, VENICE, SANTA MONICA and PACIFIC PALISADES. Not a good sign.
You can check out the results here, if you wish:
ParticipantEnough Realtor Bashing… Lets get back to what’s important. Any further information about the RE Market? LA Times came out yesterday with LA County prices. The BIGGEST LOSERS were the HIGHER END markets of BEVERLY HILLS, BEL AIR, VENICE, SANTA MONICA and PACIFIC PALISADES. Not a good sign.
You can check out the results here, if you wish:
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