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lendingbubblecontinues
Participantlet’s see….
“Yahoo Message Boards”–presumably several tens of thousands (hundreds?) readers/posters/viewers
vs
piggington.com–readership/posters/people who have any clue this wonderful resource exist…statistically insignificant
great comparison, though, fat_lazy 😉
ParticipantDaCounselor:
Keep hope alive, right? There’s got to be a way to avoid a collapse in the value of my investment, er, home, right? I know there is….I can just feel it! (Pretend Will Farrell’s “Elf” character is speaking and re-read the last two lines;)
Not.
ParticipantDaCounselor:
Keep hope alive, right? There’s got to be a way to avoid a collapse in the value of my investment, er, home, right? I know there is….I can just feel it! (Pretend Will Farrell’s “Elf” character is speaking and re-read the last two lines;)
Not.
ParticipantI am special. My mommy told me so.
OK…When Would Jesus Buy a House? That’s the real question here.
ParticipantI am special. My mommy told me so.
OK…When Would Jesus Buy a House? That’s the real question here.
Participantrb_e:
Which is it? COULD it get worse or WILL it get worse?
If even you, fortunate enough to have found this blog, are wavering on this question, obviously my point is crystallizing.
Sentiment has to change dramatically from here. I respectfully disagree that “regular people” have any negative sentiment whatsoever.
I venture that the percentage of people who are truly bearish on the real estate market is statistically insignificant (near 0%) when you really consider all the dolts in this country.
OK, somewhat off topic but I don’t buy the old adage used by realtors either that “time will tell”…
The last realtor who used that line with me lost her flipping house (McMansion in North County) to foreclosure, very recently. Time has spoken bee-yotch!!!!! Loud and clear!!!
Participantrb_e:
Which is it? COULD it get worse or WILL it get worse?
If even you, fortunate enough to have found this blog, are wavering on this question, obviously my point is crystallizing.
Sentiment has to change dramatically from here. I respectfully disagree that “regular people” have any negative sentiment whatsoever.
I venture that the percentage of people who are truly bearish on the real estate market is statistically insignificant (near 0%) when you really consider all the dolts in this country.
OK, somewhat off topic but I don’t buy the old adage used by realtors either that “time will tell”…
The last realtor who used that line with me lost her flipping house (McMansion in North County) to foreclosure, very recently. Time has spoken bee-yotch!!!!! Loud and clear!!!
ParticipantReading DQ’s latest price/sqft data for SoCal, I seem to recall that COMPTON is still above $330 per square foot.
This is completely normal folks…nothing to see here…everyone wants to live in Compton, you know.
Seriously, though, the turning point is here, I agree, but some areas have a looooooooooooong way to go (i.e. Compton back below $100 per sqft. for starters)
rb_e: still not a buyer’s market until nobody (I mean NOBODY) believes in real estate as a good investment anymore….again, we have a long way to go….don’t believe me? ask a few of your friends and neighbors how bad they think things are going to get around here….I’ll bet most of them will still say the worst is over and to expect flat to minor downside over the next couple years before things go back up again….sentiment has to be in the gutter before we will see a “buyer’s market”
Keep an eye out for the TIME magazine cover article proclaiming “Real Estate is Dead”…that’ll be the time to buy.
ParticipantReading DQ’s latest price/sqft data for SoCal, I seem to recall that COMPTON is still above $330 per square foot.
This is completely normal folks…nothing to see here…everyone wants to live in Compton, you know.
Seriously, though, the turning point is here, I agree, but some areas have a looooooooooooong way to go (i.e. Compton back below $100 per sqft. for starters)
rb_e: still not a buyer’s market until nobody (I mean NOBODY) believes in real estate as a good investment anymore….again, we have a long way to go….don’t believe me? ask a few of your friends and neighbors how bad they think things are going to get around here….I’ll bet most of them will still say the worst is over and to expect flat to minor downside over the next couple years before things go back up again….sentiment has to be in the gutter before we will see a “buyer’s market”
Keep an eye out for the TIME magazine cover article proclaiming “Real Estate is Dead”…that’ll be the time to buy.
ParticipantAnswering the original question….
The San Diego house market is imploding. Period.
It may be hard to see it because of all the attempts at obfuscation by our friends in the REIC.
But don’t worry, the market in San Diego is no different than anywhere else in this country where prices were driven up by loony lending standards. Don’t believe for a second that it isn’t.
Let the implosion continue…
ParticipantAnswering the original question….
The San Diego house market is imploding. Period.
It may be hard to see it because of all the attempts at obfuscation by our friends in the REIC.
But don’t worry, the market in San Diego is no different than anywhere else in this country where prices were driven up by loony lending standards. Don’t believe for a second that it isn’t.
Let the implosion continue…
Participant4spotentialbuyer-
Buy now or be priced out forever, er, and be priced in forever- that’s it.
Participant4spotentialbuyer-
Buy now or be priced out forever, er, and be priced in forever- that’s it.
ParticipantI am kidding, of course.
Buy now and be priced in forever. There…now I am not kidding anymore 😉
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