Forum Replies Created
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lostkitty
ParticipantYes…. C-O-L-D… but beautiful the rest of the time. Stunningly beautiful. Right now it is as colorful out my windows as a bag of jellybellies.
ParticipantThe SOLD signs are all over the place here in upstate NY in my town. (Guess all those ARM & foreclosure people need to move somewhere affordable). Homes are selling briskly. Inventory hasnt budged a bit either. Consistently between 37 and 39 since early January. Hopefully it will stay that way, but hard to say. Lots of homes come on the market and are snapped up before even hitting the realtor websites. Friends still call each other to say, “Weren’t you looking for a place? … because i heard so and so is moving?!” And the other person says… “NO WAY! Where is their house? How much are they asking?” The word spreads quickly to everyone that has been waiting to upgrade or move to our school district. I remember when Solana Beach and Coronado were like that…. CRAZY.
ParticipantKeep renting for sure. Why on earth would you do that to yourselves? Your payment (with taxes etc) will be more than double what you pay now. Plus all the maintenance of a home – believe me – it adds up! Toilet breaks, sink breaks, roof leaks, ants invade, tree falls on house (maybe not in CA?) etc etc etc etc etc!
ParticipantI suppose anything is possible… History verifies the fact that horrible things can, and do, happen. Powayseller is not necessarily stating these things WILL happen, but that they COULD happen. She is gathering information to best protect her nest… and GOOD FOR HER! Let the dialogue continue. This exchange of ideas will benefit us all.
ParticipantWatch your slinging of statistics there Jim. Just 3 standard deviations would include 99.73% of a population, 4 st dev = 99.993, and 5, 99.99994. “Hundreds” of standard deviations above the norm you say??? That would be easy to hit – maybe one homeowner? I think even you would agree that the foreclosure rate will be greater than than “hundreds” of standard deviations above the historical mean.
April 19, 2006 at 6:43 AM in reply to: UT Sunday Home Section article “Is there a buble? Do the math” #24341ParticipantI moved from SDiego to “one of those places back East” myself five years ago. I had been wishing and hoping I could find a way to return to SanDiego weather and my extended family. Finding this site gave me a glimmer of hope that real estate had become as ridiculously over-priced as I thought, and that it was as unsustainable as I thought. However, after reading here for months, I have slowly made the decision that living where I do isnt so bad. Our house is absolutely large and lovely. Neighborhood is gorgeous with Husdon River views and sweeping vistas, the best in the city. Schools the best in not just our city but in the region. Ya, ya, ya, I know Torrey Pines is a good school (I went there), but when scores are ranked nationally, even good ol’ TP is only good ‘for a CA school’… it is not as high as some would think nationally.
We have had none of the increase in real estate inventory which is plaguing so many cities around the country. None. People are still anxiously trying to get to homes before realtors do here – as they always have. Prices do not go up wildly though – even with the demand. Slow and steady.
We also lived in Coronado for a long time. Families would come from back East and were just thrilled when their kids were tested that they were so far ahead academically. I do not agree that San Diego if chock-full of academics on par with the East Coast set. The basic high school education does not compare – just for starters.
Sometimes I look through the photos of RSF/Del Mar homes for sale and am intrigued to see my old neighborhood so grossly overbuilt. Then I see the big beautiful kitchens that look like mine here back east – then the 3Mil price-tag… Reality sets in that in North County… even with my husband’s 160+ salary, and given all the things are kids are involved in musically and athletically, we can afford no more than what our home is worth here… about $550-6k. That amount will currently buy us a POS condo (“piece of s*&t” for the unindoctrinated) in Carmel Valley. No thanks. I keep watching, but am losing any yearning at all to return. I spend 6 weeks a summer there. Maybe that is all I need.April 17, 2006 at 4:22 PM in reply to: UT Sunday Home Section article “Is there a buble? Do the math” #24301ParticipantThat is FUNNY stuff! Must be a professional comedian.
ParticipantIt’s the exclamation points! that are starting! to get! to me!!!!
They everywhere! in ads! for homes! for sale!
They do not! get me any more excited! about the $900,000 homes! that are really worth about $500k or 600k!!!!!April 14, 2006 at 1:06 PM in reply to: “Obvious Guy” sez a price correction by “Soft Landing” will still suck. #24228ParticipantI enjoy reading the posts from all perspectives. Please do not ask anyone to leave RightSide. That is not going to benefit this forum at all.
April 12, 2006 at 7:45 AM in reply to: The Gold Flush has begun!!! A sampling of downtown condo market: #24163ParticipantI’ve been tracking Carmel Valley since the first week of January. The reductions are stunning! Most interesting is that when the list of price reductions on ziprealty gets too long for a house, and downright embarrassing for the seller, it will suddenly disappear for a few weeks (at first I thought they were selling). Then – they reappear as new listings. Starting price being the lowest price they had reduced to before they pulled it. I love the internet… it makes it so easy so to see what tricks they are trying to pull. This is just the beginning……
Fun to watch too!!!!
ParticipantI disagree about “accepting” that rents are undervalued. It all comes down to what people can afford, what the market will bear. Housing prices artificially inflated due to funky loan products that made mortgage payments temporarily affordable (until rates increased). The same cannot be done for rents. If a landlord does try to get people in with “teaser” rent numbers and then try to up the price as happens with ARM’s, the renter simply walks away and finds something that they CAN afford. Face facts, the average person/family does not make that much money! No, not even in beloved San Diego…
ParticipantThanks Rich. You are one brilliant guy. Way ahead of the trends and basing your opinions/forecasts on statistics. Then graphing it all and helping to educate consumers (and hopefully a few realtors as well!). Your site is much appreciated.
ParticipantNo dummy then. I am guessing he can even spell “anonymous” correctly. : )
ParticipantThat Bob doesn’t look like a spring chicken… any idea what he did for work before real estate? Just curious. If it was data collection for dataQuick or someplace I might still take him seriously.
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