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Mr_Brightside
ParticipantThis entire situation has been so predictable. There will be a drive to bailout these companies on the guise that this is hurting the end consumer, which it is of course, the problem is they are stuck with their mortgages and are going to have to walk away from their properties. This might as well be millions of cracked slabs as they only thing to do is to walk.
What I’ve been saying for quite some time is that securities industry style regulation, which is very hard core, will be applied to the mortgage and real estate industries. The securities business has been through countless scandals which is why it’s hyper regulated in its current state.
BTW I’m a free market capitalist and I hate regulation and I’d rather have a caveat emptor model on both sides, the borrower side and the buyer of the debt side, however the political process is as predicable as bubble economics so this is going to happen.
The markets were calm this week as a reaction to the Fed Discount Window rate cut. There is very little chance that five years of warped economics are going to be fixed by 50bps. There are more total losers out there that haven’t hit bottom yet; CFC might just be one of them.
ParticipantThis is a great example of the market correction along with the general failure of a specific project due to the usual suspects of optimistic financial projections on the part of the developer coupled with the real estate can’t go down mantra of the time.
ParticipantThis is a great example of the market correction along with the general failure of a specific project due to the usual suspects of optimistic financial projections on the part of the developer coupled with the real estate can’t go down mantra of the time.
ParticipantThis is a great example of the market correction along with the general failure of a specific project due to the usual suspects of optimistic financial projections on the part of the developer coupled with the real estate can’t go down mantra of the time.
ParticipantI’m short homebuilders (have been for 2+ years), mortgage and some fixed income including leveraged bank loan ETFs like FCM. I do have a treasury short that’s not doing well as it was an inflation trade that’s getting beat up by the flight to quality. Can’t win them all.
I have an account that actually pays interest on short balances which has been a nice addition to the return in the account. I do have other stocks which are long term investments that I’ll probably never sell as well as foreign investments via mutual funds in retirement plans. Pretty well setup for a down market.
ParticipantI’m short homebuilders (have been for 2+ years), mortgage and some fixed income including leveraged bank loan ETFs like FCM. I do have a treasury short that’s not doing well as it was an inflation trade that’s getting beat up by the flight to quality. Can’t win them all.
I have an account that actually pays interest on short balances which has been a nice addition to the return in the account. I do have other stocks which are long term investments that I’ll probably never sell as well as foreign investments via mutual funds in retirement plans. Pretty well setup for a down market.
ParticipantI would look at anything by Bosa or Citimark. On the site below look for Discovery, Horizons, The Grande and The Legend as Bosa projects. Citimark has done M2i and Fahrenheit.
ParticipantI would look at anything by Bosa or Citimark. On the site below look for Discovery, Horizons, The Grande and The Legend as Bosa projects. Citimark has done M2i and Fahrenheit.
ParticipantI posted a downtown condo that’s listed for $50K less than it’s last sale price in June 2004.
There are still people saying that the high end condos downtown are not going down.
In my view we are still at the early stages of the decline. People are always going to buy and sell but the trend is towards lower prices.
http://sandiegomarketmonitor.blogspot.com/2007/03/100k-loss-on-luxury-downtown-condo-at.html
ParticipantSDLookup.com shows this sold on 1/24/2005 for $825K, MLS shows list price range of $740-$799.
I’ll post this on my blog as well as this property is a good example of Liberty Station price activity.
ParticipantThis just made my blog, thanks for pointing this out.
http://sandiegomarketmonitor.blogspot.com/2006/10/utc-condo-at-villa-vicenza-3550-lebon.html
ParticipantThe prior sale was on 8/23/2002 for $418,478.
ParticipantDoes anyone have an MLS number for the property? If I can confirm the details I’ll post this on my blog.
ParticipantWow, there’s a lot here so let me try to hit it all in one shot. I like all of the development downtown, it’s been lopsided to condos of course but I don’t mind that as there’s a great chance that there will be affordable housing again in 2007.
I have no idea how many people have moved here but I can say that the streets are much more active than they used to be, it’s pretty cool actually. The demographics downtown run the gamut between singles that party a lot, couples, retired people, young families, you almost never see older kids.
The only grants I read about are for subsidized housing as there are few very low income projects going into East Village.
If I were mayor? I would work very hard to move the airport out of the city, it’s waste to use a large chunk of the bay for a transportation hub that’s too small for the area anyway. Moving the airport would also allow for much taller buildings and rehabilitation of the southern half of Bankers Hill.
There is a lot going on downtown, each neighborhood is different. I think the city is in pretty good shape but there is plenty of room for improvement.
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