[mrwrong]

I won’t look at it until it returns to price below $750s range.

You want to start a bidding war now, masayako? 🙂 Barring any kind of disasters, natural or manmade, I doubt price will ever drop to that low. That kindof percentage decline is unlikely to happen in CV imho. Tract homes or not, I think CV has established itself as one of the best areas in San Diego over the years mainly due to its location and schools.

With that said, I do think prices in CV will eventually decline. However, the decline will be relatively small and perhaps with most of the decline happening towards the end of the cycle. So the real decision for people waiting to buy CV is: is this worth the wait?

Also keep in mind that price may not decline much in nominal terms due to inflation. Most people on this board think home prices in 1998 are reasonable. Prices in CV have probably doubled since then. If you also happen to believe 2012 will be the bottom and assuming prices stay flat until that time, then prices have only doubled in 14 years, which comes to an annualized appreciation of just under 5.1%, quite reasonable given the current inflation numbers, don’t you think?

Mr. Wrong

[mrwrong]

The analysis on this site may very well be rational, but the people here are definitely emotional. Otherwise SDR would not need to sign every other posts with the following line:

Please don’t confuse this with an endorsement to buy now or anything like that.

Kindof sad.

Mr. Wrong

[mrwrong]

The analysis on this site may very well be rational, but the people here are definitely emotional. Otherwise SDR would not need to sign every other posts with the following line:

Please don’t confuse this with an endorsement to buy now or anything like that.

Kindof sad.

Mr. Wrong

[mrwrong]

The analysis on this site may very well be rational, but the people here are definitely emotional. Otherwise SDR would not need to sign every other posts with the following line:

Please don’t confuse this with an endorsement to buy now or anything like that.

Kindof sad.

Mr. Wrong

[mrwrong]

The analysis on this site may very well be rational, but the people here are definitely emotional. Otherwise SDR would not need to sign every other posts with the following line:

Please don’t confuse this with an endorsement to buy now or anything like that.

Kindof sad.

Mr. Wrong

[mrwrong]

The analysis on this site may very well be rational, but the people here are definitely emotional. Otherwise SDR would not need to sign every other posts with the following line:

Please don’t confuse this with an endorsement to buy now or anything like that.

Kindof sad.

Mr. Wrong

[mrwrong]

SDR, interesting comments on the misunderstandings of buyer behaviors. People on this site are too rational imho. Too much analysis based on hard numbers not nearly enough on human psychology. To understand the market dynamics you need to realize the decision to buy a house for most families are at least 50% driven by emotions. This is why housing can get really overvalued and stay overvalued for a long time. The flip side of course is when the tide finally turns, it can overshoot on the downside as well, again driven more by emotions than the fundamentals. However, unlike other investments and assets, home is highly personal. Most people buy it as a place to live rather than as a speculation. People won’t sell unless they absolutely have to. This is why housing cycle tends to drag on for years. You need to be really patient in order to wait it out.

Mr. Wrong

[mrwrong]

SDR, interesting comments on the misunderstandings of buyer behaviors. People on this site are too rational imho. Too much analysis based on hard numbers not nearly enough on human psychology. To understand the market dynamics you need to realize the decision to buy a house for most families are at least 50% driven by emotions. This is why housing can get really overvalued and stay overvalued for a long time. The flip side of course is when the tide finally turns, it can overshoot on the downside as well, again driven more by emotions than the fundamentals. However, unlike other investments and assets, home is highly personal. Most people buy it as a place to live rather than as a speculation. People won’t sell unless they absolutely have to. This is why housing cycle tends to drag on for years. You need to be really patient in order to wait it out.

Mr. Wrong

[mrwrong]

SDR, interesting comments on the misunderstandings of buyer behaviors. People on this site are too rational imho. Too much analysis based on hard numbers not nearly enough on human psychology. To understand the market dynamics you need to realize the decision to buy a house for most families are at least 50% driven by emotions. This is why housing can get really overvalued and stay overvalued for a long time. The flip side of course is when the tide finally turns, it can overshoot on the downside as well, again driven more by emotions than the fundamentals. However, unlike other investments and assets, home is highly personal. Most people buy it as a place to live rather than as a speculation. People won’t sell unless they absolutely have to. This is why housing cycle tends to drag on for years. You need to be really patient in order to wait it out.

Mr. Wrong

[mrwrong]

SDR, interesting comments on the misunderstandings of buyer behaviors. People on this site are too rational imho. Too much analysis based on hard numbers not nearly enough on human psychology. To understand the market dynamics you need to realize the decision to buy a house for most families are at least 50% driven by emotions. This is why housing can get really overvalued and stay overvalued for a long time. The flip side of course is when the tide finally turns, it can overshoot on the downside as well, again driven more by emotions than the fundamentals. However, unlike other investments and assets, home is highly personal. Most people buy it as a place to live rather than as a speculation. People won’t sell unless they absolutely have to. This is why housing cycle tends to drag on for years. You need to be really patient in order to wait it out.

Mr. Wrong

[mrwrong]

SDR, interesting comments on the misunderstandings of buyer behaviors. People on this site are too rational imho. Too much analysis based on hard numbers not nearly enough on human psychology. To understand the market dynamics you need to realize the decision to buy a house for most families are at least 50% driven by emotions. This is why housing can get really overvalued and stay overvalued for a long time. The flip side of course is when the tide finally turns, it can overshoot on the downside as well, again driven more by emotions than the fundamentals. However, unlike other investments and assets, home is highly personal. Most people buy it as a place to live rather than as a speculation. People won’t sell unless they absolutely have to. This is why housing cycle tends to drag on for years. You need to be really patient in order to wait it out.

Mr. Wrong

[mrwrong]

I wouldn’t read too much into this one listing. Judging from its location on the map, this is definitely not “mainstream” CV and from the picture, it does not look like it has over one acre of usable land.

Mr. Wrong

[mrwrong]

I wouldn’t read too much into this one listing. Judging from its location on the map, this is definitely not “mainstream” CV and from the picture, it does not look like it has over one acre of usable land.

Mr. Wrong

[mrwrong]

I wouldn’t read too much into this one listing. Judging from its location on the map, this is definitely not “mainstream” CV and from the picture, it does not look like it has over one acre of usable land.

Mr. Wrong

[mrwrong]

I wouldn’t read too much into this one listing. Judging from its location on the map, this is definitely not “mainstream” CV and from the picture, it does not look like it has over one acre of usable land.

Mr. Wrong

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