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December 16, 2008 at 7:51 PM in reply to: Fed empties the Armory, expends all ammo, housing has bottomed. SD RE will cost more in August of 09 than it does now. #316837December 16, 2008 at 7:51 PM in reply to: Fed empties the Armory, expends all ammo, housing has bottomed. SD RE will cost more in August of 09 than it does now. #316878
peterb
ParticipantAll the heat in the low end RE market will be the next wave of defaults after 2009, as the places that are rentals will no longer cash flow and the one that are owner occupied will be suffering from the unemployed leaving the state. Unemployment is far worse than most people calculate. Just wait until you feel you are in jeopardy and see how you feel about long term commitments on a depreciating assett.
December 16, 2008 at 7:51 PM in reply to: Fed empties the Armory, expends all ammo, housing has bottomed. SD RE will cost more in August of 09 than it does now. #316900ParticipantAll the heat in the low end RE market will be the next wave of defaults after 2009, as the places that are rentals will no longer cash flow and the one that are owner occupied will be suffering from the unemployed leaving the state. Unemployment is far worse than most people calculate. Just wait until you feel you are in jeopardy and see how you feel about long term commitments on a depreciating assett.
December 16, 2008 at 7:51 PM in reply to: Fed empties the Armory, expends all ammo, housing has bottomed. SD RE will cost more in August of 09 than it does now. #316973ParticipantAll the heat in the low end RE market will be the next wave of defaults after 2009, as the places that are rentals will no longer cash flow and the one that are owner occupied will be suffering from the unemployed leaving the state. Unemployment is far worse than most people calculate. Just wait until you feel you are in jeopardy and see how you feel about long term commitments on a depreciating assett.
ParticipantWhich way are the rates headed now?
ParticipantWhich way are the rates headed now?
ParticipantWhich way are the rates headed now?
ParticipantWhich way are the rates headed now?
ParticipantWhich way are the rates headed now?
December 16, 2008 at 5:22 PM in reply to: Help – Rents in UTC / Mira Mesa areas: where are they headed? #316396ParticipantFor real time events, look at Ward Hannigans website on SD County foreclosures. He and Bruce Norris have recently posted that rents are coming down. I think they wrote this last week. But it makes sense. With unemployment at 8.6% in CA and lower in the rest of the county, we will probably experience out migration. As well as the substitution effect of people sharing dwellings more as the money tightens.
December 16, 2008 at 5:22 PM in reply to: Help – Rents in UTC / Mira Mesa areas: where are they headed? #316748ParticipantFor real time events, look at Ward Hannigans website on SD County foreclosures. He and Bruce Norris have recently posted that rents are coming down. I think they wrote this last week. But it makes sense. With unemployment at 8.6% in CA and lower in the rest of the county, we will probably experience out migration. As well as the substitution effect of people sharing dwellings more as the money tightens.
December 16, 2008 at 5:22 PM in reply to: Help – Rents in UTC / Mira Mesa areas: where are they headed? #316788ParticipantFor real time events, look at Ward Hannigans website on SD County foreclosures. He and Bruce Norris have recently posted that rents are coming down. I think they wrote this last week. But it makes sense. With unemployment at 8.6% in CA and lower in the rest of the county, we will probably experience out migration. As well as the substitution effect of people sharing dwellings more as the money tightens.
December 16, 2008 at 5:22 PM in reply to: Help – Rents in UTC / Mira Mesa areas: where are they headed? #316808ParticipantFor real time events, look at Ward Hannigans website on SD County foreclosures. He and Bruce Norris have recently posted that rents are coming down. I think they wrote this last week. But it makes sense. With unemployment at 8.6% in CA and lower in the rest of the county, we will probably experience out migration. As well as the substitution effect of people sharing dwellings more as the money tightens.
December 16, 2008 at 5:22 PM in reply to: Help – Rents in UTC / Mira Mesa areas: where are they headed? #316884ParticipantFor real time events, look at Ward Hannigans website on SD County foreclosures. He and Bruce Norris have recently posted that rents are coming down. I think they wrote this last week. But it makes sense. With unemployment at 8.6% in CA and lower in the rest of the county, we will probably experience out migration. As well as the substitution effect of people sharing dwellings more as the money tightens.
December 16, 2008 at 5:17 PM in reply to: Fed empties the Armory, expends all ammo, housing has bottomed. SD RE will cost more in August of 09 than it does now. #316386ParticipantWe’re turning Japanese. Just because the US$ is taking a powder does not mean there will be some kind of recovery. And the US$ will come back when the markets crater again and there’s massive selling. Look at the volume, it’s a classic bear market rally. The multiplier effect needs to be working for inflation. Who’s going to borrow money right now? I sure dont see it. Make no mistake about it, this is a total desperation move by someone that has no other option available.
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