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Reality
ParticipantIt’s time for bankruptcy and voiding this crap.
ParticipantIt’s time for bankruptcy and voiding this crap.
Participant[quote=deadzone]Again you are falling into the same tired argument that SD high end is “insulated” because everyone wants to live here. That is horseshit because Coastal SD high end got hammered in previous RE recessions. Most notably mid-90s.
So in 1995 San Diego was not desirable but now it is more? There is nothing particularly better about living in SD now than in 1995, same weather, same beaches, same everything. Only difference is a downtown ballpark, BFD.[/quote]
Didn’t you know that San Diego was a well kept secret until the late 1990’s when someone let the cat out of the bag and then everyone decided they wanted to move here?
Coincidentally, they stopped making new land about the same time.
Participant[quote=deadzone]Again you are falling into the same tired argument that SD high end is “insulated” because everyone wants to live here. That is horseshit because Coastal SD high end got hammered in previous RE recessions. Most notably mid-90s.
So in 1995 San Diego was not desirable but now it is more? There is nothing particularly better about living in SD now than in 1995, same weather, same beaches, same everything. Only difference is a downtown ballpark, BFD.[/quote]
Didn’t you know that San Diego was a well kept secret until the late 1990’s when someone let the cat out of the bag and then everyone decided they wanted to move here?
Coincidentally, they stopped making new land about the same time.
Participant[quote=deadzone]Again you are falling into the same tired argument that SD high end is “insulated” because everyone wants to live here. That is horseshit because Coastal SD high end got hammered in previous RE recessions. Most notably mid-90s.
So in 1995 San Diego was not desirable but now it is more? There is nothing particularly better about living in SD now than in 1995, same weather, same beaches, same everything. Only difference is a downtown ballpark, BFD.[/quote]
Didn’t you know that San Diego was a well kept secret until the late 1990’s when someone let the cat out of the bag and then everyone decided they wanted to move here?
Coincidentally, they stopped making new land about the same time.
Participant[quote=deadzone]Again you are falling into the same tired argument that SD high end is “insulated” because everyone wants to live here. That is horseshit because Coastal SD high end got hammered in previous RE recessions. Most notably mid-90s.
So in 1995 San Diego was not desirable but now it is more? There is nothing particularly better about living in SD now than in 1995, same weather, same beaches, same everything. Only difference is a downtown ballpark, BFD.[/quote]
Didn’t you know that San Diego was a well kept secret until the late 1990’s when someone let the cat out of the bag and then everyone decided they wanted to move here?
Coincidentally, they stopped making new land about the same time.
Participant[quote=deadzone]Again you are falling into the same tired argument that SD high end is “insulated” because everyone wants to live here. That is horseshit because Coastal SD high end got hammered in previous RE recessions. Most notably mid-90s.
So in 1995 San Diego was not desirable but now it is more? There is nothing particularly better about living in SD now than in 1995, same weather, same beaches, same everything. Only difference is a downtown ballpark, BFD.[/quote]
Didn’t you know that San Diego was a well kept secret until the late 1990’s when someone let the cat out of the bag and then everyone decided they wanted to move here?
Coincidentally, they stopped making new land about the same time.
Participant[quote=captcha][quote=JohnAlt91941]How can you tell what prices would have been with lower interest rates? Just because prices went up doesn’t mean that high interest rates didn’t mitigate the rise.
Most people (not counting all the rich people our realtors seem to know) look for a monthly payment they can handle. More interest = less principal.[/quote]
The flip side is that significantly higher interest rates could constrain supply. Imagine environment where mortgage rates are 9%, treasuries yield %7 and your mortgage rate is 4.25%. Selling a house and paying off the mortgage would be an awful idea and only people who really really have to do it would actually do it.
You need involuntary inventory to come online and it is not happening for whatever reason.[/quote]
They’re waiting for prices to get back to “normal”, i.e. 2005.
Participant[quote=captcha][quote=JohnAlt91941]How can you tell what prices would have been with lower interest rates? Just because prices went up doesn’t mean that high interest rates didn’t mitigate the rise.
Most people (not counting all the rich people our realtors seem to know) look for a monthly payment they can handle. More interest = less principal.[/quote]
The flip side is that significantly higher interest rates could constrain supply. Imagine environment where mortgage rates are 9%, treasuries yield %7 and your mortgage rate is 4.25%. Selling a house and paying off the mortgage would be an awful idea and only people who really really have to do it would actually do it.
You need involuntary inventory to come online and it is not happening for whatever reason.[/quote]
They’re waiting for prices to get back to “normal”, i.e. 2005.
Participant[quote=captcha][quote=JohnAlt91941]How can you tell what prices would have been with lower interest rates? Just because prices went up doesn’t mean that high interest rates didn’t mitigate the rise.
Most people (not counting all the rich people our realtors seem to know) look for a monthly payment they can handle. More interest = less principal.[/quote]
The flip side is that significantly higher interest rates could constrain supply. Imagine environment where mortgage rates are 9%, treasuries yield %7 and your mortgage rate is 4.25%. Selling a house and paying off the mortgage would be an awful idea and only people who really really have to do it would actually do it.
You need involuntary inventory to come online and it is not happening for whatever reason.[/quote]
They’re waiting for prices to get back to “normal”, i.e. 2005.
Participant[quote=captcha][quote=JohnAlt91941]How can you tell what prices would have been with lower interest rates? Just because prices went up doesn’t mean that high interest rates didn’t mitigate the rise.
Most people (not counting all the rich people our realtors seem to know) look for a monthly payment they can handle. More interest = less principal.[/quote]
The flip side is that significantly higher interest rates could constrain supply. Imagine environment where mortgage rates are 9%, treasuries yield %7 and your mortgage rate is 4.25%. Selling a house and paying off the mortgage would be an awful idea and only people who really really have to do it would actually do it.
You need involuntary inventory to come online and it is not happening for whatever reason.[/quote]
They’re waiting for prices to get back to “normal”, i.e. 2005.
Participant[quote=captcha][quote=JohnAlt91941]How can you tell what prices would have been with lower interest rates? Just because prices went up doesn’t mean that high interest rates didn’t mitigate the rise.
Most people (not counting all the rich people our realtors seem to know) look for a monthly payment they can handle. More interest = less principal.[/quote]
The flip side is that significantly higher interest rates could constrain supply. Imagine environment where mortgage rates are 9%, treasuries yield %7 and your mortgage rate is 4.25%. Selling a house and paying off the mortgage would be an awful idea and only people who really really have to do it would actually do it.
You need involuntary inventory to come online and it is not happening for whatever reason.[/quote]
They’re waiting for prices to get back to “normal”, i.e. 2005.
ParticipantHow can you tell what prices would have been with lower interest rates? Just because prices went up doesn’t mean that high interest rates didn’t mitigate the rise.
Most people (not counting all the rich people our realtors seem to know) look for a monthly payment they can handle. More interest = less principal.
ParticipantHow can you tell what prices would have been with lower interest rates? Just because prices went up doesn’t mean that high interest rates didn’t mitigate the rise.
Most people (not counting all the rich people our realtors seem to know) look for a monthly payment they can handle. More interest = less principal.
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