[Ren]

[quote=bearishgurl]ER, I don’t see how there could be a “trickle down” effect of lowered values to La Playa San Diego (92106) or Del Mar Village because a homeowner in SantaLuz (92127) or Scripps Ranch San Diego (92131) lost their (valued at over $680K) property to foreclosure.[/quote]

I know this isn’t exactly on topic but… what some of the more bullish among you are forgetting is that there is no wall around the nicer areas. The change from less desirable to better neighborhoods can be very gradual, and the sale of a nice 4/3 in a slightly less desirable neighborhood is a comp for a similar 4/3 a half mile away in a slightly nicer neighborhood. That house is a comp for a 4/3 in an even nicer neighborhood another half mile away. Repeat a dozen times until you’re smack in the middle of one of our magical coastal communities, and the same size 4/3 is worth twice what the first house is – but it was affected by that first sale, period. There is no appraisal force field around La Jolla.

Like many others, I’m willing to pay a lot more to live in south Carlsbad than Vista. A LOT more. Those areas will always command a premium, and may even be close to their bottom – but what you can’t argue is that those areas aren’t affected by price drops in less desirable areas. Of course it depends on how much people (like me) are willing and able to pay for a nice area (that’s why they command a premium in the first place), but ultimately the sale price also depends on the appraisal and comps (and therefore indirectly, government intervention). No, a big drop in a less desireable area is not going to pound the prices in a nice area, because nicer areas fluctuate less, and rise and fall at different rates. But it does make some impact. That’s all I’m sayin’.

It’s okay to admit that – it doesn’t change the fact that Del Mar is still waaaaay better than Escondido and may be close to being priced right.

Yes, I’m becoming more bullish in my old age.

[Ren]

[quote=bearishgurl]ER, I don’t see how there could be a “trickle down” effect of lowered values to La Playa San Diego (92106) or Del Mar Village because a homeowner in SantaLuz (92127) or Scripps Ranch San Diego (92131) lost their (valued at over $680K) property to foreclosure.[/quote]

I know this isn’t exactly on topic but… what some of the more bullish among you are forgetting is that there is no wall around the nicer areas. The change from less desirable to better neighborhoods can be very gradual, and the sale of a nice 4/3 in a slightly less desirable neighborhood is a comp for a similar 4/3 a half mile away in a slightly nicer neighborhood. That house is a comp for a 4/3 in an even nicer neighborhood another half mile away. Repeat a dozen times until you’re smack in the middle of one of our magical coastal communities, and the same size 4/3 is worth twice what the first house is – but it was affected by that first sale, period. There is no appraisal force field around La Jolla.

Like many others, I’m willing to pay a lot more to live in south Carlsbad than Vista. A LOT more. Those areas will always command a premium, and may even be close to their bottom – but what you can’t argue is that those areas aren’t affected by price drops in less desirable areas. Of course it depends on how much people (like me) are willing and able to pay for a nice area (that’s why they command a premium in the first place), but ultimately the sale price also depends on the appraisal and comps (and therefore indirectly, government intervention). No, a big drop in a less desireable area is not going to pound the prices in a nice area, because nicer areas fluctuate less, and rise and fall at different rates. But it does make some impact. That’s all I’m sayin’.

It’s okay to admit that – it doesn’t change the fact that Del Mar is still waaaaay better than Escondido and may be close to being priced right.

Yes, I’m becoming more bullish in my old age.

[Ren]

[quote=bearishgurl]ER, I don’t see how there could be a “trickle down” effect of lowered values to La Playa San Diego (92106) or Del Mar Village because a homeowner in SantaLuz (92127) or Scripps Ranch San Diego (92131) lost their (valued at over $680K) property to foreclosure.[/quote]

I know this isn’t exactly on topic but… what some of the more bullish among you are forgetting is that there is no wall around the nicer areas. The change from less desirable to better neighborhoods can be very gradual, and the sale of a nice 4/3 in a slightly less desirable neighborhood is a comp for a similar 4/3 a half mile away in a slightly nicer neighborhood. That house is a comp for a 4/3 in an even nicer neighborhood another half mile away. Repeat a dozen times until you’re smack in the middle of one of our magical coastal communities, and the same size 4/3 is worth twice what the first house is – but it was affected by that first sale, period. There is no appraisal force field around La Jolla.

Like many others, I’m willing to pay a lot more to live in south Carlsbad than Vista. A LOT more. Those areas will always command a premium, and may even be close to their bottom – but what you can’t argue is that those areas aren’t affected by price drops in less desirable areas. Of course it depends on how much people (like me) are willing and able to pay for a nice area (that’s why they command a premium in the first place), but ultimately the sale price also depends on the appraisal and comps (and therefore indirectly, government intervention). No, a big drop in a less desireable area is not going to pound the prices in a nice area, because nicer areas fluctuate less, and rise and fall at different rates. But it does make some impact. That’s all I’m sayin’.

It’s okay to admit that – it doesn’t change the fact that Del Mar is still waaaaay better than Escondido and may be close to being priced right.

Yes, I’m becoming more bullish in my old age.

[Ren]

[quote=bearishgurl]ER, I don’t see how there could be a “trickle down” effect of lowered values to La Playa San Diego (92106) or Del Mar Village because a homeowner in SantaLuz (92127) or Scripps Ranch San Diego (92131) lost their (valued at over $680K) property to foreclosure.[/quote]

I know this isn’t exactly on topic but… what some of the more bullish among you are forgetting is that there is no wall around the nicer areas. The change from less desirable to better neighborhoods can be very gradual, and the sale of a nice 4/3 in a slightly less desirable neighborhood is a comp for a similar 4/3 a half mile away in a slightly nicer neighborhood. That house is a comp for a 4/3 in an even nicer neighborhood another half mile away. Repeat a dozen times until you’re smack in the middle of one of our magical coastal communities, and the same size 4/3 is worth twice what the first house is – but it was affected by that first sale, period. There is no appraisal force field around La Jolla.

Like many others, I’m willing to pay a lot more to live in south Carlsbad than Vista. A LOT more. Those areas will always command a premium, and may even be close to their bottom – but what you can’t argue is that those areas aren’t affected by price drops in less desirable areas. Of course it depends on how much people (like me) are willing and able to pay for a nice area (that’s why they command a premium in the first place), but ultimately the sale price also depends on the appraisal and comps (and therefore indirectly, government intervention). No, a big drop in a less desireable area is not going to pound the prices in a nice area, because nicer areas fluctuate less, and rise and fall at different rates. But it does make some impact. That’s all I’m sayin’.

It’s okay to admit that – it doesn’t change the fact that Del Mar is still waaaaay better than Escondido and may be close to being priced right.

Yes, I’m becoming more bullish in my old age.

[Ren]

[quote=bearishgurl]ER, I don’t see how there could be a “trickle down” effect of lowered values to La Playa San Diego (92106) or Del Mar Village because a homeowner in SantaLuz (92127) or Scripps Ranch San Diego (92131) lost their (valued at over $680K) property to foreclosure.[/quote]

I know this isn’t exactly on topic but… what some of the more bullish among you are forgetting is that there is no wall around the nicer areas. The change from less desirable to better neighborhoods can be very gradual, and the sale of a nice 4/3 in a slightly less desirable neighborhood is a comp for a similar 4/3 a half mile away in a slightly nicer neighborhood. That house is a comp for a 4/3 in an even nicer neighborhood another half mile away. Repeat a dozen times until you’re smack in the middle of one of our magical coastal communities, and the same size 4/3 is worth twice what the first house is – but it was affected by that first sale, period. There is no appraisal force field around La Jolla.

Like many others, I’m willing to pay a lot more to live in south Carlsbad than Vista. A LOT more. Those areas will always command a premium, and may even be close to their bottom – but what you can’t argue is that those areas aren’t affected by price drops in less desirable areas. Of course it depends on how much people (like me) are willing and able to pay for a nice area (that’s why they command a premium in the first place), but ultimately the sale price also depends on the appraisal and comps (and therefore indirectly, government intervention). No, a big drop in a less desireable area is not going to pound the prices in a nice area, because nicer areas fluctuate less, and rise and fall at different rates. But it does make some impact. That’s all I’m sayin’.

It’s okay to admit that – it doesn’t change the fact that Del Mar is still waaaaay better than Escondido and may be close to being priced right.

Yes, I’m becoming more bullish in my old age.

[Ren]

Your El Al friend failed to mention another very important difference – the Americans have very little training, and that training is ALL procedural. The Israelis have much more training, and that includes human behavior.

The wacky dysfunctional (and insulting and humiliating) American security incidents are too numerous to go into, but my favorite is how they treat returning American GIs. In the case I’m thinking of, they confiscated unloaded guns, but let them keep the big standard issue knives designed for close fighting. It’s “policy”, of course. Whatever you do, don’t vary from procedure.

That’s what you get when you hire and pay for mall security guards, then manage them with a combination of ineptitude and political correctness. At least the terrorists are usually equally stupid, but it’s just a matter of time.

[Ren]

Your El Al friend failed to mention another very important difference – the Americans have very little training, and that training is ALL procedural. The Israelis have much more training, and that includes human behavior.

The wacky dysfunctional (and insulting and humiliating) American security incidents are too numerous to go into, but my favorite is how they treat returning American GIs. In the case I’m thinking of, they confiscated unloaded guns, but let them keep the big standard issue knives designed for close fighting. It’s “policy”, of course. Whatever you do, don’t vary from procedure.

That’s what you get when you hire and pay for mall security guards, then manage them with a combination of ineptitude and political correctness. At least the terrorists are usually equally stupid, but it’s just a matter of time.

[Ren]

Your El Al friend failed to mention another very important difference – the Americans have very little training, and that training is ALL procedural. The Israelis have much more training, and that includes human behavior.

The wacky dysfunctional (and insulting and humiliating) American security incidents are too numerous to go into, but my favorite is how they treat returning American GIs. In the case I’m thinking of, they confiscated unloaded guns, but let them keep the big standard issue knives designed for close fighting. It’s “policy”, of course. Whatever you do, don’t vary from procedure.

That’s what you get when you hire and pay for mall security guards, then manage them with a combination of ineptitude and political correctness. At least the terrorists are usually equally stupid, but it’s just a matter of time.

[Ren]

Your El Al friend failed to mention another very important difference – the Americans have very little training, and that training is ALL procedural. The Israelis have much more training, and that includes human behavior.

The wacky dysfunctional (and insulting and humiliating) American security incidents are too numerous to go into, but my favorite is how they treat returning American GIs. In the case I’m thinking of, they confiscated unloaded guns, but let them keep the big standard issue knives designed for close fighting. It’s “policy”, of course. Whatever you do, don’t vary from procedure.

That’s what you get when you hire and pay for mall security guards, then manage them with a combination of ineptitude and political correctness. At least the terrorists are usually equally stupid, but it’s just a matter of time.

[Ren]

Your El Al friend failed to mention another very important difference – the Americans have very little training, and that training is ALL procedural. The Israelis have much more training, and that includes human behavior.

The wacky dysfunctional (and insulting and humiliating) American security incidents are too numerous to go into, but my favorite is how they treat returning American GIs. In the case I’m thinking of, they confiscated unloaded guns, but let them keep the big standard issue knives designed for close fighting. It’s “policy”, of course. Whatever you do, don’t vary from procedure.

That’s what you get when you hire and pay for mall security guards, then manage them with a combination of ineptitude and political correctness. At least the terrorists are usually equally stupid, but it’s just a matter of time.

[Ren]

LOL at the Guardian being the voice of the world. They are the voice of the blissfully deluded.

Besides the ridiculous comparisons of terrible wartime errors and a few reckless and stupid U.S. soldiers to a monster like Bin Laden, the problem with that writer’s sentiment (and the [almost?] MLK quote) is that muslim extremists have no respect for love or diplomacy, so it just plain doesn’t work with them. You can tell a rabid pit bull how much you care until you’re blue in the face, but it’s still going to eat your poodle, because it doesn’t think the way you do.

Whether we handled it perfectly or not, no one can argue that he didn’t need to be taken out of action, and he certainly deserves to be dead. It’s a credit to the discipline of the SEAL team that they didn’t put 50 holes in him.

[Ren]

LOL at the Guardian being the voice of the world. They are the voice of the blissfully deluded.

Besides the ridiculous comparisons of terrible wartime errors and a few reckless and stupid U.S. soldiers to a monster like Bin Laden, the problem with that writer’s sentiment (and the [almost?] MLK quote) is that muslim extremists have no respect for love or diplomacy, so it just plain doesn’t work with them. You can tell a rabid pit bull how much you care until you’re blue in the face, but it’s still going to eat your poodle, because it doesn’t think the way you do.

Whether we handled it perfectly or not, no one can argue that he didn’t need to be taken out of action, and he certainly deserves to be dead. It’s a credit to the discipline of the SEAL team that they didn’t put 50 holes in him.

[Ren]

LOL at the Guardian being the voice of the world. They are the voice of the blissfully deluded.

Besides the ridiculous comparisons of terrible wartime errors and a few reckless and stupid U.S. soldiers to a monster like Bin Laden, the problem with that writer’s sentiment (and the [almost?] MLK quote) is that muslim extremists have no respect for love or diplomacy, so it just plain doesn’t work with them. You can tell a rabid pit bull how much you care until you’re blue in the face, but it’s still going to eat your poodle, because it doesn’t think the way you do.

Whether we handled it perfectly or not, no one can argue that he didn’t need to be taken out of action, and he certainly deserves to be dead. It’s a credit to the discipline of the SEAL team that they didn’t put 50 holes in him.

[Ren]

LOL at the Guardian being the voice of the world. They are the voice of the blissfully deluded.

Besides the ridiculous comparisons of terrible wartime errors and a few reckless and stupid U.S. soldiers to a monster like Bin Laden, the problem with that writer’s sentiment (and the [almost?] MLK quote) is that muslim extremists have no respect for love or diplomacy, so it just plain doesn’t work with them. You can tell a rabid pit bull how much you care until you’re blue in the face, but it’s still going to eat your poodle, because it doesn’t think the way you do.

Whether we handled it perfectly or not, no one can argue that he didn’t need to be taken out of action, and he certainly deserves to be dead. It’s a credit to the discipline of the SEAL team that they didn’t put 50 holes in him.

[Ren]

LOL at the Guardian being the voice of the world. They are the voice of the blissfully deluded.

Besides the ridiculous comparisons of terrible wartime errors and a few reckless and stupid U.S. soldiers to a monster like Bin Laden, the problem with that writer’s sentiment (and the [almost?] MLK quote) is that muslim extremists have no respect for love or diplomacy, so it just plain doesn’t work with them. You can tell a rabid pit bull how much you care until you’re blue in the face, but it’s still going to eat your poodle, because it doesn’t think the way you do.

Whether we handled it perfectly or not, no one can argue that he didn’t need to be taken out of action, and he certainly deserves to be dead. It’s a credit to the discipline of the SEAL team that they didn’t put 50 holes in him.

[Author]

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