[Sandi Egan]

that would make the median home 7x the median income

Don’t you know that 90% of Californians make more money than the median income in California? If you don’t believe me, check out the mortgage loan applications for the last couple of years.

Also, haven’t you learned ANYTHING from this blog? Plain vanilla median income is meaningless and not applicable to SoCal. If you don’t use more sophisticated measures, at least consider using median income per lb of the earner’s body.

[Sandi Egan]

that would make the median home 7x the median income

Don’t you know that 90% of Californians make more money than the median income in California? If you don’t believe me, check out the mortgage loan applications for the last couple of years.

Also, haven’t you learned ANYTHING from this blog? Plain vanilla median income is meaningless and not applicable to SoCal. If you don’t use more sophisticated measures, at least consider using median income per lb of the earner’s body.

[Sandi Egan]

that would make the median home 7x the median income

Don’t you know that 90% of Californians make more money than the median income in California? If you don’t believe me, check out the mortgage loan applications for the last couple of years.

Also, haven’t you learned ANYTHING from this blog? Plain vanilla median income is meaningless and not applicable to SoCal. If you don’t use more sophisticated measures, at least consider using median income per lb of the earner’s body.

[Sandi Egan]

What about ’05, ’06 and ’07?

[Sandi Egan]

What about ’05, ’06 and ’07?

[Sandi Egan]

What about ’05, ’06 and ’07?

[Sandi Egan]

sdrealtor writes: my attorney friend he explained how just about every Realtor doing short sales put their clients at extreme peril because thye dont truly understand the law.
Sounds like something many of us, particularly the topic starter, might find interesting and relevant. Could you please elaborate a little?

[Sandi Egan]

sdrealtor writes: my attorney friend he explained how just about every Realtor doing short sales put their clients at extreme peril because thye dont truly understand the law.
Sounds like something many of us, particularly the topic starter, might find interesting and relevant. Could you please elaborate a little?

[Sandi Egan]

sdrealtor writes: my attorney friend he explained how just about every Realtor doing short sales put their clients at extreme peril because thye dont truly understand the law.
Sounds like something many of us, particularly the topic starter, might find interesting and relevant. Could you please elaborate a little?

[Sandi Egan]

Wow.
Do you guys think it’s a real number or a fluctuation?

[Sandi Egan]

Wow.
Do you guys think it’s a real number or a fluctuation?

[Sandi Egan]

In Feb 2005 I was very close to signing myself and my family into a deadly toxic $700K 3/27 ARM, when a friend sent me a link to this website. Reading Mr. Toscano’s excellent data-backed analysis opened my eyes and literally saved me from a nice six-digit loss. I am not exaggerating, this site is the reason I backed out. So personally for me piggington.com proved to be ten times more useful than the rest of the Internet combined.

[Sandi Egan]

ordinary housewiives are investing in the stock markets over there and making a killing

OK, cashman, that is the best indicator of a bubble. It is going to explode, likely following the “correction” in the US.

The Chiinese people I see here im my neighborhood are heavily armed—-with cash.

Chinese people that are here are in the same position as the rest of us, only they save more and shun borrowing money. Weird, I know. But other than that consider them Americans. Now, for Chinese from China it is waay too difficult to visit our country let alone invest in real estate over here. I am not saying there will be no foreigners at all buying houses in San Diego, but favorable currency rate is not nearly enough to trigger wholesale RE acquisitions by Chinese.

Your personal situation aside, I think affluent foreigners buying homes in my neighborhood is generally a good thing.

[Sandi Egan]

“Oh, that’s a shame, I was thinking of offering but I’m not getting into a bidding war. If they fall through, give me a call, I’ll come check it out again.”
Then leave.

Great advice 🙂

[Sandi Egan]

The decline is pretty much what I expected.
The handling of the crisis by those in charge is much worse than it should be. Which again is in line with expectations.

[Author]

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