[santeeman]

I have just seen a website that contradicts what you have just stated. It shows a year over year that is 5.89% higher(for Austin), hardly a bubble but not a fizzle either…….
http://www.crosslandteam.com/blog/

[santeeman]

No one can provide data that isn’t there.
Realestate prices ARE going down. That is a fact, sales ARE down, that is a fact.www.benengebreth.org/housingtracker
However, folks on this site tend to PREDICT that its going to be for umteen years and until price declines go over 50% and then some. In my humble opinion THAT is beyond reality.
There is some data/information out there that make SOME seem to think prices may have hit bottom too-which is ridiculous- and housing inventories are at least for now in San Diego declining, albeit time of year, expireds, sales, I don’t know, but they are.www.benengebreth.org/housingtracker. So I say I agree don’t hold your breath for others to feel the same way you do and give away 100k,(renting won’t save you forever it’s going up) don’t put your chickens in one basket, don’t get caught up in the hype, and listen to your mother.

p.s. By the way people who are foreclosed on DO rent. Not every individual who is a landlord checks credit. If you are making 80k you still can afford to rent. You just can’t afford to make the payments on your 650k no interest insane loan you got.

[santeeman]

You are not being real clear. What would you like statistics on? I can give you links with stats on both sides of the fence…I am on the fence should I stay or should I go….I am positive of one thing I am not sure what is best!

[santeeman]

oops

[santeeman]

This comment is For “PD” https://realestatebubblemap.pbwiki.com/San%20Diego%2C%20CAto “PD” This is the website you are looking for. It contains all that and more for the areas at highest risk for decline, and the statics on the last downturn and more.

[santeeman]

Off track, but isn’t it a shame that “kids” in this generation worry about buying realestate. I didn’t think about it until I had a kid! My nepew was 19(works for his Dad and makes 70k a year) bought a condo in Santee last year,275k and got married and had a kid…his sister is going to grad school in AZ(cause its cheaper) and she and her boyfriend are going to try to buy….its the American Dream kidz on the fast track!

[santeeman]

We all saw people saying housing was too expensive to buy in the 90’s @200k then 300k and so on. We all thought it was. One of my neighbors that rents had said to me, “I don’t wanna buy a house, all the costs for upkeep,etc…” Now he has been living in his house that was worth 130k when he moved there, been upkeeping it on his own, owner does nothing, pays higher rent every year and his landlord is 500k richer, they have always talked about moving somewhere else where its cheaper. They never do. I don’t expect they will. No one can afford to survive at these prices if they continue,(which they are not) but everyone in San Diego moving away from the beaches, weather and family, etc. is I think highly unlikely. Personal wealth will not be sustained just by sitting on it. So we will always pay more for paradise…or you can move, but most of us will buy eventually, and try to build the american dream . Income will eventually get higher, rents will go up and houses will come down. How much is the question NOBODY KNOWS for sure…they never new how high they would go, and no one can predict how low. Ebb and flow…….

[santeeman]

This guy makes a good point. Houses are comming down a little on the whole, and a huge amount for the “screwed”. I have seen a few houses in the past couple of months come down $100 thousand and they were gone in a couple of days. But the listings are not climbing higher, they have come down a little, sales and a lot of expired listing I expect http://www.benengebreth.org/housingtracker/location/California/SanDiego. I have friends that didn’t buy in the 90’s and kept saying not for $200,000, not for $300,000,(and they could afford it) and now its out of the question for everyone who isn’t a doctor and a lawyer. Now that they have made 500 thousand for their landlords’, not to mention what they are paying in rent,(close to 2000) now the rents are on the rise so that the landlord’s can make their payments and the forecloser’s are gonna send folks into the rental market, which occupancy is at like 95%. http://www.realfacts.com/7262006.html
It may not come down to the levels folks are thinking here. “Don’t hold your breath” like my neighbors did.

[santeeman]

Yeah right, well at least your hopeful…….

[santeeman]

Yeah right, well at least your hopeful…….

[santeeman]

Yeah right, well at least your hopeful…….

[santeeman]

Yeah right, well at least your hopeful…….

[santeeman]

Yeah right, well at least your hopeful…….

[santeeman]

Yeah right, well at least your hopeful…….

[santeeman]

Yeah right, well at least your hopeful…….

[Author]

Posts