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schizo2buyORnot
ParticipantLooks like some of the most prodigous posters here and their certitude of where prices are going are overly pessimistic.
Bsrsharma = wrong
bsrsharma on August 18, 2007 – 9:02am.
How low should it go$521,250 is the theoretical upper limit per my model. But, if I have to buy, I will offer $400K. It may take 12-24 months -mid/ end of recession time.
5yearwaiter = wrong
Submitted by 5yearwaiter on August 17, 2007 – 9:09pm.
The real worth for this kind of home when built was around 577K in the year of 2003. I will add 6% to this amount from that period which means it supposed to be worth of 737000.temeculaguy = wrong
Submitted by temeculaguy on August 17, 2007 – 10:32pm.
‘m guessing it’s gonna take a hit. I like what the others have said, 700k range,
Ex-SD = wrong (no surprise there)
Submitted by Ex-SD on August 18, 2007 – 10:35am.
Just keep waiting. Homes like this in this area will eventually sell for $375k – $420k. That’s all they’re really worth.Nancy_s soothsayer = wrong
Submitted by Nancy_s soothsayer on August 18, 2007 – 12:25pm.
Give or take $200,000 for the weather-and-surfing tax, the same San Diego house should only add up to $450,000 for comparison.
Arty = wrong
Submitted by Arty on August 18, 2007 – 5:15pm.
~500,000 give good 20% down and you don’t need a jumbo loan. However, it could go lower, come on, 4s is kind of far, 15 and 52…In search of a crystal ball . . . .
ParticipantLooks like some of the most prodigous posters here and their certitude of where prices are going are overly pessimistic.
Bsrsharma = wrong
bsrsharma on August 18, 2007 – 9:02am.
How low should it go$521,250 is the theoretical upper limit per my model. But, if I have to buy, I will offer $400K. It may take 12-24 months -mid/ end of recession time.
5yearwaiter = wrong
Submitted by 5yearwaiter on August 17, 2007 – 9:09pm.
The real worth for this kind of home when built was around 577K in the year of 2003. I will add 6% to this amount from that period which means it supposed to be worth of 737000.temeculaguy = wrong
Submitted by temeculaguy on August 17, 2007 – 10:32pm.
‘m guessing it’s gonna take a hit. I like what the others have said, 700k range,
Ex-SD = wrong (no surprise there)
Submitted by Ex-SD on August 18, 2007 – 10:35am.
Just keep waiting. Homes like this in this area will eventually sell for $375k – $420k. That’s all they’re really worth.Nancy_s soothsayer = wrong
Submitted by Nancy_s soothsayer on August 18, 2007 – 12:25pm.
Give or take $200,000 for the weather-and-surfing tax, the same San Diego house should only add up to $450,000 for comparison.
Arty = wrong
Submitted by Arty on August 18, 2007 – 5:15pm.
~500,000 give good 20% down and you don’t need a jumbo loan. However, it could go lower, come on, 4s is kind of far, 15 and 52…In search of a crystal ball . . . .
ParticipantLooks like some of the most prodigous posters here and their certitude of where prices are going are overly pessimistic.
Bsrsharma = wrong
bsrsharma on August 18, 2007 – 9:02am.
How low should it go$521,250 is the theoretical upper limit per my model. But, if I have to buy, I will offer $400K. It may take 12-24 months -mid/ end of recession time.
5yearwaiter = wrong
Submitted by 5yearwaiter on August 17, 2007 – 9:09pm.
The real worth for this kind of home when built was around 577K in the year of 2003. I will add 6% to this amount from that period which means it supposed to be worth of 737000.temeculaguy = wrong
Submitted by temeculaguy on August 17, 2007 – 10:32pm.
‘m guessing it’s gonna take a hit. I like what the others have said, 700k range,
Ex-SD = wrong (no surprise there)
Submitted by Ex-SD on August 18, 2007 – 10:35am.
Just keep waiting. Homes like this in this area will eventually sell for $375k – $420k. That’s all they’re really worth.Nancy_s soothsayer = wrong
Submitted by Nancy_s soothsayer on August 18, 2007 – 12:25pm.
Give or take $200,000 for the weather-and-surfing tax, the same San Diego house should only add up to $450,000 for comparison.
Arty = wrong
Submitted by Arty on August 18, 2007 – 5:15pm.
~500,000 give good 20% down and you don’t need a jumbo loan. However, it could go lower, come on, 4s is kind of far, 15 and 52…In search of a crystal ball . . . .
ParticipantLooks like some of the most prodigous posters here and their certitude of where prices are going are overly pessimistic.
Bsrsharma = wrong
bsrsharma on August 18, 2007 – 9:02am.
How low should it go$521,250 is the theoretical upper limit per my model. But, if I have to buy, I will offer $400K. It may take 12-24 months -mid/ end of recession time.
5yearwaiter = wrong
Submitted by 5yearwaiter on August 17, 2007 – 9:09pm.
The real worth for this kind of home when built was around 577K in the year of 2003. I will add 6% to this amount from that period which means it supposed to be worth of 737000.temeculaguy = wrong
Submitted by temeculaguy on August 17, 2007 – 10:32pm.
‘m guessing it’s gonna take a hit. I like what the others have said, 700k range,
Ex-SD = wrong (no surprise there)
Submitted by Ex-SD on August 18, 2007 – 10:35am.
Just keep waiting. Homes like this in this area will eventually sell for $375k – $420k. That’s all they’re really worth.Nancy_s soothsayer = wrong
Submitted by Nancy_s soothsayer on August 18, 2007 – 12:25pm.
Give or take $200,000 for the weather-and-surfing tax, the same San Diego house should only add up to $450,000 for comparison.
Arty = wrong
Submitted by Arty on August 18, 2007 – 5:15pm.
~500,000 give good 20% down and you don’t need a jumbo loan. However, it could go lower, come on, 4s is kind of far, 15 and 52…In search of a crystal ball . . . .
ParticipantUpdate . . .
Since 4S is one of the places I’m looking at and this piece of property was the subject of debate here, I’m posting an update. The place sold for $870,000 on Sept. 21. If I’m not mistaken Sept. 21 would be a post initial sub-prime blow up date.
Who among the prognosticators on this place ended up being right????
In search of a crystal ball . . . .
ParticipantUpdate . . .
Since 4S is one of the places I’m looking at and this piece of property was the subject of debate here, I’m posting an update. The place sold for $870,000 on Sept. 21. If I’m not mistaken Sept. 21 would be a post initial sub-prime blow up date.
Who among the prognosticators on this place ended up being right????
In search of a crystal ball . . . .
ParticipantUpdate . . .
Since 4S is one of the places I’m looking at and this piece of property was the subject of debate here, I’m posting an update. The place sold for $870,000 on Sept. 21. If I’m not mistaken Sept. 21 would be a post initial sub-prime blow up date.
Who among the prognosticators on this place ended up being right????
In search of a crystal ball . . . .
ParticipantUpdate . . .
Since 4S is one of the places I’m looking at and this piece of property was the subject of debate here, I’m posting an update. The place sold for $870,000 on Sept. 21. If I’m not mistaken Sept. 21 would be a post initial sub-prime blow up date.
Who among the prognosticators on this place ended up being right????
In search of a crystal ball . . . .
ParticipantUpdate . . .
Since 4S is one of the places I’m looking at and this piece of property was the subject of debate here, I’m posting an update. The place sold for $870,000 on Sept. 21. If I’m not mistaken Sept. 21 would be a post initial sub-prime blow up date.
Who among the prognosticators on this place ended up being right????
In search of a crystal ball . . . .
November 14, 2007 at 1:47 PM in reply to: Home prices back to 2003 levels – according to the UT #99410ParticipantPrices in the top 1/3 priced homes in the SD market were at March, 2005 prices as of the most recent Case Shiller data of August, 2007.
As of August, 2007
Top 1/3 (homes over 678K) at March, 2005 prices
Middle 1/3 (homes between 482K to 678K) at June, 2004 prices
Bottom 1/3 (homes under 482K) at July, 2004 prices
In search of a crystal ball . . . .
November 14, 2007 at 1:47 PM in reply to: Home prices back to 2003 levels – according to the UT #99475ParticipantPrices in the top 1/3 priced homes in the SD market were at March, 2005 prices as of the most recent Case Shiller data of August, 2007.
As of August, 2007
Top 1/3 (homes over 678K) at March, 2005 prices
Middle 1/3 (homes between 482K to 678K) at June, 2004 prices
Bottom 1/3 (homes under 482K) at July, 2004 prices
In search of a crystal ball . . . .
November 14, 2007 at 1:47 PM in reply to: Home prices back to 2003 levels – according to the UT #99490ParticipantPrices in the top 1/3 priced homes in the SD market were at March, 2005 prices as of the most recent Case Shiller data of August, 2007.
As of August, 2007
Top 1/3 (homes over 678K) at March, 2005 prices
Middle 1/3 (homes between 482K to 678K) at June, 2004 prices
Bottom 1/3 (homes under 482K) at July, 2004 prices
In search of a crystal ball . . . .
November 14, 2007 at 1:47 PM in reply to: Home prices back to 2003 levels – according to the UT #99497ParticipantPrices in the top 1/3 priced homes in the SD market were at March, 2005 prices as of the most recent Case Shiller data of August, 2007.
As of August, 2007
Top 1/3 (homes over 678K) at March, 2005 prices
Middle 1/3 (homes between 482K to 678K) at June, 2004 prices
Bottom 1/3 (homes under 482K) at July, 2004 prices
In search of a crystal ball . . . .
November 14, 2007 at 1:40 PM in reply to: Top tier SD RE has dropped 5.8% from peak . . . overall SD RE dopped 9.4% #99330ParticipantPrices in the top 1/3 are now at March, 2005 prices.
Minor Correction . . .
The top 1/3 . . . As of Aug, 07 index # is at 211.48 (not 226.73) for a drop of 5.8%
The original post in referring to the top 1/3 of market erroneously had the Aug, 07 index # (226.73) which is the # for the ENTIRE SD market, not the top 1/3 index # (211.48). The 5.8% total drop was and is correct.
In search of a crystal ball . . . .
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