[SD Realtor]

Hi cash –

From my perspective, no none of them are foreign money. Most of them are professionals either in the legal field, engineering/biotech field, and medical field. Most of them are renting and have money from a previous sale. A couple of them are retirees and I don’t know where the money came from at all. It is not my business to ask. Of the professional coupls, a few of them are dual income families but not all. In every case they have or are striving to have 20% to put down. In a few cases they are all or most all cash. In all cases they are buying for the long haul but they are not just jumping in feet first. Most all of them have been shopping for many months if not more, with the exception of one who is a relo from the southeast. Most of them do realize the prospects of future depreciation although they do vary in opinion on the scope of that depreciation regardless of my opinion. Many if not all of them are frustrated by the recent activity surge. I would imagine most of them will continue to wait although some of them will continue to shoot in lowball offers. Many kind of have the same thoughts as you mentioned above that the price is not great but doable for them. They may continue to wait for a month a year or many years. They all vary.

SD Realtor

[SD Realtor]

Hi cash –

From my perspective, no none of them are foreign money. Most of them are professionals either in the legal field, engineering/biotech field, and medical field. Most of them are renting and have money from a previous sale. A couple of them are retirees and I don’t know where the money came from at all. It is not my business to ask. Of the professional coupls, a few of them are dual income families but not all. In every case they have or are striving to have 20% to put down. In a few cases they are all or most all cash. In all cases they are buying for the long haul but they are not just jumping in feet first. Most all of them have been shopping for many months if not more, with the exception of one who is a relo from the southeast. Most of them do realize the prospects of future depreciation although they do vary in opinion on the scope of that depreciation regardless of my opinion. Many if not all of them are frustrated by the recent activity surge. I would imagine most of them will continue to wait although some of them will continue to shoot in lowball offers. Many kind of have the same thoughts as you mentioned above that the price is not great but doable for them. They may continue to wait for a month a year or many years. They all vary.

SD Realtor

[SD Realtor]

Hi cash –

From my perspective, no none of them are foreign money. Most of them are professionals either in the legal field, engineering/biotech field, and medical field. Most of them are renting and have money from a previous sale. A couple of them are retirees and I don’t know where the money came from at all. It is not my business to ask. Of the professional coupls, a few of them are dual income families but not all. In every case they have or are striving to have 20% to put down. In a few cases they are all or most all cash. In all cases they are buying for the long haul but they are not just jumping in feet first. Most all of them have been shopping for many months if not more, with the exception of one who is a relo from the southeast. Most of them do realize the prospects of future depreciation although they do vary in opinion on the scope of that depreciation regardless of my opinion. Many if not all of them are frustrated by the recent activity surge. I would imagine most of them will continue to wait although some of them will continue to shoot in lowball offers. Many kind of have the same thoughts as you mentioned above that the price is not great but doable for them. They may continue to wait for a month a year or many years. They all vary.

SD Realtor

[SD Realtor]

Hi cash –

From my perspective, no none of them are foreign money. Most of them are professionals either in the legal field, engineering/biotech field, and medical field. Most of them are renting and have money from a previous sale. A couple of them are retirees and I don’t know where the money came from at all. It is not my business to ask. Of the professional coupls, a few of them are dual income families but not all. In every case they have or are striving to have 20% to put down. In a few cases they are all or most all cash. In all cases they are buying for the long haul but they are not just jumping in feet first. Most all of them have been shopping for many months if not more, with the exception of one who is a relo from the southeast. Most of them do realize the prospects of future depreciation although they do vary in opinion on the scope of that depreciation regardless of my opinion. Many if not all of them are frustrated by the recent activity surge. I would imagine most of them will continue to wait although some of them will continue to shoot in lowball offers. Many kind of have the same thoughts as you mentioned above that the price is not great but doable for them. They may continue to wait for a month a year or many years. They all vary.

SD Realtor

[SD Realtor]

Hi cash –

From my perspective, no none of them are foreign money. Most of them are professionals either in the legal field, engineering/biotech field, and medical field. Most of them are renting and have money from a previous sale. A couple of them are retirees and I don’t know where the money came from at all. It is not my business to ask. Of the professional coupls, a few of them are dual income families but not all. In every case they have or are striving to have 20% to put down. In a few cases they are all or most all cash. In all cases they are buying for the long haul but they are not just jumping in feet first. Most all of them have been shopping for many months if not more, with the exception of one who is a relo from the southeast. Most of them do realize the prospects of future depreciation although they do vary in opinion on the scope of that depreciation regardless of my opinion. Many if not all of them are frustrated by the recent activity surge. I would imagine most of them will continue to wait although some of them will continue to shoot in lowball offers. Many kind of have the same thoughts as you mentioned above that the price is not great but doable for them. They may continue to wait for a month a year or many years. They all vary.

SD Realtor

[SD Realtor]

First off, sorry to deviate off the main topic of the thread which was questioning the valuations of rents being charged. SDE made the best post, it IS all about supply and demand. If there is demand for that 4k monthly rent, then the home will rent… it is all pretty simple.

As for the property sales… It is a tough call… Again, there can be no argument that valuations are out of whack… The premium for living in some of these more desireable parts of the county makes no fiscal sense to me but it a few of these homes are selling. I took a quick look at 92130 sales since 3/1/08. Here is the financing picture:

Sales price Date Financed
590 3/5 410
620 4/1 496
675 4/7 0
694 4/3 548
725 4/4 0
765 3/11 480
800 3/20 730
780 4/17 not recorded yet
784 3/17 417
795 4/11 532
863 3/19 567
868 3/25 350
870 4/10 290
870 3/17 550
885 4/11 775
903.5 4/4 403.5
950 3/18 712.5
950 4/3 780
987 3/13 575
1.09 3/18 475
1.125 4/4 843
1.17 4/18 not recorded
1.175 3/13 881
1.2 4/3 800
1.25 3/6 417
1.25 (lot not a home) 3/26 0
1.25 3/13 1M (actually 1,000,001) which is kind of peculiar….
1.41 4/8 1.1M
1.425 3/11 400
1.775 3/14 1.42M
1.85 4/3 1.1M
1.975 3/27 0
2.1 3/10 1M
2.275 3/20 0
3.225 4/15 not recorded yet.

So anyways, people can take this data anyway they want. Some of you may say, oh man… these guys are foreclosures waiting to happen. Personally I don’t think so.

Once more, this is not anything but data. My premise is that in communities like this, I really do throw out mean or median incomes and such. I am not saying Carmel Valley will not go down. I just think that sometimes there is a bit to much insight trying to be made on some of the statistics and that once more I detect a little of the “prices HAVE to go to such and such a level”… Maybe they will, maybe they won’t… I am always surprised at how much money there is out there.

[SD Realtor]

First off, sorry to deviate off the main topic of the thread which was questioning the valuations of rents being charged. SDE made the best post, it IS all about supply and demand. If there is demand for that 4k monthly rent, then the home will rent… it is all pretty simple.

As for the property sales… It is a tough call… Again, there can be no argument that valuations are out of whack… The premium for living in some of these more desireable parts of the county makes no fiscal sense to me but it a few of these homes are selling. I took a quick look at 92130 sales since 3/1/08. Here is the financing picture:

Sales price Date Financed
590 3/5 410
620 4/1 496
675 4/7 0
694 4/3 548
725 4/4 0
765 3/11 480
800 3/20 730
780 4/17 not recorded yet
784 3/17 417
795 4/11 532
863 3/19 567
868 3/25 350
870 4/10 290
870 3/17 550
885 4/11 775
903.5 4/4 403.5
950 3/18 712.5
950 4/3 780
987 3/13 575
1.09 3/18 475
1.125 4/4 843
1.17 4/18 not recorded
1.175 3/13 881
1.2 4/3 800
1.25 3/6 417
1.25 (lot not a home) 3/26 0
1.25 3/13 1M (actually 1,000,001) which is kind of peculiar….
1.41 4/8 1.1M
1.425 3/11 400
1.775 3/14 1.42M
1.85 4/3 1.1M
1.975 3/27 0
2.1 3/10 1M
2.275 3/20 0
3.225 4/15 not recorded yet.

So anyways, people can take this data anyway they want. Some of you may say, oh man… these guys are foreclosures waiting to happen. Personally I don’t think so.

Once more, this is not anything but data. My premise is that in communities like this, I really do throw out mean or median incomes and such. I am not saying Carmel Valley will not go down. I just think that sometimes there is a bit to much insight trying to be made on some of the statistics and that once more I detect a little of the “prices HAVE to go to such and such a level”… Maybe they will, maybe they won’t… I am always surprised at how much money there is out there.

[SD Realtor]

First off, sorry to deviate off the main topic of the thread which was questioning the valuations of rents being charged. SDE made the best post, it IS all about supply and demand. If there is demand for that 4k monthly rent, then the home will rent… it is all pretty simple.

As for the property sales… It is a tough call… Again, there can be no argument that valuations are out of whack… The premium for living in some of these more desireable parts of the county makes no fiscal sense to me but it a few of these homes are selling. I took a quick look at 92130 sales since 3/1/08. Here is the financing picture:

Sales price Date Financed
590 3/5 410
620 4/1 496
675 4/7 0
694 4/3 548
725 4/4 0
765 3/11 480
800 3/20 730
780 4/17 not recorded yet
784 3/17 417
795 4/11 532
863 3/19 567
868 3/25 350
870 4/10 290
870 3/17 550
885 4/11 775
903.5 4/4 403.5
950 3/18 712.5
950 4/3 780
987 3/13 575
1.09 3/18 475
1.125 4/4 843
1.17 4/18 not recorded
1.175 3/13 881
1.2 4/3 800
1.25 3/6 417
1.25 (lot not a home) 3/26 0
1.25 3/13 1M (actually 1,000,001) which is kind of peculiar….
1.41 4/8 1.1M
1.425 3/11 400
1.775 3/14 1.42M
1.85 4/3 1.1M
1.975 3/27 0
2.1 3/10 1M
2.275 3/20 0
3.225 4/15 not recorded yet.

So anyways, people can take this data anyway they want. Some of you may say, oh man… these guys are foreclosures waiting to happen. Personally I don’t think so.

Once more, this is not anything but data. My premise is that in communities like this, I really do throw out mean or median incomes and such. I am not saying Carmel Valley will not go down. I just think that sometimes there is a bit to much insight trying to be made on some of the statistics and that once more I detect a little of the “prices HAVE to go to such and such a level”… Maybe they will, maybe they won’t… I am always surprised at how much money there is out there.

[SD Realtor]

First off, sorry to deviate off the main topic of the thread which was questioning the valuations of rents being charged. SDE made the best post, it IS all about supply and demand. If there is demand for that 4k monthly rent, then the home will rent… it is all pretty simple.

As for the property sales… It is a tough call… Again, there can be no argument that valuations are out of whack… The premium for living in some of these more desireable parts of the county makes no fiscal sense to me but it a few of these homes are selling. I took a quick look at 92130 sales since 3/1/08. Here is the financing picture:

Sales price Date Financed
590 3/5 410
620 4/1 496
675 4/7 0
694 4/3 548
725 4/4 0
765 3/11 480
800 3/20 730
780 4/17 not recorded yet
784 3/17 417
795 4/11 532
863 3/19 567
868 3/25 350
870 4/10 290
870 3/17 550
885 4/11 775
903.5 4/4 403.5
950 3/18 712.5
950 4/3 780
987 3/13 575
1.09 3/18 475
1.125 4/4 843
1.17 4/18 not recorded
1.175 3/13 881
1.2 4/3 800
1.25 3/6 417
1.25 (lot not a home) 3/26 0
1.25 3/13 1M (actually 1,000,001) which is kind of peculiar….
1.41 4/8 1.1M
1.425 3/11 400
1.775 3/14 1.42M
1.85 4/3 1.1M
1.975 3/27 0
2.1 3/10 1M
2.275 3/20 0
3.225 4/15 not recorded yet.

So anyways, people can take this data anyway they want. Some of you may say, oh man… these guys are foreclosures waiting to happen. Personally I don’t think so.

Once more, this is not anything but data. My premise is that in communities like this, I really do throw out mean or median incomes and such. I am not saying Carmel Valley will not go down. I just think that sometimes there is a bit to much insight trying to be made on some of the statistics and that once more I detect a little of the “prices HAVE to go to such and such a level”… Maybe they will, maybe they won’t… I am always surprised at how much money there is out there.

[SD Realtor]

First off, sorry to deviate off the main topic of the thread which was questioning the valuations of rents being charged. SDE made the best post, it IS all about supply and demand. If there is demand for that 4k monthly rent, then the home will rent… it is all pretty simple.

As for the property sales… It is a tough call… Again, there can be no argument that valuations are out of whack… The premium for living in some of these more desireable parts of the county makes no fiscal sense to me but it a few of these homes are selling. I took a quick look at 92130 sales since 3/1/08. Here is the financing picture:

Sales price Date Financed
590 3/5 410
620 4/1 496
675 4/7 0
694 4/3 548
725 4/4 0
765 3/11 480
800 3/20 730
780 4/17 not recorded yet
784 3/17 417
795 4/11 532
863 3/19 567
868 3/25 350
870 4/10 290
870 3/17 550
885 4/11 775
903.5 4/4 403.5
950 3/18 712.5
950 4/3 780
987 3/13 575
1.09 3/18 475
1.125 4/4 843
1.17 4/18 not recorded
1.175 3/13 881
1.2 4/3 800
1.25 3/6 417
1.25 (lot not a home) 3/26 0
1.25 3/13 1M (actually 1,000,001) which is kind of peculiar….
1.41 4/8 1.1M
1.425 3/11 400
1.775 3/14 1.42M
1.85 4/3 1.1M
1.975 3/27 0
2.1 3/10 1M
2.275 3/20 0
3.225 4/15 not recorded yet.

So anyways, people can take this data anyway they want. Some of you may say, oh man… these guys are foreclosures waiting to happen. Personally I don’t think so.

Once more, this is not anything but data. My premise is that in communities like this, I really do throw out mean or median incomes and such. I am not saying Carmel Valley will not go down. I just think that sometimes there is a bit to much insight trying to be made on some of the statistics and that once more I detect a little of the “prices HAVE to go to such and such a level”… Maybe they will, maybe they won’t… I am always surprised at how much money there is out there.

[SD Realtor]

There is no argument that the metrics are way way out of whack.

However people doubting assets, salaries, and purchasing power of others are doing so because they apply thier own purchasing power, life experience, salaries and circle of friends to the county population in general.

What I am saying is that is short sighted and not realistic. There is no difference between doing that and saying well, everyone here is just as smart or just as dumb as me. Lets not forget that there we have a county population in the 7 figures and we live in one of THE most desireable cities in the country.

Will these people who earn more then us and have this wealth support the market, prop it up, delay the return to fundamentals? Probably not… just try to be realistic and understand what you do or do not have or make in no way reflects what others have or do or do not make.

I am an engineer and work with engineers all day… we all make the same amount more or less and think we are the smartest guys in the world. Yet with my wifes business I deal with plastic surgeons all the time and get a glimpse into thier world. With my real estate business I meet a wide variety of people and have seen more diversity then I would have ever imagined.

Again it will not prop the market up, but don’t fall into the “I don’t make this amount of money trap so how can anyone support this other lifestyle or rental cost,” you kind of see what I am saying?

SD Realtor

[SD Realtor]

There is no argument that the metrics are way way out of whack.

However people doubting assets, salaries, and purchasing power of others are doing so because they apply thier own purchasing power, life experience, salaries and circle of friends to the county population in general.

What I am saying is that is short sighted and not realistic. There is no difference between doing that and saying well, everyone here is just as smart or just as dumb as me. Lets not forget that there we have a county population in the 7 figures and we live in one of THE most desireable cities in the country.

Will these people who earn more then us and have this wealth support the market, prop it up, delay the return to fundamentals? Probably not… just try to be realistic and understand what you do or do not have or make in no way reflects what others have or do or do not make.

I am an engineer and work with engineers all day… we all make the same amount more or less and think we are the smartest guys in the world. Yet with my wifes business I deal with plastic surgeons all the time and get a glimpse into thier world. With my real estate business I meet a wide variety of people and have seen more diversity then I would have ever imagined.

Again it will not prop the market up, but don’t fall into the “I don’t make this amount of money trap so how can anyone support this other lifestyle or rental cost,” you kind of see what I am saying?

SD Realtor

[SD Realtor]

There is no argument that the metrics are way way out of whack.

However people doubting assets, salaries, and purchasing power of others are doing so because they apply thier own purchasing power, life experience, salaries and circle of friends to the county population in general.

What I am saying is that is short sighted and not realistic. There is no difference between doing that and saying well, everyone here is just as smart or just as dumb as me. Lets not forget that there we have a county population in the 7 figures and we live in one of THE most desireable cities in the country.

Will these people who earn more then us and have this wealth support the market, prop it up, delay the return to fundamentals? Probably not… just try to be realistic and understand what you do or do not have or make in no way reflects what others have or do or do not make.

I am an engineer and work with engineers all day… we all make the same amount more or less and think we are the smartest guys in the world. Yet with my wifes business I deal with plastic surgeons all the time and get a glimpse into thier world. With my real estate business I meet a wide variety of people and have seen more diversity then I would have ever imagined.

Again it will not prop the market up, but don’t fall into the “I don’t make this amount of money trap so how can anyone support this other lifestyle or rental cost,” you kind of see what I am saying?

SD Realtor

[SD Realtor]

There is no argument that the metrics are way way out of whack.

However people doubting assets, salaries, and purchasing power of others are doing so because they apply thier own purchasing power, life experience, salaries and circle of friends to the county population in general.

What I am saying is that is short sighted and not realistic. There is no difference between doing that and saying well, everyone here is just as smart or just as dumb as me. Lets not forget that there we have a county population in the 7 figures and we live in one of THE most desireable cities in the country.

Will these people who earn more then us and have this wealth support the market, prop it up, delay the return to fundamentals? Probably not… just try to be realistic and understand what you do or do not have or make in no way reflects what others have or do or do not make.

I am an engineer and work with engineers all day… we all make the same amount more or less and think we are the smartest guys in the world. Yet with my wifes business I deal with plastic surgeons all the time and get a glimpse into thier world. With my real estate business I meet a wide variety of people and have seen more diversity then I would have ever imagined.

Again it will not prop the market up, but don’t fall into the “I don’t make this amount of money trap so how can anyone support this other lifestyle or rental cost,” you kind of see what I am saying?

SD Realtor

[SD Realtor]

There is no argument that the metrics are way way out of whack.

However people doubting assets, salaries, and purchasing power of others are doing so because they apply thier own purchasing power, life experience, salaries and circle of friends to the county population in general.

What I am saying is that is short sighted and not realistic. There is no difference between doing that and saying well, everyone here is just as smart or just as dumb as me. Lets not forget that there we have a county population in the 7 figures and we live in one of THE most desireable cities in the country.

Will these people who earn more then us and have this wealth support the market, prop it up, delay the return to fundamentals? Probably not… just try to be realistic and understand what you do or do not have or make in no way reflects what others have or do or do not make.

I am an engineer and work with engineers all day… we all make the same amount more or less and think we are the smartest guys in the world. Yet with my wifes business I deal with plastic surgeons all the time and get a glimpse into thier world. With my real estate business I meet a wide variety of people and have seen more diversity then I would have ever imagined.

Again it will not prop the market up, but don’t fall into the “I don’t make this amount of money trap so how can anyone support this other lifestyle or rental cost,” you kind of see what I am saying?

SD Realtor

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