Forum Replies Created
-
AuthorPosts
-
SD Realtor
ParticipantSounds like we are all pretty much in agreement about Coronado. As I said, or I think I said, I did recently push through a pretty thorough comp search for someone who lives there and prices have indeed come down. Still even with that decrease pricing is still crazy and like each poster here has mentioned “most” residents of the island can hang on and sit it out… Lots of foolish pride as well ya know? Still I do think in the end, while the percentage decline of pricing from the high point will be non trivial.
David, while you may not have a grasp of how many purchases were made that were speculation driven, I don’t think that matters. The big unknown that we will all face in the 2010 timeframe will be how much into the A paper loan resets have we eaten into. The thing I have been struggling with lately is will we be able to chew through the big second wave that is not discussed to much, (with the exception of this site) of course.
At any rate, keep a keen eye on the volume and rate of sales on the island and you should be able to identify when it at least flattens out or alot of the risk is wrung out of the market there.
ParticipantSounds like we are all pretty much in agreement about Coronado. As I said, or I think I said, I did recently push through a pretty thorough comp search for someone who lives there and prices have indeed come down. Still even with that decrease pricing is still crazy and like each poster here has mentioned “most” residents of the island can hang on and sit it out… Lots of foolish pride as well ya know? Still I do think in the end, while the percentage decline of pricing from the high point will be non trivial.
David, while you may not have a grasp of how many purchases were made that were speculation driven, I don’t think that matters. The big unknown that we will all face in the 2010 timeframe will be how much into the A paper loan resets have we eaten into. The thing I have been struggling with lately is will we be able to chew through the big second wave that is not discussed to much, (with the exception of this site) of course.
At any rate, keep a keen eye on the volume and rate of sales on the island and you should be able to identify when it at least flattens out or alot of the risk is wrung out of the market there.
ParticipantBane –
I will say the same thing to you that I say to anyone and everyone locating or relocating to San Diego, that is, come and rent. If you like, rent in Mira Mesa for 6 months, that would give you a great way to learn about the area. Have you picked up an engineering job in the Sorrento Valley? Just a wild guess… anyways there are a couple of regulars who post here that live in Mira Mesa or have lived in Mira Mesa, Asianautica and Nostradamus, both good posters. I find that most of the negative postings about Mira Mesa comes from people who do not live there. I am not saying they are right or wrong but I have also lived in Mira Mesa, I rented for about 15 months from late 05 to early 07 and I had no problems there. I am not so sure it is fair to project my taste on others. Would I like Solana Beach? Yeah… do I have to settle for Scripps? Most likely yeah… Anyways again, I would urge you to try renting for a little while. What could it hurt? It is not like the housing market will run away on you or anything.
SD Realtor
ParticipantBane –
I will say the same thing to you that I say to anyone and everyone locating or relocating to San Diego, that is, come and rent. If you like, rent in Mira Mesa for 6 months, that would give you a great way to learn about the area. Have you picked up an engineering job in the Sorrento Valley? Just a wild guess… anyways there are a couple of regulars who post here that live in Mira Mesa or have lived in Mira Mesa, Asianautica and Nostradamus, both good posters. I find that most of the negative postings about Mira Mesa comes from people who do not live there. I am not saying they are right or wrong but I have also lived in Mira Mesa, I rented for about 15 months from late 05 to early 07 and I had no problems there. I am not so sure it is fair to project my taste on others. Would I like Solana Beach? Yeah… do I have to settle for Scripps? Most likely yeah… Anyways again, I would urge you to try renting for a little while. What could it hurt? It is not like the housing market will run away on you or anything.
SD Realtor
ParticipantBane –
I will say the same thing to you that I say to anyone and everyone locating or relocating to San Diego, that is, come and rent. If you like, rent in Mira Mesa for 6 months, that would give you a great way to learn about the area. Have you picked up an engineering job in the Sorrento Valley? Just a wild guess… anyways there are a couple of regulars who post here that live in Mira Mesa or have lived in Mira Mesa, Asianautica and Nostradamus, both good posters. I find that most of the negative postings about Mira Mesa comes from people who do not live there. I am not saying they are right or wrong but I have also lived in Mira Mesa, I rented for about 15 months from late 05 to early 07 and I had no problems there. I am not so sure it is fair to project my taste on others. Would I like Solana Beach? Yeah… do I have to settle for Scripps? Most likely yeah… Anyways again, I would urge you to try renting for a little while. What could it hurt? It is not like the housing market will run away on you or anything.
SD Realtor
ParticipantBane –
I will say the same thing to you that I say to anyone and everyone locating or relocating to San Diego, that is, come and rent. If you like, rent in Mira Mesa for 6 months, that would give you a great way to learn about the area. Have you picked up an engineering job in the Sorrento Valley? Just a wild guess… anyways there are a couple of regulars who post here that live in Mira Mesa or have lived in Mira Mesa, Asianautica and Nostradamus, both good posters. I find that most of the negative postings about Mira Mesa comes from people who do not live there. I am not saying they are right or wrong but I have also lived in Mira Mesa, I rented for about 15 months from late 05 to early 07 and I had no problems there. I am not so sure it is fair to project my taste on others. Would I like Solana Beach? Yeah… do I have to settle for Scripps? Most likely yeah… Anyways again, I would urge you to try renting for a little while. What could it hurt? It is not like the housing market will run away on you or anything.
SD Realtor
ParticipantBane –
I will say the same thing to you that I say to anyone and everyone locating or relocating to San Diego, that is, come and rent. If you like, rent in Mira Mesa for 6 months, that would give you a great way to learn about the area. Have you picked up an engineering job in the Sorrento Valley? Just a wild guess… anyways there are a couple of regulars who post here that live in Mira Mesa or have lived in Mira Mesa, Asianautica and Nostradamus, both good posters. I find that most of the negative postings about Mira Mesa comes from people who do not live there. I am not saying they are right or wrong but I have also lived in Mira Mesa, I rented for about 15 months from late 05 to early 07 and I had no problems there. I am not so sure it is fair to project my taste on others. Would I like Solana Beach? Yeah… do I have to settle for Scripps? Most likely yeah… Anyways again, I would urge you to try renting for a little while. What could it hurt? It is not like the housing market will run away on you or anything.
SD Realtor
ParticipantI pretty much share your assessment. It just bums me out for alot of reasons. I agree that this will not stop the cycle but it may indeed slow things down and it may provide an artificially induced floor. As someone who has been working hard to save alot of money this irritates me. Oh yeah and watching my tax money get split up between bailout wall street lenders, and FBS, well that is just a cherry on top of the sundae.
SD Realtor
ParticipantI pretty much share your assessment. It just bums me out for alot of reasons. I agree that this will not stop the cycle but it may indeed slow things down and it may provide an artificially induced floor. As someone who has been working hard to save alot of money this irritates me. Oh yeah and watching my tax money get split up between bailout wall street lenders, and FBS, well that is just a cherry on top of the sundae.
SD Realtor
ParticipantI pretty much share your assessment. It just bums me out for alot of reasons. I agree that this will not stop the cycle but it may indeed slow things down and it may provide an artificially induced floor. As someone who has been working hard to save alot of money this irritates me. Oh yeah and watching my tax money get split up between bailout wall street lenders, and FBS, well that is just a cherry on top of the sundae.
SD Realtor
ParticipantI pretty much share your assessment. It just bums me out for alot of reasons. I agree that this will not stop the cycle but it may indeed slow things down and it may provide an artificially induced floor. As someone who has been working hard to save alot of money this irritates me. Oh yeah and watching my tax money get split up between bailout wall street lenders, and FBS, well that is just a cherry on top of the sundae.
SD Realtor
ParticipantI pretty much share your assessment. It just bums me out for alot of reasons. I agree that this will not stop the cycle but it may indeed slow things down and it may provide an artificially induced floor. As someone who has been working hard to save alot of money this irritates me. Oh yeah and watching my tax money get split up between bailout wall street lenders, and FBS, well that is just a cherry on top of the sundae.
SD Realtor
ParticipantTax lien sales are usually when you will need to be concerned with right of redemption. Rus correct me if I am wrong but is it 1 year from the sale in CA?
SD Realtor
ParticipantTax lien sales are usually when you will need to be concerned with right of redemption. Rus correct me if I am wrong but is it 1 year from the sale in CA?
SD Realtor
-
AuthorPosts
