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sdcellar
ParticipantI agree with you Perry. For the most part it’s relatively simple math. If you can leave the emotion out of the decision, you’ll likely be better off.
ParticipantI’ve been here a long time and I don’t think San Diego is notably different in 10 (or 20) years than many other places in the country. Specifically, what I mean is that plenty of cities in the country have changed a lot in the last decade or two as well.
Plenty of cities have revitalized downtown areas, new stadiums, more urbanization, and a perceived upswing in cultural activies (I say perceived because I believe the upswing is really the desire to participate rather than availability). I could go on and on, but I don’t think San Diego is unique in this regard (and don’t get me wrong, I love it here).
Participantor is it really just the most expensive beer bottle?
ParticipantI don’t know much about these condos, but I’ve seen other developments where it doesn’t take much more than a “um, yeah, sure we’re interested” to get them to put a little sold button or pin or whatever on a particular lot/unit, so I wouldn’t quite consider those units from over the weekend sold yet.
I can’t imagine the prices moving up. 18 units might not seem like a lot to you and me, but it is to them (okay, so it is to me too). The only other development I know of that actually sold out recently lowered prices with every release (and I imagine that’s what helped them sell out…)
ParticipantAhhh, got it. Now that I look back, I can see that’s what you’re saying. I think my problem is that I wasn’t paying attention (at all) to the market in that time period, so it these differences don’t become fully tangible for me (pretty much the opposite of your situation).
ParticipantI think the rub in all this is that you’re saying (and FSD agrees to) is that we’ve hit these 2003 prices *and* that’s where it’s going to stop. I frankly find that hard to believe right now. If it is true, then it is just a soft landing and that just seems out of whack with how much everything has run run up.
Maybe I’m missing something though? Perhaps you’re thinking the rest is just flat sales and the remaining losses will be all in terms of inflation rather than nominal prices. Even so, I would consider that pretty soft. Are you really that optimistic about 2007?
Participantsdrealtor– Thanks for trying. I hadn’t really thought about it, but I imagine 92127 was tough. Doesn’t seem like much has been selling there lately, so hard to get much in the way of quality data points.
Participantsdrealtor– Since you offered, can you provide some examples for 92127? (and if you really want to, for Santaluz?)
ParticipantSee, there you go rounding again! Well, I’d admire the confidence.
Participantand jg, why are you giving up the .0999999999999999999999999999? Seems to me like that could matter!
ParticipantJust in case someone misundertands my bet “rant” on another thread, I’m totally fine with (and fond of) this kind of wager.
(not that it matters what I think one way or another)
ParticipantI think Standard Pacific is very hungry right now. That said, I wouldn’t feed them…
ParticipantAlso, I’m not saying that no one here is qualified to invest in some of these things, just that those folks are in the minority. Just as most folks should never have fancied themselves real estate tycoons.
ParticipantThanks, but the banter is fun. But tell you what, let’s cease and desist with all this “betting” talk in general. I’m pretty sure davelj put it out there mostly as a metaphor anyway (although I’m sure he’d really take the bet!)
Most of this talk of real betting on real markets is speculation pure and simple. I didn’t think it was a great idea for the average dude with stocks. I don’t think it was great with real estate. And I don’t think it’s great in general.
Gold, futures markets, inverse indices, oil, currencies. I don’t think many of the folks here are really betting or planning to really bet anything on them (nor should they be).
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