[sdchris]

[quote=SanDiegoDave]Inflation will hit long before a year 2013 bottom is reached. In terms of adjusting for inflation, it “may” be accurate. But in real dollars, we’ll hit bottom by mid-2010.[/quote]

I agree with this. At some point we’re not going to see a decline in home prices. They’ll probably remain stagnant for years allowing inflation to catch up.

[sdchris]

[quote=SanDiegoDave]Inflation will hit long before a year 2013 bottom is reached. In terms of adjusting for inflation, it “may” be accurate. But in real dollars, we’ll hit bottom by mid-2010.[/quote]

I agree with this. At some point we’re not going to see a decline in home prices. They’ll probably remain stagnant for years allowing inflation to catch up.

[sdchris]

[quote=SanDiegoDave]Inflation will hit long before a year 2013 bottom is reached. In terms of adjusting for inflation, it “may” be accurate. But in real dollars, we’ll hit bottom by mid-2010.[/quote]

I agree with this. At some point we’re not going to see a decline in home prices. They’ll probably remain stagnant for years allowing inflation to catch up.

[sdchris]

[quote=SanDiegoDave]Inflation will hit long before a year 2013 bottom is reached. In terms of adjusting for inflation, it “may” be accurate. But in real dollars, we’ll hit bottom by mid-2010.[/quote]

I agree with this. At some point we’re not going to see a decline in home prices. They’ll probably remain stagnant for years allowing inflation to catch up.

[sdchris]

[quote=SanDiegoDave]Inflation will hit long before a year 2013 bottom is reached. In terms of adjusting for inflation, it “may” be accurate. But in real dollars, we’ll hit bottom by mid-2010.[/quote]

I agree with this. At some point we’re not going to see a decline in home prices. They’ll probably remain stagnant for years allowing inflation to catch up.

[sdchris]

[quote=AK]I’ll settle for a deal on something that is neither structurally unsound nor a long-term health hazard. But even that won’t be easy to find 🙂
[/quote]

Well put, AK.

[sdchris]

[quote=AK]I’ll settle for a deal on something that is neither structurally unsound nor a long-term health hazard. But even that won’t be easy to find 🙂
[/quote]

Well put, AK.

[sdchris]

[quote=AK]I’ll settle for a deal on something that is neither structurally unsound nor a long-term health hazard. But even that won’t be easy to find 🙂
[/quote]

Well put, AK.

[sdchris]

[quote=AK]I’ll settle for a deal on something that is neither structurally unsound nor a long-term health hazard. But even that won’t be easy to find 🙂
[/quote]

Well put, AK.

[sdchris]

[quote=AK]I’ll settle for a deal on something that is neither structurally unsound nor a long-term health hazard. But even that won’t be easy to find 🙂
[/quote]

Well put, AK.

[sdchris]

[quote=FormerSanDiegan]I believe that we are close to the bottom as measured by SFR median price in San Diego.

Part of the reason is technical (the sales mix is skewed to the low end and will skew upward as higher priced markets tank and become more affordable).

The other part is fundamental : Affordability ratio for starter areas is favorable.

[/quote]

I’m not sure why everyone loves to say we are close to the bottom. The eyes are deceiving, fellow poster. Sometimes they see ghosts, jesus in a pancake, and bottoms and tops.

I can’t stress this enough: The housing market is not liquid! You cannot be in today and out tomorrow for a quick buck. You’re better off sticking your money into FDIC insured accounts until the Fed starts jacking up interest rates.

[sdchris]

[quote=FormerSanDiegan]I believe that we are close to the bottom as measured by SFR median price in San Diego.

Part of the reason is technical (the sales mix is skewed to the low end and will skew upward as higher priced markets tank and become more affordable).

The other part is fundamental : Affordability ratio for starter areas is favorable.

[/quote]

I’m not sure why everyone loves to say we are close to the bottom. The eyes are deceiving, fellow poster. Sometimes they see ghosts, jesus in a pancake, and bottoms and tops.

I can’t stress this enough: The housing market is not liquid! You cannot be in today and out tomorrow for a quick buck. You’re better off sticking your money into FDIC insured accounts until the Fed starts jacking up interest rates.

[sdchris]

[quote=FormerSanDiegan]I believe that we are close to the bottom as measured by SFR median price in San Diego.

Part of the reason is technical (the sales mix is skewed to the low end and will skew upward as higher priced markets tank and become more affordable).

The other part is fundamental : Affordability ratio for starter areas is favorable.

[/quote]

I’m not sure why everyone loves to say we are close to the bottom. The eyes are deceiving, fellow poster. Sometimes they see ghosts, jesus in a pancake, and bottoms and tops.

I can’t stress this enough: The housing market is not liquid! You cannot be in today and out tomorrow for a quick buck. You’re better off sticking your money into FDIC insured accounts until the Fed starts jacking up interest rates.

[sdchris]

[quote=FormerSanDiegan]I believe that we are close to the bottom as measured by SFR median price in San Diego.

Part of the reason is technical (the sales mix is skewed to the low end and will skew upward as higher priced markets tank and become more affordable).

The other part is fundamental : Affordability ratio for starter areas is favorable.

[/quote]

I’m not sure why everyone loves to say we are close to the bottom. The eyes are deceiving, fellow poster. Sometimes they see ghosts, jesus in a pancake, and bottoms and tops.

I can’t stress this enough: The housing market is not liquid! You cannot be in today and out tomorrow for a quick buck. You’re better off sticking your money into FDIC insured accounts until the Fed starts jacking up interest rates.

[sdchris]

[quote=FormerSanDiegan]I believe that we are close to the bottom as measured by SFR median price in San Diego.

Part of the reason is technical (the sales mix is skewed to the low end and will skew upward as higher priced markets tank and become more affordable).

The other part is fundamental : Affordability ratio for starter areas is favorable.

[/quote]

I’m not sure why everyone loves to say we are close to the bottom. The eyes are deceiving, fellow poster. Sometimes they see ghosts, jesus in a pancake, and bottoms and tops.

I can’t stress this enough: The housing market is not liquid! You cannot be in today and out tomorrow for a quick buck. You’re better off sticking your money into FDIC insured accounts until the Fed starts jacking up interest rates.

[Author]

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