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La jolla prices seem to continue to rise. I don’t see any decline yet. Has anyone else? There are some exceptions, like the foreclosure discussed on an earlier thread. I’ve also noticed that real estate up for sale in La Jolla and Rancho Santa Fe have price tags that are way above the Zillow zestimates (not that Zillow is all that accurate). Other San Diego areas seem to have a closer asking price and zillow price comparison.

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sdr – what year were those La Jolla comps for? It would be fun to adjust those prices to take into account inflation.

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Rustico, Slackerboy, et al,

My parents and some other family members immigrated to US in the 50s. From them I learned exactly what you are saying. My aunt and uncle lived in LA area and worked as gardener and house cleaner. They bought at swap meets and resold at garage sales. They saved every penny they had. They paid cash for their homes. They saved hundreds of thousands of dollars by living simply. Others thought they were poor, but they could care less.

Luchabee and others – I have several babyboomer friends in SD that mentioned this past year they would be retiring. Guess what’s funding the retirement? You got it, primarily their SD house. I very carefully tried to convey that betting their retirement future on the selling of a primary residence in a declining market, might not be a safe bet. Deaf ears.

My guess is that there are more boomers in this boat who might not be retiring as early as they thought, say back in 2004 at the peak.

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smfj and cow_tipping, maybe you should start your own Charlotte NC branch of Piggington. Sounds like the area could use some RE bubble enlightenment.

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Uh, HereWeGo, you are giving her way too much credit. I doubt, very much, that was an intentional, logical, move on her part to get more to her site. From her history here, it was more of the “I’m right, and anyone who dares to disagree with me, is wrong.” philosophy.

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PowaySeller – You are so backpedaling here.

You say your beef is with the content of Rich’s report. That’s fine. Present your case, just like you did now, (just leave out the nastygram to Brooke). Feel free to respond here or at the Voice. No one would have a major issue with that. You could even promote your site by including your links. No prob.

But that’s not what you did. You tactlessly and tastelessly attacked Rich; and I quote: “The poor analysis by Rich Toscano on the housing market has got to stop.”

The right thing for you to do at this point is to publicly apologize. Think about it.

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I checked out her website a few days ago and saw the link on the home page re. why I left piggington. I checked it today, and she removed the link from her home page. Good idea on her part.

Yeah, MANmom, I totally agree with you. That was so funny it was awesome. If I had to rate piggingtonians on a scary whacko meter, powayseller would rank quite a bit higher than sdrealtor.

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This is an interesting read. Thanks for posting it asragov.

San Diego is overvalued by 29.6%, yet the report ranks it as being “moderately overvalued”. San Francisco is overvalued by 29.7%, but it is considered “overvalued”.

San Diego has a coef. value of only 0.512 and a t-Stat of 4.6. That surprises me a little. Maybe this is related to factors like relatively lower incomes and high traffic volumes? Don’t know. San Jose has a coeff of 2.196 and a t-stat of 31.9. Personally, I think San Diego is much more liveable than San Jose.

Tongue in cheek comment related to powayseller thread: On second thought, this report reeks of data and statistical analysis. The author should have included real life subjective data points, like realtor interviews, to make it more factual.

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Thank you Artifact. I like that trend.

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SD Realtor, interesting point about Hilary. I tend to view issues, such as bailout, in terms of who would profit the most. If the real estate market continues to decay, where will we be the summer before the next presidential cycle? Who will be the presidential candidates? How will these individuals gain from the real estate debacle? Perhaps these questions will clue us into the future of San Diego real estate.

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Juice – good for you! Take control of your life. Here’s a plug for Ann Arbor. I currently live in Ann Arbor. While I do miss the beaches and the weather that San Diego has to offer, Ann Arbor is a great place to raise a family. FWIW, it was ranked as the most educated city in the country. The schools are great. The college town atmosphere creates a vibrant culture. As someone already posted, Pfizer is shutting down its Ann Arbor facility. Pfizer employees will be relocating this summer so I expect housing here to decline this summer. The university offers world class education in many fields. Because of the poor economy, the state of Michigan is offering incentives for start-ups such as tax breaks. Wherever you go – best of luck.

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Kewp – you took the words right out of my mouth. I’m glad to see a tightening on loan standards. I hope this sets the tone for the current crisis as opposed to a massive bail-out of the banks as in days of S&L. The near future should be very interesting.

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Seems like small peanuts, considering. Worth losing your life for?

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Is there a good school in socal that I can attend or a good online school?

If you’re in San Diego, UCSD has a great Computer Science program. If you already have a BS and are going to pursue a Master’s, SDSU’s graduate program has lots of evening classes, making it easier to do while maintaining a day job. In LA, USC and UCLA both have excellent programs.

Why is the 9 moth cert program not going to work?

If you’re looking for a solid career path, you need a good foundation. Most software development companies will not hire programmers without a BS. Like any engineering discipline, you need a solid base. It’s not easy, but if you’re willing to stick to it and work hard it is rewarding.

Good luck!

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Here’s an interesting one. It’s in Carmel Valley. MLS #076007878. It was for sale in 2006 for:

12/05/06 — $2,300,000 to $2,200,000
01/15/07 — $2,200,000 to $2,150,000

It then went inactive. Accoring to Zillow, there was a sales transaction for $1M. It then went back on the market as MLS #076007878. Oh, gosh, that’s the same number. Now it is on sale for $1,900,000. What is up with this?

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