[sdrealtor]

While I dont completely agree with esmith there is alot of truth in what he says. Prior to the funny money credit era, a move-up was typically no more than $150,000 and usually closer to $100,000. The Int only, NINJA loans allowed people to take a couple steps up and we are seeing that unwind nowadays.

Moving up $100,000 generally represents an increase in your monthly housing costs of about $1,000. That in turn requires another $30,000 to $40,000 in annual income to be an easy move. The monster jumps in homes by the majority of move-up buyers are a thing of the past IMO.

I expect this to lead to more of the moving around in a community and less Oceanside/Vista to Encinitas/Carmel Valley jumps. Most people who need a little more room will have to be content finding it around the corner. If they desire to move to a more desireable area they will have to be happy with much less house in most cases.

[sdrealtor]

I think it is possible that all areas will be sitting at the bottom around the same time but that doesnt mean they will reach that bottom at the same time.

Less desirable areas have fallen fast and hard already. They are quickly approaching a price where buy vs rent makes sense. The OP’s point was when will these areas reach a price that is within 10% of the bottom they will see. I dont believe he implied any turnaround timeframe.

[sdrealtor]

I think it is possible that all areas will be sitting at the bottom around the same time but that doesnt mean they will reach that bottom at the same time.

Less desirable areas have fallen fast and hard already. They are quickly approaching a price where buy vs rent makes sense. The OP’s point was when will these areas reach a price that is within 10% of the bottom they will see. I dont believe he implied any turnaround timeframe.

[sdrealtor]

I think it is possible that all areas will be sitting at the bottom around the same time but that doesnt mean they will reach that bottom at the same time.

Less desirable areas have fallen fast and hard already. They are quickly approaching a price where buy vs rent makes sense. The OP’s point was when will these areas reach a price that is within 10% of the bottom they will see. I dont believe he implied any turnaround timeframe.

[sdrealtor]

I think it is possible that all areas will be sitting at the bottom around the same time but that doesnt mean they will reach that bottom at the same time.

Less desirable areas have fallen fast and hard already. They are quickly approaching a price where buy vs rent makes sense. The OP’s point was when will these areas reach a price that is within 10% of the bottom they will see. I dont believe he implied any turnaround timeframe.

[sdrealtor]

I think it is possible that all areas will be sitting at the bottom around the same time but that doesnt mean they will reach that bottom at the same time.

Less desirable areas have fallen fast and hard already. They are quickly approaching a price where buy vs rent makes sense. The OP’s point was when will these areas reach a price that is within 10% of the bottom they will see. I dont believe he implied any turnaround timeframe.

[sdrealtor]

looks pretty reasonable but I’d put Escondido with CV in Q2 09 and drop San marcos/Vista into escondido’s spot.

[sdrealtor]

looks pretty reasonable but I’d put Escondido with CV in Q2 09 and drop San marcos/Vista into escondido’s spot.

[sdrealtor]

looks pretty reasonable but I’d put Escondido with CV in Q2 09 and drop San marcos/Vista into escondido’s spot.

[sdrealtor]

looks pretty reasonable but I’d put Escondido with CV in Q2 09 and drop San marcos/Vista into escondido’s spot.

[sdrealtor]

looks pretty reasonable but I’d put Escondido with CV in Q2 09 and drop San marcos/Vista into escondido’s spot.

[sdrealtor]

Ozzie,
Dont try to compare your house or any others to the one at the end of your street. That was a unique situation and one of less than 5 in LCV that could garner that type of attention. When the house 3 doors down sells you will see the market has not been flat for 3.5 years. Why dont you compare the current value of any of the other homes you sold there in the last couple years with what they could go for today?

sdr

[sdrealtor]

Ozzie,
Dont try to compare your house or any others to the one at the end of your street. That was a unique situation and one of less than 5 in LCV that could garner that type of attention. When the house 3 doors down sells you will see the market has not been flat for 3.5 years. Why dont you compare the current value of any of the other homes you sold there in the last couple years with what they could go for today?

sdr

[sdrealtor]

Ozzie,
Dont try to compare your house or any others to the one at the end of your street. That was a unique situation and one of less than 5 in LCV that could garner that type of attention. When the house 3 doors down sells you will see the market has not been flat for 3.5 years. Why dont you compare the current value of any of the other homes you sold there in the last couple years with what they could go for today?

sdr

[sdrealtor]

Ozzie,
Dont try to compare your house or any others to the one at the end of your street. That was a unique situation and one of less than 5 in LCV that could garner that type of attention. When the house 3 doors down sells you will see the market has not been flat for 3.5 years. Why dont you compare the current value of any of the other homes you sold there in the last couple years with what they could go for today?

sdr

[Author]

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