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February 23, 2008 at 11:19 PM in reply to: Are you looking to get in on the ground floor? Think again. #159132February 23, 2008 at 11:16 PM in reply to: Temperature Check for 2008 – Now how low do you think it will go? #158742
sdrealtor
ParticipantI’m still thinking about 30% off peak in my submarket which is the only area I feel truly qualified to comment on. For those wondering, that puts a 4BR/3BA 2600 sq ft home built in 1999 or later in the La Costa/Encinitas area in the mid to low 600’s at the bottom. If it goes lower I will admit defeat.
Russ, Hats off to you for calling the Big Chunk which has certainly hit the outlying areas which I dont follow so closely. I look at places like Esconodido and Chulajuana and see 20% plus declines since August. Right on Bro!!
February 23, 2008 at 11:16 PM in reply to: Temperature Check for 2008 – Now how low do you think it will go? #159034ParticipantI’m still thinking about 30% off peak in my submarket which is the only area I feel truly qualified to comment on. For those wondering, that puts a 4BR/3BA 2600 sq ft home built in 1999 or later in the La Costa/Encinitas area in the mid to low 600’s at the bottom. If it goes lower I will admit defeat.
Russ, Hats off to you for calling the Big Chunk which has certainly hit the outlying areas which I dont follow so closely. I look at places like Esconodido and Chulajuana and see 20% plus declines since August. Right on Bro!!
February 23, 2008 at 11:16 PM in reply to: Temperature Check for 2008 – Now how low do you think it will go? #159046ParticipantI’m still thinking about 30% off peak in my submarket which is the only area I feel truly qualified to comment on. For those wondering, that puts a 4BR/3BA 2600 sq ft home built in 1999 or later in the La Costa/Encinitas area in the mid to low 600’s at the bottom. If it goes lower I will admit defeat.
Russ, Hats off to you for calling the Big Chunk which has certainly hit the outlying areas which I dont follow so closely. I look at places like Esconodido and Chulajuana and see 20% plus declines since August. Right on Bro!!
February 23, 2008 at 11:16 PM in reply to: Temperature Check for 2008 – Now how low do you think it will go? #159054ParticipantI’m still thinking about 30% off peak in my submarket which is the only area I feel truly qualified to comment on. For those wondering, that puts a 4BR/3BA 2600 sq ft home built in 1999 or later in the La Costa/Encinitas area in the mid to low 600’s at the bottom. If it goes lower I will admit defeat.
Russ, Hats off to you for calling the Big Chunk which has certainly hit the outlying areas which I dont follow so closely. I look at places like Esconodido and Chulajuana and see 20% plus declines since August. Right on Bro!!
February 23, 2008 at 11:16 PM in reply to: Temperature Check for 2008 – Now how low do you think it will go? #159127ParticipantI’m still thinking about 30% off peak in my submarket which is the only area I feel truly qualified to comment on. For those wondering, that puts a 4BR/3BA 2600 sq ft home built in 1999 or later in the La Costa/Encinitas area in the mid to low 600’s at the bottom. If it goes lower I will admit defeat.
Russ, Hats off to you for calling the Big Chunk which has certainly hit the outlying areas which I dont follow so closely. I look at places like Esconodido and Chulajuana and see 20% plus declines since August. Right on Bro!!
February 23, 2008 at 5:40 PM in reply to: Are you looking to get in on the ground floor? Think again. #158548ParticipantOzzie
A few months ago you were the ultimate La Costa Valley bull. You said it would NEVER happen there. Now you are planning your flight. Sorry bud but that train already left the station. You sound awful hypocritical to me today.sdr
February 23, 2008 at 5:40 PM in reply to: Are you looking to get in on the ground floor? Think again. #158838ParticipantOzzie
A few months ago you were the ultimate La Costa Valley bull. You said it would NEVER happen there. Now you are planning your flight. Sorry bud but that train already left the station. You sound awful hypocritical to me today.sdr
February 23, 2008 at 5:40 PM in reply to: Are you looking to get in on the ground floor? Think again. #158849ParticipantOzzie
A few months ago you were the ultimate La Costa Valley bull. You said it would NEVER happen there. Now you are planning your flight. Sorry bud but that train already left the station. You sound awful hypocritical to me today.sdr
February 23, 2008 at 5:40 PM in reply to: Are you looking to get in on the ground floor? Think again. #158860ParticipantOzzie
A few months ago you were the ultimate La Costa Valley bull. You said it would NEVER happen there. Now you are planning your flight. Sorry bud but that train already left the station. You sound awful hypocritical to me today.sdr
February 23, 2008 at 5:40 PM in reply to: Are you looking to get in on the ground floor? Think again. #158931ParticipantOzzie
A few months ago you were the ultimate La Costa Valley bull. You said it would NEVER happen there. Now you are planning your flight. Sorry bud but that train already left the station. You sound awful hypocritical to me today.sdr
ParticipantI’m not sure but my impression was that this is shotty reporting. I believe the true statisitic is 1 in 10 mortgages is underwater not 1 in 10 households. So we can pull out all the homes across the US owned free and clear of which there are many albeit not so many around here. I also wonder whether they are considering a 1st trust deed and a 2nd or 3rd loan as separate loans. Thus the first can be ok while the 2nd is underwater increasing the % of loans underwater. I also wonder whether they are assuming that all HELOC’s are at there credit limits which is far from true nationally. I’d love to see someone get to the bottom of the study behind this statitics to suss out what the real situation is.
ParticipantI’m not sure but my impression was that this is shotty reporting. I believe the true statisitic is 1 in 10 mortgages is underwater not 1 in 10 households. So we can pull out all the homes across the US owned free and clear of which there are many albeit not so many around here. I also wonder whether they are considering a 1st trust deed and a 2nd or 3rd loan as separate loans. Thus the first can be ok while the 2nd is underwater increasing the % of loans underwater. I also wonder whether they are assuming that all HELOC’s are at there credit limits which is far from true nationally. I’d love to see someone get to the bottom of the study behind this statitics to suss out what the real situation is.
ParticipantI’m not sure but my impression was that this is shotty reporting. I believe the true statisitic is 1 in 10 mortgages is underwater not 1 in 10 households. So we can pull out all the homes across the US owned free and clear of which there are many albeit not so many around here. I also wonder whether they are considering a 1st trust deed and a 2nd or 3rd loan as separate loans. Thus the first can be ok while the 2nd is underwater increasing the % of loans underwater. I also wonder whether they are assuming that all HELOC’s are at there credit limits which is far from true nationally. I’d love to see someone get to the bottom of the study behind this statitics to suss out what the real situation is.
ParticipantI’m not sure but my impression was that this is shotty reporting. I believe the true statisitic is 1 in 10 mortgages is underwater not 1 in 10 households. So we can pull out all the homes across the US owned free and clear of which there are many albeit not so many around here. I also wonder whether they are considering a 1st trust deed and a 2nd or 3rd loan as separate loans. Thus the first can be ok while the 2nd is underwater increasing the % of loans underwater. I also wonder whether they are assuming that all HELOC’s are at there credit limits which is far from true nationally. I’d love to see someone get to the bottom of the study behind this statitics to suss out what the real situation is.
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