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sdrealtor
ParticipantAecetia,
I am hardly an expert, just a regular guy watching the RE market from inside the game at the street level. If anything I have the benefit of being a conservative guy (former CPA) who possesses good analytical skills and lots of education in finance and economics. I dont know what will happen but both SD R and myself called it a couple months back when we said to expect attempts at heroic measures from the gubment. Nothing has surprised me and nothing will.ParticipantAecetia,
I am hardly an expert, just a regular guy watching the RE market from inside the game at the street level. If anything I have the benefit of being a conservative guy (former CPA) who possesses good analytical skills and lots of education in finance and economics. I dont know what will happen but both SD R and myself called it a couple months back when we said to expect attempts at heroic measures from the gubment. Nothing has surprised me and nothing will.ParticipantAecetia,
I am hardly an expert, just a regular guy watching the RE market from inside the game at the street level. If anything I have the benefit of being a conservative guy (former CPA) who possesses good analytical skills and lots of education in finance and economics. I dont know what will happen but both SD R and myself called it a couple months back when we said to expect attempts at heroic measures from the gubment. Nothing has surprised me and nothing will.ParticipantAecetia,
I am hardly an expert, just a regular guy watching the RE market from inside the game at the street level. If anything I have the benefit of being a conservative guy (former CPA) who possesses good analytical skills and lots of education in finance and economics. I dont know what will happen but both SD R and myself called it a couple months back when we said to expect attempts at heroic measures from the gubment. Nothing has surprised me and nothing will.ParticipantAecetia,
I am hardly an expert, just a regular guy watching the RE market from inside the game at the street level. If anything I have the benefit of being a conservative guy (former CPA) who possesses good analytical skills and lots of education in finance and economics. I dont know what will happen but both SD R and myself called it a couple months back when we said to expect attempts at heroic measures from the gubment. Nothing has surprised me and nothing will.ParticipantTo the contrary JWM, I was spot on. I called to 5 to 10% decline in my market (North County Coastal which is all I am really qualified to comment on) with a bias toward the high side and most of the decline coming between September and December. Its all there in the archives for you to verify and I said this many times.
As for sounding desparate, it is you who sounds desparate. I’m locked into a home my family loves with a mortgage 1X my annual income (most of which does not come from RE but rather very recession proof sectors). I could pay it off if I wanted to today. A crash would benefit me more than you as it would allow me to pick up the 5 to 10 prime investment properties I am hoping to accumulate over the next 15 to 20 years.
As for how bad this is, I have every idea of how serious the situation is and it is exactly for that reason that I prepared my household for this beginning in 2002.
ParticipantTo the contrary JWM, I was spot on. I called to 5 to 10% decline in my market (North County Coastal which is all I am really qualified to comment on) with a bias toward the high side and most of the decline coming between September and December. Its all there in the archives for you to verify and I said this many times.
As for sounding desparate, it is you who sounds desparate. I’m locked into a home my family loves with a mortgage 1X my annual income (most of which does not come from RE but rather very recession proof sectors). I could pay it off if I wanted to today. A crash would benefit me more than you as it would allow me to pick up the 5 to 10 prime investment properties I am hoping to accumulate over the next 15 to 20 years.
As for how bad this is, I have every idea of how serious the situation is and it is exactly for that reason that I prepared my household for this beginning in 2002.
ParticipantTo the contrary JWM, I was spot on. I called to 5 to 10% decline in my market (North County Coastal which is all I am really qualified to comment on) with a bias toward the high side and most of the decline coming between September and December. Its all there in the archives for you to verify and I said this many times.
As for sounding desparate, it is you who sounds desparate. I’m locked into a home my family loves with a mortgage 1X my annual income (most of which does not come from RE but rather very recession proof sectors). I could pay it off if I wanted to today. A crash would benefit me more than you as it would allow me to pick up the 5 to 10 prime investment properties I am hoping to accumulate over the next 15 to 20 years.
As for how bad this is, I have every idea of how serious the situation is and it is exactly for that reason that I prepared my household for this beginning in 2002.
ParticipantTo the contrary JWM, I was spot on. I called to 5 to 10% decline in my market (North County Coastal which is all I am really qualified to comment on) with a bias toward the high side and most of the decline coming between September and December. Its all there in the archives for you to verify and I said this many times.
As for sounding desparate, it is you who sounds desparate. I’m locked into a home my family loves with a mortgage 1X my annual income (most of which does not come from RE but rather very recession proof sectors). I could pay it off if I wanted to today. A crash would benefit me more than you as it would allow me to pick up the 5 to 10 prime investment properties I am hoping to accumulate over the next 15 to 20 years.
As for how bad this is, I have every idea of how serious the situation is and it is exactly for that reason that I prepared my household for this beginning in 2002.
ParticipantTo the contrary JWM, I was spot on. I called to 5 to 10% decline in my market (North County Coastal which is all I am really qualified to comment on) with a bias toward the high side and most of the decline coming between September and December. Its all there in the archives for you to verify and I said this many times.
As for sounding desparate, it is you who sounds desparate. I’m locked into a home my family loves with a mortgage 1X my annual income (most of which does not come from RE but rather very recession proof sectors). I could pay it off if I wanted to today. A crash would benefit me more than you as it would allow me to pick up the 5 to 10 prime investment properties I am hoping to accumulate over the next 15 to 20 years.
As for how bad this is, I have every idea of how serious the situation is and it is exactly for that reason that I prepared my household for this beginning in 2002.
ParticipantEnough with the 50% drop callers. Look at esmith’s January HPI which anecdotally makes sense with what I see along the coast regarding values.
His graph shows prices are about 70 to 80% above pre-bubble pricing in most parts of the county. A drop of 50% would put prices well below pre-bubble prices on a nominal basis. Factor in wage increases (which JWM and ex-SD do so often) of easily 20 to 30% in the nicer areas among professionals and a 25% decline from here looks like alot to expect.
Throw in lower interest rates and affordability is only about 30% above the pre-bubble prices adjusted for interest rates. Factor in the rise in wages and we are already pretty close. Sorry folks but I just dont see much more than 20% downside from here.
Sure you may get more than that in Da’ Hood but do you really want to live in Da’ Hood?
If you really want a nice home, get your ass off the computer, work harder, start a business and make more money. Dont expect life to hand it to you on a silver platter.
ParticipantEnough with the 50% drop callers. Look at esmith’s January HPI which anecdotally makes sense with what I see along the coast regarding values.
His graph shows prices are about 70 to 80% above pre-bubble pricing in most parts of the county. A drop of 50% would put prices well below pre-bubble prices on a nominal basis. Factor in wage increases (which JWM and ex-SD do so often) of easily 20 to 30% in the nicer areas among professionals and a 25% decline from here looks like alot to expect.
Throw in lower interest rates and affordability is only about 30% above the pre-bubble prices adjusted for interest rates. Factor in the rise in wages and we are already pretty close. Sorry folks but I just dont see much more than 20% downside from here.
Sure you may get more than that in Da’ Hood but do you really want to live in Da’ Hood?
If you really want a nice home, get your ass off the computer, work harder, start a business and make more money. Dont expect life to hand it to you on a silver platter.
ParticipantEnough with the 50% drop callers. Look at esmith’s January HPI which anecdotally makes sense with what I see along the coast regarding values.
His graph shows prices are about 70 to 80% above pre-bubble pricing in most parts of the county. A drop of 50% would put prices well below pre-bubble prices on a nominal basis. Factor in wage increases (which JWM and ex-SD do so often) of easily 20 to 30% in the nicer areas among professionals and a 25% decline from here looks like alot to expect.
Throw in lower interest rates and affordability is only about 30% above the pre-bubble prices adjusted for interest rates. Factor in the rise in wages and we are already pretty close. Sorry folks but I just dont see much more than 20% downside from here.
Sure you may get more than that in Da’ Hood but do you really want to live in Da’ Hood?
If you really want a nice home, get your ass off the computer, work harder, start a business and make more money. Dont expect life to hand it to you on a silver platter.
ParticipantEnough with the 50% drop callers. Look at esmith’s January HPI which anecdotally makes sense with what I see along the coast regarding values.
His graph shows prices are about 70 to 80% above pre-bubble pricing in most parts of the county. A drop of 50% would put prices well below pre-bubble prices on a nominal basis. Factor in wage increases (which JWM and ex-SD do so often) of easily 20 to 30% in the nicer areas among professionals and a 25% decline from here looks like alot to expect.
Throw in lower interest rates and affordability is only about 30% above the pre-bubble prices adjusted for interest rates. Factor in the rise in wages and we are already pretty close. Sorry folks but I just dont see much more than 20% downside from here.
Sure you may get more than that in Da’ Hood but do you really want to live in Da’ Hood?
If you really want a nice home, get your ass off the computer, work harder, start a business and make more money. Dont expect life to hand it to you on a silver platter.
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