[sdrealtor]

Let’s not call it anything WFB, lets look at the facts.

That was the new price and doesnt include throwing in landscaping, appliances, window treatments etc. That brings the price to 350K in 1997 not 2002. New houses also typically go into escrow 6 months or more before closing (at least they used to) so it is essentially a 1996/1997 price which was the bottom of last cycle. That certainly is not 2002.

In 2002, the lowest sale was $585,000 on Bluepoint. There was a model match on Tea Tree for 595,000. The ocean view homes were going in the high 600’s.

I wont say that it wont get to 650,000 which is about as low as I could imagine but if it does you wont be the only one trying to buy it.

[sdrealtor]

Let’s not call it anything WFB, lets look at the facts.

That was the new price and doesnt include throwing in landscaping, appliances, window treatments etc. That brings the price to 350K in 1997 not 2002. New houses also typically go into escrow 6 months or more before closing (at least they used to) so it is essentially a 1996/1997 price which was the bottom of last cycle. That certainly is not 2002.

In 2002, the lowest sale was $585,000 on Bluepoint. There was a model match on Tea Tree for 595,000. The ocean view homes were going in the high 600’s.

I wont say that it wont get to 650,000 which is about as low as I could imagine but if it does you wont be the only one trying to buy it.

[sdrealtor]

Let’s not call it anything WFB, lets look at the facts.

That was the new price and doesnt include throwing in landscaping, appliances, window treatments etc. That brings the price to 350K in 1997 not 2002. New houses also typically go into escrow 6 months or more before closing (at least they used to) so it is essentially a 1996/1997 price which was the bottom of last cycle. That certainly is not 2002.

In 2002, the lowest sale was $585,000 on Bluepoint. There was a model match on Tea Tree for 595,000. The ocean view homes were going in the high 600’s.

I wont say that it wont get to 650,000 which is about as low as I could imagine but if it does you wont be the only one trying to buy it.

[sdrealtor]

Let’s not call it anything WFB, lets look at the facts.

That was the new price and doesnt include throwing in landscaping, appliances, window treatments etc. That brings the price to 350K in 1997 not 2002. New houses also typically go into escrow 6 months or more before closing (at least they used to) so it is essentially a 1996/1997 price which was the bottom of last cycle. That certainly is not 2002.

In 2002, the lowest sale was $585,000 on Bluepoint. There was a model match on Tea Tree for 595,000. The ocean view homes were going in the high 600’s.

I wont say that it wont get to 650,000 which is about as low as I could imagine but if it does you wont be the only one trying to buy it.

[sdrealtor]

Let’s not call it anything WFB, lets look at the facts.

That was the new price and doesnt include throwing in landscaping, appliances, window treatments etc. That brings the price to 350K in 1997 not 2002. New houses also typically go into escrow 6 months or more before closing (at least they used to) so it is essentially a 1996/1997 price which was the bottom of last cycle. That certainly is not 2002.

In 2002, the lowest sale was $585,000 on Bluepoint. There was a model match on Tea Tree for 595,000. The ocean view homes were going in the high 600’s.

I wont say that it wont get to 650,000 which is about as low as I could imagine but if it does you wont be the only one trying to buy it.

[sdrealtor]

sdnativeson,

Re: “the median income household does not generally purchase the median priced home” I assume you are speaking to current market times here?

I was speaking to all market times based on simple statistics. 50 to 60% of the households own their homes in this country. Homeowners skew heavily toward higher incomes. Those two dont line up. You can essential generalize that the upper 50% of households buy homes and the median income of homebuyers should be alot closer to the 75th %tile than the 50th.

[sdrealtor]

sdnativeson,

Re: “the median income household does not generally purchase the median priced home” I assume you are speaking to current market times here?

I was speaking to all market times based on simple statistics. 50 to 60% of the households own their homes in this country. Homeowners skew heavily toward higher incomes. Those two dont line up. You can essential generalize that the upper 50% of households buy homes and the median income of homebuyers should be alot closer to the 75th %tile than the 50th.

[sdrealtor]

sdnativeson,

Re: “the median income household does not generally purchase the median priced home” I assume you are speaking to current market times here?

I was speaking to all market times based on simple statistics. 50 to 60% of the households own their homes in this country. Homeowners skew heavily toward higher incomes. Those two dont line up. You can essential generalize that the upper 50% of households buy homes and the median income of homebuyers should be alot closer to the 75th %tile than the 50th.

[sdrealtor]

sdnativeson,

Re: “the median income household does not generally purchase the median priced home” I assume you are speaking to current market times here?

I was speaking to all market times based on simple statistics. 50 to 60% of the households own their homes in this country. Homeowners skew heavily toward higher incomes. Those two dont line up. You can essential generalize that the upper 50% of households buy homes and the median income of homebuyers should be alot closer to the 75th %tile than the 50th.

[sdrealtor]

sdnativeson,

Re: “the median income household does not generally purchase the median priced home” I assume you are speaking to current market times here?

I was speaking to all market times based on simple statistics. 50 to 60% of the households own their homes in this country. Homeowners skew heavily toward higher incomes. Those two dont line up. You can essential generalize that the upper 50% of households buy homes and the median income of homebuyers should be alot closer to the 75th %tile than the 50th.

[sdrealtor]

Frankly I’m surprised they haven’t already…

[sdrealtor]

Frankly I’m surprised they haven’t already…

[sdrealtor]

Frankly I’m surprised they haven’t already…

[sdrealtor]

Frankly I’m surprised they haven’t already…

[sdrealtor]

Frankly I’m surprised they haven’t already…

[Author]

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