[sdrealtor]

Daisy
Its good data but two comments. First, RE is a slow moving ship and weekly reports are more than adequate. Second, presentation is everything and a graphical approach would be much better. If that is beyond your technical abilities (it is past mine!) a narrative comparing to the prior week would be great.

[sdrealtor]

Absolutely, postively the best bubble blog on the net!

Cheers to you Rich!

SDR

P.S. I’ve discovered the next bubble and its a Housing Bubble Blog Blubble! They are popping up all over the place now and have definitely missed the window of opportunity to build a vital audience such as the one you have.

[sdrealtor]

Two words….Social Darwinism

[sdrealtor]

Only if the loan balance is $849,000.01 or more.

[sdrealtor]

FYI: I was not commenting on the desirability issue which speaks for itself.

Explanation:

Say Detroit and people think one thing and one thing only regaring industry: AUTO INDUSTRY

Say San Diego and people think many things including: Defense, Biotech, Telecom, Tourism, Sporting Goods/SoCal Lifestyle products and eventually Real Estate.

Detroit lives and dies with the US Auto industry. SD does not live and die over any single industry.

[sdrealtor]

MLS separates into detached and attached homes. Some detached homes are actually condos and some attached homes are actually not condos. Condo describes ownership of the land/structure not the type of dwelling. Condo owners share an undivided interest with others.

[sdrealtor]

sdc,
We all have alot to learn! My favorite thing about RE is that everyday is different and an opportunity to learn something new. I try to contribute as best as I can and to have some fun along the way. Hopefully no one left around here takes my occasional jabs too personally.
SDR

[sdrealtor]

LOL, comparing Detroit’s auto industry to our local RE complex is assinine!

[sdrealtor]

CB,
There is some but not alot. Mostly condos with 100% financing.
SDR

[sdrealtor]

Thanx CMB,
I always try include a bit of commentary on my home market which covers 92024,92009 and 92011. Since a few other locals have expressed interest, I’ll ry to beef that portion up just a notch.
SDR

[sdrealtor]

CB
Elfin Forest is basically the same climate as San Elijo Hills which is right next to it. Take your boys for a hike up to the Olivenhain Resevoir some weekend. they’ll love it. It’s about 1.5 miles uphill. You wont believe something like that exists so close to the congestion of where we live.

SDR

[sdrealtor]

Good observation! We’ll have to see what happens.

[sdrealtor]

LARenter,
Most of the agents I speak with have been doing this a very long time and have given up trying to predict the market. they deal with what is in front of them. I guess that makes the sample of agents I speak with biased as its probably the Top 20% of agents. They along with me are dealing with mostly quality buyers or listings that attract quality buyers. Many of these people dont view housing as something to time beyond timing for their persoanl needs. They have equity from current/prior homes, cash reserves and good incomes. I’m sure there will be some fall out due to the subprime mess but I guess we dont see all that much of it in these parts of SD.

SDR

[sdrealtor]

JJ,
That is my backyard and I am seeing exactly what you are. inventory is creeping down when it should be rising rapidly this time of year. Prices arent rising but they arent falling much if at all either.

SDR

[sdrealtor]

Bugs,
I agree with everything you say and it is pretty much in line with what I’ve been posting the last several months. However, weren’t we all saying that 2007 was going to be the year while now we seem to saying look out for 2008. The longer this thing gets dragged out the more opportunities there are for something to save the the ship. I have been predicting a 30% nominal decline from the peak on this board for nearly 1 year. While nothing in either direction would surprise, I’m not ready to say that a 30% nominal decline is in the bag anymore.

[Author]

Posts