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sdrealtor
ParticipantBig companies rarely if ever move here. It has always been that way even when housing was relatively cheap. What is unique about SD is that it is a HUGE draw to intellectual, creative thinkers with an entrepreneurial spirit. SD has always been a business incubator where many great young companies start. Once they reach a critical mass, they ultimately get sold to a corporate giant. The jobs leave, the money stays and the founders start another company. The cycle continues. Too many of you out there seem to be brilliant but lack the entrepreneurial spirit that makes SD great. This is a great place to start a company with tons of bright, young potential employees willing to take a risk on your start-up ideas. I could go on and on with stories, including the company I started in the late 90’s and ultimately sold off. Here’s one:
Ever heard of Nixon Watches? Probably not! It is a company that basically started in an Encinitas garge by two bright ambitious surfer dudes. Company struggled for several years, eventually gained traction and sold out to Billabong for close to $80M.
ParticipantThe nicest car my very wealthy uncle in FLA (net worth in the deep 8 figures) ever drove was a Maxima.
ParticipantDisney World doesnt count. My in-laws just left today to go back to FLA. The market there is far worse than here already. Prices are falling and rents are falling there (my f-i-l is a realtor there and m-i-l a leasing agent). People are terrified after the last hurricane season. FLA has more scammers than any place I have ever seen. Lots of retirees but as far as a real business climate, it leaves a lot to be desired. The people there did everything they could to keep the biotechs out. I still go there at least twice a year. It is a joke to call it a saner place than CA.
One thing you would like is all the bible beaters on the west coast of FLA.
September 26, 2006 at 8:30 PM in reply to: When to sell your house(before, at, or after peak)? #36549ParticipantDamn good advice!
ParticipantROTLMAO
Have you ever been to Florida. Calling FLA one of the saner parts of the country would seem to suggest you havent been there. I’ve been there hundreds of times and have many relatives there. FLA has more low lifes and lunatics than CA not to mention horrific schools!
ParticipantLBC,
A weak economy will drive more renters and less buyers. If there is a huge recession it will impact the entire nation. According to your logic they will be fleeing every city in America. That just doesnt work. Where will they go….to the moon?ParticipantThe last drop occurred because of massive job losses (i.e. 60K in a matter of 2 or 3 months). This drop will be for other reasons. I see no reason for a mass exodus from the county.
If I had a nice rental, I would lock it in for the next couple of years so you know where you’ll be living and how much it will cost. It’s the prudent thing to do. Just ask PS.
ParticipantNever said it would save housing, just that it would grearly increae demand and thereby increase rents.
In case you didn’t know, thousand of “those guys” live off base. Additionally, when hubby/daddy goes off to war the wife and kids very often go back home to their parents.
ParticipantWhen the boys come back
From the boondoggle in IraqVacancies will drop to the floor
And rental rates will soarSeptember 26, 2006 at 1:03 PM in reply to: When to sell your house(before, at, or after peak)? #36502ParticipantContrary to what some seem to believe, it’s impossible to accurately identify peaks until they have passed.You make the real money in RE when you buy not when you sell. Buy smart and you will do well. Buy poorly and you won’t.
ParticipantHe’s a troll. I cant believe anyone even bothered to respond
ParticipantWe’ll have to agree to disagree on this one. I agree with NSR but just think that the quality of the properties in his scenario will be less than optimal. Your example while valid is a sample size of one. I havent heard of any areas that dropped 52% in 18 months.
September 22, 2006 at 1:06 PM in reply to: I cant take it anymore! It’s a TRACT house not a TRACK house #36089Participantwhatz prowf reedin?
Participant“Possibly to the point that the only thing available on the market is prior-foreclosure resales. Those resales will likely be in our target range of 40-50% from peak, but I suspect that’ll be all we have to choose from.”
That would be very unfortunate because the best properties are unlikely to be among them.
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