[stansd]

Has anyone considered the idea that the wealthy that live in places like La Jolla & RSF (or who wish to buy there) have much larger amounts of variable pay? I’m convinced that the recession we are in is going to narrow the pay disparity as the top tier gets butchered. It will also reduce their overall wealth.

This is not to say the wealthy will suffer as much…having to downsize from a 7 series to a 5 series versus having food to feed your kids isn’t a comparison, but I do believe it will substantially affect prices in rich areas. This is especially important since I believe many of the price gains recentaly are driven by the nouveau rich or plastic set.

Stan

[stansd]

Has anyone considered the idea that the wealthy that live in places like La Jolla & RSF (or who wish to buy there) have much larger amounts of variable pay? I’m convinced that the recession we are in is going to narrow the pay disparity as the top tier gets butchered. It will also reduce their overall wealth.

This is not to say the wealthy will suffer as much…having to downsize from a 7 series to a 5 series versus having food to feed your kids isn’t a comparison, but I do believe it will substantially affect prices in rich areas. This is especially important since I believe many of the price gains recentaly are driven by the nouveau rich or plastic set.

Stan

[stansd]

Has anyone considered the idea that the wealthy that live in places like La Jolla & RSF (or who wish to buy there) have much larger amounts of variable pay? I’m convinced that the recession we are in is going to narrow the pay disparity as the top tier gets butchered. It will also reduce their overall wealth.

This is not to say the wealthy will suffer as much…having to downsize from a 7 series to a 5 series versus having food to feed your kids isn’t a comparison, but I do believe it will substantially affect prices in rich areas. This is especially important since I believe many of the price gains recentaly are driven by the nouveau rich or plastic set.

Stan

[stansd]

Has anyone considered the idea that the wealthy that live in places like La Jolla & RSF (or who wish to buy there) have much larger amounts of variable pay? I’m convinced that the recession we are in is going to narrow the pay disparity as the top tier gets butchered. It will also reduce their overall wealth.

This is not to say the wealthy will suffer as much…having to downsize from a 7 series to a 5 series versus having food to feed your kids isn’t a comparison, but I do believe it will substantially affect prices in rich areas. This is especially important since I believe many of the price gains recentaly are driven by the nouveau rich or plastic set.

Stan

[stansd]

Has anyone considered the idea that the wealthy that live in places like La Jolla & RSF (or who wish to buy there) have much larger amounts of variable pay? I’m convinced that the recession we are in is going to narrow the pay disparity as the top tier gets butchered. It will also reduce their overall wealth.

This is not to say the wealthy will suffer as much…having to downsize from a 7 series to a 5 series versus having food to feed your kids isn’t a comparison, but I do believe it will substantially affect prices in rich areas. This is especially important since I believe many of the price gains recentaly are driven by the nouveau rich or plastic set.

Stan

[stansd]

I’ll speak in broad generalities. I live in Rancho Bernardo, near Poway, and I’m seeing prices dip below $300/Sq. foot in a number of instances here already.

I did a regression once, and the size of the house makes a huge difference. I think at one point, I found that once you get beyond 1,800 sqare feet or so, the marginal cost per square foot is only $150 or so.

This would explain in my area why you can get a 1,500 square foot house for 500K, a 2,000 square foot house for 650K, or a 3,000 square foot house for 800K.

If you want to live on the coast, you may struggle to hit that price point.

Zillow has some really cool heat maps…Go to http://www.zillow.com. Type in san diego, ca. Then, in the box in the upper right hand corner of the map, type heat map. It will show you exactly what you are looking for.

Current take is that you’ll need to go inland to hit that price point. Everyone here will tell you to rent. I am renting on the belief that we have another 20% to go before bottom.

Zac

[stansd]

I’ll speak in broad generalities. I live in Rancho Bernardo, near Poway, and I’m seeing prices dip below $300/Sq. foot in a number of instances here already.

I did a regression once, and the size of the house makes a huge difference. I think at one point, I found that once you get beyond 1,800 sqare feet or so, the marginal cost per square foot is only $150 or so.

This would explain in my area why you can get a 1,500 square foot house for 500K, a 2,000 square foot house for 650K, or a 3,000 square foot house for 800K.

If you want to live on the coast, you may struggle to hit that price point.

Zillow has some really cool heat maps…Go to http://www.zillow.com. Type in san diego, ca. Then, in the box in the upper right hand corner of the map, type heat map. It will show you exactly what you are looking for.

Current take is that you’ll need to go inland to hit that price point. Everyone here will tell you to rent. I am renting on the belief that we have another 20% to go before bottom.

Zac

[stansd]

I’ll speak in broad generalities. I live in Rancho Bernardo, near Poway, and I’m seeing prices dip below $300/Sq. foot in a number of instances here already.

I did a regression once, and the size of the house makes a huge difference. I think at one point, I found that once you get beyond 1,800 sqare feet or so, the marginal cost per square foot is only $150 or so.

This would explain in my area why you can get a 1,500 square foot house for 500K, a 2,000 square foot house for 650K, or a 3,000 square foot house for 800K.

If you want to live on the coast, you may struggle to hit that price point.

Zillow has some really cool heat maps…Go to http://www.zillow.com. Type in san diego, ca. Then, in the box in the upper right hand corner of the map, type heat map. It will show you exactly what you are looking for.

Current take is that you’ll need to go inland to hit that price point. Everyone here will tell you to rent. I am renting on the belief that we have another 20% to go before bottom.

Zac

[stansd]

I’ll speak in broad generalities. I live in Rancho Bernardo, near Poway, and I’m seeing prices dip below $300/Sq. foot in a number of instances here already.

I did a regression once, and the size of the house makes a huge difference. I think at one point, I found that once you get beyond 1,800 sqare feet or so, the marginal cost per square foot is only $150 or so.

This would explain in my area why you can get a 1,500 square foot house for 500K, a 2,000 square foot house for 650K, or a 3,000 square foot house for 800K.

If you want to live on the coast, you may struggle to hit that price point.

Zillow has some really cool heat maps…Go to http://www.zillow.com. Type in san diego, ca. Then, in the box in the upper right hand corner of the map, type heat map. It will show you exactly what you are looking for.

Current take is that you’ll need to go inland to hit that price point. Everyone here will tell you to rent. I am renting on the belief that we have another 20% to go before bottom.

Zac

[stansd]

I’ll speak in broad generalities. I live in Rancho Bernardo, near Poway, and I’m seeing prices dip below $300/Sq. foot in a number of instances here already.

I did a regression once, and the size of the house makes a huge difference. I think at one point, I found that once you get beyond 1,800 sqare feet or so, the marginal cost per square foot is only $150 or so.

This would explain in my area why you can get a 1,500 square foot house for 500K, a 2,000 square foot house for 650K, or a 3,000 square foot house for 800K.

If you want to live on the coast, you may struggle to hit that price point.

Zillow has some really cool heat maps…Go to http://www.zillow.com. Type in san diego, ca. Then, in the box in the upper right hand corner of the map, type heat map. It will show you exactly what you are looking for.

Current take is that you’ll need to go inland to hit that price point. Everyone here will tell you to rent. I am renting on the belief that we have another 20% to go before bottom.

Zac

[stansd]

I think someone mentioned that they are, in effect, converting non recourse assets to recourse assets. In exchange for losing the ability to walk away, the homeowner gets to keep his/her house.

I’ll leave it to others to fully define/debate.

Stan

[stansd]

I think someone mentioned that they are, in effect, converting non recourse assets to recourse assets. In exchange for losing the ability to walk away, the homeowner gets to keep his/her house.

I’ll leave it to others to fully define/debate.

Stan

[stansd]

I think someone mentioned that they are, in effect, converting non recourse assets to recourse assets. In exchange for losing the ability to walk away, the homeowner gets to keep his/her house.

I’ll leave it to others to fully define/debate.

Stan

[stansd]

I think someone mentioned that they are, in effect, converting non recourse assets to recourse assets. In exchange for losing the ability to walk away, the homeowner gets to keep his/her house.

I’ll leave it to others to fully define/debate.

Stan

[stansd]

I think someone mentioned that they are, in effect, converting non recourse assets to recourse assets. In exchange for losing the ability to walk away, the homeowner gets to keep his/her house.

I’ll leave it to others to fully define/debate.

Stan

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