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temeculaguy
Participantproperty search, thanks for the love, right back atcha!
CA renter, I agree with you, different areas do different things at different times, I only know what I experienced myself and that experience is fairly narrow in scope. Years ago the world seemed smaller, it was difficult to know what was happening in an area if you weren’t in it, the internet has made it easier to study other markets and I think it will close the gap on the variations between markets, making the cycles more consistent from region to region.
Participantproperty search, thanks for the love, right back atcha!
CA renter, I agree with you, different areas do different things at different times, I only know what I experienced myself and that experience is fairly narrow in scope. Years ago the world seemed smaller, it was difficult to know what was happening in an area if you weren’t in it, the internet has made it easier to study other markets and I think it will close the gap on the variations between markets, making the cycles more consistent from region to region.
Participantproperty search, thanks for the love, right back atcha!
CA renter, I agree with you, different areas do different things at different times, I only know what I experienced myself and that experience is fairly narrow in scope. Years ago the world seemed smaller, it was difficult to know what was happening in an area if you weren’t in it, the internet has made it easier to study other markets and I think it will close the gap on the variations between markets, making the cycles more consistent from region to region.
ParticipantGood to hear Doc! You are always welcome round here.
4plex, I looked at the charts and while I respect case shiller, those are national charts that don’t jive with my experiences as a home shopper from 1990-1991 in San Diego. It started to soften in 1992. I spent the 1980’s renting in San Diego and was seriously looking in 1990 and 1991, not only did I not see nominal or real price drops, there were steady increases with each phase for new construction. I remember those years specifically and also remember that camping out overnight for a phase release was almost normal at new construction, as was flipping pre construction.
ParticipantGood to hear Doc! You are always welcome round here.
4plex, I looked at the charts and while I respect case shiller, those are national charts that don’t jive with my experiences as a home shopper from 1990-1991 in San Diego. It started to soften in 1992. I spent the 1980’s renting in San Diego and was seriously looking in 1990 and 1991, not only did I not see nominal or real price drops, there were steady increases with each phase for new construction. I remember those years specifically and also remember that camping out overnight for a phase release was almost normal at new construction, as was flipping pre construction.
ParticipantGood to hear Doc! You are always welcome round here.
4plex, I looked at the charts and while I respect case shiller, those are national charts that don’t jive with my experiences as a home shopper from 1990-1991 in San Diego. It started to soften in 1992. I spent the 1980’s renting in San Diego and was seriously looking in 1990 and 1991, not only did I not see nominal or real price drops, there were steady increases with each phase for new construction. I remember those years specifically and also remember that camping out overnight for a phase release was almost normal at new construction, as was flipping pre construction.
ParticipantGood to hear Doc! You are always welcome round here.
4plex, I looked at the charts and while I respect case shiller, those are national charts that don’t jive with my experiences as a home shopper from 1990-1991 in San Diego. It started to soften in 1992. I spent the 1980’s renting in San Diego and was seriously looking in 1990 and 1991, not only did I not see nominal or real price drops, there were steady increases with each phase for new construction. I remember those years specifically and also remember that camping out overnight for a phase release was almost normal at new construction, as was flipping pre construction.
ParticipantGood to hear Doc! You are always welcome round here.
4plex, I looked at the charts and while I respect case shiller, those are national charts that don’t jive with my experiences as a home shopper from 1990-1991 in San Diego. It started to soften in 1992. I spent the 1980’s renting in San Diego and was seriously looking in 1990 and 1991, not only did I not see nominal or real price drops, there were steady increases with each phase for new construction. I remember those years specifically and also remember that camping out overnight for a phase release was almost normal at new construction, as was flipping pre construction.
July 2, 2009 at 2:34 PM in reply to: San Diego Home Sales about to be revised downward BIGTIME (89% to 6.5% increase in May) #424221Participant[quote=deadzone]What I don’t understand is if there are so many people with wads of cash and high income, why is the non-conforming market dead?
If you got cash, why settle for some POS? Let’s face it, any detached house in a good neighborhood for under 500K is still a POS. [/quote]
Three reasons:
1. Buying something that is less than you can afford is hip these days.
2. Underleveraging leads to better sleep in uncertain times.
3. Chicks dig it. Fiscal prowess has never been more attractive than it is today.
sdr is a good dude, the market may frustrate people but without certain insider’s input we would venture too far from reality. The reason some of us have too much time on our hands these days is that we are in the sports doldrums, basketball and hockey are over, football is too far away and baseball isn’t into the the good part of the season yet.
July 2, 2009 at 2:34 PM in reply to: San Diego Home Sales about to be revised downward BIGTIME (89% to 6.5% increase in May) #424452Participant[quote=deadzone]What I don’t understand is if there are so many people with wads of cash and high income, why is the non-conforming market dead?
If you got cash, why settle for some POS? Let’s face it, any detached house in a good neighborhood for under 500K is still a POS. [/quote]
Three reasons:
1. Buying something that is less than you can afford is hip these days.
2. Underleveraging leads to better sleep in uncertain times.
3. Chicks dig it. Fiscal prowess has never been more attractive than it is today.
sdr is a good dude, the market may frustrate people but without certain insider’s input we would venture too far from reality. The reason some of us have too much time on our hands these days is that we are in the sports doldrums, basketball and hockey are over, football is too far away and baseball isn’t into the the good part of the season yet.
July 2, 2009 at 2:34 PM in reply to: San Diego Home Sales about to be revised downward BIGTIME (89% to 6.5% increase in May) #424735Participant[quote=deadzone]What I don’t understand is if there are so many people with wads of cash and high income, why is the non-conforming market dead?
If you got cash, why settle for some POS? Let’s face it, any detached house in a good neighborhood for under 500K is still a POS. [/quote]
Three reasons:
1. Buying something that is less than you can afford is hip these days.
2. Underleveraging leads to better sleep in uncertain times.
3. Chicks dig it. Fiscal prowess has never been more attractive than it is today.
sdr is a good dude, the market may frustrate people but without certain insider’s input we would venture too far from reality. The reason some of us have too much time on our hands these days is that we are in the sports doldrums, basketball and hockey are over, football is too far away and baseball isn’t into the the good part of the season yet.
July 2, 2009 at 2:34 PM in reply to: San Diego Home Sales about to be revised downward BIGTIME (89% to 6.5% increase in May) #424804Participant[quote=deadzone]What I don’t understand is if there are so many people with wads of cash and high income, why is the non-conforming market dead?
If you got cash, why settle for some POS? Let’s face it, any detached house in a good neighborhood for under 500K is still a POS. [/quote]
Three reasons:
1. Buying something that is less than you can afford is hip these days.
2. Underleveraging leads to better sleep in uncertain times.
3. Chicks dig it. Fiscal prowess has never been more attractive than it is today.
sdr is a good dude, the market may frustrate people but without certain insider’s input we would venture too far from reality. The reason some of us have too much time on our hands these days is that we are in the sports doldrums, basketball and hockey are over, football is too far away and baseball isn’t into the the good part of the season yet.
July 2, 2009 at 2:34 PM in reply to: San Diego Home Sales about to be revised downward BIGTIME (89% to 6.5% increase in May) #424967Participant[quote=deadzone]What I don’t understand is if there are so many people with wads of cash and high income, why is the non-conforming market dead?
If you got cash, why settle for some POS? Let’s face it, any detached house in a good neighborhood for under 500K is still a POS. [/quote]
Three reasons:
1. Buying something that is less than you can afford is hip these days.
2. Underleveraging leads to better sleep in uncertain times.
3. Chicks dig it. Fiscal prowess has never been more attractive than it is today.
sdr is a good dude, the market may frustrate people but without certain insider’s input we would venture too far from reality. The reason some of us have too much time on our hands these days is that we are in the sports doldrums, basketball and hockey are over, football is too far away and baseball isn’t into the the good part of the season yet.
ParticipantBut I think the ones I linked fit your criteria that you posted on another thread, about you wanting a 10 year mortgage. While it’s a lofty goal and not likely to be commonplace, the median income in the zip of those condos is 68k, with 20% down on a 100k, an 80k mortgage for 10 years at 6% is $888 P&I. You could pull off your formula with those examples, sure it isn’t big and it’s not on the beach, but if your melancholy mood these days has you thinking that La Jolla mansions will be 100k, then the eventual reality will depress you even more. I’m just trying to help, math can be fun.
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