[unbiasedobserver]

I’m in an older attached CV community (built around 1990 when they still put in open areas, grass, streets are wide, much nicer than the newer scrunched up developments IMO). Anyway my observation is people are hunkering down for nuclear winter, just waiting for the good old days of 2005 to return. Most of the owners bought in the 90’s for $180K-$250K, yet they seem to feel entitled to $500K-$600K and they won’t sell until they can get it. Last fall (2007) there were about 6 units on the market, now there are none. Only 1 sold, and guess what, that was the lowest price, what a shock. In the past week I’ve heard 2 different people who I don’t believe know each other say that they each have “a friend” who wants to buy their unit for $5xx,xxx when they decide to sell (which I find extremely suspect since the last sale was mid 400’s). Anyway I’m surprised with the stability, no one apparently has to move for job, divorce, death, or whatever.

[unbiasedobserver]

I’m in an older attached CV community (built around 1990 when they still put in open areas, grass, streets are wide, much nicer than the newer scrunched up developments IMO). Anyway my observation is people are hunkering down for nuclear winter, just waiting for the good old days of 2005 to return. Most of the owners bought in the 90’s for $180K-$250K, yet they seem to feel entitled to $500K-$600K and they won’t sell until they can get it. Last fall (2007) there were about 6 units on the market, now there are none. Only 1 sold, and guess what, that was the lowest price, what a shock. In the past week I’ve heard 2 different people who I don’t believe know each other say that they each have “a friend” who wants to buy their unit for $5xx,xxx when they decide to sell (which I find extremely suspect since the last sale was mid 400’s). Anyway I’m surprised with the stability, no one apparently has to move for job, divorce, death, or whatever.

[unbiasedobserver]

I’m in an older attached CV community (built around 1990 when they still put in open areas, grass, streets are wide, much nicer than the newer scrunched up developments IMO). Anyway my observation is people are hunkering down for nuclear winter, just waiting for the good old days of 2005 to return. Most of the owners bought in the 90’s for $180K-$250K, yet they seem to feel entitled to $500K-$600K and they won’t sell until they can get it. Last fall (2007) there were about 6 units on the market, now there are none. Only 1 sold, and guess what, that was the lowest price, what a shock. In the past week I’ve heard 2 different people who I don’t believe know each other say that they each have “a friend” who wants to buy their unit for $5xx,xxx when they decide to sell (which I find extremely suspect since the last sale was mid 400’s). Anyway I’m surprised with the stability, no one apparently has to move for job, divorce, death, or whatever.

[unbiasedobserver]

I’m in an older attached CV community (built around 1990 when they still put in open areas, grass, streets are wide, much nicer than the newer scrunched up developments IMO). Anyway my observation is people are hunkering down for nuclear winter, just waiting for the good old days of 2005 to return. Most of the owners bought in the 90’s for $180K-$250K, yet they seem to feel entitled to $500K-$600K and they won’t sell until they can get it. Last fall (2007) there were about 6 units on the market, now there are none. Only 1 sold, and guess what, that was the lowest price, what a shock. In the past week I’ve heard 2 different people who I don’t believe know each other say that they each have “a friend” who wants to buy their unit for $5xx,xxx when they decide to sell (which I find extremely suspect since the last sale was mid 400’s). Anyway I’m surprised with the stability, no one apparently has to move for job, divorce, death, or whatever.

[unbiasedobserver]

I’m in an older attached CV community (built around 1990 when they still put in open areas, grass, streets are wide, much nicer than the newer scrunched up developments IMO). Anyway my observation is people are hunkering down for nuclear winter, just waiting for the good old days of 2005 to return. Most of the owners bought in the 90’s for $180K-$250K, yet they seem to feel entitled to $500K-$600K and they won’t sell until they can get it. Last fall (2007) there were about 6 units on the market, now there are none. Only 1 sold, and guess what, that was the lowest price, what a shock. In the past week I’ve heard 2 different people who I don’t believe know each other say that they each have “a friend” who wants to buy their unit for $5xx,xxx when they decide to sell (which I find extremely suspect since the last sale was mid 400’s). Anyway I’m surprised with the stability, no one apparently has to move for job, divorce, death, or whatever.

[unbiasedobserver]

I know a couple in a similar situation (overspenders, bulk of income has vanished from real estate jobs) who have also ‘downsized’ by getting rid of their 4th car and got rid of a couple premium movie channels, but STILL don’t get that they need to return to planet EARTH. They still have a maid (maybe only monthly instead of biweekly), gardener, someone to clean the airducts, and who knows what other ridiculous services. Unless the housing bubble reinflates folks like these are in for a serious rude awakening.

[unbiasedobserver]

I know a couple in a similar situation (overspenders, bulk of income has vanished from real estate jobs) who have also ‘downsized’ by getting rid of their 4th car and got rid of a couple premium movie channels, but STILL don’t get that they need to return to planet EARTH. They still have a maid (maybe only monthly instead of biweekly), gardener, someone to clean the airducts, and who knows what other ridiculous services. Unless the housing bubble reinflates folks like these are in for a serious rude awakening.

[unbiasedobserver]

I know a couple in a similar situation (overspenders, bulk of income has vanished from real estate jobs) who have also ‘downsized’ by getting rid of their 4th car and got rid of a couple premium movie channels, but STILL don’t get that they need to return to planet EARTH. They still have a maid (maybe only monthly instead of biweekly), gardener, someone to clean the airducts, and who knows what other ridiculous services. Unless the housing bubble reinflates folks like these are in for a serious rude awakening.

[unbiasedobserver]

I know a couple in a similar situation (overspenders, bulk of income has vanished from real estate jobs) who have also ‘downsized’ by getting rid of their 4th car and got rid of a couple premium movie channels, but STILL don’t get that they need to return to planet EARTH. They still have a maid (maybe only monthly instead of biweekly), gardener, someone to clean the airducts, and who knows what other ridiculous services. Unless the housing bubble reinflates folks like these are in for a serious rude awakening.

[unbiasedobserver]

I know a couple in a similar situation (overspenders, bulk of income has vanished from real estate jobs) who have also ‘downsized’ by getting rid of their 4th car and got rid of a couple premium movie channels, but STILL don’t get that they need to return to planet EARTH. They still have a maid (maybe only monthly instead of biweekly), gardener, someone to clean the airducts, and who knows what other ridiculous services. Unless the housing bubble reinflates folks like these are in for a serious rude awakening.

[unbiasedobserver]

It was 1997 for me (no kidding). I was renting in the renaissance area of UTC and watched 1br w/loft units (900sft) suddenly increase from 140K to 190K over the span of 6 months, I was like WTF? I truly believe the housing bubble started in the La Jolla area and spread like cancer from there across the entire country. When I see dire predictions that prices will return to “pre-bubble” 2003 prices in SD I have to laugh because I think we were 7 years into the bubble at that point.

[unbiasedobserver]

It was 1997 for me (no kidding). I was renting in the renaissance area of UTC and watched 1br w/loft units (900sft) suddenly increase from 140K to 190K over the span of 6 months, I was like WTF? I truly believe the housing bubble started in the La Jolla area and spread like cancer from there across the entire country. When I see dire predictions that prices will return to “pre-bubble” 2003 prices in SD I have to laugh because I think we were 7 years into the bubble at that point.

[unbiasedobserver]

It was 1997 for me (no kidding). I was renting in the renaissance area of UTC and watched 1br w/loft units (900sft) suddenly increase from 140K to 190K over the span of 6 months, I was like WTF? I truly believe the housing bubble started in the La Jolla area and spread like cancer from there across the entire country. When I see dire predictions that prices will return to “pre-bubble” 2003 prices in SD I have to laugh because I think we were 7 years into the bubble at that point.

[unbiasedobserver]

It was 1997 for me (no kidding). I was renting in the renaissance area of UTC and watched 1br w/loft units (900sft) suddenly increase from 140K to 190K over the span of 6 months, I was like WTF? I truly believe the housing bubble started in the La Jolla area and spread like cancer from there across the entire country. When I see dire predictions that prices will return to “pre-bubble” 2003 prices in SD I have to laugh because I think we were 7 years into the bubble at that point.

[unbiasedobserver]

It was 1997 for me (no kidding). I was renting in the renaissance area of UTC and watched 1br w/loft units (900sft) suddenly increase from 140K to 190K over the span of 6 months, I was like WTF? I truly believe the housing bubble started in the La Jolla area and spread like cancer from there across the entire country. When I see dire predictions that prices will return to “pre-bubble” 2003 prices in SD I have to laugh because I think we were 7 years into the bubble at that point.

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