[XBoxBoy]

[quote=reddgreen]I wouldn’t say immune, but there are quite a few European buyers that would like to have a nice house by the sea in beautiful ‘Diego
[/quote]

Reddgreen, I keep hearing about foreign buyers, but I don’t see the sales stats to support it. Inventory for LJ (at least in houses) is way higher than it was a year ago and sales are way down. While this thread is meant to show that prices are down even along the coast I would definitely agree that they are not down like they are in Temecula or Inland Empire.

I think everyone forgets that foreigners have a huge number of choices, not just La Jolla. Del Mar, Coronado, Rancho Santa Fe, to name only a few locally, but there are considerably more when you expand to the whole USA. (Like Cape Cod, or Martha’s Vineyard, or Nags Head, or Carmel, or Santa Barbara and Montecito or go into the mountains and cities and there are even more choices) Conversely, there are only so many ultra rich foreigners buying trophy houses in the USA these days, and with the rising dollar it makes it all the less affordable for them.

XBoxBoy

[XBoxBoy]

[quote=reddgreen]I wouldn’t say immune, but there are quite a few European buyers that would like to have a nice house by the sea in beautiful ‘Diego
[/quote]

Reddgreen, I keep hearing about foreign buyers, but I don’t see the sales stats to support it. Inventory for LJ (at least in houses) is way higher than it was a year ago and sales are way down. While this thread is meant to show that prices are down even along the coast I would definitely agree that they are not down like they are in Temecula or Inland Empire.

I think everyone forgets that foreigners have a huge number of choices, not just La Jolla. Del Mar, Coronado, Rancho Santa Fe, to name only a few locally, but there are considerably more when you expand to the whole USA. (Like Cape Cod, or Martha’s Vineyard, or Nags Head, or Carmel, or Santa Barbara and Montecito or go into the mountains and cities and there are even more choices) Conversely, there are only so many ultra rich foreigners buying trophy houses in the USA these days, and with the rising dollar it makes it all the less affordable for them.

XBoxBoy

[XBoxBoy]

[quote=reddgreen]I wouldn’t say immune, but there are quite a few European buyers that would like to have a nice house by the sea in beautiful ‘Diego
[/quote]

Reddgreen, I keep hearing about foreign buyers, but I don’t see the sales stats to support it. Inventory for LJ (at least in houses) is way higher than it was a year ago and sales are way down. While this thread is meant to show that prices are down even along the coast I would definitely agree that they are not down like they are in Temecula or Inland Empire.

I think everyone forgets that foreigners have a huge number of choices, not just La Jolla. Del Mar, Coronado, Rancho Santa Fe, to name only a few locally, but there are considerably more when you expand to the whole USA. (Like Cape Cod, or Martha’s Vineyard, or Nags Head, or Carmel, or Santa Barbara and Montecito or go into the mountains and cities and there are even more choices) Conversely, there are only so many ultra rich foreigners buying trophy houses in the USA these days, and with the rising dollar it makes it all the less affordable for them.

XBoxBoy

[XBoxBoy]

Reading back through this thread a month later makes all the comments about rising interest rates seem down right “Quaint”.

Today the 10 yr closed at 2.72% and I think inter day dropped into the 2.60’s. I would have to say, it does seem that the foreigners are still buying our debt and that investors are still expecting a long recession, not a short little blip.

Another way of looking at it is that investors don’t have much faith that our government’s spending is really gonna stop deflation and cause inflation. Interesting how this is shaking out.

Also interesting that the fed is now talking about printing money and buying 10yr treasuries with that fresh cash.

XBoxBoy

[XBoxBoy]

Reading back through this thread a month later makes all the comments about rising interest rates seem down right “Quaint”.

Today the 10 yr closed at 2.72% and I think inter day dropped into the 2.60’s. I would have to say, it does seem that the foreigners are still buying our debt and that investors are still expecting a long recession, not a short little blip.

Another way of looking at it is that investors don’t have much faith that our government’s spending is really gonna stop deflation and cause inflation. Interesting how this is shaking out.

Also interesting that the fed is now talking about printing money and buying 10yr treasuries with that fresh cash.

XBoxBoy

[XBoxBoy]

Reading back through this thread a month later makes all the comments about rising interest rates seem down right “Quaint”.

Today the 10 yr closed at 2.72% and I think inter day dropped into the 2.60’s. I would have to say, it does seem that the foreigners are still buying our debt and that investors are still expecting a long recession, not a short little blip.

Another way of looking at it is that investors don’t have much faith that our government’s spending is really gonna stop deflation and cause inflation. Interesting how this is shaking out.

Also interesting that the fed is now talking about printing money and buying 10yr treasuries with that fresh cash.

XBoxBoy

[XBoxBoy]

Reading back through this thread a month later makes all the comments about rising interest rates seem down right “Quaint”.

Today the 10 yr closed at 2.72% and I think inter day dropped into the 2.60’s. I would have to say, it does seem that the foreigners are still buying our debt and that investors are still expecting a long recession, not a short little blip.

Another way of looking at it is that investors don’t have much faith that our government’s spending is really gonna stop deflation and cause inflation. Interesting how this is shaking out.

Also interesting that the fed is now talking about printing money and buying 10yr treasuries with that fresh cash.

XBoxBoy

[XBoxBoy]

Reading back through this thread a month later makes all the comments about rising interest rates seem down right “Quaint”.

Today the 10 yr closed at 2.72% and I think inter day dropped into the 2.60’s. I would have to say, it does seem that the foreigners are still buying our debt and that investors are still expecting a long recession, not a short little blip.

Another way of looking at it is that investors don’t have much faith that our government’s spending is really gonna stop deflation and cause inflation. Interesting how this is shaking out.

Also interesting that the fed is now talking about printing money and buying 10yr treasuries with that fresh cash.

XBoxBoy

[XBoxBoy]

Sold 11/26/2008 for $3,850,000
Sold 06/12/2007 for $4,500,000

That’s $650,000 (14%) loss in less than a year and a half. So much for the coast being immune.

http://www.sdlookup.com/Property-31E33BA6-1055_Muirlands_Vista_Way_La_Jolla_CA_92037

[XBoxBoy]

Sold 11/26/2008 for $3,850,000
Sold 06/12/2007 for $4,500,000

That’s $650,000 (14%) loss in less than a year and a half. So much for the coast being immune.

http://www.sdlookup.com/Property-31E33BA6-1055_Muirlands_Vista_Way_La_Jolla_CA_92037

[XBoxBoy]

Sold 11/26/2008 for $3,850,000
Sold 06/12/2007 for $4,500,000

That’s $650,000 (14%) loss in less than a year and a half. So much for the coast being immune.

http://www.sdlookup.com/Property-31E33BA6-1055_Muirlands_Vista_Way_La_Jolla_CA_92037

[XBoxBoy]

Sold 11/26/2008 for $3,850,000
Sold 06/12/2007 for $4,500,000

That’s $650,000 (14%) loss in less than a year and a half. So much for the coast being immune.

http://www.sdlookup.com/Property-31E33BA6-1055_Muirlands_Vista_Way_La_Jolla_CA_92037

[XBoxBoy]

Sold 11/26/2008 for $3,850,000
Sold 06/12/2007 for $4,500,000

That’s $650,000 (14%) loss in less than a year and a half. So much for the coast being immune.

http://www.sdlookup.com/Property-31E33BA6-1055_Muirlands_Vista_Way_La_Jolla_CA_92037

[XBoxBoy]

[quote=cooprider]Why is the FDIC – a depository insurance arm of the Government – so concerned about staving off foreclosure?[/quote]

Because Sheila Bair is a clueless socialist? (or maybe because socialism is the new answer to the worlds problems?)

[XBoxBoy]

[quote=cooprider]Why is the FDIC – a depository insurance arm of the Government – so concerned about staving off foreclosure?[/quote]

Because Sheila Bair is a clueless socialist? (or maybe because socialism is the new answer to the worlds problems?)

[Author]

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