[XBoxBoy]

Cyphire,

You are definitely NOT crazy. I too am renting in La Jolla waiting for the prices to come down. But if I could I probably would be somewhere else. Problem is, I married a La Jolla girl who loves the beach and surfs. To her the idea of moving to a place with seasons is incomprehensible. Plus we share custody of her son with her ex, and he too is a La Jolla born surfer so moving would mean taking my stepson from his father.

But from my perspective… a 7400 sq ft home with a 5 car heated garage for under a million???? You ain’t ever gonna get near that in La Jolla!! I don’t care how far prices in San Diego crash, you will never get that kind of affordability.

Plus, as a parent in La Jolla, I often wonder how healthy this environment is for kids. I do see a lot of kids growing up, thinking that being cool, being a surfer, being good looking, being wealthy is what it is all about. I think if I had my pick, I’d rather raise kids in a boring place like Madison WI, rather than a ritzy glamorous place like La Jolla. If you need more proof of what I’m getting at, just look at the story of the bird rock bandits to make you shake your head.

XBoxBoy

ps to Rustico… this thread got hi-jacked a long time ago..

[XBoxBoy]

Cyphire,

You are definitely NOT crazy. I too am renting in La Jolla waiting for the prices to come down. But if I could I probably would be somewhere else. Problem is, I married a La Jolla girl who loves the beach and surfs. To her the idea of moving to a place with seasons is incomprehensible. Plus we share custody of her son with her ex, and he too is a La Jolla born surfer so moving would mean taking my stepson from his father.

But from my perspective… a 7400 sq ft home with a 5 car heated garage for under a million???? You ain’t ever gonna get near that in La Jolla!! I don’t care how far prices in San Diego crash, you will never get that kind of affordability.

Plus, as a parent in La Jolla, I often wonder how healthy this environment is for kids. I do see a lot of kids growing up, thinking that being cool, being a surfer, being good looking, being wealthy is what it is all about. I think if I had my pick, I’d rather raise kids in a boring place like Madison WI, rather than a ritzy glamorous place like La Jolla. If you need more proof of what I’m getting at, just look at the story of the bird rock bandits to make you shake your head.

XBoxBoy

ps to Rustico… this thread got hi-jacked a long time ago..

[XBoxBoy]

Cyphire,

You are definitely NOT crazy. I too am renting in La Jolla waiting for the prices to come down. But if I could I probably would be somewhere else. Problem is, I married a La Jolla girl who loves the beach and surfs. To her the idea of moving to a place with seasons is incomprehensible. Plus we share custody of her son with her ex, and he too is a La Jolla born surfer so moving would mean taking my stepson from his father.

But from my perspective… a 7400 sq ft home with a 5 car heated garage for under a million???? You ain’t ever gonna get near that in La Jolla!! I don’t care how far prices in San Diego crash, you will never get that kind of affordability.

Plus, as a parent in La Jolla, I often wonder how healthy this environment is for kids. I do see a lot of kids growing up, thinking that being cool, being a surfer, being good looking, being wealthy is what it is all about. I think if I had my pick, I’d rather raise kids in a boring place like Madison WI, rather than a ritzy glamorous place like La Jolla. If you need more proof of what I’m getting at, just look at the story of the bird rock bandits to make you shake your head.

XBoxBoy

ps to Rustico… this thread got hi-jacked a long time ago..

[XBoxBoy]

While upper priced properties have been lagging, I’m not sure if it will stay that way. The credit crunch has hit the jumbo loans more than the low end loans. Consequently the number of sales in the high end seems to be dropping off rather steeply.

I think a lot of what happens depends on how hard it is to get jumbo loans this spring. There’s lots of talk in the media about how the mortgage crisis is not going to be confined to sub-prime. At the same time there’s talk about allowing Fannie Mae and Freddie Mac to accept larger loans. And then there’s talk about foreigners cutting back on lending money to USA. Talk, talk, talk….

So, I’d argue that if jumbo loans continue to be difficult to get, and maybe even get more difficult to get, then the top end will start a quick decline. But if jumbo loans are easy to get this spring, then all bets of declining top end are off.

The problem is I find predicting the future a rather difficult endeavor. Will jumbos be tough to get in the spring? Beats me.

XBoxBoy

[XBoxBoy]

While upper priced properties have been lagging, I’m not sure if it will stay that way. The credit crunch has hit the jumbo loans more than the low end loans. Consequently the number of sales in the high end seems to be dropping off rather steeply.

I think a lot of what happens depends on how hard it is to get jumbo loans this spring. There’s lots of talk in the media about how the mortgage crisis is not going to be confined to sub-prime. At the same time there’s talk about allowing Fannie Mae and Freddie Mac to accept larger loans. And then there’s talk about foreigners cutting back on lending money to USA. Talk, talk, talk….

So, I’d argue that if jumbo loans continue to be difficult to get, and maybe even get more difficult to get, then the top end will start a quick decline. But if jumbo loans are easy to get this spring, then all bets of declining top end are off.

The problem is I find predicting the future a rather difficult endeavor. Will jumbos be tough to get in the spring? Beats me.

XBoxBoy

[XBoxBoy]

While upper priced properties have been lagging, I’m not sure if it will stay that way. The credit crunch has hit the jumbo loans more than the low end loans. Consequently the number of sales in the high end seems to be dropping off rather steeply.

I think a lot of what happens depends on how hard it is to get jumbo loans this spring. There’s lots of talk in the media about how the mortgage crisis is not going to be confined to sub-prime. At the same time there’s talk about allowing Fannie Mae and Freddie Mac to accept larger loans. And then there’s talk about foreigners cutting back on lending money to USA. Talk, talk, talk….

So, I’d argue that if jumbo loans continue to be difficult to get, and maybe even get more difficult to get, then the top end will start a quick decline. But if jumbo loans are easy to get this spring, then all bets of declining top end are off.

The problem is I find predicting the future a rather difficult endeavor. Will jumbos be tough to get in the spring? Beats me.

XBoxBoy

[XBoxBoy]

While upper priced properties have been lagging, I’m not sure if it will stay that way. The credit crunch has hit the jumbo loans more than the low end loans. Consequently the number of sales in the high end seems to be dropping off rather steeply.

I think a lot of what happens depends on how hard it is to get jumbo loans this spring. There’s lots of talk in the media about how the mortgage crisis is not going to be confined to sub-prime. At the same time there’s talk about allowing Fannie Mae and Freddie Mac to accept larger loans. And then there’s talk about foreigners cutting back on lending money to USA. Talk, talk, talk….

So, I’d argue that if jumbo loans continue to be difficult to get, and maybe even get more difficult to get, then the top end will start a quick decline. But if jumbo loans are easy to get this spring, then all bets of declining top end are off.

The problem is I find predicting the future a rather difficult endeavor. Will jumbos be tough to get in the spring? Beats me.

XBoxBoy

[XBoxBoy]

While upper priced properties have been lagging, I’m not sure if it will stay that way. The credit crunch has hit the jumbo loans more than the low end loans. Consequently the number of sales in the high end seems to be dropping off rather steeply.

I think a lot of what happens depends on how hard it is to get jumbo loans this spring. There’s lots of talk in the media about how the mortgage crisis is not going to be confined to sub-prime. At the same time there’s talk about allowing Fannie Mae and Freddie Mac to accept larger loans. And then there’s talk about foreigners cutting back on lending money to USA. Talk, talk, talk….

So, I’d argue that if jumbo loans continue to be difficult to get, and maybe even get more difficult to get, then the top end will start a quick decline. But if jumbo loans are easy to get this spring, then all bets of declining top end are off.

The problem is I find predicting the future a rather difficult endeavor. Will jumbos be tough to get in the spring? Beats me.

XBoxBoy

[XBoxBoy]

TG Wrote:
“As strange as it may sound, I speak somewhat regularly to many of the lurkers who don’t post, not suprisingly they are all women”

Wow, I had no idea piggington’s was a place to meet women. You go TG!

XBoxBoy

[XBoxBoy]

TG Wrote:
“As strange as it may sound, I speak somewhat regularly to many of the lurkers who don’t post, not suprisingly they are all women”

Wow, I had no idea piggington’s was a place to meet women. You go TG!

XBoxBoy

[XBoxBoy]

TG Wrote:
“As strange as it may sound, I speak somewhat regularly to many of the lurkers who don’t post, not suprisingly they are all women”

Wow, I had no idea piggington’s was a place to meet women. You go TG!

XBoxBoy

[XBoxBoy]

TG Wrote:
“As strange as it may sound, I speak somewhat regularly to many of the lurkers who don’t post, not suprisingly they are all women”

Wow, I had no idea piggington’s was a place to meet women. You go TG!

XBoxBoy

[XBoxBoy]

TG Wrote:
“As strange as it may sound, I speak somewhat regularly to many of the lurkers who don’t post, not suprisingly they are all women”

Wow, I had no idea piggington’s was a place to meet women. You go TG!

XBoxBoy

[XBoxBoy]

I used to think this was going to speed things up. That was in late 2004 when I first became aware of what was going on. I thought for sure, with the internet, others would be quickly informed, and within 6 months all the crashing would be done. Guess I was wrong about that. Now I’m pretty much convinced that most people pay little if any attention to housing and financials, except what they hear from their friends. And since finance is not a popular topic, I’d have to say the internet will make little difference.

[XBoxBoy]

I used to think this was going to speed things up. That was in late 2004 when I first became aware of what was going on. I thought for sure, with the internet, others would be quickly informed, and within 6 months all the crashing would be done. Guess I was wrong about that. Now I’m pretty much convinced that most people pay little if any attention to housing and financials, except what they hear from their friends. And since finance is not a popular topic, I’d have to say the internet will make little difference.

[Author]

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