Welcome to City-Data.com Forum!
U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > U.S. Forums > California > Orange County
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 11-29-2008, 01:35 PM
 
Location: Irvine, CA / Golden, CO
59 posts, read 190,764 times
Reputation: 46

Advertisements

Quote:
Originally Posted by goodbyehollywood View Post
While desirable parts of SoCal may always command premium pricing, a 5+ multiple is still too high. I believe there's more downside.
The current "OC Premium" is 2.58 times the national average. Historically OC is ~twice the national average. That said, a lowering tide sinks all ships...
Reply With Quote Quick reply to this message

 
Old 11-29-2008, 11:43 PM
 
1,020 posts, read 2,524,256 times
Reputation: 553
Quote:
b/c the cities you mentioned are not desirable....for lots of ppl So Cal is the place to be!
You are aware that Atlanta gained more people than any other metro in the country, aren't you? Oh yeah, sounds like it's SOOOO undesirable.
Reply With Quote Quick reply to this message
 
Old 11-30-2008, 03:04 AM
 
619 posts, read 2,159,316 times
Reputation: 261
Quote:
Originally Posted by runningncircles1 View Post
You are aware that Atlanta gained more people than any other metro in the country, aren't you? Oh yeah, sounds like it's SOOOO undesirable.
even when prices will eventually bottom out in So Cal they will still be a lot higher than national average?...why?....SUPPLY AND DEMAND!
I agree that there are lots of places in US that are more affordable where people have a higher quality of life than SoCal. But for some ppl there`s more to life than just being able to pay the rent/mortgage and eat.
Reply With Quote Quick reply to this message
 
Old 11-30-2008, 03:11 AM
 
Location: Denver Colorado
2,561 posts, read 5,786,267 times
Reputation: 2246
Think the prices are high in Cali; you could buy
yourself a parking spot in Vail for 500k
Reply With Quote Quick reply to this message
 
Old 11-30-2008, 03:28 AM
 
Location: Malibu/Miami Beach
1,069 posts, read 3,260,690 times
Reputation: 443
Quote:
Originally Posted by Scott5280 View Post
Think the prices are high in Cali; you could buy
yourself a parking spot in Vail for 500k
Gold Pass, $3,250
Reply With Quote Quick reply to this message
 
Old 12-02-2008, 09:34 PM
 
58 posts, read 161,182 times
Reputation: 28
Quote:
Originally Posted by slowbill View Post
Stop looking for the U.S. government your hope. True leadership comes from following the one and only King, Jesus the Christ. Pray to him not your political party.


and Bugs Bunny....
Reply With Quote Quick reply to this message
 
Old 12-02-2008, 10:20 PM
tew
 
Location: The Ranch, CO
209 posts, read 630,828 times
Reputation: 40
Quote:
Originally Posted by Scott5280 View Post
Think the prices are high in Cali; you could buy
yourself a parking spot in Vail for 500k

Good point. The houses are so pretty out there and I know the big ones are high $.
Reply With Quote Quick reply to this message
 
Old 12-03-2008, 08:34 AM
 
Location: RSM
5,113 posts, read 19,681,943 times
Reputation: 1927
Quote:
Originally Posted by Scott5280 View Post
Think the prices are high in Cali; you could buy
yourself a parking spot in Vail for 500k
except vail is a resort town. compare vail to lake arrowhead instead of socal and you have a better comparison
Reply With Quote Quick reply to this message
 
Old 12-10-2008, 02:17 AM
 
Location: Los Angeles, Ca
2,883 posts, read 5,866,508 times
Reputation: 2762
Quote:
Originally Posted by Charles View Post
So your explanation is So Cal became three times more desirable in nine years and most everywhere else became about 20%-50% more desirable in those same nine years? Is that what you are implying?

So I guess my next question is, why was So Cal one-third as desirable in 1997 than it was in 2006?
This I havent been able to understand. Where was everyone in the 90's?

Why didn't they flood the state when home prices were more in line with the national average cost of a home?

The weather has been the same, plus or minus a little bit. The summers have gotten hotter, it rains less. But basically the same.

The beaches have always been here.

The lure of Hollywood and entertainment has always been here. Actors were getting big paychecks in the 90's. Why would rent around Hollywood go up much faster than the opportunities there? Entertainment income hasnt gone up as fast as rent/cost of living.

Entertainment has been the same...lakers, dodgers (you use to be able to get to their games in a reasonable amount of time). Lakers in the 90's sucked for awhile, but when they got Shaq in the late 90's, LA was still borderline reasonable.

Seems like the rest of the world figured out so cal was the place to be....in 9 years?
Reply With Quote Quick reply to this message
 
Old 12-10-2008, 05:17 AM
 
Location: Las Flores, Orange County, CA
26,338 posts, read 93,407,924 times
Reputation: 17827
Quote:
Originally Posted by John23 View Post
This I havent been able to understand. Where was everyone in the 90's?

Why didn't they flood the state when home prices were more in line with the national average cost of a home?
Because for the most part, the salaries were also in line with the national average. The whole question (that I asked) is why did LA housing prices balloon so much more than everywhere else when the conditions in LA didn't change any more than anywhere else. The mortgages were about the same, the salaries didn't change dramatically, etc. Now we are seeing LA (and other cities' which had bubble increases) housing prices fall more than most everywhere else.
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:


Settings
X
Data:
Loading data...
Based on 2000-2020 data
Loading data...

123
Hide US histogram


Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > California > Orange County
Similar Threads

All times are GMT -6.

© 2005-2024, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top