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''YOU caring the burden that they're wiggling out from under.''
Dude they paid me 623K for a 1800 sq ft 2 story cookie cutter home at the peak. I originally paid a bit over 200k in 2000. How is that for delightful? Taking my time shopping now. What's up with all the bitter bag holders?
So I guess you are going to move back into your old place, after you pay all cash at the decade old price and then live out the rest of your life on your $200K nest egg? Sounds dreamy.
Well there's a buying boom in California right now, so things may turn around sooner than you think. Real Estate like economy is cyclical. Human overreaction due to emotion and artilcles like this cause the cycle. Buy now or miss the sale in real estate and stocks.
Excuse Me!!!! I am in So. California right now and if this is what you call a boom ! All i am seeing is a big Bang BOOOOOM going in the opposite direction . PLEASE tell me where the prices and sales are going up????
''So I guess you are going to move back into your old place, after you pay all cash at the decade old price and then live out the rest of your life on your $200K nest egg? Sounds dreamy. ''
Gee I guess I should have listened to pros like you and held on that old place and watched the value go under. Yeah nice game plan. Hate the game not the player pal.
Certain areas of San Diego County are fairly strong - one area is Carlsbad.
Resales are numerous - and the softer prices and interest rates are making properties much more attractive
Excuse me ! If thats true , then why are my Realtor friends in Carlsbad, San Digeo, and Luguna Hills to name a few doing so many UCC-1 Filings for people loosing their homes to foreclosure ?
Check out the latest report for North County San Diego.
North County's housing market (http://www.nctimes.com/articles/2008/12/12/business/z483e66d6cb57bda28825751c0072c1e1.txt - broken link)reversed course last month, dampening the possibility of a pending recovery from slow sales and falling prices. A monthly housing report released Thursday showed the sales boom of September and October had softened and prices plummeted at an alarming rate.
The median price of a house in North County took an absolute beating, dropping 12 percent in just one month. That brought the median price in November to 40 percent below the same month a year ago, dropping to $358,000.
Sales were up just 32 percent from a year ago after two straight months of sales that were double the weak 2007 numbers.
North County has been mired in a severe housing recession for two years with anemic sales and tumbling prices. Strong sales numbers in September and October had provided a glimmer of evidence that price declines might be nearing an end. Thursday's report, released by the North San Diego County Association of Realtors, debunked that idea.
"Unemployment is skyrocketing, expectations about the economy are falling and I would suggest people are becoming somewhat more cautious about purchasing," said Mark Goldman, a real estate lecturer at San Diego State University.
Still, price declines appeared to be very real. The median price per square foot, which adjusts for the size of the house, also tumbled ---- falling by 8 percent in just one month and down 30 percent from last year. Such a dive in prices set records in the four-year-old survey for biggest drops in median price and median price per square foot. It was also the first time in the history of the report, known as HomeDex, that the median price per square foot dipped below $200, declining to $196.
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