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Old 05-25-2016, 09:42 PM
 
22,653 posts, read 24,571,809 times
Reputation: 20319

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This one is different and the "bubble" prices and "bubble" increases may just be the new norm. There is a dynamic at work....institutions with BIG money, foreign investors and very sophisticated flippers....that just may have changed the US RE-markets, permanently.
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Old 05-25-2016, 09:54 PM
 
Location: NM
86 posts, read 92,553 times
Reputation: 203
∆ I hope not. All I can do is focus on my work and my plans to try to make things happen. I try not to think of that kind of thing because it gets me angry. I'm from here and I love it here, but I can't help feeling cynical sometimes as I watch how it's changed.
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Old 05-25-2016, 10:02 PM
 
2,986 posts, read 4,574,825 times
Reputation: 1664
Glad I bought my choza while I could still afford it
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Old 05-25-2016, 10:14 PM
 
Location: NM
86 posts, read 92,553 times
Reputation: 203
Nice. I'm 25 so that opportunity hasn't really been there for me just yet. I suppose I could have bought in 2013. I was in the oilfield at the time and the money was nice. I'm at Nassco now and the pay is less but comparable. The prices have just risen too much. All the dudes I work with who bought did so years ago.
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Old 05-25-2016, 11:00 PM
 
1,442 posts, read 1,567,042 times
Reputation: 850
El Cajon is turning into Little Baghdad meets Logan Heights. Still it's not as bad as more crime ridden parts of SD and new construction may gentrify parts like what happened to Santee over last few years. If I had to buy and live in East SD County, I'd buy on Mt Helix La Mesa that's a nice beautiful area.
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Old 05-25-2016, 11:20 PM
 
9,525 posts, read 30,465,926 times
Reputation: 6435
Quote:
Originally Posted by tickyul View Post
There is a dynamic at work....institutions with BIG money, foreign investors and very sophisticated flippers....that just may have changed the US RE-markets, permanently.
Bingo.
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Old 05-25-2016, 11:38 PM
 
Location: San Diego
1,536 posts, read 1,482,253 times
Reputation: 1586
Quote:
Originally Posted by tickyul View Post
This one is different and the "bubble" prices and "bubble" increases may just be the new norm. There is a dynamic at work....institutions with BIG money, foreign investors and very sophisticated flippers....that just may have changed the US RE-markets, permanently.

LOL! I remember your ilk from 2005.

Have you heard? They aren't making any more land. LOL!
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Old 05-25-2016, 11:41 PM
 
Location: San Diego
1,536 posts, read 1,482,253 times
Reputation: 1586
Quote:
Originally Posted by Sassberto View Post
Bingo.

Bull****.

Government subsidized low interest rates. BINGO!
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Old 05-26-2016, 12:47 AM
 
1,442 posts, read 1,567,042 times
Reputation: 850
Too many Wall Street banks buying up inventory withold from market keeps supply low and prices high.
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Old 05-26-2016, 09:33 AM
 
Location: Santaluz - San Diego, CA
4,498 posts, read 9,380,591 times
Reputation: 2015
Long time since I've visited this board. But I agree prices are very high now. In some areas almost back up to peak pricing. Here in my hood of Santaluz, there are something like 58 houses for sale on the market and more going up almost weekly. I have several friends that have listed as they don't believe prices will go up much further.

Someone mentioned cheaper rents but at least in my neighborhood, rents are just as high (and in some cases higher) than a mortgage. All kinds of 4 and 5 bedroom houses here renting for $6,000+ per month. One of my neighbors upgraded and bought a bigger house here in Santaluz and had their old house for sale but took it off the market as they got a lease for $6,300 for a two year lease.

I agree the low interest rates are helping fuel prices going up but I also agree this time the scenario is much different from banks just handing out money to anyone with a pulse. That still doesn't mean there couldn't be a big correction in the future. My philosophy on real estate is don't buy more than what you can comfortably afford. And buy for the long-term. And buy in a desirable and upscale area where the rental demand is high. I own lots of real estate and following those principles, I've always done well. No matter what country I'm buying in and no matter what stage of the real estate cycle they are in.
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