tag:blogger.com,1999:blog-7514357.post61904703146364024..comments2024-02-25T08:16:25.546-08:00Comments on Exurban Nation: D-O-D: Decade-OMG-Decade EditionRob Dawghttp://www.blogger.com/profile/10042154106850545479noreply@blogger.comBlogger9125tag:blogger.com,1999:blog-7514357.post-2441783817710092992012-11-27T07:55:10.280-08:002012-11-27T07:55:10.280-08:00Hey Jim, good to see you sir.
What? Finally ra...Hey Jim, good to see you sir. <br /><br />What? Finally ran out of the coffee you won last time? What was that, 2007? <br /><br />I'll look at your bet and put up a post. as i recall you "won" the bet last time by a nose. One more month of declines and I'd have won. Looks like you might have a point though about 92310. Like any bet in real estate, let me do my due diligence. Rob Dawghttps://www.blogger.com/profile/10042154106850545479noreply@blogger.comtag:blogger.com,1999:blog-7514357.post-55402698153925503502012-11-27T06:00:50.189-08:002012-11-27T06:00:50.189-08:00Here is the link to redfun 92130 stats:
http://ww...Here is the link to redfun 92130 stats:<br /><br />http://www.redfin.com/zipcode/92130Jim the Realtorhttps://www.blogger.com/profile/16428042799393277439noreply@blogger.comtag:blogger.com,1999:blog-7514357.post-86618802907205376432012-11-27T05:59:13.691-08:002012-11-27T05:59:13.691-08:00No chance?
Would you like to place a wager on tha...No chance?<br /><br />Would you like to place a wager on that? How about a cup of coffee?<br /><br />The regional numbers are too noisy, fraud and deceit is everywhere, and case-shiller sucks.<br /><br />Let's pick a specific zip code.<br /><br />My assertion:<br /><br />Detached homes in 92130 will be back to 2006 pricing by September, 2014.<br /><br />Sept 2006: 32 sales, $370/sf.<br />Sept 2012: 43 sales, $326/sf.<br /><br />Glad to see EN is back!<br /><br />Jim the Realtorhttps://www.blogger.com/profile/16428042799393277439noreply@blogger.comtag:blogger.com,1999:blog-7514357.post-72473158776515266402012-11-26T22:45:33.803-08:002012-11-26T22:45:33.803-08:00I get more out of a half dozen thoughtful comments...I get more out of a half dozen thoughtful comments here than I do filtering a thousand random options on some other sites. Thank you all. Rob Dawghttps://www.blogger.com/profile/10042154106850545479noreply@blogger.comtag:blogger.com,1999:blog-7514357.post-69670581006060043322012-11-26T18:18:37.629-08:002012-11-26T18:18:37.629-08:00Yep, market is floating on the fact that the limit...Yep, market is floating on the fact that the limited number of capable buyers exceed the extremely limited inventory. Keep in mind "capable buyers" means all those yield-chasing investors out there, which hardly constitute a remotely normal buyer pool.<br /><br />There was an article the other day about wealthy Angelenos flipping high-end properties. We're definitely in an echo bubble.TJandTheBearhttps://www.blogger.com/profile/10735388072841457108noreply@blogger.comtag:blogger.com,1999:blog-7514357.post-5496787012987962032012-11-26T11:49:42.096-08:002012-11-26T11:49:42.096-08:00sm_landlord said...
Dunno, the FHA is still pu...sm_landlord said...<br /> Dunno, the FHA is still pumping money out there. If they keep it up for another five years, amazing things could happen. They're already making loans to serial deadbeats that blew up in the last bubble.<br /><br />FHA pumping won't make up for lack of increases in real wages, and for that matter, neither will QEx, Operation twist and Shout, <i>et al</i>Cinco-Xhttps://www.blogger.com/profile/15728355130009280564noreply@blogger.comtag:blogger.com,1999:blog-7514357.post-15112791920186604222012-11-26T11:43:22.954-08:002012-11-26T11:43:22.954-08:00I am sure it [metered inventory release] will not ...I am sure it [metered inventory release] will not work. Investor or occupier, there just is not enough demand. The price point for demand is also likely to ignite a rapid bubble. From that perspective limiting supply seems the safer course. Rob Dawghttps://www.blogger.com/profile/10042154106850545479noreply@blogger.comtag:blogger.com,1999:blog-7514357.post-79295011069848650692012-11-26T11:29:36.889-08:002012-11-26T11:29:36.889-08:00SM Landlord, I agree that it seems like inventory ...SM Landlord, I agree that it seems like inventory is being metered and that the market is being gamed in an attempt to keep prices high. I don't think it will work. I believe that location will become more and more important, it's wise to distinguish which market you are discussing as clearly as you can. Calvinball is not as predictable as I would like.Anonymoushttps://www.blogger.com/profile/10565272548229232728noreply@blogger.comtag:blogger.com,1999:blog-7514357.post-28653028650780035012012-11-26T11:07:19.676-08:002012-11-26T11:07:19.676-08:00" Within five years house prices would need t..." Within five years house prices would need to exceed peak 2006 prices and then continue to pace inflation. Not_going_to_happen."<br /><br />Dunno, the FHA is still pumping money out there. If they keep it up for another five years, amazing things could happen. They're already making loans to serial deadbeats that blew up in the last bubble.<br /><br />Also, as much as the local used house salespeople cry about lack of supply, there are houses coming on the market here in the off season. It's almost as if some thing or some one is is metering the supply. The market is being gamed, and not in a downward direction.<br /><br />sm_landlordhttps://www.blogger.com/profile/05240427561510825980noreply@blogger.com