Comments on: A Parallel Universe http://sandiegohomeblog.com/2007/04/30/a-parallel-universe/ A San Diego Real Estate Web Log Fri, 30 Jul 2010 07:03:29 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: Steve Berg http://sandiegohomeblog.com/2007/04/30/a-parallel-universe/comment-page-1/#comment-84712 Steve Berg Sun, 06 May 2007 21:35:15 +0000 http://sandiegohomeblog.com/2007/04/30/a-parallel-universe/#comment-84712 Brian - Well said. We shall see. Brian – Well said. We shall see.

]]> By: Brian Brady http://sandiegohomeblog.com/2007/04/30/a-parallel-universe/comment-page-1/#comment-84289 Brian Brady Sun, 06 May 2007 00:22:55 +0000 http://sandiegohomeblog.com/2007/04/30/a-parallel-universe/#comment-84289 Steve: The last years of the first decade of the new millenium in San Diego will be described as the "Tale of Two Cities". One city thrives because it is chased by cash-heavy buyers looking for a lifetstyle. The other city acts like the rest of the real estate market because of its affordability. That feature is gone. Exacerbate the softening with overleverage, and the decline will be steeper. So, we can go into a deep recession and certain markets will thrive while others are decimated. An opportunity for the well-landed gentry to parlay their equity into some good investment properties these next 2-4 years? Steve:

The last years of the first decade of the new millenium in San Diego will be described as the “Tale of Two Cities”.

One city thrives because it is chased by cash-heavy buyers looking for a lifetstyle. The other city acts like the rest of the real estate market because of its affordability. That feature is gone. Exacerbate the softening with overleverage, and the decline will be steeper.

So, we can go into a deep recession and certain markets will thrive while others are decimated. An opportunity for the well-landed gentry to parlay their equity into some good investment properties these next 2-4 years?

]]> By: Steve Berg http://sandiegohomeblog.com/2007/04/30/a-parallel-universe/comment-page-1/#comment-84273 Steve Berg Sat, 05 May 2007 23:48:31 +0000 http://sandiegohomeblog.com/2007/04/30/a-parallel-universe/#comment-84273 Eric - To the contrary, I am paying attention and I am studying the trends almost daily. Trying to predict the future is tricky and trends can change. But I base my forecast on empircal data; Data that I observe and study almost every day. We are already almost two years into this downturn with a relatively modest adjustment in sales prices (5%-8% on average). By this time in 1992, we were already down by 20%, or more. We appreciate comments from everyone, but you hurt (destroy) your own credibility by making wildly speculative comments without any evidence to support your position. Just your saying it does not make it so. But I guess you do have a 50/50 chance... Eric – To the contrary, I am paying attention and I am studying the trends almost daily. Trying to predict the future is tricky and trends can change. But I base my forecast on empircal data; Data that I observe and study almost every day. We are already almost two years into this downturn with a relatively modest adjustment in sales prices (5%-8% on average). By this time in 1992, we were already down by 20%, or more. We appreciate comments from everyone, but you hurt (destroy) your own credibility by making wildly speculative comments without any evidence to support your position. Just your saying it does not make it so. But I guess you do have a 50/50 chance…

]]> By: Eric Estrada http://sandiegohomeblog.com/2007/04/30/a-parallel-universe/comment-page-1/#comment-83723 Eric Estrada Fri, 04 May 2007 14:01:16 +0000 http://sandiegohomeblog.com/2007/04/30/a-parallel-universe/#comment-83723 If you dont think this will be worse than the 89-96 drop you are not paying attention. Bigger the boom, bigger the bust. You will remember I told ya so in October. If you dont think this will be worse than the 89-96 drop you are not paying attention. Bigger the boom, bigger the bust. You will remember I told ya so in October.

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