To me it seems like all the cities that had hyper-appreciation of real estate values from 2000 through 2005 are now really taking some major value declines.
Here in San Diego, I subscribe to: http://www.brokerforyou.com/brokerforyou This San Diego real estate publishes a real tell-it-like-it-is blog. His 12-31-07 post Real Estate Market Predictions for San Diego in 2008 is a realistic idea about what this year will hold for not only San Diego, but, all the cities that had hyper-inflation.
It was absolutely insane, IMO. And I said that from the moment that the cheapest real estate here started going for $400K-$500K.
Who can afford that? People obviously make a go of it, but I don't see how you can run an economy when people are putting 2/3rds of their income in to mortgage payments.
I write this assuming you actually thought my one sentence post was interesting and aren't just trolling for "brokerforyou.com".
Interesting post.
ReplyDeleteTo me it seems like all the cities that had hyper-appreciation of real estate values from 2000 through 2005 are now really taking some major value declines.
Here in San Diego, I subscribe to: http://www.brokerforyou.com/brokerforyou This San Diego real estate publishes a real tell-it-like-it-is blog. His 12-31-07 post Real Estate Market Predictions for San Diego in 2008 is a realistic idea about what this year will hold for not only San Diego, but, all the cities that had hyper-inflation.
It was absolutely insane, IMO. And I said that from the moment that the cheapest real estate here started going for $400K-$500K.
ReplyDeleteWho can afford that? People obviously make a go of it, but I don't see how you can run an economy when people are putting 2/3rds of their income in to mortgage payments.
I write this assuming you actually thought my one sentence post was interesting and aren't just trolling for "brokerforyou.com".
Which, frankly, seems unlikely.
ReplyDeleteBut I guess I should be excited the spambots have found me.