Housing market

Analysis of the (primarily) San Diego housing market.

The Madness of Crowds

Submitted by Rich Toscano on April 18, 2005 - 10:17pm
Yesterday the UT ran a story concerning the rampant condo speculation that continues to infest our fine city. I highly recommend reading it if you haven't done so already.

The various data (e.g. the fact that 37% of 2004 condo conversion buyers were speculators) is very interesting, if not terribly surprising. The interviews, on the other hand, are just jaw-dropping, as they really hammer home the enormous amount of money being spent on the basis of threadbare and entirely emotional analysis.

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Cuckoo For Condo Gluts

Submitted by Rich Toscano on April 3, 2005 - 10:20pm
The recent San Diego Daily Transcript article about condos in Downtown San Diego contains some frightening statistics...
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Speculation Nation

Submitted by Rich Toscano on March 1, 2005 - 10:22pm
For all the ink that is being spilled about speculation on the part of real estate investors, very little attention is paid to the "stealth speculation" perpetrated by people who, anticipating big equity gains, stretch themselves to the limit to purchase their own homes. This article examines both types of speculation, as well as the ugly aftermath should the expected gains fail to materialize.
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Everybody Wants to Live in San Diego

Submitted by Rich Toscano on February 8, 2005 - 10:23pm
For the first time since the mid-90s, San Diego County experienced a net out-migration from July 2003 to July 2004. So why are home prices going up? Because this real estate market is not being driven by fundamentals... yet.
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