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Ex-SD
16 years ago

Good analysis.
To show you

Good analysis.

To show you the results of all of this info……………I spent a couple of hours this morning scouring sdookup.com at various areas around San Diego. What’s really interesting is that many of the pictures for the houses and condos that have been for sale for over 90 days……………are EMPTY. How long before these owners are going to get tired of carrying these properties and lower their prices to whatever level it will take to get an offer?

HereWeGo
16 years ago
Reply to  Ex-SD

With all due respect, all
With all due respect, all charts and trend lines based on previous data are utterly meaningless at this point.

If Thornburg, an outfit that actually did its job properly during the boom (and has something like 53 delinquencies out of 35K+ jumbo loans,) if they can’t sell mortgages, no one can.

It’s a brand new ballgame.

Anonymous
Anonymous
16 years ago
Reply to  HereWeGo

What do we think about what
What do we think about what will happen at the upper end of the market (e.g. >1M homes) This index shows consistent price appreciation at the upper end.

Do we believe the underlying data?
Do we think it will last?

http://www.firstrepublic.com/lend/residential/prestigeindex/sandiego.html

Woodbury