patrick.net

StuckInBA - I've been watching the 10yr as well. It's quietly sneaking up.

"most of us Clownifornians would leap at the chance to get a decent place for $206K. "

Hey, I sold my rat-shack in Cambrian Park in May 2006 for $650K+ and bought a much much nicer place in Boise for $272K. Across the street from a nice golf course and riding stables - think Woodside on the cheap. Yes it's true that I could have rented cheaper here in Boise for a while but at least I bailed out of the sinking ship. My downside is much less here.

Going down 25% on $650K+ is a whole lot more loss than going down 10% on $272K. Those are my guestimates on price drops in Cambrian Park vs. Boise.

DairyQueen, I don't know what planet you're on but my house has easily lost 10% of its value over more than the last 12 months. At its peak it was worth $450K, it is barely worth $400K now. I own it outright so I'm not exactly losing sleep over it, but your ridicule is very very misplaced.

San Marcos, CA definitely not the boonies.

1986 construction single level, 3 bed, 2 ba 2 car garage. Pretty small back yard, nice open front yard. For privacy reasons I won't give the exact address out.

Well, it more than doubled in 5 years and wasn't even my best performing one just my favorite for living in.

San Marcos???? Donde esta San Marcos? How long a drive is that from SF???

Greenwich, CT??? How long a drive is that from SF???

DAiryQUeen Says:
will you guys admit you’re wrong?

Only if you admit that you don't understand statistics.

SP

I'm in San Diego. While San Francisco is fun to visit, I'll stay here.

So what tier 1 area do you live in to have such an atitude?

Last I check SF was but one area in California. Check DQs numbers for San Diego and you will see year over year decline, and we have all time record foreclosures. At a recent auction houses sold for 30-50% below peak values.

You sound like a really naive poster WealthyWoman who upon closer inspection of making the same claim was painfully shown that the 850K house in SF that she was being 'outbid' on was actually a $995K house 2 years ago.

~attitude

OK, since SF is out of my comfort zone I'll retreat on this one.

Saying San Diego doesn't have a significant economy seems a little bold to me, but we both share the same outlook for housing here so why argue the details.

DAiryQUeen Says:
SP - Prices are up much more than the 6.6% median claims. Prices in SF are up closer to 8-10% in the past 12 months.

Okay, FairyQueen, put it up. Post a few examples of same house sales that show this trend. Don't fuck about with medians. Show me specific properties.

Or else, go back to waving statistics that will convince only someone who is a bigger fool than yourself.

SP