Just read an article about the drop. Is that true?
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Today's news in SDUT for your reading pleasure.
https://www.sandiegouniontribune.com/business/real-estate/sd-fi-price-reductions-20181123-story.html#nt=oft02a-1li3
PS - If I recall reading a research report, last recession or indications of recessions started in SD...
"Obama led us out of the 2008 nightmare into robust growth,"
BAHAHAHAHAHAHAHAHAHAHA!!!!!!!!!!!!!!
Obozo kept his boot on the neck of the economy is more like it.
Guy was a condescending control freak, a social engineering egomaniac.
Good riddance. Housing markets rise and fall. Safe bet California real
estate will ALWAYS be valuable. So many fools love to move here and
then start voting like fools too. The concern is what the drunk on power
democrats want to do to prop 13. Circling it like wolves around a lamb.
Time to sell before the market crashes. Better to rent and be debt free than be upside down $100,000 plus in a house with no job.
Bad times are coming soon.
This is not the metaphor.
This forum went through the same discussion in the past during the RIF's. Guy, Q contribution is a drop in the ocean for SD GDP and/or housing market. There are other factors that might/will contribute to the crash/downtrend which others have already mentioned. Q has managed to portray itself as a cool company so far, but not anymore I guess.
QGuys in need to think outside the box instead of reinventing the same chips indifferent forms and shapes and not be obnoxious. Its like mixing different curry masala's and creating a new one. It will take you only so far. You guys need to invent new dish instead but are you skilled enough ?
Past is gone and reality is here.
The biggest factor is the tax cut that was made law. It eliminated the deduction for the interest on home equity loans. Looks like a lot of people that were investing in real estate are getting out of the market because of the elimination of tax cuts for the average person. The tax cuts really screwed people over.
Zillow on my house sees a drop of 15K over the last few months. This could be seasonal along with rising interest rates. It is not that big a correction as well. Demand in San Diego/Bay area is high. The availability of funds from stock market may reduce due to big drop in Share Market. Housing by far is the safest option. As someone said, for those waiting to buy, the next year is a good opportunity before the bull picks up in 2+ years again
Nonsense. I recommend taking a loan on all home equity to buy more real estate while it is still affordable.
To become rich you have to leverage your wealth all the time to become truly wealthy.
Yes, of course housing prices are dropping. That has been in the works for a while now. Market was WAY over-inflated with demand far outweighing supply. This is why rents are so high these days, landlords have been free to charge what they will, thanks to heavy demand. But just like the stock market and the economy itself, nothing lasts forever. Markets rise and they fall. Obama led us out of the 2008 nightmare into robust growth, Trump kept that going for another year via the tax cuts. But the expansion is over, the slide toward recession has begun. Same with housing, which will return to normal in fairly short order. If you were looking to unload your house at 30% above true market value, better list fast!
Yes, month over month. But Q is such a small part of the SD economy that it can’t hurt the market by itself. Rising interest rates on the other hand...