Author Topic: When would be next housing Bottom?  (Read 97073 times)

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Offline irvinehomeowner

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Re: When would be next housing Bottom?
« Reply #1065 on: November 26, 2019, 11:04:45 AM »
If you have the Google news app on your phone, try searching for the article and usually you will get a free preview.  That has been my work around.

I think OCReg stopped doing the Irvine/Tustin articles because the net impact wasn’t very large.

LATime.com makes it seem flattish:

https://www.latimes.com/business/story/2019-11-22/southern-california-home-sales-jump

So not a large decrease in prices. Unless there are more drops in Quail Hill.
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Offline Mety

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Re: When would be next housing Bottom?
« Reply #1066 on: November 26, 2019, 03:33:24 PM »
There is no housing bottom. Just came out to be an attached condo like Delano from Eastwood is better than a true SFR in Quail Hill in terms of ROI. No driveway, no yard, and no true ownership of the land are all new standards now. But of course, life is not all about ROI so if you got money to buy an SFR, go for it. Enjoy the house. But don't be jealous of people who bought Delano. ;D

Offline irvinehomeowner

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Re: When would be next housing Bottom?
« Reply #1067 on: November 26, 2019, 04:34:22 PM »
There is no housing bottom. Just came out to be an attached condo like Delano from Eastwood is better than a true SFR in Quail Hill in terms of ROI. No driveway, no yard, and no true ownership of the land are all new standards now. But of course, life is not all about ROI so if you got money to buy an SFR, go for it. Enjoy the house. But don't be jealous of people who bought Delano. ;D

Elevator button!!
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Re: When would be next housing Bottom?
« Reply #1069 on: January 02, 2020, 08:27:28 PM »
What do you guys think of this take?
SoCal prices would be down in next decade.
https://www.ocregister.com/2020/01/02/prediction-home-values-will-drop-by-25-to-50-in-decade-ahead/?utm_source=facebook.com&utm_campaign=socialflow&utm_medium=social&utm_content=fb-ocregister&fbclid=IwAR1NIY8-5cBVtD8StLp6x8GiP_9SOt_AFYQNN-yuqIcnKXAT4q9w_g86kS0

Sure and I can also write an article that says that the market will be flat or up 25-50% in the next decade and justify it.  The reality is no one knows what the market is going to do, even next year let alone than 10 years from now.  This is what the phrase "take it with a grain of salt" applies especially when it comes from a mortgage broker.  haha
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Offline daedalus

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Re: When would be next housing Bottom?
« Reply #1070 on: January 02, 2020, 09:20:32 PM »
No better evidence that he's pulling this out of his arse than this:

3) With the skyrocketing cost of electricity, more than 50% of California homes will become self-contained, never to rely on PG&E, SCE or San Diego Gas and Electric again. It won’t be just solar power. Rather, it will be a new generation of home energy.

Is he suggesting a fair percentage of us will be installing Mr. Fusions to power our homes?  And within 10 years no less. 

Offline Liar Loan

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Re: When would be next housing Bottom?
« Reply #1071 on: January 31, 2020, 03:22:21 PM »
What do you guys think of this take?
SoCal prices would be down in next decade.
https://www.ocregister.com/2020/01/02/prediction-home-values-will-drop-by-25-to-50-in-decade-ahead/?utm_source=facebook.com&utm_campaign=socialflow&utm_medium=social&utm_content=fb-ocregister&fbclid=IwAR1NIY8-5cBVtD8StLp6x8GiP_9SOt_AFYQNN-yuqIcnKXAT4q9w_g86kS0

Sure and I can also write an article that says that the market will be flat or up 25-50% in the next decade and justify it.  The reality is no one knows what the market is going to do, even next year let alone than 10 years from now.  This is what the phrase "take it with a grain of salt" applies especially when it comes from a mortgage broker.  haha

My OC Reg workaround is no longer working.  What was the crux of his argument?

Offline shahshah

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Re: When would be next housing Bottom?
« Reply #1072 on: February 07, 2020, 06:22:33 AM »
what bottom, if anything the quarter before was slow but it was also traditionally slow. old neighborhoods have blown up this quarter. there is very little inventory in places like woodbridge, westpark, ranch, deerfield that doesn't back to a main street. even those comes have been setting records.

Offline irvinehomeowner

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Re: When would be next housing Bottom?
« Reply #1073 on: February 07, 2020, 07:58:56 AM »
Shhh.

The slowdowners are waiting for the price lag.
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Re: When would be next housing Bottom?
« Reply #1074 on: February 07, 2020, 08:16:59 AM »
what bottom, if anything the quarter before was slow but it was also traditionally slow. old neighborhoods have blown up this quarter. there is very little inventory in places like woodbridge, westpark, ranch, deerfield that doesn't back to a main street. even those comes have been setting records.

Money has rotated from housing to stocks.

Offline momopi

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Re: When would be next housing Bottom?
« Reply #1075 on: February 07, 2020, 08:55:41 AM »
No better evidence that he's pulling this out of his arse than this:

3) With the skyrocketing cost of electricity, more than 50% of California homes will become self-contained, never to rely on PG&E, SCE or San Diego Gas and Electric again. It won’t be just solar power. Rather, it will be a new generation of home energy.

Is he suggesting a fair percentage of us will be installing Mr. Fusions to power our homes?  And within 10 years no less. 


I donno how they came up with the 50% figure.  At current rate we won't reach the 50% any time soon.  Also building ZNE homes and actually achieving ZNE status are two different things.

Residential energy consumption is a big wildcard.  Someone who is away working all day, comes home and sleeps early will consume far less energy vs family with teenagers that stay up late gaming on their overclocked PC's.  Or grandma who stays home and watch Korean drama on 60" TV all day with AC or Heater running.

 

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