A sampling of recent home sales, while rolling down the highway…
Jim the Realtor
Jim is a long-time local realtor who comments daily here on his blog, bubbleinfo.com which began in September, 2005. Stick around!
A sampling of recent home sales, while rolling down the highway…
Amazing, absolutely amazing. SDRE seems like the stock market, defying the very laws of nature in it’s march skyward.
Wow, I remember that place in O’Side. $300k?! Sounds like some pent up buyers out there for sure.
I guess the recent national unemployment percentage doesnt reflect good ole San Diego. Wonder how long this will ride out for.
TJ, what do you mean by defying the laws of nature?
You think your cash is going to get you some quality real estate after the powers that be get done dealing with the debt overhang?
Kingside,
What makes you think TPTB *can* deal with the debt overhang?
Irvine Spectrum love the Veggie Grill place there. Drive up every other week just to have a Veggie burger. Damn, I miss living in Orange County. Used to live in Irvine and their market is just as hot or even hotter then Carmel Valley.
TJ,
You don’t think TBTB are devaluing the dollar, just a little?
So you think QE2 will be the end of it?
QE to infinity. Inflation will come hard and fast not that it hasn’t already.
Time to raise interest rates and as Greenspan would say “take the punchbowl away”. People are buying houses because they can’t get a decent return from bank CDs or bonds.
Kingside, they’re destroying the dollar.
shadash, they can’t take the punchbowl away.
Which gets back to my original question TJ,
Why are you so amazed that folks are prefering San Diego Real estate over the dollar?
Jimmy,
next time you do a video in the car, could you invest in a optical stabilizer for the camera? I was getting carsick watching the video.
Could the dizziness I was experiencing be serving as a metaphor for the recent real estate activity you have witnessed?
Why are you so amazed that folks are prefering San Diego Real estate over the dollar?
It’s like jumping out of the fire and back into the frying pan — the fundamentals for both are lousy (IMHO).
It’s obvious inflation is on the horizon if not already here hence the flight to hard assets, i.e., real estate, physical gold and silver.
Protect your own.
Yep inflation is already here. I’ve got money in gold and silver already and have been looking for my investment property although I don’t expect house prices to imcrease anytime soon. I do think this season will be HOT because everyone wants to get in before rate rises and inflation hitting.
Thanks for the update on olive, I stopped by the open house out of curiosity and heard about the multiple offers. My guess was $280 tops, and I know the pricing around there quite well.