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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Jon Tara who wrote (55460)6/27/2000 1:36:00 PM
From: Tunica Albuginea  Respond to of 99985
 
Jon Tara, thanx for " the expensive homes in San Diego " info.

Consider e-mailing copy of your post to Alan to complement
the very detailed reports he gets from BLS

:-)

TA

Message #55460 from Jon Tara at Jun 27, 2000 1:24 PM ET
Tunica, try and RENT a house or apartment here in San Diego.

GOOD LUCK!

A friend bought a condo in a not-so-good area 6 months ago for $150,000. He just listed it at $250,000. Indications are that he will get what he is asking.

Unemployment here is 2%. And that's with an ample supply of illegal Mexican workers.

The housing supply here is severely constrained. (Although the largest single housing development in U.S. history is now underway in the South Bay area.)

Maybe it is a local distortion, but what *I* am seeing is completely consistent with the statistics.



To: Jon Tara who wrote (55460)6/27/2000 1:44:00 PM
From: sam_o  Read Replies (2) | Respond to of 99985
 
JON

I have a friend in real estate who says the ONLY problem with this market in this Newport Beach area is there is NO inventory. No, nada, nothing to sell, there's a line of buyers and renters.....
And that's with little inflation too!!<ggg>
I'm thrilled with my properties appreciation.... I remember 1993, 83, 73, Oh well, age cure most, and adds others. Smile, as my mom would say....it could be worse!

Sam O