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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: Colin H who wrote (31002)4/20/2005 6:00:29 PM
From: ild  Read Replies (1) | Respond to of 110194
 
If you have a new condo for, say, $600,000 which appreciates $150,000 per year you just don't want to rent it out. After being rented for a year it won't be "new", so it will lose more in value than the whole yearly rent. My guess many speculators think that they will be able to sell before the music stops. I wish them luck. They will need it.



To: Colin H who wrote (31002)4/20/2005 9:49:17 PM
From: Ramsey Su  Respond to of 110194
 
The HOAs are going to be one bloody mess in the near future.

San Diego simply has NO experience handling so many high rises. During the last round, there were only a handful of projects such as the old One Harbor Dr, the Meridian, Brittany Towels.

Financing is also going to be a big problem if developers cannot sell out the phases to enough owner occupants.

I am salivating at the up coming opportunities but not sure how it is going to play out. Downtown land is sooooooo expensive now that it practically requires a free fall for it to make any economic sense.



To: Colin H who wrote (31002)4/21/2005 6:13:53 PM
From: piggington  Read Replies (2) | Respond to of 110194
 
I believe that these are just resale condos. Most of the new stuff just gets sold directly by developers, not listed in MLS, so it doesn't make it into that guy's chart.

I could be wrong but that's my understanding. I think the chart is useful primarily for determining directional trends.

rich