http://dreamhomesmagazine.wordpress.com/2008/04/04/doom-gloom%e2%80%a6all-the-way-to-the-bank/ Dream Homes Southern California Million Dollar Homes For Sale Real Estate Fri, 04 Dec 2009 23:33:07 +0000 http://wordpress.com/ hourly 1 http://dreamhomesmagazine.wordpress.com/2008/04/04/doom-gloom%e2%80%a6all-the-way-to-the-bank/#comment-42 Jonny Wonder Tue, 17 Jun 2008 19:52:08 +0000 http://dreamhomesmagazine.wordpress.com/?p=11#comment-42 There are two sides to this story, however. In places like La Jolla and Pacific Heights of San Francisco, you're dealing with niche homes where land actually is in short supply. Places like Seattle and Silicon Valley actually are seeing declines in home prices where the fundamentals had been disconnected from 2005 on. La Jolla is in its own right, as it appeals only to .00001% of the population. Condo prices in San Francisco are dropping, home prices in The Bay Area, San Diego, and LA are dropping, and the only places that aren't are places that are only inhabited by executives who are price inelastic. There are two sides to this story, however. In places like La Jolla and Pacific Heights of San Francisco, you’re dealing with niche homes where land actually is in short supply. Places like Seattle and Silicon Valley actually are seeing declines in home prices where the fundamentals had been disconnected from 2005 on. La Jolla is in its own right, as it appeals only to .00001% of the population. Condo prices in San Francisco are dropping, home prices in The Bay Area, San Diego, and LA are dropping, and the only places that aren’t are places that are only inhabited by executives who are price inelastic.

]]> http://dreamhomesmagazine.wordpress.com/2008/04/04/doom-gloom%e2%80%a6all-the-way-to-the-bank/#comment-39 Lynn Buchholz Mon, 19 May 2008 20:33:54 +0000 http://dreamhomesmagazine.wordpress.com/?p=11#comment-39 Your article caught my eye - but maybe not for the right reasons. When calculating percentage increases, it's important to do the calculation accurately, and unfortunately, the author of this article needs some help. If the average home price went up from $763,500 in 1997 to $2,408,900 in 2007 - that's a 12% average increase per year. Not bad, but certainly, not a 315% increase. (Even if it was just a one-year increase - it still isn't a 315% increase!)Rates of return should be given on an annual basis - or ou are misleading the customer. Your article caught my eye – but maybe not for the right reasons. When calculating percentage increases, it’s important to do the calculation accurately, and unfortunately, the author of this article needs some help. If the average home price went up from $763,500 in 1997 to $2,408,900 in 2007 – that’s a 12% average increase per year. Not bad, but certainly, not a 315% increase. (Even if it was just a one-year increase – it still isn’t a 315% increase!)Rates of return should be given on an annual basis – or ou are misleading the customer.

]]> http://dreamhomesmagazine.wordpress.com/2008/04/04/doom-gloom%e2%80%a6all-the-way-to-the-bank/#comment-38 Sam Smith Thu, 01 May 2008 14:13:06 +0000 http://dreamhomesmagazine.wordpress.com/?p=11#comment-38 I just attended the LuxuryRealEstate.com conference this year in San Diego and the keynote speaker Ben Stein summed it up very well. You buys things when they are "on sale". Right now properties are "on sale". Would you rather pay for properties at a high price or when they are "on sale". All the buyers they are waiting for the bottom will never realize when this happens and will end up paying a lot more for properties than the smart buyers who are buying now at huge discounts. I preach this often on my San Clemente Real Estate Blog at www.bclh.com/blog. Let's go buy some real estate! I just attended the LuxuryRealEstate.com conference this year in San Diego and the keynote speaker Ben Stein summed it up very well. You buys things when they are “on sale”. Right now properties are “on sale”. Would you rather pay for properties at a high price or when they are “on sale”. All the buyers they are waiting for the bottom will never realize when this happens and will end up paying a lot more for properties than the smart buyers who are buying now at huge discounts. I preach this often on my San Clemente Real Estate Blog at http://www.bclh.com/blog. Let’s go buy some real estate!

]]> http://dreamhomesmagazine.wordpress.com/2008/04/04/doom-gloom%e2%80%a6all-the-way-to-the-bank/#comment-34 Marisa M. Mon, 07 Apr 2008 18:07:42 +0000 http://dreamhomesmagazine.wordpress.com/?p=11#comment-34 I agree with the last post. The media has blow this out of proportion. This article does a good job of showing the return on investmest that real estate has yielded over the years. I own a few homes in the area and I see now as a great time to purchase a few more. While the rest of the country is in a panic now is a time to take full advantage and purchase some under-valued properties. I also agree with the comment about comparing the growth in the stock market to the growth in value of homes in La Jolla or other high-end communities. It is not even close. I agree with the last post. The media has blow this out of proportion. This article does a good job of showing the return on investmest that real estate has yielded over the years. I own a few homes in the area and I see now as a great time to purchase a few more. While the rest of the country is in a panic now is a time to take full advantage and purchase some under-valued properties. I also agree with the comment about comparing the growth in the stock market to the growth in value of homes in La Jolla or other high-end communities. It is not even close.

]]> http://dreamhomesmagazine.wordpress.com/2008/04/04/doom-gloom%e2%80%a6all-the-way-to-the-bank/#comment-33 Lloyd C. Mon, 07 Apr 2008 17:59:39 +0000 http://dreamhomesmagazine.wordpress.com/?p=11#comment-33 Nice article Dream Homes! I am so sick of hearing about how real estate prices are plummeting. I have lived in La Jolla for years and i see this blowing over just like all the past recessions. The house values are steady from what i have seen in the community. A few cities like Stockton and Detroit seem to give a "doom and gloom" feeling to the rest of the nation. It is refreshing to see a publication finally stand up and tell it how it is. Take care. Nice article Dream Homes! I am so sick of hearing about how real estate prices are plummeting. I have lived in La Jolla for years and i see this blowing over just like all the past recessions. The house values are steady from what i have seen in the community. A few cities like Stockton and Detroit seem to give a “doom and gloom” feeling to the rest of the nation. It is refreshing to see a publication finally stand up and tell it how it is. Take care.

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