Re: Ummmmm?

On 23 Oct 2006 15:25:28 -0700, "Michael" <spoonermichael@[EMAIL PROTECTED]
>
wrote:

>The Odd Stray wrote:
>> On 20 Oct 2006 12:10:50 -0700, "Michael" <spoonermichael@[EMAIL PROTECTED]
>
>> wrote:

>> In SoCal, it's cra****n' and burning'   The homeowners just haven't yet
>> found out    :-(
>
>Frankly I don't believe current sales in the SD backcountry are
>terribly relevant to the SD real estate picture in the main and
>represent only a fraction of total sales anyway..  Skyrocketing oil
>prices have sparked a dramatic downturn in sales of homes where
>prospective homeowners face having a long and therefore very expensive
>commute.  OTOH with the current glut of oil worldwide and corresponding
>falling fuel prices it is possible that the market may recover somewhat
>in the sticks, depending on how low fuel prices remain relatively low.
>Typically country property is the last to recover from even a minor
>funk in the housing market. So what I'm saying is that with the current
>gentle drop-off in the SD urban housing prices, since it's much worse
>in the backcountry, now is FS the time to buy so go for it!
>
>Or, is this person you talked to referring to two vs. 40 K sales in the
>market in general?  If so these sales figures sound a bit, or should I
>say massively overstated. Two people in my rather small office alone
>have sold their homes in the past month or so, soooooooooo I dunno?
>Guess I need to do my own research. Could a single person really deal
>with 40K real estate transactions even in a year?  Hmmmm? 

The numbers were for her office, with 30 employees.

I agree that the real estate market in the SoCal backcountry has
suffered somewhat from the rise in commute prices.  But if there was
no reasonably-priced available real estate "inside" the backcountry
(as there  hadn't been for some time previous) then the fuel prices
wouldn't have been able to affect the real estate market for the
backcountry.

An additional anecdotal evidence ... just last evening we heard the
tail end of an ad for condos in La Jolla starting at $2 Grand.  If
anyone had asked me two minutes earlier, I'd have guessed that the
meanest, poorest condo in La Jolla would have been going for $6 Grand.
And La Jolla is in the midst ... not the backcountry.


Odd - "glad our investment is small enough that no amount of c'in or
b'in will ruin us" girl