Comments on: San Diego Real Estate Prices – A Mixed Bag http://www.brokerforyou.com/brokerforyou/san-diego-real-estate-prices-a-mixed-bag.html San Diego real estate market blog - San Diego real estate market 'Inside' views & opinion Tue, 31 Aug 2010 19:17:18 +0000 hourly 1 http://wordpress.org/?v=3.0 By: Bonita CA real estate http://www.brokerforyou.com/brokerforyou/san-diego-real-estate-prices-a-mixed-bag.html/comment-page-1#comment-80466 Bonita CA real estate Fri, 07 Aug 2009 18:41:35 +0000 http://www.brokerforyou.com/brokerforyou/?p=1401#comment-80466 Housing is nowhere near bottom. It has at least 20% more to fall to become "reasonably" priced. This is why I know housing is nowhere near bottom. There's still people like this who believe housing can only go up - any downturn is just a hiccup. Heck, genius Cramer even called a bottom in 2007!!! I'm getting real tired of every pollyanna trying to call the housing bottom. Here's an easy way to tell we have reach normal, sustainable pricing: 1) I by a property with 20% cash down, no fudging on this amount of any kind or assistance. 2) I rent said property to a tenant at a market rate 3) I have positive cash flow day one after P.I.T.I and associated costs Until that day is reached (and we are no where near it) we are no where near a bottom. Period.... End of story. <strong><em><a href="http://www.bonitarealestateagent.info/">Bonita Real Estate Agents</a></em></strong> Housing is nowhere near bottom. It has at least 20% more to fall to become “reasonably” priced.
This is why I know housing is nowhere near bottom. There’s still people like this who believe housing can only go up – any downturn is just a hiccup. Heck, genius Cramer even called a bottom in 2007!!!

I’m getting real tired of every pollyanna trying to call the housing bottom. Here’s an easy way to tell we have reach normal, sustainable pricing:

1) I by a property with 20% cash down, no fudging on this amount of any kind or assistance.

2) I rent said property to a tenant at a market rate

3) I have positive cash flow day one after P.I.T.I and associated costs

Until that day is reached (and we are no where near it) we are no where near a bottom.

Period…. End of story.

Bonita Real Estate Agents

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