2006-07-09 16:08:50 · 6 answers · asked by riveraal2000 1 in Business & Finance ➔ Renting & Real Estate
Southern California
2006-07-09 16:15:44 · update #1
When They start making land again
2006-07-09 16:12:37 · answer #1 · answered by wrench'n away 3 · 0⤊ 0⤋
When will it crash is really tough to answer because it usually caused by something that nobody can foresee.
Like stock market who can tell what the Dow Index will be by the end of 2006 or 2007? Who can tell when the stock market will be 30% lower or 100% higher.
It is an unexpected incident that change the demand.
May be a terror attack on Sear Towers that scare people away from Chicago, a Tsunami flush the NYC causing people to think if there is any safe place to invest; or Citibank file bankruptcy that shock the whole world.
What people expect usually will not impact that much, but a sudden event and the ripple.
2006-07-11 20:05:19 · answer #2 · answered by Kin Tsui 4 · 0⤊ 0⤋
Many previous answerers have told you the price will go down when they make more land.
You may think this is an intelligent answer.
The real answer is prices will go down when the value of the dollar is radically altered.
Or when less people want to rent.
Their answer is only partly correct. For 400 bonus points, see if you can see what circumstances might arise that would make space less profitable to rent...
Think outside the boxes.
2006-07-09 16:41:51 · answer #3 · answered by Anonymous · 0⤊ 0⤋
When the supply goes up (many houses to buy) and the demand goes down (not enough buyers).
2006-07-09 16:16:31 · answer #4 · answered by psi2006 4 · 0⤊ 0⤋
The high was set last Summer...since than they have been slowly going down.
Keep in mind...........
Times and markets are changing!
In California with average homes selling well over $500,000, a 20% decline is $100,000! In any market 'timing is everything'! So, could you afford a loss of 25% of your investment all because of poor timing???
This last up cycle was 10 years in many parts of the country. The downcycle now started in CA, Wash DC, NYC, Vegas and other hot areas of the past are all soft and getting softer.
From 1990 to 1996, the average home in San Diego lost 20% of its' value! The cycle we are now enterng looks like it could well exceed that on the downside!
With all the 100% financing, interest only loans, EZ qualifing etc...even a slight decline will cause many to be unable to sell for the amount due on their loans!
For some great 'insider' articles on the San Diego real estate market, which I believe will apply to any of the hot real estate markets of the past five years.....visit:
Times and markets are changing!
In California with average homes selling well over $500,000, a 20% decline is $100,000! In any market 'timing is everything'! So, could you afford a loss of 25% of your investment all because of poor timing???
This last up cycle was 10 years in many parts of the country. The downcycle now started in CA, Wash DC, NYC, Vegas and other hot areas of the past are all soft and getting softer.
From 1990 to 1996, the average home in San Diego lost 20% of its' value! The cycle we are now enterng looks like it could well exceed that on the downside!
With all the 100% financing, interest only loans, EZ qualifing etc...even a slight decline will cause many to be unable to sell for the amount due on their loans!
For some great 'insider' articles on the San Diego real estate market, which I believe will apply to any of the hot real estate markets of the past five years.....visit:
http://www.downtown-san-diego-real-estate.com/san-diego-real-estate-article-index.htm
http://www.brokerforyou.com
http://www.san-diego-for-sale-by-owner.com
http://www.la-jolla-ca-del-mar-san-diego-real-estate-encinitas-california.us
http://www.brokerforyou.com/blogger/index.html
http://san-diego-coastal-real-estate.blogspot.com
http://sandiegofsbo.blogspot.com
http://downtown-san-diego-real-estate-views.blogspot.com
http://san-diego-coastal-real-estate.blogspot.com
http://sandiegofsbo.blogspot.com
http://downtown-san-diego-real-estate-views.blogspot.com
http://www.poway-real-estate.info
http://www.del-mar-real-estate.info
http://www.la-jolla-real-estate.info
http://www.los-angeles-real-estate-brokers.com
http://www.san-jose-real-estate-brokers.com
http://www.orange-county-real-estate-brokers.com
http://www.san-francisco-real-estate-brokers.com
http://www.sacramento-real-estate-broker.com
2006-07-11 04:05:37 · answer #5 · answered by Anonymous · 0⤊ 0⤋
WHERE?
Apart from that..... generally speaking....they rarely go down... because they just don't make any more land....
2006-07-09 16:12:08 · answer #6 · answered by elwoodo0oo 3 · 0⤊ 0⤋