tag:blogger.com,1999:blog-13037130.post4922034239047046783..comments2024-03-25T08:47:49.650-07:00Comments on Manhattan Beach Real Estate-Redondo Beach Townhomes: Manhattan Beach-Beach Cities Real Estate : Doom & Gloom May Cost you MoneyKayehttp://www.blogger.com/profile/09003331406008950614noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-13037130.post-21121272804744854182008-04-29T11:16:00.000-07:002008-04-29T11:16:00.000-07:00mbrealist,Being sarcastic doesn't cut it either.....mbrealist,<BR/>Being sarcastic doesn't cut it either.. Just because the local market hasn't been devastated doesn't mean there are not issues.Kayehttps://www.blogger.com/profile/09003331406008950614noreply@blogger.comtag:blogger.com,1999:blog-13037130.post-32665647595258091752008-04-29T10:28:00.000-07:002008-04-29T10:28:00.000-07:00Arroyogrande,You have to realize that it is differ...Arroyogrande,<BR/><BR/>You have to realize that it is different here. These fundamentals don't apply to an area like Manhattan Beach. Prices will start to rise over the summer and we'll be beack to 10% yearly it to the bank. This is truly one of the three most desirable cummunities in North America.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-13037130.post-72665503139437835772008-04-28T21:27:00.000-07:002008-04-28T21:27:00.000-07:00Kaye, from what I know of you (mainly through this...Kaye, from what I know of you (mainly through this blog), you seem to be a straight shooter. However, look at what you are doing here:<BR/><BR/>"Negativity sells newspapers"<BR/><BR/>and then<BR/><BR/>"A number of those who are the most adamant about waiting...are the same people who missed the late 90's and early 2000 market. They are going to miss this one too."<BR/><BR/>Isn't that the same sort of attitude you are complaining about...using fear (of being 'priced out forever') in order to get people to buy houses...now?<BR/><BR/>During the last downturn, the "flat bottom" was several years in length...and the prices of the peak were not reached again until 9 years later.<BR/><BR/>Another scary thing to realize is that many of the same people who said that "there is no bubble", "the higher house prices are based on fundamentals" and "we have full employment, house prices won't fall" are the same ones calling the (impending) housing bottom.<BR/><BR/>We may agree to disagree about the timing of a market bottom, but I don't think that people waiting a year to "see how the market shakes out" will be priced out forever any time soon. And they may very well be able to continue to rent a house (in many cases, the exact same house) for a few years, and avoid paying excessive $$$ each month on a high mortgage, property taxes, insurance, etc. that takes up a significant percentage of their take home pay (especially in this era of high energy and food costs).<BR/><BR/> - arroyograndeAnonymousnoreply@blogger.com